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Perfect Money
Perfect Money may not impress you at first, and you may even think it is outdated. At the same time, the UI looks like it was stuck in time, somewhere in the mid-2000s. But there is more to Perfect Money than it meets the eye. The payment method has so much potential, which is why we wanted to explore it further and check every aspect of it.
This review will cover the company’s background, see what markets it targets, and provide a step-by-step guide to opening a Perfect Money account. You will also learn how to make deposits and withdrawals using this banking method, and we will also discuss transfer times, associated fees, and its overall security.
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About Perfect Money
Introduced in 2007, Perfect Money was founded by a team of developers, bankers, economists, and lawyers. Back then, cards and bank transfers were the most popular payment methods at online casinos, while PayPal was still a novelty.
The concept of having multiple currencies stored in one place was ground-breaking. The fresh idea, and the desire to quickly expand its market presence, helped Perfect Money make a name for itself.
As the number of users increased, the payment method polished its existing features and added new ones.
Today, Perfect Money is a reliable option for online gamblers, despite the first impression, particularly as it has so much to offer.
Perfect Money can be used for online gambling
Target Markets
Most payment methods have a defined main market (or more), but Perfect Money doesn’t, making it unique. Of course, since the company claims its goal is to become a leading international banking option, it makes perfect sense.
However, having a list of supported countries would be helpful. It doesn’t cost a thing and can help players a lot. We managed to dig up something that appears to be a list of countries where you can use Perfect Money. Sorry Perfect Money, but 240 doesn’t seem to be a realistic number, especially as there are “only” 193 UN member states. Also, we doubt the payment method can be used in North Korea, as the country’s Kwangmyong network doesn’t offer any online gambling sites.
It is best to check with your online casino whether it supports Perfect Money first.
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Perfect Money Account
Opening a Perfect Money account is a straightforward process.
First, visit the payment method’s official website, perfectmoney.com, and click the Sign Up button. Keep in mind it is not highlighted, but it shouldn’t be hard to spot it.
The next step is to provide your personal information: user name, full name, address, city, country, phone number, email address, and password. You will also have to choose whether to open a personal or a business account.
Enter the captcha and read the terms and conditions.
Finally, log into your email and get your account number. You will need this number to access your Perfect Money account.
How to Deposit with Perfect Money?
Making online casino deposits with Perfect Money is equally simple. It takes only a couple of steps.
Log into your online casino account, and go to the Cashier Page. Once you’re there, choose Perfect Money as your deposit option. In a pop-up window, you must enter your Perfect Money account number, password, and the sum you wish to deposit. Make sure to check all the entered details. If you’re done, confirm your payment.
Despite being simple, the depositing process doesn’t offer automatic authentication. Activating the option takes some time, but finding it in the account setting can be challenging, especially for novice users.
It can cause serious problems, as someone could use your login details and gamble online without any restrictions.
How to Withdraw with Perfect Money?
Cashing out works the same, albeit in reverse. Log into your online casino account, and in the Cashier section, select Perfect Money as your preferred payment method. Enter the amount of money you want to withdraw, and provide the required details. That’s it, simple and efficient.
Transfer Times, Fees, and Security
Most online casino deposits with Perfect Money are processed immediately, although some gambling sites require manual verification. In that case, the money will take up to 24 hours to appear in your balance.
When it comes to withdrawals, Perfect Money is very fast. The process should be completed within 24 hours, but it’s likely it won’t take that long.
On the other hand, the payment method’s fee policy is disappointing. Wire transfer deposits incur a fee of 0.5% of the deposited sum. The percentage can be even higher, but no detailed information on when this might occur.
International transfer fees come with a 1.99% for unverified accounts, while verified and Premium accounts pay 0.5%.
If you choose the SMS login feature, you will pay a fee of $0.1 per SMS. We still recommend activating this option, as restoring your account costs a staggering $100.
The overall security needs improving. First, address and phone number should be required fields during registration. You can create several accounts by using the same name and different email addresses. You can have the same IP address; the system will allow you to proceed.
The SMS login option and a CodeCard are excellent security features, but not advertised enough. Also, if you try to log into your account from a new IP address, you will receive a code.
CodeCard is Perfect Money’s proprietary technology. It works by sending an image of a code you must enter to approve a transaction.
Perfect Money doesn’t impose any limits on deposits and withdrawals. This is excellent news for high-rollers, although most online casinos accepting this method have limitations of their own. Typically, they range from €1,000 to €5,000.
Customer Support
Every Perfect Money user has a unique PIN. To get in touch with the customer support agent, you have to enter the code. It is a big plus, particularly as these conversations include personal information that needs to be hidden from prying eyes.
However, this is the only way to contact customer support, as the site doesn’t have a live chat feature.
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