It is no secret that the Latin American online gambling market is flourishing, with so many Mexican players joining online casinos left and right; and many of these Mexican players love using Paynet as their primary choice of payment method. That's because this is an already well-established payment network in the country, with millions of users, the bridge that allows them to use cash online. What the solution does is help Mexican users generate a code at a merchant's site, then go physically to one of the many affiliated stores to complete a purchase or pay for a service with cash. We'll go into details soon enough, but for now, you should know that the solution has made its way across many online casinos catering to Mexican players, so if one, stay with us to learn more about it. What is Paynet and why decide to use it as your deposit method at a Mexican online casino?
About Paynet
Paynet is offered by OpenPay, a payment platform that allows Mexican users to pay quickly and easily across online platforms. It allows businesses to use its website or app to accept payments by users, and that’s why it is one of the most popular platforms in the country offering such services. The company was founded in 2014 and is headquartered in the Ciudad de Mexico (Mexico City), with close to 500 employees making sure the system works impeccably. The minute it launched, it opened the doors of eCommerce in Mexico and LatAm, and when it debuted the Paynet solution in 2020, it only furthered cemented its position as a leading payment method in the country.
With its 30,000 affiliated stores, this is one of the networks with the greatest coverage in Mexico, allowing businesses to receive payments and sell online in no time, and allowing users to make smooth payments and purchases online using cash. The way it works is, that the user requests a transaction via it by selecting it on the merchant's website, and then waits for a code to be generated. The code is sent to the merchant and then the user goes to one of the many affiliated stores in the network to complete the payment in cash. Then, the store sends the payment to the merchant via their OpenPay account and the funds reach the merchant’s bank account in no time.
All banks in Mexico are part of this network, meaning regardless of the bank the merchant holds an account with, they’ll be able to receive the payment. This brings us to what interests us the most: its availability across online casinos. You will find the solution across online casinos based in Mexico, with an active bank account. Such sites are plenty, so continue reading to figure out the exact steps you need to take to start depositing with the solution in no time.
Getting Started with It
While we basically just described some of the steps you need to take to get started with the solution, we’ll get into details now. So, the first condition you must meet in order to be able to use it is to be a Mexican citizen. As long as you are, you are good to go. The second condition you must meet is to join an online casino that accepts the solution and is registered in Mexico. Assuming the casino you’ve joined accepts the solution, it means it holds a bank account with a Mexican bank, any bank, so you don’t need to bother with that.
The next step after you join the casino is to go to its Banking page and find the Deposits section. From the methods listed, select the solution and set the amount of money you’d like to eventually deposit at the casino. Wait for the payment reference to be generated and either capture it with your mobile device or print it, and then take it to any of the over 30,000 affiliated stores available. To mention some, you’ve got Walmart, 7Eleven, Kiosko, SYStienda, and Waldo’s. Select the nearest store to your location and physically visit it, to give the payment reference to the cashier at the store and complete your payment in cash. The payment will be registered in OpenPay’s system and the money will be transferred to the casino’s bank account via the system and immediately available on your casino balance, for you to start playing right away.
Now that you know how uncomplicated the solution is to use, and how safely your cash is handled, it is time to learn how to use it across the online casinos that accept it. With it, you won’t ever need to use a credit card or bank transfer to make a deposit at an online casino, and you'll keep all your sensitive details safe.
How to Deposit with Paynet at an Online Casino?
You would need to do your research and look for online casinos that accept the solution, first and foremost, because as explained, the casino must be a registered merchant with the OpenPay system in order for you to be able to use the solution for deposits. Here at LCB, you will find at least two excellent sites to join, 10Bet Mexico and Betsson, but feel free to expand your search and look for other options to consider.
The minute you decide on the site to join, register a player account with it. Finally, to make your deposit with Paynet, go through the following procedure:
- Head over to the Banking page on your registered player profile.
- In the Deposits section, look for Paynet’s logo and press it.
- In the pop-up, just enter the amount you wish to deposit.
- The minute the payment reference is generated, capture it or print it out.
- Take the reference with you to the nearest affiliated store and complete the payment in cash, as explained in the previous section.
- In no time, the funds will reach your casino balance.
How to Make Withdrawals with It?
The solution works one way only, meaning that you won’t be able to make withdrawals with it. You can only use it to send cash online, and not to receive cash.
Therefore, when you wish to cash out any winnings you make, you should look for alternative withdrawal solutions, like SPEI or CoDi for instance, which are excellent local solutions to use for cashouts.
Applicable Fees
No fees whatsoever apply when using Paynet for depositing at an online casino. Neither will the solution charge any, nor will the casino.
This is a payment network created to facilitate the way users make transactions online using cash, so you can rest assured that it is also one of the most inexpensive methods to use for online gambling transactions.
Accepted & Restricted Countries
It is pretty clear that the solution only functions in Mexico. Unless you're a Mexican user who has access to the affiliated stores, you won't be able to use it.
You will only be able to use it if you can find it on the list of accepted methods at a Mexican casino, for that matter, so make sure you look for such sites in order to enjoy its perks.
Available Currencies
The Mexican peso is, of course, the default and only currency you’ll be able to use when you decide to use the solution.
You’d need to have the money you want to deposit in cash in Mexican pesos and take them to the affiliated store to complete the payment. The money will arrive at the casino, meaning your casino balance, in Mexican pesos, meaning with no conversion fees, since the Mexican casino you joined probably accepts your native currency.
Customer Service & Support Options
When you visit its official website, you will notice that no Customer Support page is offered. However, you are free to try OpenPay’s phone line at +52 (55) 5022, its email address support@openpay.mk, or its Twitter profile, in order to get the answers you need.
You can, of course, also get in touch with the casino you chose to join, its Customer Support, if you're having some issues or questions regarding your deposits with the solution. They are trained to help out with incoming and ongoing transactions, so you should get the assistance you require.
| Paynet payment method fees and facts | |
| Paynet is popular in these countries Mexico | |
| Countries restricted from using Paynet | Australia, Canada, United States |
| Available accounts | 1 account |
| Link to terms & conditions | https://www.paynet.com.mx/ |
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FAQ's
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