Review of entropay payment system
Entropay payment system is young compared with its main competitors for the provision of services in monetary transactions. It was created in 2003 by people who had founded Ixaris Systems Ltd. This is a software provider that has a British certificate. Its leaders were puzzled with the task to create a service that will allow users to pay online via Visa from any civilised place.
The payment system is controlled by Bank of Valletta via a license. It is headquartered in London. Virtual Service is available from any access point to the Internet.
Registration and cards
Registration in the system is easy. In this process, the user is issued a real plastic card Visa EntroPay, as well as its Entropay virtual Visa counterpart. In some regions, you can use only an online card. It is no different from the actual piece of plastic.
At the beginning of using the service, the customer must specify the actual existing card of the following systems:
- Maestro;
- Delta;
- Solo;
- Visa;
- Mastercard;
- Visa Electron.
Its details are needed in order to replenish a virtual account and withdraw funds from it. Exactly a registered card will be a way of depositing money. This is done right at the time of the registration, you need only to specify the amount of the prepayment, only then it can be used without additional payments to the system. To replenish a virtual account, it's enough to enter data required for common payments through credit or debit cards. You must specify the corresponding card number, expiration date, the name of the owner and a protective three-digit code.
Similar details are also an attribute of a virtual card, so the payment at any store or casino that accept Entropay takes place in the same way. This is important because it is a virtual card, details of which are needed to be specified if you want to pay anything on the Internet.
Accounts
It is necessary to be aware of fees that are taken for transactions in EntroPay system. The following activities are free of charge:
- creating an account and virtual Visa card;
- removing an online card;
- paying for goods and services.
A certain fee is charged for the use of registration cards for additional Entropay casino deposits. In this case, it is necessary to allocate 4.95%. Three percent less is a cost for withdrawing a certain amount to the linked card. Exactly two percent fee will be charged for conversion of currencies. This can happen, for example, when you make a ruble deposit in an online Entropay casino from a dollar account.
By the way, Entropay allows the creation of wallets in three currencies: the euro, the pound sterling and the US dollar. Their mutual conversion within the service is free. However, transfers between two different card systems require an additional fee of ten pounds, 0.15 euros or 0.2 dollars, depending on the card currency. You can see with the naked eye the difference between paying in pounds and in other currencies. In the first case, the amount is much greater. However, the withdrawal of funds to a real bank card it’s the opposite, pounds require minimal fee – three monetary units. In other cases, you will have to pay six dollars or 4.5 euros.
Features
Entropay review system is available only in English which makes it a kind of unique but, for someone, uncomfortable. With a long-term use of the service, it provides certain bonuses and reduces fees. For example, you can link a bank account to the card within the system.
Entropay guarantees its users a proper level of security, as well as some privacy because all money transactions are individual and do not require reporting. The possibility to use the services of Entropay with the help of a PC and using a smartphone is also an advantage.