Founded in 2012, Papaya is headquartered in Malta and regulated by the Malta Financial Services Authority (MFSA). They are a relative newcomer to the payment space offering the opportunity to shop, receive and send money. You can receive funds through bank transfers, credit/debit cards, or a Papaya Ewallet.
The company's products include the Papaya ewallet and Papaya prepaid card. The Papaya card is a prepaid MasterCard that is reloadable. There is even a mobile version allowing you to make and receive payments using an Android or iOS operated mobile or tablet device.
Online casinos accepting Papaya payments
We have added a list of casinos accepting this form of payment.
Advantages and disadvantages of Papaya payment method
There are advantages that explain the growing use of the Papaya payment method. First, money can be loaded into your Ewallet as quickly as instantly or as long as two business days by using a bank transfer, credit/debit card Ewallet, Sofort, Neosurf or through your online bank. The time it takes to clear the money depends on your chosen method but it is relatively quick. If you are new to the Papaya Ewallet there is no fee to set up an account. A drawback is that Papaya may charge a fee depending on the method you choose and there may be weekly or monthly limits to the amount that you can top up when using a credit card or debit card Furthermore, at present only a select few casinos accept Papaya as a method of transferring funds.
Getting a casino bonus with Papaya
You may be able to receive a casino bonus when depositing funds through Papaya but ultimately you will need to do your own research and check the terms and conditions of the online casino to determine whether you do indeed qualify for a bonus.
Depositing funds into an online casino with Papaya
Once registered with Papaya you will be able to transfer funds into your player accounts at any and all participating online casinos accepting this method.
Withdrawing winnings from your player account with Papaya
You may use Papaya to withdraw funds from online casinos that accept this method of transfer. Given at present the limited number of casinos that accept Papaya as a method of transferring funds in or out, the payment provider will be looking to penetrate this market in the future.
How to register an account with Papaya
You will need to register your details online with Papaya. This first involves providing personal information: name, email, date of birth, ID or passport number, nationality and address. You then move on to security, phone number and the product that you are interested in.