A lot has happened in the world of e-banking and payments. Gone are the days of going to the bank in person to deposit checks, waiting in line, and signing endless reams of paper every time you want to do something.
The new age of payment and money transfer is here, where almost anything can be done online and from the comfort of one’s home.
And this is true of gambling transactions too. Many punters choose to use e-wallet services nowadays because they are faster and more convenient than using credit and debit cards. In most cases deposits and withdrawals are instantaneous.
Another very good thing is that these methods are also very secure because the casino only gets a limited amount of information so punters can rest easy and choose any casino they want without worry.
There are so many benefits to using e-wallets…
…that using e-money to gamble has never been easier and more approachable to people of all walks of life.
Not to mention, almost all of these banking methods are international meaning that there are no limits to where and how the money can be transferred.
What is an ePay E-wallet?
ePay is one such service we’ve talked about. It’s an e-wallet that lets users send and receive money from over 200 countries around the world.
It was established in 2014…
…in Hong Kong and headquartered in the city. Additionally, the company has branches in China, the USA, the United Kingdom, Europe, and Samoa.
The focus of the payment provider is to provide comprehensive financial services such as online depositing and withdrawing, online payment, currency exchange, and global remittance.
With over 500,000 global users and more than 150 financial institution partners, the company is able to connect with all major financial regions of the world.
The hard work this payment processor has put in was validated by many awards they received such as the Best Blockchain Payment Service Award.
The company also possesses the U.S. Money service business license and has received research subsidies from the Shenzhen Municipal Government Science and Technology Commission.
ePay’s stated mission is to improve the experience of global payment by helping their users in making cross-border transactions, exchanging currencies when traveling or studying abroad and also their business users by providing a comprehensive and easy global payment solution that is easy to manage.
How does ePay Work?
ePay is another of the e-wallet services available to customers in the global payment market and as such it works very similarly to what you’re probably already used to.
To use ePay you will need a way to deposit money into the account.
This is where ePay makes its mark…
offering its unique selling feature in that there a lot of ways to deposit and withdraw funds.
While most payment processors online will offer the option of using credit cards or a bank account ePay goes a step further and accepts deposits and allows withdrawals using a wide range of e-wallets and even cryptocurrencies like Bitcoin.
Here are some of the e-wallets that are supported:
- Perfect Money
In addition, customers can also use wire transfers and send money to other ePay users. The internal transfer also comes without any fees so that’s something to consider.
The fact this service takes in so many different methods makes it an excellent exchange, especially when it is taken into account that they support cryptocurrencies.
A lot of casinos also allow deposits using ePay so that means it is possible to top up your balance with another e-currency and then use this one to deposit at a casino. A great thing if the casino doesn’t support one of your e-wallets.
How to Create an Account?
In order to reap the benefits of this service, it’s necessary to create an account first and to do that punters will need to supply some personal data to the website.
These include an email address, a phone number, and a password that is all filled out on the registration screen once users click “Sign Up” from the homepage.
For added security…
…the site utilizes a verification code sent by email and also a Google Authenticator code. This means that when registering for the site, users will also need to download the Google Authenticator app if they don’t already have it.
The QR code for Google Authenticator will be shown after the first registration screen and users should screenshot it or write it down.
Once that code is put into the app, another code will be given to enter in the website. After that, customers will also need to enter the PIN code from the email.
It’s definitely an involved process…
…but it’s your safety on the line so why not take the extra steps to protect yourself?
Depositing and Withdrawing
Depositing and withdrawing are possible using one of the many payment methods the app supports including wire transfer or e-wallets and cryptocurrencies.
Potential users should know that for using Wire Transfers, it’s necessary to verify the account by providing real personal data to the payment company.
Users will be asked for two pieces of authentication:
- An ID card, a passport, or a driving license.
- A utility bill, bank statement, or some other document that can prove the individual’s real home address.
After this is complete, you can deposit and withdraw using Bank Transfers.
Pros and Cons of Using ePay
The primary strength of this service is the ability to deposit and withdraw using a wide number of e-wallets including cryptocurrencies.
An additional benefit is that it’s possible to exchange fiat currencies for one another and also to trade cryptocurrencies (Bitcoin for Etherium, for instance).
This makes the service…
…a one-stop-shop for online payments.
The main downside of the service is that if you want to deposit into your account with wire transfer the minimum deposit is quite high.
Also, some transactions come with fees while some don’t. It can be hard to orient yourself, and potential customers are advised to closely read the fine print regarding transactions.
Another thing which we didn’t like, is that the FAQ pages are full of broken and badly translated English.
However, all in all…
…this is a great method to keep various transactions organized in one place.
|EPay payment method fees and facts
|Countries restricted from using EPay
|USD, EUR, GBP, AUD, JPY, BRL, ARS, RUB, INR, MYR, THB + 39
|Account management fees
|0% - 5%
|Cashback and promotions
|Additional bonus programs
|Two factor authentication
|Google Authenticator code
|Link to terms & conditions
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