Entercash Casinos

Remote Casinos Accepting Entercash Payments

Entercash is a highly functional financial service that enables payments to online casino providers through direct bank transfers. Casino enthusiasts can make prompt, real-time payments from their bank accounts, thus eliminating the need for third-party payment processors.

Entercash is a Malta-based company, founded in 2011 by an expert in the establishment of online brokerage firms. It currently operates in several European countries but is on a mission to expand into additional jurisdictions.

The company presently operates a network that spans more than 4,300 banks in over 18 European countries. It boasts an impressive customer base of more than 100 million users, including many online casino players and sports bettors.

The beginning of 2019 saw Entercash’s acquisition by Trustly. The latter is an established fintech company that hails from Sweden and provides online banking solutions to customers in more than 29 European markets. No details regarding the purchase price were revealed when the deal was announced, but as of October 2018, shareholders’ yearly reports valued Entercash at SEK 340 million.

In essence, Entercash facilitates simple, convenient, and exceptionally secure payments between casino operators and their customers. It serves as a direct, real-time bridge between players and their banking institutions. Read on to learn how Entercash works and how to use it as a payment method at online casinos.

Pros and Cons of Entercash Casinos

Pros:

• Highly secure online transactions
• Properly regulated fintech company monitored by the MFSA
• Time-efficient payment solution
• No need to share sensitive information
• No transaction fees

Cons:

• Available in a limited number of markets
• Relatively few casinos support the method

How Entercash Works

Entercash is a direct online banking platform that connects players with their online casinos of choice without forcing them to reveal any sensitive credit card information. It works in the same manner as other internet banking processors, such as Euteller, Giropay, and Trustly.

Payments with Entercash are conducted in real time directly from the player’s personal bank account. Entercash simply acts as a mediator between the player and the banking institution at which they hold an account.

Consequently, one needs to open a consumer account with one of the banks within the Entercash network and sign up for its online banking services. The procedure is hassle-free, but you might need to visit the bank in person to open the account. There is no need to register a separate Entercash account, which makes paying with this solution all the more convenient.

The Entercash network boasts coverage of over 4,300 banks in 18 countries, with a focus primarily on the Nordic markets. The fintech company states on its official website that it launches its services in a new market only after it has succeeded in covering at least 80% of the banks in that country.

Some of the countries where Entercash is available include Finland, Norway, Sweden, Germany, the Czech Republic, Austria, the Netherlands, Lithuania, and Estonia. The banks that are part of the constantly expanding Entercash network naturally differ between countries. Some of the banking institutions within the Entercash network are Danske Bank, Handelsbanken, Alandsbanken, Swedbank, Skandiabanken, UniCredit Bank, and Raiffeisen Bank.

Depositing to Online Casinos

Entercash offers an interface with which most people who have used online banking are already familiar. When depositing at your chosen online casino, you are essentially using the interface of your bank. Entercash simply acts as a bridge that allows you to complete the transfer anonymously.

In order to deposit with this solution, you first need to visit one of the numerous online casinos that support Entercash as a payment option. You then locate the Entercash logo in the cashier menu and enter the amount you wish to transfer to your casino balance.

Most gambling sites require you to select the bank from which you are transferring the money. You can do so from a drop-down menu containing the supported financial institutions within the Entercash network. Then you submit your deposit request, and the casino’s cashier redirects you to the website of your bank, where you can access your online banking account with your existing log-in details.

You may have to select your preferred payment account. After confirming all relevant details to authorize the payment, you are good to go. Depending on the financial institution, you may be prompted to provide a confirmation code. Once you submit the payment, the funds are instantly added to your casino balance, enabling you to start playing immediately.

Withdrawing from Online Casinos

Some online casinos working with Entercash do not process withdrawals via this method. Others may support withdrawals but list them under the Bank Withdrawals tab in their cashiers. If supported, the withdrawal procedure with Entercash is identical to the process you follow when depositing with the method.

Moreover, when you attempt to cash out with this method, some casinos might require you to submit documentation as proof of payment. The purpose is to authenticate that you are indeed the holder of your online banking account, which prevents illicit practices like money laundering.

That being said, there are only a handful of gambling sites that support the method for both deposits and withdrawals. When available, withdrawals with Entercash are not as immediate as deposits. Each withdrawal request must undergo verification by the casino first. This usually takes between 24 and 72 hours, although the exact processing timeframe depends on the operator with which you are gambling.

Costs and Fees

The good thing about Entercash is that the payment system itself does not charge additional fees for processing players’ payments to and from online casinos. Most gambling sites using this banking solution also do not impose processing fees on players.

However, casino enthusiasts who use the method may incur extra charges imposed by the financial institutions where they hold accounts. Many of the associated banks do not charge their customers extra for using their online banking interface. Any charges you might incur would vary depending on the bank whose services you are using.

