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IS PAYEER ACCEPTED BY ONLINE CASINOS IN INDIA?

Yes, some online casinos in India accept Payeer. This e-wallet service is available in more than 200 countries which is why many international online casinos support it as a payment method. However, it is yet to come of age. Its reach isn’t wide and finding Payeer casinos in India can be difficult. Nevertheless, they exist.

Check This List of Payeer Casinos 

payeer-casino-payment-method

It isn’t surprising that casino websites are constantly trying to step up the convenience regarding deposits and withdrawals. The last thing they want is a potential player noping out of their website due to a lack of adequate payment methods.

Therefore, their attempt is always to expand the list of banking options and include multiple credit or debit cards, e-wallets, cryptocurrencies and any legit method familiar to players. Payeer is one such option with exceptional serviceability.

This Danish e-wallet works with more than 5000 international banks and allows over 200 countries from all over the world to access its electronic payment system, including India. Users can create a personal multi-currency account and send, exchange or accept fiat and cryptocurrency.

Payeer supports Bitcoin, Bitcoin Cash, Dash, Litecoin, Ethereum, Tether, VISAMasterCard and Maestro. Additionally, it also supports payment systems like AdvCash, PerfectMoney, QIWI, which let you buy and sell crypto.

In a nutshell, as long as you are 18 or over and can furnish all the information required to successfully register, you can use Payeer from any part of India. Before you register at a Payeer casino, make sure to download the app from Apple App Store or Google Play Store and verify your registration for hassle-free deposit and withdrawal.

Best Payeer Casinos in 2021

Of all the good Payeer casinos online, we’ve listed the best ones below.

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How to Fund Your Payeer Casino Account

To fund your Payeer casino account, you need to register with the payment system provider first. The process is more straightforward and quicker compared to that in other payment systems. Follow these 13 simple steps to complete your registration and start using Payeer Wallet for online gambling:

  1. Visit the official Payeer.com website.
  2. Click the ‘Create Account’ link.
  3. Enter a valid e-mail id and hit ‘Create Account.’
  4. Enter the confirmation/verification code sent to your e-mail.
  5. Complete the registration.
  6. Fund your Payeer Fiat account using Bank Cards, Cryptocurrency, PerfectMoney, AdvCash, or QIWI, and your Cryptocurrency account via the unique address that shows up on the screen when you choose one.
  7. Head to an online casino that supports the payment method (let’s take you back to the best casinos with Payeer).
  8. Register or login to your casino account.
  9. Head to the cashier page and choose Payeer as your deposit method.
  10. Enter the amount you want to deposit and confirm.
  11. Get redirected to the invoice page on Payeer site.
  12. Choose the option with which you want to make the payment via Payeer.
  13. Settle the invoice and fund your casino account.

At the 4th step, if you choose to continue without confirmation, remember to save the account number, password and secrete code that automatically appear on your screen when you hit ‘Next.’ Payeer deletes the information within 23 hours. Complete your registration by entering your name and selecting India as your country. Please note that withdrawal limit for non-verified accounts is $999. To verify your account, go to your account number in the menu, select verification from the drop-down and hit ‘go.’ Payeer will ask for your full name, e-mail, the type of account you want to create – whether personal or business, mobile number, date of birth, address, country of origin, and the currency in which you want to transact money. At the time of writing this article, Payeer doesn’t support transactions in Indian Rupee.

Deposit Limits and Commission Fees

Payeer enables instant deposits. Below are the deposit limits on each payment method at Payeer along with the commission fees you’ll incur:

FIAT ACCOUNTS
Payment Method Transfer Limit Per Transaction Commission Fee
Fiat ($) Fiat (€) Fiat (₽)
VISA $0.01 – $7500 €0.01 – €7500 ₽1 – ₽100,000 3.99% – 4.99%
MasterCard $0.01 – $7500 €0.01 – €7500 ₽1 – ₽550,000 3.99% – 4.99%
Maestro $0.01 – $7500 €0.01 – €7500 ₽1 – ₽550,000 3.99% – 4.99%
Cash Moscow $500 €500 ₽50,000 0% – 1%
Bitcoin 0.0025 BTC – 10 BTC 0%
Ethereum 0.1 ETH – 500 ETH 0%
Tether 1 USDT – 100000 USDT 0%
Litecoin $1 – $100000 0%
PerfectMoney $0.1 – $100000 0%
AdvCash $0.01 – $999999 0%
QIWI $0.1₽ – 100 000 ₽ 4.99% – 7%

