QIWI is a payment network operated by the Russian Qiwi Group which was founded in 2007 by Boris Kim, Andrey Romanenko, and Sergey Solonin. The Trio launched the QIWI wallet on April 22, 2008, in Moscow City. This electronic payment solution was designed to facilitate money transfers to individuals, mobile channels, and online merchants such as, for example, new casinos online using Visa prepaid accounts.
QIWI products and services
QIWI consolidates several payment solutions including e-wallets, kiosks, goods delivery terminals, and banks. In essence, it is a convenient tool for making everyday payments. The QIWI kiosks and e-wallets allow users to transact with over 13,000 merchants, including eCommerce shops, online casinos, mobile network providers, remittance organizations, utility services, state entities, and banks. Customers can also apply for QIWI Card, a joint account that is linked to a QIWI wallet for online and offline uses. QIWI transactions at new casinos online are clear-cut, allowing instant transfers through mobile devices.
While it is primarily used in Russia, QIWI is also available in more than 20 countries including Great Britain, Latvia, Estonia, Georgia, and Ukraine, among others. Today, over 16.6 million people use QIWI wallets and virtual cards at an estimated more than 106,000 sales terminals.
Not every casino fan has a traditional Visa card. Those with a QIWI e-wallet can enjoy gaming as much as their fellow punters who utilized popular payment methods. QIWI deposits are especially common in Russian new online casinos, as these casinos can accept Rubles.
Interestingly, QIWI wallets can be linked to virtual Visa cards in a few minutes. Punters interested in depositing money at new QIWI casinos online should follow the following procedure:
- Top up the QIWI wallet.
- Go to the cashier area and hit the deposit button.
- From the list of payment methods, choose e-wallet, then QIWI.
- Log in to the QIWI wallet account with a mobile number and password in a new pop-up page.
- Enter the amount to deposit at the new casino.
- Provide the code sent via SMS for verification.
The deposit should be instantly transferred to the casino account. The minimum and maximum deposit limits are usually set by the new casinos online in question. Most new online casinos can take as little as $10 or an equivalent currency. However, QIWI also has a transaction limit of 15,000 RUB which is about 200 USD. A 1.5% - 2.5% commission may apply when transferring money from QIWI wallet to an online betting site.
The ability to cash out with a QIWI e-wallet or prepaid card is a big plus for mobile casino enthusiasts. Those who are lucky to garner some winnings should proceed as follows.
- At the payments section, hit the withdrawal/payout button.
- Pick QIWI as the preferred method.
- Enter the phone number and a one-time-password sent via SMS.
- Input the winning amount to cash out.
- Confirm the transfer.
QIWI allows a withdrawal of $200 or ₽15,000 at a go. The funds will be credited to the e-wallet and later can be transferred to a credit or debit card. The withdrawal time depends on how fast the new online casino approves the request, but this is usually a 24-hour process. This is necessary to minimize fraud risk. A 6% fee will apply to all QIWI withdrawals.