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Virginia - United States

Our American Players’ Favorite MyPaylinQ - With Ratings! Updated January 2021

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How to deposit with MyPaylinQ

MyPaylinQ acted as the middleman between your bank and your preferred online casino. Which meant that deposits were quick and instant. All you had to do was register for an account at its official site, and then fund it using your credit card or via bank transfers. You’d then use the money in your MyPaylinQ account to fund the online casino account

Once the money showed at the casino’s webpage, American players were free to gamble and enjoy different games offered by the site. The fact the cash was available in your MyPaylinQ account meant that you could move the money to another online casino website, hence flexibility. 

How to withdraw to MyPaylinQ

Just like the deposits, the withdrawals were just as fast and instant. However, players were only allowed to withdraw using MyPaylinQ if the deposit was via the same method.

All you had to do was go to the withdrawal page, select the payment method, enter the details required, which included the amount you want to withdraw and confirm the withdrawal request.

Mostly, verifications were done during the deposit process. You’d be asked to confirm your identity by filling out a credit card authorization form, scanning it, and sending it to the support team who’d activate your account right away.

And, since the deposit details are captured in the casino’s system during a deposit, the withdrawal process was smooth, instant and with minimum verification procedures. 

Limits and fees

Being the only e-wallet operating within the United States at the time, which supported online casino gaming, this method was expensive. 

Online casinos have varying deposit limits, but that aside, as a new player using MypaylinQ, you were only allowed to make a first deposit up to a maximum of €100. The more you used it, the higher your limits grew.

Although it cost you nothing to deposit from MyPaylinQ to an online casino of your preference, banks charged a whopping 6% to 7.5% on every deposit. This transaction took place via wire transfers, money orders, and cash transfers. 

Things became tricky when withdrawing from the online casinos. While most casinos offered (and still offer) minimum cash-outs of €20, when it came to using MyPaylinQ, the minimum was always €200.

It even got worse when it came to withdrawing your money from MyPaylinQ to your bank account. For wire transfers, you were charged €45, as cash transfers and money orders charged €25 and €5 respectively. 

MyPaylinQ bonus at online casinos

When playing at online casinos from within the US using MyPaylinQ, players were offered attractive welcome offers and reload bonuses

On top of that, players also got between 5% to 25% of the amount transacted in bonuses for using MyPaylinQ.

It’s a pity this method is no longer in service, because it made it easier for Americans to play at online casinos. 

  • A gambling license is intended to protect players, and one of its main functions is to provide a mechanism for resolving disputes when they come up. If you have a dispute with a casino, and the casino is being unreasonable, the gambling authority will help you. For many licenses, this means you can contact the gambling authority to get help processing your withdrawals, claiming money the casino has debited from your account, or resolving other disputes that might arise. The likelihood that the gambling authority will help you in ways that are effective, however, depends on the procedures they have in place for this. This is yet another reason why choosing to play at a casino that has a safe license is important.

    Getting help directly from the gambling authority is not always necessary, or even an option. A lot of regulators have now enforced third-party dispute resolution. This means casinos must have an agreement with an arbitrator who will look into disputes on the behalf of players from a particular casino. This ensures your dispute will be reviewed by an objective third party. All trusted online casinos have information about arbitration on their websites if they use this option, or they’ll have the contact information for the gambling authority you should consult. However, you should always try to resolve your issues with the casino first, and a lot of casinos have separate email addresses specifically for handling complaints.

  • If you’re worried about the security of the transactions you’re making at a casino, you should look for a logo with the acronym PCI DSS. This stands for Payment Card Industry Data Security Standard, and this is something the payment industry has created. If you see this logo, it means the casino can be trusted for safe money transactions since they follow all of the rules set by the payment industry. Information about this can also be found in an FAQ section on the casino’s website.

    Another thing to look out for in terms of payments is where your money is kept while you play. Some gambling authorities, all of the best ones actually, regulate what the casino can do with your money while they are holding it. Your money shouldn’t go into a general bank account held by the casino; it should go into an account that is strictly for holding player funds. This means that as long as you have the money in your player account, it can’t be spent by the casino. Your deposit will be kept separate from the operating funds of the casino until your player account is empty, which will happen if you make a funds withdrawal or if you lose the money while playing.

  • The best known system tool for ensuring that a casino offers fair games is eCogra; however, there are other providers that also offer these kinds of systems. You want to make sure that the casino is using a certified third-party control system to ensure that the games of chance you’re playing are actually based on chance and not on other types of metrics. Rigged games are ones that have been set up to pay out less than they claim to or ones that give some players a greater chance of winning than others.

    The eCogra logo can often be found in the footer of the casino’s website, but not all casinos choose to display it. If you can’t see this logo, go to the FAQs and see if you can find information about random number generators. If there are no FAQs on the site, check out their terms and conditions or contact the casino’s support and ask how they ensure their games are safe.

  • An SSL-encrypted website should be mandatory for any casino, and very few casinos operate without this or similar safe encryption features. Always keep in mind that you are giving the casino quite a bit of sensitive information, including your payment details. When you’re uploading and sending documents to verify your identity, you want to make sure that no unauthorized third-party has access to them. Site security, therefore, doesn’t only include the website itself but also what the casino does on the backend. You should always look into a casino’s data security. You’ll normally find information about this in their terms and conditions and their privacy policy. If in doubt, contact their support and ask for more detailed information.

    Most trustworthy casinos have information about site security in the website footer, so simply scroll down and look for the logo of a well-known security system.

  • The gambling license a casino operates under will have a big impact on your security. Not all licenses are equally safe for players for the simple reason that they are issued by different gambling authorities that work in different ways and have different rules. The rules and regulations may be quite similar, but the way they are enforced is a different story entirely. For example, if a casino doesn’t comply with the regulations, some gambling authorities may just issue a fine while others may revoke the casino’s license outright. How often gambling authorities show up for an unscheduled inspection or control will also vary.

    The biggest differences between a safe, high quality gambling license and one that isn’t as good will usually show up in the areas of fair gaming, dispute resolution and the rules and systems for identifying and handling problem gamblers (responsible gambling). If your country of residence has its own gambling authority, playing at casinos that are licensed by them will be the safest option for you. Other international licenses that can be trusted are issued by the Malta Gambling Authority and the Gibraltar Regulatory Authority. Curacao eGaming is getting better at protecting players whereas licenses from Panama and Costa Rica, for instance, are considered less safe. The worst option is obviously a casino with no license whatsoever.

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