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SPEI in Mexican Casinos
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This page is for players in Mexico who want to use SPEI at online casinos. SPEI is the interbank electronic payment system run by Banxico, Mexico's central bank, and it lets you send Mexican pesos between bank accounts within seconds. Online gambling in Mexico is allowed only through operators with a permit from the Ministry of the Interior (SEGOB), and local payment methods are limited, so SPEI is offered at many Mexican-facing sites. Read on to see how it works and how to use it for deposits and withdrawals.
Online Gambling Regulation in Mexico
Land-based gambling in Mexico is regulated by the Ley Federal de Juegos y Sorteos, which dates from 1947. Casinos operate in Mexican cities, and gambling has a long history in the country.
The Federal Games and Draws Law (Ley Federal de Juegos y Sorteos) dates from 1947, and its 2004 regulations opened the door for online gambling by allowing it as an extension of land-based permits issued by SEGOB. The Ministry of Interior began accepting applications as soon as the market got the green light. Among the first to obtain a permit to offer online gambling after obtaining a license were already-licensed land-based operators, who wanted to expand their operations online. Many offshore operators penetrated the market too, partnering with Mexican brands, as did software developers.
In a short time, the market was booming and it never stopped, and global operators set up their operations in Mexico. International online casino sites remain easy to reach, but the legal framework is under review: the Ministry of the Interior has drafted a new gambling law and Congress has called for a public register of permits, so rules may change. For now, choose a licensed site that accepts Mexican players and check that it holds a SEGOB permit or one linked to one.
Choosing a casino site that holds a permit from the Ministry of the Interior gives you more protection than an unlicensed one, although a permit does not guarantee every outcome. Licensed casinos offer games from software developers such as Pragmatic Play, Evolution, Games Global and Yggdrasil, with table games, live casino, poker and slots.
The other thing to consider is the method you will use to fund your online casino account and cash out winnings. A local payment option is SPEI, the interbank electronic payment system of Banxico (Banco de México). It began operating in 2004, the same year as Mexico's online gambling regulations, and many Mexican residents know it from everyday bank transfers. See our SPEI overview.
SPEI is used for transfers in Mexican pesos (see our currencies guide). Whether a casino offers SPEI for deposits, withdrawals or both depends on the casino, so check the cashier. Read on to learn how it works.
Using SPEI Across Mexican Online Casinos
Banco de México (Banxico) designed and operates SPEI, the Sistema de Pagos Electrónicos Interbancarios, which connects Mexican banks. It began operating in 2004 and lets people send payments between banks and to merchants.
The system is based on digitally signed messages, using Banxico's Public Key Infrastructure, so the sender and the receiver must use digital credentials and authorised certificates. A payment order contains information about the sender and the receiver. Anyone with a Mexican bank account can use it, but the fees and limits are set by their bank, so check your bank app.
Banxico describes SPEI as a system that lets the public make electronic payments within seconds. It operates 24 hours a day, 7 days a week, and the receiving bank credits the transfer to the recipient's account, so funds can reach the account in real time. See Banxico's SPEI page.
To use SPEI you need an active bank account in Mexico with online banking or a bank app. At a casino, you make a payment order from your online banking: enter the casino's details (the CLABE account number or reference the casino shows), set the amount and send the transfer. The casino credits your balance when it receives and confirms the payment. We take you through the steps in the next section.
Casinos for Players from Mexico that Offer SPEI
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Depositing and Withdrawing with SPEI
If you would like to use SPEI, first find a licensed casino that offers it. Register an account with that casino by providing the required personal details such as your name, phone number or email. Then follow these steps to make a deposit with SPEI:
First, find yourself a decent online casino that accepts it. Register an account with that casino, by providing the required personal details like name, phone number, or email, for instance. Then, follow these easy steps to make a deposit with SPEI:
Withdrawals with SPEI depend on the casino, and they work somewhat differently from deposits. When the casino approves the request, it sends the funds to your bank account by SPEI transfer.
To request a withdrawal, find SPEI on the list of accepted Withdrawal Methods on the Cashier page, if it is listed, and select it. Enter your bank account details (such as your CLABE) and set the amount you wish to withdraw. The operator reviews the request, and after approval the funds are sent to your bank account. How long this takes depends on the casino and your bank.
Conclusion
SPEI is Mexico's real-time interbank transfer system, operated by Banxico. Where a licensed casino offers it, you can pay from your bank account in pesos. Transfers are normally final once confirmed, and your bank sets fees and limits, so check them, and check the cashier for withdrawal options.
FAQs
What is SPEI?
SPEI (Sistema de Pagos Electrónicos Interbancarios) is Mexico's real-time interbank transfer system, operated by Banco de México. It is a central-bank system, not a company or an e-wallet.
Is SPEI available 24 hours a day?
Yes. Banxico says SPEI operates 24 hours a day, 7 days a week. Your bank's app and the casino's confirmation steps may still affect how quickly funds appear.
Can I withdraw casino winnings by SPEI?
It depends on the casino. Check the Withdrawal Methods on the cashier page to see whether SPEI is listed.
Does SPEI charge fees?
Banxico does not set one fee for players: banks set their own fees and limits for SPEI transfers, so check your bank app.
Other ways to pay in Mexico
We also review these payment methods for players in Mexico: SafetyPay, AstroPay Card, Bank Wire Transfer and Paynet.