EntroPay was one of the famous online payment systems that used the Visa network to provide services via their EntroPay Virtual Visa Card. In a nutshell, EntroPay was a ‘Virtual Visa’ that existed up until July 1, 2019. It functioned like normal debit cards where a user would fund the card from another source before proceeding to make purchases or other payments. The best highlight about the provider was that its payments would be made on the internet wherever Visa was accepted.
This partnership would not only increase its market reach (120+ countries) but also increase its customer base (3m+ users) thanks to Visa’s popularity. Averagely, Visa processes about $5 billion in a year, and EntroPay would have an input in this while it was in service. While Visa currently supports 160+ currencies, EntroPay would only support 14+ currencies including the popular GBP, EUR, and USD. Its presence was mostly in the European region and countries that accessed the services of the payment provider included the UK, Sweden, Portugal, Lithuania, Germany, France, and Spain. Read More
A lot of reasons for this effect included the ability to deposit and withdraw through the method, high-level security laid on the transactions, and mobile compatibility. Moreover, with a Virtual Visa Card from EntroPay, players were able to buy and sell bitcoins with several exchange platforms accepting the method.
EntroPay was founded in 2003 and was a wholly-owned subsidiary brand of the Ixaris Group Holdings Limited, a company situated in London, England. The company was a guru in financial services matters and from its experience, functionality, security in the payments, and convenience, EntroPay popularity rose above the ranks.
The main idea behind the payment service was to act as an online debit card similar to what Visa offers. A user would be required to create an account with the platform. This would provide an avenue to purchase the prepaid virtual card. Additionally, the player would need to have a funding source. This would either be a bank account or another credit/debit card.
A partnership with Visa was arguably the main reason attributed to the provider’s growth. Through the partnership, users who created an account with EntroPay would purchase Virtual Visa Cards and would make payments anywhere Visa was accepted. This was key in opening doors for the payment method and increasing its foothold in many countries and popularity among Visa’s customers.
At the time of creation, EntroPay would enter a competitive world with several alternatives already in operation. These methods would offer direct competition especially with methods such as PaySafeCard having its wings spread globally. ecoPayz was another direct competitor that is still in function and is popular in most casinos. Moreover, Interac was another online debit card system but the only downside about it was that its focus was majorly in Canada.
The major selling point of the payment service remains the ability to make payments where Visa was accepted. What’s more, players would manage their bankroll effectively since the only remitted money was that which was on the virtual prepaid card.
A quick deeper look at EntroPay Virtual Visa Card to understand it better:
This was the prepaid card that would be used in the online transactions and was issued exclusively by EntroPay. To purchase your card, you needed to set up your account with the provider on their main website. After creating, you would go on to purchase the card by first providing the funding sources. Only two methods of funding were allowed. They included:
Concerning limits, EntroPay offered three (3) account statuses with different limits. The levels/statuses were starter level, basic level, and premier level and by increasing your level, deposit and withdrawal limits would be increased. The maximum deposit limits per level were as follows: Starter Level – £250; Basic Level – £2500 every year; Premier Level – £15,000 every month
To reach the basic level, you needed to provide additional personal information and one needed to verify their account to reach the premier level.
With an EntroPay account and a funded card, players would make EntroPay deposits at casinos as follows:
Remember the deposit needed to meet the minimum limit set on the casino. While casinos’ deposit limits vary, most of them accepted and still accept a minimum of £10-£30.
EntroPay also accepted withdrawals but several downsides were attached to this service. The withdrawals were not fast enough and fees were charged on the withdrawals. A standard fee of 1.95% of the amount was placed on any withdrawal made. Other charges placed included a £0.10 fee for transferring funds from one virtual card to another. However, the whole withdrawal process was easy and it is important to note that many casinos require that a player withdraws with the same payment option they used while depositing.
On the flip side, a player would link the payment service with their bank account or credit/debit card if they wished. This would see the options credited with the withdrawal funds once they hit the virtual card. A virtual card to credit/debit card transfer would be charged a fixed fee of £3. However, an option of leaving the funds in your account for future deposits was also available.
The maximum withdrawal limits per EntroPay levels to a bank account or credit/debit card were as follows: Starter Level – £250; Basic Level – £800 a year; Premier Level – £45,000 every month.
Steps to Receive a Payout from an Online Casino:
Remember a 1.95% charge will be placed on every withdrawal made from the casinos.
With its wide acceptability in many online casinos, players were introduced to a world of rich bonuses. The present online gambling world has seen some deposits from select payment providers excluded from bonus/promo eligibility. This was not the case with EntroPay casinos.
A variety of bonuses were available including the welcome bonus, arguably the most popular bonus. The welcome bonus would either come as a low-value no-deposit bonus or a deposit bonus where the first bonus would be matched up (50%, 100%, 150%, or 200%) up to a set value. Additionally, some casinos would add up free spins on this bonus to further attract players.
Other bonuses available for new & existing players included:
Those and other bonuses such as cashback bonuses, reload bonuses, and mobile app bonuses were available. A point to note is that the bonuses had terms and conditions attached ranging from eligibility, minimum deposit and maximum payouts, bonus validity, to wagering requirements. To withdraw the bonus, there was a need to meet the wagering requirements. This is still the norm in the casinos that adopted alternatives to EntroPay.
EntroPay casinos were player-oriented and that remains one of their major highlights. Creating an account on any of their casinos would welcome players to a good portfolio of low and high-stake casino games. With an account upgrade and bank transfer aspects brought into the picture, high-rollers would also enjoy a good selection of top casino games from a variety of industry-leading software developers such as Microgaming, NetEnt, Playtech, and Evolution Gaming.
Every deposit made would give a licence to play either of these games currently on the casinos accepting EntroPay alternatives: