Having a good range of alternative payment methods you could use at an online casino is a must, especially global solutions like PayDo, which can be used by players from all around the world. There are many similar solutions to it, but what this global eWallet shines in is its user-friendliness. Sure, most eWallets are easy to set up with, but not as easy and as effortless as this one. There are so many other perks it offers, so if interested in knowing more about it, make sure you stay with us. We'll share as much information as we have on it so that you can start using it right away, across the various online casinos that are offering it already. Given its current popularity with players, the number of sites that offer it will certainly grow, so you'll get an even bigger choice of sites to consider joining. Why select PayDo as your payment method at an online casino?
About PayDo
We introduced PayDo as one of the most user-friendly eWallets out there, and we meant it. If you visit its official website, you will see that it has information on every aspect and gives you step-by-step instructions and explanations on how and why to use it. But since it is our job here at WoO, to facilitate the getting started process for you, we'll take you through the most important details you should know about it.
First things first, a bit about its background. The solution was launched by a FinTech company based in Essex, England. Called eCommerce Technologies Ltd, the company made sure to get authorization from the FCA in the UK, to offer payment services under the 2017 Payment Service Regulations. The company has registered offices in Vancouver, Canada, too, and that’s why it managed to secure its authorization by the Financial Transactions and Reports Analysis Centre in Canada, too. This tells us that the solution is exceptionally secure and safe to use.
Now, about its user-friendliness. You will need to create an account with it in order to use it, and let us tell you right away that that would be free of charge. Transactions with it will also be fee-free and processed instantly, in a matter of seconds. This makes the solution not only user-friendly but cost-efficient, too. Once your account is ready, you need to fund it with some of the world's most popular payment methods, as you will soon learn. The solution expanded the range of currencies users can hold and use, from the 12 in the beginning to 24 at the moment of writing, so your native currency might also be in play. You will certainly be able to receive, send, and exchange money online in 24 currencies today, without much effort.
When it comes to the services the solution offers, you have virtual and physical cards, international money transfers, local and global money collection, and so much more. That’s the main reason why the eWallet is getting the recognition it deserves across so many industries, the online gambling industry included. More and more online casinos are adding it to their Banking pages, as it allows for smooth deposits and withdrawals in many currencies and it is really inexpensive to use, for both players and operators. No matter where you’re from, you’ll be able to use it, with some exceptions, of course, so in case you wish to get started with it, follow our lead, as in the next section we’ll tell you exactly how to do it.
Getting Started with It
Given the fact it is offered all around the world, you can use it regardless of your country of residence. There is a list of prohibited jurisdictions, though, but the list of accepted countries surely surpasses it. So, it is safe to say that it is globally offered. As long as you open a remote account with it, you can use all of the services it offers.
On that note, to actually create the account, go to its official website and press the Sign-Up button. Fill out the application form that appears with the required personal details, and proceed to verify your identity. With that, your account will be ready to be used. You will get to hold multiple balances in any of the 24 currencies offered, as soon as you fund the account with money.
To do that, you can use many different solutions. SWIFT transfers are an option, but so is BACS bank transfer, given the fact the eWallet is based in the UK. Other options would include Faster Payments, Target2, SEPA transfers, and VISA and MasterCard. Now, although registering an account is free and no maintenance fees apply, fees will apply depending on the method used to fund the account. You can check the Pricing List for a Personal Account page, to learn all about the fees involved with the method you wish to use.
The minute you decide on the method and fund your account with money, you become ready to use your eWallet. We mentioned that the solution is already offered across a number of sites you could join, so just stick with us as we walk you through the steps you’d need to take to get started with it at your chosen casino.
How to Deposit at Online Casinos with PayDo?
PayDO is an option for deposits and withdrawals across many online casinos, 888StarzBet included. It may not be as popular and available as other eWallets of its type, but it surely is on the right track to become a player-favorite solution in the years to come.
So, the first thing you need to do is check out a few sites that are already offering it and create a list of potential candidates. Narrow down the list and choose your winner. Register an account with the casino you chose, and to fund your registered player account with PayDo, go through these steps:
Go to the Banking page once you access your player profile.
