Licensed and monitored by the Financial Supervisory Authority of Finland (FIN-FSA), Euteller is an online payment solution created specifically for Finnish customers in 2007. The service allows users to make online purchases instantly using login details for online banking accounts with any of its partner banks. Around the clock customer service, reliability and ease of use have pushed it to the top of the list of secure payment services in Finland boasting over 15 million payments processed. It’s not an e-wallet but rather a tool making it possible to make payments from a bank account. The payment option is also integrated with various platform providers such as EveryMatrix.
How does Euteller work?
An account with one of the partners financial institutions is required including Aktia, Nordea, Ålandsbanken, Danske Bank, Handelsbanken, POP Pankki, S-Pankki and Säästöpankki. The payment process is straightforward and completed within just a few steps.
- Select Euteller at checkout or in the casino cashier.
- Choose your bank.
- Users are then redirected to a login screen where you’ll login using your internet banking credentials.
- Finalize the payment or deposit by entering a PIN.
The solution is compatible with desktop, mobile and tablet devices and delivers instant deposits and withdrawals.
Pros and Cons
Payments are processed in real-time and offer the perk of privacy. It’s become a reliable solution because customers and online gamblers aren’t required to provide card numbers or e-wallet information. Since it’s not an e-wallet carrying a balance, there is less risk for fraud. Not only would an unauthorized user need your online banking information but they’d need your Euteller PIN, which adds another layer of security and protection. Anti-money laundering procedures and rigorous fraud checks are in place to further enhance safety in the payment environment. Another plus is its wide range of availability across online casino operators. There’s generally no charge for deposits, but there is a possibility the casino could charge you for transactions using this method.
There’s not much to say regarding negatives. If you’re unable to open an account with a financial institution or were avoiding it for any reason, this won’t work for you. Most of the major banks are supported; however, you may find a smaller institution that isn't. The final bummer is that it's only available in Finland.
|Euteller payment method fees and facts|
|Available accounts||1 business|
|Link to terms & conditions||https://www.euteller.com/|
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