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Background of the Peruvian Sol

The Sol is Peru’s official currency. Interestingly enough, the current sol is a modern iteration of the original sol de ore currency used in the past between 1863 and 1985. It replaced the Peruvian inti in 1991. The word sol derives from the Latin word solidus, meaning solid. In Spanish, sol translates to the word sun. Possibly unintentionally, the country has continued the tradition of sun references in its currency. Before it, the Peruvian inti used from 1863 to 1985 got its name from the Sun God of the Incas named Inti!

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The Peruvian sol currently has eleven denominations in circulation. The number technically rounds up to thirteen if the discontinued 1 and 5 centimos coins count. Looking at the currency’s banknotes, you’ll find 10, 20, 50, 100, and 200 soles. The coins include 10, 20, and 50 centimos, and 1, 2, and 5 soles. The Peruvian sol isn’t too well-known outside of the country. While it’s easily recognized in some other South American regions, that’s about it.

Casino Payment Methods that Accept Peruvian Sol

The Peruvian sol isn’t used too often for international transactions, but Peruvian citizens should have no issue finding appropriate banking methods that support it! The currency is listed as an option with several popular payment services, many of which have found themselves in online casinos and betting sites across the globe! While most of these payment options are top-tier, some are better suited for Peruvian players than others. With that in mind, here are a few of the top ones to choose from right now:

  • VISA: VISA is one of the most widespread payment options out there. It’s available in most online casinos, giving users a nearly endless list of operators to choose from! The good thing about VISA is that it’s a well-established method that provides secure and reliable transactions. The bad news is, it might seem a bit outdated compared to some of the modern banking options available these days. Unlike many of them, VISA comes with relatively long processing times.
  • MasterCard: MasterCard and VISA are practically two sides of the same coin when you look at them as casino payment options. Like its competitor, MasterCard is available in countless online casinos. Players can practically pick a venue from a never-ending list of excellent operators! Unfortunately, MasterCard can also seem outdated compared to modern banking services, especially when processing times are involved.
  • MuchBetter: MuchBetter is a popular eWallet that’s been doing incredible in South America. While relatively new, the service has grown immensely in a short time, proving to be a reliable method for online casino banking. MuchBetter comes with tons of benefits. Transacting with the service is quick, convenient, and safe. Additionally, you won’t be charged large fees to do it! The downside to using this service comes from its novelty. While it’s expanding rapidly, it’s still not available in too many online casinos.
  • EcoPayz: EcoPayz is another eWallet option Peruvian players are likely familiar with. This UK-based service is an excellent option for casino banking as it offers a myriad of pros users can take advantage of. Among them, the anonymity, speed, and unprecedented security EcoPayz provide tend to stand out! Unfortunately, EcoPayz isn’t a viable option in most online casinos. Players might be limited to a few venues that accept the service.
  • AstropayCard: AstroPay Card is one of the most popular payment services in Peru. The virtual prepaid card is known for its convenience, making the entire depositing process as easy as can be! Since it is a prepaid card, AstroPay grants users anonymity when gambling online. On top of that, it also supports instant deposits that aren’t subject to fees! While this all sounds perfect, there is one downside to using this method - online casino withdrawals aren’t available.

Peruvian Sol Gambling Policies

Peru has one of the best approaches to online gambling worldwide. In Peru, the activity is regulated on a federal level. Players are free to enjoy different forms of gambling without worrying about repercussions. While this is already pretty impressive, it goes a step further. Peruvian citizens can play on foreign sites too! There are no laws against playing in online casinos that aren’t operated or licensed by the Peruvian government.

Given that online gambling in Peru has only been regulated since 2008, the country’s achievements in the field are praiseworthy. They impose a licensing process that’s pretty straightforward, requiring operators to adhere to a strict set of rules to receive a license. What’s better, Peruvian gambling licenses aren’t limited to companies based in the country! As long as they meet the requirements, international brands can apply to receive one as well.

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