 

Payment MethodTransfer Limit Per TransactionCommission Fee
CRYPTO ACCOUNTS
Account Transfer Limit Per Transaction Commission Fee
Bitcoin 0.0005 BTC 0%
Ethereum 0.001 ETH 0%
Tether 5 USDT 0%
Bitcoin Cash 0.001 BCH 0%
Litecoin 0.001 LTC 0%
DASH 0.001 DASH 0%
Ripple 1 XRP 0%

 

Withdrawal Limits and Processing Time

Unlike deposits, the processing time for withdrawals via Payeer vary depending on the payment system used. Below are the withdrawal limits and processing time for each system.

 

Payment System Transfer Limit Per Transaction Processing Time Processing Fee
Payeer Wallet $0.02 / €0.02 / ₽0.10 Instant 0.5%
AdvCash $1 / €1 / ₽10 – $900000 / €900000 / ₽55000000 Instant 1.99%
PerfectMoney Instant 0.99%
Bitcoin 0.001 BTC – 30 BTC Instant 0% + 0.00065 BTC
Tether 1 USDT – 100000 USDT Instant 0% + 9.99 USDT
Ethereum 0.001 ETH – 1000 ETH Instant 0% + 0.0065 ETH
Litecoin 0.01 LTC – 10000 LTC Instant 0% + 0.01 LTC
Bitcoin Cash 0.01 BCH – 1000 BCH Instant 0% + 0.001 BCH
DASH 0.01 DASH – 10000 DASH Instant 0% + 0.006 DASH
Ripple 25 XRP – 100000 XRP Instant 0% + 0.25 XRP
MasterCard Int. $10 / €10 – $1300 / €1150 $4800 / €4800 (daily limit) $20000 / €20000 (monthly limit) Instant – 10 business days 3.99% + $5

 

Pros and Cons

Pros

  • Payeer is available in over 200 countries, including India.
  • The process of registration is simple, flexible and quick.
  • Registration requires only your name and e-mail address; no bank details are needed.
  • Creating an account is free and doesn’t attract monthly maintenance fees.
  • Payeer supports a huge range of payment methods, including Fiat and Cryptocurrencies.
  • Converting cryptocurrencies to fiat currencies is easy and comes with no additional fee.
  • It supports worldwide foreign exchange transactions.
  • Withdrawal to bank accounts as well as e-wallets are possible.
  • The speed of transactions is noteworthy.
  • Payer of the money gets to choose who pays the commission fee – a feature absent in most other casino banking methods.
  • The transaction fee is low compared to that of other payment methods.
  • Online gamblers who use Payeer’s exchange services can sign up with almost any real money online casino and play any game.
  • The website facilitates a cryptocurrency trading platform that shows the latest trends and prices.
  • Payeer’s freeze-free account policy dismisses the need for verification to increase the account limits.
  • There’s no transaction limit per internal transfers (Payeer to Payeer).

Cons

  • Payeer is not very common in real money online casinos that accept Indian players. The trusted ones are listed here.
  • Exchange rates for cryptocurrencies are high, which means withdrawals are expensive.
  • Fiat currency options are limited to the US Dollar, Euro and Russian Ruble.
  • Due to its convenience, online casinos might restrict players from claiming welcome bonuses when they use Payeer to deposit money.
  • Customer care isn’t prompt and live chat isn’t available, although responses are delivered within 24 hours.

Should You Use Payeer at an Online Casino in India?

Now that you’ve studied the pros and cons of Payeer, you know the pros outweigh the cons. Despite some minor hiccups, Payeer makes a great payment option especially for online gambling and betting in India. Ease of use, versatility and security are three major reasons more and more operators are including it in their casinos. So, if you’ve found a Payeer casino, register and start playing already. If you haven’t, we’re always ready to help.

