Entropay review: What is Entropay?
Entropay is an innovative money transfer service that allows users to create and fund virtual credit cards (VCC). Although the term VCC is utilized, the cards act more like a Pre-Paid debit card, insofar that users can only spend the balance contained on the card. Backed by Ixaris Systems, Entropay VCCs are a safe and secure way to purchase goods and services on the internet, without having to expose your debit/credit card details to the merchant.
Moreover, as Entropay allow their users to create multiple cards, users can essentially use one card per transaction, which acts as an additional safeguard against cyber-security concerns.
In our Entropay review, we are going to explore how the service works, and how it relates to the online casino space.
Entropay review: How does Entropay work?
Entropay, who are headquartered in the E.U nation of Malta, have a formidable partnership with leading Maltese financial institution – The Bank of Valletta. Moreover, our Entropay review discovered that each and every card is backed by Visa, meaning that you can use the virtual card at any online merchant that accepts Visa.
During our Entropay review, which went through the end-to-end deposit and withdrawal process at Entropay casinos, we were initially required to create an account. Next, in order to begin funding our account, we then had to provide Entropay with some documentation, which included our passport and proof of address.
In the next part of our Entropay review, we were able to fund our account with a debit or credit card, as well as via direct bank transfer. Entropay charge users a 4.95% fee to upload funds, which is based on the total amount you want to deposit.
Once this went through, we were then able to create a VCC. As the name suggests, a VCC is virtual, meaning that you can only spend it online. This makes it perfect for Entropay casinos.
Every time you create a new VCC, our Entropay review found that you are supplied with a unique 16 digit card number, expiry date and CVV, which is the 3 digits that you would normally find on the back of your debit or credit card. These are the only details that you need to begin playing at Entropay casinos.
It is important to note that you cannot exceed the balance of the card when using Entropay casinos. Although the term VCC (Virtual Credit Card) is used, they are merely intangible Pre-Paid debit cards.
So now that you know what the service actually does, in the next part of our Entropay review we are going to look at how you deposit and withdraw funds at Entropay casinos.
How do I deposit with Entropay casinos?
Entropay casinos will require you to open an account as you normally would with any other online operator, and as such, you will need to provide some basic personal information. This will include your name, address, nationality and date of birth. Make sure that your details match the information you supplied to Entropay when you signed up.
Once your account is open, you then need to head over to the deposit page that can be found within your account. Now, although our Entropay review found that a VCC is in fact a Pre-Paid card, Entropay casinos will most commonly have a separate deposit option for Entropay. In other words, if you attempt to deposit with your Entropay CVV via the usual debit/credit card option, the transaction will most likely be rejected by the operator.
The great news is that not only are Entropay deposits instant, but they are usually free too. Just make sure that you have enough funds on your card to cover the transaction, as our Entropay review found that you cannot spend more than is on the actual card.
So now that our Entropay review has covered the deposit process, we are now going to explore the withdrawal procedure at Entropay casinos.
How do I withdraw via Entropay casinos?
If you used Entropay to deposit funds, then Entropay casinos will require you to withdraw back to your Entropay account – at least to the value of your deposit. The process is very straightforward. You simply need to select how much you want to take out, and then wait for the casino to process the withdrawal request.
Our Entropay review discovered that because VCC cards act much in the same way as a conventional Visa card, you are still at the helm of the financial institution backing it. As a result, you will most likely need to wait 3-5 days before the funds arrive in your Entropay account. Once they do, you have the option of withdrawing the funds back to your registered bank account.
Before moving on to the final stage of our Entropay review, let’s recap on the pros and cons of using Entropay casinos.
Entropay casinos Pros and Cons
- Ultra-secure way of funding your online casino accounts
- In most cases, Entropay is eligible for welcome bonuses
- Instant deposits
- Once funds arrive back in your Entropay account, can withdraw back to a UK bank
- Entropay charge 4.95% to deposit funds
- Withdrawals are slow. You have to wait 3-5 days for funds to arrive back in Entropay account, followed by a further delay to withdraw to UK bank
Best Entropay casinos promotions and offers
So now that we’ve covered the ins and outs of using Entropay casinos, in the final part of our Entropay review we are going to look at some notable signup bonuses being offered by Entropay casinos.
Notable Entropay casinos: Paddy Power
The first from our list of notable Entropay casinos is that of Paddy Power, who are one of the largest UK high street bookmakers and now, online casinos. They have a significantly extensive range of table games, live dealers, slots and more – as well as well a sports betting facility. Along with a full list of other payment methods, Paddy Power allow users to deposit and withdraw funds using Entropay.
If you are new to Entropay casinos such as Paddy Power, then you can get yourself a ‘Bet £10, Get £50’ bonus package. This also includes 30 free slot spins. You will need to wager the bonus 50x.
Notable Entropay casinos: Bethard
A further addition to our list of recommended Entropay casinos is that of Bethard. Launched in 2014, Bethard are a hybrid-casino platform offering both sports betting and casino products, such as live dealers, traditional table games and slots. They currently hold a range of gaming licenses from various jurisdictions, including that of the UK Gambling Commission. Bethard have a slightly different welcome offer to that of their competitors, insofar that they offer a £5 cashback for every £100 you stake. The bonus can be claimed up to 10 times within the 7 day time limit. Along with other payment methods, Bethard support Entropay.