iWallet Casino List – Online Casinos With iWallet

Last updated: 07 June 2023

The financial industry is a place where companies seek to connect with users in a private and somewhat ‘sensitive’ way. Because of the peculiar nature of the relationship between banking methods and users, it’s becoming more common to see brands focus on a particular region.

In this sense, less is indeed more – they get to know the culture and habits of the people there, which results in service that is of higher quality. iWallet is one such example, as they’re one of the few fintech companies that are both aimed at the Asian market and gambling-friendly.

Since we at Casino Banking Methods always like going against the grain, we felt the only reasonable thing to do was to whip up a detailed iWallet review. In it, you’ll get a close look at one of Asia’s hottest deposit methods. In addition to iWallet itself, we’ll also cover the best iWallet casinos and bonuses.

Top Casinos That Accept iWallet Payments

To help you get the most out of this particular piece of eBanking software, we wanted to find out what are the best iWallet casino sites. We tested the biggest names accepting iWallet, and graded them on just about everything. The result is the iWallet casino list below. Regardless of which choice you make in the end, we can guarantee that your gaming experience will be safe, smooth, and exhilarating. Pick one and start playing!

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money-bag 100%, up to €1,500/AU$2,000
cherry 100 Free Spins
  • Welcome package up to €5,000
  • A lot of game categories
  • Variety of payment methods

18+ | New Customers Only |

T&C Apply
money-bag 100% up to AU$250
cherry 100 Free Spins
  • 110+ software providers
  • Numerous payment methods
  • VIP program of 30 levels

18+ | New Customers Only |

T&C Apply
money-bag 100% up to 250€ / 450AU$
  • Accepts both fiat and cryptocurrencies
  • Top-notch gaming selection
  • 24/7 customer support

18+ | New Customers Only |

T&C Apply
money-bag 100% up to $100
cherry 100 Free Spins
  • Nice welcome offers
  • 24/7 Live Chat
  • High withdrawal limits

18+ | New Customers Only |

T&C Apply
money-bag 100% up to €1,000 / 1,500 AU$
cherry No Free Spins
  • PayID Austalian Casino
  • Landbase payments
  • 24/7 Live Chat

18+ | New Customers Only |

T&C Apply

Casumo

88.67%

18+ | New Customers Only | Opt-in required. 20 Bonus Spins on “Sahara Riches Cash Collect” and 100% Deposit Bonus up to £25 on first deposit. Min deposit £10. 30x wagering requirement for Bonus Spins and 30x wagering requirement for Deposit Bonus (game weighting applies). Max £5/spin or £0.50/line or £10/round (live casino). 30 days expiry. Please Gamble responsibly begambleaware.org

T&C Apply
money-bag 100% up to £25
cherry 20 Free Spins
  • Free deposits & withdrawals
  • Reel Races
  • Evolution & Playtech live dealers

18+ | New Customers Only | Opt-in required. 20 Bonus Spins on “Sahara Riches Cash Collect” and 100% Deposit Bonus up to £25 on first deposit. Min deposit £10. 30x wagering requirement for Bonus Spins and 30x wagering requirement for Deposit Bonus (game weighting applies). Max £5/spin or £0.50/line or £10/round (live casino). 30 days expiry. Please Gamble responsibly begambleaware.org

T&C Apply
money-bag 100% up to 400€/AU$
cherry 100 Free Spins
  • Home to top software providers
  • Live chat available 24/7
  • Multiple payment options

18+ | New Customers Only |

T&C Apply
money-bag Up to $5,000
  • No wagering requirements
  • Amazing live casino
  • Fast payments

18+ | New Customers Only |

T&C Apply
money-bag 100% up to €500
cherry 200 Free Spins
  • Impressive live casino
  • Great cashback offers
  • Sportsbook

18+ | New Customers Only |

T&C Apply
money-bag 100 Free Spins
  • Lightning-fast payouts
  • The Masked Singer branding
  • Top-notch live casino

18+ | New Customers Only |

T&C Apply

Company Background

Book icon

iWallet seems to have been founded at just the right time, back in 2009. The brand was officially established in Hong Kong, which many consider to be the financial center of the entire Asian continent.

Alongside Hong Kong, the company has support desks in the Philippines and Europe. Moreover, starting with a team of 20 members, the team is constantly growing, expanding its reach in other Asian markets.

It’s also worth mentioning that iWallet is one of the very few platforms explicitly marketing themselves as a deposit option for online casinos.

Moreover, when you visit their site, you can see many promotions targeting different countries. For example, you will see a banner promoting local bank transfers in Malaysia, Thailand, Vietnam, and Indonesia or information that iWallet now supports cryptocurrencies.

