Volt Online Casinos

Introduction

Open banking is currently a hit across the online gambling industry, with solutions like Volt at the forefront. This open banking solution managed to get listed across top online casinos as an accepted method as soon as it launched and is definitely here to stay. Thanks to the fact that it connects you with your online casino through your bank account, it is super easy to use, and that's why many players are choosing it over any other. It is worth mentioning that banks and financial institutions all throughout Europe are supporters, even though with it, you can make international transactions. The fact that it allows you to transact in many currencies is what makes it even more attractive, so if you wish to know more about it, feel free to join us as we explore it. What is Volt and why use it as your payment method at an online casino?

About Volt

A UK FinTech company with its team of experts in finance, launched Volt in 2019, with an aim to make it one of the leading open banking solutions in the world. Dedicated to making it shine when it came to the speed and efficiency with which transactions should be made, the team managed to create an excellent product, which went live soon after the strategy and core team were ready. In December 2019, Robert Kraal was appointed the Chairman and by the next month, funded with £1 million from Fuel Ventures, the solution was ready to conquer the world.

Based in London, the UK, the solution spread its wings quickly, and launched in Australia, with an office in Sydney, then in Poland and Germany, too, with offices in Krakow and Berlin. Knowing how open banking is at the forefront of the financial industry, transforming the way businesses receive transactions from users, the company made sure the solution enabled merchants from across the world to get account-to-account payments processed in real time. And after teaming up with leading industry players all throughout 2020, the company was ready to put it live in November 2020, when the first merchants gave it a try. They were, of course, more than satisfied with it, so its network only continued growing in the years to come.

Over 390,000 online shoppers were using it by 2023, for real-time transactions to and from all kinds of eCommerce platforms. Since over 5,000 banks and financial institutions in Europe and the UK support open banking, users’ access to its service was guaranteed, and that’s why the company continued growing its footprint in the industry. And, considering reports show the market will be worth over $11.7 billion by 2028, its footprint is only to continue growing. The fact that it has partnered with giants in the industry, global card brands like MasterCard and VISA, and the fact that it offers a global reach and is interoperable, already make it a leader in open banking payments.

As far as its availability across the online gambling industry goes, let us tell you that it is already astonishing. There’s a rather decent number of casino sites that offer it already, but rest assured that that number will only grow in the future. So, be prepared and equipped with the knowledge on how to start using it, to give it a try the first chance you get. Follow our lead for more information on the procedure for getting started.

How to Start Using Volt

Considering open banking is still a concept that not too many people understand, if you join a general discussion, questioning what is it really, you will notice that many are confused as to what it has to offer. Well, in short, open banking gives you access to the funds you have in your bank account without having to go through lengthy and exhausting procedures and allows you to transact in real time. And that is achieved, actually, without having to register any new accounts. That’s right, you don’t have to register an account when you decide to try this solution.

Since this is a B2B solution that connects you with your online casino via your bank account, as long as your bank supports open banking and your casino offers the solution, you don’t have to lift a finger to get started with it. Considering over 5,000 UK and European banks and financial institutions do, and many casinos offer the solution, we can say that you’re covered. Add to that the fact that as of 2021, the solution collaborates with PIX in Brazil, and you see how available it is getting.

But, in case your bank does not support open banking, you need to find yourself a new one that does. After you do your research and find the right bank for you, make sure you open an account with it, by providing the needed personal data and government-issued documents. While at the bank, ask for your open banking credentials, and with that, you’ll be all equipped to give the solution a try.

On that note, stick with us, as in the following section we’ll go through the steps you need to take in order to start making deposits and withdrawals with the solution.

Depositing and Withdrawing with the Solution

Compared to many other global methods that have been around across the online gambling industry for decades, Volt is just getting the attention it deserves from players. And while a decent number of operators have started offering it already, its time to shine is yet to come. Nevertheless, you will certainly find at least a handful of sites here at WCD that do offer it, which you can explore right away.

