Last updated: 15 June 2021
Entercash is an efficient payment service that simplifies the lives of gamers and online casino providers by enabling direct bank transfers. The robust platform allows casino players to carry out fast, real-time payments from their bank accounts. In this way, Entercash eliminates the need for any additional third-party solution. Quick and secure casino deposits with Entercash immediately drew attention to this online payment solution. As a result, it became a popular payment method across various online casinos.
Online transactions are almost impossible to avoid nowadays. Although shopping online has become an everyday activity, many people still have doubts related to security. So, a direct payment gateway that protects your financial transactions could ease your worried mind. One such solution is Entercash. Consequently, the CBM team of passionate fintech and iGaming experts set out to discover more about Entercash as a casino payment method. And here’s what we found out. Read on.
Entercash is a Malta-based company that started operating in 2011. It provides payment solutions to clients within online gaming, betting, e-commerce, travel, and financial services. The company is headquartered in Mata, but it operates in over a dozen European countries. Entercash is supervised by the Malta Financial Services Authority (MFSA). The MFSA regulates the banking and financial sector in Malta, including online payment service providers like Entercash.
A team of young and driven fintech experts experienced in online brokerage services founded Entercash. The management team comprises members of several financial institutions across Europe. Such background allowed Entercash to have a deeper understanding of local financial needs and regulations. As such, Enterach started expanding its reach to new countries and banks.
The data we managed to find say that more than 100 million consumers are using Entercash services online. But, the company officially stopped its operations in 2019. The Swedish fintech giant Trustly acquired Entercash in 2019 and integrated it under the Trustly brand. The CEO of Trustly said that one of the reasons why the company decided to buy Entercash was to merge with a team behind Entercash. So, now, Entercash’s parent company is Trustly Group.
Entercash is primarily focused on offering its services to Scandinavian countries. These include Finland and Sweden. However, Entercash became popular among online gamers across several other EU countries such as Germany, Austria, and Greece. In the Netherlands, Entercash was subject to stringent government restrictions and was eventually forced to stop its operations.
The data even indicate that Entercash delivers an 80% bank coverage in each country where it offers its services. It means that most banks in a country where Entercash can be used for online transactions support this payment method. We have even found information that Entercash partnered with more than 4,000 banks in Europe.
As we’ve mentioned earlier, Trustly acquired Entercash in 2019. We also know that both services are similar, offering instant bank transactions. So, we presume that Entercash, as part of the global payment giant, may now be used in more countries than before. Unfortunately, we couldn’t obtain more information on this.
No account needed, no credit cards required too
Entercash is an intermediary between your bank and the online casino cashier section. If you’re a client of the bank that supports Entercash, you will be automatically enrolled. It means that if you select Entercash to deposit funds, the service will forward you to your bank ecosystem to conduct a bank transfer. So, no credit or debit cards are necessary to make payments.
Check out if your bank supports Entercash
The only requirement you need to fulfill to use Entercash is to have a valid bank account at one of the banks that work with Entercash. Visit the bank and ask to be 100% sure you can use Entercash at online casinos.
Entercash processes transactions in EUR and SEK. However, as part of Trustly, it may also accept more currencies. You will need to recheck this at the online casino.
Entercash allows you to make hassle-free casino deposits directly from your bank account. We also explained earlier that you do not need to create an Entercash account to make payments. So, how does it work then? How to deposit at Entercash online casinos? The answer is: easy as ABC.
- First, select one of the Entercash online casinos we’ve handpicked and presented to you on this page.
- Visit the casino site and log in or register an account if you don’t have one. Open your profile and go to the Deposit section.
- Look for Entercash (or Trustly) and click on the icon. Be aware that you don’t need to top up the Entercash account beforehand.
- Enter the amount you wish to deposit and select your bank from the list. The system will redirect you to your bank’s online platform.
- Log in to your online banking with the existing credentials.
- Pick the bank account you wish to use for funding the online casino balance. Verify the payment request, and that’s it.
Now, it is time to speak about withdrawals with Entercash. At the time of writing this text, we weren’t able to 100% determine if you can use Entercash to cash out winnings. We’ve seen Trustly as a withdrawal method but couldn’t find Entercash. As Entercash is part of Trustly now, we are not sure if Trustly is a substitute for Entercash if you deposited with it.
We, therefore, advise you first to visit the withdrawal section within your profile to see if Entercash is listed there. If not, contact the casino’s support to ask if you can use Trustly instead. Or, if Trustly is also not available, check out the alternatives before you make a deposit. Anyhow, if Entercash withdrawals are enabled, the process is the same as when you deposited funds.
