Please note that Entropay is no longer accepted as a payment method.
A plentiful selection of payment methods is able to be utilized today in order to not only purchase goods and services online, but to be able to fund your online casino account as well. While credit and debit cards are more commonly known, various alternative payment methods have also been frequently used, including eWallets and prepaid vouchers. However, when it comes to the Entropay option, this falls under the virtual debit card sector. It utilizes the Visa network in order to provide users with its payment method and is also considered a prepaid card, as it needs to have funds uploaded to it before it can be used. With that being the case, players can use it at any location which accepts Visa payments.
The company was established back in the year of 2003 when the founders of Ixaris Systems Ltd. – a creator and operator of transaction-based financial services – identified the need for an electronic payment solution and one which would give anybody the ability to pay regardless of their location or accessibility to credit. Entropay would be introduced as a safe and convenient method of paying, and because of the connection to Visa, it is a widely accepted method of transferring money. Because it acts as a virtual Visa card as well, it is considered a much safer method of funding your online casino account than the standard Visa cards.
How Do I Use Entropay to Fund My Online Casino Account?
As mentioned, Entropay issues virtual Visa cards, which are issued by the Anglo-Maltese Bank of Valletta. The card itself is not an actual physical product though, as hinted by its virtual status. It is a prepaid debit card that has to be funded by another source, in much the same way that many eWallets have to be. In order to be in receipt of a virtual card of this nature, you will need to register your details on the company website. This requires you to input a few personal details, such as name, date of birth and email address, and then create a username and password with which to access the Entropay site in future. This allows you to log in at any time and add further funds to your virtual Visa.
Once you’ve signed up and created an account, you’ll need to enter the details of a credit or debit card. This will be where the funds for your prepaid card are taken from. The only alternative to funding your account with a personal card is to fund it via a bank transfer. This does provide some limitations, which differs from certain eWallets, which are able to be funded in numerous different ways. However, on the plus side, it does allow you to fund it only with how much you think you can afford and therefore offers up a fail-safe way of limiting your own spending habits.
After you’ve successfully created your Entropay account and added a funding source, you’ll be able to start funding your online casino account. This works exactly the same as funding the account with a standard credit or debit card, so, you simply need to log in to the casino and visit the cashier page. Select the Entropay option from the drop-down menu, and after this, you’ll be required to input the amount you’d like to deposit. Then, all the usual details of the card need to be entered – the card holder’s name, the virtual Visa card number, the expiry date of the card, and the 3-digit CVV2 code, which would normally be found on the back strip of a physical card. All of these details should be provided to you by Entropay themselves. Like the standard card payments, funds are transferred and deposited into your casino account instantly.
The Benefits of Using Entropay to Fund An Online Casino Account
Like all of the various different payment methods available, this one has its advantages and disadvantages. Of course, the fact that it’s an instant payment into your preferred casino, as well as providing such in an anonymous and safe way is its biggest appeal. Not only that but because it’s a prepaid debit card, it gives you full control of how much you’re spending. If you add €100 to the prepaid card, you know that you have exactly that amount to deposit, so there’s no risk of falling into an overdraft or credit debt that you’re unable to pay back.
Of course, like many accounts that require funding before the money can be used elsewhere, there’s a fee of 4.95% which is calculated in order to fund the virtual Visa by debit card, or 3.95% when it’s done via a personal bank account. Withdrawals will also come with a charge of 1.95%, should you opt to use this method to do so.