Entercash Currencies and Transaction Limits

Entercash caters to consumers from European countries, with a focus on key markets like Austria, Germany, Finland, Sweden, Lithuania, Estonia, Latvia, and the Czech Republic. Accordingly, when you use it for online payments, transactions are settled in your country’s local currency.

The deposit and withdrawal limits depend on the Entercash casino you are gambling with. The transaction limits imposed by Entercash itself vary between countries. For example, consumers from Germany and Austria must comply with a limit of €5,000 per transfer, while those based in Finland, Latvia, and Estonia have a higher transaction ceiling of €10,000. Swedes who use this internet banking portal can make online payments of up to SEK 100,000 (approximately €10,000).

Security

An increasing number of online casino players from Europe pick Entercash as their preferred payment method. This interest can be attributed to the exceptional levels of security the online banking platform offers. Entercash conforms to the highest standards of security in the financial industry and uses high-level SSL encryption to ensure payments through its platform are always safe.

In fact, the same can be said about most online casinos working with this method. The operators also encrypt all transactions to keep them secure and private. No banking information is ever disclosed, at least not when you are gambling at a reputable casino that operates under a valid license from a respected regulator.

Speaking of regulators, Entercash is also subject to supervision and regulation by Malta’s Financial Services Authority (MFSA) under the provisions of the Financial Institutions Act of 1994.

Another layer of safety is added by the fact that Entercash is merely a bridge between banks—yours and that of the online casino you play at. There is no need to disclose sensitive credit card information when you initiate a casino payment with Entercash. All details concerning the money transfer are kept safe between you and your bank.

Customer Support at Entercash

Casino players who have any queries, issues, or complaints regarding Entercash can address them by contacting the payment company’s support team. Regrettably, there is no way to reach them via live chat.

At the time of writing, the only means of communication between consumers and Entercash is email at contact@entercash.com, although there is also a contact form on the website. You need to input your name, email address, your bank’s name, the payment date, amount and reference number, and the name of the beneficiary, i.e., the online casino to which you have transferred the money. The Entercash support team will be able to handle your complaint or issue more promptly when they have the above-specified information.

Mobile Casino Banking with Entercash

Mobile gambling is a rapidly developing sector, so it makes sense for most players to pick a casino banking method that allows them to deposit and withdraw on their smartphones. Entercash is one such solution, as it is available on both desktop and mobile.

Some gambling operators that accept this method provide players with the option to install dedicated mobile applications, while others allow you to access their websites via in-browser apps. Either way, you must navigate to the mobile cashier of the casino, where you again select Entercash from the available payment options and are transferred to the mobile banking portal of your bank to confirm the payment details.

Advantages of Entercash

At this point, readers might have already noticed the benefits of using Entercash, but we shall summarize them anyway. The biggest attraction of Entercash has to do with the high levels of security it offers to online merchants (or casinos in this case) and their customers. This is a trusted, well-regulated financial platform that operates under the licensing and supervision of the Malta Financial Services Authority.

Additionally, Entercash offers a simplified, convenient, and highly reliable payment experience to its users. Many casino players already have experience with online banking and will not face any difficulties when initiating deposits or withdrawals with Entercash.

The method can be used by any casino player who holds an account with one of the banks within the Entercash network. The ability to make a casino deposit straight from your personal bank account is undoubtedly a big plus. Moreover, you can process your payments without the risk of identity theft or other fraud. Entercash enables you to conduct your payments with full anonymity – there is no need to share your transaction details with anyone but your bank.

Entercash is a very time-efficient solution for players eager to start betting. Deposits with the method are processed in real time, allowing you to start playing your favorite casino games for real money seconds after you confirm the transfer via your bank’s online banking platform.

This method is also easy on your budget since most online casinos do not impose additional charges on Entercash payments. It helps prevent excess spending, too. Practically, you are using funds you already have in your bank account and are not allowed to pay on credit. This is the perfect solution for casino players who do not own credit or debit cards or are unwilling to use them for this purpose.

Disadvantages of Entercash

As convenient and secure as Entercash is, the method is not without its faults. One major drawback is availability. This payment solution is available only to players with accounts at banks within the Entercash network. The bank needs to be based in one of the 18 countries where the method is available. This is likely to change in the near future since Entercash is constantly expanding to new markets and banks.

Availability across gambling sites may prove to be yet another issue. Entercash is not as widely available as popular banking methods like Skrill, Neteller, or Visa, but we expect more online casinos to add it to their cashiers as the company expands into other European markets.

The method processes transactions in only three currencies. Players’ payments are settled in their local currencies, which may cause them to incur extra costs for currency conversion if they are gambling at online casinos that do not work with the said currency.

And finally, the Entercash platform allows for a two-way flow of money, but unfortunately, not all online casinos that accept the method for deposits support it for withdrawals. Some players who deposit with Entercash may end up looking for an alternative solution to cash out their winnings.