Founded in 2012 and based in Estonia, Payeer can be considered a new payment in the gambling industry despite operating in more than 200 countries already. It is a wallet that comes with low fees and an easy to handle mobile app. Payeer bookmakers offer under-the-radar betting activity, high limits and fast deposits.
Creating a Payeer account allows players to bet through their crypto. Eligibility for a welcome bonus, multiple ways to fund your account and a great mobile app are some of its main perks. In the following Payeer review, you will have the opportunity to take a deeper look into every aspect of gambling with it, such as:
- An up-to-date (2023) list of Payeer bookies
- How to use Payeer when betting online
- All its pros and cons
- Supported countries and Mastercard availability
Best Payeer Betting Sites (2023)
Υou can check the top-rated bookmakers that accept Payeer. Low fees, instant payments and under the radar activity are the main perks.
Why should you bet on a Payeer bookmaker
Under-the-radar activity, instant payments and worldwide acceptance are the main perks of the payment. So let’s check them all below:
Accepted worldwide: One of the most significant advantages of Payeer is that it operates in over 200 countries. At the same time, it is connected with almost 5000 different banks.
Instant payments: Bettors need to deposit easily and quickly to their betting accounts. Payeer bookmakers ensure that your funds will be available straightforwardly.
P2P transfers: Payeer allows users to transfer funds to a card or to a bank account. In addition, when two gamblers have a Payeer account, it is possible to send money to another player.
Eligibility to claim offers: When depositing with Payeer, you can take advantage of a welcome bonus most of the time. Moreover, you are eligible to participate in any promotion.
Under-the-radar activity: Many bettors need to keep their activity hidden. Gambling on Payeer betting sites provides this possibility since players can keep their activity under the local authorities’ radar.
Multiple ways to fund your account: Another benefit of Payeer is that there are many ways to fund your account. Credit/debit cards, bank transfers, gift cards, cryptocurrencies and wallets, like QIWI and Perfect Money, can be used.
Currency exchange service: Since Payeer operates as a wallet and an exchange, you can convert your funds with a small fee. You can also convert your money to crypto.
Low fees: There are no fees to create or to keep your account active. However, a small fee of 0.95% of the total amount on international transactions and 2% for currency exchange will apply. Withdrawing money from Payeer comes with fees from 0% to 5%, depending on your chosen method. Moreover, depositing on Payeer bookies is also for free.
Accepting cryptocurrencies: Players can deposit with cryptocurrency on their Payeer account. At the same time, users can also exchange or trade cryptos through their accounts.
High limits: Most betting sites that accept transactions with Payeer allow you to deposit and withdraw large amounts. This could be a significant perk for high rollers.
Payeer App: It is crucial to use an easy-to-handle app to bet on live events when you are on the road. Any user can download the Payeer app for free to a smartphone from the Payeer website or through the Android and iOS app stores for easy money management on the move.
Drawbacks of betting with Payeer
Like all the other payment methods, Payeer has some drawbacks, as well. Not accepted by many bookies and withdrawal limits for an unverified account are some of them. You can check them all in detail below:
❌ Not accepted by many bookmakers: Payeer operates in many countries; still, many bookies do not accept it. Payeer is an upcoming payment method and probably more bookies will add it in the future.
❌ Slow withdrawals to your bank account: Even though your transactions on Payeer betting sites are quick, the procedure can take up to 3 business days when you want to withdraw to your bank.
❌ Slow KYC procedure: To verify your account, you need to send identity documents like a passport, driver's license or residence permit and a document to confirm your address. Although in some cases, the company may ask you to make a Skype call to complete your verification.
❌ Charge on SMS notifications: When you proceed with a transaction on Payeer bookmakers, you will receive an SMS notification that your transaction is completed. This SMS comes with a charge of $0,05.
❌ Possible withdrawal restrictions on Mastercard: In some countries, players that hold a Mastercard can fund their account but can not withdraw an amount. Especially new issued Mastercards are not allowed to be used, not even for depositing in some countries.
❌ Withdrawal limit for an unverified account: You can use the payment without proceeding with the full KYC. Although in this case, there is a daily withdrawal limit of $999 (or currency equivalent).
