Entropay Finally Closes Completely | What Are the Alternatives?
It’s been a long time coming, yet last month Entropay ceased to exist completely. The virtual card service, which proved to be a popular online casino depositing method, has been forced to close thanks to new Visa restrictions.
The closure of Entropay shouldn’t come as a surprise to regular users of the method however, as they’ve been limiting account actions and refusing new members since last year.
That being said, it does leave many regular casino players without a depositing method. So, are there any alternatives? Read on to learn about which banking methods may appeal to former Entropay users.
What Was Entropay?
Entropay is a virtual prepaid Visa card, which can be used for shopping online, transferring money, accepting payments and depositing into casino accounts. Essentially, Entropay can be used to deposit at casinos like a regular credit/debit card transaction.
Founded in 2001, Entropay was one of the first fintech companies around, and it’s easy-to-use nature has allowed it to become very popular amongst online casino players and online shoppers alike.
To use Entropay, players simply had to create an Entropay account and then sign up for an Entropay card. They would then need to fund this card, and then could use the card details as if it was a real debit card.
Why Was Entropay Popular?
Like all casino depositing methods, Entropay had it’s own advantages and disadvantages. As such, there are many reasons why Entropay proved to be a popular choice for online gamers, including:
- Accessibility – As Entropay worked just like a Visa debit card, the payment method could be used at any online casino which accepted debit cards – which is basically all of them.
- Safety – Entropay worked as a middle man between you and your casino of choice. It removed the need to share your real card details with the casino, allowing you to stay safe from online identity theft and fraud.
- Budgeting – As a prepaid service, Entropay proved very useful to players who wanted to budget their funds. As you needed to deposit to your Entropay card, before depositing to the casino itself, it offered players a lot of control over their spending. For example, if you had funded your Entropay card with £100, you could only spend that amount of money. This removed the risk of falling into an overdraft or spending more than intended.
What Will Happen to Active Entropay Accounts?
As we mentioned earlier, Entropay has now ceased to exist. Users who already had Entropay accounts were advised to clear their accounts before the 24th April (2019) or risk losing their funds.
Unfortunately, if you think you may still have funds on an Entropay card, there’s not a lot you can do right now. As Entropay gave all users fair warning of account closures, the chance of getting any compensation for lost funds is slim to none.
What Are the Alternatives to Entropay?
Former Entropay users are likely to be searching for a new payment method now and luckily, there’s plenty around.
Since Entropay came to market, many other alternative payment services have come to market too. This means there are a plethora of options for online gamers who now need to find a new depositing method.
Below we’ve lsited three of the best Entropay alternatives for online casino players.
Credit and Debit Cards
If you’ve been using Entropay for years, you may not want to have to register to a new banking service. This is understandable, registering for a new service can cut into your precious gaming time, after all. For these players, the obvious alternative to Entropay s to simply use a credit or debit card.
Depositing at an online casino with a credit or debit card has many advantages, not least because credit and debit cards are accepted at almost every online casino.
The downside to using a credit or debit card, however, is that it does mean that you’re sharing your banking details with the casino. Luckily, online casinos are now safer than ever before. So long as your playing at a licenced casino, which uses SSL encryption technology (look for the padlock icon in the URL bar), your payments should be secure.
If your main reason for using Entropay was security and anonymity, then you may want to turn to PayPal now. PayPal launched around the same time as Entropay, yet it has since eclipsed Entropay in terms of numbers of users and popularity.
PayPal is now the most well-known, and well-used e-wallet around. As such, it’s available as a depositing method at an increasing number of online casinos. Moreover, PayPal thoroughly checks all sites which offer its services, which means you can rest assured that any PayPal casino is legit and safe.
Last, but by no means least, is Paysafecard. Paysafecard is the perfect Entropay alternative for those who used Entropay to budget successfully. Like Entropay, Paysafecard is a prepaid service which players must fund before funding their casino accounts. This helps players have control over their spending.
To use Paysafecard, players must first purchase Paysafecard vouchers. This can be done at many retail outlets in the UK, or online. Then you simply enter your Paysafecard voucher code at your online casino of choice. Many of the UK’s leading casinos now accept Paysafecard, including big-name brands such as BGO Vegas and Casumo.