If you use Entercash to fund your online casino balance, you won’t face any fees. Entercash will not charge you anything for using the service. Also, online casinos don’t apply fees either.
However, online casinos have different Terms and Conditions. If you have any doubts, take a look at the casino’s T&C, check out the banking page, and definitely read the fine print. And finally, whenever bank transfer is involved, the bank will likely impose transaction processing fees. How much, you’ll need to find out at your bank.
Entercash deposits are super fast. It means that once you confirm the transaction within your online banking, the funds will immediately become available. So, head straight to the casino lobby to start looking for the perfect game.
If the casino supports Entercash as a method to cash out your online gambling winnings, the timeframe will be different. Bank transfers last longer, usually between 2-5 business days.
Entercash deposits are within the standard minimum/maximum casino limits. The minimum amount you need to deposit at online casinos ranges from €10 to €30, or the equivalent if you use another currency. At some online casinos, you will have a maximum deposit limit too. For example, Genesis casino sets a maximum deposit limit at €5,000.
If withdrawals are supported, the minimum amount you’re allowed to cash out varies between €10 and €20. The maximum is capped at €2,300 per transaction.
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Entercash is a middleman between your bank account and the merchant. It means that it is just a secure gateway that links two sides. Since you don’t need to register at Entercash, the company doesn’t store sensitive data such as bank account details or personal info. All transactions are carried out within your trusted online banking environment. In other words, Entercash utilizes the high-security standards applied by your bank. And on top of that, it acts as a shield that additionally protects the connection.
Furthermore, Trustly owns a European Payment Services Provider (PSP) license. It is compliant with PSD (Payment Services Directive) and PSD2 EU directive. The company also uses the highest encryption standards in addition to the bank’s protection measures.
According to our research, Entercash has an email address you can use to contact the support team. However, when we sent a message to [email protected], we received an automatic reply from Trustly Entercash Service. In other words, if you need any kind of information regarding Entercash, you’ll need to contact Trustly.
The email support is available on weekdays between 09:00 and 17:00 CET. You can also use an online contact form. If you prefer to speak with a live agent, call +44 20 3917 4826 or +46 8 446 831 33 for support in Swedish.
With a limited number of online casinos that offer Entercash, the number of gamers using this payment method is also limited. We, therefore, couldn’t find relevant player feedback. We can only share some interesting information regarding Trustly as Entercash’s parent company.
When writing the review, Trustly was not ranked well at Trustpilot. From a total of 1,160 reviews in June 2021, only 22% of users gave the service 5 stars. On the other hand, more than 60% of users rated the provider as bad. However, we must compliment the support team for replying quickly to all complaints.
As the service is fully integrated with Trustly, it doesn’t offer any extra features worth mentioning. It seems that the main extra feature Entercash offers is – Trustly.
Again, we must repeat what we’ve said so many times through this text. Entercash is now part of Trustly. Therefore, the service no longer has its own website, nor it offers any dedicated mobile app. So, once more, it seems like Trustly is the only valid address to look for any mobile payment feature.
But, Trustly boasts the same business model as Entercash. Just like Trustly, Entercash also doesn’t require any downloads as all transactions are done on the website. The service is compatible with any mobile device and is fully responsive. In other words, there are no mobile apps. Period.
- In 2019, Trustly acquired Entercash.
- According to shareholders’ annual reports, at the end of 2018, Entercash was valued at SEK 340M ($37.6M).
- The CEO of Entercash is Jonas Sundvall. The company enables direct bank payments to e-commerce, financial services, travel, online casinos, and online betting.
- We found information that more than 100 million consumers are using Entercash online.
- You can use Entercash for various online transactions and online shopping.
- Entercash’s website was entercash.com. But now, it doesn’t work. It seems like they shut down everything after Trustly bought the company.
Entercash is available in Sweden, Finland, Germany, Greece, and Austria. However, we cannot guarantee if the service hasn’t grown its presence due to its merge with Trustly.
Yes, they are. As a real-time bank transfer system, it facilitates instant deposits.
We cannot answer this question with 100% certainty. Again, we are unsure what happens if you deposit with Entercash and then see Trustly on the withdrawal page. The best way to learn more is to contact the casino’s customer support and ask. However, we are sure that bank transfer is always an option.
Entercash is a free service. It doesn’t request any account registration, and it doesn’t process your transactions. It acts merely as a gateway that allows you to log in to your online banking. Online casinos also don’t have fees, but always double-check this. But, will your bank charge you? Well, it is likely to happen. The only way to find out is to visit your bank and ask.