SYNOTTIP.LV PAYMENT POLICY
About deposits
The minimum deposit amount is 5 €.
Remember that you can deposit into your player account only from a bank account or payment card registered in your own name and linked to the bank account registered on the synottip.lv website. By doing otherwise you are breaking the terms & conditions, and your players account may be temporarily locked up for clarification.
Please pay attention that based on Latvian legislation, for transactions exceeding 2 000 €, we will request to upload identity documents and fill in an identification questionnaire.
Please note that the right of withdrawal under the Consumer Protection Law does not apply to gambling.
You can top up your game account using various payment methods available on our website:
- Swedbank
- SEB
- Citadele
- Luminor
- Revolut
- Wise
- Paysera
- Payment card (Mastercard or VISA payment card)
- Bank transfer
How to verify a payment card?
If you want to top up your balance with a payment card, you'll need to verify it. First of all, choose the deposit method "Credit card", and then select the option “Add new card” below.
Verify your card by entering your card details. Note that the card must be linked to the bank account registered on the website. After a successful verification, you will see an invitation to upload your proof of payment:
Take a screenshot or a photo of your bank statement so that your name, surname, bank account number (IBAN) and payment from the credit card (last 4 digits of the credit card) you used to deposit are clearly visible. Make sure all the information requested is clear and legible.
You will receive an email from us as soon as your document has been successfully verified. If we have any questions or the document is not valid, you will receive an e-mail from us.
About the withdrawals
The minimum withdrawal amount is 10 €.
Winnings are processed and paid out daily, including weekends and public holidays once an hour, 24 hours a day.
Withdrawals up to 2 000 € to bank accounts that support SEPA Instant (instant payments) are usually credited to the account within a few minutes. Withdrawals to other bank accounts are credited within one working day.
The maximum amount of a single withdrawal is 50 000 €.
To which bank account can I request a payment?
You can claim winnings only to the same bank account that you used to top up your account to participate in gambling.
VISA payment card rules
It is the user's responsibility to ensure that gambling is permitted in the country or region in which they are located and that the payment card can be used to pay for it.
The user assumes all responsibility and risks for the service used. No guaranty of any kind, express or implied, is given during the use of the service. The Company's system/network may experience certain delays. The Company reserves the right to determine the outcome of the service.
The User may terminate the business relationship with the Company at any time by giving written notice of termination. The Company shall await the results of all Casino Games before terminating the business relationship. If, upon termination of the business relationship, the User's gaming account contains funds to which the User is entitled, the Company shall, at the User's request, transfer the funds to the User's bank account registered in the system. If the User fails to contact the Company within three (3) years after the termination of the business relationship, the User shall forfeit his/her rights to the funds in the User's Game Account and the funds shall become the property of the Company.
The Company shall not issue any certificates or receipts for the transactions made by the User. Transactions are recorded electronically in the Company's system and on the Service. The User shall continuously check the User's Game Account for compliance with the transactions performed.
The Company recommends the User to keep a confirmation of their transactions.
How and when are the winnings taxed?
Please be informed that based on the legislation of the Republic of Latvia on personal income tax:
24. If a payer has won a lottery or gambling prize exceeding 3 000 € and it has been paid out once or in total during the entire visit to the gambling venue, for the part of the lottery or gambling prize exceeding 3 000 € but not exceeding in accordance with the Law on State Social Insurance "during the taxation year, a tax rate of 25,5 per cent shall be applied, but for the part of the lottery or gambling winnings that exceeds the maximum amount of the mandatory contribution object determined in accordance with the Law" On State Social Insurance ", a tax rate of 33 per cent shall be applied.
A person must pay tax on all of their winnings, from all gambling organizers together, the total value of which exceeds 3 000 € per year.
At www.synottip.lv, the tax will be withheld from each of your winnings starting from 3 000 € during one session, while the winner is obliged to pay tax on the excess amount if it has not been withheld by the payer. You can find more information about PIT calculation procedure here.
If you want to receive a text message about the taxes paid on your winnings from SIA JOKER LTD, please write an application in a free form to info@synottip.lv, indicating your name, surname and personal identification code.
If you have additional questions, contact our customer support service, which is available 24 hours a day in LIVE chat, by phone +371 20200693 or by writing to info@synottip.lv.