Lobanet is a payment system that has been around for more than 13 years, specifically payment and transfers from Latin America banks. The term Lobanet comes from the words Local Banking Network and the company has successfully built a network throughout South American and Central American countries including Mexico, Brazil, Argentina, Chile, Uruguay and Mexico and more.
Fast and secure online payments are now possible in Latin America, thanks to Lobanet. This payment system was developed by the company Minerva Data. The service is also referred to as TBL or Transferencia Bancaria Local, while sometimes is called Local Banking Network. Some online casinos may refer to Lobanet as TBL or Local Banking Network, so it is important to know how it is called in different names.
Lobanet was launched in 2009 so it has been around for quite some time. Lobanet has partnered with different banks in Latin America so if you are a customer of one of these partner banks, you can use the service without the need to register with Lobanet. This payment system is exclusively designed for Latin American countries.
As a payment solutions provider, Lobanet’s process is easy to understand and hassle-free. It allows customers to pay for online purchases, including sending funds to online casinos and gambling sites, without the need to provide any financial details. Lobanet’s network includes about 40 reputable banks such as ABN AMRO, Royal Bank of Scotland, HSBC and more. Because Lobanet has forged special partnerships with these trusted and notable banks, transactions are processed faster than it would be through other payment processors. Lobanet provides 24/7 customer support to help clients, banks and online merchants resolve issues that they may stumble upon while performing a transaction.
Lobanet allows you to send payments straight from your personal bank account. It is, therefore, necessary for you to have an existing account with a participating bank. You should also choose an online casino that allows Lobanet as an online payment processor. Other than the two mentioned, you don’t need to create a new account or sign up anywhere to use Lobanet.
If you’re ready to send a payment, just log in to the preferred online gambling site and head over to the payments section. Select Lobanet from the list of payment methods. After selecting Lobanet as your payment processor, you will then key in the amount that you want to deposit to your online gaming account. After completing the said information, you will now choose the country where your bank operates from the presented options. Unfortunately, if you have an account from a bank that is not part of the Lobanet network, you will not be able to access Lobanet for online casinos.
After submitting all the required information, you will receive the details pertaining to your payment or fund transfer. The information will include the amount (and the currency) that you have to send. It also includes the bank where you will be sending the money from, your account number, the reference number of the transaction, and your tax ID (should it be required). Keep a copy of the details since you may be required to key these in later on.
The final step will be performed on your bank’s Internet banking platform where you will send the payment indicating the transaction details that you received prior. The funds will be sent to your online casino account instantly and you will be able to play your favorite online casino games immediately!
There are many reasons why you should choose Lobanet to charge your online casino balance, but you should also be aware of the drawbacks in using this service. Learning about the advantages and disadvantages of a payment method will help you make an informed decision.
One of the advantages of using Lobanet is that you won’t have to keep multiple electronic wallets in order to send money to your online casino account.
Another benefit of using Lobanet is that you can choose from its wide selection of partner banks to make fund transfers.
Using Lobanet saves you from the hassle of registering at different online payment platforms. You only need two things: your Lobanet account and your bank account login credentials to perform the fund transfer to your online casino balance.
Fund transfers are instantaneous which means you will have time to play your favorite online casino games instead of waiting for hours or days for your money to arrive in your account.
The company behind Lobanet, Minerva Data is regulated and monitored in the UK so you can be sure that your money will be processed securely. You can be assured that your personal and financial information will not be disclosed to online merchants and online casino operators to prevent fraud and identity theft.
Lobanet’s service is free and comes with 24/7 customer support. You will be able to get the help that you need if you stumble upon some problems or issues.
Some players don’t have bank accounts and some simply don’t want to use their own bank accounts to transfer money to an online merchant. Lobanet is not an attractive solution to those who prefer to use a prepaid card or money voucher in sending funds and payments.
Another disadvantage of using Lobanet for casinos is that there are several steps required in order to complete the deposit transaction. You need to take note of important information and key in the details manually to complete your request.
Lobanet can only process deposits at the moment. No need to worry since there are plenty of ways to get your winnings or redeem your money from your online casino balance, such as direct bank transfer, e-wallet or check.
Despite some minor inconveniences, Lobanet remains a popular payment option for those residing in a Latin American country. The benefits of using Lobanet definitely overshadows the drawbacks of this reputable and trusted online payment method. If you are in need of an electronic payment method that can work with a large network of banks and financial institutions, then Lobanet is one of the most viable payment solutions to go for.