PagoEfectivo

PagoEfectivo is an alternate payment method catering to players from Peru

Home Payment Methods PagoEfectivo

Bank cards, e-wallets, and cryptocurrencies have all been on a steady rise over the years. However, many parts of the world prefer paying with cash. Online casinos interested in breaking into that space usually have a hard time because of that. However, many local payment services exist that are designed to turn people’s cash payments into online transactions. One of them is our topic for today: PagoEfectivo.

Ask any Peruvian about it, and they’ll swear it’s one of the best ways to pay online. Is that really the case, or should you opt for another casino payment method? The OG24 team investigates the ins and outs of PagoEfectivo to answer that question. Find the answer in our in-depth review of this service.

PagoEfectivo can be used for online gambl;ing
PagoEfectivo can be used for online gambl;ing

What is PagoEfectivo?

PagoEfectivo is an alternate payment method catering to players from Peru. It’s a voucher service that combines local preference for cash payments and an increasingly digital world. The way it does so is remarkably straightforward. You shop online, use PagoEfectivo, and receive a CIP code. You can then use online banking or visit a store and complete the transaction in cash.

There are no prerequisites for using PagoEfectivo. You do not need to register an account or download an app. You just get your code and make the payment. You can use your online banking to complete the voucher transaction, making it a convenient and secure way to deposit money. However, if you don’t want the transactions to be visible to your bank, you can pay with cash instead. The latter option is what we imagine most people will go for.

PagoEfectivo is currently available in Peru and Ecuador. The company also announced plans to roll the service out in Colombia and Chile at some point. The payment method only accepts the Peruvian sol as a currency. It cooperates with many banks and offline payment points, including Interbank, MoneyGram, BBVA, Banco Pichincha, and more.

Facts

PagoEfectivo logo small og24

Payment TypeVoucher
HeadquartersLima, Peru
Founded2013

Pros

  • Supports cash deposits
  • Highly secure
  • Zero deposit fee

Cons

  • Only available in Peru and Ecuador
  • Doesn’t support withdrawals

How to Deposit with PagoEfectivo

PagoEfectivo requires a bit more work than other payment methods when it comes to adding money to your balance. However, you won’t run into any issues if you follow our step-by-step deposit guide.

1. Log in at your chosen casino. Fill in your e-mail and password to sign into your account. If you don’t have one, registration is free and can be completed in a few minutes.

2. Navigate to the banking page. You do this by pressing the Deposit button on the home page. The cashier lists all banking options you can use to fund your casino balance.

3. Pick PagoEfectivo. Click or tap on the payment method’s logo to select it. Then, type in the deposit amount and initiate the transaction.

4. You receive your CIP code. The code consists of eight digits and can be paid through your bank or cash. You’ll see all available banks in the pop-up window, and completing the payment that way is identical to online banking.

5. Paying with cash requires visiting a local outlet. These locations are labelled with a PagoEfectivo sign. If you don’t have one nearby, your only option is to pay through your bank.

6. Complete the transaction. You’ll see the funds in your casino balance if all goes as planned. At that point, you’re free to have fun with your favourite casino games.

How to Withdraw with PagoEfectivo

The way PagoEfectivo is structured means you cannot use it to withdraw money. That means you’ll have to rely on another payment method to cash out your winnings.

We recommend relying on wire transfers, especially if you have a bank account supporting PagoEfectivo. That way, you can also use it to deposit and not have to leave the house for each transaction. However, some players prefer to keep their bank out of their gambling hobby. In such cases, it’s better to choose something like an e-wallet or cryptocurrencies if you can handle their volatile nature.

FAQ

Pagoefectivo is a voucher payment service that allows users to pay with cash or bank transfers via supported financial institutions.

The payment method is available in Peru and Ecuador, with plans to expand into Colombia and Chile.

No, PagoEfectivo cannot be used to withdraw money.

Transfer Times and Fees

PagoEfectivo does not charge any fees when using it to deposit money. Similarly, most online gambling sites will not have any extra costs. Your bank may ask for some fees when using PagoEfectivo, so keep an eye out when using online banking with the service.

The voucher system and being able to pay with cash means a slight delay between a deposit happening and the funds appearing. Usually, this delay ranges from 1 to 15 minutes.

Security

The most secure part about PagoEfectivo is that it doesn’t expose any personal or banking information. However, that does not stop the company from implementing multiple security protocols. Among them is the SSL secure protocol enabling end-to-end encryption. Additionally, CIP codes are sent via e-mail to prevent forgery and unauthorized access.

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