What Is Rapid Transfer?

Banking facilities and payment facilitation companies have largely progressed since the first attempts at cashless transactions. From the ancient, paper checks through wire transfers, people nowadays are able to use their funds to the maximum, just as long as they manage to keep up with the latest innovations in the industry.

Rapid Transfer

The most recent tendencies indicate that people are turning more and more towards direct bank transfers. They further opt to eliminate multiple login procedures for the sake of a single, well-protected platform offering a universal access point. The top leading companies in the industry have successfully identified such needs among consumers, resulting in several various services that operate on this principle. One of them includes Rapid Transfer.

About the Banking Method

Rapid Transfer is a banking product...

... offered by the well-known banking service, Skrill. As part of the PaySafe Group, this business bears an impeccable track record and reputation, making potential customers all the more willing to try their new products.

This payment method, specifically, functions more or less on the same principle as Trustly’s Pay N Play option.

It integrates...

...as simply to the e-commerce platform as the standard e-wallet solution, in this case, Skrill. However, instead of acting like a separate method, it only functions as a background intermediary between your chosen e-merchant and your chosen consumer bank account.

The Rapid Transfer method was initially released in seven countries across Europe, but is nowadays available in about 20 nations:

  • Austria
  • Belgium
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Hungary
  • Italy
  • Netherlands
  • Poland
  • Portugal
  • Spain
  • Sweden
  • UK
  • Norway

Top Casinos Accepting Rapid Transfer

What is more, in order to fit the diverse preferences of their residents, users can choose between several currencies – EUR, SEK, NOK, DKK, HUF, PLN and GBP.

What is Rapid Transfer

Rapid Transfer in Online Casino Sites

One of the main uses of this innovative banking service is in the online gambling industry. Online casino, sports betting, poker and similar gambling operators use it as a banking method in their Cashier sections, all to the purpose of providing players with fast, secure and convenient deposits and withdrawals.

Step 1: Interested players who would like to perform their online gambling transactions with Rapid Transfer will initially need to find a suitable casino that offers it as a payment option. Make sure to check the game software and bonus offers for greater convenience and set up a player account.

Step 2: Head straight to the Cashier/Banking section upon signup – Rapid Transfer should be a separate option when choosing your banking method. Click on it, and the resulting link will direct you to choose your specific bank where you hold an account. Choose your bank, access the online banking service using your existing credentials and log into the familiar platform.

Step 3: Enter the amount you wish to deposit to the specific e-merchant – your online casino operator. Afterward, just confirm the transaction and you’re good to go – payments with Rapid Transfer are executed in real time, meaning that players are able to make use of their funds as soon as they complete the payment process.

Skrill Rapid Transfer

Pros & Cons

From the website, through the testimonials of 200+ millions of users in over 170 banks, the benefits for both consumers and merchants alike come down to the following points:

  • Transactions are performed instantly, in real time, allowing users to put their funds to use immediately upon transfer;
  • It is cost-effective, with minimum fees that allow the service to sustain its operations without affecting the user experience;
  • Extremely secure, certified payment method; compliant with banking standards that require most advanced encrypted protection;
  • Easy to integrate to e-commerce platforms of all kinds (through Skrill Digital Wallet, Rapid Transfer Payment Processing or the Shopping Cart plug-ins available);
  • Optimizes visitor conversion – attracts users looking for an alternative to the standard credit and debit card payment processing;
  • Allows merchant payouts and refunds.

Naturally, even the older and more established banking services have their shortcomings. In the case of Rapid Transfer, customers and merchants alike mostly express concerns regarding:

  • Country restrictions – the service is still available only across a limited number of jurisdictions;
  • Lack of experience – while the entire company behind it has a proven track record, this service specifically has not been long enough on the market in order to build upon credibility and reputation.

Helpful Links

Rapid Transfer payment method fees and facts
Available accounts 2 accounts (1 personal + 1 business account)
Available currencies EUR, HUF, NOK, SEK, BGN, PLN, GBP, DKK
Deposit fees
Instant bank transfer free
Withdraw fees
To merchant site free
Two factor authentication 3D Secure
Link to terms & conditions https://www.skrill.com/en/footer/terms-conditions/rapid-transfer/
What Is Rapid Transfer? Banking facilities and payment facilitation companies have largely progressed since the first attempts at cashless transactions. From the ancient, paper checks through wire transfers, people nowadays are able to use their funds to the maximum, just as long as they manage to keep up with the latest innovations in the industry. The most recent tendencies indicate that people are turning more and more towards direct bank transfers. They further opt to eliminate multiple...
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FAQs

Are there any deposit or withdrawal amount limits on Rapid Transfer casino payments?

The payment processing service as such does not apply any restrictions on the amount you can send and receive. Nevertheless, it does aim to comply with the online casino operator’s terms and conditions, so you would be best off to check there and portion your transactions accordingly.

Will I be able to claim any casino bonuses when using this payment method at the casino?

Yes, you should be able to claim any casino bonus offer or promotion that you find suitable to your player needs. Make sure to check the terms of use just to be sure, since some bonus offers can be restricted to specific payment methods as well as games, all with the purpose to better promote said brands.

Can Rapid Transfer be used for anything other than online casino transactions?

Yes, e-merchants in general are largely adopting this payment method in their banking pages. So, anyone preferring Rapid Transfer over older options will nowadays be able to shop for merchandise, pay for services or enjoy online slots, table games or the likes through this single payment processor.

What sort of customer support experience am I looking at with this payment processing service?

As mentioned, Rapid Transfer is released by the e-wallet brand Skrill, under the parent company Paysafe Group Limited. Having the brands’ reputation in mind, Rapid Transfer users are bound to expect top-notch customer support – they can easily obtain answers to all inquiries, or find solutions to their issues, via an extensive FAQ library, or a contact form.

Are there any suitable alternatives to this payment method?

For online casino players, and online customers alike, that are ineligible to use this payment method yet, there are several similar options at hand. Trustly’s Pay N Play mentioned earlier is bound to be a suitable option, even though it is limited to a couple of European countries – Germany, Sweden and Finland. US online casino players, per se, have it a bit harder, since neither of the two options are available. Still, plenty of other e-wallets, as well as direct bank transfers can fit this payment method to some extent, although they may come short in aspects such as speed.

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