❌ Not accepting many currencies: Payeer operates in over 200 countries but has not accepted many currencies. By this time, USD, EUR and RUB are available in combination with many cryptocurrencies.
❌ No live chat support: Players can connect with the support team only through email. Live chat or phone support are not available.
It is time to take more information about how to make your transactions in Payeer bookies. You now have all the information about why you have to choose a bet with Payeer and why you may avoid it. Moreover, you will learn why it is legal and safe to use Payeer to make more of your betting activity.
Is betting with Payeer legal and safe?
Payeer is owned by Paycorp Limited and regulated by Vanuatu Financial Services Commission. The payment operates in the EU via a Finance Private Limited Company. It has a legal license for online banking transactions and exchange by Virtual Currency Service from the Ministry of Economic Affairs and Communications (MEAC) in Estonia.
Regarding safety, the company uses SSL encryption to keep all transactions safe. All international transfers take place through SWIFT. Moreover, for any transfer, members receive an SMS notification on their registered phone.
How to deposit on Payeer bookmakers
Depositing on Payeer betting sites is straightforward if you follow the upcoming steps:
- Enter your desirable bookie
- Go to the deposit option and choose Payeer
- Choose the amount you want to deposit
- Fill in your Payeer account details
- Verify the transaction
Done. The transaction has been completed and the amount will be available in your account within a few minutes.
Can I withdraw from Payeer betting sites?
Betting with Payeer comes with the possibility to withdraw your winnings easily when you follow the steps below:
- Log in to your favourite bookmaker
- Click on the ‘Withdraw’ button
- Select ‘Payeer’ as your withdrawal method
- Fill in the amount you want to withdraw
- Complete your Payeer details and confirm the transaction
You have completed the procedure and the amount will be available to your Payeer account within one business day. Remember that you always have to transfer your funds from Payeer to another wallet, credit/debit card, or bank account.
Are there any fees & limits applied
Creating an account and keeping it active comes with no fees. When you deposit or withdraw from a bookmaker, there is no charge applied. However, when you receive an SMS notification for your transactions, there is a charge of $0,05. If you transfer money abroad, there is no charge again; but, if you receive an amount from an international transaction, there is a fee of 0.95% per transfer. At the same time, if you would like to proceed with currency exchange, there is also a small fee of 2%. Plus, you can receive Bitcoin for free, but there is a charge of 1.95% if you send Bitcoin to another account. Finally, if you want to transfer an amount to another wallet or your bank account, there is a charge from 0% to 5%, depending on the payment method.
Regarding limits, on most Payeer betting sites, the minimum deposit is €10 and the minimum withdrawal amount is the same. Maximum limits are different from one bookie to another but generally are too high compared to other payment methods.
How Payeer connects with Cryptocurrency
It is an essential asset of the payment that you can use multiple cryptocurrencies to fund your account and you are able to use the exchange service to buy or trade cryptos. As we have already mentioned, you can send Bitcoin and other cryptos to another account. For Bitcoin, fees are 1.95% of the amount when for other cryptos fees may vary. Payeer offers an exchange service where users can buy and trade cryptos and then use them to fund their betting accounts.
