With one of their virtual Visas, you can make payments on the internet, from shops to travel websites to online casinos, basically anywhere that accepts Visa.
What are the advantages of EntroPay?
We thought we’d list some of EntroPay’s most interesting advantages for you. So, in no particular order, here are some of the pros of using Entropay.
One of the great things about EntroPay’s virtual Visas is that your transfers will take less than thirty seconds to arrive at their destined account.
Compared to the usual SEPA bank transfers (around 24h) or other apps like PayPal (sometimes up to a couple of minutes), this can be pretty sweet.
As of today, you can use these virtual Visas to make payments in in USD, EUR or GBP in any online shop that accepts Visa.
It’s also possible to use EntroPay’s Digital Currency Converter to convert your money into 14 different currencies.
And last but not least, as long as you and another EntroPay user are using the same currency, any money transfers between you are free of charge.
Regulated and Encrypted
Seeing as EntroPay are owned by an England-based company (Ixaris Systems), they are licensed by the UK Financial Conduct Authority (FCA).
They also have a high encryption level and PCI compliance that is the same as what is required for regular banks. Along with their secure data management system, this makes them a particularly safe company to trust your money with.
Virtual Visa system
EntroPay is already very popular. The service is available in over 120 countries and is currently in use by 3 million people. Thus far, the Anglo-Maltese Bank of Valletta has produced 8,8 million virtual Visa cards for EntroPay users.
EntroPay’s virtual Visas are reloadable and disposable. Thanks to their virtual nature, it’s particularly simple to delete any card you wish instantly if you notice fraudulent activity on your account.
Accessibility: credit vs. debit cards
As we’ve mentioned, the virtual Visas act like debit cards. This means that you’ll have to fund them yourself, either from another debit/credit card or your bank account.
There is no kind of overdraft on your EntroPay account – the only accessible funds are what you put on your cards yourself. That way, no debts are created.
You can also set limits on your individual cards to regulate your spending.
“Deposit, Pay & Play”: Using Entropay at Online Casinos
EntroPay seem to treasure their gambling users. They are partnered with gambling sites, and explain on their site that with the Entropay virtual Visa, it’s possible to:
- Instantly add funds to your virtual Visa
- Instantly deposit to gambling sites in USD, EUR and GBP
- Instantly withdraw gambling payouts to your Entropay account
All of which in a perfectly safe and secure manner.
Indeed, using EntroPay to make deposits on your casino account is the same as using any old debit card. Simply choose EntroPay when prompted for payment options and fill out the form with your virtual Visa details and desired deposit amount. The funds will then be transferred from your Visa to your casino account.
To withdraw, simply take the same steps you would to withdraw money to a regular bank account, but choose EntroPay as your withdrawal method.
Deposit and Withdrawal Fees
The fees do not figure on their front page or anywhere particularly obvious on their site, so we thought we would inform you clearly of what to expect when using Entropay. This fees are not specific to your casino account, but to your EntroPay account.
When using EntroPay, you will have to pay:
· A 4.95% fee when depositing funds onto your Virtual Visa by a debit or credit card
· A 3.95% free when depositing funds onto your EntroPay account with a personal bank account
- A 1.95% fee for withdrawals from your EntroPay account