Introduction
If you’re Russian, you’ve almost certainly heard of this massive company. They provide the country’s biggest search engine, plus they also own the country’s most popular e-wallet, used by one-third of Russian internet users. There are many reasons for the popularity of this e-wallet in Russia, including high security, fast transactions, and the fact that the payment method is incredibly well-trusted in Russian society. You will also find that this method is used by many expat Russians living outside of the country.
The popularity of this method means that many different online casinos accept deposits and withdrawals using it. If you’d like to deposit and withdraw using this method, why not take a look through our list of recommended casino sites accepting this payment option?
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Getting Started
If you want to use this e-wallet service, you can set one of these up with this company quickly. Just visit their site and then go through the sign-up process, which should only take a couple of minutes. Once you’ve submitted your form, you’ll get an email, which you’ll need to use to confirm your account. You can then add money to your e-wallet in a number of different ways. If you don’t want to fund your e-wallet, you can instead link your credit or debit card to it.
You don’t have to provide your passport details when applying for an account, however, we’d recommend it. This is because those who don’t provide a passport are classed as “anonymous” – something that means they can only make payments worth up to 15,000 roubles and receive withdrawals worth up to 5,000 roubles, plus they can only make payment when inside Russian borders. Those who provide their passport details have their maximum transaction amounts raised drastically though, as it goes up to 250,000 roubles for deposits and 100,000 roubles for withdrawals. The service can also be used when outside Russia.
It should also be mentioned that you can also receive a plastic or virtual MasterCard from this company. A virtual or plastic MasterCard will allow you to make deposits at casinos that don’t accept Yandex payments. You can apply for a card easily – just visit the website and go through the application process.
Casino Deposits
Making a deposit using this e-wallet is really simple. The first thing to do, as usual, is head to your casino and navigate to the depositing section, where you can then select the payment option. You will then be taken to their website, where you’ll have to log in, before then choosing how much money to deposit. You will also need to choose whether to fund the deposit using money that is currently in your e-wallet, or whether you want to pay directly using a credit or debit card linked to the e-wallet account. Once the payment has been confirmed, the money will be transferred immediately to your casino account.
If you have a Mastercard – either a plastic one or a virtual one – you should use it like any other MasterCard. Just select the relevant depositing option and then provide the details they request. Providing the transaction is successful, the money will be placed into your casino account almost straightaway.
Casino Withdrawals
Your e-wallet can also be used to withdraw money from your account. If you’ve used a different type of e-wallet before, such as PayPal, you’ll probably be pretty familiar with the process. It starts with you selecting the withdrawal option from the list, before then entering your e-wallet details, as well as how much money you want to withdraw. Once you have submitted this, you’ll usually find that the casino takes a couple of days to process the transaction, before then releasing the money to your e-wallet account. It really is a simple and hassle-free process!
If you have deposited using one of the company’s MasterCards, you won’t be able to withdraw in the same way. This means that you’ll need to pick an alternative withdrawal option. This could be an e-wallet or a debit card, or one of the many other options.
Advantages
Paying using this method is really easy, which is why so many casino players use it. Once you’ve set up your e-wallet, depositing is simply a case of filling in a couple of details and then clicking a button. After this, the money will be transferred really quickly. There’s no messing around or waiting when you use this online casino depositing method! The same can also be said for withdrawals, as they are also really easy to complete.
Depositing using this e-wallet is also really safe, as you’ll never need to input your card details at any online casino – something that ensures they can’t be stolen by a third party. In this world, many people are understandably concerned about giving out their banking details online, and this method helps to get over this issue.
This payment method is also a great way to get around Russia’s laws against online gambling. It’s not possible to pay using a standard credit or debit card, as payments to casinos are blocked. Yandex can be used to make payments of this type though. Of course, you play at your own risk if you choose to ignore the laws in Russia surrounding online gambling though.
The fact that withdrawals can also be made using this method also has to be an advantage, as it ensures that players can keep better track of their online gambling income and expenditure. Some other depositing methods don’t offer withdrawals, which complicates things slightly for players. Please remember that not every casino will allow you to withdraw using this method though, so please check this before signing up with the site.
Lastly, you’ll be able to claim loads of great bonuses and promotions when using this e-wallet – unlike those who use Neteller and Skrill, two similar services. Bonuses are a really important part of the casino experience, so it’s easy to see why this payment method is so popular. Some of the bonus types you’ll be able to claim include big welcome bonuses and great free spins. If you love getting bonuses, this payment method really is a fantastic choice.
Disadvantages
The main disadvantage of this payment method is the fees. The fee you will pay depends on how you fund the wallet. Those using a credit or debit card to do so will pay a 1% commission, which we actually think is pretty reasonable. Those funding their account using direct carrier billing will have to pay a much higher amount though. The exact amount depends on the specific carrier used. There’s a 3% charge for funding the account with QIWI or WebMoney. If you’re careful though, you can fund your account for free. For example, adding funds to the account using a Sberbank ATM won’t see you getting charged.
The other disadvantage is the fact that this payment method is only offered to Russians – those from any other country can’t use the service. This clearly means that a huge number of people can’t deposit using this method at an online casino. Don’t worry much about this though, as there are loads of other similar services, which can be used by players from a massive variety of different countries.
FAQs
Is this a popular payment option?
Yes, it is hugely popular in Russia, where a third of all internet users have an account. What’s more, around 18,000 new accounts are created every day. This makes this method one of the most popular in the country.
How does it compare to other depositing methods?
If you’re in Russia, you’ll find that the majority of payment methods can’t be used to fund a casino account, however, this isn’t the case when it comes to Yandex. The fees are higher than other depositing options though. Like other options, deposits are instant.
Why hasn’t my deposit worked?
The most likely reason for a failed deposit is that you have input details incorrectly, so you should check this before worrying. If the problem persists, it is likely that you don’t have enough money in your e-wallet or bank account, or there could be a problem with the system.
What’s the maximum I can deposit?
When you initially sign up, the most you’ll be able to deposit is 15,000 roubles. This changes once you’ve provided your passport details though, as the deposit limit goes up to 250,000 roubles, which is a big incentive to share your passport details.
Why is this payment method so safe?
The main reason why it’s so safe is the fact that you’ll never have to input your card details at an online casino. There’s also the fact that this is such a large company, therefore meaning they can spend huge amounts of money keeping their customers safe.
All Casinos accepting Yandex / yoo money
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