Payment system: Payeer
Foundation: 2012
Limits: 5.000 EUR

Payeer casinos

Payeer is a payment system that was developed in Georgia. In 2012 the company obtained a license for the conduct of financial activities from the National Bank of Georgia. The company’s representative offices are located in the UK and Russia. Payeer is most widespread in Russia while in Europe this system enjoys rather moderate popularity. In total, the service is available in 200 countries.

To open an account, users should indicate their email address, account name, password, and a secret word. One of the system’s peculiar features is the opportunity to get a personal bank card issued by Payeer.

After the registration process is over, users get access to four wallets: RUR, USD, EUR, and BTC. Online casinos that cooperate with Payeer allow withdrawing funds in any other currency but this can be done in exchangers only.

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A somewhat unexpected feature of the system is the account personalization. The confirmation of identity for Payeer clients is optional, and the transfer of personal data has no impact on the amount of commissions or general limits that clients should observe. This enables gamblers to play in Payeer online casinos without being obliged to pay taxes in favor of their government.

However, if a client wishes to confirm his identity, he or she will be entitled to slightly increased limits. The verification process requires indicating the user’s data and attaching the identity document. If the submitted data prove to be correct, the user’s account will subsequently be marked as “Verified”. Online casinos that accept Payeer are ready to receive deposits from any user of the system, notwithstanding their verification status.

Casino accounts can be credited in Payeer using bank cards, e-wallets, and exchangers. The selected depositing option determines the amount of the commission fee that the Payeer client will have to pay.

Commission rates are calculated according to the internal standards that apply to all the users. Conversion fees vary from 0.25% to 0.95% while transaction fees range from 3% to 5%. The depositing of Payeer accounts is completely free of charge.

The system’s safety is ensured by the necessity to prove your identity each time you log in. This can be made in three ways:

  1. SMS;
  2. Telegram message;
  3. E-mail.

Telegram messages and emails are free. As for SMS, users have to pay each confirmation code they will receive on their mobile phones, according to the tariffs set by their mobile providers.

In case the user forgets his or her password, its recovery will cost $50. Accounts of the users whose identity cannot be verified are not subject to recovery.

The opportunity to use the payment system anonymously is both its advantage and drawback. On the one hand, the information on the users’ revenues is not submitted to tax authorities. On the other hand, it implies paying increased transaction fees. However, it is the offshore nature of the system that makes Payeer popular, together with the online casinos that accept it.