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Back in the day, waiting a few days for your online transaction to process was just how things worked. As the internet became more widespread, so did the need to make transactions faster. Products like e-wallets entered the scene, offering users near-instant transactions so long as they kept using their service.

Paymix was built by banking veterans as an elegant alternative to classic bank accounts. The service was designed to maximize convenience, using its connections to many local payment solutions to simplify cross-border payments. The banking option is remarkably straightforward, making it the perfect pick for online gambling.

There are many upsides to using Paymix, which we will cover in detail in this review. Read on and find out if this is the right payment method for you.

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About Paymix

Paymix is a Malta-based company overseen by the Malta Financial Services Authority. The company is responsible for several financial services covering payments, card issuing, KYC solutions, and more. Paymix offers quick processing times and payouts in over 60 currencies, making them ideal partners for businesses with lots of international customers. The company’s commitment to security and adopting the latest fin-tech ideas are just a cherry atop an already delicious cake.

Target Markets

The business primarily targets European clients, as its accounts are only available in Euros. However, its service allows companies to receive payments from across the globe without much hassle. Paymix has direct access to Europe’s SEPA network and cooperates with local payment solutions in different jurisdictions.

Paymix takes care of online deposits at online casinos

Paymix takes care of online deposits at online casinos

Paymix Account

Casino members do not have to register a separate account to use Paymix. Instead, you will simply have the company’s logo visible on the cashier page, from where you can launch its payment gateway. Using the service is simple, and its transactions get processed quickly.

How to Deposit with Paymix?

Sign in to your casino account and access the deposit section on the cashier page. Once there, browse through the list of banking options and find Paymix. Choose the payment method, type in the amount you plan to deposit, and then follow the instructions laid out on-screen. Paymix will guide you through all the payment services it offers, so select one that best suits your needs. If the deposit goes through, the funds will become available in your account.

How to Withdraw with Paymix?

Not every online casino accepts cashing out with Paymix. After logging into your casino account, you navigate to the withdrawal section and select the company’s logo. From there, the process is similar to depositing: enter how much you wish to withdraw and initiate the cash-out. You can pick what banking option to withdraw from the payment gateway. If Paymix is unavailable, you must use another payment method instead.

Transfer Times, Fees, and Security

The service prides itself on lightning-fast transactions. With deposits, players usually see the funds instantly appear in their online casino balance. Meanwhile, withdrawals typically take one or two business days. Cashing out may be delayed further depending on the casino’s processing times.

Paymix makes its money by charging various fees to businesses. As such, players do not have to worry about costs when adding or removing funds with the service. That said, the banking options the payment gateway offers have their own fees and expenses you should be aware of.

The service uses various encryption algorithms and strict firewalls on its servers to ensure your data is kept secure. Based on which banking option you are transacting with, you may also need to enter a 2FA validation code sent via SMS.