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Last Updated on 16/01/2023

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Last Updated on 16/01/2023

How to Make Deposits and Withdrawals Using Volt?

Volt Payment MethodWith Volt, you can make a real-time payment anytime you want. It is the first global real-time payment gateway to move money at lightning speed. Volt is a single gateway to a world of account-to-account payments. If you are playing in an online casino, you can use it to make your deposits and withdrawals. It is one of the most convenient payment gateway facilitating instant bank transfers.

But is Volt the right banking solution for you? Our guide will provide you with an answer to this question. We will zero in on Volt’s details and how you can use it to make deposits and withdrawals.

How Does Depositing and Withdrawing Work with Volt?

Volt is an intermediary between your bank account and the online casino’s cashier page. It is a real-time payment solution. It will link your payment account to the merchant’s bank and will facilitate instant settlement.

When using Volt to make deposits and withdrawals, you must have a bank account at a financial institution supporting open banking. You should have enough money in your bank account to avoid inconvenience.

Now, you have to move over to making transactions.

Step 1: Register at a Volt Casino

There are not many casinos that accept Volt payments. So, your first step is to find out a Volt casino that is reliable and has a proper license. Do not choose a Volt casino that doesn’t offer proper customer support or the games you want to play.

When you find the right Volt casino, you have to register for it. You might have to share a few details to register an account, such as your name, address, and phone number. The casino might ask you to choose your preferred currency while registering. Make sure that you are choosing the correct currency to avoid problems in the future. Some Volt casinos might not even let you change the currency later on.

Step 2: Depositing Money into Your Account in a Volt Casino

For depositing money at an online casino, a player has to choose Pay by Bank Direct powered by Volt. You will have to enter your login details or email address. You will have to use a mobile banking app to request a deposit. Players will receive a notification once they get permission to pay to a Volt casino wallet.

The banking method takes advantage of ease and speed. You can use permission coins for various sessions, and the payment user doesn’t have to approve every transaction each time. Then you have to choose the amount and frequency of the recurring payments. The permission process is similar to the previous one.

With Volt’s Open Banking Payments, users don’t have to worry about credit or debit card fraud since there is no need to share any banking or card details. Thus, there is no risk of being exposed. Volt is a recognized virtual banking solution for you to make deposits.

The money that you transfer is instantly deposited into the casino account. So, you can start playing your favourite casino games instantly.

Step 3: Cash Out Your Winnings to Your Bank Account

The process to withdraw money from Volt casino is very simple. Withdrawing money will not require you to go through any hassle. The process of making withdrawals is almost similar to making deposits.

You have to log into your account using your credentials. Make sure that your Volt casino account has at least the minimum withdrawable amount. Following that, players must choose Volt as the preferred withdrawal method. Most casinos will automatically choose Volt if you have used it for your deposits.

Next, you must enter the amount and choose the bank account from the list. The Volt casino might ask you to complete a verification process. You might have to upload an identification document to verify your identity. Also, you can only withdraw your money when you have fulfilled the wagering requirement.

When you are done, you will have to submit the withdrawal request. The casino might not process the withdrawal instantly.

Advantages of Using Volt Online Casinos

There are many advantages of using Volt to top up or withdraw your online casino account. We are going to take a look at these advantages.

  • Sophisticated Banking System

Volt uses a sophisticated banking system, which makes your transactions easy and instant. The company gets its authorization from the Financial Conduct Authority in the UK. It means it follows the strictest security protocols in terms of security. Hence, it can be the best banking solution for you.

  • Anonymous Banking

Since you are not sharing your personal or banking details while making transactions at the online casino, you can make anonymous transactions at the online casino. Anonymity is guaranteed when you use the services.

  • No Fees

Volt doesn’t charge you any money for making transactions at an online casino. Moreover, since it only acts as a mediator between your banking account and the online casino, you can make transactions in your favourite currency. So you will not have to worry about currency conversion fees.

The money you are depositing at Volt casino is entirely available for playing. So, you can use a significant amount of your deposit.

