In recent years, as you’re exploring online casino sites to join, you can notice that new payment methods are constantly being added to their accepted methods lists. That’s because casinos want to stay on track with the tech developments and improvements, and want to provide players with the very best, most popular payment solutions out there. Since no two payment solutions are alike, it is important for you to find the right one for you. The perfect one would be a solution that would...
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In recent years, as you’re exploring online casino sites to join, you can notice that new payment methods are constantly being added to their accepted methods lists. That’s because casinos want to stay on track with the tech developments and improvements, and want to provide players with the very best, most popular payment solutions out there.

Since no two payment solutions are alike, it is important for you to find the right one for you. The perfect one would be a solution that would provide you with several services so that you can choose the service to use according to your current needs. Such a solution is KoalaPays, allowing you to use its eWallet, money transfer and exchange services. But why is KoalaPays a great solution to use across online casinos?

About KoalaPays

Founded in 2020, KoalaPays is an all-in-one online payment solution offering several services. It is based in Brno, the Czech Republic, and regulated by the Czech National Bank, but it has partnered with global financial companies to offer its solutions all across the globe. That’s why it offers its services in over 20 currencies and cryptocurrencies.

Security is at its core. Its platform is fully PCI compliant and uses the latest fraud management technology to ensure fraud prevention and transactions protection. But what makes it such an attractive option to use across online casinos is that it is a very flexible and easy to use solution, allowing you to send and receive payments from anywhere in the world, anytime.

about_koala_pays

There’s only one problem. You cannot create a personal account with it, but only a business account. However, you can use the solution if you’re a customer or you have a commercial relationship with a company which has an account with KoalaPays. Therefore, if you don’t want to gamble online with this solution through your business account, you can always find other ways to use it. For instance, you can open an IBAN account, and freely transfer across the internet under your company name. The great thing would be that when you are depositing and withdrawing with this solution across online casinos, you’ll be using the KoalaPays account, and no personal or company details will ever be shared with the operator.

With all that in place, with this solution, you can make SEPA and SWIFT transfer services and enjoy worldwide payments. You can use it as an eWallet and open several multi-currency accounts. And, you can use its full exchange services to get more for your money.

How to Get Started with It?

To create an account with it, you would need to visit its website and click or tap on the Sign-Up button, on the top right corner of the screen. Or you can download one of the two dedicated apps, for your iOS or Android mobile device, via Apple or Google Play Store, respectively. You would need to provide the following details:

  • Username and password;
  • Full name of your company and your email address;
  • Names of directors, shareholders and beneficial owners, as well as a contact person’s name;
  • The company’s website, mobile or landline phone number;
  • Country, address, city, ZIP code and business sector of the company;
  • Choose your currency, select whether you’re a VAT payer and click on Register.

As you can see, you would need to enter all company details in order to register an account with KoalaPays. But once you do, you’ll see that you can use all of its services completely discreetly, without anyone ever getting a glimpse of your company’s details.

how_to_get_started_with_it

After that, funding your eWallet would be extremely easy. As long as you have a bank account, you’ll have an IBAN, which is the International Bank Account Number based on a standardized numbering system to identify your bank account, regardless of the part of the world it is based in. Fund your eWallet via your online banking account and you can start using it right away.

How to Make a Deposit at Online Casinos?

Provided you managed to create an account with KoalaPays, you would have to look for online casinos that accept it in order to make a deposit with it. Now, since this is quite a new solution, you won’t find it across too many online casino sites, although, there’s a decent list of casinos that have already started accepting it.

Once you find a casino that accepts it, do the following:

  1. Visit the casino’s Cashier/Banking page.
  2. Go to the “eWallets” section and select KoalaPays.
  3. Enter your account credentials and log in to your account.
  4. Specify how much you wish to fund your online casino account with.
  5. Confirm the transaction and your funds will be on your online casino account in an instant.

This solution promises near-instant transactions at extremely low fees, therefore, in no time, you can make your online casino deposit, and get a great value for your money.

How to Withdraw Winnings with It?

