PLEASE NOTE THIS PAYMENT METHOD WAS ACQUIRED BY TRUSTLY AND THEREFORE DISCONTINUED.
Entercash appeared at a time when online gambling desperately needed a solution that would connect players, their banks, and the casinos. Founded in 2011, when online gambling took a swing, this solution proved to be an excellent option for depositing at online casinos. But what makes Entercash a great option for online casino players? You’re soon to find out.
As a financial institution…
…holding a Payment Institution License, ergo, a license to perform financial services, Entercash boomed in its home country, Malta, as a solution that connected merchants and banks in a rather remarkable way.
It started out as a small brokerage company, but thanks to its official license and quite the innovative team, it managed to affirm and widen its network of collaborations. The company collaborates with banks, of course, and that’s why it is supervised with the Financial Security Authority, the Financial Intelligence Analysis Unit, and the Central Bank of Malta.
Throughout the years…
…it has managed to partner with banks from over 18 countries across the world, mainly European countries. With the aim to struck partnerships with as many banks and financial institutions as possible, it managed to create a huge network of collaborators. But, then, it needed to partner with as many merchants and e-commerce platforms in order to provide its users with as many choices as possible for making online transactions.
Therefore, in several years, the company managed to confirm its brand name, by catering to a whole client pool and establishing market dominance.
Entercash…
…is, therefore, the bridge between users and merchants, with the aid of the financial institutions. In short, it acts as an intermediary between a bank account held by the user, and the online e-commerce provider. As such, it allows both purchasing and refunds for unsatisfied customers.
And being the two-way street for online transactions, it is the perfect solution for online casinos players, wishing to get safe and fast transactions, without directly involving their banks.
Speaking of that…
… the transactions with this solution are instant. Once confirmed, the bank is alerted and processes the transaction in the blink of an eye. This is what usually attracts online casino players: the ease and speed with which they can make deposits, and start playing their favourite games.
The simplicity of using it…
… plays another important role. All it takes for starting the actual process is opening a bank account with one of the many partner banks. You don’t need to create a special Entercash account at its platform, but you do need to check whether your bank offers its background transfer channel services.
Once you do that, go to its platform and choose the bank account where the funds intended for your specific transaction are. Authorize the transaction, and confirm it. In real-time, the merchant or the online casino is informed of the incoming funds, and the money is deducted from your bank account. All of this happens within seconds, and that’s why deposits with this method are instant.
The Benefits of Using Entercash in Online Casinos
It was just mentioned how Entercash has managed to attract as many online casino players as it has today, but it is worth highlighting these facts.
The fact that it is supervised by the Financial Security Authority makes it a legit and secure payment method. However, the fact that it implements some of the latest security measures, such as bulletproof SSL encryptions, adds an additional layer of protection.
Considering…
…it works with a real-time capability, transfers from and to your bank account via Entercash are instant. This is what makes players choose it over any other method, in addition to the high security.
The fact that the company covers 80% to 100% of the banks in the 18 countries, makes it easily accessible, too. Before choosing it as a payment method, though, make sure you visit its website to see all the countries and banks that have partnered with it, to ensure that you could also use it. But, players from Germany and the Scandinavian countries can rest assured that they would be able to use it. Players from Australia and the US, on the other hand, cannot use it, unfortunately, and that’s the only downside of this method.
And then…
…what makes this payment solution quite unique, is that it offers a refund policy. Therefore, as long as this is part of the Terms and Conditions of the casino you choose, you can also make withdrawals with Entercash. Needless to say, you have to double-check this with your casino, to make sure that withdrawals are possible with the solution before you decide to use it.
Moreover…
…among the advantages of using this payment method, we can also mention that, as it works with banks and financial institutions, it provides users the freedom of choice when it comes to currency options and conversion. Not only that, but no fees apply for this exchange! This is something that online casino players appreciate greatly, considering most of the other payment methods usually come with fees.
Finally…
…the best part for online casino players: anonymity. When using this solution for playing at online casinos, you are completely anonymous. When you make an online casino transaction, it is displayed on your bank statement only as Entercash Ltd, and no explanation will be present as to whether the money was spent at an online casino or not. That information is classified, and no one can actually know where you spent the money. Awesome, right?
