Person to Person Online Casinos

The world is undoubtedly changing fast, and with new technology popping up at every corner, people have high expectations for positive change in nearly every field of life. Naturally, this includes banking. Since we live in a fast-paced age, convenience is what most people look for when making payments. More and more users are leaving behind old-school payment options with drawn-out processing times and lengthy sign-up processes for quick and easy solutions they can check out with instantly. This is where Person2Person banking comes into play. This range of payment services has become a shining star for countless people worldwide, thanks to its primary focus on convenience. If you’re not too familiar with these services and what they bring to the table, stick around as we explore how they operate and how they relate to online casino gaming. 

About Person2Person

The first thing we need to clear up about Person2Person is that this isn’t one service offered by a single brand. The term refers to an umbrella of payment solutions that operate on a similar wavelength to make the online banking experience an even smoother one. Essentially, this scope of services acts as an intermediary between bank accounts. It fosters direct transactions between users and service providers, users and retailers, users and friends, and pretty much every institution that has a bank account attached to it.

While all Person2Person banking services follow a few core traits, they can be vastly different. What keeps them in the same category is their attachment to a bank account. To use one of these solutions, you must have a valid bank account with one of the supported banks in its circles. If you don’t you can’t proceed to set up an account, nor can you send transfers directly if one isn’t required. Another common trait they share is convenience. These solutions are pretty modern, so they’re usually fully online and make the entire transacting process as quick as possible.

To pull off some of the previous perks we mentioned, such as convenience, Person2Person banking services have a knack for cutting down processing times significantly and shortening the transacting process. The former is done by sending payments directly to the recipient. The latter is a bit more complicated. Many of these solutions make things easier by cutting the need for a user account. In essence, you don’t need to sign up for the service to use it. To start transacting, all you have to do is select it at checkout and log into online banking through your existing bank account!

While not requiring an account is a massive perk that many of these solutions carry, not all of them take this approach. Some services might require your phone number. Through it, they link your bank account with the service, so you can log in and make payments later through verification SMS codes. Others take the traditional route and require setting up an account. The popular service Venmo is a prime example of this. Sure, the registration process might be simpler than what you can expect from other options, but it’s still something you need to get through.

The common thread we’ve pulled on multiple times in this introduction is convenience, and it’s the main reason for the popularity of Person2Person banking services in the online gambling world. While they’re a somewhat more recent addition to this space, they’ve already proven to be a hit with casino fans. Players adore the simplicity of these solutions, and we can’t say that we blame them. Most online gambling operators support one or more of these services nowadays, so you should have no trouble finding one that works well in your region in local online casinos.

How to Start Using Person2Person

You might be bored of hearing it by now, but it’s hard not to talk about the convenience of Person2Person banking services when discussing how to use them. As we already mentioned, there are essentially two options you can choose from when exploring their offers. The first category includes the more laidback options that don’t require users to set up an account. The second category is the more old-school alternative. It includes Person2Person banking solutions that you’ll need to register for. We’ll cover both in this section.

If the Person2Person banking service you’ve selected doesn’t require setting up a user account, then all you need to get started is a valid bank account with one of the supported banks on its list. If you don’t already have one, a visit to the bank is necessary. Most people are familiar with the process of opening a bank account, but if you’re not, here’s the short version. First, you fill out a few forms that require your personal information. Next, verify your identity by handing the clerk a valid form of photo ID. That’s about it! The bank will process your submission and open an account soon.

Once your account is active, you can start transacting by heading to the checkout, cashier section of the casino, or whatever point of sale the retailer or service provider you’re visiting offers. Choose the service from the list of options and log in with your online bankingcredentials. It’s that simple! Of course, it’s good to remember that not all banks activate the online banking option automatically when you open a bank account. If this is the case, don’t forget to request this option during your bank visit.

