International online casino players may have a huge variety of payment methods to use, but none are as efficient and convenient as Perfect Money. This is an online payment processing service which allows users to transact using fiat currencies, but also cryptocurrencies and gold. Thanks to its next-generation platform, it allows you to craft your transactions as it suits you. That’s why it has become increasingly popular across online casinos, catering to players from all parts of the world. You’ll greatly enjoy using it, so if you’re ready to know more about it, stay with us. Why choose Perfect Money as your online casino payment method?
About Perfect Money
Launched in the US, Panama, way back in 2007, but currently headquartered in Zurich, Switzerland, Perfect Money is an incredible global payment processing service that you don’t want to miss out. We all know that Switzerland is one of the countries with the strongest economy in the world, mostly because it invests in gold, and is open-minded enough to have embraced crypto. That’s why it should come as no surprise to you that the solution we’re about to explore offers transactions with fiat currencies, of course, but also with crypto and gold!
A team of economists, programmers, financial experts and certified lawyers set down and gathered forces in order to create a solution that would literally bring the world together, offering the most efficient opportunity for users and businesses to move money online from one to another country, from any part of the world. Analyzing the market and studying all world-known payment systems already available across the globe, the team behind it made sure to craft it to combine all achievements, tech and progress of previous payment systems, to deliver the extraordinary payment solution that Perfect Money is to date.
What the solution does, therefore, is complete transactions in a convenient and above all, safe way. It uses AI technologies for online monitoring and user authentication performed by the service, and this ideal tool for security has been implemented thanks to the scientific research its expert team with years-long experience did.
Using an Identity Check tool, the solution keeps imposters from accessing your account. The device you’re using is the one that is identified each time you log in. In case you ever access your account via an unknown IP address, you’ll receive an SMS Authentication code to confirm it is you that’s logging in. You also receive a card via email, and using the CodeCard Protection measure, you’ll confirm the transactions you’re making with the solution.
Considering how secure and convenient the solution is to use, it is only natural that it has found its way into the online gambling industry. Even though compared to other leading payment solutions available across online casinos, Perfect Money has not reached its peak, it is slowly getting accepted across many casino sites. For now, you’ll find it across several Canadian casinos, though, so you can rest assured that you’ll have options if you decided to use it right away. Continue reading to figure out how to get started with it.
Getting Started with the Solution
We didn’t mention that Perfect Money actually offers two services you could use across Canadian casinos, the eVoucher and the eWallet. If you explored its website, you’ll learn how to get started with them, but we’ll give you the shortcuts here.
Now, you’d need to create an account with it to use any or both of its services. You should know that you could have several accounts, as long as you log in using the same IP address. You’d need to press the Signup button and in the new window, enter your phone number, email address, full name, country, city, postal code and address. Then, you’d need to choose whether you’d want to create a business or a personal account. Create a password containing both letters and numbers and re-enter it to confirm it. Accept the Terms & Conditions and your account will be open.
As said, you can use several fiat and digital currencies to fund your eWallet account, so Bitcoin, eCurrency, cash terminals, bank wire, and certified exchange services like MoneyGram and Western Union would be your options, but so will be the eVoucher.
To get issued with an eVoucher, you’d simply need to log into your account and select which account you’d want to use money from, and the value you’d want on your voucher. Paying a small fee, you’ll receive the card, along with the card number, the date of creation, the amount of money on it and the activation code. Since this is a normal eVoucher, you can use it even across casinos that don’t accept Perfect Money, so that’s a plus. Nevertheless, as soon as you make a deposit with it, the casino will receive the activation code and voucher number by SMS and your transaction will go through.
After you play at the casino and win something, to withdraw money from your account, you can use the eVoucher, Bitcoin, bank wire, eCurrency, but also MasterCard and VISA gift cards. Next, we’ll explore how the depositing and withdrawing processes will go using this solution.
Depositing and Withdrawing
As introduced, Perfect Money has yet to reach its peak when it comes to casino availability, but you’ll find it across a decent number of Canadian casinos already. Some options, reviewed here on our site are Casino Bull and Tsars Casino. Explore other options if you want, too, and decide on the casino you’d want to join. Create your account with it and you’ll be ready to make a deposit.
To use Perfect Money as a deposit method, you’d need to go through the following steps:
- Go to the casino’s Deposits/Cashier/Banking page.
- Look for Perfect Money’s logo and as soon as you find it, press it.
