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Perfect Money

Perfect Money was an e-wallet launched in 2007 that supported USD, EUR, Bitcoin, and even gold balances. It became a niche choice for online casino players in markets where cards and mainstream wallets were limited. Deposits were instant, fees were low for verified users, and funds could be withdrawn just as quickly. Casinos liked it because transactions were final, with no chargebacks. Players valued its privacy and optional verification.

By late 2024 and into 2025 the service withdrew from most regions and stopped operating. Today it stands as a payment method of the past, remembered for speed, low costs, and flexibility, but also for its lack of regulation and eventual shutdown.

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Perfect Money

Number of Games

3

Type

Mobile Payment

Fees

0.5%

Processing time

Instant

sashko

Alex Yanev

Specialist Content Contributor

27.08.2025

Updated

Key Facts

Company

Perfect Money Finance Corp

Headquaters

Zurich, Switzerland

Established

2007

Number of users

10,000,000+

Online Casinos Accepting Perfect Money

Perfect Money was supported by a number of international online casinos, though its reach never matched mainstream e-wallets. It served as a fast and private alternative for deposits and withdrawals, mainly on platforms open to offshore payment methods.

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500

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500

Welcome Bonus Percentage

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200

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What Is Perfect Money and How It Dominated Online Casino Payments?

Perfect Money was a multi-currency e-wallet launched in 2007, built to move USD, EUR, Bitcoin, and even gold balances with instant internal transfers and strong security. It operated under Perfect Money Finance Corp, registered in Panama, with operational hubs reported in Zurich and Hong Kong, and roots linked to Startup Research & Investments in the British Virgin Islands.

It served users across large parts of Asia, Africa, Eastern Europe, and Latin America, while excluding U.S. residents. Guides from the period listed access in countries such as Canada, Cyprus, Kosovo, Jordan, Qatar, India, Bangladesh, Pakistan, Malaysia, Japan, Cambodia, Kenya, and Zimbabwe, with the U.S. not supported.

In online casinos, it stood out for fast deposits, quick withdrawals, low transfer fees for verified accounts, optional verification, and layered security like device and IP checks, SMS codes, and CodeCard confirmations. These traits made it a go-to option on offshore-friendly platforms that prioritized speed and privacy over card rails.

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Why Perfect Money Came to an End?

Perfect Money’s closure was not the result of technical failure but of mounting regulatory pressure. In 2024 it began pulling out of key regions including Europe, India, Nigeria, Bangladesh, and Russia, citing new laws and compliance demands that conflicted with its offshore structure. By early 2025 the company confirmed the end of service worldwide. The lack of formal licensing in major markets, reliance on exchangers, and its association with unregulated industries made it a target for financial regulators. What had once been a practical workaround for casino players and cross-border transactions ultimately became unsustainable in a tightening global payments environment.

Is Gambling with Perfect Money Legal?

Gambling with Perfect Money was never directly outlawed; the service itself functioned as an e-wallet, and its legality depended on local gambling laws. In countries where online casinos were licensed and players could use e-wallets freely, deposits through Perfect Money were permitted. In regions that banned or restricted online betting, using it still fell under those prohibitions even if the payment went through. Because Perfect Money operated offshore and outside strict regulation, it was rarely recognized in heavily regulated markets such as the EU or the United States, which limited its availability despite no universal ban on the system itself.

🌍 Perfect Money Gambling Legality by Region

RegionPerfect Money Use for GamblingNotes
United StatesNot allowedPerfect Money never served U.S. residents due to financial regulations.
Europe (EU, UK, Switzerland)DiscontinuedAccounts closed in 2024 after regulatory pressure; casinos in regulated markets did not list it.
RussiaDiscontinuedService suspended in late 2024; users were asked to withdraw funds.
IndiaDiscontinuedAccounts blocked in 2024, citing local fintech rules.
BangladeshDiscontinuedService ended in 2024; 30-day withdrawal window provided.
NigeriaDiscontinuedOperations ceased in late 2024 due to banking restrictions.
Middle East (UAE, Qatar, Jordan)Restricted/endedInitially available, later shut down as Perfect Money scaled back.
Asia (Pakistan, Malaysia, Cambodia, Japan)Previously allowedAccessible for gambling transactions until the wider shutdown in 2024–2025.
Africa (Kenya, Zimbabwe)Previously allowedSupported until discontinuation; popular where other wallets were limited.
Latin AmericaPreviously allowedUsed in some countries, though adoption was smaller; later affected by global closure.