  • Safe to Use

Volt is slowly gaining momentum across the globe due to its safety. It is partnering with banks that allow open banking. Hence, you can expect everything to be completely transparent. Your transactions are regulated. The platform uses various encryption and authentication method to protect its users. Thus, it is one of the safest banking methods at online casinos that are becoming popular with time.

  • Good High and Low Deposit Limit

Volt is great for all types of gamblers. You can use it to make small or big deposits. If you are planning to wager big, you will have to deposit a significant amount and can do that with the help of Volt. Hence, you can enjoy flexible deposit and withdrawal limits with Volt casinos.

No matter your budget, you can use Volt for your payments and play your favourite casino games.

  • Free and Accessible to All

Another incredible advantage of Volt casino is that anyone can open an account. Users can use Volt for free, and it is accessible to all. You must ensure that you have a bank account that allows open banking. Volt lets you upload funds to your casino account in no time. It will cost you nothing to open your account.

  • Convenient to Use

Volt is convenient to use, and you cannot overlook this. It makes the whole banking process easy. With Volt, you don’t have to stand in queues to complete your transactions. You can do it from the comfort of your home. With it, you can make quick fund transfer to your casino account. So, you can start playing your favourite roulette or slot game without delay.

Disadvantages of Using Volt Casinos

The disadvantages of using Volt are few in comparison to many other payment methods out there. Let’s check out these disadvantages.

  • Not Widely Available

Even though Volt is easy to use, it is not supported by many online casinos. This is not something you want to experience when depositing to play at an online casino. There are only a few only banks that allow open banking. So, it might make it a little difficult for you.

  • Difficult to Keep Track of the Money You are Spending

Since Volt makes it easier for you to transfer money from your bank account to your online casino, it tends to get tricky with how much you spend. Hence, you might not be able to control your budget. This will cause you to spend more money than you should.

  • Longer Withdrawal Waiting Times

When depositing using Volt, you can make bank transfers through Volt. So it might take longer to process the withdrawals. After verifying your details, you will wait for the casino to process it. Once the online casino has processed the withdrawal, you will still have to wait 3-5 days for the money to appear in your bank account. Hence, there is much waiting to get a hand on your wins.

Current Online Casino Volt Overview

Volt offers access to open banking payments. Its intelligent platform interprets and operationalizes a real-time payment system. Volt’s infrastructure ensures highly scalable and adaptable solutions. These solutions offer players a unified payment experience.

The company was introduced in 2019. However, it has become the leading payment gateway, especially in Europe. In 2021, Volt made its way into the online gambling industry. It has partnered with the top online casinos to provide a secure and safe solution.

With Volt’s intelligent real-time payments, you can expect to enjoy seamless access to open banking payments in Europe and other parts of the world. Since 2016, more than 5000 banks have connected to open banking programs. Millions are using open banking services in the UK. Volt targets European countries, Latin America, and the UK.

Transaction Fees and Limits

Volt doesn’t charge any money for making transactions through the platform. Also, online casinos charging money for transactions are a thing of the past. Most online casinos don’t charge any fee. Nevertheless, you might have to pay a bank commission to process a payment through Volt. So, you might have to get in touch with your bank to find out how much they will charge for the services.

The best thing about open banking is that it is affordable; when you use it, you don’t have to worry about card processing costs. You should also go through the terms and conditions on the banking page to learn about the fees.

Volt lets users transfer up to $20,000 per day across accounts, with up to $5,000/per day being NPP out.

A benefit of using the payment method is shorter cash cycles because the rapid payments offer immediate cash flow. This leads to fewer dropouts and more revenue. Since these are advantages, it is one of the online casino payments’ that is approved by virtual banking casinos.

Volt Online Casino Bonus

Volt casinos are like regular casinos that provide you with many bonuses. These are the best motivators for attracting players to online casinos and playing more. In this section, we will highlight the top bonuses that Volt casinos offer.

