For anyone looking to play casino games online, there are a wealth of options when it comes to making payments. Credit and debit cards, wire transfer, pre-paid cards and e-wallets. Which one is best being really down to you decide as each has its own set of benefits.
An increasingly popular way of making online payments is to use a pre-paid card and there are a number of companies currently providing such a service. Once such company is Entropay.
The idea behind this company's product is to provide a virtual card payment service allowing customers to collect, spend and transfer funds at an online casino. There's no need to share personal details every time a deposit or purchase is made. But it's still a payment option that offers the flexibility of a Visa card and is accepted by millions of merchants and vendors around the world.
The Advantages of Using Entropay
There are a number of benefits including:
- Access to the Visa network – Entropay can be used anywhere Visa cards are accepted
- Easy management of online casino bankroll - you can only spend what you put on it
- Instantly available to use - no wait for a card to be delivered in the post
- No credit checks
- Transactions are private - and only the Entropay brand name will appear on bank statements
- Various currencies can be used - withdrawals and deposits can be made using USD, EUR or GBP
How Entropay Works and How to Use It
If you want to play at one of many online casinos that accept Entropay you'll first need to set up an account. This has to be done by visiting the company's website but should only take a couple of minutes. Once the account opening process has been completed you'll be given a virtual Visa associated with your account. There is no physical plastic card you can put in your wallet, it is only a virtual card.
This type of Visa card doesn't have a credit line you can draw on. Instead, just like an e-wallet, you need to link something to the Entropay account that will be used to fund it. It could be a bank account or another type of card. The amount of money you load on to the card is up to you and once it's loaded you can spend it as you choose.
To spend the money, you need to find an Entropay online casino, and there are plenty of them. Or one that accepts major credit cards. Decide how much you want to deposit with the cashier, input your card information and the transaction will be processed immediately. The added bonus with Entropay, unlike other forms of pre-paid vouchers, is that it can be used for withdrawals.
Who is responsible for Entropay?
Entropay was first launched in 2003, by a company named Ixaris Systems Ltd. It was the first ever virtual pre-paid Visa card in Europe and has transformed the way electronic payments are made. Based in England it's licensed and regulated by the Financial Conduct Authority under the Payment Services Regulations 2009. The Visa cards are issued by the Bank of Valletta Malta.
With Entropay You Can Keep Your Identity Secret
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One big benefit of using Entropay is that you can keep your identity secret. There is no need to give a casino your bank account details. It's possible to use the card for the sole purpose of funding your casino time and the rest of your money can be kept separate and safe. The latest industry standard 128-bit encryption technology is used. So, you can be confident your details will be kept as safe and secure as possible.
One of the best aspects of using Entropay is that the signing process is quick. Another is that no credit checks are performed. You don't need a bank account to set one up either. Any debit or credit card can be used to set it up. Alternatively, a bank transfer from anywhere can be used to set it up in a matter of minutes.
Is Entropay a Free Service?
Let's be honest. Do you really expect it to be free? Entropay is not a bank and is not a charity either, so there are bound to be charged for using this payment method. You don't have to worry about any hidden charges, as they are all upfront. But unfortunately, they aren't the cheapest payment provider. Making a deposit into your Entropay Visa account is currently charged at around 5%. To make a withdrawal from your casino account into your Entropay will also cost, but only 2%.
Is Entropay as Popular as Other Methods of Payment?
When it comes to being accepted as a method in its own right its popularity is moderate. A large number of sites actually list it as one of the accepted payment options, However, while it may not be listed specifically, it's still possible to use it anywhere that Visa is accepted. Which of course increases its popularity significantly. And this extends further than Entropay online casinos. Most merchants or vendors accept Visa, which means an Entropay card can be used to pay at any of these sites as well.