The popularity of online payments is not only attributed to the immediate transfer of funds but also to the security that comes with it. Russia was once a volatile ground until the inception of the online payment service provider which placed the country on the path of becoming one of the leading countries that support online payments.
The introduction of Yandex Money did not only solidify the growing trend of online payments in Russia but further enhanced the country’s status in the online payment community. It is interesting to note that it has one of the largest payment networks and a variety of partners; Yandex Money is set to take the Russian and indeed the global online payment system by storm.
Background
The history of Yandex Money is interesting and we would love to relate it. The acclaimed “Google of Russia”, Yandex, developed it. Yandex on its part is one of the leading search engines in Russia. The development and launch of Yandex Money was part of its efforts to reposition the country for greater technological strides. The parent company, Yandex also doubles as one of the leading technology companies in Russia that specializes in providing Internet-related services to the citizenry.
The importance of Yandex Money cannot be underestimated, especially with the strict financial regulation in the country that banned the use of traditional banking methods for online casino payments. Hence, the introduction of the e-Wallet/Web Wallet by Yandex Money is a step in the right direction, which helped online casino players to fund their betting accounts with ease.
Yandex Money currently has over 18 million registered users with the numbers growing by an average of 12,000 new users daily. Now, over 65,000 businesses make use of Yandex Money for online transactions, including online casinos.
Supported Countries
Yandex Money was exclusive to Russian customers until it began to accept requests from account holders in the largest Russian bank. Sberbank.
Registering for an Account
The account registering is online and you can use this link to get to the signup page. Once there, you would be able to create a distinct username and password, which is called the “ecoAccount”. Follow the on-screen prompts to complete the registration and fund the account.
You may also want to request the Yandex Money virtual money card that is linked to your Yandex Money account. With this, you can fund and spend your money anywhere MasterCard is accepted.
Funding Your Online Casino Account with Yandex.Money
Sign up for an account or log in to your account on a trusted online casino. Choose Yandex Money as your preferred payment method, enter the amount you wish to deposit, and follow the next instructions to validate the transaction.
Withdrawing Your Earnings with Yandex.Money
You may have to check if your preferred online casino supports the use of Yandex Money as a withdrawal method. If it does, you would need to follow the same steps as the deposit option and provide your Yandex Money account details to complete the transaction.
Conclusion
Yandex Money is the “way out” for online casino players that want to beat the heavy regulations slammed on online casinos operating in Russia. It is trusted because of the safety of transactions and security of your banking details. If you’re ready to add money to your online betting account, then the tips above would guide you through the process.
