What is Entercash?
Entercash is a European payment solution that bridges the gap between your online merchant and your bank via a digital gateway that allows for super secure, high-speed funds transfers and deposits to take place. All transfers are made directly between your bank and the casino, without a third-party hindrance.
Not only can deposits be made, but refunds can be administered, should the need arise, without the need of registering accounts or profiles that attract unnecessary membership fees and constraints.
Who is Entercash?
Entercash is a young FinTech company, based in Malta but operating in many countries. Since being licensed as a Financial Institution in 2011, Entercash has spread rapidly throughout Europe, capturing the hearts of many gamblers that aspire to make real-time deposits at one of the EU online casinos to avert delays between funds transfers and playtime.
Now Entercash is acquired by NxtGenPay Intressenter Bidco AB, also the owner of Trustly.
How does it work?
Making use of the service does not require you to pre-register. All you need to qualify is to be over the age of 18 and hold a valid banking account with one of 3,500 supported banks. Should you want to process a deposit at an Entercash Casino, you can just follow the following easy steps.
- Sign in to your online casino.
- Head to the Cashier Page and select to make a deposit.
- Select Entercash as your chosen payment method.
- Select the amount you wish to pay.
- Select your bank from the dropdown menu.
- You will now be re-directed to your personal online banking where you must log in with your banking credentials.
- Select your preferred account from which to make payment.
- Confirm the Payment
- The casino will receive confirmation of payment within seconds.
- You can now play with real funds at the casino.
1. Extra Layer of Protection
The payment gateway offered by Entercash shields your banking information form the online casino so that some of your sensitive details can remain anonymous. The transaction itself is carried out by your bank, so highly encrypted bank security measures protect your data from outsiders.
2. Real-Time Deposits
Entercash allows for transfers in Real-Time, meaning that deposits are made into the casino bank account instantly so that there is no delay between payment and entertainment.
3. No Account Registration
Because Entercash merely facilitates the bridging of your account and the casino account, it is not, in essence, a third-party payment solution, which means that you need not to register a pesky account that attracts unwanted account fees.
4. Allows Refunds
Unlike many Instant Banking Gateways, Entercash makes allowance for Casinos to refund customers, should they need to do so, for whatever reason. Now, this must not be confused with a withdrawal; as it is purely a resource in place as a corrective measure for online merchants.
Downside of Entercash
1. Limited Coverage
Unfortunately, Entercash is only available to certain European banks from a handful of countries. This means that if you do not hold an account with any of the banks that support this payment gateway, then you will have to search for another online payment solution to use at your favourite online casino.
2. No Withdrawal Mechanism
Entercash is a ‘deposit only’ solution and cannot facilitate withdrawals from online casinos. This means that gamblers will have to make use of other payment solutions to receive payouts of their winnings.
What do you need to know about:
The primary limits on the amount that can be transferred are usually influenced by either your banking transfer limits or the casino's deposit limits on your account. Be sure to educate yourself on both to avoid disappointment and frustration in the future.
Using the Entercash service is free on the consumer end. The casino will be charged for transactions alone. Banks are at liberty to charge you for using this service, but most supported banks do not charge extra, at all.
Entercash is available in 18 countries and incorporates a partnership with over 4,300 banks and supports over 100 million merchants (among which is a long list of online casinos).
Entercash is proving itself to be a very reputable banking method and has become a favourite among online casinos. Should you not know where to find an Entercash Online Casino, look no further than this list of online casinos accepting the service provider.
CasinoWow has vetted these casinos for service excellence and game selection and guarantees you that they offer a gambling experience akin to the best in the world. So, choose a casino and get going within minutes as you make a fast and efficient deposit to the casino via Entercash.