Fees, Delays, and Hidden Costs

Perfect Money was known for its relatively low and transparent fees, especially for verified users, but costs varied depending on the type of transaction. Deposits and withdrawals were usually instant on the platform, though funding through bank transfers or exchangers added time and expense. Players also had to account for conversion fees and the absence of chargebacks, which made every payment final.

Key points to consider:

  • Account creation was free, but account restoration carried a $100 fee.
  • Transfers cost 0.5% for verified users and 1.99% for unverified.
  • Bitcoin withdrawals charged 0.5% plus a $10 flat fee.
  • Bank wire withdrawals averaged around 2.85%.
  • Currency exchange within the wallet added about 0.5%.
  • SMS authentication cost $0.10 per message.
  • Users earned 4% annual interest on balances, capped monthly.
  • Casino deposits and withdrawals via Perfect Money were instant once processed.

How to Use Perfect Money to Gamble Online

Getting started with Perfect Money is simple, but taking the right steps ensures smooth and secure casino payments. Follow this path to set up your account, fund it safely, and handle both deposits and withdrawals.

Step 1

Register an Account

Sign up on the Perfect Money website by providing basic details and receiving a unique Member ID.

Step 2

Verify Identity (Optional but Recommended)

Upload ID and proof of address to reduce fees from 1.99% to 0.5% and unlock higher limits.

Step 3

Secure the Account

Enable SMS codes, CodeCard protection, and email confirmations to keep the wallet safe.

Step 4

Fund the Wallet

Load money via bank wire, Bitcoin, certified exchangers, or Perfect Money e-vouchers.

Step 5

Choose a Casino

Pick an online casino that supported Perfect Money in its cashier section.

Step 6

Deposit Funds

Enter the casino cashier, pick Perfect Money, log in with your Member ID, and confirm the transaction. Deposits appeared instantly in your casino balance.

Step 7

Withdraw Winnings

Request a payout to your Perfect Money wallet by providing your account number. Funds arrived almost instantly once the casino approved the withdrawal.

New Online Casinos That Accept Perfect Money

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In its later years, Perfect Money was taken up by several newer Curacao-licensed casinos looking to attract players in markets underserved by mainstream payment options. These sites promoted it for instant deposits, quick withdrawals, and its appeal to users seeking an alternative to cards or traditional e-wallets.

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8,000

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1,000

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Sportsbooks That Accept Perfect Money

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Perfect Money was also integrated into a number of online sportsbooks, especially those catering to players in regions where banking access for betting was limited. It offered fast deposits, quick cashouts, and was valued by operators for irreversible transactions.

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Live Casinos That Support Perfect Money Payments

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Live dealer casinos also included Perfect Money among their payment options, letting players fund their accounts instantly and join tables without delay. It served as a practical alternative for those who wanted privacy and fast turnaround on both deposits and withdrawals.

Cards, Wheels, Dices – Check out the live casinos that accept this payment method:

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Perfect Money Gambling Compared to Other Banking Methods

comparison iconPerfect Money worked much like other digital wallets but stood apart with its multi-currency support, lower fees for verified users, and the option to stay unverified for privacy. Compared to mainstream e-wallets it was more accessible in certain regions but less regulated. Against cryptocurrencies it offered stability in fiat terms while sacrificing the decentralization and wide acceptance that crypto brought.

Perfect Money vs. Other Payment Methods

CriteriaPerfect MoneyeWallets (Skrill/PayPal)Cryptocurrencies
SpeedInstant transfers and withdrawalsInstant deposits, withdrawals varyNetwork dependent, often minutes
Fees0.5% verified, higher if unverified~1–3% plus possible forex chargesNetwork fees, variable
PrivacyOptional verification, offshore setupFull KYC requiredHigh if used carefully
AcceptanceLimited to offshore casinos/sportsbooksWidely accepted at licensed casinosBroad at crypto-friendly sites
StabilityUSD/EUR balances, 4% yearly interestFiat backed, stableVolatile unless stablecoins
ProtectionNo chargebacks, user bears all riskSome buyer protection optionsIrreversible, no formal recourse

Perfect Money Card Types Compared – Credit vs. Debit vs. Prepaid

Perfect Money never issued its own cards, but it functioned like a prepaid digital account. For gamblers, this meant using it felt closer to handling a prepaid or debit card than a credit card. The key difference was that Perfect Money funds were fully prepaid, anonymous if unverified, and transactions were final.