Payeer supported countries list
It is hard to find a country in which Payeer doesn’t operate. Below you can find the full list of them:
Afghanistan, Albania, Algeria, Andorra, Anguilla, Antarctica, Angola, Armenia, Arab League, Armenia, American Samoa, Aruba, Australia, Austria, Bahamas, Bahrain, Barbados, Belarus, Bolivia, Bosnia and Herzegovina, Benin, Botswana, Belize, British Virgin Islands, Burkina Faso, Bouvet Island, Bulgaria, Burundi, Cambodia, Cameroon, Chad, Dominica, Canada, Chile, Christmas Island, Curacao, Colombia, Cocos (Keeling) Islands, Cape Verde, Congo, Cote d'Ivoire, Comoros, Cuba, Cyprus, Denmark, Dominican Republic, Djibouti, Equatorial Guinea, Egypt, Eritrea, Estonia, Ethiopia, France, Fiji, Finland, Faroe Islands, Finland, Gabon, Gambia, Greece, Gibraltar, Guinea, Ghana, Gaza Strip, Grenada, Guernsey, Guinea-Bissau, Guam, Guadeloupe, Haiti, Hong Kong, Iceland, Italy, Indonesia, Ireland, Japan, Jamaica, Kenya, Kuwait, Kyrgyzstan, Laos, Luxembourg, Lebanon, Libya, Macao, Malawi, Macedonia, Madagascar, Malaysia, Mali, Malta, Mauritania, Maldives, Montserrat, Montenegro, Monaco, Moldova, Morocco, Martinique, Marshall Islands, Mexico, Mayotte, Nigeria, Namibia, Nauru, Nepal, Netherlands, New Caledonia, Norfolk Island, Oman, Palau, Panama, Papua New Guinea, Peru, Philippines, Poland, Puerto Rico, Qatar, Russian Federation, Romania, Saint Barthelemy, Syria, Serbia, Solomon Islands, Saint Martin (French part), Sweden, Saint Lucia, South, Sudan, Svalbard and Jan Mayen, Sri Lanka, Senegal, Sint Maarten (Dutch part), Swaziland, South Korea, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Saint Pierre and Miquelon, Slovenia, Sudan, Sierra Leone, Tunisia, Turkey, Tanzania, Tonga, Trinidad and Tobago, Tuvalu, Taiwan, United Kingdom, Uganda, Uruguay, US Virgin Islands, Vatican City, Vanuatu, Vietnam, Wallis and Futuna, Western Sahara, Yemen, Zambia.
How Payeer matches up with other payment methods
Although Payeer is a noteworthy option for gamblers, it is always essential to have an alternative. So, you can see how it matches up to other payment methods below.
Payeer to M-Pesa
M-Pesa is a popular payment service in Africa and especially in Kenya. Users can connect their Payeer account with M-Pesa and fund their account with low fees. Charges depend on the country the user lives. Since there are more M-pesa betting sites in Africa than Payeer bookmakers, it would be a possible solution for players to transfer their funds from Payeer to M-Pesa first.
Payeer to Qiwi
Qiwi is a wallet used more in Eastern Europe and Russia. It is not hard to find Qiwi bookmakers when you live in these countries. You can connect Payeer with Qiwi and use your funds even if not many bookies accept payments with Payeer directly.
Payeer to PayPal
PayPal is one of the most famous wallets when it comes to online gambling. It operates in many countries and betting on PayPal bookies comes with many benefits, like high-security features and eligibility to claim any new offer. Players can transfer amounts with low fees from and to Payeer when using PayPal.
Does it worth betting with Payeer
Payeer is a fast-growing online payment method that tries to enter the online betting world. Payeer bookmakers allow players easy and quick transactions, an under-the-radar betting activity and eligibility to claim multiple offers, including a welcome bonus. Still, it is hard to find bookmakers that accept the payment. The fact that it offers transactions only with three currencies, its slow KYC procedure and the charges on SMS notifications can make some bettors reconsider using it.
In any case, Payeer betting sites are a notable option for any bettor. Multiple ways to fund your account, low fees, high limits and under the radar activity make it an attractive choice. However, withdrawal restrictions to your bank account or to a MasterCard from your Payeer account are some of the downsides. At this time, I would recommend other wallets like Skrill or Neteller as your main payments for betting activity.
Complete list of Payeer betting sites
Under-the-radar activity and instant deposits are the leading edges of betting sites that accept Payeer. Pick your betting site from the list below and make the most of your betting activity.
Yes, Payeer has an easy to handle app for both Android and iOS devices. Users can make fast payments and bet on live events easily.
Through the Payeer exchange, you can buy Bitcoin and other cryptocurrencies like Ethereum and Bitcoin Cash. At the same time, you can deposit with Bitcoin into your account.
All transactions can be considered safe since the payment uses SSL encryption. At the same time, the parent company holds multiple licenses to operate payments in Europe and globally.
One of the most significant advantages when using it is that you can withdraw your winnings. After that, you can also transfer your money to another wallet or your bank account if you want.
Yes, Payeer has customer support that operates 24/7. However, users can reach the support team only through email; since live chat or phone numbers don’t exist.
Yes, Payeer operates in Nigeria and it is available for online gambling. Nevertheless, up to now, not many bookmakers accept deposits through Payeer in the country.
South Africa is another country where Payeer operates. You can use your account to fund your betting activity and use the exchange service too.