Monnet

Latin America is a massive region consisting of many countries. Each uses its own currency and follows different laws, making it difficult for outside businesses to offer services there. Historically, that meant online casinos did not bother supporting these regions. Fortunately, services like Monnet stepped in to simplify the process, creating a better environment for businesses and players.

The company provides a top-notch payment gateway that allows customers from nine Latin American countries to send and receive money online. Monnet maximizes convenience for its users and clients by combining everything into one easy-to-use platform.

Should you use Monnet to make online casino payments? We break down its pros and cons in this review to find out.

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About Monnet

Monnet was established in 2020 by a pair of fintech veterans. The business got its start in Peru, Chile, and Ecuador and quickly expanded into other Latin American countries. Monnet aims to deliver the region’s most comprehensive solution for online payments and collections. Today, the company has offices in eight of the nine countries they support. This approach has allowed Monnet to cooperate better with local payment methods and improve its service.

Target Markets

As is evident by now, Monnet is exclusively available in the LatAm region. Casino members can take advantage of various local banking options to deposit and withdraw funds. This includes credit and debit cards, bank transfers, and cash payments in physical locations. All the funds sent and received via Monnet are in the user’s local currency, removing the need to convert funds manually.

Monnet can be used for transactions to online casinos

Monnet Account

Payment gateways do not require dedicated accounts, and Monnet is no exception. However, you will need to have an account with the banking option you plan to use through its service. This only applies to wire transfers, as cash transactions operate independently.

How to Deposit with Monnet?

Online casino deposits using Monnet are straightforward and only take a few moments. After logging into your account, open the cashier page and select Monnet from the list of payment methods. Type in the amount you will deposit and then press the Deposit button. Monnet’s payment gateway will open in a separate window, allowing you to select the banking option to complete the deposit. You will see the added funds appear in your casino balance.

How to Withdraw with Monnet?

To withdraw your winnings, open your casino’s cashier page and navigate to the withdrawals section. Pick Monnet from the available payment methods, enter the cash-out amount, and initiate the transaction. Once again, the payment gateway will open in a new window. Choose a banking option that best suits you and finalize the withdrawal.

Transfer Times, Fees, and Security

Transaction times with Monnet depend on what banking option you add and remove money with. Deposits are processed instantly, allowing you to play almost immediately. Meanwhile, cashing out usually takes a few hours to several days. Withdrawals can be prolonged by your casino’s processing times.

Players do not need to worry about extra costs when paying with Monnet. The service is free to use for casino members, which is a huge plus. That said, some gambling sites may demand you pay a fee if you deposit or withdraw with Monnet.

The company does not detail what security measures it takes to protect its users. However, Monnet is bound by Peru’s Law on the Protection of Personal Data to provide adequate security and privacy to its clients.