TypeHow It Worked for GamblingNotes
Perfect MoneyPreloaded wallet used like a prepaid balanceNo overdraft, optional verification, fast two-way transfers
Credit CardBorrowed funds with potential interest and feesRisk of debt, often treated as cash advances by banks
Debit CardDirectly linked to bank accountEasy to use but visible on statements, slower withdrawals
Prepaid CardOne-time use vouchers or limited reload cardsPrivate and controlled but usually deposit-only, no withdrawals
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Security, Chargebacks, and Disputes: How Safe Is Perfect Money for Online Gambling?

This payment method was designed with strong account protections, offering tools like IP monitoring, device verification, SMS codes, and CodeCard confirmations to prevent unauthorized access. Transactions were encrypted and irreversible, which gave operators confidence but left players without chargeback rights. Once money was sent to a casino, it could not be recalled, and disputes had to be resolved directly with the gambling site. This made Perfect Money technically secure but less protective compared to bank cards or regulated e-wallets, since users bore all risk of fraud or dishonest operators.

Key Points:

  • Multiple security layers including SMS authentication and CodeCard.
  • No chargebacks or reversals once a transaction was confirmed.
  • Casinos favored it because payouts could not be disputed.
  • Players had to trust the casino, as Perfect Money offered no mediation.
  • Funds were safe from hacks if security features were enabled, but not insured or regulated.

Payment Transparency – Are Perfect Money Casinos Clear on Terms?

Casinos that accepted Perfect Money generally presented it as a straightforward option, but clarity depended on the operator. Most highlighted instant deposits and withdrawals with no added fees, though the finality of payments and verification rules were not always explained upfront. Players needed to read terms carefully, as Perfect Money’s lack of chargebacks and reliance on casino policies made transparency critical.

Fees and Charges

  • Casinos usually did not add fees on top of Perfect Money’s transfer costs.
  • Verified users enjoyed lower transaction fees, but unverified accounts paid nearly four times more.
  • Currency conversion fees applied when depositing in a different currency.

Deposit and Withdrawal Terms

  • Deposits were instant, credited within seconds.
  • Withdrawals were processed quickly once approved, but approval times varied by casino.
  • Most casinos required ID verification before allowing withdrawals, even if Perfect Money itself did not.

Bonus Conditions

  • Perfect Money deposits were usually eligible for welcome bonuses.
  • Few casinos explicitly excluded it from promotions, unlike Skrill or Neteller.

Regional Restrictions

  • Some casinos restricted players from regions where Perfect Money had already withdrawn service.
  • Casinos often relied on their own country restrictions, so being able to fund with Perfect Money did not guarantee eligibility to play.

User Responsibilities

  • Players were responsible for securing their Perfect Money account with 2FA tools.
  • All payments were final, and disputes had to be handled with the casino directly.
  • Using certified exchangers was essential to avoid hidden costs or fraud outside the official system.
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Philosophical Note – Should Rational Gamblers Use Perfect Money?

For many years Perfect Money appealed to gamblers who valued speed, low fees, and privacy. It allowed users to keep gambling funds separate from bank accounts, which supported discipline and control. The absence of chargebacks meant casinos processed payments without hesitation, but it also left players exposed if disputes arose. From a rational perspective, Perfect Money made sense for those seeking efficiency and anonymity in less regulated markets, but it carried higher systemic risk due to its offshore setup and eventual shutdown.

Online Casinos Accepting Perfect Money – FAQs

Deposits through Perfect Money were near instant on the wallet side. Most casinos credited balances right after the transfer confirmed. Some operators added short risk checks or cashier queues, so a small delay sometimes appeared. Funding the wallet via bank wire or an exchanger introduced extra time before the casino transfer. Network or website downtime at the casino also slowed things. In practice, players saw fast credits, but not every site delivered instant every time.

