If you like to gamble online and own a European bank account, you will be happy to know that there are many Entercash casino sites available. This company works in more than 18 countries and is integrated with more than 4,300 banks throughout Europe. Catering to players who don’t have, or prefer not to use credit cards to pay services online, Entercash offers a simple way to transfer money on the internet. It works as an intermediary between your bank account and an online merchant – in this case an online casino, providing instant banking through their secure platform.
Due to it’s ease of use, this payment method is becoming more popular between casino players, specially the ones located in Finland, Sweden and Denmark. It is important to remark that Entercash is not an e-wallet, since you can use them to send payments but not to receive funds. Because of this, withdrawals are discarded and you will need to find an alternative method to cash out your casino earnings.
Founded in 2011 by Jonas Sundvall, Entercash eliminates the need for a third party service to complete online money transfers. Most of the major European banks are at your disposal, specifically the ones located in Scandinavian regions. In order to use their services, you need to have an account with one of the financial institutions listed and you will be able to send payments online directly through your home banking. Transactions are completed instantly in a secure, encrypted platform and your financial details remain safe. Basically, it works like paying any online service, similar to Euteller, GiroPay and iDEAL.
Entercash is as reliable as it can be, working under supervision of the Central Bank of Malta, compliant with the Anti Money Laundering acts and guidelines of the 3rd EU Directive, the FIAU in Malta and Forty FATF. As you can expect, only European licensed casinos will work with Entercash.
You can use Entercash services in Finland, Sweden, Denmark, Greece, Germany, Spain, Italy between other 11 European countries.
There are many advantages related to this method, specially when it comes to security and ease of use. Any person who owns a bank account and pays services using home banking know it. It’s really practical to be able to deposit directly from your bank account, without providing any card or other financial details. No risk of identity theft or fraud. This is obviously a big plus!
Another big advantage is that there are no fees, besides your regular banking costs. You will pay with funds you already have in your account, so no credits are allowed.
The first one that comes to mind is that this method can’t be used for withdrawals, because it really doesn’t work as an e-wallet, but more like electronic transfers or banking services.
Another disadvantage is the fact that you need to have a European bank account, located in one of the 18 countries where they are present, otherwise you may want to take a look at our special section with most popular casino banking methods.
First, you need to make sure that your chosen casino accepts Entercash deposits. The logo should be visible at the cashier of any Entercash casino. At the same time, you need to make sure that your bank account is connected to Entercash. After confirming the previous steps, you need to select the amount you want to deposit. The system will redirect you to the Entercash website, where you will select your bank, finishing the transaction at your home banking, completing the process in a couple of minutes.
It is important to remark that no financial information is transferred from Entercash to your online casino, so you can be sure this method is 100% safe.
As mentioned previously, your deposits are credited to your account immediately, while withdrawals are not available.
Entercash is a great solution for fast and easy deposits. The fact that this company is compliant with all EU regulation, provides another security layer: only reputable casinos will accept deposits using Entercash. Transactions are cheap, with no fees on the customer side besides the regular banking costs. In case you choose this method, you will be gambling only with funds you already own. No credit is allowed.
While other similar payment services are more focused on regional markets, such as Finland, Norway, etc. Entercash is present in more than 18 European countries. This makes them slightly more available than the rest.
Sadly, Entercash can be used only for deposits, but not for withdrawals. There are many players who prefer to keep all the gambling transactions in the same payment method. If that’s your case, this method is not suitable for you. Entercash doesn’t work as an e-wallet, therefore no funds are kept in your account. They work as an intermediary between your bank account and many online merchants.
In regards to Entercash casino sites, you will find many. Most reputable European brands accept Entercash deposits, so in case you are located there I would totally recommend this company as a great payment processor.