PayDo is a new kind of banking service with its own ewallet. We explain how it works and show you the most reliable online casinos with PayDo in Dutch. Learn all about the limits and fees in Pay Do casinos, which are supported by quite a few online gambling companies.
Best PayDo Casinos 2023
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What is PayDo?
PayDo is an electronic money institution based in the United Kingdom and fully licensed and regulated by the FCA. This means that all players' funds are safe and protected as the company is required by law to hold funds in segregated EU bank accounts. Pay Do provides services of creating individual IBAN accounts for users for over 170 countries worldwide and supports four major currencies (EUR, USD< GBP, and AUD), as well as over 200 global currencies that can be converted on the spot.
Pay Do is not just a payment gateway, but a full-fledged internet bank that offers a full range of payment solutions for both private individuals and legal entities. This payment provider provides European IBAN data for payments to legal entities and private individuals. Users can remotely open an account and manage business and personal financial flows, and send and receive SEPA, SWIFT and TARGET2 payments. In addition, Pay Do offers a deposit gateway and a merchant account with various payment methods and support for international acquiring.
Using PayDo in online casinos
Players who want to use PayDo for their online casino transactions should have no problems. The process is similar to using other e-wallet services:
- Select PayDo as the preferred option in the casino checkout.
- Enter your PayDo account details and log in.
- Confirm the transaction from PayDo to your online casino account, and the funds will be available immediately.
You can top up your PayDo balance in several ways, using connecting to your cards, such as Visa, MasterCard or Trustly, Neteller, Rapid Transfer or VISA . That is the simplest solution that guarantees that you can always add more money in seconds.
Costs and limits
Creating and using a PayDo account is completely free. So there are no registration fees or monthly management fees. Moreover, the cost structure within PayDo is very customer-friendly. A SEPA transfer costs only 0.1% of the amount transferred (0.2% abroad). If you want to send money to a friend's PayDo account, the fee is a fair 0.5%. However, transfers to a credit card are subject to a 2.5% plus AUD4 charge. To top up the account there are no costs for the classic bank transfer, but 3.4% for a deposit by credit card.
Most importantly, however, there are no fees associated with making a deposit at an online casino . The reputable payment service itself does not charge any fees at the casino and therefore deposits in PayDo casinos are completely free. In terms of limits, PayDo has an excellent position. Because there are no limits with the payment provider itself! In online casinos that accept PayDo, on the other hand, there are indeed maximum amounts. You are only allowed to deposit AUD900 per transaction, and the minimum amount is usually AUD20.
Unfortunately, you cannot cash out via the payDo wallet. You are free to deposit with payDo in an online casino, but not to cash out. In plain language, this means that you have to pay out all winnings differently in the relevant casino. As a rule, only a few payment methods are available for this, because it usually concerns the payment method of the classic bank transfer. So you pay with payDo and you pay in the casino via bank transfer. That is why we recommend choosing a casino with a fast payout .
Advantages and disadvantages of PayDo betting sites
We have listed the advantages and possible disadvantages of the payDo e-wallet for you, so that you can see at a glance what you can and cannot benefit from!
- High degree of security.
- Supports more than 200 currencies.
- Renowned UK payment gateway.
- Fast registration.
- Licensed service.
- Can be used in foreign casinos .
With these advantages you are sure to have the best option to make a deposit in the payDo online casinos and challenge the fortune. Nevertheless, we do not want to deprive you of the disadvantages of the pay Do e-wallet and also mention it for you.
- High credit card limits.
- No payouts possible.
- So far only few new casinos accept it.
Also the drawbacks are kept quite manageable and payDo will certainly be able to solve most of them quickly.
Which Pay Do alternatives are good?
Since safe online casinos with payDo are usually still relatively unknown, you probably pay more attention to the better-known casinos. You don't come across the payDo provider too often here, so you have to look for alternatives. Fortunately, there are quite a few, so you won't be left empty-handed. So if you are looking for the common e-wallets, we can recommend the MuchBetter casinos . Classic payment methods and alternatives to the PayDo wallet would be bank transfer, credit card, Paysafecard and even cryptocurrencies.
Frequently Asked Questions
What is PayDo ewallet?
PayDo is similar to Paypal. More than 200 currencies are supported by this ewallet, which can be supplemented with Trusty, Neteller with other special banking services (VISA, Sofort).
Is PayDo a safe casino payment method?
Yes. PayDo is a lesser known, but fully licensed and regulated payment processor from the UK and regulated by the FCA, meaning you don't have to worry about the safety and security of your funds.
How can I top up my balance?
There are several ways to add money to your PayDo account, the easiest is to connect your debit card. With this method you can easily add money to Pay Do in a matter of seconds.
Are there many online casinos using PayDo?
Not at the moment, but we expect the number of providers accepting PayDo to increase as the method gains popularity with businesses and individual users.
Can I pay via PayDo from my phone?
Yes of course. You can use the casino's mobile site or app to fund your account via PayDo just as easily as if you were doing it from a desktop computer.
Do PayDo Betting Sites Offer Welcome Bonuses?
Yes. Casinos that accept PayDo also have generous welcome bonuses for new players, and you can take advantage of these offers when you make your first or first few deposits.