EntroPay is a virtual pre-paid Visa card which enables people to make payments over the telephone and online. EntroPay is owned and operated by Ixaris Systems Ltd, which has its registered address in London and is fully regulated by the UK Government’s Financial Services Authority (FSA). Ixaris was formed in the year 2000, and introduced its new EntroPay system in 2003. Because it is a virtual service only (you receive your “card” details via your computer or device screen), it cannot be used in conventional high street stores.
It is a very flexible way to pay online, because it can be used wherever the Visa card is accepted. You can load the card with funds using a debit or credit card, or by bank transfer, so although you can apply for a card no matter what your credit history is, you will need a bank account in order to pay in to your account. Credit and debit card top ups carry a fee (see below), but bank transfers are free (although they are not instantaneous, so you may have to wait a day or two for access to your money. You can manage your account via any internet enabled device, such as your PC desktop, laptop, tablet or smartphone.
The service is very secure, because neither personal information nor card details are given to the merchant, so you can pay with confidence without revealing your financial details. Any information stored or transmitted is protected by encryption.
The service is quick and convenient to use, but there are some fees and charges to watch out for. There is no charge for making payments using your card but, at the time of writing, loading your account with a credit or debit card carries a 5% charge, while returning money in your account to your personal bank account via a debit card also carries a fee of £3.
The EntroPay card is accepted as payment at just about all online bingo sites, as Visa cards are universally acceptable. Using EntroPay has the added advantage of helping customers with their budgeting. This is because it is not possible to overspend on the account: you can only spend what has been loaded into it! On the other hand, it is advisable to get your winnings paid into your own bank account, because receiving your online bingo withdrawals into your EntroPay account carries a 2% fee.
And to find the best sites to use your EntroPay card, always remember to consult the great online bingo reviews here at Busy Bee.