Entropay was the first European virtual prepaid card option. It provided the basic functions of a debitcard with the top-level control and privacy of an electronic wallet, making it one the most widely used methods. These features are especially relevant to online gamblers, who require control and security for online payments and play . Entropay has been discontinued as a payment option since July 2019.
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Entropay was used by many players for several reasons. Entropay offers players a greater level of security than credit and debit cards. Entropay allowed players to disconnect their bank accounts from the casino they were playing at.
This information was not required to be provided to the casino. Players were able to reduce their chances of being victims of online fraud.
This information was not provided to anyone, which had the additional benefit of protecting personal information and spending habits. These virtual debit cards could only be used once. After the card was created and used, it was immediately thrown away.
This allowed players to only use each card once and create a new one. Again, this greatly reduced the chance of fraud or unwelcome renewals of subscriptions.
It was easy to use. The deposit and withdrawal processes are almost identical to those of debit or credit cards. It was almost the same thing at the end of it all! It was easy to create an Entropay account.
Most new casinos offered the Entropay payment option. It was easy to use later too.
Entropay is one of the most secure online payment methods, as we’ve already mentioned. Entropay players didn’t have to provide any personal information or bank details to the casino where they were playing. Entropay money paid in could not be linked to the bank account.
Fraudulent casinos would not be able to make additional money from the player’s bank account or even know what it was.
Entropay cards can only be used once, so there are no additional charges. This helped to prevent fraud and ensure that players wouldn’t be surprised if additional payments or withdrawals were made since the card would no longer exist. These casinos provide generous bonuses for playing the best slots.
The UK was the company’s headquarters, and it was regulated by Financial Services Authority to ensure that it operated fairly and securely.
Entropay could have been hampered by fees. Although it was free for Entropay to open an account and to receive a virtual Visa card through the website, fees were charged for the use of the account.
Topping up credit cards or debit cards could cost up to 4.95%, which is quite high for people who pay higher amounts.
The withdrawal fees could range from EUR1.40 up to EUR7.99, depending on how much was being withdrawn. Additional fees of £3 are charged for closing the account or withdrawing money to a physical debit card or credit card.
There were fees even if the players weren’t using their accounts. There was a EUR2.50 dormancy fee for six months. Also, there were a few 10c charges to transfer cash between Entropay accounts.
Entropay is an online casino located in Ireland that offers the greatest and most obvious benefit. These security measures were unique for this time period.
Additionally, players can enjoy fast transactions and the ability to contact a responsive and efficient customer support team to get things back on track quickly.
Entropay didn’t appear to have any maximum withdrawal or deposit limits, which was a great advantage for many players, especially high-rollers. The biggest problem was that you could not spend money on the card, but it was possible to load the card with cash.
Simply putting money up in the first place could have been a deterrent for many potential users.
A minimum amount was required for every transaction. This was set to £20, which could prove quite expensive for players with higher budgets. Entropay is not a good option, considering the high-quality security and fees involved.
Entropay is no more. There are many providers to fill its shoes, so there will be plenty of options for payment.