KoalaPays Online Casinos
Going through online casinos and looking for one to join, you must have noticed that to make the right decision, you’d have to be certain about one or two things. On one hand, you need a casino that offers the widest choice of games you could play. On the other hand, you need to know it is a safe site that you can trust.
Aside from the licenses and games offered, however, you should also think about the payment method options at your disposal. A proper online casino must have at least two or three options for you to consider, methods that are available in your country, but also methods that offer fast and cost-effective transactions. One solution that is being added across online casino sites lately is KoalaPays. This is an all-in-one method that can provide you with several services. Why choose KoalaPays to play across online casinos with?
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KoalaPays FAQs
What is KoalaPays?
KoalaPays is a payment solution offering eWallet, SEPA and SWIFT money transfer, and exchange services. It is based in the Czech Republic but allows users from many countries across the globe to make swift and convenient transactions.
Is it available in many languages?
Its platform is available in the Czech and English language. However, considering it is a fairly new solution with global expansion plans, the list of supported languages is expected to grow.
Do I need to download any software to use its eWallet service?
The solution and its platform are completely optimized for mobile use, therefore, you don’t need to download any software to use any of its services. However, you do have the option to download its eWallet app if you want to, even though that’s not mandatory.
Does the solution offer Customer Support?
Absolutely. First of all, its official website is pretty equipped with information on how to use it. Then, there’s its Blog page which you can explore. But, 24/7 Customer Support is always at your service, as well. When you become a user, you even get a dedicated account manager and a Customer Support team member at your disposal, to assist you with whatever you need.
Is the solution secure?
The company behind it complies with financial rules and laws, and the platform is secured with a SECTIGO-issued SSL encryption certificate, so you can rest assured that the solution will keep your money and personal details completely safe and secure.
About KoalaPays
Launched in 2020, KoalaPays is a relatively new payment solution, provided to you by a company based in the Czech Republic. Even though based in Brno, the solution follows a global expansion strategy and is already available across several countries in the world, and the list keeps on growing. It has already gained the recognition and trust of many global companies and financial corporations, but its partner network continues strengthening. As a new solution, it has become a real trend across online casinos, since it offers services that are pretty attractive to the modern online casino player.
What this solution does is offer you all types of money transfers all across the globe. First of all, it supports over 20 currencies and even cryptocurrencies you can use to transact online with. Secondly, it is quite flexible, as it allows you to use four different banking services. But most importantly, it is a completely safe and secure solution to use, since it complies with PCI protocols and rules, and is regulated by the Czech National Bank. Security is at its core, and the company behind it makes sure to use the latest anti-fraud management technologies to ensure that your money is safe with it at all times.
However, there’s one thing you should know about it. You cannot actually create a personal account with it, but only a business account. Since it is a solution designed to suit the business model and serve companies all across the world with its all-in-one services, you can only use it if you are running a business, work at a company that’s using it or you are a customer of a company which has an account with it.
As an online casino player, you may be discouraged by this little detail. However, if you wouldn’t like seeing your online gambling transactions on the joint business account statement or you simply wouldn’t want to implicate your company’s details across online casinos, let us inform you that you can still enjoy KoalaPays. As long as you have an IBAN account, for instance, you can make online casino transactions under your company’s name without sharing any company details with the casino.
Types of Services Offered
As already mentioned, KoalaPays is a solution that offers four different financial services. First of all, you should know that you can open multiple-currency accounts, depending on when and why you need to. Then, you can send and receive money anytime you need, anywhere across the globe. You can enjoy its exchange services, and make SEPA and SWIFT payments. However, the solution is most popularly used as an eWallet, especially across online casinos.
Now, to get started with the eWallet, you’d need to visit KoalaPay’s official website. At the top right corner, locate the Sign-Up button and press it. Or, if you’re planning on playing via your mobile device, go straight to Apple App Store or Google Play Store to download its mobile app. Then, follow these steps:
- Create a password and a username, and then re-enter the password to confirm it.
- Enter your phone number and the type of phone device you’re using.
- Enter the full name of your company and your country of residence.
- Fill in all the required company details.
- Select your preferred currency and enter your email address.
- Answer whether you’re a VAT payer.
- Click on the Register button after you’ve double-checked all the details.
- Your account is ready to be funded.
You should know that you’ll need to share with KoalaPays many important company details, but you should also know that once you share them, they’re staying with it. These details won’t ever need to be shared with your online casino. When it comes to details needed, you’ll have to share the company’s city, ZIP code and full address. Then, you’ll need to share the names of the ultimate beneficial owner, shareholders, directors and a contact person. Finally, you’ll need to share the company’s official website.
