What is STICPAY?
There are various methods for depositing and withdrawing money at online casinos, such as bank remittance, virtual currency, and credit cards, but electronic payment services have been gaining popularity in recent years. Electronic payment services are gaining popularity due to their fast payment speeds, and new services are being created one after another.
This article introduces STICPAY, a new electronic payment service that was just launched in 2017.
STICPAY is a hot new service that has recently been introduced by an increasing number of online casinos.
Overview of STICPAY
STICPAY is a new electronic payment service that was just born in 2017. STICPAY is certified by the FCA (Financial Conduct Authority) of the UK, so it is characterized by its transparency and reliability. Therefore, it has a reputation for being very safe.
Until now, it took several days to complete the remittance because it was necessary to intervene in the banking system when remittances were made overseas. However, since STICPAY allows you to move funds without going through the banking system, you can move funds quickly with low fees.
StickPay has been mainly used as a deposit and withdrawal method for FX sites since its service started. However, as of August 6, 2018, ecoPayz, which had been used as the main payment method for online casinos until then, has been restricted from providing services in Australia, so StickPay is attracting attention as a new alternative. increase.
In fact, the number of online casinos that have introduced StickPay has been on the rise in recent years. Specifically, you can use StickPay at the following online casinos.
STICPAY allows you to fund your account in one of the following ways:
・Overseas bank transfer
・Alternative payment method (Neteller)
*Currently, countries where bank remittance is available are Australia (AUD), Indonesia (IDR), Philippines (PHP), Singapore (SGD), Thailand (THB), United Kingdom (GBP), Vietnam (VND), and euro countries (EUR). ) only. It is not possible to deposit to STICPAY from banks in Australia.
Then STICPAY allows you to withdraw money from your account in one of the following ways:
・Domestic bank transfer
・Overseas bank transfer
・Alternative payment method (Neteller)
Fees for deposits and withdrawals between STICPAY and online casinos are basically free (some online casinos may deduct a 5% fee).
However, a fee will be charged when depositing or withdrawing money from a STICPAY account.
The base currency of STICPAY is HKD. Therefore, there is a 2% exchange fee for converting between currencies.
Benefits of STICPAY Deposits and Withdrawals
Here we will introduce the benefits of STICPAY deposits and withdrawals.
○ STICPAY card can be used
STICPAY allows you to create a STICPAY card when you open an account.
A STICPAY card is a card based on MasterCard, and you can use the funds in your STICPAY account like a debit card at stores that accept MasterCard in over 210 countries around the world. Furthermore, if you have an ATM that accepts MasterCard, you can withdraw the funds in your STICPAY account.
If you use this STICPAY card, you can use the money you earn at online casinos in the same way as a normal debit card when shopping and dining.
However, if you use this STICPAY card to withdraw from an ATM or charge your STICPAY card from your STICKPAY account, the following fees will be charged.
Charge fee from STICKPAY account to STICKPAY Card: 1.3% of charge amount
Withdrawal fee from STICKPAYCard to ATM: 1% of withdrawal amount
○ Support in Australian
STICPAY is a service provided by a global company based in Hong Kong, but we are also focusing on services for Australian people, and we have Australian-speaking customer support.
You can contact customer support by email. Therefore, if you have any questions or get into trouble, you can always consult in Australian.
○ There is a dedicated application
STICPAY has released a dedicated app, and you can deposit and withdraw freely from the app. You can check the movement of funds at any time on the app, so you can see at a glance how much you have used at the online casino.
Disadvantages of STICPAY Deposits and Withdrawals
Here we will introduce the disadvantages of STICPAY deposits and withdrawals.
▲ Fees are high
STICPAY charges high fees for deposits and withdrawals. In particular, the most convenient credit card (MatserCard / VISA) will charge a fee of 3.85% of the deposit amount.
Therefore, if you want to use STICPAY to deposit large amounts of money at online casinos, you will have to pay a lot of fees. This is a big disadvantage of STICPAY because other electronic payment services have lower fees.
▲Domestic bank deposit not supported
Many electronic payment services accept deposits from domestic banks, but STICPAY does not accept bank transfers. Therefore, the disadvantage is that you have to use other means such as Bitcoin and credit cards.
▲ The number of affiliated online casinos is small
STICPAY is still a new electronic payment service. Therefore, compared to other electronic payment services such as ecoPayz, VenusPoint, iwallet, etc., the number of affiliated online casinos is small.
▲Base currency is HKD
STICPAY uses HKD as base currency. Therefore, if you select a currency other than HKD at the time of registration, a foreign exchange fee will be charged each time you deposit or withdraw.
Therefore, if you use it in Australia, you will lose the fee, so be careful.
How to register STICPAY
Here, we will introduce how to register STICPAY. STICPAY registration is very easy, so if you just open an account, it will be completed in about 3 minutes.
Step 1. Enter required information
First, access the STICPAY official website and click the "Open Account" button on the top right of the screen. You will then be presented with a form for entering the necessary information required to open an account. Here, enter the following items without any mistakes.
-Date of birth
-Currency (Currency cannot be changed after registration)
Step 2. SMS authentication
After submitting the registration form, do an SMS confirmation.
On the next screen, a field for entering a phone number will be displayed, so enter it and click "Send SMS". Then you will be sent a verification code, so let's enter it in the appropriate place on the screen.
Step 3. Receive welcome email
After SMS verification is completed, a welcome email will be sent to the registered address. When you receive this email, the account opening is complete.
Step 4. Submit identity verification documents
When you open an account, it is a good idea to complete your identity verification at the same time. If the identity verification is not completed, there are restrictions such as the deposit limit is set and some functions of STICPAY cannot be used.
To verify your identity, first log in to STICPAY, open "Documents" in the menu, and go to the "Account" page. You will then be taken to a page where you can upload the required documents.
The following documents are required to verify your identity.
1. As an identification card, one from a driver's license, passport, or resident registry card with photo
2. As a proof of residence, one of the following: utility bill receipt, tax payment certificate, resident card, credit card statement, bank balance certificate, health insurance card with address
Take a photo of these ID documents and upload them. Please be sure to include your address on the form. Submitting this information will initiate a review. The review can be completed in minutes at the fastest, usually hours, and at the latest within 1-2 business days.
When the identity verification is completed successfully, you will receive an email with the content "Your STICPAY account has been approved".
This completes the identity verification and allows you to use all the functions of STICPAY.