Intrapay Direct Promises Better Banking
The payment service Intralot is now releasing a new system specifically geared towards online casinos in the UK and other regions of the global gambling market. This new system will be called Intrapay Direct and will facilitate direct bank transfers to and from an online casino. Numerous professionals from the industry have joined the leadership team at the company, which will focus 100 percent of its efforts on the online casino market.
Intrapay Direct will make transactions safer. The service will allow an online casino operator to receive and send payments by using the player’s banking information while passing through numerous security screenings. As always, the exchange of data will be encrypted with SSL software. Intrapay will be headed up by its new chief executive Koen Vanpraet. Industry expert Richard Beaton will lead the product and development and innovation division.
Intrapay’s move into the online casino sector is due to a demand for more flexibility from the player. As technology advances and different devices are used, players are in need of payment methods that fit the consumer instead of what the casino wishes to provide. Intrapay Direct plans to work closely with the market and identify the specific options that players need.
Current Methods of Banking
The current options for players to make deposits and withdraws sometimes include bank transfers. However, the process can take up to two weeks depending on the online casino and the type of currency being used. Many players prefer to use credit or debit cards because they provide an instant transfer of funds to the player’s account. In addition, the casino can typically send money back to a card’s linked account when the player requests a withdrawal.
Banking options also include online wallets. An online wallet is a money sharing service that helps the player to avoid unnecessary fees or extended wait times. Many online casinos team up with providers like Skrill and Neteller. The player can often receive a cash back promotion from using the services of a money-sharing site if it is the preferred payment at a gaming site.
Cryptocurrency is speculated to become a major form of banking at online casinos as well. A few of the most popular online gambling providers have started accepting Bitcoin as a form of payment, though this type of transaction is not yet mainstream. If the digital currency trend maintains its value, players can expect to see more crypto options available in the future.