Some of the most convenient services you can use to fund the wallet with USD include VISA and Mastercard or international bank transfers.

If you prefer local providers, use the China UnionPay card issued from Mainland China, China local bank transfer, or Japanese bank transfer. Moreover, you can also deposit in national currency via local banks in Vietnam, Indonesia, Malaysia, or Thailand.

In a world where payment providers shy away from casinos, due to the stigma involved, it’s refreshing to see companies like iWallet giving players what they want.

Today, this is still a centralized platform, with a strong presence in many markets. While they have expanded their goals since when they first started processing payments, iWallet is fully committed to making our lives easier with fast payments and a plethora of options for integrating their services with other payment methods that people use.

But what about currencies? Well, iWallet is definitely on top of the game when it comes to this particular aspect. In terms of fiat currencies, you can deposit/withdraw with: USD, EUR, GPB, JPY, HKD, SGD, IDR, PHP, CNY, THB, MYR, and VND.

In 2020, iWallet also added cryptocurrency support. As of now, you can fund your account with BTC, BCH, XRP, ETH, LTC, ZEC, and DASH.

iWallet Updates

  • November 2021: Intercard Introduces iWallet at IAAPA Expo 2022: A Cashless Payment Innovation for FECs.

Target Markets

Target icon

iWallet’s main focus is on the Asian market, mainly the Eastern part of the continent. Interestingly, iWallet can’t be used for gambling purposes in Hong Kong. Even though it’s their base of operation, the region’s restrictive laws on gambling have thwarted any expansion efforts.

Currently, we can confirm that iWallet is available in Japan, China, Malaysia, Singapore and the Philippines. Interestingly, they are also licensed to operate in the United Kingdom, but there aren’t many UK online casinos willing to offer this Asia-centric payment method.

iWallet had initially set its sights on Japan since online gambling in this country was reaching sky-high levels of popularity. However, iWallet didn’t keep its focus on the Japanese market only.

Consequently, the company decided to keep growing its foothold in the region. For example, one of the countries where iWallet also focused its attention too was Malaysia. The popularity of online casinos and iGaming in Malaysia skyrocketed during the pandemic.

As a result, players from Malaysia were looking for a convenient payment method for online gambling that supports local currency. And, they found the solution – iWallet.

How to Set Up an iWallet Account: Step by Step Guide

Although iWallet might be a novelty to you, the easy signup process will make you feel right at home in no time. Let’s see what you have to do before playing at iWallet online casinos!

  1. Go to https://iwl.hk and click Register

    Right off the bat, everything is straightforward. You simply visit iWallet’s homepage and click on the silhouette of a person located in the upper right corner. It’s highlighted in pink, right next to the display language menu.

    Go to https://iwl.hk and click Register
  2. Pick your account type and enter your email

    Unlike most payment methods, iWallet doesn’t seem to focus on either B2B or B2C services. Instead, they take care of both business and casino players with equal devotion. Thus, you can pick between three account types – Personal, Business, and Corporate.

    If you don’t intend to use your iWallet account for work-related purposes, Personal is the way to go. Once you’ve made the pick, enter your email. It doesn’t only serve as a means of verifying your account, but it will also be your username going forward.

    Pick your account type and enter your email
  3. Enter your personal information and check your email

    Once you’ve selected an email that will be your username, you can fill out the information sheet. What you’ll need to enter is the following: name, surname, DOB, country, and a password. Afterwards, you can read the terms and conditions and agree to them. The only thing left to do to officially activate your account is to check your email and click on the verification link. Congratulations, you’ve created an iWallet account!

    Enter your personal information and check your email
  4. Hold your horses... You still need to verify the account!

    Even though iWallet claims that their service is usable even without an ID check, that’s not completely true. If you’re using a free account, you have a cumulative transaction limit of $1,000.

    To lift this limit, you need to provide a government-issued ID, with the same name that you entered during the previous step. It usually takes around a day or two to get cleared, but once you do – iWallet casinos will be at your mercy.

    Hold your horses... You still need to verify the account!

Available Currencies

Bitcoin Cash icon

BCH

Bitcoin icon

BTC

Chinese renminbi icon

CNY

Ethereum currency icon

ETH

Euro icon

EUR

British pound icon

GBP

Hong Kong Dollar icon

HKD

Japanese yen icon

JPY

Litecoin icon

LTC

Malaysian ringgit icon

MYR

Philippine peso symbol

PHP

Singapore dollar icon

SGD

Thai baht icon

THB

US Dollar icon

USD

Casino Deposits and Withdrawals

Withdrawal icon

By now, you’ve probably realized that simplicity is one of iWallet’s calling cards. They refuse to impose unnecessary steps and obligations. Instead, they strive to find the simplest and most secure way to complete any and all transactions.

