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It is not limited to a specific geographical area. Users even have the ability to link their OKPAY Card to an account so everything is in one online location, making tracking purchases extremely easy.
OKPAY also offers general online banking services and money transfer services to over 70, locations.
OKPAY has been in operation since , and is focused on electronic commerce from its inception. It also deals with financial software, and product marketing and sales over the internet.
Users must first fund their e-wallet to use it. OKPAY allows a variety of deposit methods including bank transfer, deposits using electronic currencies, phone payments, and other money transfer systems.
If the user would like to deposit using a bank account, then there may be a verification process involved in setting up the OKPAY account. Each e-wallet also has its own banking details so that it can be used for general wire transfers even where certain merchants do not specifically accept OKPAY payments.
Users can even separate wallets so they have a different set of funds for each potential use. Once the account is funded, the user should visit the cashier page at their desired online casino.
Enter the amount to be deposited and enter the OKPAY account information to show where the payment should originate. Most online casinos will either offer or require the OKPAY account to be directly connected to the online casino.
Transactions do require a transaction fee, but it is relatively low—only 0. OKPAY transfers are non-refundable. OKPAY can be funded in a variety of methods, and transfers occur instantly.
In addition, users can pay and track their payments in virtually any currency that they would like.
Although there are transaction fees, they are very low. OKPAY also allows users to withdraw from the e-wallet to their bank.
By , the company had launched an integrated system that could be deployed for Internet merchants, making them a viable payment gateway in a variety of markets.
The company quickly earned praise for their creation, which aimed to blend the trust and widespread acceptance of traditional payment processing with the privacy and borderless nature of a digital currency.
In , the firm acquired a license from the Central Bank of Cyprus, allowing it to become regulated by the EU. Their service boasts a host of advantages, from the range of funding sources it supports to support for dozens of languages and currencies.
It even supports a number of cryptocurrencies like Bitcoin and Dogecoin. Assuming that there are no problems, the money should then be instantly transferred over to the casino, where it will be added to your balance and be immediately available for play.
Be aware that this system can also be used for withdrawals. Simply find this listed among the available cash out choices, pick it, and let the casino know how much you want to withdraw.
The biggest advantage to using OKPay is the sheer variety of payment options it can support. Throw in the fact that this system works in over countries and provides secure payments to players around the world, and you have the makings of an excellent processor.