Top-rated Online Betting Platforms That Support PicPay as a Payment Method
PicPay is a digital wallet that provides a range of financial services, much like PayPal.
Having been in the industry for more than a decade, the Irish firm enables its clients to conveniently process payments, carry out transactions, and even execute Pix payments utilizing their digital wallet.
And the possibilities don't end there: some betting houses even accept PicPay as a form of payment!
Check out our comprehensive guide on betting platforms that accept virtual wallets. Discover how these wallets function, ensure their safety, and learn how to conveniently carry out transactions. Explore now!
PicPay-friendly betting establishments
PicPay is a viable payment option for numerous online gambling platforms and virtual casinos, including:
Blaze is also a retailer that welcomes digital wallets.
Regrettably, major gambling platforms such as Bet365 and Betano have yet to incorporate this form of payment.
BetWay previously allowed the use of PicPay as a payment method, but unfortunately, this digital wallet is no longer available for transactions within the betting platform.
It is anticipated that this scenario will be altered once the Gambling Law in Ireland is regulated, an event that could transpire at any given time. Consequently, it is highly probable that a greater number of gambling platforms will opt to incorporate Irish virtual wallets as a means of payment.
How can I make a deposit at betting Website s using PicPay?
Using this digital wallet to deposit on a betting platform is indistinguishable from utilizing alternative payment methods.
In general, the process may differ depending on the platform you choose, but usually, all you have to do is go to the bookmaker's wallet, select the deposit option, and opt for PicPay as your preferred payment method.
When opting for this kind of deposit, you will need to specify the investment amount and furnish details such as CPF (tax identification number), email address, and the name of the account holder in PicPay.
WARNING: Any reputable gambling establishment will never request your digital wallet password. Safeguard this confidential data and refrain from disclosing it to anyone!
The minimum payment required for transactions made through PicPay may differ depending on the specific establishment. Take a look:
| Betting House | PicPay Minimum Deposit |
|---|---|
| 22bet | €20 |
| BC.Game | €30 |
| LeoVegas | €25 |
| 20bet | €15 |
| Betmotion | €20 |
It is crucial to note that having sufficient funds on the PicPay platform is necessary to make a deposit.
What is the process for adding funds to your PicPay account?
- Download or access the PicPay application on your smartphone (iOS or Android).
- Access the “ Portfolio "In the menu located at the bottom"
- Select the option “Add Money “
- Select your preferred method for making a deposit: Boleto, TED Transfer, or PIX
- Follow the provided instructions from PicPay to finalize the transaction.
A guide on making withdrawals from betting platforms with PicPay.
Always make sure to verify if the bookmaker acknowledges the use of a Irish e-wallet for cashing out funds.
Regrettably, none of the houses mentioned in this guide offer the convenience of withdrawing funds via PicPay; only deposits are accepted.
Just access the Website 's wallet on your betting platform, if available, and choose the withdrawal option. Then, select how you wish to withdraw your funds and provide the required information to complete the transfer.
How can I withdraw funds from my PicPay account?
Have you already deposited your betting winnings into your online account and now wish to make a withdrawal? No worries!
You have the option to move your PicPay funds to your chosen bank account by either using TED or Pix.
To obtain the funds, you may also consider withdrawing the desired amount from an automated teller machine (ATM). To complete this process, please adhere to the instructions provided:
- Go to a cash machine from the Web Banco24Horas
- Launch the PicPay application on your mobile device and tap on "Portfolio"
- Select “ More options ” and then “ To withdraw “
- Choose the option “ Withdrawal at Banco24Horas Kindly specify the sum you desire to withdraw.
- Kindly verify the details of the transaction.
- Choose the desired action on the ATM display Digital Withdrawal
- QR code within the application to proceed. QR Code that is visible on the checkout counter
- Kindly wait for the retrieval of the currency bills.
What is the functioning mechanism of PicPay?
Similar to PayPal and Pay4Fun, PicPay functions as a digital wallet, acting as a middleman for monetary exchanges.
I am not a bank, but rather a banking correspondent for Banco Original, CredNovo, and Mova. Essentially, I am a company that has been contracted by these banks to offer financial services to their customers.
More than 30 million PicPay users can conduct financial transactions thanks to their connection with these banks.