Find PayDo’s logo among the accepted Deposit Methods.
Press it and you’ll instantly be redirected to a new tab.
Use your credentials and access your eWallet account.
Specify how much you wish to transfer and confirm.
The money will land on your balance in an instant.
How to Withdraw Winnings with It?
We made it perfectly clear already that the eWallet can be used for withdrawals, as well. The minute your withdrawal is approved, the money will go directly to the payment method you choose from the ones offered on the eWallet account.
To request a withdrawal, follow the same steps. Go to the Banking page, select the solution from the Withdrawal Methods list and in the pop-up, just enter the amount you wish to cash out. Then, in 24 to 48 hours (as that’s how long it usually takes operators to review the request), upon approval, the funds will reach the selected account/card.
Fees and Limits
We said that to create an account with the solution, you won’t need to pay a cent. We also mentioned that there are no maintenance fees, but that there are fees related to the payment methods you’ll be using for topping up your eWallet and cashing out money from it.
You can check the Pricing List page in detail, but to save you some time, we will share some of the fees with you here. The bank transfers mentioned come with no fee, but topping up your account with a card comes with a 3.4% fee. To cash out money from the eWallet account, the same card fees apply, and a 0.5% fee for SWIFT and international transfers, as well as a 0.1% fee with Target2 and Faster Payments.
Receiving and sending money from and to the eWallet for PayDo users is fee-free, therefore, you can sit back and relax knowing that your deposits and withdrawals won’t be subject to fees.
Allowed Countries
Unless you’re from a prohibited jurisdiction, as listed on its official website, you’ll be 100% eligible to use the eWallet.
At the moment of writing, there are 29 prohibited countries in total, like Venezuela, the Russian Federation, the USA, Korea, Cuba and Belarus, to mention a few. So, if a player from Canada and the UK, of course, but also countries like Germany, Sweden, Italy, and Spain, countries with legal online gambling markets, you can rest assured that you'll be able to use it.
Accepted Currencies
We will go ahead and list all of the supported currencies with the solution, all 24 in total so that you know exactly your options.
The US dollar, the Polish zloty, the Swedish krona, the Romanian leu, the Norwegian krone, the Czech koruna, the euro, the Danish krone, the UK pound, the Hungarian forint, the Canadian dollar, and the Swiss franc were the 12 currencies offered since day one, but 12 others were added, as mentioned.
These 12 new ones are the United Arab Emirates Dirham, Australian dollar, Bulgarian lev, Bahraini dinar, Chinese yuan, Hong Kong dollar, Israeli new shekel, Japanese yen, Mexican peso, Singapore dollar, Turkish lira, and South African rand.
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Who do I get in touch with in case I have a problem with my PayDo deposit at an online casino?
You should not hesitate to get in touch with its Customer Support agents, via the email address support@paydo.com or the on-site contact form. Check out the FAQs page on the Help Center page, too. But if the problem occurred on the casino’s part, get in touch with the casino’s Support team.
Can I hold cryptocurrencies on my eWallet account?
No, not really, no. The eWallet offers bank-related services and is authorized to offer these services by respective financial authorities in the UK and Canada. Decentralized assets, cryptocurrencies, are not an option, therefore.
Do I need to pay fees if I wish to close my PayDo account?
No, not at all. If you request a closure, and your account was not closed by the company due to some irregularities, no fees will apply. But if you happen to make some irregularities, fees will apply, depending on the severity of the situation.
Can I contact the solution’s Support team via phone?
No, not really. The only options to get in contact with its Support team are the email address and the on-site contact form. You also have the Help Centre to explore in case you wish to find answers to some of your questions on your own.
Does PayDo have a social media presence?
It sure does. This eWallet is all about modernizing online transactions, and since social media is the medium to promote such things, it surely is active on Twitter, LinkedIn, Instagram, and Facebook. Do not hesitate to start following one or all of its profiles to be up to date with everything it posts.
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