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Even though Mexico is one of the most successful online gambling markets in Latin America, rare are local payment methods like Paynet across the online casino sites that operate on the market. This solution, on the other hand, is quite popular across Mexican online casinos, for many reasons. The main reason, of course, is its well-established reputation across all kinds of industries in the country, but the fact that with it, Mexican players can enjoy conversion-fee-free transactions only sealed the deal. Today, the solution is among the top preferred options for players and operators alike, so if you wish to know more about it to eventually start using it as your payment method, make sure you stay with us, as we'll tell you everything we know about it. What is Paynet and why use it as your payment method at a Mexican online casino?

About Paynet

It was not that long ago when one of the biggest Mexican digital payment companies launched Paynet. In fact, it was only in 2020 that the payment platform went live and changed the way online payments are processed in the country. OpenPay, the company behind it has been operating for a decade, being launched in 2014, and today, has over 500 employees, all working hard to ensure the platform is functioning as spotlessly as possible. What the platform does, though, is facilitate online transactions for Mexican users, by allowing them to use cash online. It is part of one of the biggest networks in the country, allowing users to visit one of over 30,000 partnered stores to deposit cash and use that money for online payments and purchases whenever it suits them.

That’s one of the reasons why Mexicans love it and continue using it, which further contributes to its popularity and its leading position in the Mexican market. It connects Mexican users with countless partnered eCommerce sites and facilitates their lives on a daily basis. What happens is, that the user needs to select it as their payment method on the eCommerce site and request a transaction, and immediately after that, a unique code is sent to the eCommerce site. After the user visits a partnered store, they need to pay in cash, and immediately after, the partnered store completes the transaction and pays the eCommerce site via their registered OpenPay account.

All Mexican banks are part of its network, so regardless of the bank the eCommerce site has an account with, the partnered store will be able to successfully send the money to its bank account in no time. That is the reason why the solution is so popular with operators based in Mexico; no matter the bank the operator has an account with, they will be able to successfully receive deposits from players with this solution. Mexico makes changes to laws regarding online gambling frequently, to make sure the industry runs smoothly, but as a Mexican player, you can rest assured that you can legally access any online casino licensed in the country. And, across most, if not all, such licensed casinos, you will certainly find Paynet as an option for deposits. So, continue reading to find out how to get started with it, to eventually start using it as your payment method at a Mexican online casino. 

Getting Started with It

As you would assume from what you read previously, Paynet is incredibly easy to get started with and use. There are some simple steps you need to go through, which we briefly explained, so let’s go over them in detail now.

First things first, we need to clarify that in order to be able to use it, you need to be a Mexican citizen. The next thing you need to check on the list is to find an online casino to join which is based in Mexico and accepts the solution. With that, you’ll be certain that the operator is enabled to receive payments from Paynet, as they’ve registered an OpenPay account, and have a Mexican bank account.

So, as soon as you find such a site, you need to register an account with the chosen casino. The next step would be choosing the solution as your deposit method and specifying how much you’d want to deposit. You will then need to wait for the payment reference or code to generate. Capture it with your mobile phone or print it out to take it to one of the partnered stores. Among the more than 30,000 stores, we can mention 7Eleven, Kiosko, Waldo’s, SYStienda, and Walmart, but feel free to explore other options, stores in your vicinity. You can use the tool on its official website, Mapa Tiendas, to locate the nearest store to your location.

Once at the store, go to the store’s cashier and show the code. As soon as you give the cash, OpenPay’s system will take it from there and send the transaction to your chosen operator’s bank. The money will instantly become available to your online casino balance and you can start using it for your bets immediately.

So, basically, you'll be depositing cash at your chosen online casino, thanks to this amazing payment platform. Your credit card/bank account details will never be needed, therefore, if you're ready to give it a try, continue reading to find out exactly how. 

How to Deposit at Online Casinos with Paynet?

As mentioned, the laws in the country continue to change. When a decree is revoked in Mexico, a new one is introduced, all in hopes of making the industry as fair and safe for players and operators alike as possible. At the moment of writing, the industry is, however, completely legal, so you have no obstacles to start exploring sites to join, keeping in mind to look for sites that accept Paynet, as that’s mandatory.

10Bet Mexico, 1xBet, and Betsson are certainly great options to consider but feel free to explore other sites listed here at WoO, to find the casino you’d want to join. Register an account with it, and to fund it with Paynet, make sure you go through the following steps:

1. Access your registered player account and find the Payment Methods page.
2. Go to the Deposit Methods section and locate Paynet’s logo.
3. Press it and set the amount you wish to deposit in the pop-up.
4. Once the code is generated, capture it with your phone or print it out.
5. Visit the nearest store and pass the code to the cashier.
6. Give the cash to complete the transaction.
7. In an instant, the funds will be transferred to your balance via OpenPay’s system.

How to Withdraw Winnings with It?

The solution was designed for users to pay and make purchases online and for eCommerce sites to receive payments, not the other way around. What that means is that you won’t be able to make withdrawals with it.

You still have some great options to consider for withdrawals, local options like SPEI and CoDi, as well as global solutions like cards and eWallets, but not Paynet. The solution processes transactions in one way only.

Fees and Limits

It may sound unbelievable, but it’s true: no fees apply when using Paynet. You won’t need to waste a peso extra when making transactions with it.

Designed to make online transactions as effortless but also as cheap as possible, the platform works in your favor. Neither the company behind it nor the stores/banks charge users for making use of its service, so you can rest assured that your experience with it will be as inexpensive as it gets.

Allowed Countries

It goes without saying that Paynet is available only in Mexico. We made that clear from the very beginning and we mentioned no other country along the way.

You need to be a Mexican citizen and the operator you select needs to have a Mexican bank account and be a registered OpenPay user in order for you to be able to use it for your deposits. 

Accepted Currencies

The Mexican peso is the only supported currency with this platform, but that’s expected, considering the solution itself is only available in Mexico.

This goes to your advantage, considering that with it, you won't need to pay any conversion fees when depositing at the casino you chose, provided the casino supports pesos. So, you'd need to go to the nearest partnered store, pay for your deposit in pesos, and the funds will arrive in your balance in pesos. As simple as that! Don't forget to select the peso as your default currency when creating your online casino account, and that would be it: you'll get a completely fee-free experience with the solution.

Helpful links:

• Paynet official website