Qiwi Wallet is a Russian company, part of the OSMP Group that launched this brand in 2007. OSMP Group is active since 2004 and owns Russia’s largest cash and electronic bill payment terminal network, together with online advertising services.
Qiwi Wallet provides payment services that allow users to pay for a plethora of services and goods instantly. It enables users to make transactions to and from many different e-wallets. For example top-up mobile phones, make creditcard transactions, pay for popular online games or even order and prepay taxi. All this from a single user-friendly interface.
Qiwi is among the three most popular e-wallets in Russia. It benefits from more than 200.000 Qiwi cash terminals, operated by OSMP. However, the wallet is available online as well, so it covers the needs of millions both in the real world and online.
Qiwi Wallet Explained
Qiwi Wallet is, therefore, distinctive and differentiates from the competitors by having access to a vast network of brick and mortar kiosks alongside online availability on all devices, including a dedicated mobile app on App Store and Google Play. This way, Qiwi Wallet is a convenient, ever-present payment service you can use for all sorts of transactions.
The e-wallet can be topped-up via many different options. You can fill it up by paying in cash at one of thousands Qiwi terminals (no commission for amounts less than 1501 ₽), or directly from your mobile phone balance (commission depends on the operator).
Further options are via bank transfer (no commission for a sum less than 2000 ₽), credit or debit cards (Visa, Mastercard, Amex, Maestro), or at any other ATM.
You can even have different plastic Qiwi Visa cards (issued by Qiwi Bank) alongside a virtual Qiwi card for online shopping. Be aware that all transactions are done in Russian Rubles.
Qiwi Wallet enables financial transactions between multiple wallets and bank transfers with more than 200 banks. It also allows you to send money from one card to another, and you can pay with Qiwi Wallet to more than 20.000 merchants. Currently, the service has over 40 million registered users and is available across Eastern Europe and some Central Asia countries.
As mentioned, with Qiwi Wallet, you can buy various entertainment and gaming content, making this payment method desirable among punters.
How to Deposit via Qiwi Wallet?
In case you haven’t registered your Qiwi Wallet earlier, you can do it effortlessly, as the service asks you to provide only your valid phone number. Next, they will send you an SMS with a one-time code to activate the account. Then devise the 7-character password that you’ll be using together with the mobile number to trigger payments.
Once you have finished these steps, sign in using your mobile number, verify yourself, and decide how to fill the wallet. Be aware that no foreign-issued cards are acceptable, and any amount will be displayed in the local currency, RUB.
In case you are already a Qiwi Wallet user and even have Qiwi Visa or Qivi virtual card, then you can use any of them in the casinos that accept Visa. As for the Qiwi virtual card, pay attention – the card has no cardholder name, so when you are making a deposit, don’t forget to enter your name.
The rest is easy. On a casino’s deposit section, find Qiwi Wallet, log in and specify the amount you want to transfer to your online casino account.
How to Withdraw with Qiwi Wallet?
In case you won some money and want to take it home, you will first have to check if the casino allows withdrawal with this wallet. In most cases, Qiwi is accepted as a depositing method, but not as withdrawal. However, some casinos let you cash out. If this is the case, the procedure is simple. Again, log into your wallet’s account, and submit the amount you wish to withdraw.
Transfer Times, Fees, and Security
Qiwi Wallet is a free and quite affordable banking option. Still, Visa plastic cards are free, provided the sum doesn’t go beyond 2000 ₽. In case you top-up the wallet with this sum, you will be billed a 1% fee.
If you are paying in RUB, the service is free, but if currency conversion is necessary, the cost is 2.5%. Besides this, live casinos usually don’t add any additional fees on top of this.
Qiwi deposits are fast, while withdrawing is a different story. It lasts longer, thanks to the casino’s request screening procedure. As soon as they approve and clear your gambling account, the funds will appear in your e-wallet. The whole process may last up to 2 business days.
Qiwi uses SSL encryption and adds another authentication layer using SMS to send OTPs that further enhance this payment method’s security.