YooMoney

YooMoney Payment Service

YooMoney serves as Russia’s second largest online payment platform, and it’s presently under the ownership and association of Sberbank. The service is massively adopted, with 44% of Russia’s populace utilizing it, and it has a broad reach within the country. YooMoney is user-friendly, and registration takes just 10 minutes, except if extra documentation is required.

The Origin of YooMoney

YooMoney, previously known as Yandex Money (changed in December 2020), was established in July 2002 and is entirely owned by Sberbank, the largest bank in Russia. As a result, YooMoney users can enjoy some of the same advantages as those who bank with Sberbank.

Upon signing up for YooMoney, users have the option to choose between a physical card or an online e-wallet. MasterCard issues these cards, and users may also opt for virtual card choices.

Initially created to simplify banking in Russia, YooMoney is predominantly an e-wallet. Users can use it to send and receive transactions from friends and family, pay bills, and shop both online and in-store (with physical cards).

Steps to Deposit Funds with YooMoney

There are two methods for depositing money at an online casino using YooMoney.

If you choose to deposit money directly via YooMoney, follow these procedures:

1. Locate an online casino that accepts YooMoney and establish an account. Note: Some casinos may still be using Yandex Money.
2. On the banking page, select YooMoney from the list of available payment methods. Note: You may need to select this payment method if you have a MasterCard.
3. Enter your deposit amount and YooMoney card information, then submit it.
4. Once the transaction has been authorized, you will be redirected to the casino.

Furthermore, if you have a personal bank account registered in your YooMoney app, you can opt to withdraw funds from your bank account directly. Users who choose this option must authorize the transaction in the YooMoney app before the deposit can be processed.

YooMoney Deposit Fees and Limits

The YooMoney electronic payment service does not charge any fees to users for depositing or withdrawing funds from online casino sites. Users can avoid transaction fees as long as they stay within their chosen currency and do not engage in international transfers. However, some top casino sites may impose a small transaction fee for users who opt to deposit with YooMoney. It is recommended to check the banking page for a list of fees before making any deposits.

YooMoney has set transaction limits on user accounts, which may vary based on whether additional documentation is provided. Anonymous users have limits of 15,000 ₽ per transaction and a maximum withdrawal amount of 5,000 ₽. Once users provide identification documentation, these limits will increase.

YooMoney charges a 1% fee for depositing or withdrawing funds from a YooMoney account using a credit or debit card. However, users who choose alternative payment methods may have to pay a higher fee.

YooMoney Withdrawal Speed

YooMoney may not be an available withdrawal option at every online casino, so it is important to check before using it as your primary payment method. If YooMoney is not available for withdrawals, you can add an alternative payment method to your account.

For those casinos that do offer YooMoney withdrawals, the funds will typically appear in your e-wallet within 1-7 banking days after the casino processes the payment. However, various factors can affect the withdrawal speed, such as account verification or providing additional documents. If you have a substantial balance, you may need to make multiple transactions to withdraw all funds.

YooMoney users are required to verify their accounts in accordance with anti-money laundering regulations. To complete the verification process, a government-issued document like a passport or national ID card is needed to confirm your identity and address.

YooMoney bonus at online casinos

If you enjoy receiving bonuses while gambling online, then you may be interested in the bonus offers available when making deposits using YooMoney. There are three main types of bonuses available to users: welcome bonuses or deposit bonuses, referral bonuses, and free spins.

Deposit bonuses, or welcome bonuses, are typically given to users when they make their first deposit on the platform. These bonuses can be in the form of cash or free spins, depending on the operator. Referral bonuses are given to users who refer new players to the platform, and free spins may also be included as part of these bonuses.

Pros & Cons of YooMoney

YooMoney is a highly popular payment method in Russia and offers numerous advantages for online casino users. However, there are also some drawbacks to consider.

Here are the pros and cons of using YooMoney for online gambling:

Advantages:

• Instant deposit processing
• YooMoney is partnered with Sberbank
• Users can claim casino bonuses on their YooMoney deposits
• No deposit fees charged by YooMoney

Disadvantages:

• Not all online casinos accept YooMoney deposits
• YooMoney withdrawals may not be available at all casinos
• A 1% fee is charged by YooMoney for deposit top-ups and withdrawals

Security of YooMoney Online Casinos

The security of YooMoney online casinos is of utmost importance. Our team of experts has thoroughly examined each online casino listed on this page, but if you decide to use a casino not on this list, you should be cautious with your personal information. Prior to registering at any online casino, it is recommended that you verify that it is properly licensed and regulated by a reputable gambling authority. This ensures that the casino complies with security and fairness standards and is subject to regular inspections.

YooMoney employs encryption services specifically designed for the financial industry to safeguard financial and data security. YooMoney is PCI DSS compliant and adheres to local Russian laws regarding financial protection.

YooMoney for Online Gambling

YooMoney is a secure payment method that enables users to gamble online and claim casino promotions on their deposits. The service does not charge any additional fees for depositing or withdrawing from online casinos, although a small fee is charged for topping up and withdrawing from the YooMoney e-wallet.

Before selecting an online casino, it is recommended to check the banking information and ensure that the casino permits withdrawals to YooMoney. If not, it is advisable to have another payment method on hand for withdrawals.

To comply with anti-money laundering laws, YooMoney requires users to complete the account verification process before accepting casino withdrawals.