Page updated on 30.01.2020
Yandex Money Payments for Online Casino Deposits and Withdrawals
The largest internet service provider in Russia is headquartered in Moscow. It is called Yandex (Яндекс) and was established in 1993. Parts of their package of services include eCommerce, mobile apps, internet-based services, money services and transportation. Yandex Money is the largest electronic payments provider in Russia. It is a joint venture between the Russian bank Sberbank ↱ and the NASDAQ listed Yandex. Ticker symbol: YNDX. There are over 60 million users in Russia.
The e-wallet Yandex Money ↱ is the service relevant to Russian online casino players. It is a fast and inexpensive way to send real money to mobile online casinos along with other online vendors. They, of course, need to support this casino payment method. This money transfer method allows you to use a real prepaid Mastercard or a virtual card accepted at participating websites and retail outlets. Furthermore, it is also possible to send money to other Yandex Money users with a mobile app or online.
- Fast payments
- Easy payments
- Physical and virtual Mastercard
- Withdrawals from online player accounts also possible
- Dozens of ways to top-up your e-wallet
- Accepted at 75,000+ global stores
- Fees might apply
- Only Russian users can use it
Online Casinos with Yandex Money Payments
We've got the best Yandex Money casinos listed in our table below. For each of these online casinos, we point out the highlights that include accepted payment methods in addition to Yandex Money deposits and withdrawals. We also talk about casino bonuses, bonus terms and games such as Gamomat slots, Elk Studios slots, Play n GO slots and more!
Unfortunately, there aren't any casinos available that accept players from your country.
Yandex Money: How does it work?
Since Yandex Money is an e-wallet, similar to Jeton, EcoPayz or MuchBetter, it allows you to make online payments. You have the option of using a virtual or physical Mastercard at online vendors or brick and mortar shops. You can even make Yandex Money ATM withdrawals. Yandex multi-currency allows for payments in US dollars (USD), Euros (EUR), British Pounds Sterling (GBP), Japanese Yen (JPY), Chinese Juan (CNY), Czech Korunas (CZK), Swiss Francs (CHF), Kazakhstani Tenges (KZT), Polish Zloty (PLN) and Belarusian Rubles (BYN).
To begin using the Yandex Money method of payment, register an account with them. Certain limitations will apply to new users which will be lifted after you've verified your identity. This will allow you to take full advantage of the service.
Yandex has cashback offers and rewards for users who use the service. Alternatively, there's also other special promotional offers and discounts.
Deposits at casinos with Yandex Money
It is not difficult to make a Yandex Money deposit. You just need to choose this payment method from the 'Cashier' or 'Deposit' section of your casino. Input the amount that you wish to transfer to your online player account from your e-wallet. You'll then need to login to Yandex Money to complete the transaction. Upon approval, the money will be transferred to your casino account.
Withdrawals at casinos with Yandex Money
Yandex Money withdrawals, like deposits, are also possible assuming that you used this payment method to make your original deposit. After putting in your instruction to withdraw, the funds should be credited by into your Yandex Money e-wallet within minutes. Here you can choose to leave your money in your e-wallet or transfer it back to your bank account.
Yandex Money fees
Yandex Money is not a free service so you will need to pay to use it. These fees will be presented to you before your payment goes through. Signing up for the service is, however, free. If you don't use the money in your wallet for 24 months, then a 270 charge applies.
If you want to make a Yandex Money transfer to another user, then this is free if you use the mobile app. The website will cost you 0.5%. Money sent from your e-wallet to your online bank is 3% and 45.
If you decide to get the physical card, then there is a 100 service fee or 399 for the cost of postage. Virtual cards have no fees. If you withdraw more than 10,000, there is a 3% fee with a minimum of 100.
A full list of fees ↱ can be found on the provider's website. Some online casinos may apply their own charges on top so you should check to find out whether yours is one of them.
Yandex Money represents a great way for Russians to make online payments at over 75,000 points globally. The drawback is that it has not gained wide acceptance at online casinos as of yet although the prepaid Mastercard could be used to top-up your player account. Unfortunately, this would also mean that you would not be able to withdraw funds.
The process allows both deposits and withdrawals, is speedy and straightforward. Although there are fees, they are relatively low. Russian players who cannot find a Yandex Money casino might want to consider a Neteller casino or Skrill casino instead.
After you've confirmed your payment, your money will be credited within minutes.
Yes, you can make deposits and withdrawals if you're using the e-wallet. However, it is not possible if you're using your Mastercard.
Yandex is licensed by the Bank of Russia and is a joint venture between the largest bank in Russia Sberbank and NASDAQ listed Yandex. The company has been operating for many years and has a good reputation with their users. It's a safe payment method offered by a legitimate and regulated company.
Depending on whether you're eligible to receive a casino bonus, you can also claim the bonus when making the deposit with Yandex Money, unless the casino excludes e-wallet payments from bonus offers.
Yandex Money is a joint venture company between Russian bank Sberbank and Moscow-based Yandex, which is a NASDAQ-listed company.