Review of Sticpay Casino Payments for Gambling from Canada

SticPay Canada Casinos: When Quality & Versatility are Your Top Priorities

Digital payment solutions have been around for decades, but their popularity has risen dramatically in recent years. For the most part, this has been directly proportionate to the escalation of online gambling. The more we turn to digital entertainment, the more we look for a digital means to fund it. And if quality and trust are high on your priority list, Sticpay casinos just might be the perfect solution.

Sticpay is a web wallet, or eWallet. It works very much like an online banking account. You can put money in it, pay for things with it online, and pull money out as you please. You can even buy and sell certain forms of crypto with it. Most importantly, for the majority of our readers, you can facilitate deposits and withdrawals for online casino activities.

It’s not all sunshine and roses, though. Sticpay is known to charge higher fees than a lot of rival brands. It also puts the majority of its focus on serving the Asian market (including South Korea, and Japan). Canadians are welcome to use it, if and where they find it available as a payment method.

It also seems that the Sticpay iGaming business model has slightly evolved in 2024. They still offer a payment gateway for online casinos and you will still find Sticpay as a deposit modality, but it seems there has been a shift towards offering cashback services (as we will see later) and recouping these gains for their customers via Sticpay withdrawals. So it seems there has been a shift towards using the method as a withdrawal/cashback solution, and less as a deposit modality in recent months.

We saw this with certain brands saying they didn’t accept Sticpay as a deposit modality anymore (for example BetBeast, and many others). However this doesn’t mean that Sticpay is fading away, as its number of partnerships with iGaming brands – for cashback services – seems to have increased. In any case, we’ll deep dive into this shift in this article.

And we’ll talk more about Sticpay features, fees and usage procedures below, along with providing a short list of Canadian Sticpay casinos. Thanks for visiting, and remember to always gamble responsibly.

Sticpay Canada – Table of Contents

• What is Sticpay?
• How to Sign Up
• Sticpay Security
• Speed of Payments
• Associated Fees
• How to Deposit
• How to Withdrawal
• Sticpay Casinos
• Did You Know?

What is Sticpay – A Global eWallet Without Boundaries

Sticpay is an online payment processing software and mobile app that allows users to send and receive money. Its services easily transcend that of traditional banks, facilitating transactions to/from anywhere in the world, in a wide variety of major and minor currencies. The software runs in desktop and mobile browsers, or you can download the Sticpay App for iOS or Android devices.

Sticpay gives users the ability to send and receive money abroad in under a minute, for a nominal fee. To do so via international bank transfer would take 2-3 days, and cost a much higher transfer fee. For recipients, withdrawals from Sticpay to a bank account are also much more convenient. Sticpay has partner banks all over the world. Thus, withdrawals are able to occur quickly, costing the same as a local bank transfer, rather than paying pricier international rates.

The worldwide versatility of Sticpay is its strongest selling point. It also promotes a high-quality, feature-rich product and years of trusted experience. However, there are reasons you might want to consider other options.

One potential negative is that the list of Sticpay casinos that accept Canadians is a short one, to put it mildly. It seems a lot of brands that accepted Sticpay have ceased to in recent months. For example at BetBeast. They list it as a deposit modality, but in practice it is not offered for deposits.

“Our management team has informed us that we are currently not accepting this payment method. BetBeast Live Chat. 9/3/2024”

However if you’re looking for a withdrawal/cash-back solution only, then your options are excellent, as we will see later.

You’ll pay a bit extra for that versatility, too. The most common complaint we’ve seen among users – and can confirm through personal experience – is the relative difficulty and time it takes to verify your identity. Once it’s done, you’re good to go, but it’s a process.

If these sound like equitable trade-offs for Sticpay’s upscale financial services, please continue reading. Otherwise, you may want to consider an alternative web wallet such as MiFinity.

