Type of payment: E-wallet

What is

Moneta is an e-wallet payment system that started out as a deposit option for online gaming and gambling sites but nowadays also allows its registered clients (with a account) to make online payments to web merchants, internet entrepreneurs and online service providers.

Anyone can register to the Moneta service, open an (unauthenticated) Moneta account and use its limited (domestic) payment and money transfer possibilities. To benefit fully from all of the options of the e-wallet (for example, making an online payment to a non-Russian entity, such as an online casino) a customer needs to provide a Russian ID and additional identifying information. This ‘account authentication’ procedure makes Moneta a payment option that effectively can only be used by Russian citizens.

Upon registering the new Moneta client is provided with (or, optionally, has chosen) a ‘payment password’ with which transactions must be authorized. This password is different from the account login password (that’ s attached to a UserID, a mobile phone number or valid e-mail address) which means an extra security measure when making an online payment.

The Moneta e-wallet account is opened within minutes on the Moneta website and after this procedure (during which only some basic personal information needs to be provided) the wallet is immediately ready to use. By default an account with the currency Ruble (RUB) is generated and the subscriber has the choice between EUR, USD or GBP for a secondary account (with a proper account number). Now the wallet needs to be uploaded with funds.

Regarding account funding options supports a huge amount of deposit possibilities such as by internet banking, bank transfers, other e-wallets, the VISA and MasterCard credit cards and by cash via one of the thousands of cash-in terminals (from different, affiliated and local operators) spread all over the Russian Federation. Although most deposits are concluded instantly the payment processing time also depends on the method chosen. And although for most deposit options no fees are charged for some services a (small) commission for funding the Moneta account needs to be paid. The same goes for withdrawing funds from the Moneta account to transfer to a regular bank account.

When the Moneta account is upgraded with sufficient funds an online payment can be made by clicking the Moneta button on the payment page of a website. A pop-up window asking to enter the amount to be paid or a payment form with all the data of the payment already filled in will appear.

After submitting the pop-up window the depositor is re-directed to the page to login onto the account, confirm the payment with the payment password after which the money will be immediately transferred from the Moneta account to the account of the recipient.

Moneta payments are not only carried out instantly, with the money immediately being available on the account of the recipient party but also completely anonymously as Moneta doesn’t reveal any of the depositor’s personal information to the receiver(s) of the payment.

Moneta can also be used (for free) to send money from one Moneta account to another Moneta account (money transfer). At any time the Moneta account can be accessed by an account holder via the Moneta website in order to manage and monitor the account.

Paying with in an online casino

To make a deposit with you need to opt for the service in the ‘e-wallets’ section of the casino’s payment page or cashier. Fill in the amount of money to be deposited, follow any subsequent instructions and within less than a minute the amount should be credited to your casino account. As instant is the payment, as free of any deposit service fee (by the casino) they are normally too.

Withdrawing with in an online casino

Withdrawing funds from an online casino account with Moneta is basically done in the same way a deposit with the wallet is made. Simply opt for Moneta as the preferred withdrawal option on the casino’s payment page, follow the instructions and complete the cash out.

Processing times and possible withdrawal fees may vary from casino to casino.

Advantages of using

The main advantageous features of the Moneta e-wallet as an online casino payment solution are:

  • The transactions made with the Moneta system are completely safe and secure as its operations are regulated and controlled by the Central Bank of the Russian Federation and all transfers are carried out according to the latest encryption and security measures;
  • Both depositing funds on the Moneta account as well as making an online payment is completed within minutes, with the money instantly available after finishing the transaction procedure;
  • Moneta payments are anonymous. No personal information about the depositor is ever revealed to third parties by Moneta;
  • The banking solution can also be used to withdraw funds from ten casino account.

Disadvantages of using

The following disadvantages can be recognized in Moneta as an online casino banking method:

  • The biggest disadvantage is the Moneta e-wallet service is practically only available (to the full extent of its usage options) to Russian citizens. Only as an ‘authenticated’ Moneta account the same becomes a perfect tool when depositing or withdrawing money in an online casino;
  • charges service fees (commission) for some of its features.

Where to pay with

Although Moneta as a banking option already can be found in various Netent Casinos it’s likely in the near future even more Netent Casinos will have this payment option available for their Russian clients. The list in the side-bar of this page shows in which Netent Casinos the e-wallet is an accepted banking option.

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