Baloto is an online game and a payment method in Colombia, which is operated by IGT GAMES SAS and PagosOnline (PayU), respectively. Since it doesn’t have its own banking-related site, it’s closely linked to its parent company PayU, which is essentially a payment gateway. It’s one of the available payment options within the system, among others like Banco de Bogotá, Bancolombia, Efecty, Diners Club, American Express, MasterCard and Visa. Below is a full overview of how you can use Baloto to make payments at online gaming sites. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.
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How It Works?
Just like its parent company, PayU, Baloto is more widely used in Latin America. If this is a payment method of your choice, then simply look for the logo in the cashier and proceed to the checkout page. Simply note the amount that you want to deposit after which you’ll be redirected to the Baloto landing page, which should be encrypted.
There you’ll be presented with two payment codes, one of which will be activated during one of the four activation periods per day. Once processed, you’ll be notified, after which both codes must be taken to a land-based merchant that accepts Baloto. Unfortunately, since this is a next-day credit service, it can take up to 24 hours to complete the transaction and credit your funds to operator’s account. Hence, if you value speed of processing over the above, then look for an alternative banking method instead.
While there are many limitations with the Baloto payment method, there’s no sharing of any sensitive information, such as personal or financial details. As such, you can remain anonymous. Just remember to take the code to the Baloto payment outlet within 5 days, after which it expires. For added safety, it can only be used once and cannot be reloaded or merged with other payment voucher of its kind.
There’s little to no info on the payment method, nor any associated fees. However, there’s a good reason to believe that Baloto single-use vouchers come without any additional cost to the end user. Be sure to confirm that at the checkout.
Baloto is currently accepted at a variety of online casinos, including DrueckGlueck, EuroMania, LunaCasino, SlotsMagic and PlayMillion.
Baloto is a single-use payment voucher that’s offered by a Colombian payment gateway service PayU. It allows customers to remain anonymous and add a layer of protection when making payment, without sharing any of their personal or financial details with the seller or service provider.
Click here to visit Baloto website.
Posted by CCJ Team