You will never find any shortage when it comes to electronic payments and money transfers nowadays since most people are looking for easier and more convenient ways to send money or payments to online merchants. PayPal, Skrill, and NETeller are among the most popular online payments solution but there are also small players in the electronic payments industry that you should consider.
FundSend is an alternative online payment service that works differently from the usual online payment processors. FundSend is a UK-based company which is part of Fund Movement Ltd. The Financial Services Authority of the United Kingdom controls and regulates FundSend clients can be sure that transactions are safe and reliable. The service is, of course, available in the United Kingdom, but it can also be accessed by Brazil, Denmark, Canada, Finland, Germany, Spain, Norway, Sweden and France players, if they are MasterCard or Visa cardholder. FundSend’s share of the market is expected to grow in the near future.
The great news is that you don’t need to sign up in order to use their service. Your personal details may be shared during the transaction, but your information will not be stored at their site. To deposit funds using FundSend, you only need to follow a few simple steps.
The funds will instantly be available in your online casino balance since it works similarly to a regular debit card or credit card transaction. The money that you send will automatically be debited from your account, go through FundSend’s payment system and reflect in your online casino balance immediately. The transfer of funds won’t take more than several minutes which means you will be able to play your favorite casino games with just a few steps!
There are fees involved when sending payments via FundSend, which is ranging from 2.49% to 2.99% of the transaction amount. You will also be charged€4 for every transaction. However, you can enjoy lower fees if you sign up at FundSend, instead of 2.49% to 2.99% of the transaction amount, it will only range from 1.99% to 2.49%.
There are benefits and drawbacks in using FundSend, similar to other forms of payment systems and processors. Read on to find out whether FundSend is the most suitable payment option for you.
Using FundSend to deposit money into your online casino account is very quick. Since you will be using your debit or credit card to fund the transfer, deposits are instantaneous. This means you won’t have to wait for hours or days in order to play your favorite online games.
Even though you are using your debit card or charge card to send the payment, the fact that you are doing it through FundSend’s platform means your information will remain private and confidential. This is a good option for people who are wary about using their bank account directly on the online gambling site.
Although FundSend is not as popular as the other mainstream payment processors, the service is available to almost a dozen countries and the company shows no signs of slowing down their market expansion.
Con#1: Fees, fees, fees
One of the obvious disadvantages of using FundSend is the fact that the company charges a one-time fee for each transaction plus another fee which is about 1.99% to 2.99% of the total amount. Although major e-payment processors also charge a fee for their services, others may view it as a drawback since there are other online payment processors that don’t charge any service fees.
At this time, there is no way to withdraw your money from your online casino balance using FundSend since the company is only an online payment processor, but their service does not include an e-wallet function. If you have decided that you want to use FundSend to charge your online casino account, you can still choose from a wide variety of payment processors to redeem your money.
FundSend is already available to a number of countries but the thing is, you need to own a Visa card or a MasterCard in order to use the service. Unfortunately, not all online casino players have a MasterCard or Visa card which may lead them to other online payment processors with easier requirements.
FundSend is very safe to use since it serves as an additional layer of security for people who are not comfortable disclosing their banking information online.
Although FundSend is quickly gaining popularity within the online casino industry, it is still new compared to mainstream payment processors such as PayPal and Skrill. If you wish to use FundSend for online casino funds deposit, make sure that your preferred online casino accepts payments from them.
There is no minimum or maximum amount required for deposits using FundSend but most online casinos impose the minimum and maximum amount that you must deposit as a rule.
FundSend’s best selling points are the fact that you don’t need to register (optional) in order to use the service and the transactions are guaranteed safe and sure. Payments and transfers are done immediately so you can spend more time enjoying your games instead of waiting for several hours or a few days just to start playing. You can also be sure that your sensitive personal information remains safe and secure. If you are a Visa or MasterCard account holder, FundSend is definitely worth giving a shot!