Yandex Payment Method - UK Casinos

Best Yandex Online Casinos: How to Use Yandex Money to Deposit and Withdraw?

Have you ever come across the name Yandex while gambling online? It is a popular payment method operating in Russia.
Yandex Money is now known as your money. It changed its name in December 2020. Every third internet user in Russia uses this eWallet.

It features multiple funding options and facilitates safe, flexible, and fast payment at online casinos.
Therefore, Yandex Money is a safe and reliable way for Russian players to deposit real money in an online casino.

In case you are from Russia and would like to use Yandex to make transactions online, this guide will walk you through it.
Here, we are going to tell you the process of depositing and withdrawing, along with its pros and cons. So, let's proceed.

How Does Deposit and Withdrawal Work with Yandex Money?

Yandex Money or YooMoney is a standard eWallet.
So, before you start using it in an online casino to make deposits and withdrawals, you need to make sure you have an account with YooWallet and fund it. The process of creating an account and funding is very easy.

Let's take a look at the steps you have to follow:

• First, you will have to create an account from the official page. For this, you will need your phone number and email address.
• Following that step, an account will be created, linked to your phone number.
• Next, you will have to verify your account details by uploading an identity document, such as a driver’s license.
• After you create and verify your account, you can fund your eWallet using your debit/credit card, other eWallet, or bank transfers.
• Finally, after the funding, you will see that the money you deposit in the wallet is instantly reflected.

Now that you have money in your wallet, you can move on to making deposits at a Yandex Money online casino.

Create an Account at Yandex Money Online Casino

Your first step is to look for an online casino that accepts Yandex money. It should be noted that not all casinos accept this payment method.
From the ones that do, you have to look for the best one.

Importantly, ensure that the Yandex Money casino you choose comes with a proper license and certifications.
Also, it should provide the games that you are willing to play.
Once you find the right Yandex Money online casino for you, then you can create an account by sharing some personal details.

Deposit Money into Your Yandex Money Casino Account

Now, you have to log into your account using your username and password. After logging in, go to the banking page to choose YooMoney or Yandex Money from the available banking methods.

Next, you have to enter the deposit amount and Yandex Money card details before clicking on submit. Following that, it will redirect you to the casino once the transaction has been approved.

In case a personal bank account is registered on the YooMoney app, you can choose to withdraw money from the bank directly. Note that if you choose to do this, you have to enter the YooMoney app and approve the transaction. Soon, the money will reflect in the Yandex Money casino account, and then you can play any real money game you want.

Cash Out Your Wins to Your Bank Account

Before you withdraw using Yandex Money, you have to confirm if the online casino allows you to use the specific payment method.

After confirming it does, go to the withdrawal page under the banking or cashier section. Select YooMoney from the given options. Then you will be redirected to a payment getaway where you will have to enter your wallet ID and confirm the transaction.

Authorize the transfer, and usually, the fund is transferred to your eWallet account within a few hours. In case it doesn’t, it will take up to 24 hours. Do not forget that the timeframes depend on the pending period the online casino chooses.

Yandex Money or YooMoney also requires you to verify your account following anti-money laundering laws. Therefore, to verify your account, you will have to submit a few identity documents.

Advantages of Using Yandex Money Online Casino

You can easily make transactions from your eWallet to your online casino account or vice versa. The eWallet offers more advantages than using debit or credit cards. Let's take a look at the advantages that Yandex Money offers.

Faster Transactions

The time you need to complete a transaction at a Yandex Money casino is largely short. When you use Yandex Money, deposits and withdrawals are processed almost immediately. It is much faster than a standard online casino. The withdrawal process is much quicker because you don't have to share your credit or debit card details.

Moreover, online casinos accepting Yandex Money offer customers a daily statement. It is an additional benefit you enjoy. Using this system, you will know how much funds you have spent. Your payment details are not saved on the system when using the eWallet. So, it streamlines the payment, making it more efficient.

