UseMyFunds is an online payment solution which lets customers use their bank accounts to buy online products and services safely and reliably. It was formerly known as UseMyBank, and many countries around the world support this system at the moment. Let’s take a closer look – read on!
UseMyFunds for Casinos: How it Works
The principle is pretty simple – UseMyFunds connects your bank account to an online casino, and you are able to deposit or withdraw funds securely. These are some countries that are using the payment solution, and their citizens can play casino games with UseMyFunds – the UK, Switzerland, Sweden, Poland, the Netherlands, Mexico, Germany, Canada, Belgium, Austria, and Australia. However, this list is far from complete and they are rapidly expanding at the moment.
Which Online Casinos Accept UseMyFunds?
UseMyFunds is very popular, but it seems that more casinos need to introduce it at the moment. Although there are a lot of gambling platforms that do offer this payment solution, that is still not enough. However, we decided to make things easy for you and found a casino which proved to work the best with UseMyFunds – EuroGrand Casino.
UseMyFunds for Casinos: Payment and Withdrawal Process
Once you register on an online casino, navigate to the Cashier section and select UseMyFunds as your primary deposit option. You will then be asked to select your bank (it needs to be on the UseMyFunds list), and enter your necessary bank details. That’s pretty much everything, and it is the reason why this payment method is considered safe and effective – you don’t need to open an account.
On the other hand, withdrawals are not as simple as deposits. First of all, only Canadians can use the withdrawal feature at the moment as other countries are still offering UseMyFunds as a one-way payment method. Secondly, if you are in Canada, you will have to register and make a Buyer Account. After that, you should fill in the PAD (Pre-Authorised Debit) forms and send them to the company via fax, mail, or email. After verifying micro deposits, you will be able to use it.
All transfers made by this payment solution are safe and reliable. Furthermore, they happen within a couple of minutes, and you don’t have to pay any additional fees to make a deposit on a casino.
Safety & Security when using a UseMyFunds for Casinos
The mere fact that you don’t have to register when depositing money boosts the security of this payment option since you don’t have to leave any traces – not even your email. Moreover, some standard security protocols take place when you opt to use UseMyFunds, which makes your transactions virtually impenetrable.
- Fast and reliable
- No registration is required when making deposits on casinos
- The list of supported countries is rapidly expanding
- High-security levels
- A complicated withdrawal process
- Only citizens of Canada can use UseMyFunds for withdrawals
UseMyFunds has outstanding customer support which you can reach via post, email, or phone. Their office is in Ontario, Canada and they work 24/7. Make sure to check out their website for additional details and help pages.
All deposits are very quick – we would dare say they are instant. Also, you don’t have to pay any fees when depositing on a casino. However, please take into account that some banks might be the ones charging fees for transactions.
Deposits require no account. However, if you decide to withdraw money, you will have to register on UseMyFunds. This option is only available if you are a citizen of Canada. Make sure to fill in the signup form and provide all the necessary info about you in order to become eligible for withdrawing funds.
Although many countries support the platform, the two main currencies that it supports are the US Dollar and the Canadian Dollar. If you have currencies other than these two, UseMyFunds will automatically convert them into Canadian Dollars at rates which are set by the Bank of Canada.
Since UseMyFunds is the most convenient payment method if you are a Canadian, you can also consider similar systems such as POLi which primarily targets players from Australia and New Zealand. Also, you can use some of the more “traditional” payment systems such as Visa, MasterCard, PayPal, Skrill, Neteller, and more.
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