Find out the best places to make deposits with WeChat Pay.
China is one of the biggest growth areas for online gambling, but how can casinos and other businesses process international payments from this market? There are many options, but one of the most useful is WeChat payment (or WeChat Pay). It is a complete payment solution located directly in the popular messaging and social media platform, allowing local users to make payments in Chinese Yuan but merchants to receive these transfers in the currencies of their choice.
Fast, secure, and user-friendly, it’s one of the best options available to Chinese gamers today. The wallet is used by many people for a variety of payments and transfers, making it a wallet that has already earned great trust from users and operators.
Due to its popularity in China, many websites that want to target this market accept deposits through this method. We’ve taken the time to find only the best casinos for our readers, which include great features and attributes such as:
- Huge selections of slot machines and other real money games
- Tournaments, bonuses and loyalty programs that add value to players
- 24/7 quality customer service via phone, email and live chat
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A major player in Chinese communications
The history of this payment method begins with Tencent, a huge Chinese holding company founded in 1998 that specializes in a wide range of internet-related businesses. This has made it one of the biggest web companies in the world, as well as the biggest game company in the world. In total, their market value would be over $200 billion.
One of their flagship products is the instant messaging application known as WeChat. Launched in 2011, the program allows users to take advantage of text, voice and video messaging, as well as the ability to share photos and integrate with major social media networks. It is through this service that the payment option is available: if users have connected a funding source, then they have the option to pay bills or purchase goods and services, as well as transfer money to friends and other users. This has proven particularly popular at festivals, when friends can transfer funds through the app to hand out digital rather than traditional red envelopes.
Instant payments through a trusted source
One of the benefits of this network is that it offers users a number of different ways to make payments. When making deposits at an online gambling site, you must of course first register with one of the reputable operators who accept this as a method of payment. Next, you will need to link a funding source to your WeChat account. This is usually a bank account, with all deposits coming directly from your checking or savings balance.
Once the prep work is done, you’ll want to head to the cashier section of your casino and find WeChat Pay among the deposit options. From there, you will be instructed on how to complete your transaction. The payment platform supports many ways for vendors and merchants to offer payments, and a particular casino can choose one of them. Most likely, you will make the payment directly on the iGaming site or in the payment app, but you may also need to scan a QR code. In any case, once you have confirmed the payment, the funds will be transferred within minutes.
Fast and familiar, free of charge
We’re big fans of payment methods that get players started quickly, and that’s perhaps WeChat Pay’s biggest advantage. It’s true that people need to have a payment account set up to use this option, but it’s a fairly simple process, especially since there are almost 800 million active users in China alone, which means that most players will already have at least a basic understanding of this application even if they have not yet connected a banking source.
The main downside is that this method is basically only available to Chinese users (although some people have access to the app outside the country). The good news is that many casinos based elsewhere in the world can accept payments via this method; recently, new partnerships have even brought this method to North American merchants, which should greatly expand its use in both general e-commerce and gaming.
Are there any fees?
Users never pay any fees for making deposits through this option. If there are any fees or charges, they are borne by the operators themselves.
Can I use it for withdrawals?
Currently, we are not aware of any gambling site that offers this withdrawal option. In theory, this could be possible, as individuals often transfer funds through the system, but users usually choose a different way to cash out their winnings.
Is it available in the United States?
To our knowledge, WeChat does not allow payments from the United States. In fact, although there are a large number of users who can take advantage of this platform, they are almost all concentrated in China: recent estimates suggest that while there are nearly 850 million active accounts, around 90 % of them are in this one. nation.