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TrueMoney is a financial technology brand that provides e-payment services to Southeast Asia. It offers speedy service, secure transactions, and the chance for top-quality casino bonuses.
You can use TrueMoney for payments to and from many casinos in the Philippines, but we recommend joining Trada Casino for a fantastic experience.
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What is TrueMoney?
TrueMoney was founded in 2003, and it provides e-payment services across various countries in Asia. This includes Thailand, Vietnam, Cambodia, Myanmar, Indonesia and, of course, the Philippines. Through the service, you can pay bills, send and receive money, deposit and withdraw funds, and more. This is all achievable through a TrueMoney centre near to you. As a result, you get to join safe online casinos, while using a secure payment method.
TrueMoney operates as a sort of middleman between your bank account or credit/debit card and your casino of choice. Thus, your private banking details are not exposed to the casino site in question. It also offers an affordable way to make deposits at casino sites, having been a popular service there since entering the market in 2016. By January of 2019, TrueMoney had served over 5 million customers.
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If you want to use TrueMoney for depositing money in the Philippines, follow this simple guide to doing so.
- Visit a TrueMoney retail store to acquire a card for the service or download the TrueMoney mobile app.
- Add funds to the TrueMoney card or app, either by using a credit/debit card or bank account details.
- Visit the casino you want to join and sign up for an account.
- On the cashier page of the casino, select TrueMoney as your preferred payment method.
- Enter an amount to deposit into the account and then follow the instructions to verify the transaction via TrueMoney.
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Opening an account with TrueMoney and/or downloading the mobile app is free of charge. Yet it is prominent to know about transaction fees. The amount you pay for money transfers depends upon the amount you want to deposit into your casino account. Anything between PHP 1 and PHP 100 incurs a PHP 3 charge, for example. Yet this fee increases if the amount you want to deposit is larger.
The fees amount to between PHP 3 and PHP 330, with a maximum transfer possibility of PHP 50,000 being possible. It is therefore important to know that you will need to include this payment alongside your deposit. So, if you want to deposit PHP 500, for example, it is necessary to pay a fee of PHP 14 for the transaction. This means a total payment of PHP 514 should be made. All transaction fees can be found on the TrueMoney Philippines website.
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If you intend to also withdraw through TrueMoney, then you need to know a bit more about doing so. It’s not likely to be found at any fast payout casino sites, first and foremost. An online casino can have a payout processing timeframe of anywhere between 24 and 48 hours.
After this timeframe, your funds will be sent to the TrueMoney app wallet or card that you own. This doesn’t usually take a long time, but in rare cases, it can take up to three business days.
If you then want to withdraw from your TrueMoney wallet or card, you can do so. This requires you to visit a TrueMoney retail store with your physical card or mobile app. The agent in the shop will ask you to enter your 4-digit PIN to authorise this. After doing so, they will hand over the money you have requested.
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Take a look at the advantages and disadvantages come along with using the TrueMoney payment method for online casino gaming.
- Instant deposits
- Safe and secure transactions
- Possibility of receiving excellent casino bonuses
- Works with card or bank transfer payments
- Real-time confirmation via TrueMoney mobile app
- Fees attached to any transactions
- Only a small number of casinos currently supporting transactions via TrueMoney
- Only available to a small group of Asian countries
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You needn’t worry about going without when it comes to depositing through TrueMoney, either. While you do have to pay a transaction fee, there is a strong chance you will be able to receive bonus offers at your chosen casino. There will likely be a casino welcome bonus on hand that you can obtain after making an initial deposit.
Most casinos also provide rewards for existing customers as well. This can include free spins bonuses, cashback rewards, reload bonuses and even perks from VIP programs. It’s important to check the T&Cs of each individual bonus offer to ensure you know how it works and what you’re getting involved in, too.
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While we always hope that payments and other services through TrueMoney will go smoothly, this cannot be guaranteed. If you do meet a problem and you’re unsure how to hand it, then you need the assistance of customer support. Fortunately, TrueMoney has a support team available to reach out to for you.
Visiting the TrueMoney website will allow you to click on the Support link to see the various FAQs there. If this doesn’t provide the help you require, then you can speak to an advisor as an alternative. Below, you can see the methods this is possible through.
- Support form
- Live chat
- Telephone
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TrueMoney has its own unique features to benefit from, but you will also be able to find other payment methods operating in a similar way. Below, you can see the payment methods that work in the same way as TrueMoney.
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PayPal is a fast and convenient ewallet, available in many different countries worldwide.
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Gcash is an online digital mobile wallet based in the Philippines with over 46 million active users.
GCash is supported by 22 casinos
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Wise (previously Transferwise) allows customers to pay in 50+ currencies with an app or card.
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Best GrabPay Casino Sites in 2024See All GrabPay Casinos
GrabPay is a Malaysian mobile payment platform that supports online casino payments and more.
GrabPay is supported by 27 casinos
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Anyone choosing to play online casino games likes to know they are experiencing a safe and secure platform. Just because you’re joining one of the biggest casinos in the world doesn’t mean it offers a secure experience, after all. That’s why it’s important to check into the safety levels of a gambling site before signing up.
A platform should provide you with the ability to browse through its privacy policy and terms and conditions. Doing so will allow you to see how things operate and the security in place at your chosen casino. TrueMoney itself is a secure payment method, so this combines perfectly with various secure online gambling sites.
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Making a deposit through TrueMoney for online gambling comes with similar points to consider as many other banking options. There are certain tips to keep in mind when placing bets and playing online casino games for real money in the Philippines. Have a look at the most important tips to consider below.
- Don’t deposit and gamble with more money than you can afford to lose.
- Start out with smaller wagers and then, if you’re comfortable, increase them.
- Don’t chase your losses by betting higher amounts.
- Know when to come away from the casino – you can always return another day.
- Make the most out of any bonus offer provided to you.
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TrueMoney is a registered Electronic Money Issuer (EMI) in the Philippines, and it is regulated by the Bangko Sentral ng Pilipinas. The Philippines head office is located at the following address:
Units 2805 – 2806
The Podium West Tower
12 ADB Ave.
Ortigas Center
Mandaluyong City
Philippines 1605
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Here are the common questions from TrueMoney's users.
Which countries accept TrueMoney?
TrueMoney is available in Southeast Asia, operating in countries like Thailand, Cambodia, Indonesia, Myanmar, the Philippines and Vietnam.
Can I use TrueMoney at online casinos?
Yes, you can use TrueMoney for your online casino deposits and withdrawals.
Is TrueMoney free to use to gamble?
You will pay a transaction fee whenever you use TrueMoney, which differs depending upon the amount you are depositing.
Are there casino games that pay out real money to TrueMoney?
The casino games that you can play after depositing with TrueMoney are available in real money mode, yes.
Can I claim a free online casino sign-up bonus using TrueMoney?
There are many online casinos providing sign-up bonuses to players who choose to deposit through TrueMoney, yes.
Can I play online casino slot machines using TrueMoney?
Yes, you can. Make a deposit with TrueMoney in the normal way and the funds you transfer are usable on the available slot machines at your chosen casino.
Reviewed by Julia Attard
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