The second category is Person2Person banking services that require an account. Of course, a bank account is necessary here also, and if you don’t have one, follow the steps we talked about previously. With an active bank account in tow, visit the service’s website and click on theregister/sign up/createan account button. This should prompt a pop-up form to appear. Enter therequired personal information here and proceed. Some of these solutions might have an identityverification step. If so, provide a copy of a valid photo ID when prompted. That should be it.

Your account should now be live, but before you can proceed, you’ll need to link it to your onlinebanking. This step can vary depending on the service you’ve chosen, but generally, you’ll find instructions or a guide on how to do this within the platform itself. Most of the time, all you need to do is log in through your online banking credentials and approve the step.

Depositing and Withdrawing With Person2Person

While Person2Person banking services are a relatively more recent addition to the online gambling world, their ease of use has made them very popular in countless online casinos across the globe. Finding an operator that supports a local or global service of this sort shouldn’t be a hard task. Most regional online casinos support local Person2Person options for deposits and withdrawals, while popular operators that accept international players tend to support the better-known P2P brands most people can access. Once you find a casino you like and ensure it’s properly licensed and protected, here’s how you can proceed to the depositing process itself:

1. Look for the logo of your preferred P2P banking service in the list of Payment Methods/Deposit Methods in the casino’s Cashier/Banking/Payments section.
2. Click or tap on it, and a new pop-up window will appear.
3. Log into your P2P account using your credentials or do it through your online banking credentials. This can depend on the service you’ve chosen.
4. Enter the amount you’d like to deposit in the required field.
5. After the authentication procedure, confirm your transaction.
6. As soon as you’ve confirmed it, the money will appear on your balance!

Withdrawing with Person2Person services can be somewhat tricky. While the process is essentially the same as depositing, this option isn’t something every one of these solutions offers. This is just the first bump you might run into. The processing times for withdrawals are a mixed bag with this category of payment methods. Some of these services support instant withdrawals, so you can receive your cashout as soon as the casino approves it. On the other end, others have long withdrawal times that can take up to several days!

Coverage and Restrictions

It’s hard to talk about the coverage and restrictions of Person2Person banking services, as there are so many of them to choose from. Each one comes with unique restrictions, and most of them operate indifferent territories. Some of the bigger names in this popular category tend to offer wider coverage, for example, including several countries within a continent. This is a rare case. Most of the time, a P2P service will cover a single country or territory. This is mainly because these payment methods collaborate with banks, most of which operate on a local level.

Accepted Currencies

With so many P2P services out there, you might think that it’s hard to cover all of the currencies each one accepts. We’re glad to tell you that it’s pretty simple. Since most of these solutions operate within one country or territory, they tend to support the native currency of that country. For example, if a service operates within the USA, it will likely support transfers in USD. Similarly, if the service operates within European territories, it will most likely support transactions in EUR. 

Fees & Additional Charges

The fees and additional charges attached to Person2Person banking services don’t come from these services themselves. Most of the time, they come from thebanking providers attached to them. Naturally, this means that they can range drastically depending on the bank you have an account with. The best advice we can give here is to do your research. Explore the various supported banks in your favorite P2P solution’s circles and find out how much they charge for transfers before you pull the trigger.

Customer Support

Customer Support is where things can get a bit tricky. Some of the bigger Person2Person brands have a dedicated Customer Support team on deck to help users navigate issues more easily. This rarely happens, but it’s often in cases where the service has an app or online platform. The majority of B2B banking solutions are attached to your bank account, so if you run into any issues when transacting, you’ll need to contact the bank tied to the account. Naturally, the quality of service you receive can vary drastically based on the banking provider, so tread carefully and explore your options thoroughly before you open a bank account.

Conclusion

It’s easy to state that Person2Person banking services are some of the best online casino payment options you can run into these days. While these services aren’t perfect, they allow players to make quick, hassle-free transactions, which is what most modern gamers look for in a payment solution. These options might be insanely convenient, but their diversity can be a blessing and a curse. Sure, there are tons of brands that cover different territories, but their restrictions and unique traits can take time to navigate. Despite this, they’re an overall excellent fit for the modern gambling space.