How to Register a Free Sticpay Account

To get started with Sticpay, you’ll want to visit the official website and choose to Open a Sticpay Account. Alternatively, you can go ahead and download the Sticpay App for iOS or Android, then set up your account within the app. We actually recommend the latter, as the ID verification process is much easier in the mobile app.

Enter your personal details – all the usual stuff, like name, address, date of birth, phone number, email, etc. Once your account is registered, it’s time for KYC/AML identity verification. As previously suggested, get the app first. This way, you can take photos of your documents, as well as a selfie, for immediate submission.

Understand that you could be waiting up to 24 hours, maybe even a little more, before this goes through. Some say it takes just an hour or so, but our team experienced wait times between 5 to 12 hours, and others have complained of longer. The good news – once you’re approved, you’ll never have to do it again.

How Secure is Sticpay?

Sticpay’s parent company and subsidiaries are FCA/LFSA registered, maintaining strict regulatory compliance with account security and KYC/AML protocol. Its services incorporate the same highest-standard security measures as government banks and websites.

We encourage everyone to choose a very strong password. It should consist of lower and upper case letters, numbers, and symbols, and have nothing to do with your birthday, favorite people or pets. Remember, this is a real financial account that carries with it your sensitive personal information. Your security is as strong as your chosen password, and your effort to keep it a secret.

Can I Gamble Anonymously with Sticpay?

Absolutely not. While Sticpay is extremely secure, it is by no means a private payment application. The fact that KYC/AML protocol applies signifies that your identification is associated with all your transactions. If you’re looking for more privacy-oriented payment method, may we suggest prepaid cards or crypto currency.

Speed of Sticpay Payments – Instant!

Speed is one of the most consistent aspects of any eWallet service. Money sent always arrives immediately. Your casino deposit should be credited to your account less than a minute after confirming the payment. A quick glance at the Sticpay website, and you’re sure to witness at least one instance of its “commitment to process deposit / withdrawal in less than a minute.“

You read that right – even withdrawals take under a minute to appear in your Sticpay account. Of course, that time doesn’t start counting down until the casino actually processes the payment. Be sure to check the operator’s cashout policy to see if and how long it holds payments in ‘pending’ before processing them. The average is 12-48 hours. Once processed, then you can expect Sticpay to have your money in under a minute.

Cost of Sticpay Canada – Rates and Fees

Sticpay is a web-based service, and like most services, there are fees associate with its use. Some features are free, others are not. For example, account registration is free, but funding the account will cost you a fee. Merchant purchases and casino deposits are free, as are withdrawals into your Sticpay account, but transferring money back to your bank will incur a charge.

Below is a brief overview of the basic rates and fees. Please see the full Sticpay Fee Schedule for more information.

Sticpay eWallet Fees

How to Make a Casino Deposit with Sticpay

Another perk of web wallet casino deposits is that they’re all extremely easy to use. Sticpay is no different. Simply log in to your favorite Sticpay casino, choose this method from the banking page, and enter the amount you want to deposit. You’ll be redirected to the Sticpay web site to log in and confirm the payment, thereby shielding your financial information form the casino itself. For more details, please see the step-by-step procedures below.

Sticpay Casino Deposits – Step-by-Step

How to Cash Out with Sticpay

Anyone who successfully deposits with Sticpay at an online casino should be able to request a Sticpay withdrawal from the same casino. The process is pretty much the same. Log in to the casino, visit the cashier, choose Sticpay, and enter the amount to cash out. Because you’ve already used this method to deposit, the account should be linked. All you have to do is confirm that the Sticpay user ID/email address is correct to initiate a withdrawal.

As noted above, the time it takes to get a Sticpay casino payout depends entirely on the casino’s withdrawal policy. If there’s a delay for ‘process pending‘, your money will appear in your Sticpay account within a minute of the casino actually processing the payment. If you then transfer the money to your bank via international bank transfer, it should take another 2-3 days to arrive in your bank. Local bank wires are much faster, but are as yet unavailable in Canada.

