Updated: 2024
UK Sites Accepting Moneta Payments
About Moneta
Moneta is a popular payment method in the Russian Federation and used by Russia facing casinos across the world. Established in 2005, Moneta is owned by NCO Moneta.ru (LLC). Shortly after its inception, Moneta quickly rose to prominence. It is licensed by the Central Bank of the Russian Federation which establishes credibility and trust in their operations.
How Does Moneta Work?
Moneta is a digital e-wallet system and the largest of its kind in Russia. Initially, Moneta allowed funds to be added to the wallet via net banking. But as they grew, they collaborated with a number of agencies. Currently, Moneta is in collaboration with over 25 agencies.
This makes deposit hassle-free as users can easily approach any one of those agency outlets and add money to the Moneta wallet. Additionally, deposits can be made via Visa, MasterCard and PaySpark bank cards along with other e-wallets such as Yandex, uKash and Neteller. Transferring money from one Moneta e-wallet to another is instantaneous.
Withdrawal is pretty simple and almost everywhere in Russia, you should get Moneta as a payment option. However, each withdrawal is subject to a verification which can take up to 3 business days. Once verification is complete, money should hit your account within 24 hours.
Using Moneta for Online Gambling
Unlike some other payment methods, Moneta has been designed to facilitate online gambling-related payments since the beginning and nowadays it is a mainstay of all Russian or Russia facing online casinos and sportsbooks. Processing transactions through Moneta is smoother than bank transfers and it allows players to keep their gambling activities and bank accounts separate.
As of today, Moneta supports only 4 currencies, EUR, RUB, USD, and GBP. Also, Moneta can only be used if the casino of your choice lists Moneta as a payment method. However, US-centric or US-friendly casinos usually do not list Moneta. But that still leaves a fairly large amount of casinos at your disposal which supports Moneta.
Note, if you are withdrawing winnings from an online casino to your Moneta wallet, you must have completed at least one deposit to the wallet in the last 6 months. Else the withdrawal cannot be made.
As most online casinos operating out of the UK allow Russian players, Moneta can be used as a payment method with easy conversion between GBP, EUR, and RUB.
Moneta Fees
Perhaps the only downside of using Moneta is that their commission or fee for each deposit is slightly on the higher side. The fees are variable and depend on the payment method being used to deposit funds. If you can get past that and are able to open a Moneta account, it could be a super convenient way for gambling and handling other financial aspects.
Moneta charges fees for each deposit and withdrawal, rates vary depending on your method of transaction.
No, Moneta only allows persons in the Russian Federation to use the service.
There are plenty of UK and European casinos that support Moneta. Many of them are properly licensed and trusted in the business.
From smartphonegambler’s News
Casino
Are you by chance looking for the best UK online casino to start off your 2024 just right? SmartphoneGambler is . . .
Read More
Sports
The games continue to come thick and fast as we approach the holiday season in this 2024/22 Premier League campaign. . . .
Read More Sports
It’s all change at the top of the English Premier League after Chelsea slipped to a surprise 3-2 defeat to . . .
Read More