You can see this in the deposit process, too. Let’s see how you can make a casino deposit iWallet:

  1. Go to your casino’s website and log into your account.
  2. Now, head on over to the Banking section. At some sites, it’s also called Cashier or Deposit – you get the idea.
  3. Pick iWallet from the provided list of payment methods.
  4. Enter your account information (email and password) and the amount you wish to deposit.
  5. Click confirm.
  6. Refresh the page and you’ll see the funds in your account. That’s it!

As for withdrawals, the process is almost exactly the same, but in reverse:

  1. Go to the Withdraw/Banking/Cashier section.
  2. Pick iWallet as your preferred withdrawal method.
  3. Enter the amount, your personal details, and click confirm. Done!

Detailed Overview of Transaction Fees

Overview icon

iWallet doesn’t impose any processing fees on casino players. All the expenses are paid by the merchants (casinos accepting iWallet deposits and withdrawals, in this case).

According to both iWallet themselves and their partners, these expenses are very reasonable when compared to the cut other payment providers take. Fairness should always be applauded.

The only fees you might encounter will be those connected to currency exchange. iWallet takes a small cut, but this is normal for all eWallets that have this feature.

If you gamble and make your everyday payments with the same currency, this won’t bother you. If you want to close your account, there’s a $5.00 fee you need to pay. Unneeded, but we’re going to let it slide because everything else is free.

Timeframes for iWallet Payments at Online Casinos

Time icon

Overall, iWallet does a nice job at keeping its processing activities running like a well-oiled machine. For deposits, you can expect an instant transfer of funds. Just complete the steps we listed above and you’ll be able to start playing right away.

As for withdrawals, you can realistically expect to your winnings arrive in 2-3 business days. This is not overly long, especially if you’re used to VISA or wire transfer deposits. To minimize this period as much as possible, avoid requesting withdrawals before the weekend.

Deposit and Withdrawal Limits

Limits icon

When you first create an iWallet account, you will have a $1,000 cumulative transfer limit on your account. By providing proof of identity, this limit will be removed and you’ll be able to deposit and withdraw any amount you like.

Most casinos that accept iWallet don’t fall into the high-roller category. The most common minimum deposit is $10, which is pretty much the industry average.

As for the maximum amount you can transfer – it depends. In most cases, it will go to $5,000. However, some online casinos with iWallet allow loyal players to renegotiate this. Read your site’s T&C to find out if this is possible.

Best iWallet Casino Bonus

Casino operators always keep a close eye on developments in the payments industry. Whenever a particular provider becomes popular, they race to create bonuses that would include this payment method. iWallet is no exception.

Its popularity at Asian online casinos resulted in a myriad of bonuses popping up. As exciting as a gazillion bonuses might sound, it can be a hassle to go through every single one before you find an ideal fit.

Thankfully, we already did that for you. We tested 30+ iWallet online casino bonuses and determined that the following ones provide the greatest number of benefits. Get that free cash and use it wisely.

Masked Singer

Deposit

Free Spins

Not needed

60x (Free Spins winnings)

Ongoing

£10

£100

74%

Ohmyzino

Welcome Package

45x (B+D)

Ongoing

€25/AU$40

72%

Casino Days

Deposit

Not Needed

35x B

Ongoing

€20

€50 from free spins

72%

JohnVegas

Welcome Package

50x (B + FS)

Ongoing

€20/AU$30

No

71%

Winz.io

Free Spins

WOW

None

Ongoing

€20

No

71%

Katsubet

Welcome Package

First

45x (B), 50x (FS Wins)

Ongoing

€20/AU$35

70%

Spin Samurai

Deposit

Not Needed

45x

Ongoing

€10

No

70%

22Bet

Deposit

Not needed

50xB

Ongoing

€1

No maximum

68%

Security

Banking security icon

iWallet has this section covered, as well. They use the secure version of HTTP, HTTPS, in order to ensure that everything happening on their platform stays between you and them. In addition to this, iWallet also uses SSL encryption in order to protect all data.

Even though this is pretty much the industry standard nowadays, many payment providers still fail to construct a proper, multi-layered security scheme. The company also has an in-house anti-money laundering officer (AMLO), in addition to a compliance officer (CO). This way, any fraudulent activity occurring on iWallet’s platform is an impossibility.