  • Welcome Bonus

The Welcome of Sign-Up bonus is for players new to the online casino and making their first deposit. It comes with a minimum deposit requirement. Online casinos usually advertise a welcome bonus as a percentage of the money you are depositing at the Volt casino.

Regardless of how a casino presents the Welcome Bonus, you will usually find it to be a derivative of your deposit.

  • Deposit Bonuses

The deposit bonus is an incredible way to get your bankroll to a good start. These are available as percentage cash matches that might be matched or not matched. Deposit bonuses might also be sticky and non-sticky. Stickiness is a bonus with a validity period attached to the wins from the deposit.

A deposit bonus also comes with a wagering requirement. Other terms come with the bonus. Make sure you read them before claiming them.

  • No Deposit Bonus

No-deposit bonuses are smaller rewards that are primarily given out to new players. They are created to attract players to try out new casino games before investing real money in them. Even though it doesn’t require deposits, players must wager a certain amount before they can cash out the wins.

No deposit bonus is free cash for new players who haven’t yet played at the casino. So they can use it to familiarize themselves with the site without risking their own money.

  • Free Spins

The free Spins bonus is great for slot lovers. Often, it is a part of the Welcome Bonus. So, you can use it to start playing some slots at the casino. However, it comes to terms and conditions, such as a wagering requirement.

However, they are sometimes provided to old players as promotional offers. The casino can provide free spins on new slots so customers can try them out.

  • Referral Bonus

You can invite your friends to play at your favourite online casino and get free credit. This is called a referral bonus. The person might be your friend, family member, or just someone you know. You will get a bonus when the person you refer signs up for an account at the casinos and makes a deposit. So, the more people you invite to the online casino, the more money you can win as a Referral Bonus. Usually, it doesn’t come with a wagering requirement.

Online Casino in the Future

For now, Volt online casinos are only popular in Europe, the UK, and Latin America. However, it can be expected that the payment method will extend its base globally. So, more and more casinos might accept it in the future.

Alternatives to Volt Online Casinos

Volt is worth looking into if you want to make easy and secure payments. With it, you don’t have to share your bank details with the casinos. However, if you think it is not the right solution for you, take a look at the alternatives given below.

  • InstaDebit

Wire transfers from your bank account are a secure way to transfer money from your bank account to an online casino. With InstaDebit, it can be much easier. The payment method charges a low fee and ensures that the money reaches the online casino in no time. This is the reason it has become trendy among players.

  • Skrill

Skrill is an eWallet, which is popular with online casino players. It is one of the most commonly used payment methods. Hence, almost all popular online casinos allow you to make deposits and withdrawals through Skrill.

  • Debit and Credit Card Payments

If you want to make transfers from your bank account, you can use your debit or credit card. You can use cards by MasterCard, Visa, and Maestro. Most online casinos offer these as a payment method. The transactions work just as other banking options. However, you should keep in mind that when it comes to withdrawals, it can take up to 3-5 days.

  • PayPal

When you use PayPal, you can easily send money to an online casino. It takes only a few minutes to transfer your funds. PayPal is a simple and safer way to pay and receive money in an online casino.

  • Neteller

You can make Neteller transactions at an online casino. It is available in almost all popular online casinos. With this, you can make instant transactions. Not only is it easy for the user, but also safe. It uses the latest encryption technology. You can use a variety of deposit methods to fund your Neteller account.

Other Payment Methods

 FAQ

Presently, it supports EUR, PLN, and GBP by default. However, you can also use NOK, SEK, and DKK. In case you are from LATAM, BRL is your option.

Yes, Volt is a payment provider that it’s a license from Financial Conduct Authority. In the EU, Volt serves as an appointed agent for some payment institutions.

Volt is an instant bank transfer method when it comes to deposits. But withdrawals can take some time. You will have to wait for some time before the money lands in your bank account. The timeframe will vary from one bank to the other. But you can expect to get your money much faster than regular bank transfers.

Yes, most of the deposits are credited instantly.

Vladimir Janevski
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