Introduced in 2003 by a team of financial experts from the USA, DineroMail quickly became one of the most popular payment gateways for Latin America.
Why did this payment method gain so much traction?
Back in the days when the founding fathers of the brand registered it in Delaware, USA, more than half of the population of the major countries in South America did not have access to bank accounts and did not have credit cards. At the same time, the reality of the international economy was that those who did have credit cards could use them only in a limited number of international online stores. But more frequently, the cards were being declined.
With millions of people living in LatAm, and with the online world evolving quickly, the solution came in the shape of DineroMail – a universal gateway that worked with online and offline cash. Initially launched in Argentina, Brazil, Chile, Mexico, and Peru, with time it also spread to Colombia.
The key to the success of this payment method was that it linked credit cards and e-wallets with online sellers around the world, claiming a certain fee for its transactions. The list of cards covers Visa, MasterCard, Boleto Bancario, American Express, and a few more.
If a user did not have a card to submit, he or she could open an e-wallet within the DineroMail system and deposit to it via bank transfers or offline.
In 2011, DineroMail was acquired by the major group Naspers based in South Africa and was rebranded to DineroMail by PayU. In 2014, it cut the name shorter to PayU Latam.
DineroMail by PAYU
In casinos for depositing
In casinos for withdrawal
Minimum Bank Wire deposit fee
Maximum Bank Wire deposit fee
Minimum Credit card deposit fee
Maximum Credit card deposit fee
Currency conversion fee
A partir de la 6ta transferencia se pasará a cobrar $500 por transferencia.
Limites: transaction min
Limites: transaction max
No obstante, para realizar acreditaciones en la Cuenta DineroMail que hagan que su saldo supere la suma de pesos cien mil ($100.000), la Empresa se reserva la facultad de verificar los datos registrados por el Usuario en el Sistema contra una Tarjeta de crédito, cuenta bancaria u otro mecanismo a criterio de la Empresa.