Published Published: July 25, 2019 Updated Updated: August 29, 2019

Yandex

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Yandex. Money is an electronic payment service increasingly offered as a deposit method at UK online casinos and betting sites. It is owned by Yandex, a gigantic Russian multinational conglomerate, that also runs the most popular search engine in Russia as well as an Uber-like drive sharing service, also under the name of Yandex.
Yandex is the largest electronic payment solution in Russia, but the payments’ service entrance and popularity on the UK market is a more recent phenomenon.

General Information

There are three key ways to fund your Yandex account:

  • VISA, Eurocard and Mastercard (Deposits are processed instantly).
  • Bank Transfer (Deposits processed within 3-10 days)
  • Paypal (Deposits are processed instantly).

Once you have funded your Yandex account you can use the account to handle your online casino and betting business.

Payments and Withdrawals

Yandex is an eWallet that naturally draws comparisons to some of the more traditional solutions on the market, such as Skrill and Paypal. There are many reasons for the popularity of eWallets, but the way in which they allow you to store money online in a reliable and transparent manner is probably the key reason. Using an eWallet also allows you to keep your online gaming and personal finances separate which encourages budget keeping and responsible gambling.
Although you might not have heard about Yandex before, it has become a fairly popular payment solution at many UK Casinos. All the casinos mentioned below accept both payments and withdrawals from Yandex, and they are all officially recognised by the United Kingdom Gambling Commission:

  • 888 Casino
  • Jetbull Sportsbook
  • 22bet
  • 888 Sports

Advantages

  • All deposit are instant and withdrawals are usually processed within one day, although that can vary from operator to operator.
  • Yandex works with some of the lowest minimum deposit limits on the market. That is a service in high demand, so a big plus for the Russian eWallet. One example is 888 Casino, where the minimum deposit with Yandex is £5.
  • Once you get to know Yandex, it is actual an incredibly smart and useful payment service. With your own personalised Yandex Money MasterCard card you can withdraw money all across the globe. And use it for online casinos and betting sites, obviously!

Disadvantages

  • Although Yandex have built up a stellar reputation, many still prefer more trusted and reputable solutions such as Paypal and Skrill.
  • The number of operators offering Yandex as a payment method is growing, but still far behind other eWallets. Yandex is an excellent solutions when it is available but that is not always the case.

Summary

We would definitely recommend adding Yandex to your portfolio of eWallets. It is a simple and fast solutions that makes transferring money between different accounts smooth and easy. The market low minimum deposit and withdrawal amount is also a major plus.

Frequently Asked Questions

Did Yandex develop Yandex Money on their own?

No, Yandex developed the payment solution in collaboration with Sberbank, the biggest bank in Russia. Yandex operate in a lot of different sectors and is best compared to tech giants such as Google, with the only difference being that Russia is the core market.

Can I store money on my Yandex account?

Yes, Yandex is an electronic wallet so your money can be kept there with no fees involved or alternatively withdrawn to your bank.

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