Entercash is a Malta-registered fintech company founded in 2011 and operating as a payment mediator between a user and a service provider. The company’s network expands across 18 countries, covering more than 4,000 banks and servicing 100 million clients who need a simple, reliable payment method.
Entercash can be used across different markets, including travel, e-commerce, digital goods and iGaming, enabling the users to conduct all their online payments from a single account.
Casino Bloke has compiled a list of online casinos that accept Entercash and outlined the most important features of this payment method. Read on to find out all about the pros and cons of the service and its security guidelines.
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Entercash might not be as popular as other banking methods when it comes to casinos online but this service has seen an increase in a number of operators as of late. Entercash casinos online cater to players across the European continent and the company aims to take its services to the global gaming market soon.
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Entercash acts as a bridge that connects the user and his personal bank account with the merchant. To submit your payment using Entercash, the consumer will not be required to complete any registration processes or involve a third-party service.
Everything is handled in a quick and painless manner, directly from your bank account.
To submit your deposit using Entercash, one needs to perform the following steps:
This will complete the procedure and record the transaction on your bank statement, enabling you to keep track of all payments submitted by means of Entercash. At the moment, thousands of vendors include Entercash as a payment option and every new market has at least 80% coverage, which means that a majority of banks within a certain territory support the method.
The company’s objective is to reach the full 100% per market, building and maintaining a close business relationship with their partners. Entercash is currently available in Sweden, Romania, Finland, Austria, Germany, the Netherlands, Czech Republic, Greece, Estonia, Lithuania, Latvia, Slovakia, Italy and Belgium. Launching Entercash in Serbia, Croatia, Spain and Bulgaria is in its final stage.
If Entercash is accepted by an online casino, you should be able to see the company’s logo at the bottom of the casino page, next to other available methods, or find the details about it under Terms & Conditions. To use Entercash for deposits, log into your casino account and go to your cashier. Selecting Entercash from the list or the drop-down menu will display all the supporting banks – the users will then need to locate their bank, which will immediately prompt them to sign into their online e-banking account. Multiple account holders will be able to choose which of the accounts will be used for funding the casino wallet. The transaction is then verified and confirmed, and you will be ready to start your wagering.
Including Entercash as a payment alternative will definitely contribute to the casino operator’s reputability, especially since the method is regulated by Financial Intelligence Analysis Unit of Malta, a government agency operating and established under Prevention of Money Laundering Act. There are no consumer transaction fees and the processing time is instant.
There is no information about any fees applied to Entercash transactions for the consumers, however, it is always a good idea to cross-check the regulations with your bank, making sure what the protocol is and if using the service will cost you any money. The service will, of course, come at the price for the merchants and online casino operators, but the rate will depend on the volume of transactions, sales level, number of deposits etc. Entercash will provide the quote in advance to all the interested parties.
If you have any questions or complaints, Entercash support team can be contacted via an online form. Before you submit your inquiry, you will have to select your location, input first and last name, email address, bank name, transaction date, amount, beneficiary, reference number, and other details that would help the Entercash team resolve your issue more efficiently. You can also use their direct email [email protected].
Easy access and instant transactions are the main advantages of Entercash, since it will allow you to quickly fund your casino cashier, from your desktop computer or on-the-go, using your phone or tablet. You will never again have to roam through your pockets and wallets in search for your payment cards and submit your sensitive data online. As a financial institution under the direct supervision of Maltese FSA (Financial Services Authority), Entercash meets all the security requirements a user could possibly have, including the encryption technology for safer payment processing.
At the moment, the weakest point of Entercash is its coverage – although it expands across 18 territories, there are still countries outside its reach. Even if the method is accepted within a certain territory, there are still no guarantees that your bank is one of the company’s partners and you could easily fall under the 20% of users whose banks do not have an agreement with Entercash. There is also a question of withdrawals – although the method does support the two-way funds flow, not all operators will actually provide Entercash as a payout alternative.
Entercash is an online payment service available to European bank account holders. Users are able to pay directly from their bank accounts without disclosing any sensitive financial information to the online casino operator.
No; the only thing you need is an internet banking account with one of the supported banks.
Log in to your casino account, go to the cashier section and select Entercash from the list of available deposit methods. Then select your bank and login to your online banking account as you normally would to verify the transfer. Entercash deposits are processed instantly so that funds will immediately become available to wager with.
Currently, only a handful of online casinos support Entercash for both deposits and withdrawals. Those that do may request that you submit documentation proving you are indeed the holder of your online banking account and the verification process usually takes 24 to 72 hours.
The payment service provider doesn’t charge any fees and neither do most gambling sites. Some charges might be incurred depending on the bank you’re using.
Yes and they vary depending on the country. For example, there’s a limit of €5,000 per transfer in Germany and Austria, residents of Finland, Latvia and Estonia have a transaction limit of €10,000, and players from Sweden can make online payments of up to SEK100,000.
Yes! You can make Entercash transfers via smartphones and tablets providing your bank supports online banking on mobile devices.
Entercash is supervised by the Maltese FSA and reports to the Central Bank and the Financial Intelligence Analysis Unit of Malta. The provider uses the highest security standards and encryption to make sure that financial transactions are always safe and secure.In addition to that, you can rely on the security measures implemented by your own bank.