Yandex Money Payment Method
Yandex Money is Russia’s e-wallet of choice. Yandex started small as a startup that eventually became one of the core financial companies in Russia. It allows their customers to make payments online and to receive cash. Furthermore, it can act as an e-wallet only where you can keep your cash. Once there’s a need for a payment to be made, you can do it in a manner of seconds. The secret to Yandex Money’s exponential growth lies in the ability to transfer funds in the Russian currency, the Ruble. Since there are a lot of players coming from Russia, online casinos have increasingly shown an interest in offering their trusted players the ability to deposit and withdraw in Russian Rubles.
How Yandex Money Works
The name may sound weird to people that do not speak the Russian language, but besides it, it’s like any other popular e-wallet. If you want to deposit or withdraw using Yandex Money, you should start by opening a Yandex Money account. Once that’s completed, load your account with cash. It should become available as soon as the transaction is cleared. From this point on, you can deposit at online casinos that accept Yandex as a deposit method. Besides using it for online gaming, you can use it to pay bills online, buy products and items of all sorts. Yandex Money supports all cards, except those that are issued in Canada or the USA.
Safety and Security of Yandex Money
Yandex Money is owned by Yandex and one of the biggest banks in Eastern Europe called Sberbank. In fact, Sberbank owns 75% of the total equity. Over the years they’ve made several attempts to bolster the security and safety of Yandex Money’s protocols. All of them turned out to be huge successes. The reputation Yandex developed resulted in creating crucial partnerships with some of the biggest corporations that have a global presence, such as Apple, Skype, Aliexpress, Nintendo and Wargaming. In recent years, online casino has reached out to the Russian casino player base. This resulted with an increase in the number of online casinos that offer Yandex Money as a payment method.
All information that needs to be provided by the customer is encrypted and kept away from harm’s reach. It acts as an additional layer of security due to its nature and how it works.
Yandex Money Fees
The fees are definitely on the low end. There’s a standard fixed fee of 15 RUB per transaction on top of the 3% commission of the total amount that’s being transferred. If you transfer in a currency other than RUB, an appropriate conversion fee will be applied as well.