Rapid Transfer Casinos

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 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

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.

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.

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 official website
• Rapid Transfer Fees