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Payeer Online Casinos

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E-wallets are a popular choice when it comes to banking options at South Africa friendly online casinos. There are a few distinct advantages to using electronic wallets in an online casino context when compared to traditional payment methods such as credit cards, debit cards or bank transfers.

Firstly, E – wallet transactions at online casinos, be it deposits or withdrawals, are generally processed much faster than bank card transactions or bank wire transfers. Secondly, in some countries, banks will decline transactions related to online gambling merchants as part of their own internal banking policy and using an E-wallet is a convenient workaround in such situations. There are several other such perks to using E – wallets at online casinos. However, most E – wallets also have a common shortcoming, they usually only support fiat currencies and not cryptocurrencies. What is fiat money, you ask? Well, fiat money refers to any government/state issued currency. Examples of fiat currencies are – South African Rands, US Dollars, Euros, British Pound Sterling, etc.

On the other hand, cryptocurrencies are digital currencies which are usually de-centralized, peer to peer transactions. Cryptocurrencies could very well be the future of money and millions have already taken to it and this includes online casino players from around the world. If you want to have the ability to use various fiat currencies or cryptocurrencies at an online casino, Payeer is one such hybrid E-wallet that lets you deal in both crypto and fiat currencies with one single account.

Here, we will discuss everything you need to know about Payeer from the perspective of a South African online casino enthusiast. After reading our Payeer guide in full, you will have a clear picture of what Payeer is, how it works, what are the top SA casinos offering Payeer and what are some of pros and cons of using Payeer.

Which Payeer Casinos do we Recommend for SA players?

There are tons of online casinos that serve South African based players and also offer Payeer as one their banking options. In fact, some of the highest rated SA friendly online casinos allow players to integrate their Payeer accounts with their casino cashier account to make easy, flexible, fast and cheap deposits and withdrawals.

Below, we have a list of the best Payeer online casinos for SA players. In the making of this list, our experienced team has meticulously reviewed tons of online casinos in an objective and fact-based manner. Apart from support for Payeer, we also consider the following criteria and factors when assessing, evaluating and recommending an online casino – licensing, security and safety, fairness of games, other banking options, customer support, user interface, game library, promotions and bonuses, VIP club, etc.

Our top ranking SA friendly Payeer casinos are:

How does Payeer Work?

Payeer was launched in 2012 as an online currency exchange. Initially, Payeer only supported a limited number of currencies. It has been nearly a decade since the inception of Payeer and the platform has expanded into a full-bloomed, all-encompassing online payment service that also doubles as a currency exchange platform for both fiat currencies and crypto currencies. This entails that a user can buy or sell crypto currencies with other crypto currencies or fiat currencies. Payeer users can also use their Payeer accounts to make secure online payments in any currency they prefer in exchange for various goods or services.

In summary, Payeer has two fundamental use cases

  1. As a crypto and fiat currency exchange/trading platform
  2. As an online payment system/wallet

Payeer may not be as well known or extensively used as PayPal, Skrill or Neteller. However, this is not to say that they don’t adhere to the same standards of safety and security. Payeer is a fully licensed and legitimate online payment service. Payeer is owned by Paycorp Limited and regulated by the Vanuatu Financial Services Commission. Payeer operates lawfully as per the provisions of their license (license #15068) under the Financial Dealers Licensing Act. Their headquarters is located in Tallinn, Estonia.

As of today, Payeer is available in over 200 countries around the world (South Africa included) and supports more than 100 different payment methods including bank cards, other e – wallets, other crypto wallets, bank transfers, etc. Payeer currently supports three fiat currencies, these are US Dollars, Euros and Roubles. Their crypto list is slightly longer, the following seven crypto coins are supported at this time – Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash, Tether and Ripple.

In the last couple of years, Payeer has grown leaps and bounds in terms of popularity. The growth in their user base is almost synchronous with the recent upsurge in the global popularity of cryptocurrencies. Just on the day of writing, over 12,100 new Payeer accounts were opened.

As far as online casinos are concerned, the list of online casinos that offer Payeer as a payment solution is much shorter when compared to this list of casinos that support PayPal, Skrill or Neteller. However, on the plus side, if an online casino does support Payeer, it almost always bears testimony to how proactive, high – quality and updated the casino itself is. So inherently, almost any online casino offering Payeer is going to make for a fantastic online casino in other regards as well.

In order to use the services offered by Payeer, you first need to register for an account.

Opening a Payeer account in South Africa

As we mentioned, Payeer is available in over 200 countries world-wide. Payeer is lawfully serviceable in South Africa and SA residents can register for a Payeer account in just a few minutes. The registration can be completed on PC or mobile by visiting the Payeer website or even through the Payeer Android or iOS app after you’ve downloaded it.

Opening an account with Payeer is free of cost. Once you are registered, you can start using Payeer but only with limited scope. However, in order to unlock the full spectrum of Payeer features and services, South African players are required to complete KYC (know your customer) verification. If you haven’t completed your KYC verification, your transactions are limited to a maximum of $999.

