DragonPay Casinos - Safe Deposit

Did you know that over 34 million Filipino adults are un-banked? This means that many merchants in the Philippines are unable to accept payments through the use of online banking, credit card, debit card or other payment methods. To overcome this hurdle, Dragonpay stepped in as a leading online payment platform. Dragonpay opens up the world of e-commerce to the Philippine Islands by offering online payment solutions through its payment gateway. With many online merchants under its belt in the manufacturing, travel, logistics, government, education and retail industry, Dragonpay's main focus is to ensure that online merchants and customers alike have many ways to process and accept payments online.

We have put together all the information you need to know about Dragonpay for your convenience below. By understanding how Dragonpay works, its offerings and how it compares to alternative online payment providers, you will be fully equipped to make use of this payment system at a Dragonpay online casino in no time. Let us take a closer look.

DragonPay Casinos - Safe Deposit
Emily Thompson
Written byEmily ThompsonWriter
Researched byPriya PatelResearcher
Localised byEthan LimLocaliser
What is Dragonpay?

What is Dragonpay?

As a response to the growing need of Filipino customers and businesses for alternative payment channels for cash, founder and CEO, Robertson "Dick" Chiang established Dragonpay in 2010. By doing so, Chiang provided the Philippines' consumers with more ways to pay. With its headquarters located in the city of Makati, Dragonpay gives merchants, retailers, companies and customers the opportunity to send and accept various payment methods through a secured digital platform - establishing itself as a one-stop-shop payment gateway. Its broad range of trusted and supported channels include GCash, mobile payments, PayMaya, Cash Express, big banks such as BDO Network Bank, BI and UnionBank. In addition to these channels, Dragonpay even supports channels such as brick-and-mortar over-the-counter physical outlets, including remittance centres, payment centers and ATMs. By hosting additional features that promote alternative and progressive ways to receive and send money, Dragonpay is considered a high-tech payment solution, developed for multichannel integration and frictionless payments processing.

With nearly 13 years of experience and over 11 million customers under its belt, this payment solution has accomplished over 130 million money transfers to date. Dragonpay is without a doubt one of the biggest and most accessible, convenient and reliable payment methods the Philippine Islands have seen over the past decade - with many opportunities for growth and expansion in introducing Filipinos with more ways to pay.

What is Dragonpay?
Depositing with Dragonpay at an Online Casino

Depositing with Dragonpay at an Online Casino

Due to Dragonpay's ability to host a multitude of trusted online and over-the-counter payment options within its payment solution, it is understandable why this solution is becoming more and more popular. Many Filipino players are turning to the payment gateway as a convenient means to start playing and making casino deposits. As a consumer, you can make payments or deposits using Dragonpay in three main ways:

Making a deposit using online payment methods

  1. Visit the online casinos that support Dragonpay and make your way to the deposit payment screen.
  2. Choose Dragonpay from the list of payment options and select the preferred payment method.
  3. Use the reference number and instructions emailed to you to make the deposit.
  4. Enter the exact amount you wish to deposit.
  5. Confirm the online payment details and wait for Dragonpay to notify you once the transfer is complete.

Making a deposit using the Dragonpay app

  1. Open the Dragonpay application and sign in to your account with your login details - usually your email and password.
  2. Follow the payment instructions provided by you.
  3. Deposit funds into your account using one of the supported payment channels.
  4. Head over to the online casino that accepts Dragonpay deposits.
  5. Go to the deposit payments section and select Dragonpay from the list of payment solutions.
  6. Login to the payment portal through the app and enter the exact amount you wish to deposit.
  7. Confirm the online payment details and wait for Dragonpay to notify you once the transfer is complete.

Making a deposit using over-the-counter outlets

  1. Ensure you have the set of instructions sent to you by Dragonpay for physical deposits.
  2. Visit your bank and set up the deposit payment using the instructions provided.
  3. Make the payment and you are set to go!

It is important to note that Dragonpay has different payment instructions per transaction. Therefore, we recommend that players fully understand the steps they need to take before making a casino deposit. Dragonpay's instructions list that is sent to your email address will include the account number where you need to deposit, the bank institution, and your reference number. Some facilities accept Dragonpay through ATMs. However, you can only do this if the merchant accepts this as a kind of payment method. In this case, you will also receive a set of instructions to make the deposit payment at the ATM.

Daily deposit limits with Dragonpay

If a customer has access to the full Dragonpay application, no daily limits or limits per transaction apply. This means that users are free to make casino deposits using as much money as they please. However, if players are using Dragonpay Lite, the transfer limit per 24 hours is 100,000 PHP and the limit per deposit is 10,000 PHP.

Depositing with Dragonpay at an Online Casino
How to Make a Withdrawal Using Dragonpay

How to Make a Withdrawal Using Dragonpay

Making withdrawals at online casinos through Dragonpay follows a similar approach to that of depositing money. As a consumer, you can also make withdrawals using Dragonpay in three main ways:

Withdrawing using online payment methods

  1. Visit the online casino's website and make your way to the withdrawal payment screen.
  2. Choose Dragonpay from the list of payment solutions and select the preferred payment method.
  3. Use the reference number and payment instructions emailed to you to make the withdrawal.
  4. Enter the amount you wish to withdraw.
  5. Confirm the online payment details and wait for Dragonpay to notify you once the transfer is complete.

