The Entropay payment solution is dedicated to online transactions This is one of the pioneers in the expansion of digital payments. This website offers users the possibility to make online payments to pay for services, online shops, but this system is also used on gaming websites such as online casinos. The main tool of Entropay is the virtual card.
The creation of the platform dates back to 2000. Ixaris then offers one of the first e-wallets. Internet users then discover a whole new way of payment to benefit from online services. Internet offers are growing and the payment service is making progress to adapt to the market context. In 2006, Ixaris decided to transform Entropay into an independent company. Its main role is to offer virtual payment solutions, mainly the virtual card.
This card works today like physical cards and offers the possibility to make online transactions. To benefit from the company's services, users must create an account, free of charge, on the platform. Once this step is completed, an online request allows obtaining the virtual card, which has the same functions as a debit card or a classic credit card. For this, the site provides the account holder with a card number and an expiration date.
Online casinos that accept Entropay:
As Entropay joined the network Visa , the card benefits from a number of features. However, it is nonetheless a prepaid card, which can only make payments up to the available amount. To recharge the card, simply fund it through a bank account. In this case, the account is linked to a bank account to be able to transfer funds to it. A credit or debit card can also be used to fund it. It should be noted that opening the account is free, but fees are applied to transactions made by the account holder.
How to Use Entropay at Online Casinos
The Entropay payment method has been present in the online payment market since the beginning of this system. Many websites offer this solution as one of the payment methods. Casinos are among them. On casinos, the company allows both deposits and withdrawals. In order to make a deposit with Entropay, the first step is to go to the casino's payment page. From the list, Entropay must be chosen as the payment method. The player is then redirected to a form to fill out to provide personal information as well as card information such as the number and expiration date.
He then enters the amount to be deposited and validates the transaction. Once the validation is complete, the deposit is instantaneous. The Entropay payment method also allows withdrawals of winnings. The funds are then stored in the account, as it is an electronic wallet and not just a payment gateway. However, unlike a deposit, the validation of a withdrawal may take a few business days, as this transaction depends not only on Entropay, but also on the casino.
The pros and cons of Entropay
As a pioneer in online payments, Entropay has solid experience in the field. With almost 20 years of existence, this longevity proves the reliability of the system. Furthermore, Entropay is regulated by the Financial Conduct Authority. Its affiliation with the Visa Europe network demonstrates its professionalism. Today, we talk more about payment gateways than e-wallets. In this case, the options are limited. This is the advantage of the company, as it is 100% an e-wallet and has various functionalities: those of a traditional physical card, the ability to make instant deposits and withdrawals. Funds available in the Entropay account can be transferred to a bank account.
However, every good service comes with a price and that is one of the major drawbacks of this solution. This solution incurs quite high fees, both for deposits (4.95%) and withdrawals (1.95%). The transfer fees to a bank account are 4.50 €.