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In a world where online payments have become the new normal, many methods are being invented to provide users with more benefits than the rest. And when it comes to online gambling, players are looking for those that offer the lowest fees, the speediest transactions and the most secure options. One such method was launched a few years ago, called NeroPay. Why consider using NeroPay for your online casino deposits and withdrawals?

NeroPay…

…is a brand name of Genesis Finance Ltd, established in 2018. The company behind it is registered under the laws of Singapore, but the service is controlled by the Malta Financial Services Authority. As such, it is a perfectly regulated payment method that you can trust with your money. It is available in all EEA countries, you can use it for more than just your online casino payments. 

It is an eWallet…

…that functions the same way as any other eWallet you’ve used, only designed to provide you with better perks than them. You can both send and receive money with it, which means it is suitable for both deposits and withdrawals, and this is the first thing online casino players are interested in when they’re choosing a method to use across online casinos. 

It is also available on both desktop and mobile devices, and it offers an app that can be downloaded on the App Store for iOS users and the Google Play Store for Android users. That's the second benefit you'll be getting for deciding to use it. On that note, you can easily join a mobile casino and make payments and cash out winnings right then and there, on your smartphone or tablet. That’s why this solution is suitable for playing on the go. 

But, what makes it special is that no fees apply for regular services. Sure, certain premium services are subject to fees, but for regular deposits and withdrawals, it comes with no costs. Therefore, NeroPay already offers four things you’re looking for when choosing a payment method to use across online casinos: it is safe and regulated, available on mobile devices, with no fees, and you can use it for both deposits and withdrawals.

neropay 

How to Get Started?

Another advantage you get for using this payment method is that it is quite easy to get started with. Of course, before you even consider using it, you should know that you can only do so if you’re a citizen of one of the many EEA countries. 

You first need to…

…create your account. You can do that by accessing its official website. There, you will find detailed instructions on how to register for an account. Once your account is ready, you will get an International Bank Account Number (IBAN), which you will further use to send and receive money to your NeroPay account. Finally, you'll get a Validation Code sent by SMS which you need to insert to activate your account. 

Next…

…you would need to load funds to your account. You can do that with several convenient payment options. You can either go with the direct bank transfer, or you can use your debit or credit card. What’s best is that you can also use cryptocurrencies to fund your account with if you want to. This payment method, as introduced, allows for transfers with both fiat and cryptocurrencies. The currency of the eWallet is euro, but others can be used which may be subject to currency exchange fees.

Finally…

…you can start enjoying the benefits of NeroPay, by transferring or spending money from the balance on your account in whichever way it suits you. In case you experience any problem with your transfers, the service also offers Customer Support available from Monday until Saturday, from 08:30-24:00 (CET). Should you need assistance outside of these hours, you can send the agents an email and they’ll respond as promptly as possible. The site is available in eight major languages, so in case you want to, you can explore it in one of those languages and read the thorough FAQs section for further clarification on matters that interest you.

In regards to fees…

…as previously mentioned, the basic things are free. You have to pay no fees for account activation or upgrades or annual maintenance. No fees apply for loading money to your eWallet account via bank transfers and credit, debit or prepaid cards. If you want to send money from your account to another account, you need to pay €1, but if you’re the receiver, account to account transfers are free for you. Also, transferring money from your account to an online casino, ergo, depositing is free of charge. So is transferring the money from your casino account to your eWallet account, ergo, withdrawing from your casino.

All other premium services go from €15.00 to €70.00 depending on the importance of the service and the resources used. SEPA transfers come with fees depending on the amount that is being transferred. You can find out more about the fees that apply by going to the NeroPay’s official website. 

neropay-consumer-fees

Depositing and Withdrawing with NeroPay

And then again, you get another perk for using NeroPay across online casinos. It is quite easy and convenient to make deposits and withdrawals with it since requires the same steps as any other eWallet you’ve used so far. 

To fund your online casino account…

…you would need to find an online casino that accepts it. Remember that you would need to find a casino available across world European markets since this method is only available in the EEA countries. Then, you need to log in and go to the casino’s Banking or Cashier section. Alternatively, there may be a Deposit section right away. Anyway, find NeroPay’s logo and click on it. You will instantly see a window taking you to your NeroPay account login page. You would need to enter the proper information and then the amount of money you would like to deposit at your online casino account. Confirm the transaction, and the money will be transferred from your eWallet to your casino account in an instant. 

To cash out your winnings…

…you would have to repeat the same process. However, before you do anything else, double-check whether the casino you chose accepts it for withdrawals. Some casinos have different policies and rules, so even though you can actually make withdrawals with it, your casino may not accept it for withdrawals. 

Once you ensure that you can use it, go to the Cashier/Banking/Withdrawals page at the casino and find the eWallet’s logo. Click on it and again, enter your eWallet account details. Insert the amount of money you wish to withdraw and confirm your request. This time, it would take a while for the transfer to be completed. The casino needs to check whether you have enough funds to withdraw and whether you have some wagering requirements left to meet. If everything is in order, you will get your money on your eWallet account in a few hours to a few days. 

From here, you can use the money you’ve won for online purchases, or you can even cash it out by transferring it from your eWallet to your bank account safely. 

neropay-ewallet

NeroPay payment method fees and facts
Countries restricted from using NeroPay Canada
Available accounts 1 account
Available currencies EUR
Account management fees free
Account unused 50 EUR
p2p Money transfer
Send money p2p 1 EUR
Receive money p2p free
Deposit fees
Bank transfer free
Credit card free
Withdraw fees
To merchant site free
Link to terms & conditions https://neropay.com/en/terms-conditions/

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FAQs

Is there an age limit to apply for a NeroPay account?

Yes. According to European laws, you have to be 18 years of age in order to be eligible to apply for a NeroPay account.

Can I apply for more than one account?

No. You can only apply and have one account. The company’s policy is that one account is permitted per customer.

Is it possible for my account to be blocked?

Yes. There can be several reasons why your account could be blocked. For one, when you create the basic entry-level account, you have a maximum loading limit per calendar year of €50,000 and if you exceed that limit, the account will be immediately blocked. Also, if there’s any breach in security or your account has not been properly used, the account can get blocked until further explanation. And then, if you have made no transaction for the last 6 months, the account is dormant and the system automatically will block your account.

Can I use a different payment method than those suggested to fund my eWallet account?

As a matter of fact, yes. In addition to bank transfers, credit cards, debit cards and prepaid cards, you could contact the Customer Support and arrange funding your account using local options depending on your country of residence.

How to know that my money is safe with NeroPay?

In addition to being regulated by the Malta Financial Services Authority, which means compliant by all financial rules and laws, this eWallet employs various algorithms and very secure firewalls to ensure that your money and transactions are kept secure and safe.

Is NeroPay accepted at various online casinos?

Considering it is a fairly newer payment method that has yet to receive the recognition it deserves, it is not available at many online casinos. However, there’s a rather decent choice of casinos you can join that accept it for deposits and withdrawals, some of which are found on our list.
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