Funding your eWallet would be pretty easy. Just connect your online banking account to your eWallet account, and you’ll be ready to quickly transact with it. Provided you have an active bank account with any bank and an IBAN, your bank account will be recognized thanks to the standardized numbering system and your transaction will go through in just a couple of minutes. Therefore, at any time, from any bank, you can transfer money all across the globe.
How to Deposit with KoalaPays
You should know that KoalaPays is still relatively a new solution, and that’s why it is not available across hundreds of online casino sites. You’ll find a decent number of casinos that accept it, though, therefore, the first step towards depositing with it is finding an online casino that you like that offers it as a payment method.
As soon as you do, just do the following steps and you’ll successfully make a deposit:
- Head over to the casino’s Banking/Cashier/Deposit page.
- Find KoalaPays’ logo by exploring the eWallets page.
- Log in to your eWallet account and specify how much you wish to deposit.
- Confirm the transaction and the service will transfer the money to your online casino account in a couple of minutes.
Deposits with this incredible eWallet are near-instant. In just a few minutes, the money you requested to transfer will reach your online casino balance. And that’s one of the main reasons why the solution is being recognized by so many online casino players, looking to make speedy deposits.
How to Withdraw with It?
The withdrawal process is pretty much the same. Assuming you’ve played and won something, head over to the casino’s Banking/Cashier/Withdrawal page and look for KoalaPays’ logo. Follow the steps as described above and you’ll successfully withdraw your winnings.
Before you request the withdrawal, make sure you’ve met the wagering requirements of any bonus you may have used. And after you do, be prepared to provide some ID documents as part of the Know Your Customer protocol ID checks. The casino needs to verify your age and identity before it pays off your winnings, and that’s all part of the regulatory rules.
Country Restrictions and Other Limitations
As mentioned, KoalaPays wants to go big, and that’s why it is already offering its services all across the globe. Upon registration, when you go through the list of countries to choose your country of residence, you can notice that so many countries are accepted and can use its services. Among them, you’ll notice New Zealand, Australia and the UK, but also most of EU countries.
The solution has explicitly stated in its Terms and Conditions page that players from countries that were subject to EU/CR financial sanctions will not be eligible to use it, nor register an account with it. Therefore, before you even consider using it, make sure you learn more about whether your country has ever been subject to such sanctions.
As far as other limitations go, we mentioned that over 20 currencies and several cryptocurrencies are accepted. Among the accepted currencies, you’ll find Czech koruna, the UK pound, Australia and New Zealand dollars, Turkish lira, Swedish krona, euro and the US and Canadian dollar. Bitcoin, Ether, XRP, Litecoin and Bitcoin Cash are the accepted digital currencies. You should know that registering an account with the solution is absolutely free of charge, but using its services comes with a cost. Explore its website to learn exactly which fees apply to the service(s) you’d want to use.
Advantages and Disadvantages
As you were reading, you probably made mental notes about the things that you like and dislike about this solution. And the pros and cons are actually quite obvious.
On the plus side, you have the fact that you can use four different services when you create an account with it. No matter where you reside in the world, you can move money effortlessly in just a couple of clicks with it. The solution allows you to create multi-currency accounts and supports more than 20 currencies and even digital currencies, which is every online casino player’s dream. On that note, what casino players also need is speedy transactions. And this is where the eWallet shines in. With the eWallet, you can make near-instant transactions, so you can start playing your favourite games in a couple of minutes.
But we can’t ignore the obvious downside, the fact that you cannot create a personal account with it. Even though all the information you share about the company stays perfectly safe with KoalaPays and no details are ever shared with the casino, some players won’t feel comfortable sharing company details with anyone, regardless of the security measures.
Also, if you’re a player from a country sanctioned by the EU or CR over financial issues, you won’t be eligible to create an account with KoalaPays. You’d have to know whether your country has had these types of issues before you even attempt creating an account with it.
Final Analysis
Weighing in all the pros and cons, one cannot ignore the fact that the pros prevail. KoalaPays is, indeed, a remarkable all-in-one solution that can be more than useful to modern online casino players. Whichever service you’d want to use at the moment, depending on your needs, you can use it via a single account. The eWallet is especially convenient as it allows for near-instant transactions with over 20 fiat and several digital currencies. You can even create multi-currency accounts and play with the casino’s default currency if you want to.
Sure, to get started with it you’d need to share company details, but you can rest assured that those details will never be shared with the casino. KoalaPays abides by strict financial rules, regulations and protocols, plus is SSL encrypted, so you can rest assured that any information you share with it and all your money will be perfectly safe with it.
Therefore, it is up to you to decide whether this is a method you could see yourself using across online casinos. Consider the good and the bad, and make your decision. Should you choose to use it, you won’t regret it.
KoalaPays Online Casinos
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