In order to open a new Payeer account in South Africa, follow the steps below:

  • On your PC or mobile, visit the Payeer website. The link for the website is – https://payeer.com/
  • You will see a green button labelled “create account”, click or tap on this button
  • You are redirected to a registration form; this is a three-part registration form which needs to be completed and submitted
  • In step 1 – enter your email address and click on create account
  • In step 2 – enter a password to protect your Payeer account and also enter the secret code
  • In step 3 – choose your country from the drop-down menu and type in your full name and click on done

Your account is now open. However, the status of your account is unverified and certain limits are imposed on your account. In order to lift all restrictions and make transactions over $1000, you can complete the verification process which is pretty straightforward and only takes a few minutes. The verification process only needs to be completed once in most cases. If you wish to have your Payeer account verified, follow the steps below:

  • On your PC or mobile, visit the Payeer website. The link for the website is – https://payeer.com/
  • Click on the login button with the key icon
  • Enter your login ID and password and access your Payeer account
  • Click on the drop-down option beside your account / user icon and then click on verification within the drop-down menu
  • Your profile is displayed and some personal details such as date of birth, address, etc. will need to be furnished accurately
  • Enter your mobile number and then enter the OTP which is SMSed to you in order to link your mobile number to your Payeer account
  • After furnishing all details as requested in your profile section, click on the verification button
  • You will now be required to upload certain documents which serve as evidence of your ID, nationality, address, age, etc. You can click on the upload option and upload digital copies of documents such as a government issued ID card, drivers license, passport, utility bills in your name, etc.

Once your documents are successfully uploaded, the verification process begins and you just have to wait. The Payeer verification team will review and approve your documents and your account is then deemed verified. There are no longer any limits or restrictions on your account.

How to make online casino deposits using Payeer?

  • Login to your online casino account
  • Click on deposit
  • Enter the deposit amount and choose Payeer as the deposit method
  • Enter your Payeer account name and password to confirm and approve the transaction
  • The money is now transferred from your Payeer wallet and added to your online casino cashier balance

How to cashout online casino winnings with Payeer?

  • Login to your online casino account
  • Click on your cashier and choose the withdraw tab or option
  • Enter the withdrawal amount and select Payeer as the withdrawal method
  • Enter the withdrawal amount and proceed as per on screen instructions to place the withdrawal request
  • Once withdrawal is reviewed and approved, money is deposited to your Payeer wallet

Advantages and Disadvantages of Using Payeer

  • Crypto deposits and withdrawals to and from Payeer wallets incur zero fees
  • Even without KYC verification, transactions up to $999 allowed
  • Trade crypto, fiat and use as an online payment system all in one account
  • Available in South Africa legally and lawfully
  • Licensed payment system which is trusted
  • Mobile friendly website along with dedicated iOS and Android mobile apps
  • Free registration and no maintenance/upkeep fees
  • No support for South African Rands
  • Bank card deposits and withdrawals are charged fees
  • Only available in a few South African friendly online casinos, not as widespread as Neteller or Skrill

Frequently Asked Questions about Payeer

I have forgotten my Payeer account password, what can I do?

You can recover your Payeer account by clicking on login and then clicking on forgot password. Now, you can enter your login and secret code to access your account and reset your password. If you have also forgotten your secret code, you can click on forgot secret code and then enter all requested details to recover your account. You may be asked to provide details about account balance and recent transactions, country and IP address, date of last authorization, etc.

Is Payeer available on mobile?

Yes, you can use Payeer on mobile. The Payeer website is mobile friendly and you can access your Payeer account simply by visiting the Payeer website from your iPhone, Android, Windows smartphone or from tablet mobile devices. For iOS and Android users, Payeer mobile app is available to download on both the iTunes App Store and the Google Play Store.

Is Payeer safe?

Yes, Payeer is 100% safe and trusted. This is a licensed electronic wallet that is regulated by the Vanuatu Financial Services Commission under the Financial Dealers Licensing Act. The domain uses a HTTPS IP protocol and the entire platform is SSL encrypted for added security. Payeer serves hundreds of thousands of users around the world and have been operational since 2012.

Are cryptocurrencies legal in South Africa?

There is no legislation banning the use of cryptocurrencies in South Africa. You can legally invest in, trade or use cryptocurrencies in South Africa. However, any crypto income may be subject to relevant tax and control regulations and legislation. There are no tax laws that cover cryptocurrencies specifically in South Africa at this time, so the general tax laws may apply.

What are the fees to add funds and withdraw funds from Payeer?

If you are adding funds through cryptocurrencies, there are no fees incurred. Adding funds using bank cards like Visa and Mastercard in USD or EUR will incur fees of 3.99% for Payeer personal accounts. For withdrawals, there are no fees for crypto withdrawals. However, for Advcash, PerfectMoney and Qiwi withdrawals in USD, EUR or RUB, fees are 1.99%.

Thobani Mkhize

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Fact-checked by: Lawrence Muller