Alipay online casinos
The best Alipay casinos in 2020 are highly regulated and allow you to fund your online gambling accounts instantly. Alipay online casinos are prevalent in China and give players the added security of using a web wallet to fund and withdraw from their casino balance. Our top Alipay gambling sites for 2020 are:
An overview of Alipay casino deposits
Alipay has quickly become a massive factor in payment processing in China, while many online casinos have started accepting AliPay deposits in 2019.
In short, Alipay is a web wallet solution that allows customers to store funds digitally, before spending them at merchants that accept this type of payment. If an online casino does not have Alipay you won’t be able to use this deposit method.
Best online casinos with AliPay banking
There are many online casinos in 2020 that accept AliPay as a deposit method, including many sites WorldGamblingList.com endorses.
Be aware that you will have to be a member of AliPay to use this service at an online casino. It essentially allows you to move money from your funded web wallet to your casino account.
The best Alipay casinos are based in places like Malta and the United Kingdom and feature thousands of real money casino games, including hundreds of slots and live casino tables for all the classic games.
If you are a member of AliPay it’s likely you know that this is a big business with tight security protocols. It’s really an ideal gambling deposit method because they cannot afford to be associated with casino sites that don’t uphold strict standards.
The WorldGamblingList.com believes the following online casinos that accept AliPay are the best in 2020:
How to use AliPay to fund an online casino account
There are two main ways that gamblers can use AliPay to fund their online casino account: via their mobile phone or through using your AliPay credentials.
QR Code at casino payments page
To use this method you need to sign up at an online casino that has AliPay as a deposit method. You then visit the banking or cashier section of the casino and choose Alipay as your payment method. Punch in how much you want to deposit when prompted and then scan the QR code with your AliPay mobile app. You then follow the prompts and finalize your payment to the Alipay casino site.
Using your Alipay credentials at online gambling sites
This is also an option for Alipay account holders who, for one reason or another, can’t use the app. You follow a similar process except when you reach the checkout stage. To begin, sign up at an online casino that accepts Alipay, then visit the cashier or banking section and choose Alipay as your deposit method. Instead of scanning your QR code, enter in your account details which you can find inside your Alipay account. You are then all set to make an Alipay gambling deposit from China.
Using AliPay to deposit in your online casinos account really is self explanatory once you have began the process with most gambling sites prompting you through the entire process.
Making withdrawals with Alipay at online casinos
AliPay also allows players to withdraw funds from their online casino account, back to their AliPay account. While moving money with AliPay is usually instant, often there will be a lag time while an online casino processes your request. This is pretty standard despite AliPay being an “instant” money transfer in most cases.
AliPay fees for gambling transactions
Alipay charges merchants fees for each transaction, with this usually being a small percentage or a capped amount, depending on the individual arrangement they have with the business.
In terms of gambling sites, AliPay will have struck up arrangements with them individually, and it will be up to your chosen online casino whether they pass on the costs of the transaction to the consumer, or they wear it themselves.
All good Alipay online casinos will make this information very clear when you visit their banking sections.
History of AliPay
Originally launched in 2003, by Taobao, AliPay was one of the first companies that forced China’s hand in issuing regulation surrounding third-party payment providers. These guidelines are different to those placed on foreign banking methods.
AliPay was originally set up as the payment processor for the Alibaba Group, but has expanded to become an financial gateway for other online businesses including casino gambling. The company was largely founded by prominent Chinese businessman Jack Ma.
AliPay is now one of the biggest payment processors in the world, officially overtaking Paypal for daily users in 2013. Unlike Paypal gambling though, AliPay does most of its business in China, while it has also expanded into many other countries, including Hong Kong, Singapore, Japan, Bangladesh, USA, Canada, United Kingdom and Norway.
Statistic coming out China claim that AliPay makes up over half of all non-bank transactions in the country, a huge market share. It sits comfortably alongside other similar services like WeChat Pay as a popular Chinese banking method at online casinos.
Part of AliPay’s international expansion was to target Chinese tourist hotspots, where they have partnered with local banks and then offered AliPay payments at brick and mortar retail outlets.
In 2020 more and more AliPay online casinos are springing up as they realise the lucrative gambling industry can provide them with a financial windfall.
Verdict: Are Alipay casinos safe?
Alipay is a respected payment processor in many different areas of business in China, with it not just a company set up to handle online casino banking. This should fill you with confidence when looking to play at an Alipay casino, but it still pays to take precautions like checking out the reputation of the gambling site you are looking to sign up at. Overall, Alipay as a casino deposit method gets a big tick from the team at the World Gambling List.