Withdrawal Options At Plae8
If we were to review Plae8 based on its payment mechanisms only in the past, it would be a drawback as Plae8 offered limited deposit and withdrawal methods. For instance, if you wanted to deposit money in your Plae8 account to fund your wager on a sporting event or play an online casino game, the only channel available was bank transfer.
However, recently Plae8 has introduced the option of cryptocurrency and accepts bitcoin and Ethereum now as well. This is a good move and helps people who want to maintain their anonymity. Other payment options, including FPX, GrabPay, EeziePay, Help2Pay, etc., are available now. For the currencies accepted, currencies are Singapore dollars and Malaysian ringgit.
For bank transfers, the positive aspect is that most Asian banks work with the platform to facilitate users with various preferences. These include FASTPay, POSB, Standard Chartered, OCBC Bank, and UoB.
To make a deposit, you need to choose a specific channel keeping in mind that the currency you used to make the deposit, your withdrawal will be in the same currency. You must also use the same payment channel for deposits and withdrawals. The amount you transfer to Plae8 is reflected in your Plae8 wallet, which stores your balance before placing bets or making withdrawals.
Like other betting sites, Plae8 also implies withdrawal and deposit restrictions. For instance, the maximum withdrawal limit per day is RM50, 000. In a single month, you can withdraw up to RM 1,500,000. It is also pertinent to note that Plae8 restricts withdrawals to five times a day.
To withdraw, you must clock in on your wallet and choose a withdrawal method. Enter the required amount keeping in mind the allowed limit, and you are done. The entire process takes a few minutes only.
Withdrawal conditions at Plae8
Like its other counterparts in the industry, Plae8 also provides requisite terms and conditions for the withdrawal process to take place smoothly. It is important to read these conditions as it may help you understand if you have any issues with your withdrawal request.
- You can withdraw from Plae8 in the same currency in which you made the deposit.
- When you withdraw money from your settled bets, Plae8 may ask you to provide photographic identification or your credit or debit card.
- If you have not played through your deposit in full, you cannot make a withdrawal.
- When you make a withdrawal, be mindful that any taxes, charges, or other costs related to your bets or deposit and transfer activities are charged to your account and will be deducted accordingly.
Is it safe to bet on sports at Plae8?
Plae8 caters to multiple markets in Asia and operates under licenses from PAGCOR and Curacao. Hence the site is an authentic betting service provider and online casino. In Europe, the platform has been featured on Bloomberg and Business Insider, which further endorses its authenticity.
Plae8 also offers betting opportunities to bettors and provides end-to-end encryption to ensure that user’s personal data and financial transactions are safe. Therefore, if you want to bet on your favourite sports in South East Asia, Plae8 is a viable option.