How to withdraw Money from MPL?

• September 22, 2024 08:16 am
• Amelia

Withdrawing money from MPL (Master Poker League) is a simple and very easy process. Master poker league is one of the most popular platforms among gamers in India. Here you can easily play games and earn money. Once you've got winnings in your MPL wallet, you can easily transfer them to your bank account.

In this blog, we will go into detail about how you can withdraw your earnings from MPL to your bank account. If you are new to the MPL platform or a daily user, it is important for you to understand the process of transferring money which involves following a few easy steps. 

In this blog, you can read every step in detail from verifying your account and choosing the right payment method to transferring a smooth and quick transaction.

MPL offers you multiple withdrawal options, which is convenient for users to transfer their winnings. But it's important to follow the correct steps to avoid any delays or problems.

Without any further delay let’s start!

How to Play Cash Earning Games?

You can play real money games on MPL and win rewards with prizes worth up to Rs. 12 Lakhs. All your cash prizes are deposited directly into your MPL account and you can withdraw it instantly.

This process is 100% secure and we make sure that you can withdraw your money without any problem. You can transfer it in the form you prefer, for example you want to transfer your money straight into a bank account, or if you want to transfer it through UPI or in digital you can do it easily.

Whether you prefer direct bank transfers or like using your digital wallet, We give you the flexibility to access your winnings in the way that works best for you. This easy and reliable withdrawal process makes it simple to enjoy your rewards whenever you’re ready.

Money Withdrawal Request Process

Online platforms like Master Poker League offer a great chance to play games and earn real money. By using your skills and strategies, on your favorite games, you can win cash prizes in events. The money you will receive as a reward will be stored in your account on MPL.

You can easily access this money whenever you feel the need. But how does it work? Here you find each step of the withdrawal process for you step by step for a better understanding. By following the below steps you can easily withdraw your money from your MPL account.

• Check Balance in your Wallet

  When you win rewards from any tournament or event, the winnings will be automatically transferred to your MPL wallet which you can find under the section named as Winning Cash.

• Tax Guidelines

  The money you win is deposited after deducting the necessary taxes. TDS (tax deducted at source) applies to all earnings above INR 10,000, as required by government guidelines. Some deductions will be made in accordance with the tax law 1961, which is non-refundable. You will receive TDS certificates for these deductions. If any other taxes apply to your online game prize, you are responsible for paying the taxes to them.

• KYC Verification

  The first time you try to withdraw money from your MPL winnings account, you need to complete a one-time KYC verification. You can still play cash games on MPL without KYC verification, but it is required when you want to withdraw your winnings. This verification becomes mandatory once your total winnings exceed INR 20.

To complete your KYC, follow these steps:

1. Open your MPL app, then click on Wallet.
2. Next, click on Earn More Tokens. Scroll down and select Complete KYC. Upload a clear photo of a valid government ID, such as your Aadhar Card, Driving License, PAN Card, or Voter Card.
3. Enter your details and wait for 24 hours for our team to approve your KYC.

• Check withdrawal Limits

  After your KYC verification is successful, you can quickly withdraw your cash. Before withdrawing, you can check the minimum and maximum withdrawal limits on your phone screen by clicking on the ‘Withdraw’ option.

• Request Withdrawal

  Usually, your withdrawal request is processed within a few hours, but the timing may vary based on the latest updates. It's a good idea to check the MPL website for any new information. You can also keep track of your withdrawal status by going to the ‘View Transaction History’ section on the Wallet page of your MPL account.

• Transfer your Money

  The best part is that you can withdraw your money not only to your bank account but also to your Paytm wallet. You can choose to use a direct bank transfer, UPI, or wallet transfer through our payment partners for this process. Once you are done with selecting the payment method you can easily transfer your money from the MPL wallet to your bank account or digital wallet.

Benefits

You can participate in online real money games and events of MPL and can win big cash rewards.

All you winning in MPL online games will be immediately transferred to your MPL wallet which can be later transferred to your bank accounts without any problem.

We offer 24/7 support for your hassle free experience at MPL. So, You can transfer your money at any time whenever you feel the need to withdraw the money.

You can withdraw money in your bank account or digital wallets like Paytm or Amazon Pay whichever you prefer.

Playing regularly and responsibly can help in developing skills, critical thinking, decision making, and the overall development of the mind.

Risks Involved

• Addiction:

  Spending excessive time playing online real money games can lead to addiction in some people. Which can further impact your health mentally and physically if not managed in time.

• Financial Loss:

  Participating excessively in tournaments can sometimes result in financial losses especially when you start playing in high stakes games.

• Internet Connectivity:

  If you are from an area where getting a stable internet is a problem you need to play responsibly. Poor internet can cause you to have a bad online gaming experience and affect your game and earnings as well.

Final Thoughts

Withdrawing money from an MPL account is easy and efficient If you are a beginner and worrying about the money in your MPL account. Put your mind at ease, as withdrawing money is very easy you just need to follow some easy steps. First, you need to check the balance in your MPL account then check the limits of minimum and maximum withdrawal limits. If your balance in the wallet qualifies the limit, you can withdraw money easily. It is also advisable that you should read the tax guidelines that imply your winnings.

If you are withdrawing your money for the first time, you need KYC verification. You can play games without KYC verification but to withdraw money you need to do a time KYC verification. After you are done with KYC verification, check limitations for maximum and minimum limits. Then you need to choose the transfer money method. You can transfer your money to your bank account, Amazon Pay account, and digital wallets. Once the withdrawal request is made, shortly your money is transferred to your account.