FAQ

Launched in 2012 by Paycorp Limited (a company registered in Vanuatu – a group of islands in the South Pacific Ocean) and co-owned by Fincana Limited, Payeer is a global e-wallet service provider. Its users can make and receive international payments in the form of major Fiat and Cryptocurrencies. However, beyond facilitating payments, Payeer also offers a trade platform for low-cost exchange between various cryptocurrencies.

Payeer is jointly owned by Fincana Limited and Paycorp Limited. It offers financial services in Europe under the jurisdiction of the former and to the rest of the world under the jurisdiction of the latter. Payeer holds the following licences:

  • Financial Services Commission (VFSC) License #15068 under Financial Dealers Licensing Act.» dated 19.06.20 issued by the Vanuatu Financial Services Commission.
  • Ministry of Economic Affairs and Communications (MEAC) Virtual Currency Service License #FVT000136» dated 17.09.2020 issued by the Ministry of Economy and Communications Estonia.

To obtain these licences, the payment provider must undergo stringent measure, establish its repute and provide evidence of enabling secured financial trade. Therefore, it is safe to assume that Payeer is a trusted company.

Not all casinos support Payeer. Although the payment service provider has a worldwide reach, its penetration and expansion in the iGaming industry has been subtle. There are many online casinos that support Payeer as a payment provider and many that don’t. The list gets shorter when it comes to India. Check out the best Payeer casinos here.

The minimum deposit amount fixed by Payeer might be different from that of an online casino. For instance, you need to deposit minimum 0.0025 BTC in a single transaction to fund your Payeer Fiat account in US Dollars. However, the limit might increase when it comes to using this fund to make a deposit at a casino online.

Withdraw money from Payeer in 5 simple steps:

  1. Visit the official website or open the app and log into your e-wallet account.
  2. Open the ‘Balance’ page/tab, select the currency of your choice and click ‘Withdraw.’ Alternatively, you can also open the ‘Transfer’ page/tab and select a payment system of your choice.
  3. Enter the payment system and account details of the recipient (in this case, your own).
  4. Enter the amount you want to withdraw (make sure it is within the limits fixed by Payeer).
  5. Confirm the withdrawal by clicking ‘Send.’

You can use most of the features offered by Payeer without verification. However, your daily withdrawal limit could be restricted to $999 and certain payment systems such as QIWI might be unavailable. Full verification is advisable if you want to enjoy all the services of Payeer.

Verifying your Payeer account is a cakewalk. All you need to do is follow these 5 simple steps:

  1. Visit the official Payeer website and head to your ‘Account No.’ in the menu.
  2. Click ‘Go’ if the status of your verification is ‘No.’
  3. Fill in the required personal information correctly.
  4. Upload the mandatory documents – a scan or photo of your ID or passport and proof of address which can be a scan or photo of your bank account statement or utility bill with a barcode, QR code or stamp not older than 90 days with your name and your residential address in English.

Word of caution: Do not upload edited images of your ID, passport, bank account statement or utility bill. Do not upload scanned copies or images of bent documents. Make sure all parts and edges of the uploaded documents are visible. Inclusion of other objects on the photo apart from the document would lead to rejection of the verification request.

Payeer is bound by a privacy policy which states that your personal or financial data shall not be disclosed to any third party without official request. It doesn’t matter from where you are using the payment service in India. As long as you are 18 years of age or above, you can safely use Payeer in India. However, given the simplicity of the payment system, its security appears to be lower than that of its peers such as Skrill, Neteller, AstroPay, Paysafecard, UPI and PayPal. Nevertheless, in Payeer, safety of transactions largely depends on the user. Breaching a e-wallet’s security isn’t anyway easy unless you’ve disclosed your details to a third party.

Yes, Payeer has dedicated mobile apps for iOS as well as Android users. Download the app supported on your device from Apple Store or Google Play Store. Alternatively, you can also download the app from Payeer’s official website.

Payeer MasterCard is no longer available. The payment service provider once used to offer these prepaid cards in physical as well as virtual form. Users could use them to transact money worldwide without commissions. However, Payeer broke its partnership with MasterCard and the facility has been discontinued ever since.