Withdrawing using the Dragonpay app

  1. Open the Dragonpay application and sign in to your account with your login details - usually your email and password.
  2. Follow the withdrawal payment instructions provided by you.
  3. Head over to any of the online Dragonpay casinos.
  4. Go to the withdraw payments section and select Dragonpay from the list of payment solutions.
  5. Login to the payment portal through the app and enter the amount you wish to withdraw.
  6. Confirm the online payment details and wait for Dragonpay to notify you once the transfer is complete.

Withdrawing using over-the-counter outlets

  1. Ensure you have the set of instructions sent to you by Dragonpay for physical withdrawal.
  2. Visit your bank and set up the withdrawal payment using the instructions provided.
  3. Withdraw your money and the transaction is complete!
How to Make a Withdrawal Using Dragonpay
Daily Withdrawal Limits with Dragonpay

Daily Withdrawal Limits with Dragonpay

Daily withdrawal limits are the same as daily deposit limits. If customers have access to the full Dragonpay application, no daily withdrawal limits or withdrawal limits per transaction apply. This means that users are free to make as many casino withdrawals as they please. However, if players are using Dragonpay Lite, the transfer limit per 24 hours is 100,000 PHP and the withdrawal limit per transaction is 10,000 PHP.

Daily Withdrawal Limits with Dragonpay
Dragonpay Processing Fees and Times

Dragonpay Processing Fees and Times

As we know, Dragonpay's main objective is to provide its customers with the opportunity to send and accept various payment methods in a convenient, fast and hassle-free manner. However, due to certain restrictions from payment partners, there are various processing fees and processing times set out per payment method. Let us take a look at this:

Processing fees

Fortunately for you, the fees applied to each Dragonpay transaction are relatively low. Most charges are only around 20 PHP - enabling gamblers to make lots of deposits and withdrawals at a low cost. However, various online casinos may charge additional small fees at the time of withdrawal. Hence, we strongly recommend that players go through the casino’s terms and conditions in detail before registering with them.

Deposit processing times

Dragonpay is known for its speedy transfer processing times. The payment gateway's network processes transactions immediately, and as a result, deposits are almost instantaneous. Dragonpay provides much quicker deposit times than traditional payment methods such as bank transfers, which can take between one to two business days. This is ideal for gamblers, as it means they can deposit funds and start playing right away.

Withdrawal processing times

Withdrawals using Dragonpay are slightly different. Withdrawals tend to take longer as there is more variation between online merchants. Whilst Dragonpay processes the payment instantly, banking partners often have compliance checks and other processes that they need to follow before payments are released. As a result, most withdrawals using Dragonpay take between 24 hours and two days to appear in bank accounts.

Dragonpay Processing Fees and Times
Where Is Dragonpay Accepted?

Where Is Dragonpay Accepted?

As mentioned before, the heavy reliance on cash in the Philippine Islands means that a significant number of Filipinos are not registered with a bank or use online banking or payment tools such as a PayPal account for convenient transactions. As a result, Dragonpay was a direct response to this unique Philippines-specific issue. Because of this, it is currently only available in and most popular in the Philippines, and is not supported globally as of yet.

In terms of the currencies that are supported by Dragonpay, the Philippine Peso (PHP), the US Dollar and the Canadian Dollar can be used to make and accept payments. In addition to the three traditional currencies mentioned, Dragonpay also supports Cryptocurrencies. These include BinancePay, Bitcoin, Ethereum and Tether.

Where Is Dragonpay Accepted?
Top Bonuses with Dragonpay

Top Bonuses with Dragonpay

Bonuses are used by online casinos to reward players for carrying out certain tasks. Online casino bonuses are used as a way to attract and retain gamblers and are great ways to enhance your playing budget. However, it is important to note that all bonuses are subjected to certain terms and conditions and wagering requirements based on the online casino used and the region players find themselves in. General bonus-related tasks include signing up, making deposits, playing loyally and referring to new members. It is imperative that gamblers know what type of online casino bonuses they can expect before joining in on the gaming experience. We have found that the top bonuses for Dragonpay online casinos typically issue are Welcome bonuses. Let us look at this kind of online casino bonus in more detail:

Welcome bonuses

Many online casinos offer welcome bonuses for their newly registered customers as a sign-up bonus or a deposit bonus. The kind of bonus is either free money or free spins, but it always comes with terms and conditions. Therefore, we advise players to read through these terms and conditions thoroughly beforehand.

