Learn more about the Person 2 Person deposit method.
In today’s world, people expect their transactions to be more convenient and faster than ever. Delays are increasingly unacceptable, and even when it comes to sending money to friends and family, most expect electronic payments to be just as quick and easy to use. than species.
This is where the growing field of person-to-person payments comes into play. Fast, reliable and easy to use, these services allow users to transfer money between each other in an instant, making them an ideal way to settle in after a meal or pay for something a group bought together. They have also found their way into the online gambling industry, with some operators offering them as a way to make deposits quickly from a computer or mobile phone.
With many sites offering some sort of person-to-person (or P2P) option, it can be difficult to determine which ones are right for you. Fortunately, our team of experts have used their years of industry experience to recommend only the best and most reputable casinos to our readers. Our picks have a number of great features, including:
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- Banking services offered by various P2P systems
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A growing way to pay
Person-to-Person Payments is not a specific company or system, but rather an entire class of processors designed to allow individuals to easily and quickly transfer funds to each other. Many people are already familiar with the services that fall into this category: Venmo is perhaps one of the most famous, although many banks and payment processors also have their own similar programs.
There are generally two ways to configure P2P operations. First, as in the Venmo model, users open an account with the service and set up a funding source, such as a bank account or credit card. Users can then send funds to others (often including those who do not yet have an account on the platform) using either funds from the source they have selected or cash held in their account.
Some banks offer these types of transfers in different ways. Customers can log into their bank account online or use a mobile app to tell their bank how much they want to transfer and who it will go to (often identified by a phone number or email address) . The recipient is then notified and can provide their banking information to the originating financial institution, which can use it to actually process the transaction.
Confirm, send and read
Because there are a number of different P2P versions, we can’t tell you exactly how your experience with this type of transaction will work. However, there are a few basic principles that will always apply. First, you will need to open an account on one of the websites that accepts deposits in this way. Second, you will also need to have access to a suitable 2-person system that the casino works with.
Once you’re ready to get started, you’ll want to take a look at the deposit choices listed in the cashier section of your chosen online casino. There you should find one or more P2P options. Choose the one you want to use and you’ll be notified where you need to send your funds. At this point, you may be automatically directed to the program’s app or website, or you may need to visit it manually in order to process your payment.
From this moment, it is enough to send the funds to the operator at the address provided by him. Most processors in this category offer instant transactions, so once you’ve confirmed the transfer, your money should reach your balance within moments, allowing you to start playing right away.
Convenient, reliable and versatile
One of the best things about these programs is the fact that they offer a level of convenience that is hard to match. Whether you’re making a deposit at your favorite iGaming website or just want to send a few dollars to a friend, you can usually do it in a matter of moments right from your cell phone without any hassle or complicated procedures. It’s hard to match, even among other electronic payment systems. These platforms also tend to be highly reliable and familiar to consumers, as they can be used in countless situations outside of the gaming industry.
The only downside here is that no particular name in this industry has become hugely popular among casinos. This means that you will need to find a site that uses the P2P platform of your choice; it’s not like you can just expect to use Venmo on every gaming website you enjoy (in fact, this particular brand doesn’t allow itself to be used for gaming purposes at all). This means that they are not as flexible as you might expect for gaming purposes.
Where is this method offered?
Various peer-to-peer platforms are available in jurisdictions around the world, and most are widely available in major markets. However, you will want to check if a particular service is actually offered in your country before trying to use it to deposit.
Can I use it for withdrawals?
In theory, it is possible that these systems are also used to process withdrawals. However, it is not clear if any casinos currently offer this option to players.
Are there any fees?
In most cases, players will not be required to pay any fees when making transfers via these methods. Instead, all transaction fees will be borne by the casino operators.
Should I register?
It depends on the service used. In some cases, your financial institution may offer a P2P option directly from its online banking service, in which case no new registration is required. However, if you use a third-party service instead, you will need to create an account in order to make deposits through that program.