The withdrawal process would be exactly the same. You would again need to log in to your online casino, then choose the eWallet from the “Withdrawal Methods” list. You would need to specify how much you’d like to withdraw from the online casino account, and sent to your eWallet account.

After the casino checks your withdrawal request, which can be anywhere within 24 to 48 hours, it will send the money to your eWallet account. You may need to provide some identification documents here, as the casino also complies with the Know Your Customer rules, and needs to verify your identity before it can send your winnings to your eWallet account.

Restricted and Allowed Countries

When starting the Sign Up process, as you remember, you need to select your country from the ones offered. And if you explored the list of accepted countries, you have probably noticed that almost all countries across the globe can use its services, even though it is most popular in the EU and the UK.

However, in the Terms and Conditions, it is explicitly stated that KoalaPays has the right not to approve the account of anyone whose country of origin is found on the Consolidated List of persons, groups and entities subject to CR/EU financial sanctions.

Currencies Available

When transacting with KoalaPays, as mentioned, you can have several multi-currency accounts via one single eWallet. The following are some of the currencies and digital currencies you can use: Danish krone, Great Britain pound, Hungarian forint, euro, Norwegian krone, New Zealand dollars, Poland zloty, Romanian leu, Russian ruble, Swedish krona, Etherium, Bitcoin Cash, Bitcoin, Swiss Franc, and Czech koruna.

currencies_available

However, you can also use Israeli new shekel, Bulgarian lev, Hong Kong dollar, Canadian dollars, US dollars, Australian dollars, Chinese yuan, United Arab Emirates dirham, Indian rupees, Brazilian real, Japanese yen, Litecoin, Mexican peso, Singapore dollar, Turkish Lyra, XRP, and South African rand.

Fees Applicable

Creating an account with KoalaPays is completely free. However, fees apply depending on the services you’ll be using.

The fees would depend on whether you’re using one or all the services offered. The fees are assessed to you for the delivery of those services. Therefore, the exact fees you'll be paying would be written in the Business Agreement that you need to accept or refuse, depending on whether you’re comfortable paying them or not.

Customer Service and Support Options

You can send the Customer Support team a message via the on-site contact form, by entering the message, your full name, business email, and your company’s name. Or you can contact the team via Skype or Telegram, Linkedin, Instagram, Twitter or Facebook.

Another way to present your issue or question is to send the Support team an email at info@koalapays.com. But, you should know that while on its official site, you can see the Blog page, where you can learn more about its services and industry-related news. On that note, the site itself is pretty easy to navigate across and informative, providing you with an intuitive guide on how to get started with and use all of the services offered.

Helpful Links

KoalaPays payment method fees and facts
Available accounts 1 business
Available currencies 20+
Exchange fees (FX) Fees apply depending on the services you’ll be using.
Deposit fees
Bank transfer Fees apply depending on the services you’ll be using.
Withdraw fees
Bank transfer Fees apply depending on the services you’ll be using.
Link to terms & conditions https://www.koalapays.com/terms-conditions/

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FAQs

Is there a way to create a personal account with KoalaPays, without involving my company?

No. Considering the solution is fundamentally an all-in-one business banking solution, it is optimized to suit business needs. Therefore, you must have a company behind you in order to create an account with it.

Which digital currencies can I use?

Ether, Bitcoin, Litecoin, Bitcoin Cash and XRP are the five cryptocurrencies you can use to exchange and transact with via KoalaPays.

Is the eWallet optimized for mobile use, in case I don’t want to download the app?

Sure! This solution is modern, mobile-compatible and easy to use, therefore, designed to fit any screen size. Regardless of the operating system your device uses, you can rest assured that you’ll experience seamless mobile banking with KoalaPays.

Do I get access to 24/7 Customer Support?

Yes. In addition to the above-mentioned means to contact the Customer Support team, as a business member, you are granted a dedicated account manager and a member of the Support team to be at your disposal around the clock, should you have any issues or questions.

Is the site SSL encrypted?

Of course. The site uses SECTIGO-issued SSL encryption, which is one of the most popular and most trusted SSL encryption providers, therefore, you can rest assured that your money is in safe hands.

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