Top Bonuses with Dragonpay
How to Choose the Right Deposit Method

How to Choose the Right Deposit Method

The uptake of Dragonpay in the Philippines is due to the multitude of solutions that it offers both consumers and businesses. It is a convenient payment gateway that allows users to use cash, checks and transfers using ATMs. In a country where the number of credit card users is less than 10%, and with more than half of all inhabitants preferring to use cash, Dragonpay is the perfect payment mechanism to expand transfer options for Filippinos. Let us take a closer look at some of the Pros and Cons of using Dragonpay:

The Pros

  • A wide variety of deposit methods.
  • Mobile transaction availability.
  • Over the Counter (OTC) banking availability.
  • Inclusive of bank transfers with the majority of the major banks active in the Philippine Islands.
  • Instant processing time.
  • It uses industry-standard Secure Socket Layer (SSL) technology to protect the transmission of users' data.
  • Affordable, as the majority of costs fall on the merchant. For the consumer, a low transaction fee between 1% and 4% is applicable depending on the transaction method.

The Cons

  • With it being a relatively new technology in this region, some consumers have found it difficult and confusing to use.
  • Tough competition. Regardless of the excellent service, with established brands such as PayPal extending into this region, users may feel weary of using a local brand such as Dragonpay.
  • Limited brokers.
  • Set-up fee. There is a one-time set-up fee applicable to everyone before they are able to use the service.
  • No free trial is currently available.
How to Choose the Right Deposit Method
Safety and Security Using Dragonpay

Safety and Security Using Dragonpay

Dragonpay understands that online transactions are still relatively new for the Philippines, and thus an important step in increasing uptake is ensuring that the service is safe and reliable for the consumers. This is why Dragonpay has made sure that safety remains an integral part of their offering. This online banking service uses industry standard, Secure Socket Layer (SSL) technology. This technology is put in place to prevent and protect the transmission of your data from your browser to its server. In addition to this, Dragonpay does not store financial information such as your banking ID and password. This ensures that your sensitive data is safe from third party bad actors. Additionally, to ensure all your transactions are verified, a tracker is used to ensure payments reach the correct addresses. Overall, Dragonpay has put measures in place to ensure that it is a reputable and safe method of transferring money and receiving payments.

Safety and Security Using Dragonpay
Dragonpay Account Opening Process

Dragonpay Account Opening Process

Dragonpay is a service that is used by both the merchant and the consumer. Usually there is no need for the consumer to open up an account, as that onus falls on the merchant should they want to load Dragonpay as a payment option. However, with the recent creation of the Dragonpay application, should users want to utilise this app, they would need to create an account. There is no specific age limit attached to the app. However, should you want to link Dragonpay to your bank account, you would need to adhere to the industry standard age limits required to open an online bank account or e-wallet account with the service provider you are currently with.

The setting up of an account using the application is quick and can be summarised in three easy steps:

  1. First of all, you will navigate to either the Dragonpay website or follow the instalment instructions for the mobile application once you have downloaded it.
  2. By following the prompts, sign up for an account and complete the registration process. You will be required to fill in the information as per the prompts and to upload the necessary verification documents.
  3. Once this has been completed, you can now sign in to your new account with your login details, which are usually your email and password.
Dragonpay Account Opening Process
Discover Other Deposit Methods

Discover Other Deposit Methods

Although Dragonpay has shown to be a convenient, progressive and secure online banking solution for users to send money and make payments, reviews concerning this payment solution show other concerns. Many users have said to find the interface to be complicated, the customer service or chat support team unreliable and that they receive quite a few error messages when processing a payment or refund. With this in mind, it is important for players to discover various deposit methods. By doing so, and by understanding how various online casino deposit methods compare against each other, gamblers can make an informed decision when choosing the best casino payment method for them. Below are two alternative deposit methods for you to discover:

Skrill

Skrill is a digital wallet and known to be one of the most popular payment methods out there. Skrill offers a safe and secure way to manage your online transactions. With its increased popularity, many players choose Skrill to deposit winnings.

Neteller

Neteller is a convenient e-wallet payment solution and is one of the earliest and most successful payment systems at online casinos, and is still widely used by millions of players today.

Discover Other Deposit Methods
About the author
Emily Thompson
Emily Thompson

Emily "VegasMuse" Thompson is a seasoned online casino enthusiast from down under. With a keen eye for details and an inherent knack for strategizing, she has turned her passion for the online casino world into a successful writing career.

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FAQ

Everything you need to know about casinos

What is Dragonpay?

Dragonpay is an online payment platform that gives customers the opportunity to send and accept various payment methods through a secured payment gateway. Its broad range of trusted and supported channels include GCash, PayMaya, Cash Express, big banks such as BDO Network Bank, BI and UnionBank. In addition to this, Dragonpay supports physical channels such as brick-and-mortar over-the-counter payment outlets, including remittance centres, payment centres and ATMs.

Can I trust Dragonpay?

Yes. This online banking service uses industry standard, SSL technology to prevent and protect the transmission of your data. In addition to this, Dragonpay does not store financial information such as your banking ID and password - ensuring that sensitive data is safe from third party bad actors.

Can I transfer money to my bank account using my Dragonpay credits?

Yes. You can use the Dragonpay application to transfer your Dragonpay credits to whichever banking provider you prefer to process a withdrawal.

Is Dragonpay free?

No. There is a one-time set-up fee applicable to everyone before they are able to use the service.

How long do Dragonpay withdrawals take?

Most withdrawals using Dragonpay take between 24 hours and two days to appear in accounts.