Depositing & Withdrawing with Entercash
Provided you liked what you read about Entercash so far, and you’d like to start using it as your payment method across online casinos, you would first need to check whether this solution is available in your country. It should be if you’re from Europe. At least one bank in your country will probably offer its services. And provided you’ve found it, you need to open an account with that bank. You can fund that account by transferring funds from another account, by depositing in cash or in any other way that it works for you.
Step one…
…when choosing to use this payment solution for online gambling is, naturally, finding an online casino that accepts it as a payment method. This should not take long, considering more and more casinos are starting to add it on their lists, and over 60 casinos are already offering it. Keep in mind that not all online casinos are great options for you. Before you do choose the one that offers this payment method, make sure it is a reputable portal.
The second thing…
…you need to do, once you’ve found the casino you like and you can trust, is create an account with that casino. Or, if you were already a registered member of a casino that accepts it as a payment option, simply log in. Go to the casino’s Cashier/Banking/Deposit section, and find its logo. Click on it, and a window will open.
This is when…
…you’ll get the list of banks and financial institutions that have partnered with Entercash, and this is when you need to choose your bank where you’ve opened an account. You will be redirected to the bank’s platform, and this is when the online banking process will be initiated.
A new window will open, where you’ll need to log in to your bank’s platform with the PIN and username you selected when you opened your account. Set up the transaction, by making sure you enter the exact money you want to deposit at the casino and confirm it. Then, in mere seconds, you will see that the money will be on your account.
When it comes to withdrawing…
…you should know right away that you may not be able to withdraw with this method. It all depends on your casino and the deal they’ve made with the service regarding withdrawals.
Most online casinos that accept it for deposits do so for withdrawals, too, but you need to check to be sure. One way to do so is to read the Terms and Conditions of the casino. Or, go to the Cashier/Banking page, and check for limits. Or, you can always contact the Customer Support directly, and that way, you’ll receive the most proper information.
Whether it will be allowed for withdrawals it depends entirely on the agreement between the casino and the service. Entercash itself offers the refund functionality, so in essence, it should process withdrawals with ease.
Provided you are allowed to make withdrawals with it, you would have to repeat the same process. Only this time, it would probably take some time for the casino to process your request. It would have to check whether you have the funds you’re requesting to withdraw from your casino account, and then confirm the transaction. This should not take as long as you would assume, but longer than with deposits.
The procedure…
… is similar. Go to the Cashier/Banking/Withdrawal section, choose Entercash, and follow the instructions. You would have to enter the amount you want to withdraw, confirm your request, and wait for the casino and the bank to process it. It should be on your bank account in seconds after it was approved by the casino.
All Casinos Accepting Entercash
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FAQ
This rarely happens, if you’re playing at a well-respected online casino. However, just to be sure, make sure you check the casino’s Terms and Conditions and rules for depositing and withdrawing. If some fees apply, they will be explained there. On Entercash’s part, no fees are charged, regardless of the casino or the purpose of your transaction.
Not exactly. It is an intermediary channel, so it works in a similar way to eWallets, but you don’t actually need to create an account, a wallet, where you’ll keep the money. No, the emphasis is on the word “channel”. This service only channels the money from your bank account to the online casino or other merchants that offer online services and goods. Therefore, you don’t need to create any accounts to keep your money there, because the money will be on your bank account at all times, safe and secure.
The beauty of this payment method is that you can get help from two different sides. On one side, you have Entercash’s Customer Support agents who will gladly help you out with any of your questions. On the other side, you have the Customer Support service at your respected casino. They are both usually contactable via phone and Live Chat, or at least an email, so you should get a response in a timely manner.
Minimum and maximum amounts can depend both on your country of residence, ergo, your bank’s policy, and the casino’s policy. Some banks and casinos implement limits as to how much a customer can cash out and fund their accounts with, mainly due to security reasons. Before you choose this method as your payment method at an online casino, make sure you check it for limits.
Of course, as long as the casino you’ve chosen is compatible with mobile devices. But, since the majority of online casinos today are not only optimized for mobile gambling but also offer dedicated apps for players to download, you should expect no problems at all.
As a matter of fact, you might find some. Many new casinos or casinos that have just started offering it as a payment method create offers that would attract players and convince them to use the method for their online casino gambling. These offers would be rare, but they do exist, so be alerted when looking for a casino to join.
