How money becomes perfect? It seems like Perfect Money may know the perfect answer. Perfect Money is an all-purpose international banking method that allows users to make instant online payments. Being around since 2007, the company managed to build quite a reputation. So, online casinos soon also started paying attention to this eWallet. Consequently, they listed Perfect Money among other payment methods.
Perfect Money allows gamers to deposit and withdraw winnings from casino sites. Setting up an account is straightforward, and the service itself is flexible and easy to use. The payment processor enables several options to fund the eWallet. The deposit services you can use depend on your country of residence.
For example, a standard bank transfer is available across the globe. But, casino players from Germany, Switzerland, Belgium, and Austria can use instant bank transfers. Gamers from Russia and Ukraine can top up the Perfect Money balances via thousands of cash terminals. Finally, Perfect Money offers a virtual prepaid card, electronic currency and supports Bitcoin. To sum it up, Perfect Money provides a wide range of financial operations.
With over a decade of hands-on financial experience, Perfect Money deserves to be looked at closely. Especially after reading that the online payment system was developed by a team of experienced bankers, economists, fintech experts, and even lawyers. Furthermore, the company prides itself on offering the ideal payment method you can use anywhere in the world. We have to admit that this is a pretty bold statement. So, we set out to examine Perfect Money and deliver a detailed review. The CB team of experts wants to help you decide if this may truly be your perfect online casino payment method. So, keep reading.
Everything we’ve said leads to a conclusion that Perfect Money must be one of the casino banking staples. However, the reality is a bit different. Knowing that the e-payment system has been around since 2007, the number of online casinos accepting Perfect Money deposits is still relatively low.
However, the number of casino venues with Perfect Money in the cashier section is growing. The good news is that gaming venues that accept Perfect Money payments are reputable casino brands. One such notable brand is 1xBet. Read our in-depth casino review and test if Perfect Money deposits work for you.
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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
Perfect Money was founded in 2007 by a team of bankers, economists, lawyers, and fintech specialists. They aimed at developing a full-fledged financial service that supports both individual and business accounts. You can open accounts in USD, EUR, BTC, or even troy ounces of gold and start online fund transfers immediately. If you wish to make bank transfers, you’ll need to verify your profile. The procedure requires you to upload a photocopy of your valid ID, provide a phone number, and answer the phone call. So, the authentication process is fast. It allows you to start paying with bank transfers and even reduce service charges for processing domestic payments. One of the available options to fund your Perfect Money eWallet is Western Union.
You can use the payment provider for various purposes. You can shop online, send and receive money, and store funds and receive monthly interest. Also, you can keep your assets in cryptocurrency and buy Bitcoin and gold or exchange USD and EUR online. Perfect Money even markets its own digital currency and says that you can exchange it for cash or other electronic currency. You can find a list of more than 250 certified exchange partners the company recommends you to use for exchange purposes.
The company is supposedly based in Panama. In 2013 the media reported about the incident that involved Perfect Money. Cybercriminals allegedly used Perfect Money digital currency for money laundering. After such accusations, Reuters tried to reach out to the company for a comment. But, they failed. Reuters also couldn’t determine who owns Perfect Money. The Panamian government said that Perfect Money didn’t have offices in this country. Furthermore, the government confirmed that the company didn’t receive any license from the country regulators to operate there. Another piece of information we found regarding the company is that it was founded in Panama but has an office in Zurich, Switzerland. But, if you open the Contact us page, you will also see Startup Research & Investments mailing address in Hong Kong. Confusing, indeed.
Making deposits with Perfect Money is really perfect. But, before you start, make sure to top up your Perfect Money account. Visit the online casino of your choice and log in. Or create an account if you don’t have it. Now, visit your profile page and go to the Deposit section. Look for Perfect Money logo among deposit methods and click on it. A new window will pop up asking you to provide the account number, password, and the sum you want to deposit. Confirm the transaction, and that’s it. You can go to the casino’s game lobby to pick your favorite game.
Although deposits are straightforward, you must have noticed one interesting detail. We haven’t mentioned any authentication requirements. Unlike other digital wallets, Perfect Money doesn’t have automated security measures like SMS one-time password. To enable such protection, you need to set it up yourself within the account. We consider this a major security flaw that needs to be changed ASAP.
As for withdrawals, the procedure is identical. Log in to your account and head straight to the cashier section. Choose Perfect Money as your preferred withdrawal method. Enter the exact amount you want to cash out and provide your account number and password. Now, you only need to wait a bit to see the funds arrive in your account.
Yes, you will be able to withdraw winnings with Perfect Money. However, keep in mind that online casinos have different T&C and business models. In other words, some casino sites may not offer withdrawal services with Perfect Money. We advise you always to visit the casino’s banking page and carefully read the Terms and Conditions before you deposit funds. If the casino doesn’t allow cashouts with Perfect Money, you need to check which alternatives you have at your disposal. And then select the one that best suits you.
Perfect Money charges a 0.5% fee for bank transfer deposits. If you need to exchange the currency, the company applies the daily market rate. Internal transfer fees range from 0.5% for verified and Premium accounts to 1.99% for unverified ones. There are no annual maintenance fees. But, believe it or not, if you activate SMS security notifications, you will pay $0.1 for each SMS. Also, if you need to restore the account, the service will cost you $100. Perfect Money allows you to withdraw the funds from the wallet to your bank account. However, you will pay a bank wire transaction, starting from 2% + bank fee.
The deposits with Perfect Money are processed immediately. Surprisingly, withdrawals are also pretty fast. You can expect to see the funds in your account within 24 hours. However, remember that casinos have different pending periods. It means that at some Perfect Money casinos, you may wait longer to receive the funds. The service allows you to transfer the funds from the wallet to your bank account. Transactions via wire transfer usually last 2-5 business days.
Perfect Money doesn’t provide standard customer support. You can’t send them an email, speak to a live agent, or use live chat to reach out to the support. The company says that email communication is not safe enough as messages can be intercepted. So, they decided to offer a secure ticketing system.
The system issues unique PIN codes for each ticket you submit. You will use the PIN code to access the conversation between a support agent and yourself. We consider this as a good solution as many tickets and responses to them contain sensitive data. However, having a ticketing system as the only communication channel is unacceptable.
Although Perfect Money is not as popular as some other eWallets, it has its advantages for online casino gaming. Perfect Money offers its services across various markets, including the EU countries, Russia, India, and Latin America. This is a flexible and convenient payment method that allows you to use multiple currencies. You can create an account in USD, EUR, and Bitcoin.
One of the main benefits is that Perfect Money will allow you to both deposit and cash out winnings from your casino balance. Deposits are instant, and withdrawals can be super fast. Finally, the company strives to ensure maximum safety, offering a secure ticketing system to contact customer support.
Perfect Money deposits are processed instantly. It means that you can start playing your favorite games within minutes.
Online casinos usually don’t charge you for depositing funds via Perfect Money. But, the service has various fees that range from 0.5% to 2%. We advise you to visit the website and check out the Fees page for more details. Only Bitcoin transfers are fee-free.
Yes, you can. The process is easy as depositing funds. But, please do double-check if the casino allows withdrawals with Perfect Money. If not, select an alternative option that best suits you.
Yes, it is. The service utilizes the best security options available today. It includes an IP identification, a code card, and special SMS authorization. In addition, the service uses an intelligent anti-fraud screening system allowing them to track and prevent fraudulent transactions.
Unfortunately, Perfect Money doesn’t support live chat or email support. The only way to communicate with the help is via the ticketing system. If you have an account, log in and submit the ticket using internal mail.