- In the new window, enter your account using your credentials.
- Enter the amount of money you’d want to deposit at the casino.
- Go through the authentication procedure as described earlier.
- Confirm the transaction and you’ll see the money arriving on your balance instantly.
As an additional step, you might need to choose the account you’d want to deposit money with if you’ve created several when you got started with the solution. You should know that if you have enough funds on only one account, the solution will automatically use that account to transfer the money from. But if you have several accounts and money on all of them, you’d still need to choose one or let the solution choose one randomly. If you’re using the eVoucher for deposits, the process is quite simple; you just enter the required card details and confirm your transaction.
On that note, as you would expect, the eVoucher won’t be available for withdrawals, but you can still use Perfect Money to withdraw your winnings, via the eWallet account. The cashout procedure is basically the same as the depositing one, but this time, the winnings won’t arrive on your eWallet account immediately. The casino would need to take its time to vet and approve your withdrawal request. You’ll receive your withdrawal as soon as the casino approves it.
We mentioned fees already, so it should be clear to you by now that the solution charges some fees. First, you should know that currency conversion fees apply, depending on the market rate. Since you can choose one of four currency accounts upon registration, the euro account, the US dollar account, the Bitcoin account or the gold account (Perfect Money units equivalent to the precious metal), if you ever decided to use a different currency, that’s when the conversion fee would apply.
For funding your account with Bitcoin, there’s no fee, but for all other currency options, fees start at 0.5%. Internal transfers for unverified accounts come with a 1.9% fee, and there’s a 4% interest rate, too. For SMS notifications, you pay a $0.1 security fee. If you need account restoration, you’d need to pay $100. And finally, there’s a 2.85% fee for wire transfer and a 0.5% fee for Bitcoin withdrawals. You’d need to visit its official website to find out more about the fees involved.
As repeatedly pointed out, you can use fiat and digital currencies or gold when transacting with Perfect Money.
The fiat currencies at your disposal are the euro and the US dollar, the cryptocurrency is Bitcoin, and gold is presented in units equivalent to the precious metal. While these are the default currencies you can use, if you want to use a different currency, say the Canadian dollar, you’d need to pay a conversion fee.
This is a truly global payment method since it comes with no country restrictions whatsoever. So, as a player from Canada, you can rest assured that you’ll be able to use it.
When you try to find Canada upon registration, since you need to state your country, you’ll see that it will be listed. Therefore, regardless of whether the casino is based, you can rest assured that you’ll be able to make deposits and withdrawals with this solution because it has no country restrictions.
Perfect Money makes sure all users are catered to in the best way possible. That’s why it offers them exceptional Customer Support service.
When you visit its official website, you’ll find a Help page, where different fields are available to press to get help regarding deposits, security, withdrawals, statements, account, security, mobile app and other subjects. You’ll also find a detailed FAQs page provided by the dedicated team, and then a Contact Us page where you’ll find a mailing address and a Secure Ticket System you could use to get in touch with the team and wait for a response on your email. The Support agents are at your disposal around the clock, 7 days a week, 24 hours a day.
As a Canadian player, you have no restrictions to using Perfect Money across online casinos. It is accepted globally, so no issues there. It is offered for both deposits and withdrawals, and you can use both of its products, the eWallet and the eVoucher. You can transact using fiat, crypto and gold with it, even though small fees would apply. Its Customer Support service is stellar, and the solution implements high-end security measures.
Do I get an insight into my transactions when using Perfect Money?
Yes. You’d need to log into your account, press the History tab and you can check all your previous transactions. You can use filters to find a specific transaction, even, and import the data and save it on your chosen device.
Can I reverse a transaction made with the solution?
Unfortunately, no. Transactions with it are definitive and once the system sends them, they are final and cannot be reversed.
Is its official website available in different languages?
Sure. Considering this is a truly global payment method, you can explore it in English, German, Italian, Spanish, Portuguese, Turkish, and even French, which would come in handy for you as a Canadian player.
Can money from my account be cashed out directly to my bank account?
Of course. As said, using a wire transfer, you can withdraw your money directly to your account, but the process would take 3 to 5 working days.
What are all the types of accounts I could open with Perfect Money?
You can, first and foremost, open a business or a personal account. Then, you can have an unverified, verified or Premium level account. And then, you get to choose whether you’d want to use the euro, US dollar, Bitcoin or gold account.