As the online casino community evolves into more sophisticated products, there is a huge demand for alternative payment solutions. There are many online fintech companies that provide a buffer between your banking details/personal info and the online casinos. EnterCash joined the e-banking industry in 2011, directly connecting merchants with clients, creating a seamless wire transfer from an online banking account. It has introduced a lot of innovative products for online merchants, especially for the online gambling and gaming community. This makes EnterCash one of the widely accepted payment gateways in most online casinos.
It was founded by Jonas Sundvall, who is one of the pioneering figures in the establishment of digital payments in Europe. He has previously worked for many big tech organizations, like Nordnet (formerly Aktiedirekt), HQ Fondkommission, Bozoka, Redbet Holding AB, etc. EnterCash is his third successful venture, which is managed by a team of expert industry veterans. EnterCash is very focused on the online gambling community and has recently become a part of gaming Super Show and Gamescom, which is the cultural center of online gaming platforms in Europe. We expect EnterCash to expand beyond Europe and become a global payment gateway in a decade or so.
The EnterCash family today consists of 100+ million users, spread out across 18+ countries of Europe. EnterCash accepts payments in all European currencies. The company also provides payment initiation services (PSD2) along with traditional bank transfer routes. In the process, it eliminates the need for any third-party service provider. It is widely accepted across all online platforms, from gaming sites to popular e-commerce websites. The company also plans to launch a retail chain payment network, through QR codes. It will add a lot of flexibility as you can make payments everywhere through a single platform.
EnterCash is one such payment gateway, which uses internet banking, to process payments on your behalf. EnterCash is based in Malta and adheres to the strict e-banking regulations of Europe. It is fully-compliant and has all necessary licenses and documents. EnterCash Ltd reports to the Central Bank and the Financial Intelligence Analysis Unit of Malta and is also supervised by the Maltese FSA, which acts as a financial intelligence analysis unit of Malta.
20 New Online Casinos Accepting Entercash
Using EnterCash at New Casinos
Before using EnterCash as your payment partner in online casinos, you need to make sure about two things. First is the whether your online casino accepts payments through EnterCash and secondly if your bank is linked with EnterCash. Currently, more than 4,300 European banks are connected to the EnterCash platform and almost all Scandinavian financial institutions are already linked with it. EnterCash is also connected with various partners in the online payment community like Every Matrix Solutions, Dev Code, Pay On, Pay Vision, etc.
Once you confirmed the two things, you can proceed to the online casino’s “cashier” page and select Deposit funds. You will be given a list of payment gateways, which will include card transfer, bank transfer, e-wallets, etc. You will find EnterCash under e-banking solution/bank payment. EnterCash has a blue logo, which you make it easier for you to find it. Enter the amount you want to deposit and any promo-code that might be applicable. You have to then click on “Proceed/Make Payment”, which will take you to a secure EnterCash server. Here, you will have to select your bank and then enter your banking details. Don’t hesitate about sharing your details because EnterCash is partnered with your bank and doesn’t share your personal information with any third-party organization.
You will now be directed to the bank’s main page, where you need to log in with your bank ID and password. Once you log in, your will need to validate your payment details. You won’t need to manually fill out the amount, merchant name, etc. as those are automatically inputted into the order sheet. You have to simply validate this payment and you will be transferred back to the online casino. Some banks may not require a login, and validations can be done through SMS, OTPs, pre-set passwords, etc. The banking procedure will be the same as your bank. Once the validation is done, you will be redirected to the online casino, where you will see your fresh funds. EnterCash sends an e-mail confirming the payment and it will also contain the transaction details. Payments are instantaneous in EnterCash. If for some reason, the payment fails, you will be notified about that too, through an email.
Deposits made through EnterCash doesn’t cost extra money, since EnterCash charges in bulk from online casinos. As an end user, you won’t have to pay a dime extra for using their services in online casinos. You can, however, be charged by your online casino, which will be mentioned in the cashier’s page, along with the service charges.
The main advantage of using EnterCash is its ease-of-use. When you select EnterCash as your payment gateway, you will have to follow the standard online banking procedure as your own bank. EnterCash will straightway take you to your bank, which you should be familiar with. This gives you the freedom to work on your own turf and can be easily navigable. Moreover, as transactions are processed through the user’s main bank, this offers extra layers of security, which makes it impossible to be hacked. EnterCash is also a good option for people without cards. The transactions are instantaneous unlike other banking services, wire transfers, etc., which sometimes take up to 6-7 days.
The main disadvantage of EnterCash is the absence of wallets. This lack of digital wallet facility makes EnterCash a one-way payment system. Withdrawals can’t be made through EnterCash but for some reason, if your deposit is rejected, you will be given a refund back into your bank account.
|Company Name: EnterCash LTD
Slogan: Safe, Instant, Rewarding
E-mail: [email protected]
Supervised by: Maltese FSA
Transaction Time: Instant
Min Transaction: 5-10 $/£/€
Deposit Fee: 0 $/£/€
Address: 54 Sliema road, GZIRA, GZR 1637,Malta
Phone Number: –
Company Number: +358405632175
Security: Uses your bank's security
Max Transaction: –
Withdrawal Fee: 0 $/£/€