The Efficient Bancontact Mister Cash Casinos
The players that are familiar with the online gambling industry will be very much familiar with payment processors that has gained so much popularity all around the globe.
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The market presence of some brands is very high, and their establishment has been made years back. Looking at how popular they are, they are critical to the success of casinos in some countries.
The kind of brands that we are talking about is the Bancontact and Mister Cash. The introduction of this system was made in the Belgian banks in 1979. Right from 2006, the system has now made provision for an online payment service which works very much like the Mastercard and Visa.
Currently, the method has now gained so much popularity among the web-based and the land-based casino as the internet merchant that accepts this method is up to 80%. In 2015, the payment method was used to perform a transaction which is up to 27 million.
How to make deposit
For a start, you will have to open an account from a Belgian bank so that you will be able to participate in the Bancontact network. Also, there will be a need for you to sign up at a casino that recognizes this as a payment method. Getting this should not be a problem for you at all as there are so many online casinos that recognize this method.
The moment you are ready to make your transaction, go through the list of options made available on the casino you have chosen. Then you are going to see Mistercash or Bancontact. After you might have chosen this, then you will have to input your name, card number, expiry date and the code sent to you for verification.
After you must drop the necessary details, the next stage is where it is different from the Mastercard or Visa. Instead of making the process of your payment immediately, you will be redirected to the online banking system of your bank. This is the exact place that you will have to confirm the transfer of your funds just like it is when you are paying internet bills.
The moment the payment has been confirmed and there are no other issues, the amount should be credited to your gaming account almost immediately and you can start to wager for real money.
There are some advantages you are to share which is similar to when you are making use of the debit and credit card. This is method has gained so much popularity in Belgium and many people use it. It is very easy to use and the process us very fast.
The security is tight as you will have to go through some verification process before you will be able to make a withdrawal. For this reason, you are not prone to theft.
Interestingly, it is a debit system so the chance that you can run into debt is very slim.
This cannot be compared to the Mastercard and Visa going by the fact that you will have to undergo some verification method. With this, it seems the process is quite complex
Can I make use of this method In some other countries?
There is a reasonable level of courage for this method and the process can be used outside Belgium. This card is majorly used in Netherland and also on some occasions in the United Kingdom.
Can it be processed as a Credit or Debit card?
Going by the fact that it is a hybrid system, there is a need for your account to get verified, and it can only be used at some specified places where it is recognized.
Are there alternatives?
Yes there are other methods that you can make use of which are similar to the Mistercash. You can as well use the bank transfer, e-Wallet, Neteller and Skrill