Reduces the Risk of Fraud

Yandex Money online casinos are less susceptible to fraud. To clarify, when making a deposit, you don't have to necessitate offering personal details. Filling out a form asking for personal information is not necessary. Thus, your money will reach the Yandex Money casino on time while also being a safer option. Additionally, there is no restriction on the number of times you can use the payment method.

Furthermore, Yandex Money has security measures in place that keep your details safe. It is a reputable payment method that you can use for online transactions, and Yandex Casinos ensure all transactions are secure. In addition, the deposits and withdrawals you make through Yandex Money provide you with daily statements, and you can keep track of your money.

Allows You to Manage Payments

Operating Yandex Money through an online casino allows players to be on top of their finances, without any hassle, unlike debit or credit cards. This is because eWallets are updated momentarily. Accordingly, Yandex Money will update the payment instantly.

Considering when using credit or debit cards, it can be challenging to manage your payments within your account. This is not the case with Yandex Money. With this eWallet, you always remain updated.

Enhanced Safety and Security

Regarding privacy and security, you already know that Yandex Money is safer since you will not have to share your card or banking details. This eWallet is the third man between you and the online casino receiving it. As a result, online casinos will never have access to sensitive details, meaning players will feel more secure.

Moreover, Yandex Money uses security encryption within the platform. So users don't have to worry about data protection. What's more, most Yandex Money casinos operate on the same security level. Apart from SSL encryption and firewalls, casinos can also use a two-factor authentication process to protect players who wish to deposit and withdraw safely.

Cheaper Than Conventional Banking

When you make deposits into a Yandex Money online casino, you will only have to pay a small additional fee. This is not the case when you are using traditional banking methods. Adding funds to your online casino account through Yandex Money will charge a small amount. This is much lower than what banks or financial institutions charge.

Disadvantages of Using Yandex Money Online Casino

Using Yandex Money comes with a few drawbacks that you need to consider before you start using Yandex Money online casinos.

Verification Can Take Time

Admittedly, when using Yandex Money, you should know that the verification process can take time. To verify your account, you will have to provide your identity document. If you don’t, you will be unable to withdraw your money from the online casino. Once you submit the identity documents for verification, you will have to wait for the eWallet to confirm it and label you as ‘Identified’.

Not All Casinos Accept Yandex

One of the most significant drawbacks of Yandex Money is that not many online casinos accept it. So, you might have to spend some time looking for the best Yandex Money online casino. However, it is to be noted that it cannot be used outside Russia. This can be even more alarming for players outside Russia who want to use Yandex Money.

Current Yandex Money Online Casino Overview

Yandex Money or YooMoney, is a Russian electronic money wallet. It is one of the most popular payment methods in Eastern Europe. It allows users to transfer money within a few seconds and store it online. Yandex Money is offered jointly by the leading search engine in Russia, Yandex and the largest bank, Sberbank. The company was established in 2002. However, it is only recently that become popular.

YooMoney users can use it to deposit money at an online casino safely. There are different accounts you can register at Yandex Money.
These are:

• Anonymous
• Reviewed
• Identified

You will receive YooMoney identification automatically with registration. Once you provide your full details, the status will change to ‘identified’.

With anonymous status, you can use it only within Russia and make a transaction of up to 15,000 rubles. At the same time, the withdrawal limit per transaction is 5000 rubles.

The identified status will allow you to increase the limits. It can go up to 250,000 rubles for deposits and 100,000 rules for withdrawals. The maximum amount you can keep in their wallet depends on their status. It is 15,000 rubles for anonymous users and 500,000 rubles for identified users.

In conclusion, Yandex Money is a great alternative to debit, credit cards, and bank transfers. 

Transaction Fees and Limits

Funding your Yandex Money wallet through credit or debit cards requires you to pay a commission of 1%. In case you are using direct carrier billing, the fee depends on the carrier.

You can add your money through Sberbank’s Euroset and ATM or Svyazmoy mobile retail outlets without any commission fee. Similar is the case for funding through online banking or at Gorod locations and Russian Unistream branches. Adding money through QIWI or WebMoney will cost 3% of the money you are transferring.

