Based in Tallinn, Estonia under Fincana Limited and Paycorp Limited, Payeer is an eWallet regulated by the Ministry of Economic Affairs and Communications. This payment solution offers money transfer services across the world. To be precise, over 200 countries. Most of the services offered by this payment solution mirror popular eWallet solutions, thereby favoring online purchases and merchants. Players need to fund their Payeer accounts first before using the eWallet. One of the popular uses for this eWallet is depositing and withdrawing funds at online casinos. With its wide coverage, gamblers from across the globe can use Payeer.
To deposit funds using Payeer, players must create two accounts. One with an online gambling account that accepts deposits using this method and the other with Payeer. Afterward, find a suitable method to top-up your Payeer wallet. You can use the likes of Swift transfer, MasterCard, and VISA just to mention a few. Cryptocurrencies like Bitcoin, Litecoin and Bitcoin Cash are also accepted.
Once you’ve done all these, log into your casino account and head to the main menu. Find the cashier option and choose deposits to load the list of funding options available. Choose Payeer from this list to start the deposit process. You will be asked to enter the amount you wish to deposit before proceeding. This will take you to Payeer’s payment portal for you to log in, authenticate, and authorize the transaction.
Payeer is a two-way payment solution. This means that, unlike other banking methods, you can use it to withdraw your winnings. Most online casinos you’ll come across require their players to withdraw funds using the same deposit method. With Payeer, this is super convenient.
Once you are ready to cash out your winnings, navigate to the main menu, and in the cashier section, choose withdrawal. From the list of options presented, click on Payeer's logo to start the cashout process. Specify the amount you wish to withdraw and authorize the transaction. With eWallets, withdrawals are quite fast. However, the overall time will depend on the casino’s pending time.
Players will be required to provide a government-issued document such as a national ID card or passport to verify their identity. Another document required is a recent utility bill or bank statement to verify your address. Verifying your identity allows you to enjoy all features offered by Payeer including increased transaction values.
When it comes to the fees charged, players will be a bit disappointed that Payeer charges fees on transactions. The good news is that the fees are on the lower end. You will incur a fee of 0.5% on all internal transfers such as deposits. As for withdrawals, the casino will probably incur this cost. In other cases, the operator will transfer these costs to the player. Therefore, it’s important to confirm this on the banking or terms and conditions page.
As far as the limits go, players will have to consult their respective online gambling platforms for the maximum and minimum deposit/withdrawal amounts. You can find these details on the terms and conditions page.
The online gambling industry is quite competitive. That's why every special offer you come across seems to be more worth it than the previous one. Online gambling platforms are always looking to reinvent and refresh their approach to bonuses. This is with the aim of enticing more players to join their platform.
On the other hand, there are several bonuses focused on maintaining their existing customer base. You will find several Payeer casinos offering such bonuses but there’s one thing to keep in mind. Cashing out your Payeer bonus requires you to meet certain wagering requirements. Therefore, it’s advisable to read the bonus terms and conditions to avoid surprises and disappointments.