When it comes to online gambling one of the ongoing topics of discussion is the misconception that online casinos take player deposits immediately but appear to drag their feet when it comes to paying out player winnings.
The reality here is that the banking solution used to make a deposit places the deposited amount on hold and the casino operators only receive the funds several days later. In the meantime, they have in good faith deposited the equitable number of casino credits into the player account to allow their customers to play without delay.
That being said perception is everything that since deposits appear immediate while cash outs do in fact several days in most cases to arrive the misconception continues to plague the industry.
Game Changing Approach to Instant Banking
The cryptocurrency first online casino Supremo is always on the lookout for exciting new technologies and solutions to add to their platform that will make life easier for their players.
To this end, they have added the Brite Payment Group solution to the list of deposit and withdrawal options for players in Germany and Finland. The innovative Brite payment method offers online gamblers the option to make instant deposits and withdrawals without the need to download any third-party software or even register an account as one would have to do with a web wallet provider.
Players who already enjoy instant gambling transactions using Bitcoin, Ethereum and the other cryptocurrencies on offer at Supremo casino can now experience the same speed and ease of use when banking using fiat currencies.
New Solution for a Trusted Process
Launched in 2019 the Swedish-based fintech company Brite are looking to shake up how online bank transactions are processed by offering true instant deposits and withdrawals via EFT.
Their solution is so simple it is revolutionary. Rather than build their own banking process which then needs to be integrated into the existing baking infrastructure, which causes delays, they developed account-to-account payments using the banking sectors own Open Banking API.
As all Brite-powered transactions are running through the same channels as those used by the banks themselves there is no holding period necessary for payment approval. Rather their transactions are executed near-instantaneously.
As Brite creates partnerships with specific banks and then integrates its processes into the online casinos banking system there is no need for the player to create another account. Their casino account links to the participating bank via the Brite relationship making instant deposits and withdrawals a reality.