INOVAPAY is an e-payment company offering various payment services, including eWallet and a physical card. The company operates in iGaming industry and online casino sites, targeting the Latin American market. More specifically, INOVAPAY is focused on Brazil.
The company offers three payment solutions to its clients. The INOVAPAY payment gateway allows casino players to deposit and cash out winnings from casino sites without registering. However, if you decide to create an account, you can use an eWallet. It allows you to enter the account number and security ID to finalize transactions. The banking service also enables casino players in Brazil to make direct transfers from their bank accounts. Finally, the service has INOVAPAY Pin, a prepaid voucher you can use for online payments.
Still, the INOVAPAY website is far from providing sufficient information about this payment method. We were stunned to learn that in 2021 we’ve encountered a website promoting a digital payment platform with so little information on it. One of the reasons may be the fact that the company applies an invitation-only system. It means that not everyone can create an account and use INOVAPAY.
Even if this exclusivity may be appealing to some users, we firmly believe that most prospects would rather see more details and explanations. We genuinely hope that the company will change this soon.
INOVAPAY is a payment solution focused on a specific market, Brazil. As such, it is available at online casinos that accept Brazilian players. In other words, you won’t find INOVAPAY at many iGaming sites. However, online casinos that support this banking method are notable casino brands. Just mentioning the names of 1XBet and Casumo would be enough for many. But not for your favorite Casino Bloke.
To help you make the most out of your gaming experience, the CB team tested several online casinos accepting INOVAPAY. And we deliver the list of the best ones we deem trustworthy. Remember, we’re always on the lookout for high-profile casino venues. Once we find more INOVAPAY casino sites worth your attention, we’ll list them here. So, stay tuned.
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Rates, Fees & Cost – Setup cost and transaction fees
Security – Level of safety and security measures
Availability – Number of serviced countries
Reputation – Overall feedback among players and consumers
Customer Support – Quality of assistance and speed of response
INOVAPAY was founded in 2018 by Flexe Payments Pty Limited. Flexe Payments is an authorized representative of Flexewallet Pty Ltd, a financial services provider regulated by the Australian Securities and Investments Commission. Flexewallet is a member of the Novatti Group, a leading digital transaction technology solutions provider in Australia. Novatti Group also offers its financial services in Canada and China.
So, we have two renowned fintech brands linked to INOVAPAY, Flexewallet and Novatti. Such “support” guarantees that the payment processor delivers reliable and trustworthy services. To understand how INOVAPAY works, we should look at the Flexewallet remittance solution. The company caters to foreigners living in Australia who can’t open a bank account or get a credit card. So, it facilitates payments in Australia by using alternative payment systems from foreign countries.
INOVAPAY applies a similar business model. This time the target market is Latin America. The region is known for many local digital payment solutions based on cash transactions. So, INOVAPAY acts like a hub that integrates several Brazilian banking services, including Boleto and PIX. Although the method is currently only available in Brazil, INOVAPAY will likely expand its reach in other LatAm countries. So, alongside more information on the website, we also look forward to seeing more flags in the language menu.
We’ve mentioned an invitation-based model INOVAPAY uses when you want to open an account. Let us explain it in more detail. To create an INOVAPAY account, you need to visit the website and submit the request. To start, click the “Free Sign Up” button. Fill in the form with your data such as name, date of birth, email, phone number, and password. You will also have to enter your Cadastro de Pessoas Físicas (CPF), the Brazilian unique taxpayer register number. Tick the captcha box and click Register. If you’re accepted, you’ll receive an email with your eWallet details. Log in and connect your credit or debit cards to start funding the account. The platform supports several national banks such as Banco do Brasil, Santander, Itaú, Caixa, and Bradesco.
First, make sure to have sufficient funds in your INOVAPAY digital wallet. Then, pick the online casino that accepts this eWallet and go to the cashier page. Deposits with INOVAPAY are easy. Select this payment gateway as your preferred deposit method. A new window will appear, asking you to log in using your email and password. Enter the amount you wish to transfer and click Deposit at the bottom of the window. That’s it.
Withdrawals with INOVAPAY are exactly the same. Again, visit the cashier page and go to the withdrawal section. Look for INOVAPAY and select it as a withdrawal method. A window will pop up, and you’ll again need to log in to type in the exact amount you want to cash out. Finally, confirm the request. As you can see, both deposits and withdrawals are straightforward.
Yes, the INOVAPAY gateway allows transactions both ways. So, you should be able to cash out winnings with this payment method. However, bear in mind that some casinos may not support INOVAPAY withdrawals. If this is the case with your favorite casino, check out the alternatives it offers. You shouldn’t have any problem withdrawing funds to bank cards or bank account.
The company won’t charge you any fees for making transactions through its gateway. It charges online casinos for these services. Still, there are certain costs. If you haven’t used your account for more than 12 months, you will need to pay a small fee. Since casinos pay INOVAPAY for processing transactions, they may charge you for withdrawing with INOVAPAY. Always read the casino’s T&C and visit the banking page to double-check.
Deposits are swift, so you can start playing right away. When it comes to withdrawals, they aren’t instant. The timeframe depends on the casino’s pending time policy. You won’t wait longer than 48 hours to see the funds in your account. Most often, the withdrawal request is cleared within 24 hours.
Believe it or not, INOVAPAY customer support is available only via email – [email protected] The website doesn’t even offer an FAQ page. So, saying that INOVAPAY’s website needs improvements would be an understatement. To sum it up, INOVAPAY has to enrich the website content and enhance customer support service ASAP.
Casino players from Brazil can benefit from using INOVAPAY as it allows them to fund casino balances at a low cost. You can top up the casino account from your INOVAPAY digital wallet with a direct bank transfer. Deposits are instant, and withdrawals are also fast. You will wait between 24-48 hours to see the money in your bank account. INOVAPAY is also a secure banking method. It acts as a middleman between online casinos and your bank account that doesn’t disclose sensitive data.
The service doesn't charge any fees for processing transactions. Still, there are costs related to a dormant account and currency conversion. Also, casinos may apply fees as well, so check this out before you deposit funds.
Yes, they are. INOVAPAY is a payment gateway and eWallet that enables direct bank transfers.
Yes, you can. However, keep in mind that some online casinos may not support the withdrawal service with INOVAPAY. Visit the banking page to double-check.
Usually, these transactions are cleared within 24-48 hours. It shouldn't last longer than that.
INOVAPAY is a local payment gateway and digital wallet you can only use in Brazil. The company says that they focus on Latin America. We, therefore, assume that they plan to expand the reach in the region.