The digital economy and e-commerce are on the rise globally. However, cash is still among the most used payment methods in some parts of the world. Mexico is one of the countries where a significant proportion of the population is still unbanked.
Some data say that even two-thirds of Mexicans don’t have bank accounts. As a result, credit and debit card penetration is low as Mexican still prefer to pay in cash. And even those who have bank accounts and bank cards still decide to use cash. Simply, old habits die hard.
Consequently, international companies operating in Mexico had to adjust their business models and apply local payment methods to increase market reach. The same strategy applies to online casino operators that welcome Mexican gamers.
Casino players from Mexico know that paying in cash at online casinos was a problem. However, the casino providers managed to adjust and started accepting the most popular cash-based voucher in Mexico, OXXO. One of the main benefits is that players who don’t have access to bank accounts and bank cards can now safely enjoy their favorite hobby. From that moment on, the online casino players’ base in Mexico is increasing.
OXXO is a cash voucher you can use to pay for different online services and goods in physical stores across the country. Information that in Mexico, OXXO was the third most popular payment method in 2020 confirms this cash voucher’s relevance. OXXO is a real-time online transfer service that guarantees anonymity and is very is easy-to-use. For that reason, people prefer to use OXXO for all sorts of payments, including online casino entertainment.
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OXXO is a safe and anonymous instant cash coupon that appeals to gamers from Mexico. Hence, the number of online casinos having OXXO on their Cashier page is a bit limited. There is no need for worry, though, as there are enough industry-leading names that accept OXXO payments. 888casino and 1xBet are a few renowned online casinos with this banking method on board. And the Casino Bloke’s team of experienced casino and Fintech experts made sure to handpick the best OXXO online casinos for you.
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Company Name:
Oxxo
Headquarters:
Monterrey, Mexico
Established:
1977
78 / 100
Rates, Fees & Cost – Setup cost and transaction fees
8
Security – Level of safety and security measures
9
Availability – Number of serviced countries
6
Reputation – Overall feedback among players and consumers
8
Customer Support – Quality of assistance and speed of response
8
OXXO is an extremely popular and the largest chain of convenience stores in Mexico, with over 11 million customers a day. It was founded in 1977 by the beverage company FEMSA. OXXO also has shops in other LATAM countries, including Colombia, Chile, Peru, and Brazil. The company grew steadily, adding new departments such as OXXO Gas operating gas stations. In 2016, OXXO signed a deal with Amazon. This e-commerce giant agreed to accept OXXO cards as payment methods, while OXXO started to sell Amazon gift cards at its stores.
Knowing that Mexico is mainly a cash-based society, where almost 70% of Mexicans still don’t have bank accounts, the company decided to use its vast network of shops to facilitate payments. As a result, they created OXXO cash vouchers. At the outset, this one-time card was issued to pay monthly bills, which is why it became so widespread. Over time, people started to trust OXXO and the voucher became extremely popular for all sorts of payments. However, the primary issue was the usage of cash for e-commerce.
In 2017, OXXO partnered with Conekta, a leading Mexican Fintech company, and launched OXXO Pay. It was a new payment method providing 14-digit reference number people can show in-store and make payments. OXXO Pay eliminated the need for printing bar codes and streamlined the payment procedure. Conekta sent payment confirmation to retailers in real-time. In this way, OXXO Pay is more efficient and gladly accepted by online merchants.
Many webshops and payment platforms have implemented OXXO to adjust the services to the local community. Consequently, the number of people using these cash slips to pay for online transactions at one of 19,000+ OXXO physical shops is growing each day. Interestingly, this payment method represents almost 20% of all online transactions in Mexico. As a result, OXXO is the cash payment leader in Mexico.
Online payments with OXXO are straightforward. You order an item online, select this payment method at the checkout, and receive an instant voucher with an amount, unique payment reference, and barcode. To make an offline payment, print the coupon or save it on your mobile phone and visit the OXXO shop. Then give the voucher to the clerk at the checkout, pay in cash, and once the merchant confirms the payment, the transaction is done.
Or, if you wish to use OXXO Pay, select “Cash payment through OXXO Pay,” and you’ll receive a notification containing a 14-digit reference number. Then visit any OXXO shop, show the reference number and make the payment. You will receive payment confirmation immediately.
Depositing at OXXO-friendly online casinos is extremely easy and safe. Visit the banking page and check what option is available: OXXO or OXXO Pay. If you use OXXO, first enter the amount you wish to deposit, and then you’ll need to print or save a bar code on your phone and go to a shop to finish the payment.
If the casino has an OXXO Pay option, the process is similar, but you won’t need to print the bar code as you’ll receive a unique reference number you need to show in the shop to make the payment. As a payment method focused primarily on Mexico, the consumer currency is the Mexican Peso (MXN).
As for the withdrawals, we’ll have to disappoint you. You won’t be able to cash out the winnings using OXXO vouchers. Therefore, we advise you first to check which alternative options are at your disposal before you top-up the casino account.
OXXO is an instant, one-time cash voucher that facilitates one-way payments. As such, this banking solution doesn’t support withdrawals. As we’ve already mentioned earlier, please visit the online casino’s banking page to see which withdrawal method they offer to pick the best one.
The main difference between OXXO and OXXO Pay is that OXXO Pay sends payment confirmation in real-time. It means that online casino credits your balance immediately, allowing you to head straight to the games lobby.
On the other hand, standard OXXO voucher deposits are usually confirmed within one banking day. However, be aware that you may end up waiting on payment confirmation for up to five business days. Furthermore, pay attention that OXXO vouchers have a due date. They are no longer valid after three business days, so make sure to pay the bill within the timeframe to prevent them from expiring.
If you use OXXO Pay, Conekta has a 3.9% fee + VAT, and OXXO shops charge an additional 12 MXN for the service. Generally, in a shop, you will pay 10-12 MXN for processing the payment. Online casinos don’t have extra costs, but always check the payment policy and terms and conditions to avoid unpleasant surprises.
You can send a direct email to [email protected] or call a toll free number 01 (81) 83 20 20 20. If you are in Monterrey, use this number: 83 20 20 20. Make sure always to have your ticket information at hand. The official website also offers an online form and has official social media accounts you can also use to reach out. The official Facebook page says they typically reply to messages within an hour, which is quick enough.
If you live in Mexico and don’t have bank cards or don’t want to use them for online gambling, OXXO is a perfect choice. OXXO is a safe and easy-to-use payment method. As a cash voucher, it prevents you from spending more than you should. With over 19,000 shops across Mexico, you won’t have a problem finding a terminal to finish the payment. And if you use OXXO Pay, online casinos will credit your balance instantly as transfers are confirmed in real-time. If you wish to keep your online casino indulgence for yourself, OXXO ensures 100% anonymity. You don’t share any personal or banking details.
Deposits with OXXO Pay are instant as payments are confirmed in real-time. If you need to pay using a standard OXXO voucher, you will wait 1-5 business days for the casino to receive a payment and then credit your balance.
Yes, there are. Usually, the OXXO shop will charge 10-12 MXN for the transaction.
Unfortunately, you won't be able to cash out the winning with an OXXO voucher. You will have to find another way to transfer the money.
OXXO is a local payment method focused on Mexico and a few countries in Latin America. As such, the only consumer currency supported is MXN.
Absolutely. OXXO is a voucher-based cash payment that doesn't require any account registration or revealing personal or financial details.
This payment method is focused on the Mexican market, but you can find OXXO shops in Colombia, Peru, Brazil, and Chile.