Qiwi is an online casino payment method overseen by Visa. It has been around since 2007 and today remains a very popular option, especially in Russia. The payment method does more than just help you fund your casino account. You can use it for paying your utility bills, paying back a loan from a bank, covering the cost of insurance, or making any other payment online. There is a bank associated with the card which lets you use a lot of other money based services.
This is the largest online payment provider you will find in Russia with a service that has increased in popularity over the years and can now be accessed across 20 different countries. It has over 15 million users who can pay for online purchases through this e-wallet (electronic wallet) as well as fund online casino accounts. In fact, this ewallet is now the most popular payment method for online casinos operating within Russia.
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How does the Qiwi payment method work?
You make payments in cash or you set up a link to your bank account or credit card. From there all you have to do is enter the information when you are ready to make a transaction, receive a temporary password, and confirm the amount you want to transfer. When you use it at your favourite online casinos you can move money in any direction, loading it to your casino account or removing it back to your Qiwi account. Once it is in your Qiwi account you can move it from there to a handful of places like a partner bank where you can take out your winnings as cash or you can move it directly to an existing bank account. As a payment solution it is accepted anywhere that Visa is accepted which means you can use it all around the world.
Safety and Security of Qiwi
The company works with Visa and therefore you get all of the enhanced security that Visa provides. The Visa banking method keeps all of your private data safe and you can use the card around the world and online for your favorite casino without revealing any personally identifying information, without having to add your direct bank account, and even without having to add your password.
You have a range of steps that protect your personal information and a customer service team available if there are any issues with your card or with a transaction. In the event that fraud takes place where you were having trouble, the company will handle it very quickly. They also use extra encryption on your transactions when they are done virtually so you can rest assured that when you move money back and forth between your online casino account and Qiwi account, it is safe.
How to load your Casino account with Qiwi and withdraw your winnings
Once you choose the casino you want to use, you have to open your Qiwi account first through the official website. In order to set up a payment the only thing you have to do is provide your mobile phone number. The company will send you a password in the form of a text message. After that you sign in using your cell phone number rather than a username and you confirm the password you received via text. This offers a significantly better level of protection and security because it doesn't expose your regular password to your financial account but rather a temporary password.
Once that is confirmed you can open your account and load money to your casino. You have to transfer money from your bank or whatever other source you are using like a debit card or credit card, or you can deposit cash at a physical kiosk associated with Qiwi. The availability of different funding sources is contingent upon where you live.
After the money is loaded to your Qiwi account you can move it to your casino. go back to the payment page or the banking page for the online casino, choose the electronic wallet option and from their select Qiwi. use that phone number and password you were given to sign back in and determine the amount of money you want to transfer to your online casino. In most situations you won't face additional fees and the money will be available immediately.
When you are ready to withdraw your winnings, all you need is an online casino compatible with Qiwi. Again, you probably won't face any extra fees. You go to the financial page or the banking page for withdrawals and select the compatible options and then determine how much money you want to move. Again, the money is available immediately. It's as simple as that.
Qiwi is a safe and instant payment option for online casinos. So if you are ready to start playing, set up your account today.
