STICPAY
An Introduction to STICPAY as an E-Payment Method
STICPAY is an emerging e-payment method that is gaining popularity among online casino players due to its convenience as a deposit and withdrawal option. With STICPAY, players can make deposits and receive winnings from online casinos faster and with lower fees by utilizing local bank transfers.
Given its growing popularity, fintech and iGaming professionals at CBM have quickly assessed this new payment method. In this overview, we provide you with comprehensive information on STICPAY, including its fees, target markets, accepted currencies, online casino deposits and withdrawals, as well as its security features. By understanding these details, you can determine if STICPAY is a suitable option for funding your online gambling activities.
Sticpay: A Recognized Provider of Award-Winning E-Wallet Services
Established in 2018, Sticpay is a Fintech company located in London that offers e-wallet services to both end-users and merchants operating in various sectors, including online gambling and eCommerce. Since its inception, the company has rapidly expanded its global network of customers and merchants, and formed crucial partnerships with major card providers such as Visa and Mastercard, as well as various cryptocurrency platforms, enabling users to easily transfer money into and out of their Sticpay accounts. The service is also integrated with Apple and Google Pay for added convenience.
In addition, Sticpay provides its customers with the Stic Card, a prepaid option that can be used in all countries where the service is available, including in Europe, North America, and Asia. Despite being a relatively young company, Sticpay has already received several accolades, such as the Payments Awards’ Best Digital Wallet 2019, Traders Awards’ Best Service in Singapore 2019, and Future Digital Awards’ Best Online Payments 2019. Furthermore, the company is registered with the UK’s Financial Conduct Authority, which ensures that its activities are closely monitored and regulated to safeguard the interests of its users.
A Step-by-Step Guide to Creating a STICPAY Account
Step 1: Sign up for an account.
To create a STICPAY account, you need to complete an online form on the official website. Click on the “Sign up” button located at the top right corner of the page, and you will be directed to a detailed online form that must be filled out in English. Enter your name, nationality, date of birth, and occupation. From the list provided, select your preferred currency. Set up and confirm your password, and indicate the frequency of your transactional activity from the dropdown options, which include daily, weekly, monthly, or yearly. Next, select the expected monthly value and number of transactions, as well as the average value of each transaction. After reviewing and agreeing to STICPAY’s terms and conditions, add your signature and click “Next”.
Step 2: Select SMS or Email Verification
Once you have completed the online form to create your STICPAY account, the next step is to provide your mobile phone number. If you receive a notification that the phone number is unsupported, you can opt for email verification instead. After providing your phone number or email address, check the box to confirm that the information you have provided is accurate and true. If you have chosen email verification, click “Send” next to your email address, and a new field will appear for you to enter a 6-character verification code that will be sent to your email. The code will be valid for five minutes, and you must enter it within this time frame. Finally, click “Submit”.
Step 3: Compulsory POA and PLE Verification
After completing the STICPAY account creation process, you will receive an email congratulating you on the successful application. The email will inform you that you need to upload Proof of Address (POA) and Proof of Legal Existence (PLE) documents to start using the service. You will also need to upload your identification and residential certificate. To upload these documents, log in to your account and click on the “Documents” tab. You will also receive a direct link to do so in the email.
Step 4: Establish Two-Factor Authentication
Upon entering the STICPAY portal, you will be prompted to set up two-factor authentication in compliance with regulations. You can choose from three options: OTP app, email, or phone number to receive a verification code via SMS. The OTP app enables you to receive a verification code free of charge even if your Android/iPhone is offline.
To complete the setup, click on “Settings” next to your preferred option. If you select email verification, you will need to provide a new email address, as you cannot use the one you used during registration.
After selecting your preferred authentication method, you will receive a 6-digit code that must be entered within 5 minutes. Once you have successfully verified your identity, you will be asked to enter your password and submit it. This will complete the two-factor authentication process and grant you access to the STICPAY portal to finish the identification procedure.
Step 5: Uploading POA and PLE documents for STICPAY account verification
To complete the STICPAY account verification process, it is mandatory to upload Proof of Address (POA) and Proof of Legal Existence (PLE) documents. This page offers comprehensive information and instructions to ensure a successful verification.
For POA, you need to provide your country, city, ZIP code, address, and an official document validating this information. The acceptable documents include a utility bill, a bank statement issued within the last 3 months under your name and address, or a letter from a recognized public authority. You can take a photo of the document and upload it.
For PLE, you must upload an official identification document such as a passport, a national ID, or a driving license. Select the document you prefer and take a picture of its front and backside. Then, upload the photos, enter the document number and expiration date, and click “Submit”.
Step 6: Status of Document Verification
Once you have successfully uploaded the required Proof of Address (POA) and Proof of Legal Existence (PLE) documents, you will be notified that the status is now “pending” and you will not be able to upload any new documents during this time. An email will be sent to you informing you that your account is under review and this process typically takes 1-2 days. STICPAY will notify you of their decision via email. Once approved, you will gain full access to all STICPAY services.
STICPAY Cashback Program for Online Gaming
STICPAY has launched an exclusive cashback program for its select customers who enjoy online gaming. The program has already formed partnerships with several online gaming operators such as BetWinner, 22Bet, and 1xBet. By logging into their STICPAY accounts, users can choose their preferred gaming company and benefit from the monthly cashback.
For instance, BetWinner offers cashback across multiple gaming categories such as casino, sports, live betting, and bingo, with cashback rates of up to 10% per month. In addition, 1xBet users can win cash prizes after registration and participation.
Apart from the monthly cashback, what other benefits does the STICPAY Cashback Program offer? It provides convenience as existing STICPAY customers do not need to register again. Moreover, the program is proven to be reliable, as the cashback amount is instantly credited to the user’s STICPAY account each month.
