Yandex Money serves individual and business clients in CIS countries mostly. However, it is accepted worldwide as a payment system, so there are plenty of Yandex Money casinos in SA.
It is a joint venture with a large Russian bank, so the payment system issues credit cards that can be used to access Mastercard point of sale terminals. It is an online and offline payment system.
However, the verification process is way too complicated to make it of any use to people outside Russia. The thing is, you have to send your documents via mail over to Russia for your account to be verified. This means paying for shipping overseas and waiting for your application to confirmed by the experts at Yandex.
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How To Use Yandex Money At Online Casinos
Yandex Money is a very simple to use e-wallet, but for South African players there are a number of obstacles to using it.
First you have to verify your account. What it takes is filling in an application form, gathering a set of documents that the company asks for, finding a Russian translator to translate your ID in Russian, and sending the notarized copy over to Moscow via mail.
Yandex Money doesn’t accept scans, nor does it accept copies that were not translated and notarized. You’ll have to pay both translator and any entity that has legal rights to provide notary signatures.
You can skip this process, but if you do, you can’t operate with more than R3,000 a month.
When you have done all that, and your account is verified by the company’s employees, you have to make a deposit. As an SA resident, you can’t do that with a Visa or Mastercard. You have to get paid by someone via Yandex Money, make a bank transfer, or use a third party exchange to buy Yandex Money e-currency. Note that banks will charge fees for an international transfer.
If you go through all these stages, the process of making a deposit at a Yandex Money casino is simple, intuitive, and secure.
Here are a couple of other things that you may want to know before using Yandex Money as a payment method.
Deposit and Withdraw
Many casinos in SA accept Yandex Money as a payment method, but some don’t accept it as withdrawal method for some reason. This means you’ll have to think of another option for withdrawing your winnings.
Minimum deposits at Yandex Money casinos start at $10. The common advice is to deposit more the first two to five times because you might be losing bonus money that casinos are offering.
Countries where Yandex Money is accepted
Even though Yandex Money is a global payment system, most shops that accept it are situated in CIS countries. Russia, Belarus, Kazakhstan and others use it very often. In South Africa, however, you will have hard times finding a seller who is willing to take Yandex Money payments.
Yandex Money credit cards can be used in South Africa, but waiting for one is too long to make it worthwhile.
You don’t have to pay a fee to the casino you are making a deposit at, but you’ll have to pay a 0.5% transaction fee.
Online Casino Software Providers That Accept Yandex Money
There are a lot of Yandex Money casinos in SA, but finding the one that has your preferred game developer can be a challenge. Here are some popular ones that will take your Yandex Money payment.
Playtech Yandex Money casino
Playtech is a veteran of the industry. Its games represent the very best practices of online slots. Looking for classic 5-reels with 20 paylines? Playtech is your choice. They have plenty of games that play and feel like a land-based casino slot you can encounter anywhere across the world.
Take a look at Alchemist’s Spell or Angel or Devil. The first one is a wonderful example of a classic slot. Three reels and only one payline, with symbols of magic-related things. The stakes are as low as it can get. Try this great entry-level slot for real money at Omni casino.
Aristocrat Yandex Money casino
Aristocrat is another vintage slots developer. They stay true to the old ideals of the quality of the gameplay. and constantly produce old fashioned slots that keep millions happy.
If you are a player who likes vintage looking slots, check out Werewolf Wild or Zorro from Aristocrat. You can do that for free here at CasinoHEX or try them for real money at Casino.com or Playmillion.
Microgaming Yandex Casino
Microgaming is an old developer that keeps the innovation going. It has some great old school games and amazing 3D slots as well. Microgaming is not afraid to push the limits when it comes to experiments in gameplay, just take a look at their slot Bowled Over.
If you want to check out an entry-level game with amazing graphics, chose Robin of Sherwood. Play it at Mega Casino and PlayMillion.
WMS Yandex Money casino
WMS is the definition of classic in games. It owns some of the great titles like Monopoly series, The Wizard of Oz and Star Trek. One of the best games in its arsenal is Frozen Inferno. A Diablo 2 lookalike, it gives you two options to choose from that make a great impact to the whole gameplay. Check it out for real money at PlayMillion or Mega Casino.
Pros And Cons Of Using Yandex Money in Online Casinos
If you’re not sure whether to use Yandex Money at an online casino, take a look at this brief synopsis.
The commissions at Yandex Money are very low. Only 0.5% for online payments. This beats most players on the market.
Yandex Money is safe. You have plenty of security options at this platform to make sure your account cannot be misused by anyone.
Perfect for Russians, this payment system is not the best choice for South African players.
As many others, this e-wallet requires user verification to give you access to larger amounts of money you can make payments with. Anonymous accounts can only use R3,000 a month, which is clearly not enough.
The verification is where real problems begin. You have to send a translated and notarized copy over to Moscow via mail. Scans won’t do, notarized copies only. This will cost you a lot in both fees and time you’ll have to wait in order to get your profile verified.
Also, you can’t top up your wallet with your credit card from South Africa. You have to either use bank transfer, or a third party exchange to but Yandex Money e-currency.
Yandex Money can be a great payment system if you already have a verified account. Working with Russian or East European clients can be one of the possible reasons.
If you don’t, getting an account and verifying it just isn’t worth it. You should look for the alternatives instead.
The Current Situation with Yandex Money in South Africa
Yandex Money is widely accepted in CIS countries like Russia, Belarus, Kazakhstan, Kyrgyzstan, and others. Even though it is accepted as a payment method in SA, it is not widespread, and not all places allow it.
There are no Yandex Money kiosks in South Africa, nor do brick and mortar stores accept it at their points of sale. It is confined to online payments only.
Alternatives to Yandex Money for Making Deposits at Online Casinos
The chances are you don’t have a Yandex Money account, and getting it would be too much trouble. If you don’t, take a look at these alternatives instead.
Paying at an online casino with a credit card is the basic option that many players use. It is safe, fast, and you don’t have to pay any fees except those that your credit card provider takes.
Paying with Yandex Money can be faster, but is the verification process worth it?
This is a difficult one as well. Making a bank transfer at a Yandex Money casino is possible in most cases, as nearly all casinos accept it as a payment method. However, it will take a trip to a bank to make the transfer over the counter, and you’ll have to pay fees as well. Withdrawals can be too long to process.
Bitcoin casinos, Neteller and EcoPayz are a great alternative to Yandex Money as a payment method. They may charge more fees, but are easier to operate.
Safety of Yandex Money Gambling Transactions
Safety is where Yandex Money looks best. They use PCI DSS protocols to ensure your transactions are as secure as possible. You can opt in for SMS verification that will cost you R80 a month.