Increasingly, online merchants and gambling sites have been looking for ways to capture purchases from customers who either don’t have credit cards or are unwilling to use them over the Internet. A number of companies have come up with alternative solutions for payments, many of which utilize Internet banking systems that users are already comfortable navigating.
One such program is known as EnterCash. This Maltese company has marketed itself to several European jurisdictions, and is looking to move into more. Their pitch is simple: both merchants and customers can benefit from instant and secure transactions, while users will be comforted by the fact that they’ll make payments through the same banking interface they use to pay bills. That’s a combination that has made this a popular deposit method for Internet casinos where it is available.
How to Use
In order to use EnterCash, you’ll need to have an account at a financial institution that works with their direct bank payment platform. This includes most of the major banks in their target markets, particularly in Scandinavian nations.
In order to make a deposit through this method, you’ll need to go to one of the many casinos that offer this option and find it in their cashier payments list. Once you find it, you’ll be asked to specify just how much you want to put into your casino account, and you’ll have to choose the bank from which you’ll be making your payment.
Once you’ve submitted your request, you’ll be transferred over to your bank’s website, where you need to log in and confirm all of the relevant information in order to complete the transaction. In some cases, you may also be asked to include a confirmation code or add other information manually in order to complete the request.
Once you’ve put in all of the information that has been requested, you can submit your payment. Assuming there are no issues, you should see your payment reflected in your casino balance within seconds, allowing you to play immediately.
EnterCash offers a number of advantages to players, starting with the fact that the transactions are processed through their own banks. This offers several layers of security that aren’t present with many deposits. For instance, you’ll never have to share any account numbers or other financial information with the casino itself or any other third-parties. This can be a big deal for users who are generally wary about online transactions.
In addition, players can rest assured that their deposits are being handled by trusted financial institutions that use the strictest security and encryption protocols. That means that there is no risk of identity theft or fraud to worry about: everything is handled exactly in the same manner as it would be if you were paying your bills online, something that most people are very familiar in comfortable with.
Finally, we like that these payments and handled very quickly. While electronic funds transfers often take a couple days to clear, anything paid through EnterCash will instantly be credited to the player’s account, making it just as fast as using a credit card.
Where is this Method Available?
Currently, this option is only available in selected European markets. This include Finland, Sweden, Denmark, and Greece – though you may be able to use this option if you hold an account at a financial institution in one of those countries. We also expect this option to expand to other nations in the region in the future.
Do I Have to Pay Any Fees to Use This Service?
No, there are no fees charged by EnterCash for making payments through their system, at least not on the user’s side. The only fees you could potentially pay are any that your own bank charges for bill payments, though most banks do not charge customers for this service.
What Are Some Similar Alternatives in Other Markets?
Many similar programs now exist around the world that work directly or indirectly with online banking systems to make deposits. Some examples include Citadel, which works in a wide variety of markets around the world, and POLi Payments, which is heavily used in both Australia and New Zealand.