Sticpay Casino Withdrawals Step-by-Step

About The Recent Sticpay Shift

Sticplay has recently made a notable shift in their business model. They decided to expand beyond their traditional role as an online casino payment gateway to introduce a new cashback service called STICPLAY. This evolution represents a strategic move to diversify their offerings and enhance user engagement in the iGaming sector.

From Payment Gateway to Cashback Service

Initially, Sticpay primarily focused on serving as a secure payment gateway for online casinos, facilitating deposits and withdrawals for players. If you don’t know what this means, their page on payment gateways is both excellent and comprehensive. This service allowed (and still allows) some casinos to integrate Sticpay as a payment option, providing users with fast and secure transactions.

Introduction of New Product STICPLAY

The company has now launched STICPLAY, a new iGaming cashback service that provides players with real money payouts. This service represents a significant expansion of STICPAY’s role in the online gaming ecosystem. Their new website is here. Key features of STICPLAY include:

• Partnerships with premium gaming brands. You can find the list here.
• Real money cashback rewards for players
• Integration with STICPAY’s existing payment infrastructure

An Enhanced Business Model

This move signifies a subtle but important shift in STICPAY’s business model:

1. Expanded Value Proposition: By offering cashback, STICPAY is providing additional value to users beyond simple payment processing.
2. Increased User Engagement: The cashback feature encourages more frequent use of STICPAY’s services and potentially longer-term user retention.
3. Revenue Diversification: This new service likely opens up additional revenue streams for STICPAY, potentially through partnerships with gaming brands.
4. Market Positioning: STICPLAY positions STICPAY more deeply within the iGaming ecosystem, potentially increasing its competitive advantage.

Implications for the iGaming Market

This shift comes at a time of significant growth in the online gambling market, with projections suggesting it could reach USD 153.57 billion by 2030. By introducing STICPLAY, STICPAY is positioning itself to capitalize on this growth while offering enhanced services to both players and gaming operators.

List of Canadian SticPay Casinos We Recommend

Below is a brief list of trusted Canadian casinos that have partnered with Sticpay for their new cashback program. On these sites you can withdraw to your Sticplay ewallet account, and also deposit using local methods (sometimes Sticplay when offered, other times you might have to use an alternative like Interac by Loonio).

Focus on Betssen as a Key Sticplay partner in 2024:

Betssen, a 2019 entrant to the online casino world, has quickly established itself by partnering with Sticplay. Their website boasts the Sticpay logo as you can see below, and they are ranked #1 with a 10/10 rating under the partnered brands page from Sticplay.

Operating under a Curacao license, Betssen has set its sights firmly on the Asian market, particularly East Asia. Yet it caters to Canada too. The casino isn’t skimping on its game selection either, offering over 4,000 titles that should satisfy even the most demanding gamblers. They’re also embracing the cryptocurrency trend, accepting Bitcoin and other digital currencies alongside traditional payment methods.

Did You Know? Ease of Online Payments Named #1 Driving Force behind Future iGaming Growth

Every good researcher loves statistics, just as every good gamblers loves a high-RTP blackjack table. As massive as the iGaming industry is, being the second largest eCommerce in the world behind adult entertainment, statisticians are constantly researching and publishing data in reference to internet gambling markets. Such data allows market managers to predict the most probable areas of future growth, and the catalysts behind foreseeable surges. In August, 2021, a study by Fortune Business Insights predicted the evolving ease of online payments would be the number one driving force behind the impending growth in global online gambling markets between 2021 and 2028. A number of other factors are sure to play a role, but it is the convenience and increasing trust in digital payments that top the list. “Advanced, intelligent technologies, such as artificial intelligence (AI) and blockchain, are being increasingly employed by online gambling platforms to ensure a secure and safe space for enthusiasts. Heralding this trend are startups that are developing and offering novel gambling platforms powered by smart technologies… The incorporation of new-age solutions in digital gambling is, thus, opening new pathways of development for this market.” – Fortune Business Insights, courtesy GlobalNewswire