Instant Banking is a new payment method launched in 2020 with a focus on deposits and withdrawals at casinos without a license in Germany and Scandinavia. Using this method, players from the region can transfer money to and from their bank accounts to their accounts at unlicensed casinos in no time. All you need is your unique electronic citizen identification such as BankID in Scandinavia. To know more about Instant Banking and how it works at unlicensed online casinos, continue reading this article.
Instant Banking is a payment processing service that facilitates smooth transactions between an individual’s bank and online casinos. Although it is primarily aimed at Scandinavian and German gamblers playing real money games at foreign casinos, the services are likely to be extended to other Nordic countries and Germany soon.
With Instant Banking, deposits and withdrawals are swift, easy, and secure. Because you do not need to download any app or fill in long registration forms, the process is fairly simple. Identity verification is done via electronic identification such as BankID (and hopefully NemID soon), which aids in instantaneous paying and playing at casinos online.
Winnings can be paid out directly via Instant Banking when you request a withdrawal. The processing time is less than two minutes, which makes this processor one of the fastest. Because verification is done via BankID or its equivalent, safety is seldom an issue. Instant Banking further showcases high flexibility and uses the latest encryption technology to ensure security.
You can use Instant Banking in five easy steps:
Instant Banking is a safe casino banking method to make deposits and withdrawals, especially when you are gambling at an online casino without a license. Some payment methods such as credit and debit cards are cumbersome and can be blocked by the Nordic authorities. E-wallets are an easier option, but not as powerful as Instant Banking.
Although it is not illegal to play at unlicensed online casinos, Nordic governments are known to dissuade the residents from turning to these sites. Often ISPs are ordered to block such websites and payment processors are asked not to process any casino transactions.
For instance, the Scandinavian and German Gaming Authority recently cooperated with national banks and successfully blocked payments via VISA and MasterCard to and from casinos without license. If you are a German or Scandinavian player trying to pay using VISA or MasterCard, you must know that the transactions are traceable. Because your personal and financial data is being included here, it is easy for the regulators and government authorities to block such payments.
This is not the problem with Instant Banking where you cannot trace an individual’s banking details or personal information. Every transaction is protected with advanced encryption. Payers need not contact the bank to deposit or withdraw money. This is why getting blocked is next to impossible.
Among payment processors for casinos without a Nordic license, Instant Banking is a new kid on the block. The method means that transfers take place digitally, without any slowing intermediaries being involved. A transfer with Instant Banking reaches the recipient in a few seconds.
Besides, it is a secure payment method, as they use encryption and you do not have to disclose any private information. This is a great advantage when playing at foreign casinos, as you do not have to worry about your payments being blocked.
An iGaming enthusiast that have worked with online casinos and betting since 2017. Ex-chief editor for a sport news outlet, Vincenzo is the stalwart of the team who dares to dream big. He knows content that could be a player’s ticket to a million bucks. A quiet achiever, he believes in working in silence and letting success make the noise. He is also the one who ensures everything in the team works the way it should. We can always bet our boots on that