Digital e-wallets have become very popular forms of sending and receiving money in these modern times. So, it should come as no great surprise that you have many options to choose from. These transfer methods are always useful for those who enjoy online casinos and the SticPay casino payment app has enjoyed a fair amount of publicity.
However, it is still a good idea to take a look at a handful of important questions. What exactly is SticPay? Why are some users choosing to play at online casinos with SticPay as an option? How do the mechanics work and might there be any drawbacks to take into account? Our team has performed a great deal of research in order to provide you with clear answers to these and other questions. So, let’s take a closer look.
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What is SticPay?
SticPay is essentially a global online transfer service which allows customers to send money to and from their accounts within a matter of seconds. Unlike traditional banks, there are few geographical limitations.
It should be mentioned that SticPay is primarily focused upon the Far East at the moment (nations such as Japan, Indonesia, Malaysia, and the Philippines). Its developers also claim that this e-wallet can be useful when dealing with non-major currencies. This is advantageous when travelling abroad or when performing an online transaction. So, it is clear to begin to see why SticPay casino payments have been gaining a fair amount of popularity. Now that we have taken a look at the basics of this platform, let us examine the mechanics in more detail.
How Does SticPay Work?
This online transfer service allows its users to send and receive the money within a minute (according to SticPay developers). This is obviously beneficial when compared to standard bank transfers, as hefty fees can be avoided and the process itself is dramatically shortened in terms of how long it will take for the funds to clear.
Another interesting feature can be seen in a proprietary credit card known as the STIC Card. It is claimed that this card is already accepted in thousands of stores across the globe and that the number is increasing.
Similar to a standard credit card, the STIC Card allows users to pay for goods and services without needing to use cash (once again a nice touch when traveling abroad). It is likewise possible to instantaneously transfer money between a personal SticPay account and a merchant-approved SticPay account when needed.
So, what about SticPay casinos for players? It is now a good idea to examine the registration process in greater detail before moving on to analyze other concerns such as deposits, withdrawals, and online security.
How to Use SticPay at Casinos
In order to access any type of SticPay deposit option, it is first necessary to open up an account. The process itself is quite similar to the methods required by other online transfer services. Here is some basic information that will be needed if you wish to validate your account:
- Your full name and email address
- Your physical address.
- Proof of residence (such as a monthly billing statement).
- Some form of legal identity. Examples include a driving license, a passport, or a government-issued identification card.
In the majority of cases, you will be placed in contact with a customer service representative during the initial registration process. He or she will ask for digital images of the proof mentioned above via email. However, it may also be possible to participate in a live chat session in order to supply the necessary materials.
Let’s now assume that you have completed the registration process. The next step involves placing your first deposit within the account. At the time that this article was written, the minimum deposit was $125 CAD. However, please note that this is based on exchange rates.
So, be sure to look at the current exchange ratios before making the deposit. Once this money clears, you can begin to make additional deposits or withdrawals in a similar manner to other electronic transfer services.
A Look at the SticPay Deposit Option
Deposits are clear and straightforward. Here are the currently supported methods:
- Credit cards such as Visa and MasterCard
- Local bank wire transfers
Keep in mind that there are different fess associated with the type of transfer method that you choose. Here is a quick breakdown:
- International wire transfers: 1 per cent
- Local transfers: 2 per cent.
- Visa and MasterCard: 3.85 per cent.
- Bitcoin and Litecoin: 1 per cent.
Peer-to-peer (P2P) transfers are capped at a standard 1 per cent. Although the money should be immediately visible within your account once the deposit has been completed, it may require a bit more time to clear. This normally depends upon your financial institution, so make it a point to speak with a customer service representative if you have additional questions.
Casino Withdrawals with SticPay
Let’s now imagine that you wish to use the SticPay casino withdrawal option to send money to a specific gaming website. In this case, the process itself is just as easy. First, be sure to check the list of online casinos accepting SticPay. You will otherwise have to use a different method.
Assuming that you have found one or more online casinos with SticPay as an option, you can simply click on the “send” icon and choose the exact amount. Once again, there are some fees to take into account:
- Bitcoin: 1.2 per cent
- Litecoin: 1 per cent
- STIC Card: 1.3 per cent
The casino in question may or may not charge additional fees. Once again, always be sure to perform research in advance.
Is SticPay Safe to Use at Casinos?
As SticPay casinos for Candian players safe? This is obviously an important question that deserves to be addressed before moving on.
SticPay has introduced several robust measures in order to ensure that your information remains safe. First, the funds themselves are stored in segregated accounts. This dramatically decreases the chances that an unauthorized individual will gain access.
Like other e-wallets, SticPay employs SSL encryption so that all data is scrambled as it is being transmitted. Matching digital “keys” are required at both ends in order to decrypt this information. Many other financial institutions and even some governments use this method, so safety should never be a concern.
As SticPay is regulated by the Financial Conduct Authority (FCA), it is also required to adhere to very strict protocols in terms of security and transparency. This firm is likewise the rules put forth by Companies House. All internal accounts are audited on a regular basis in order to ensure that no irregularities are present.
To put it simply, you should not be concerned about the security of your funds or personal details when using the SticPay casino transfer option.
The Best Online Casinos Accepting SticPay
We now come to another important section of this article. What about SticPay casinos for players? What are your options at the moment? For casino players, it’s important to have in mind that this method has wide use in The Philippines, Indonesia, China, Japan, Australia, and many more countries are listed as available for its use. That opens a wide window of opportunities to explore many online casino brands available around the world. Simply navigate to the SticPay merchant page and we are sure that there are many brands listed there.
The Pros and Cons of SticPay
Let’s now conclude by highlighting all of the facts and observations that have been outlined above. While SticPay is indeed impressive for a number of reasons, here are some of its most interesting features:
- Very easy to send and receive money.
- Generally low transfer fees.
- SticPay has begun to accept cryptocurrencies such as Litecoin and Bitcoin.
- Apps are available for iOS and Android devices.
- Clients have been impressed by the level of customer support that SticPay provides.
There are still some profound drawbacks which need to be highlighted:
- The majority of consumers have claimed that the verification process is quite difficult and time consuming to complete.
- SticPay is still finding a way to reach major brands in some countries.
If you would like to learn more, please feel free to navigate to the official SticPay website. Good to know is that SticPay does support CAD and as soon as it finds a way to more online casinos that would be a great advantage for casino players. You can also choose to bookmark this page, as we will be updating information on a regular basis. In meantime, we can recommend Interac as a reliable and safe payment method for casino Players.