Customer Support

working-hours
Working Hours

Mon-Fri: 00:00-24:00

Weekend: 00:00-24:00

comments
Chat

No

mobile
Phone

No

Here’s where iWallet falls a little short. It’s 2021 and there’s no reason why payment providers need to resort only to email and a contact form.

We can’t stress this enough, really. And it’s not like adding a few phone lines and a live chat client are a gargantuan task. Everyone and their dog can purchase a VoIP package and add a ZenDesk client to their website.

Our experience with iWallet support

Still, the agents we dealt with were very diligent and forthcoming. They didn’t give simple answers. On the contrary, they were willing to explain things that we didn’t even ask for. Response times were surprisingly fast, so that’s another plus.

Overall, iWallet’s approach to customer support is outdated. Still, the substance is there in the form of well-trained and polite agents. A small modernization effort will improve things drastically.

Player Experiences

Honestly, we had a lot of trouble finding negative reviews about iWallet. The ones that we were able to locate, on various forums and review sites, mostly related to slow withdrawals from an iWallet account to another platform.

Of course, this is always an unpleasant experience, but we believe these comments aren’t based on facts. When you withdraw money from iWallet to, let’s say, your bank account, the money is out of iWallet’s jurisdiction once you okay the transfer. It isn’t iWallet’s fault. The other platform is to blame.

Other than that, casino players showered iWallet’s account creation process with praise. They are delighted by the security of the whole ordeal, as well as the overall easiness.

Taking all of this into consideration, we have no other choice but to give iWallet our stamp of approval. They are legit and real people can attest to this judgment.

Extra Features

What iWallet lacks in quantity, they most certainly make up for in quality. There aren’t many extra features, but the ones that are there are legit.

The iWallet prepaid card is perhaps the most significant of the bunch, as it allows for players to cut out the middle man and just use a piece of plastic for their online gambling needs. What we like the most is that iWallet won’t let users stick the card in just any ATM.

Instead, the iWallet prepaid card can only be used at modern ATMs with up-to-date security features. This might be a bummer if there isn’t a well-developed ATM infrastructure in your city/town, but it’s awesome to see a company care about security that much.

We would also like to highlight the cryptocurrency deposit feature. You can add funds to your account via BTC, BCH, XRP, ETH, LTC, ZEC, and DASH.

Unlike some payment systems that double as a crypto-wallet, iWallet doesn’t want the added security risk. You can deposit any amount you like and it will be converted into EUR once the payment is processed. An innovative way of funding accounts, no doubt.

Mobile Capability

android ios

iWallet has invested a lot into developing their apps, and it can definitely be said that they have some amazing software on their hands. Available on both iOS and Android, the iWallet app is a seamless continuation of what you already experienced on the desktop version of the site.

All the sections are clearly defined and highlighted, allowing even a complete novice to find their way around the app. The UI is incredibly pleasing to the eye, with blue and white being used in all the right places. There were no bugs, unexpected crashes, or anything. It’s your banking app of the future!

Interesting Facts

  • Although iWallet is based in Hong Kong and regulated by the authorities there, you can’t use it for gambling purposes within HK.

  • The company was founded in 2009 and eventually opened a second base of operations in London.

  • Since 2020, you can use cryptocurrencies to fund your iWallet account. Before, you could only use fiat currencies.

  • iWallet has partnerships with most of East Asia’s local banks, so you can use the service for everyday needs.

  • iWallet also actively endorses some Japanese online casinos and is open when it comes to their support for the iGaming industry.

  • If you have an account at some of Japan’s biggest banks, you can also fund your account with a voucher.

  • If you live in Malaysia, Thailand, Vietnam, or Indonesia, you can deposit and withdraw with an iWallet account in local currency. Local bank transfers are convenient and fast, without additional fees.

FAQ

If you play a verified, legal site, then sure. Check out our top list above to see the best ones!

No, all processing and transaction fees are paid by the casino.

Certainly! The transaction process is exactly the same, so there’s no reason not to.

No, but you need to provide proof of identity if you wish to lift the spending limits for unverified accounts.

Yes, you can complete transactions in less than a minute!

iWallet can technically be used in 50+ countries, but only a few allow gambling-related use. If iWallet isn’t available where you live, check out some other banking methods we’ve reviewed.

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Relja Bojovic

Relja Bojovic

Senior Content Writer

Relja started off as a content writer in 2016, working his way through various niches and assignments to where he is today. Along the way, he realized that he has a particular affinity towards iGaming and fintech. An avid crypto and slots enthusiast, most of his duties involve analyzing the latest and most intriguing payment methods. LiveCasinos.com, Bettingmetrics.com and Betting.com are just some of the sites with his prints all over them.

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