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Introducing WeChat
WeChat dates back to what is now one of the world’s largest gambling companies—Tencent, in 1998. This company started out providing online casinos with live chat functions, and it merged its services with the WeChat concept in 2013 and became its own communication app similar to WhatsApp and other mobile chat apps with an additional payment feature.
This payment method is 100% mobile, which means you can easily complete your online payments from within a social media app, with convenient payment options such as Quick Pay and QR Codes. In China, it has become one of the most popular internet payment methods, and it currently has over 900 million members with 700 million users active on a daily basis. It is also quickly gaining popularity as a secure casino payment option.
WeChat is available in many countries across the globe, but its payment feature, WeChat Pay, is currently only available in China. WeChat does also have limited availability in countries and areas such as South Africa, the United States, and Hong Kong, but Chinese online gamblers are those who are likely to benefit from using this service when gambling online.
Note that this payment service isn’t only for online gambling, as gambling, in general, is heavily restricted in China, but it can also be used for a wide range of different digital payment types, and it provides a safe money transaction option for its users.
WeChat Casino Bonuses
Getting rewards and bonuses when you gamble online is part of the charm, and many set out looking for the best bonus offers before deciding to sign up for a new gambling site. Let’s be honest: While it is all about the games and the betting conditions offered by a casino, it gets even more fun when you get rewarded with free spins and more.
WeChat users are eligible for casino bonuses, just like you would be when using another payment method, and there are currently no restrictions (to our knowledge) that should prevent you from getting your piece of the bonus cake. Just make sure you read the terms and conditions to make sure the casino hasn’t set restrictions of their own.
Almost every casino will offer you a welcome bonus when you first sign up, hopefully followed by beneficial deposit bonuses for returning players, no deposit bonuses, VIP clubs like cashback programs, and much more.
Don’t forget that wagering requirements apply regardless of your payment method, and this is true also for those using WeChat. Each bonus tends to come with specific T&Cs to help determine what will be expected of you once you accept the free reward.
Creating a WeChat Account
Before you can use WeChat for your casino payments and start gambling at an online casino site, you will need to set up an account. The Chinese version of WeChat will have the Pay function, which you activate by verifying your account with a phone number, a copy of your Chinese passport, and a bank account. Only Chinese bank accounts are accepted and the international version of WeChat does not display WeChat Pay.
WeChat Pay Deposits
Casino deposits can be made in two different ways with WeChat, depending on whether you are working on a computer or a mobile device. To deposit from your computer with WeChat, you are only able to do this directly through the casino website.
This is all you need to do and then you will have your money in your casino account right away! There are no delays, and nothing to keep you from gambling any longer than what is necessary.
If you are using a mobile device for your deposits, the Quick Pay feature comes in handy! It allows you to quickly be redirected to your WeChat app, where you confirm the transaction you are attempting to make. It only takes a second or two, and convenience is one of the main aspects that contribute to the payment platform’s popularity.
WeChat Withdrawals
The app itself is compatible with casino withdrawals, but if you are serious about using WeChat for your casino deposits, then you might come to discover that not every casino allows it. Most online gambling sites with WeChat only allow for deposits to be made with this payment method, and you will have to use a debit/credit card, bank account, or something else when it is time to withdraw your winnings.
While this can seem frustrating, it shouldn’t prevent you from giving this app the chance it deserves, as there are plenty of other withdrawal options available at online casinos today. Additionally, with its rising popularity, it is likely that more casinos will start accepting WeChat withdrawals soon.
You will be pleased to know that WeChat does not have any fees at all when it comes to transactions made within China, but you need to keep in mind that gambling sites are usually based abroad, which could make you subject to fees. Deposits are usually free, but withdrawing from your WeChat account may come with a small fee.
The good news is that fees are low when you use WeChat, and they can be as low as 0.1% per international transaction, in a case where fees apply. For those planning to withdraw from an ATM with their WeChat account, withdrawal fees tend to start at somewhere around 10,000 RMB.
There are no minimum or maximum withdrawal limits when you use WeChat other than the 10,000 RMB daily withdrawal cap (an equivalent of $1,500), but this doesn’t mean the casino won’t have its own limitations.
One thing to keep in mind is that if your WeChat account is unverified, you will be facing certain limitations. An unverified account can only make a maximum of five daily transactions, with a maximum transaction amount of 100 RM.
WeChat FAQ
There are no fees on transactions made within China, but since most online casinos are located abroad, small fees may apply. Deposits are usually free but the casino itself may also have additional fees.
Yes, you technically can make withdrawals with a WeChat account when you gamble online, but unfortunately, most online casinos only allow WeChat for deposits and not withdrawals.
WeChat is a top secure messaging platform, and the WeChat Pay extension is considered a safe and protected payment method thanks to sophisticated SSL encryption and everything needed to keep you and your money safe.
Yes, WeChat deposits are instant and you will have the money in your account right away.
You can download the WeChat app from the App Store and Google Play Store, and use it directly on your iOS or Android mobile device. The app is needed to make transactions.
WeChat is a digital payment service and is not considered a bank.
Yes, WeChat is available for both Android and iOS users and can be downloaded for free.
While some features may be available offline, all payment-related services do require you to be connected to the internet.
WeChat Pay Security
WeChat offers multiple features to make your gambling experience as safe and pleasant as possible. You have the ideal overview of your spendings with mobile notifications whenever a transaction is made, and you also have the option to set spending limits to help find balance and to gamble responsibly.
Additionally, WeChat is a platform that is protected by sophisticated technology such as firewalls and SSL encryption to keep your casino transactions and online purchases as safe as possible.
WeChat Pros and Cons
Are you ready for the good and the bad? WeChat Pay is a secure payment method for those who have access to it, but it doesn’t change the fact that it’s not as readily available across Asia as many wish that it was. Here are the pros and cons of using WeChat as an online casino payment method.
Pros
Cons
Comapring WeChat
Payment Method | Type of Method | Available for Deposits? | Available for Withdrawals? |
---|---|---|---|
Skrill | E-Wallet | Yes | Yes |
Neteller | E-Wallet | Yes | Yes |
PayPal | E-Wallet | Yes | Yes |
Apple Pay | Contactless Payment App | Yes | No |
Google Pay | Contactless Payment App | Yes | No |
WeChat Conclusion
WeChat is a modern and easy-to-use payment platform that adapts seamlessly to the online gambling concept, and it comes as no surprise that more and more online casinos are offering it as one of their payment methods. That said, the WeChat Pay service is only available to those with a bank account holding Chinese Yuan, which essentially means you can’t use it unless you have a bank account in China.
The messaging platform WeChat Pay is a part of is available in many other places in the world, but WeChat Pay remains a feature with restricted access outside China. Based only on its features and function, WeChat is an ideal casino payment method in terms of low fees, instant deposits, quick withdrawals and much more, and we can only hope for it to become available throughout Asia soon.
If WeChat is available to you, go ahead and download the app from the App Store for iOS devices and the Google Play Store for Android, and make sure you verify your account to avoid any unnecessary limitations once you start using the service.