Founded in 2011, Entercash is attractive to users for several reasons, mainly the fact that it may be used to conduct transactions safely and securely with the local bank of choice. The Malta-based company serves as a payment facilitator directly between your bank account and the merchant – and there are thousands of them throughout 18 countries, specifically the EU. It’s also unique in that the service is a combination of payment initiation and bank-provided methods. Unlike a lot of other payment options out there, this one mentions its uses for various purchases and the iGaming market.
How Does Entercash Work?
The company boasts secure payments without the need for credit cards or other third parties. It serves as a “real-time bridge” from the user’s account to the merchant.
With over 4,300 partner banks, customers may choose to make payments using their local financial institution. With that said, you’ll first need a bank account with one of the partner banks in order to make use of this service.
Casino’s accepting the payment solutions are listed below. When you’re ready to deposit, simply select Entercash, select your bank, enter your personal banking login details and complete your purchase or casino deposit. If you’re not set up for online banking or you do not know your PIN, if required, you will not be able to complete the transaction. In essence, they make it possible for you to transfer money from your bank account without using a credit/debit card or wire.
Pros and Cons
Entercash is a financial institution holding a Payment Institution License. Refunds may be processed directly to your bank account. A plus for merchants – chargebacks may not be processed in most situations. Transactions are processed in real-time, meaning the transfers are instant.
This solution is geared for the European market, so it’s not open for online purchases on a worldwide scale.
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