Vega Wallet

Although Vega Wallet is a less common option compared to other payment methods, it still deserves the attention of online gamblers, especially those from Japan – its primary target market.

Players in the West may not be familiar with Vega Wallet, but it has become a popular means of payment in Asia over the last couple of years. Continue reading to discover more about this banking method and the benefits it offers to its customers.

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About Vega Wallet

To be honest, finding more information about the company behind Vega Wallet was a problem. The payment method’s official site is in Japanese and English, clearly indicating its main audience. Vega Wallet was launched in 2016, and its flexibility and convenience quickly attracted the attention of demanding Asian players. Initially, the banking method was known as Venus Point but adopted a new name and corporate identity in mid-2022.

In addition to online gambling, Vega Wallet can be used for e-commerce. Its main feature is collecting points from third-party merchants. Each transaction using Vega Wallet can bring a cashback of up to 0.6%. The number of accumulated points is limited to 20,000 per month. Before you can make online transactions, you’ll need points in your Vega Wallet account. When withdrawing money with this payment method, you can use points to make deposits.

Vega Wallet offers a unique and rewarding bonus system. Whenever you use the payment method to top up your casino balance, you’ll earn 2 points (2.5 during a promotional campaign) for every $500 you spend (500 points). The points are accumulated every month. The system works in a simple way: the more you use Vega Wallet, the more points you get!

Vega Wallet is not a wellknown payment method yet

Target Markets

The payment method’s target markets are still unspecified. It’s available to Japanese players, there’s no doubt about it, and it appears that other Asian customers can use it as well. According to the Terms of Use section of the official Vega Wallet site, the payment method is available to everyone. However, the company has the right to restrict or completely deny services to anyone, and the overall lack of transparency is something we don’t like in a payment processor. It can push players away from using Vega Wallet. There’s always the option to contact customer support and check whether your country is supported.

Vega Wallet Account

Visit the Vega-Wallet.com site to open a new account. To start the process, click on the Member Registration button, located below the log-in form for existing users. If you had a Venus Point account, you’d still need to open a new one to gain access to the e-wallet’s features. Enter a valid email address and confirm it in the corresponding box. You’ll quickly receive the confirmation email; open it and click on the link you received. This way, you’ll verify your email address.

Upon clicking the link sent by Vega Wallet, you’ll be taken to the final state of your registration process. Here you’ll have to provide basic personal information. Enter the necessary details and verify them. You’ll receive another email informing you that the registration process has been completed successfully.

Vega Wallet uses USD as its default currency. Converting your accumulated points can be done in local currencies, while any conversion fees are also assessed in USD.

How to Deposit with Vega Wallet?

Making a casino deposit using Vega Wallet is simple and easy, and if you’ve ever used a digital wallet before, the process should be familiar. However, there’s a catch. Your money is not directly transferred; instead, you receive points which you can later convert to the payment method’s default currency, USD.

To start depositing with Vega Wallet, go to your online casino’s Banking page. Choose Vega Wallet from the list of available options, and click on it. This will take you to the Vega Wallet website,  where you can log in using your email address and password. Enter the information needed to complete the transaction. Make sure to check everything before submitting your transaction, as all payments made with the digital wallet are irreversible.

Confirm the transaction, and the deposit should appear in your account balance in a matter of seconds.

How to Withdraw with Vega Wallet?

The cashout process is almost identical, starting at the casino’s Banking page and ending with you confirming the transaction from your Vega Wallet account.

Transfer Times, Fees, and Security

The hardworking men and women at Vega Wallet didn’t have the time to provide us with more information on the payment method’s transfer times. As we’ve learned from practice, all transactions should be instantaneous. It means no waiting for your deposit to arrive, although it may not be the case with cashing out if your online casino imposes a pending period.

Opening a Vega Wallet account is free, and the good news is there are no maintenance costs. Transactions come with a small fee of $1.80 for each $900 you transact. In practice, you’ll be deducted 1.8 points for every 900 points you transfer. The system will notify you in case of any other additional fees.

Security is crucial for any online interaction, particularly when it involves real-money winnings. The computers used to process and store the sensitive information of Vega Wallet customers are located in secure locations. All customer data is encrypted, and no government except the British Virgin Islands can access it.

The storage of funds also impacts the security of the entire system. Vega Wallet uses pooled accounts to store its customers’ funds, which are spread across different banking institutions. This provides an additional layer of security for the company’s financial resources and allows an easy transfer of money.