Payeer: Top Payment Method in Canada (2024)

Author: Kayleigh Williams,

payeer-casino-logo payeer-casino-logo

Launched in 2012, Payeer doesn’t have as much experience in the field compared to other casino payment options but it’s already available in over 100 countries. Its security, anonymity, speed, and multi-currency support are some of the reasons it stands out as a preferred banking option for many Canadians. In this review, we’ll guide you through some of the best features of this e-wallet and how you can use it.

 

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🏆 Payeer Payment Method for Canadian Players

When it comes to recommending the best offers at real money casinos in Canada, payment methods have remained a key part of our assessments. Unfortunately, not many Canadian online casinos accept Payeer as a payment method, but we’ll update this page as we come across them.

This means you won’t find any free spins offers, match bonuses, cashback deals, or any other casino bonuses to claim on this page. Here are some of the main points we’ll discuss in this Payeer casinos review.

  1. ✅ What is Payeer?
  2. ✅ How to Use Payeer
  3. ✅ Pros and Cons of Payeer

❔ What Is Payeer?

Payeer is an electronic wallet that is used to make online payments, transfer money internationally, and exchange currencies. Launched in 2012, this digital wallet is now available in 127 countries. Since its launch, Payeer has become a safe and easy-to-use e-wallet for storing, transferring, and exchanging currencies online.

When it comes to currency exchange, you can exchange fiat currency for virtual currency, virtual currency for fiat currency, and virtual currency for virtual currency. The e-wallet supports several fiat currencies and cryptocurrencies, including popular ones like Bitcoin, Bitcoin Cash, Etherium, Litecoin, Tether, Ripple, Dogecoin, and Tron.

Thanks to its multi-currency support, security, and speed, some casino players now use Payeer for depositing and cashing out at online casinos. Payeer casinos aren’t that too common in Canada as this is not as popular as other payment methods out there.

📑 How to Open an Account at Payeer?

Before you can make payments at real money casinos that accept Payeer, you’ll have to create an account first. Luckily, the Payeer account creation process is easy and can be completed in just a minute. Here’s a quick set-up guide to follow:

  1. Visit the official Payeer website and click on ‘Create Account’.
  2. Enter your email and provide the confirmation code sent to the email you provided. You can skip the verification and complete it once you log into your account.
  3. Create a password for your account, choose a secret code, and enter a name for your account.
  4. Enter your name, select your country from the list, and click ‘Done’ to create your account.
  5. Once you’re in your account, download the text file that contains your login credentials and store it in a safe place.
  6. You can now top up your Payeer account using fiat or cryptocurrency to start depositing funds into your casino account.

💳 How to Deposit to Online Casinos Using Payeer

With your Payeer account up and running, it’s time to make your first casino deposit. Before we jump into the process, you’ll need to create an account with any of the few Payeer casinos Canada real money sites out there. Unlike other e-wallets like Skrill and Neteller, Payeer deposits are usually eligible for casino bonuses. Once you have chosen a casino, here are the steps you should follow:

  1. Sign in to your casino account.
  2. Head to the Cashier section and select Payeer as your payment method.
  3. Log into your Payeer account when prompted to link your Payeer account to your casino account.
  4. Enter the amount you wish to deposit.
  5. Review the information you’ve provided and if everything looks good, confirm the payment.

Your deposit should be reflected in your casino account instantly or within a few minutes.

💵 How to Withdraw from Online Casinos Using Payeer

One of the good things about Payeer is that it also supports withdrawals. So, if you’re lucky enough to win while playing your favorite casino games, you can cash out your winnings directly into your Payeer account. Withdrawing at Payeer online casinos is just as easy as depositing, and this is how to go about it:

  1. Log into your casino account and head to the Cashier section.
  2. Select the ‘Withdrawal’ option and choose Payeer as your withdrawal method.
  3. Enter the amount you wish to withdraw. Ensure it’s within the casino’s withdrawal limits.
  4. Review the information you’ve entered and confirm the withdrawal.

Withdrawal requests from online casinos accepting Payeer don’t take long to process. Once the casino approves your request, the funds should arrive in your Payeer wallet almost instantly or within a few days.

👍👎 Advantages and Disadvantages of Payeer Casino Payment Method

As with every other payment method, playing slots online or other casino games at Payeer gambling sites comes with benefits and drawbacks. Let’s take a closer look at them:

Advantages of PayeerDisadvantages of Payeer
✅ Supports deposits and withdrawals ❌ Not many casinos support Payeer
✅ Works with fiat and cryptocurrencies ❌ Fees for certain services
✅ Eligible for casino bonuses
✅ Fast and secure transactions
✅ Supports 150+ payment methods

🏦 How we Rank Payeer Casinos

Not every online casino that accepts Payeer is safe to join and play. That’s why our experts spend hours reviewing the best online casinos for you. In the list below, you can see the main criteria we use when reviewing and recommending online casinos in Canada.

  • Safety & Security
  • Speed of Payment
  • Customer Support

Safety and security are the first and most important factors we consider during our review process. Before recommending an online casino, the first thing we check is whether it’s licensed by a reputable authority. This is important because it shows that the casino is subject to strict regulations and complies with gambling laws. Gambling in Canada is regulated by the Kahnawake Gaming Commission while iGaming Ontario and the Alcohol and Gaming Commission of Ontario (AGCO) are responsible for overseeing gambling in Ontario. We only recommend platforms that hold a valid license from one of these regulatory bodies to ensure you’re playing in a regulated environment.

