Paynet in Mexican Casinos

Mexico has grown to be one of the most powerful online gambling markets in LatAm, but despite that, not many local payment methods are offered across sites that are licensed to operate on the market. Luckily, Paynet is, and that’s all Mexican players actually need. This local payment platform is incredibly popular in Mexico, and that's why operators licensed to offer their services to Mexican players make sure to list it as an accepted payment method. In fact, the solution is convenient for operators and players alike, as it allows for easy and safe transactions in the local currency. Therefore, if you are a Mexican player who would like to give it a try at a top Mexican online casino, continue reading to find out all about it. What is Paynet and why choose to use it at a Mexican online casino?

Online Gambling Regulation in Mexico

Mexico offers a legal land-based gambling market. The country legalized gambling on a federal level back in 1947, and players from the country have been able to enjoy their favorite casino games across over 300 gambling establishments ever since. The law that the country introduced back then to regulate the industry was the Ley Federal de Juegos y Sorteos. This law remained intact until 2004, when the authorities legalized online gambling, too.

As of 2004, the Federal Games and Draws Law is the main piece of legislation. The Ministry of Interior is the regulator in charge of accepting license applications and licensing operators for running online casinos in Mexico. So far, the regulator has been granting licenses to operators who already had active land-based licenses and operations. But that doesn’t mean that it neglected remote operators. On the contrary, prominent and powerful international operators like Betsson and Ladbrokes, for instance, have teamed up for Mexican operations with Mexican companies to operate on the market, too.

This actually prompted the authorities in 2013 to make some changes to the current laws to clarify things even further, but to this day, changes have been postponed and there are no amendments to the laws. So, at the moment of writing, you should know that as a Mexican player, you are free to join any online casino you want. Even offshore sites are not out of reach; you can join them, too, if you wish to, without getting punished for it.

Licensed sites are better, of course, as they provide proper player protection, but your choices are limitless, as offshore sites are not blocked. At your own risk, you can even access international online casino sites that accept Mexican players. The choice of online casino games at your disposal, across both local and international sites is, of course, immense, so you'll surely get to try slots, table games, video poker, and Live Casino games, to name some, delivered by the most well-respected software developers in the industry.

Therefore, knowing that you’ll surely have enough casino sites to explore, you should focus on finding the ideal payment method to use for your online casino transactions. Now, as you start exploring sites to join, you will notice that not that many local payment methods are offered across sites that accept Mexican players. However, as of 2020, there’s one that has certainly made a boom on the Mexican banking scene. Launched by OpenPay, one of the largest Mexican payments companies, the payment platform Paynet emerged across Mexican online casinos. From the minute it appeared, its popularity never ceased to increase, thanks to all the options it provides players with.

This is a local payment platform that collaborates with all Mexican banks and retail stores to connect both bank and unbanked Mexican users to a huge number of partnered eCommerce sites to offer them effortless transactions in the local currency, the Mexican peso. As such, it is a massive hit with Mexican online casino players, as in just a few taps on their devices, with it they can make effortless transactions across so many online casino sites. There’s so much more to it, so if interested in learning, make sure you continue reading, as in the next section, we’ll tell you everything we know about it.

Using Paynet Across Mexican Online Casinos

We already mentioned that Paynet is a rather new online payment solution, given it was launched in 2020. But, the company behind it is certainly one with a decade-long experience on the banking scene. OpenPay has been around since 2014, working hard to ensure that Mexicans have the most convenient payment methods at their disposal. Today, it is a company that has over 500 employees, all working towards a better tomorrow.

When the company launched Paynet, it had one goal: to make it possible for Mexicans to use cash online. That’s why it made sure to partner up with over 30,000 stores where users can go in order to deposit cash and have it digitalized. It has also ensured to have all Mexican banks in its network, therefore no matter if a user is banked or not, they can still use its excellent service. Looking to expand local offerings in LatAm, the solution has partnered up with so many leading alternative payment methods in the country, not only Mexican banks and stores for depositing cash. With that, it has ensured that all users get the most pleasant experience when using its service.

Now, let’s see how to get started with it. The first thing you need to do is find yourself a nice Mexican online casino to join, which accepts Paynet. That would mean that the operator has a registered OpenPay account and a bank account with a Mexican bank, and has enabled the service. After you register an account with that casino, you will need to go to the Banking page to request a deposit, in the amount of your preference. A reference or a payment code will be generated. You will need to save it on your mobile device to take it with you to one of the partnered stores. Head over to the solution’s official website, and on the map of stores, you will see so many well-known brands like Kiosko, 7Eleben, Walmart, Waldo's, and SYStienda, to name a few. Choose the one that’s the nearest to your location and visit it.

As you get to the store, show the cashier the generated code on your mobile device. Give the exact amount of cash for the transaction to be processed successfully. The cashier will enter it in the OpenPay system and the transaction will be sent directly to your online casino operator’s bank. At the same time, the funds will automatically become available on your casino balance.

Since you’re basically depositing with cash, it goes without saying that you’ll be depositing in your local currency, the Mexican peso. So, if you’re ready, let’s see the solution in action across Mexican online casinos, in the following section.

Depositing and Withdrawing with Paynet

Even though we basically explained the steps for depositing when we talked about getting started with the solution, in this section, you’ll see the step-by-step procedure in detail. It is important to know here that Paynet is offered across all top Mexican online casinos, so as soon as you start exploring for sites to join, you’ll get several potential sites in just a few seconds of your search.

After you decide on the site to join, register a player account with it. Provide the required personal info, and right after that, to fund your account with Paynet, follow these easy steps:

1. Enter your registered player account and head over to the Banking page.
2. Find Paynet on the list of Deposit Methods and select it.
3. Specify how much you wish to deposit and wait for the reference or payment code.
4. Print it or capture it with your mobile device.
5. Take it to the nearest partnered store and show it to the cashier.
6. Complete the transaction by giving cash to the cashier.
7. The funds will instantly arrive on your casino balance.

As you probably gathered by now, withdrawals with Paynet are not possible. This is a solution that digitalizes cash for payments and purchases and does not work the other way around.

However, you’re in luck, because the top Mexican online casinos that offer it give you excellent payment methods for withdrawals. You have the local options like CoDi and SPEI to use for cashouts, as well as global eWallets and cards, even cryptocurrencies, so just choose the one to go with and you’ll be able to cash out your winnings conveniently.

Conclusion

Paynet gives Mexican online casino players the chance to make smooth and safe deposits in cash across a great number of legit Mexican casino sites. Transactions with it are processed in the local currency, free of any fees, and effortless to make. As a Mexican player, you won’t find a more convenient solution to use for depositing, so do not hesitate to try it the next time you wish to play at a Mexican online casino.