EntroPay was founded by Ixaris Systems in 2003, providing users with a Virtual VISA card that can be used instantly wherever VISA is accepted. Ixaris is a privately-held company, funded by leading UK institutional investors. Its headquarters are in London, with technology and customer operations divisions in Malta.
This payment method is available for around 40 countries. Entropay is one of the top payment solutions available for online gamblers in Asia. Some credit card companies in Japan, Korea, Indonesia, China and other Asian countries block card payments sent directly to online gambling sites. However, Entropay payments are not blocked, so it’s an effective workaround for players affected by these restrictions.
How to Use Entropay
EntroPay is an online account that gives users a safe method to pay wherever VISA is accepted, using a prepaid EntroPay Virtual VISA card that works like any other VISA debit card.
EntroPay offers a fast registration process that does not require new customers to verify themselves before they can get a prepaid card and load it with funds. To apply for an EntroPay account, you simply go to the website and click ‘R egister’. You will be shown a registration form, complete with instructions to follow, and the only details EntroPay need when you sign up for a prepaid virtual VISA card is your name, email, date of birth and country of residence.
After providing the required personal information, you have to enter details of the credit or debit card you wish to use to add money to the Entropay Virtual VISA card – you can also add funds via Local Bank Transfer if you prefer. Once you have selected the funding method, you then choose how much to deposit on your Virtual VISA card. After that, the virtual card is immediately issued and a screen displays your unique card number, expiry date and security numbers.
The EntroPay website has a comprehensive FAQ section and efficient customer support which you can use right after you log in, in case you need a helping hand.
If you would like to withdraw funds, you just need to select cash out from your online casino account, choose EntroPay as your preferred withdrawal method, enter the amount you wish to take out from your online casino account, and complete the details which are asked of you. The money will be transferred to your account instantly. EntroPay charges a 1.95% fee of the total amount when withdrawing funds.
There is a 4.95% fee to load a virtual card from a personal credit or debit card. If you use bank transfer to fund an account, there is a 3.95% charge for each amount loaded to your EntroPay Virtual card.
If you want to withdraw money from your prepaid card to a personal credit or debit card, the fee is set at $6. Any foreign exchange fee on purchases is set at a 2% fee. It is also possible to send money to your personal bank account.
Benefits and Limitations
The biggest advantage is that you can use your EntroPay Virtual VISA wherever VISA cards are accepted. And without any excessive verification, so it’s a convenient payment method.
EntroPay also accepts a variety of different currencies and offers users a competitive exchange rate on transfers through built-in dynamic currency conversion, based on current foreign exchange rates – updated every 8 hours around the clock.
By far the biggest downside to EntroPay is that the fees for loading funds onto a card can be considered quite high.
There are many online casinos that accept EntroPay as a payment option, so browse through our list above and find the best choice for your gambling.