After you go through their game selections and bonuses and promotions, and decide on the site to join, register an account with it. As soon as your player account is ready, to make your first deposit with Volt, go through these easy steps:

1. Enter your player account and head over to the Payment Methods/Cashier page.
2. Look for the Deposits section and on it, find Volt and select it.
3. Set the amount you want to transfer and from the list of offered banks, select yours.
4. You’ll be redirected to a safe page where you need to enter your credentials and log into your online banking account.
5. Once inside, confirm the transfer and the funds will arrive in your casino balance in real-time.

The withdrawing procedure won’t be much different from the depositing one, so if you follow the same steps, making a few changes, you’ll be able to cash out your winnings with this solution.

Now, the first change to make is to look for the solution in the Withdrawals section, of course. After you select your bank, you will need to make the next change, which is to specify the amount you wish to withdraw. And after you verify your request, it will be received by the operator. Now, the difference here is that the operator will take 24 to 48 hours to make sure your request is legit, so the transaction won't be processed instantly this time. Nevertheless, when the approval arrives, that's when the transaction is processed in real-time.

Coverage and Restrictions

While you can make international transactions with it, Volt is accessible in several countries only. What happens is, it originates from the UK, so of course it is offered there. But it also partnered with Pix, so you will find it in Brazil, too.

As far as the European countries go, the solution is offered in Germany and Poland, as mentioned, but also Norway, Finland, Spain, Italy, and Denmark. Therefore, if a player from any of these countries, you can rest assured that you'll be able to use its services, as long as your bank supports open banking, of course.

Fees and Additional Charges

As a user of the Volt service, you won’t be charged any fees or additional charges. This safe gateway allows you to make real-time transactions without charging you, even though it charges operators respective integration fees.

However, keep in mind that your bank will charge transaction fees whenever you’re transacting via Volt. So, don’t forget to contact your bank to check how big of fees to expect.

Accepted Currencies

The currencies in all of the covered countries are at your disposal when transacting with this solution. The British pound is, of course, accepted, and so is the Brazilian real, thanks to the PIX partnership.

Now, when it comes to the currencies for the European countries, the euro, naturally, is accepted, but so is the Polish zloty, the Danish krone, the Norwegian krone, and the Swedish krona. For international transactions, you can choose to use the US dollar, as it is also an accepted currency.

Customer Support

Considering how dedicated its team is to making it one of the leading open banking solutions, you should not be shocked to learn that the solution offers a professional Customer Support Service.

You can get in touch with its Support representatives via email, so just head over to the Contact Support page on its official website and write your email. As soon as they have your answer, they will respond. Of course, do not hesitate to contact your casino’s Support agents in case you believe they could solve your problem or answer your question.

Conclusion

You don’t have to think too hard or wonder whether to try Volt or not, since the solution is right there, offered across the top online casinos, to be used without extra account registrations. Just select it as your payment method, enter the needed banking details and you’ll get real-time deposits. Withdrawals are quick with it, too, once approved by the casino, plus you can use different currencies for your online casino transactions and even avoid exchange fees! With no further ado, make sure you at least give it a go, and you’ll see that you’ll love what it has to offer.

FAQs

Can I use Volt’s service via a mobile device?

Absolutely. No matter the device you’re using, as long as it is connected to the internet, you will surely be able to use its service, as it is compatible with all desktop and mobile devices and optimized for mobile use.

How do I know that Volt is safe?

All transactions with it are encrypted and the solution uses top-notch security measures, authentication included, so you can rest assured that your money is safe with it.

Will I find it on social media?

The solution only has a profile on LinkedIn, so if you wish to know more about it on a professional level and be up to date with any novelties it introduces, make sure you connect with it.

How many online casinos already offer Volt?

As mentioned, the solution is yet to reach its peak across the online gambling industry, but you will surely find it across at least a dozen online casino sites, some of which are listed and reviewed here at WCD.

Can I explore its official website in different languages?

No, the official website can be explored in English only. Probably because the solution comes from the UK, but also because English is the most spoken language.