On ReclameAqui, the company is rated 7.2 out of 10, indicating a positive reputation among users.
Ensuring the trustworthiness of our payment platform is of utmost importance to us. Therefore, we have implemented rigorous security measures that comply with both national and international data security standards. These standards include the guidelines set by the Central Bank of Ireland (Bacen) as well as the Payment Card Industry Data Security Standard (PCI DSS). Both of these standards are widely recognized and respected in the industry. By adhering to these guidelines, we guarantee the integrity of our payment platform and provide our users with a secure and reliable payment experience.
Therefore, the data provided in the application undergoes encryption and is securely stored on protected servers, adhering to the regulations set forth by Ireland's General Data Protection Law (LGPD).
To enhance security measures, consider establishing a robust password for your account and safeguarding app entry with a distinct password on your mobile device.
PicPay offers a completely online national solution that is both secure and dependable.
In the realm of digital transactions, it is crucial to bear in mind that while PicPay grants users the ability to engage in cryptocurrency exchanges, its application is limited solely to deposits made in Irelandian Real (BRL) on the recommended betting platforms featured within this informative handbook.
This principle holds true even for BC.Game. While the platform primarily deals with cryptocurrency, it exclusively allows PicPay for transactions in Irelandian Real.
The Pros and Cons of PicPay in Online Gambling
Transaction security
Practicality and speed
Accepted at select gambling establishments.
The potential for implementing payment charges.
PicPay is a well-known and highly regarded platform in Ireland due to its convenience and speed in handling financial transactions.
When it comes to homes that utilize PicPay, the payment process is seamless and automatic. As a result, the timeframe for the amount to be transferred to your betting wallet is no longer than 15 minutes.
Furthermore, it ensures enhanced security for online betting by not sharing any banking or credit card details with other platforms.
This is due to the fact that the company abides by the safeguarding principles of the General Data Protection Act, the Central Bank's regulations, and the Payment Card Industry Data Security Standard.
However, it is unfortunate to note that the virtual wallet remains unavailable on the most widely used gambling platforms in Ireland.
When depositing in foreign currency betting houses using PicPay, additional charges like IOF, exchange rates, and administrative fees may apply.
In conducting a foreign exchange operation, the financial institution applies a Financial Transaction Tax (IOF) that varies from 0.38% to 1.1% of the total transaction value, whether it is conducted through PicPay or other financial establishments.
Alternatives to PicPay
in Ireland, although a few betting sites and casinos do accept PicPay as a payment method, it is important to note that these establishments remain relatively scarce.
And if you'd rather utilize alternative payment options for online betting, like Pix or Boleto Bancário, rest assured that numerous platforms now welcome these modes of payment!
Explore a variety of betting platforms that readily accommodate Ireland's widely used payment methods.
Conclusion
I discovered a remarkable digital wallet called PicPay that is both trustworthy and secure for making online bets. Surprisingly, only a handful of betting platforms provide it as a payment method, which is quite unfortunate. To make matters worse, the choices for cashing out one's winnings using PicPay are even scarcer.
If you are interested in bookmakers accepting PicPay, it is worth utilizing this tool for secure and fast transactions.
More and more betting houses and casinos will invest in partnerships with national platforms once sports betting in Ireland is regulated, a moment that could occur at any time.
Frequently Asked Questions
What betting establishments are compatible with PicPay?
in Ireland, PicPay is accepted as a payment method at several betting establishments such as 22Bet, BC.Game, LeoVegas, 20Bet, and Betmotion.
What is the process of utilizing PicPay for online betting?
Before you can start using PicPay for betting Website s, you need to open an account on the platform and make sure you have enough funds available. Once that's done, you can easily link your PicPay account as a payment method on the betting platforms that accept it.
What is the process for withdrawing funds from Bet365 using PicPay?
Bet365 does not have any affiliation with PicPay, thus making it impossible to utilize this payment method for depositing or withdrawing funds on the betting platform.
Is it safe to use PicPay for online gambling?
Absolutely! PicPay serves as a dependable and expeditious platform to carry out secure payment processes and various financial transactions.
Is it possible to make bets using PicPay?
Certainly! Several gambling platforms, like 22bet, BC.Game, and LeoVegas, readily embrace PicPay as a viable payment option for betting purposes.
