QIWI is a multi-functional payment method that allows users to top-up their online betting accounts. Established in 2008 in Russia, QIWI is especially popular in its home country and Eastern Europe, and it offers an ewallet service, as well as pre-paid cards and virtual cards that punters can use. This multi-functionality, together with its low fees, wide availability at sportsbooks, and multiple ways to get funds on the QIWI account, made the payment method especially popular for bettors. This popularity is enhanced by the fact the QIWI wallet is based on a Visa Prepaid Account, which makes it even more trustworthy and accessible.
Despite the numerous benefits it brings for online betting enthusiasts, QIWI isn’t so popular outside Russia and Eastern Europe. So, if you want to learn more about this payment option, how you can get an account, deposit and withdraw from online bookie, as well as the fees involved, we prepared a thorough review for you.
Yes, depositing with QIWI allows punters to enjoy the first deposit betting welcome bonus or any other form of reward that the bookmaker sets up for new players. Unlike other ewallets, such as Skrill or Neteller, QIWI isn’t viewed by the bookies as an ewallet that could be used for fraud or abusing the bonuses available, so you won’t have to worry about being able to claim the first deposit bonus.
Even more than that, since the payment option is still trying to boost its popularity on other markets, you have the chance of finding special deals at some bookmakers that will give you a slightly better first deposit bonus when depositing with QIWI. Check out the online bookies on this page to make sure you get the best possible welcome bonuses around.
The procedure of depositing with QIWI is similar to any other ewallet. However, before you can access an online bookmaker to make your deposit, you should first create a QIWI account and also register an account with the online bookie. If you already done so on your own, you can just follow the indications below to successfully make a deposit. In case you need extra info on how to create a QIWI account or which bookmaker to choose, there’s plenty of info for that on this page.
QIWI is known for its flexibility not only when it comes to offering plenty of ways to deposit at online bookmakers, but also when talking about deposit limits. The minimum amount allowed for a QIWI deposit is €10, however, bookmakers can increase this limit. Also, the maximum you can deposit in one transaction is €2,000 for a verified QIWI account. There are no fees applied on deposits, so you don’t have to worry about a thing. The amount taken from your QIWI balance is the figure you will have available on your bookmaker account.
If you worked your way around making a QIWI deposit, the withdrawal procedure is just as simple. For withdrawals, you will only be able to use the QIWI ewallet functionality, pre-paid cards do not allow you to take out funds. So, to make a successful withdrawal, just follow the same steps as you did to deposit, up until the point where you should check for a “Withdraw” button. Insert the amount you want to withdraw and then choose QIWI from the list. Your QIWI wallet details should already be stored from when you deposited, so all you need to do is hit “Confirm” and wait for the funds to reach your account.
The minimum withdrawal via QIWI is also €20, while the maximum amount isn’t specified. However, most bookmakers will place a limit of €5,000 or €10,000 per transaction. Talking about fees, QIWI doesn’t have any fee for when you take funds back from your bookie account to the QIWI wallet.
You can easily get a new QIWI account by accessing its official website. On the homepage, look for the purple “Login” button. Here, you will find the option to also create a new account. Here’s what you need to do:
Just like any other ewallet, QIWI requires their users to verify their accounts. A verified account is not only safer, but it also offers higher transaction limits and numerous other advantages. However, unlike other ewallets, QIWI has multiple layers of verifying your account. The first one, the “Standard” verifying process only requires you to update the following details on the Payment Success webpage, as soon as you make a deposit:
However, since doing this over and over again each time you deposit can be quite annoying, you can choose a more thorough verification procedure. This one requires sending the following photos:
This is the intermediary verification level QIWI offers, however, there’s still one step higher you can go. For this, you will have to go to a QIWI office to do the verification in person and sign some documents.
For depositing to online bookmakers and cashing out, QIWI doesn’t apply any fees. The same applies when you upload funds to your QIWI wallet balance directly at an ATM or a dedicated kiosk. However, if you upload funds via credit card or through your bank account, there’s a fee of 3,5% applied. Another fee that QIWI users should know about is the 5% fee applied when withdrawing funds from QIWI to your bank account.
QIWI started its adventure in Russia back in 2008 and quickly moved the headquarters to Cyprus for easier access to the European market. However, even though they wanted to become a worldwide ewallet used by punters, QIWI didn’t really manage to penetrate the European market and compete with Neteller, Skrill, or EcoPayz. However, a deal between QIWI and Mitsui & Co brought the payment option to Japan. In the meantime, QIWI continued to expand its influence in Eastern Europe and is now available in Russia, Kazakhstan, Belarus, Azerbaijan, Armenia, Georgia, Israel, Latvia, Lithuania, România, Moldova, Turkey, Uzbekistan, Estonia, and Ukraine.
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