InovaPay is a digital e-wallet that operates in Latin America and was built specifically to make it easier for gamblers to connect with larger international casinos online. InovaPay is most used in Brazil, however, does offer the option to change your language to Portuguese, Spanish or English when registering.
InovaPay is one of the few e-wallets that specifically serve the LatAm market that works seamlessly with online casinos. Find out more about InovaPay and how it works on this page.
Online Casinos That Accept InovaPay
Story Behind InovaPay
InovaPay was launched in 2018 as an online payment provider based in Melbourne, Australia, which serves the Latin American population and makes it easier for them to control their finances online just with the use of a smartphone.
InovaPay allows customers to have access to both a physical and virtual card, allowing you to shop both online and in retail outlets that accept chip and pin payments.
InovaPay is one of the most popular payment methods in South America and allows users to choose their language and preferred currency depending on their location. InovaPay is easy to use, quick and simple to set up, and users pay minimal fees for using them.
How to Deposit Using InovaPay
Before you can deposit funds into an online casino using InovaPay, you must create an InovaPay account and add funds. To create an InovaPay account, you will have to request an invitation and provide detailed information, including your tax ID number. Once that’s done, here’s how to deposit using InovaPay:
- Find an online casino that accepts InovaPay and create an account.
- Click on the banking page and select InovaPay from the available payment methods.
- Enter how much you want to deposit and your InovaPay card details.
- Click submit and authorize the transaction in the InovaPay app.
- You will be redirected back to the casino once it has been approved.
InovaPay Deposit Fee
One of the main reasons people choose to use InovaPay is their lack of fees. InovaPay will not charge its customers for making daily transactions by depositing or withdrawing from an online casino.
While InovaPay does not charge any fees for deposits though, the casino themselves may charge a transaction fee for using InovaPay, so be sure to check for this before making your deposit.
InovaPay does have some fees. However, the fees are small and are only if you need to transfer or accept cash in a different currency, make international transfers or if your account is inactive for longer than 12 months. Be sure to check the InovaPay website for a full breakdown of all fees available, as this may change over time.
Lastly, it is worth noting that InovaPay may not be a suitable payment method for casino high rollers as they have a maximum yearly spend limit of USD 5,000. It may be possible to increase this amount if you provide additional KYC documentation. However, this is rarely raised.
InovaPay Withdrawal Speed
We would advise you to check before choosing your online casino because it accepts InovaPay as a valid withdrawal method. In the beginning, when this e-wallet was launched, withdrawals were not supported.
As the wallet grew throughout South America, they have expanded, and while this should not be an issue with most casinos operating in that region, it may still pop up from time to time.
The good news is that once you have chosen your casino and your withdrawal has been approved and sent on their end, it will be in your InovaPay within just a few minutes.
In fact, InovaPay allows their customers to track their spending in almost real-time, with transactions and funds coming and going as soon as transactions have been approved.
Remember that many factors can influence the withdrawal speed at an online casino. If you need to verify your account or provide documents, this will inevitably slow things down - the good news is that this is usually only required on your first withdrawal.
If you have a large balance, you may also need to withdraw in separate transactions, taking longer to get all of your cash.
Fastest Paying InovaPay Casinos in 2022
Generally, the payout speed of each casino is determined by the casino itself and does not always take the deposit method used into consideration.
When a player requests a withdrawal, it’s passed on to a payments team to process and approve. A lower-quality casino may take longer to do this and so cause delays in getting your cash. Therefore, it’s essential to choose one of the best InovaPay online casinos, like those listed below:
|No.||Online Casino||InovaPay Deposit||InovaPay Cashout|
|1||Vulkan Vegas Casino||Yes||Yes|
Pros & Cons of InovaPay
InovaPay offers many benefits for gamblers who use them in LatAm. However, there are still drawbacks to using them. Here are our pros and cons of using InovaPay to gamble:
Special Casino Bonuses Using InovaPay
Another great reason that people choose to deposit using InovaPay is that there is usually a wide array of bonuses available to choose from via this payment method. While some casinos, particularly in Latin America, will limit bonuses for specific payment methods, thankfully InovaPay isn’t one of them.
When registering at an online casino, users can benefit from the Welcome Offers available, which often include deposit offers, where you can play with more than your deposit amount, free spins on specific games, and even a combination of the two.
In addition, many casinos will have casino promotions run throughout the months and even offer the chance to win some cool merch with their ongoing tournaments. So be sure to check out that promotions page every time you visit!
We encourage players to check the full terms for all bonuses they are playing for to ensure all criteria are met.
Customer Support at InovaPay
InovaPay is relatively newly founded compared to its competitors and, as such isn’t quite up to scratch in terms of customer service in the same way you may get with other e-wallets.
At this time, you can only contact their support team via email, where someone will respond to you within three working days.
At the same time, the InovaPay website is minimal in terms of available information and is more focused on gaining customers than retaining them.
The InovaPay app does have a little more information than the website, however, so we would recommend reviewing the app and its FAQs before reaching out to their customer support team to try to resolve the issue on your own.
Please note that at the time this page was written, customer support is limited to Portuguese and English.
Payment Methods Similar to InovaPay
InovaPay is currently one of the most popular casino payment methods used in Brazil and is rising throughout South America. It is one of the few payment methods focused specifically on Latin America. While InovaPay is unique, there are some similar payment methods. Here are our alternatives:
Security of InovaPay Online Casinos
Our expert team has vetted every online casino with InovaPay on this page before being recommended to our readers. If you are going to use an InovaPay casino other than those on our website, you should be vigilant with your personal and financial information.
The most crucial aspect of any online casino should be the safety and security of its players. Before registering at any online casino, you should check that it is properly regulated and licensed by a recognized gambling body.
This means that the casino is compliant and is subject to regular checks for safety and fairness.
Each transaction made via InovaPay must be confirmed and authorized via the app before the transaction is made, and all personal and financial details are encrypted when money is sent. The Australian Securities and Investment Commission regulates InovaPay, and all accounts are covered by Australian marketing laws.
Using InovaPay to Gamble
InovaPay is gaining traction throughout South America as a fantastic option for gamblers looking to spend money online.
While they do have a spending limit of $5,000 per year which may not appeal to high rollers, it should be enough to cover the limits of most gamblers. InovaPay does not charge users to deposit or withdraw from their favourite online casino either, though be sure to check that the casino itself does not charge a transaction fee.
When signing up to your casino, Be sure to check that InovaPay is accepted as a valid withdrawal method. While this should be less of an issue now than a few years ago, some casinos may still refuse the withdrawal.
License and Address of InovaPay
InovaPay is regulated by the Australian Securities and Investments Commission through its association with Flexewallet. The Australian Privacy Principles cover all accounts in the Privacy Act 19888.
InovaPay Casinos FAQs
Haven’t found what you’re looking for yet? Then check out our most frequently asked questions about InovaPay below: