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This system can be used not only for purchases in the network but also for depositing accounts in online casinos, the internal rules of the system do not contradict it. The system was created in 2007 and its main purpose is to make the work with the bank account easier. Thereby, the system is more an addition to a bank account than an independent payment method. With its help, it is more convenient to send payments and do other operations online without visiting the bank.
The work of Euteller is strictly regulated by the Finnish state regulator FIN-FSA. During the existence of the system, there were several conflicts with this organization. The system works with all major banks of the country. Thereby, the majority of local users of banks are also users of this system.How to use the system?
To use the system, you need to be a client of one of the partner banks, and all of them work in Finland. Since they do not always have a large network of foreign representations, the system becomes more local. This is a disadvantage for foreign users, while for local users it provides several bonuses. For example, some local online casinos offer free spins and deposit bonuses to users of the system.Strengths and Weaknesses
There are such pros in the system:
- No need to register. Although we call Euteller a payment system, it is rather a tool for faster and easier management of a bank account. To deposit online casino with it, you just need to select a partner bank from the list, enter your details and confirm the transfer of money
- There is a user-friendly application for mobile devices
- Speed and safety. From the point of view of security, the process of transferring money is analogous to bank transfer directly through the bank. But there is no need to wait for several working days, money reaches the recipient instantly.
There are situations when after payment the money "hangs" between the sender and the recipient. Even if it turns out that the casino has ceased to accept this method of payment, then you can simply withdraw money back to the card and use them as you like.
Here are such cons:
- The system cannot be used by anyone - only by the client of the partner bank. If you do not have an account with this bank, then the system becomes absolutely useless for you
- Those casinos that accept this method of payment charge a commission for the connecting the account.
- You can only work with the Euro.
Originally, the system was created to work in only one direction. Thereby, with its help, you can only pay or send money to someone. You cannot withdraw money from the casino, you will have to use the standard withdrawal by bank transfer or to a bank card. If you are a resident of Finland or have an account in one of the partner banks, then Euteller is a perfect option.