SafetyPay Online Casinos

Online casino operators are always striving to find convenient payment methods and offer them to their international player base, and, as of a few years ago, they have started offering SafetyPay, the e-payment method that facilitates transactions across over 100 banks worldwide. The solution offers its services all across Canada, Europe, the United States, and Latin America, and as such, it is super convenient for operators to offer to online casino players. Add to that the fact that it processes transactions in various currencies, and you can see why it is becoming a player-favorite payment method. Continue reading to find out more about it, in case you'd like to give it a try yourself. What is SafetyPay and why choose it as your payment method across online casinos?

About SafetyPay

Founded in 2007, SafetyPay began as an eCommerce payment platform designed to facilitate online transactions for banks, merchants, and online shoppers. The company behind it created software that offers real-time global payment solutions including eCash and bank transfer solutions as well as alternative methods (APMs) for users to make safe online transactions to and from eCommerce sites, paying directly via a local bank account or another point of sale, in the currency of their choice.

While initially catering to LatAm only, the company tapped into new international markets, and even though it caters to 17 countries in Latin America with over 180,000 collection points, today, it operates the largest network of banks and cash collection points all over the world. With its robust tech with an infrastructure that supports growth, the multinational financial institution is on a mission to encourage payment inclusion all across the world, via over 100 banks worldwide.

In 2021, the company was acquired by PaySafe, one of Europe’s most popular and trusted payment providers, the company behind other excellent payment solutions like Paysafecard, Skrill and Neteller, among others. The acquisition enabled SafetyPay to reach further markets and PaySafe to further scale in the LatAm region. SafetyPay retained its brand, but its popularity grew even further, and now, the two have enhanced long-term growth.

PaySafe continues launching innovative solutions for iGaming, therefore, you should not be surprised to learn that with the acquisition, SafetyPay’s name got heard and the solution received instant recognition from the online gambling industry. So, expect to see its logo displayed on the list of accepted payment methods across a great number of online casino sites that cater to international players, especially LatAm players. If it already spiked your interest, make sure you stay with us to learn how to get started with it and use it for seamless deposits and withdrawals in various currencies.

Getting Started with It

Now that you know a bit about its history, and you’ve learned that it is a non-card payment solution that enables online payments, cross-border transactions, and bank transfers, you probably gathered that you need to have an active bank account with one of the many banks in its network, in order to be eligible to use it. But the best part about it is that it also offers the eCash service, meaning that even if you’re unbanked, you can still place orders and pay for them with cash at a collection point.

Therefore, depending on whether you’re banked or unbanked, you can use the solution in one of two ways. Banked users have it the easier way, of course. If you are one, you will just need to select the solution on the list of accepted methods at your chosen casino, and then access your eBanking profile, hence your bank account, to complete the transaction in their local currency. Since this solution is a platform that connects you, your bank, and your casino, you won't need to register any new accounts to use it, if you're banked. Among some of the banks that support the service, we can mention Santander, Banco de Chile, BBVA Colombia, BCP, and HSBC.

Unbanked users have to go through a longer procedure, yet more than worth their time, since with this solution, even though they don't have a bank account, they can still send and receive cash online. So, they essentially need to visit one of the many collection points and give cash to the cashier to complete the transaction in their local currency. The online casino receives a confirmation in real time and the deposit is successfully completed. Among some of the collection points, we can mention Lider, Loterias Caixa, Efecty, Mastergold, Red Digital, 7Eleven, and AirPak.

So, now that you know the two ways in which you can start using it, it is time to see it in action at an online casino. Follow our lead as that's exactly what we'll share with you in the next section, the steps you need to take to successfully use the solution across any online casinos that are offering it.

How to Deposit at Online Casinos with SafetyPay?

Thanks to the PaySafe acquisition and emerging LatAm-regulated online gambling markets, SafetyPay's availability across online casinos that cater to global players and specifically want to accommodate LatAm players in the best way possible, has increased significantly. You will basically find it across any online casino that accepts LatAm players, and across so many other sites that target international players. Therefore, it won’t be difficult at the least to locate a site that offers it and join it.

In fact, to join a casino that offers the solution, you will need to share some basic personal details like email and name to register a player account. Once your account is ready, to fund it with SafetyPay, you will need to go through the following steps:

1. Head over to the Banking page once you access your registered player account.
2. Look for SafetyPay’s logo on the list of accepted Deposit Methods and press it.
3. In the new window, select one of the two ways to complete the transaction.
4. Set the amount you wish to deposit.
5. Depending on whether you’re banked or unbanked, follow the instructions we gave you in the previous section.
6. Complete the transaction and watch the funds arriving at your casino balance in real-time.

How to Withdraw Winnings with It?

Sadly, unbanked users cannot, but banked users can make withdrawals with it. Given the nature of the procedure for unbanked users, withdrawals are simply not possible; no operator would ever bother to go to a collection point to send you your winnings. But, they are more than willing to do that via a bank account.

Therefore, if you’re a banked player, you will need to select the solution from the list of accepted Withdrawal Methods and then set the amount you wish to cash out. Next, you will need to share the required banking details and confirm the request. As soon as the request is received by the operator and reviewed, which can happen in up to 48 hours, SafetyPay will make sure the money lands in your bank account in less than a minute.

Fees and Limits

Fees and limits will apply, of course, given how the solution functions. These would, however, depend on many factors, so before you conduct any transaction with it, you must first investigate more about them.

Whether you'll call your bank if banked, or the collection point you intend to go to to complete a payment, or you’ll simply want to get in touch with SafetyPay’s Support team, is up to you.

Allowed Countries

Having read what you have so far, you have probably gathered that the solution is still more oriented toward LatAm markets, even though it is globally available.

We mentioned that it is offered in Canada, Europe, and the US, but it is most popular across Costa Rica, Brazil, Chile, Peru, Ecuador, Colombia, Guatemala, Mexico, and El Salvador. So, if you're a player from any of these countries, you can rest assured that you'll be eligible to use it.

Accepted Currencies

Since all transactions with it are processed in the sender’s local currency, you can rest assured that as long as you’re eligible to use it, you will be able to use your native currency to make transactions with the solution.

Among the currencies that the solution supports are the euro, the Canadian dollar, the US dollar, the Mexican peso, the Colombian peso, the Costa Rican colon, and the Peruvian sol. It goes without saying that all of the local currencies of the allowed countries are your options, therefore, not only will you be able to play across online casinos using your native currency, but you will also avoid paying conversion fees if you manage to find yourself a nice online casino that supports that currency.

Helpful links:

• SafetyPay official website
• Payment options
• Banks and collection points