| Name | BACS |
|---|---|
| URL | bacs.co.uk |
| Founded | 1968 |
| Company |
Bacs Payment Schemes Limited
Publicly Traded Company |
| Type | Bank transfer , Credit card , Debit card |
| Currencies | GBP, |
| Processing Time | 2 - 3 Days |
BACS is yet another payment system working as an electronic fast transfer (EFT) available to people residing across Europe. Here, we will highlight some details regarding this popular payment method.
BACS stands for Bankers Automated Clearing Services, and such a name would suggest this is more of a clearing financial institution than a bank. This is, in fact, true, but this does not matter a lot to casino punters leveraging this payment method, as it is still very easy to use and convenient. Headquartered in the UK, BACS offers payments in GBP, USD, and EUR.
BACS works like an online bank. If you are new to it, you will need to sign up on their website. Then, you can upload some funds through any supported bank, and you've got plenty of options there. Once you're all set up, you can go to your online casino and hit Deposit, as long as this casino supports BACS payments.
There are many casinos accepting BACS, most of them targeting UK and EU players, which is logical, as this payment service is mostly used in this region.
With EFT's becoming quite popular nowadays, this is no wonder that many casinos are adding them to their portfolios. BACS is no exception, being supported by a good number of online casinos out there.
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