Payeer is a relatively new contender in the electronic payments space, having only entered the business in 2012. Based in Scotland, Payeer claims to be your all-in-one multi-currency e-wallet—a bold claim considering it has to contend with the likes of PayPal and Neteller. On this page, we will discuss its features to help you decide whether or not this is the best payment option to use at online casinos in the UK.
Payeer is a remarkably straightforward payment mechanism. As with other e-wallets, you create an account online and then fund it. You may fund your Payeer account with a credit/debit card, a bank transfer, or one of over 150 different online currency exchangers worldwide.
One of the unique features of Payeer is that users can send money to anyone in the UK, even if they don’t have a Payeer account. All that the recipient needs is an email address, and Payeer will allow the recipient to claim the money through various methods of their choice.
More recently, the Payeer e-wallet has begun to support cryptocurrencies as well, allowing users to send and receive money through Bitcoin, Litecoin, Ethereum, and other blockchain currencies. However, the e-wallet does not allow actually holding cryptocurrencies at the time of writing, which means that any transactions into and out of your e-wallet will have to be converted based on the crypto’s extremely volatile exchange rate.
Payeer’s capacity to send payments to just about anyone sets it apart from its competitors. Since e-wallets are separated from your bank accounts by design, your banking information is safe when transacting with online casinos.
Additionally, after you’ve registered with Payeer, you may qualify for a personal ATM card or virtual prepaid e-card. The firm guarantees a 0% transaction cost and no monthly fees when using their cards. If you order an ATM card, it will be sent through airmail.
However, Payeer’s disadvantage is that not many online casinos allow it as a payment option. This makes Payeer a less appealing option for gamblers in the UK and as such, we would suggest looking into other payment methods to use, which we’ve handily listed below.