Mobile gaming is booming…and there’s no question that it’s easy and convenient to play a quick game on your smartphone. According to the stats for 2021, there were 3.9 billion smartphone users worldwide (Newzoo). As more and more people are playing mobile games and in many cases playing for real cash prizes, we thought it would be helpful to talk about depositing and withdrawing money.
At AviaGames, we are committed to providing our community with an easy to use platform to play their favorite games for fun and for the chance to win money and other rewards. There’s a little something for everyone on the Pocket7Games platform, from classic games like Bingo Clash, 21 Gold, and Solitaire to casual, arcade-type games including 2048 Blitz, Tile Blitz, Cube Blast, and Dunk Shot.
Whether you’re a fan of puzzle games, math games or the classics, Pocket7Games is unique in that it allows people to play for free to practice cash games before putting money in a mobile wallet. With bonus cash and play-for-free options, you can give different game titles a try and see what’s right for you before spending money.
Beyond having fun, we also want our community of gamers to play responsibly. Pocket7Games is focused on creating a fair community for mobile gaming offering skill-based matchmaking, comprehensive gaming controls and anti-cheating measures using real-time analytics and human intervention. In addition, we work diligently to ensure that when players do play with real money, all transactions and parameters are done safely and securely and follow regional guidelines.
Following is a high level look at depositing and withdrawing money on Pocket7Games.
Deposit Methods for Pocket7Games
Currently, gamers have a range of safe and secure deposit methods for use within the Pocket7Games platform including, Apple Pay, Braintree Paypal service, PayPal, Visa or Mastercard or debit card, and Xsolla. In addition, depending on the deposit method, there are additional guidelines to keep in mind that help ensures security. For example, when using PayPal for deposits, there are specific requirements implemented by Paypal to help prevent fraudulent activities, including:
Non-U.S. PayPal accounts cannot be topped up
Players must use the same PayPal account for both top-ups and withdrawals
Only one player account can be tied to the same PayPal account
If a player has used Braintree PayPal to top up, subsequent withdrawals will be sent to the Braintree PayPal account
If the player has not used PayPal to top up previously, the player cannot withdraw to the PayPal account
Withdrawal Methods on Pocket7Games
When you are ready to withdraw money from the Pocket7Games platform, there are two options -- 1) a direct withdrawal of the amount of money that you have deposited for playing, and 2) a subsequent withdrawal which is the amount of money that you won playing games on the platform. When a player withdraws cash, the Pocket7Games platform prioritizes a direct withdrawal in order to meet the player's withdrawal needs. However, if the player has completed a direct withdrawal for the money previously deposited, the subsequent withdrawal will be paid out through the following channels:
PayPal account
Visa, Mastercard or debit card
Electronic check
After the player starts the withdrawal process, there is a 72 hour case review to protect against fraudulent activities. After review approval is completed. It takes approximately 7 business days for processing and transaction times across banks. There are costs associated for transactions that are covered with service fees depending on the amount of the withdrawal:
For amounts less than $10, there is a service fee of $1 per withdrawal
For amounts over $10, a 15% withdrawal tax is charged
The service fee is waived when 50% of the amount of cash deposited into your account is used as entry fees to games across the Pocket7Games app. For example, with a $100 deposit, joining matches totaling $50 in fees (one $50 entry or 10 $5 entry matches) waives the service fee
What About My Winnings and the IRS?
It is the policy of Pocket7Games (and in compliance with the U.S. Internal Revenue Service regulations), to send an IRS Form 1099-MISC or other appropriate forms to any player who wins more than $600 in a given year. Depending on the jurisdiction in which you reside, Pocket7Games may also send you a W-9 and/or additional tax forms. It’s important to remember that you remain responsible for paying federal and other taxes in accordance with the laws that apply in your local, state, province, and/or country of residence.