Yes. Casinos that supported Perfect Money withdrawals sent approved payouts straight to the wallet. Once the cashier pushed the payment, arrival in the Perfect Money account was immediate in most cases. KYC at the casino still applied before first cashout or large sums. Limits and internal review windows at the casino sometimes stretched timelines. After receipt, players moved funds onward by bank wire, Bitcoin, or a certified exchanger.

Perfect Money’s fee schedule was public and stable. Internal transfers cost 0.5 percent for verified users and 1.99 percent for unverified users. Bitcoin withdrawals charged 0.5 percent plus a flat 10 USD. Bank wire withdrawals averaged about 2.85 percent. SMS security messages cost 0.10 USD each. Currency exchange inside the wallet added roughly 0.5 percent. Most casinos did not add their own surcharge. The main surprise came from third-party exchangers, where spreads and commissions varied by provider.

In most cases, yes. Perfect Money deposits counted toward welcome offers and reloads at many offshore operators. Unlike some policies that excluded Skrill or Neteller for bonuses, Perfect Money usually stayed eligible. Terms still ruled the details. Wagering, game weighting, and country limits applied as written by each casino. Players needed to check the bonus page before depositing to avoid conflicts.

The casino received payment confirmations and your Perfect Money account reference needed to match the payout route. The casino did not receive your bank card number or bank account details through the Perfect Money payment itself. Casino KYC remained separate and required standard identity and address documents for withdrawals. Inside Perfect Money, unverified users shared minimal data with the wallet, while verified users submitted ID to unlock lower fees and higher limits. The result was less banking exposure to the casino, but no full anonymity with licensed operators.

No. Perfect Money saw limited adoption in tightly regulated markets. EU, UK, and US licensed casinos rarely listed it. It found use at offshore sites serving regions across parts of Asia, Africa, Eastern Europe, and Latin America. In 2024 the service began winding down in many countries. By 2025 it was effectively discontinued, and casinos removed it from cashiers.

Account security ranked high. Users enabled IP checks, device verification, SMS codes, and CodeCard confirmations. Transfers were encrypted, and internal payments settled fast. The trade-off was finality. No chargebacks existed, so disputes with merchants stayed outside the wallet. Compared with cards, buyers lost formal reversal rights. Compared with crypto, operational steps felt simpler for many users, but decentralization and self-custody were not part of the model.

Service availability by country shifted, especially during the 2024 wind-down. Some players hit account limits or higher fees when they stayed unverified. Exchanger choice mattered because poor rates or unvetted providers increased costs and risk. At casinos, pending KYC stalled withdrawals even when deposits were instant. Currency conversion introduced small leaks in value if wallet and casino currency did not match. Support queues at both casinos and the wallet sometimes slowed resolution of payment disputes or access problems.

Perfect Money did not provide gambling-specific blocking tools inside the wallet. Self-exclusion and payment blocks lived at the casino level or through a bank when funding the wallet by wire. Players who needed hard limits used casino self-exclusion, third-party blocking software, or avoided funding routes tied to gambling activity. Once funds sat in the wallet, nothing inside Perfect Money filtered merchant categories.

Direct casino charges did not appear on a bank statement through Perfect Money. The bank saw a transfer to or from Perfect Money or an exchanger, depending on how the wallet was funded or cashed out. The gambling site name did not appear on the statement for the wallet transfer itself. Inside the casino account, the cashier showed Perfect Money as the method used, but banks did not see that internal detail.

Start with basics. Confirm wallet balance, correct account ID, and completion of any casino KYC. Retry a small test amount to rule out cashier glitches. If the issue persisted, contact casino support and share the Perfect Money batch or reference number so they could trace the transaction. If the casino no longer supported Perfect Money during the service phase-out, switch to an accepted alternative listed in the cashier. As a final step, reach out to Perfect Money support with timestamps and batch details for reconciliation.

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sashko

Alex Yanev

Specialist Content Contributor

Alex is a dedicated casino reviewer and writer with a fascination for the intersection of logic, philosophy, and gaming culture. Influenced by classical thinkers like Aristotle and Socrates, he brings clarity, depth, and structure to every review, transforming complex systems into accessible insights. With a research-driven mindset and a refined writing style, Alex aims to elevate the conversation around online casinos. When off duty, he finds inspiration in cinema, travel, and the quiet patterns of everyday life, believing that curiosity is a full-time vocation, not just a job description.

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