Payments you make through the Yandex Money card are free. If you withdraw up to 10,000 rubles per month through ATM, you will usually have to pay a commission starting from 3%. When transferring money to another bank account, you have to pay a 1.95% commission when you don’t have a Yandex Money account and 1.5% in case you do.

However, players will be happy to know that if they choose Yandex Money online casino, they will not charge you an additional fee for depositing or withdrawing money to and from. This can come as a relief.

Yandex Money Online Casino Bonus

Like every online casino, Yandex also provides different bonuses and promotions that players can take advantage of. Check out the best bonuses you can claim.

Welcome Bonus

Welcome bonus or sign-up offer is for new players who make the first deposit at the online casino. It is one of the best bonuses that you can claim in an online casino. Also, it might be the highest bonus you claim.

Typically, casinos offer a 100%-200% match on your first deposit. The amount can be capped at a certain amount by the Yandex Money casino. You have to make a minimum deposit to claim the Welcome Bonus. This bonus is available in many shapes and sizes. Hence, it is necessary to read the terms and conditions before depositing.

Deposit Bonus

The deposit bonus is an excellent way to get your bankroll to a good start. Usually, you will find them in the form of percentage cash matches that can be matched or not matched. A deposit bonus can be sticky or non-sticky. Stickiness is the time over which you can get your wins from a deposit bonus.

If the bonus is sticky, you will have more time to make the most of the bonuses. Otherwise, you will have only 24 hours before it expires, and you can cash out the wins from the bonus. In this case, you should cash out immediately. The deposit bonus comes with many terms and conditions.

No Deposit Bonus

No deposit bonuses are smaller rewards that players can claim. It is usually 10 euros or less. No deposit bonuses are for people to attract players into trying out casino games before investing real money. Even though they don't require a deposit, they require you to play through the bonus amount before you cash out your wins.

A no-deposit bonus is an excellent way to win some free cash, especially for new players. It helps them familiarize themselves with the online casino and learn which casino they enjoy the most. Nevertheless, it is also suitable if you know how the online casino works and want some extra money in your hands.

Free Spins

If you are a fan of video slots, you will love this bonus. The good thing is players can get their hands on them very regularly. Most of the time, the free spins are given out in batches of 10, 20, 50, or 100. Sometimes, you can win even more spins.

But most free spins come with a wagering requirement. However, some sites provide wager-free free spins. These bonus offers are hard to miss out on since they are completely free. A few of them might only be worth a few bucks. However, you can always use them to get a handsome payout.

Loyalty Bonuses

When you stick to one casino for a long time, you will get a chance to become an exclusive VIP club member. After becoming a VIP member, then The VIP Program offers bonuses that are bigger and better than usual promotions. A few casinos even provide them with a lower wagering requirement. It means you can get a chance to withdraw your winnings and bonus sooner.

But if you have to make the most of the VIP bonuses, ensure you do not abuse them. If you are someone who wagers a lot, look for casinos that provide a good loyalty program.

Online Casino Yandex Money in the Future

If Yandex Money spreads its wings to operate out of Russia and the EU, it can become more popular among customers. When it is more accessible, players will be able to use to deposit real money into an online casino to play the games they prefer.

Alternatives to Online Yandex Money Casinos

If Yandex Money is not available in your location and you are looking for some other payment method, take a look at the alternatives you can consider.

Skrill

The eWallet is available in over 130 countries across the world. Players can replenish their accounts with fiat currency as well as cryptocurrency. If you use the Skrill eWallet to make payments online, you know your funds are completely safe. The payment method has an anti-fraud mechanism.

Neteller

Another way to fund your online casino wallet is to use Neteller. It has an interface that is available in 11 languages. The payment method is convenient to use and charges minimal fees.

PayPal

The primary advantage of choosing PayPal is the ability to replenish your casino account instantly. It offers complete safety and security. You don't have to pay extra money to use it for making transactions.

To get acquainted with all the payment methods, visit our dedicated page for Online Casino Payment Methods, or choose the methods you want additional info on from the list below!

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