Banking options in Latin America to play at Mega Moolah casinos
Casino gamblers in Latam countries love Mega Moolah as much as players anywhere else. And to make playing Mega Moolah easier, online casinos have implemented a long list of banking options for players living in Central and South America.
Below is a list of the banking solutions available to players in Latam countries. We invite you to take a look at each one in order to determine which one best suits your needs. If you already use one of them to make payments on other websites, you are good to go. Just make your way to a Mega Moolah casino that accepts your chosen banking solution and make your first deposit. You'll be ready to play in the time it takes the deposit to clear.
Latin American Solutions
This Brazil-based service makes it possible to conduct business online by initiating real-time transfers from a Brazilian bank account. This is a push payment system established in 1993 and regulated by the Central Bank of Brazil. In order to use the service, a player must have a valid fiscal number.
Completing a transaction starts by obtaining a Boleto Bancario bank slip. That bank slip is 'preloaded' and can be used for both electronic and over-the-counter transactions. Note that over-the-counter transactions could take up to five days to clear. It may take that long for gambling funds to be credited to your casino account.
DineroMail, now part of the PayU system, is available to players in 16 countries on five continents. In Latin America, it is limited to Argentina, Brazil, Chile, Colombia, Mexico, Panama, and Peru. It acts as both electronic wallet and payment processing system. Players set up their own accounts, deposit money via cash or debit/credit card, then transfer money from their electronic wallets into their casino accounts.
The Lobanet system is a bit unusual in that it is not a standalone business or organisation like most of the others. Rather, it is a network of local banks throughout Latin America that cooperate to process transactions. Because Lobanet is not a standalone entity, it doesn't have its own website or account portal. It is utilised through the player's bank or an independent merchant service. Using it allows players to make deposits and take withdrawals using their native currency.
If you live in Peru, you might consider the Pago Efectivo banking solution. This is a voucher-based system by which players purchase a payment code (CIP) that can then be used for online transactions. Vouchers can be purchased at most Peruvian banks and post offices along with thousands of retailers around the country. With electronic voucher in hand, gamblers can instantly transfer money into their casino accounts.
Although TeleIngreso is based in Spain, it can be used by online gamblers in Mexico as well. This service combines both a digital wallet and financial transactions in a safe and secure environment. There is no need to register personal details in order to use the service. Just open an account, create your wallet, and then make your deposits from either an ATM or participating retail outlet.
Todito Cash is a Mexican-based electronic payment system that makes it extremely easy to conduct electronic financial transactions online. You can sign up in just a few easy steps. Create an account, add funds using your Visa or MasterCard, and off you go.
Depositing at your favourite casino using Todito Cash is equally simple. You can use the secure Todito Cash card or a preloaded voucher to transfer funds into your casino account instantly. All your information is kept safe and secure by Todito Cash.
AstroPay is a prepaid card solution that works a lot like a credit card or bank card. You purchase a card, load it with your chosen currency, and then use it just like you would a bank or credit card to complete online transactions. AstroPay is safe, secure, and confidential. You never need to disclose any personal information to use it.
A big advantage of AstroPay is its speed. Deposits and withdrawals are instantaneous in most cases. The system is flexible as well. Consumers can set their own limits by controlling how much cash they load onto the card. Deposits and withdrawals can be made via local merchants or using the system's smartphone app.
If you prefer a digital wallet that doesn't require you to disclose personal information, EcoPayz is a solution to look into. This international solution is one of the easiest digital wallets to use. You can transfer funds seamlessly between your wallet and your casino account. Fund your wallet using your bank account, a credit or debit card, or cash.
To withdraw from your casino account, simply transfer funds back into your digital wallet. You can use your EcoPayz card to make purchases or withdrawals in the same way you would with a debit card.
EntroPay is an international electronic payment system that involves purchasing a prepaid account card using a standard credit or debit card. Customers are given a virtual Visa or MasterCard that can then be used to access preloaded funds. The only drawback of this system is that currencies are limited to USD, EUR, and GBP. Latin American players will have to deal with exchange rates in order to use EntroPay.
On the positive side, EntroPay is extremely fast. The company claims that its transfers occur much faster than typical back transactions. That's pretty fast. It will not take long to fund your casino account with this system.
Instant Banking by Citadel
Instant Banking is one of the largest international financial solutions in the world. People all over the globe use it for everything from paying bills to making online purchases. You can use it to fund your casino account as well. Sign up for an account online, then use the friendly account interface to manage your funds. You will be able to make direct transfers from your bank account into your casino account safely, securely, and privately.
This prepaid card solution operates internationally, but its only Latin American operations are in Columbia. Players can use a credit or debit card to purchase a prepaid Neosurf card that comes with a 10-digit pin number for added security. A Neosurf card is also good for only six months. That means purchasing a new card if you intend to use it long term for casino gambling.
Another great virtual wallet solution is Neteller. Already used by millions, players can easily make deposits, withdrawals, and transfers without having to reveal their personal information. The system offers a mobile app for easy access as well as a rewards program and VIP solution for their most loyal customers.
PayPal is considered one of the earliest adopters of electronic banking transactions. This internationally known payment system allows consumers to make all sorts of payments online. Using it to fund a casino account is easy. Casinos that participate in the PayPal system can receive funds directly by way of electronic transfer. Those that do not can still accept deposits from a PayPal debit or credit card.
Players can fund their PayPal accounts using their own bank accounts or credit cards. Just put some money in your account, wait for it to clear, and then use it to fund your casino account.
This international pay system was designed specifically for online consumers. You can use it to fund your casino account without having to provide any personal information. It works a lot like a digital wallet except you use a prepaid card you purchase at a local sales outlet. You can continue reloading the card at retail outlets whenever you need more funds. If you prefer, you can reload online as well.
The PaySafeCard system is a PIN-based system that greatly enhances transaction security. Consumers can combine up to 10 PINs on a single card in order to keep designated balances separate. Any unused funds can be redeemed from individual PINs at any time.
An e-mail address is all it takes to open a Skrill digital wallet. As with most other wallet services, Skrill is a push-based system that doesn't require you to furnish personal details to the receiver on the other end. A Skrill wallet is funded with a bank account or credit/debit card. Funds can then be transferred from your wallet to your casino account.
Casino withdrawals go back to your wallet almost instantly. You can withdraw funds from your wallet to your bank account.
Banking Options in Summary
As you can see, there is no shortage of banking options for Mega Moolah players in Latin America. As always, the services and policies of individual banking solutions are subject to change. It is up to you, as a player, to research the options to find the one that's best for you.
Be sure to read all of the fine print and details as you conduct your research. Note that service providers can and do change their policies. Pay special attention to policies relating to fees, transaction charges, and making deposits and withdrawals. Then regularly check in with the service provider you choose to monitor any future changes to their policies.
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.
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