To take advantage of the STICPAY Cashback Program for Online Gaming, follow these simple steps:
- Sign up for your preferred online gaming operator using the provided link from STICPAY.
- Visit the STICPAY Cashback website, log in, and choose to add a cashback account.
- That’s it! You have successfully added an account that will receive monthly cashback, which you can withdraw at any time.
Casino Deposits and Withdrawals
If you want to use STICPAY for your online casino transactions, the first step is to select a casino that accepts STICPAY deposits. After signing up with the casino, you can go to the deposit page and choose STICPAY from the Cashier to fund your account. Enter the desired deposit amount and confirm the transaction. You’ll then be redirected to your STICPAY account login page to enter your email and password. Once you confirm the deposit, the casino will add the STICPAY funds to your account right away. Note that if you want your deposits to be credited instantly, you need to top up your online account before logging in to your preferred STICPAY online casino.
If you want to withdraw your winnings using STICPAY, you can do so by going to the cashier page of the casino you’re playing at, selecting STICPAY as the withdrawal method, and specifying the amount you want to withdraw. Once your withdrawal request is approved by the online casino, the funds will be transferred to your STICPAY account instantly.
Understanding STICPAY Transaction Fees
STICPAY is a great payment option for online gambling as it is free of charge when used at participating online casinos. However, STICPAY charges fees for various transactions, depending on the service, banking method, currency, and country.
To check how much you will be charged for different types of transactions, you can use an online converter available on the official website or within the app. When depositing funds or receiving money, the fees range from 1% for international bank transfers and cryptocurrencies to 3.85% for Visa and Mastercard. The fees for local bank wire and UnionPay range from 1.5% to 2%.
If you are sending money using STICPAY, the fees range from 1% for cryptocurrencies (Bitcoin, Litecoin, Ethereum) to 5% for international bank wire. The fee for STIC card is 1.3% and 2% for UnionPay. Local bank transfer fees vary depending on the country where the service is available, ranging from 1.5% to 2%. Internal send-receive transfers are charged between 1% and 2.5% depending on the type of service and the currency used (fiat or crypto).
It is important to note that these fees are subject to change, and it is always advisable to check the latest fee structure before making any transactions.
Timeframes for STICPAY Transactions at Online Casinos
One advantage of using STICPAY as an eWallet for online gambling is that deposits are processed instantly. At online casinos such as 1xBet, King Billy, and Playamo, users can fund their gambling accounts with their STICPAY accountand the funds will be available within seconds. Withdrawals at King Billy and Playamo are also processed immediately, while at 1xBet, it takes up to 15 minutes.
If you want to transfer money from your STICPAY account to your local bank account, it may take up to 5 banking days. STICPAY processes this transfer within a day, but the processing time also depends on your bank. In countries where local bank transfers are supported, deposits and withdrawals to and from online accounts are faster, usually taking between an hour to 1-2 business days.
Understanding STICPAY Deposit and Withdrawal Limits at Online Casinos
When it comes to deposit and withdrawal limits at STICPAY online casinos, there are certain minimum and maximum amounts to consider. The minimum deposit amount usually varies from €2 to €20, while the maximum amount is typically around €3,000. However, it’s worth noting that different online casinos may have slightly different limits.
For instance, 1xBet online casino has a minimum deposit amount of 50.00 RUB, 1.00 USD, 2.00 EUR, or 4.50 TRY. The minimum amount you can withdraw from 1xBet is 100.00 RUB, 1.50 USD, 1.50 EUR, or 9.00 TRY.
Playamo also has identical minimum and maximum deposit and withdrawal limits, which range from €20 to €3,000 per transaction.
At King Billy online casino, the minimum deposit amount is €10, and the maximum is €3,000. Meanwhile, the minimum withdrawal amount is €20, and the maximum amount you can cash out is also €3,000. It’s important to check the specific limits at your chosen STICPAY casino to ensure you stay within them when making deposits or withdrawals.
Advantages and Disadvantages of Using Sticpay
Sticpay offers fast registration and instant payments, making it an attractive option for players who want to start playing casino games quickly. The company also places a high priority on security, with thorough checks on all users and merchants and the use of KYC and AML measures. This commitment to safety means that transactions are 100% secure, and there is no risk of chargeback fees.
Sticpay’s widespread availability in many countries and support for multiple currencies makes it a viable option for users in smaller nations with limited payment options. It also enables users to withdraw funds using the Stic Card in various locations around the world.
However, Sticpay’s fees may be a downside for some users. Unlike other providers that waive charges for certain transactions, Sticpay charges a fee for each transaction. Although the fees may not be significant, frequent users may find them adding up over time. For more information on the exact fee amounts, check the official Sticpay website.
Advantages:
- Fast registration
- instant payments
- high security measures,
- 100% secure transactions
- widespread availability
- Stic Card withdrawal option.
Disadvantages:
- Fees charged for each transaction.
Sticpay casino bonuses
To find Sticpay casino bonuses, start by checking our list of casino bonuses and select the ‘Sticpay’ payment provider filter. You can further narrow down the list by selecting the bonus type filter, such as ‘No Deposit Bonus’. Alternatively, you can go directly to the list of no deposit bonuses and select the ‘Sticpay’ filter.
STICPAY Security Measures
STICPAY, a payment service under FCA regulation, utilizes high-level encryption and advanced security features, including two-factor authentication and anti-fraud standards, to protect its users. Additionally, all customer funds are kept in separate accounts. STICPAY also implements KYC and AML controls to ensure user identity validation. In the case of login attempts from unfamiliar locations, STICPAY will notify the user via email and provide information on the IP address, login country, and login city. Two-factor authentication options include mobile phone, email, and OTP APP. In case of suspicious activity, users can temporarily lock their accounts by clicking a link within the email notification.
