EnterCash

Overview

Entercash is a payment system that facilitates direct bank account transfers between two parties. Founded in 2011, the company caters to a diverse merchant clientele throughout Europe by providing a secure and instantaneous link to customers’ preferred payment bank accounts. With Entercash, the need for third-party intermediaries is eliminated, allowing merchants to decrease processing fees. This payment method is popular among online gamblers in Finland, Sweden, Denmark, and Greece, but it is also advantageous for businesses targeting these regions in other industries.

How does Entercash work?

Entercash is a payment system that operates through a direct bank account transfer between two parties. To use Entercash as a payment method, customers must first select it at the checkout and then get redirected to their online banking portal. There, they authorize the payment by confirming the amount and recipient details, and the transaction is completed within a matter of clicks. Currently, Entercash has over 100 million users online, with a large portion of them engaged in betting, casino, and online gambling activities. Due to its efficient and secure payment process, Entercashhas gained popularity among customers and merchants across Europe, providing a convenient and reliable payment solution for various industries.

Creating an Account

Opening an account with Entercash for depositing and withdrawing funds is a hassle-free and secure process. Unlike other payment methods, you don’t need to create a separate account with Entercash. You only require a bank account with a bank that supports Entercash services. Once you see the Entercash symbol on the payment page of your casino or betting account, you can be assured that your funds will be transferred through secure encrypted methods and arrive within minutes. All you need to do is enter your bank account username and password, and Entercash will facilitate the transfer. It will notify you on the screen once the transaction is completed, giving you peace of mind and convenience in managing your funds. With Entercash, customers can enjoy a seamless and secure payment process, enabling them to focus on their gaming or betting activities without worrying about the financial transaction process.

Making Deposits and Withdrawals

Using Entercash for making deposits and withdrawals is a straightforward and efficient process. Firstly, customers need to ensure that their bank account supports Entercash as a payment method, which is available through 80% of banks in Europe. Once confirmed, customers can then select a casino that accepts Entercash for money transfers and log into their casino account to begin the transaction process.

When making a deposit, customers need to locate the Deposit button and select Entercash as their preferred payment method. They can then enter the amount they wish to transfer, and the transaction is completed within minutes, ensuring that the funds arrive securely in their casino account.

To withdraw their winnings, customers can click the Withdrawal button and choose Entercash as their preferred payment option. They then need to specify the amount they wish to withdraw and transfer to their bank account, and the transaction is processed immediately. The benefit of using Entercash for withdrawals is that there is no waiting period, and customers can access their winnings instantly, allowing them to use the funds as they please.

Overall, Entercash provides a convenient and secure payment solution for customers and merchants alike, enabling seamless transactions without any unnecessary delays or complications.

Advantages and Disadvantages of Using Entercash as a Payment Method

Using Entercash as a payment method offers several advantages. Firstly, there are no transaction fees, regardless of the online platform being used, making it a cost-effective option for customers. Secondly, Entercash provides fast and efficient transactions, which is particularly useful for online casino players who want to quickly deposit funds and start playing.

In terms of security, Entercash uses SSL encryption to keep transactions secure, and the speed of transactions enables customers to quickly verify that all transfers have been completed correctly. Additionally, Entercash provides a customer support line to assist customers with any issues that may arise.

Another advantage of Entercash is its compatibility with mobile devices such as smartphones and tablets, allowing customers to make transactions on the go.

However, a potential disadvantage of Entercash is its limited availability. Currently, it is only available in 18 countries, mostly in Europe. However, Entercash has been expanding its coverage rapidly and was initially available in only four countries, indicating that it may become available in more countries in the future.

Entercash offers a convenient and reliable payment solution for customers, with its benefits outweighing its limitations.

Pros:

• No transaction fees regardless of platform used
• Fast and efficient transactions, especially for online casino players
• Secure transactions with SSL encryption
• Customer support line available
• Compatible with mobile devices

Cons:

• Limited availability in only 18 countries, mostly in Europe

Entercash provides a cost-effective, fast, and secure payment method with good customer support and mobile compatibility. However, its limited availability may be a drawback for some users.

Secure Transactions with Entercash

Security is of utmost importance when it comes to online money transactions, and Entercash takes this aspect seriously. The company uses SSL encryption and various security codes to ensure that all transactions are safe and fraud-free.

The speed of transactions is another advantage in terms of security, as it allows customers to verify that their payments have been processed accurately and promptly. This feature also makes it difficult for fraudsters to conceal any fraudulent activity.

Moreover, Entercash employs the use of HTTPS for all its services, and regularly checks all its certificates and ciphers to ensure the utmost safety and security for its users. With Entercash, customers can trust that their transactions are secure and protected.

Entercash Availability in Europe

Entercash is currently available as a payment method in 18 countries, with a focus on Europe. These countries include Sweden, Romania, Finland, Germany, Austria, Netherlands, Czech Republic, Belgium, Italy, Slovakia, Latvia, Lithuania, Estonia, and Greece.

While Entercash is not yet available worldwide, it has been expanding its coverage rapidly since its launch. Originally available in just four countries, the company’s continued expansion suggests that it may become available in more countries in the future.

It’s worth noting that availability may vary depending on the specific online platform or casino you are using. Therefore, it’s always a good idea to check whether Entercash is an available payment method before making a deposit.

Company

Entercash, a fintech company established in 2011, is headquartered in Malta and operates under the supervision of the Maltese FSA, reporting to the Central Bank and the Financial Intelligence Analysis Unit. The company is licensed and regulated to provide its payment services in 18 European countries.

In December 2018, Entercash was acquired by its current parent company, NxtGenPay Intressenter BidCo AB. The company has established partnerships with various payment providers, including Every Matrix, PayVision, Acapture, and EPG, among others.