Whether you’re depositing or cashing out your winnings, speedy transactions are something every player wants. So, it makes sense that we only recommend casinos that offer fast payments. To make it to our list, the casino must offer instant deposits and near-instant withdrawals via the same method. Sometimes, it might take up to two days for withdrawals to go through which is okay. If it takes longer than two days, that casino doesn’t earn our recommendation.

When playing at an online casino, you should have access to reliable support, even at the best online casino Canada has. If you have a question or encounter an issue while playing, the casino should offer multiple support channels you can use, such as email and live chat. It should also have an FAQ page that covers a good range of topics. The best casinos go a step further by providing phone support. Beyond the support channels, we also check that the casino offers 24/7 support or at least for most of the day.

🆓 Is Payeer Free to Use?

Most Canadian casinos don’t charge fees for using Payeer as a payment method. However, Payeer does have fees for performing certain operations. For example, Payeer charges between 0% and 5% fees for deposits and withdrawals, depending on the payment method you use and your country of residence. There’s also a fee of 2% on all currency exchange transactions. If you decide to request a virtual Mastercard, you’ll incur a small fee for card issuance.

🔐 Is Payeer Safe and Secure?

Payeer is one of the safest and most reliable payment methods you can use for your online casino transactions. It uses two-factor authentication which requires that you confirm any transaction on your mobile device before it’s processed. Your transactions are also end-to-end encrypted, making it difficult for unauthorized users to gain access to your Payeer account and funds. One of the best things about this payment method is that you don’t need to enter your banking details at an online casino to make a deposit or withdrawal, as it is with most e-wallets.

📲 Payeer Casino Mobile App

Unlike some payment methods, Payeer offers a dedicated mobile app that is available for download on iOS and Android devices. The app allows you to make online payments even easier and authenticate transactions. Most online casinos that accept Payeer also have mobile-optimized sites that are built with HTML5 while others offer a mobile app you can use as well. Every app has its good and bad sides. We’ve summarized the pros and cons of the Payeer app in the table below:

Pros of Payeer AppCons for Payeer App
✅ Faster payments ❌ Fees for certain operations
✅ Two-factor authentication
✅ iOS and Android-friendly
✅ Authenticate transactions faster

🏦 Alternative Payment Providers

Despite the many benefits of Payeer, you might find the transaction fees a little off-putting or your chosen casino might not offer this option. In either of these cases, you might have to use another banking method. Luckily, there are many alternative payment methods you can use for your online casino transactions. Here are our top Payeer alternatives:

  • Skrill: Skrill is regarded as one of the safest e-wallets. Available in over 100 countries, it offers speedy withdrawals that typically take between 24 to 48 hours. However, it’s not eligible for casino bonuses.
  • Neteller: Neteller is an easy-to-use, secure, and fast e-wallet solution. While it offers instant deposits, withdrawal fees may apply and most casinos don’t offer bonuses for Neteller deposits.
  • PayPal: PayPal is currently the most popular e-wallet and is available at most online casinos. Its appeal lies in its extensive global reach, top-notch security, and instant transactions, but you might be able to claim bonuses with this option at some casinos.

⚖️ Our verdict on Payeer Casino Payment Method

Despite not being as popular as other e-wallets, Payeer is a reliable payment method for online casino transactions. It works with many cryptocurrencies and supports a few fiat currencies in 127 countries. The banking method doesn’t just support deposits and withdrawals but also has a dedicated mobile app that works on Android and iOS devices. While not many online casinos accept this payment method, you’ll be eligible to claim bonuses when using Payeer at the few casinos that support it.

The biggest downside of this banking method is that you might incur charges for currency conversion and deposits and withdrawals. Apart from these, Payeer is a payment method worth trying for any Canadian player.

❓ Frequently Asked Questions About Payeer Casinos

What is Payeer?

Payeer is a digital wallet that allows you to make online payments and transfer money without using banking account details.


Can I use Payeer at online casinos?

Yes, you can use Payeer for deposits and withdrawals as long as the online casino supports it as one of its payment methods.


How long do casino transactions take when using Payeer?

Deposits with Payeer are usually instant. Some withdrawals might be instant but, in most cases, they could take up to five business days after approval.


Is Payeer secure to use when gambling online?

Of course! Payeer is one of the most secure payment methods out there. It uses advanced security measures to protect your data and transactions. However, it’s important to ensure that you’re playing at a licensed and regulated online casino.


Are there any fees for using Payeer at online casinos?

Most casinos are likely not to charge you for using it. However, Payeer charges fees for deposits/withdrawals and currency exchange.


kayleigh-williams-1.webp

Kayleigh reviews online casinos and sportsbooks while coordinating training initiatives for new recruits at Casimoose.ca. She excels at sharing her love for the iGaming industry and puts her past experience to good use. With a background working for the biggest gambling brands online and a strong analytical ability, Kayleigh developed a natural gift in breaking down each component of online casinos, betting sites as well as their offerings and hasn't looked back. Outside of Casimoose, she's a proud Ontarian with a love of sports and entertainment.

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