Entropay is a prepaid virtual debit card that falls in between an e-wallet and a debit card. Ixaris Systems launched the service in 2003 with the goal of democratizing online payments and eliminating the red tape associated with credit requirements and regional constraints.
Virtual cards and e-wallets are very useful for gamblers who want to deposit and withdraw money from online casinos since it allows them to separate their online casino money from their personal bank accounts. This serves as a sort of buffer zone that also helps online casino players keep track of their spending. Another advantage is that it protects the player's principal debit card, credit card, and bank account information.
Entropay allows you to quickly and easily make virtual credit cards for various purposes. Each card you make functions similarly to a prepaid VISA debit card, but you may create and erase them whenever you want to safeguard your funds and avoid online fraud and identity theft. If there is a security breach, the situation is easily contained.
Customers are not required to sign contracts and there are no credit checks. The virtual card will be accepted anywhere VISA debit cards are accepted.
The Financial Conduct Authority regulates Entropay, and all Entropay Visa cards are issued by the Bank of Valletta, formerly known as the National Bank of Malta, and are subject to a VISA Europe license. Entropay cards are as safe and secure as bank accounts and debit cards, and they may be purchased in GBP, EUR, or USD.
Although the firm claims that you won't have to worry about bank fees, interest rates, penalties, or late fees, there are a few small snags when using your debit card or bank account to load money onto an Entropay card. In many cases, there will be hidden costs while making these transfers. Furthermore, casinos may impose a modest fee of 1-2 percent for using an Entropay card to make online payments and withdrawals.
If you haven't already joined Entropay, making your first casino deposit will feel similar to using an e-wallet. There will be an Entropay deposit icon when you register with a new casino that takes Entropay and it's time to make a deposit. You'll be transported to the website to register and fund a virtual card after you click it. This card may then be used to make a casino deposit without having to provide any personal financial information.
You'll be able to make deposits and withdrawals significantly faster once you've set up an Entropay account. The minimum and maximum limits vary per casino, therefore we recommend that you double-check the Banking or Cashier pages of an online casino to be sure. Here you'll find a list of casinos that accept Entropay as a form of payment.