Yandex.Money (Яндекс.Деньги) is Russia’s most prominent online payment service, used by millions of Russians daily. The company offers its services to both individual customers and enterprises. The B2B online payment service for merchants is called Yandex.Checkout.
This service is a joint venture of Russia’s leading search engine, Yandex, and Sberbank, the most reputable Russian bank and one of the biggest banks in Eastern Europe. This company was founded in 2002, with a headquarter in Moscow and two offices in St. Petersburg and Nizhny Novgorod.
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Sberbank now owns a 100% stake in the company, which enabled the service to access a robust payment infrastructure of this respectable bank, including ATMs, payment terminals, and online banking.
Yandex.Money enables users to make convenient and swift online transactions. This payment method offers various options to pay and buy all sorts of things from your home.
You can pay bills, parking, fines, taxes, top-up mobile phone account, pay gas at a gas station, internet and different internet services, television, and more.
Furthermore, Yandex.Money has its eWallet and offers different types of plastic and virtual bank cards. Yandex.Money already has more than 18 million registered eWallets, with 12,000 new ones open every day.
Yandex.Money Explained
The service also enables quick money transfers to and from different payment options such as bank cards (Visa, Mastercard, Amex), bank account, QIWI eWallet, or WebMoney. However, to be able to use all these services, you have to open your Yandex.Money account and create eWallet.
Yandex Money Accepting Online Casinos
The company also offers several card solutions: “Multicurrency cards” package, Physical Yandex.Money card, Virtual Yandex.Money card, ready-to-use card for 200 rubles, and a pre-issued card.
“Multicurrency cards” package supports 11 currencies, from the Russian ruble, US dollar, euro, to Kazakhstani tenge. To use this package, you need to have an eWallet and opt for this option. You can then pay or withdraw money, while your card will automatically decide which currency to use.
The physical card is a Yandex.Money Mastercard that enables all sorts of online and offline payments and money withdrawals. The card can be used for foreign transactions, but you won’t be able to use it if you don’t verify your identity. Russian citizens need to fill in the online form, while the foreigners have to complete the identification process. After the verification is done, you can use the card to pay worldwide, withdraw cash, send and receive transfers.
Besides the physical card, you can also obtain your Yandex.Money Virtual card that is immediately issued. Furthermore, there is a pre-issued card that is a classic Mastercard but without your name on it.
How to Deposit via Yandex.Money?
To make a deposit, head to the cashier page and find the deposit section. Select Yandex.Money as a payment method, specify the sum you want to transfer, and log-in to your Yandex eWallet. Confirm the transaction, and you are ready to play!
How to Withdraw with Yandex.Money?
The withdrawal with Yandex.Money is similar to making a deposit. Visit the cashier page, find Yandex, enter the amount you wish to withdraw, log-in to your account, and confirm the transaction. You can also decide to leave the money in the wallet or transfer it to your bank account.
Transfer Times, Fees, and Security
After you have confirmed your deposit, the money will be credited to your gambling account in minutes.
Live casinos process withdrawals with Yandex.Money within minutes too.
Yandex eWallet is free. Those who haven’t used the wallet for more than two years will have to pay a subscription fee of 270 rubles.
To top-up Yandex eWallet using bank carts, you have to pay 1% if the amount you want to send to the wallet is less then 4,000 rubles. Transactions above 4,000 rubles are free. Another option to add money is via ATMs, but this option is available only for registered and identified wallets. Sberbank ATMs won’t charge you anything.
Funding the eWallet using your physical Yandex.Money card is free, and you can withdraw 10,000 rubles per month with a 0% commission after completing the identification process. However, other cash withdrawals incur a 3% fee or a minimum of 100 rubles. The same cost applies to money transfer to other cards (Mastercard MoneySend) and eWallets.
If you want to activate the Multicurrency package, the activation will cost you 90 rubles/month. Withdrawing cash in other currency (if the Multicurrency package is active) will be charged 3%.
Cash Withdrawals
Cash withdrawals from your Yandex.Money Virtual card costs 3% or a minimum of 100 rubles. You will pay the same for transferring money to other cards and eWallets. The maintenance, funding the card, and payments are free.
To withdraw cash from the ATM in rubles costs 3%, but not less than 100 rubles. Some other banks may charge you more for using their ATMs. If you want to send money to some other eWallet, for example, to a QIWI, you will pay a 3% fee.
Since the service is owned by one of the biggest banks in Eastern Europe, standard bank high-security measures are used for Yandex.Money. All data shared over the Internet are fully encrypted, passwords protect the service, and none of your personal/banking info is disclosed.
