New EnterCash Casinos
Entercash LTD is a financial payment service run out of Malta. They are a direct payment platform; meaning that the service allows you to make payments directly from your bank to the merchant or, in this case, the online casino. With Entercash, you don’t need to give the casino any of your sensitive banking information, and you avoid the hefty fees that come with depositing from your card. The service boasts instant transfers for both deposits and withdrawals.
Their service is supported in 10 countries, with 4,000 banks, giving them a potential clientele of over 100 million customers. We are reviewing this payment service because more and more online casinos are starting to include Entercash as a payment option for deposits and withdrawals. It is a sensible payment method for online casinos, and a lot of players feel comfortable using it because rather than making them sign up to anything, and create another account, you can use it through you existing online banking.
|Company Name: EnterCash LTD
Company Name in the UK: –
Slogan: Safe, Instant, Rewarding
Supervised by: Maltese FSA and reports to the Central Bank and the Financial Intelligence Analysis Unit of Malta
Transaction Time: Instant
Min Transaction: Set by the casino
Deposit Fee: 0 GBP
Established in the UK: –
Address: 54 Sliema road, GZIRA, GZR 1637,Malta
Phone Number: –
Company Number: +358405632175
Security: Uses your bank's security
Max Transaction: Set by your bank
Withdrawal Fee: 0 GBP
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Main Markets and Currencies
Entercash is only supported by European banks. The ten countries that you can use it in are, Finland, Sweden, Norway, Denmark, Czech Republic, Greece, Germany, Slovakia, Slovenia, Hungary, Bulgaria, Italy and Spain. The support offered in each of these countries varies. For example, in Finland all of Entercash’s payment services are supported; while in Norway, you can only make payments using SEPA. You will need to go to their website or inquire this in online casino to find out what is, and what is not, supported in your region.
Areas of use
Entercash is primarily used to process e-commerce transactions. It has a customer to merchant approach and requires an established merchant all set up and ready to go. This makes it impractical to use for P2P and B2B transactions. This payment service is used in Europe. You need to live or have a bank account in one of ten European countries supported to use it. Even the merchants/online casinos need to be in one of the listed European countries to open a merchant account with this service. This is unusual. It is common to only accept customers from a certain region, but most payment services will take merchants from all over. This obviously limits the selection of online casinos that you can use this payment service with.
How it works
EnterCash is able to process transactions directly from your bank account to the merchant’s. It does this without any downloads, and you don’t need to create a new account. Entercash has arrangements with all the banks that it supports, and when it receives payment confirmation from your internet banking, it honors that transaction and deposits the money with the online casino. This process would take days with a bank transfer. Entercash simplifies online payments and it lets you conduct them within the security and familiarity of your own online bank.
How to make a deposit?
When making a deposit with Entercash the first thing you need to do is go to the deposit section of your online casino and select it from the available payment methods. A pop up with ask you what bank your account is with and how much you want to deposit. Once you have told it you are redirected via a web portal to your internet banking. You log in with your regular credentials. Entercash will have brought the information about the online casino with it, so all you need to do is confirm the transaction and the money should arrive instantly. Entercash won’t charge any fees.
How to make a withdrawal?
You make a withdrawal in almost exactly the same manner as you make a deposit. Go to the withdrawal section of the online casino. It should already know what bank you are with if you use Entercash to make your deposit. All you have to tell the casino is the amount that you want to withdraw, and then the pop up with load. Enter your internet banking details, press confirm, and the money should be available in your bank account instantly. There are no fees for withdrawing money from most new online casinos with Entercash.
– Entercash allows you to instantly send money to and from your bank account. This is the best you can really ask for. All you have to do is enter your username and password, and you can be spending your money on the online casino within minutes.
– You have the security of a wire transfer with the convenience of a credit card. Rather than give up your credit card details to an online casino, you allow a trusted payment service temporary encrypted access to your internet banking.
– You don’t need to create an account or use a third party payment service. Entercash is sympathetic to your password fatigue, and it won’t make you remember another username password combination.
– The service is only available in 10 countries.
– There are no other disadvantage to this service. It is one of the better ones out there.