Introduction
The online gambling industry in Canada is getting stronger than ever, and the need for new and exciting payment methods is as bigger as it gets, and KoalaPays is one of those solutions you should consider using for smooth deposits and withdrawals across Canadian online casinos. It is an all-encompassing payment solution offering three services for you to pick from and use across online casinos. It allows you to transact in your native currency and is accepted across many Canadian online casinos. What is KoalaPays and why choose to use it as your payment method at a Canadian online casino?
About KoalaPays
KoalaPays is a rather new payment solution, launched only in 2020 in the Czech Republic, Brno. It is regulated by the Czech National Bank and offers three kinds of services you could use. With it, you could make the smoothest transactions in over 20 fiat and digital currencies, as it suits you.
Its primary concern is security. To ensure that your money is safe with it at all times, it is compliant with the PCI protocols and rules and uses renowned anti-fraud technologies to protect your money at all costs. And it is precisely due to the security measures it implements that it has managed to expand its partner network and gain the trust of leading global financial companies and corporations to offer its services globally.
It is trending across Canadian online casinos currently, too, thanks to its flexibility. Considering it offers several services you could use as a Canadian player, such as exchange services, eWallet and money transfer services. You could even open several multi-currency accounts with it, to enjoy seamless global transactions.
There’s a condition you’d need to meet, though, in order to be eligible to use it. Private users cannot create an account with it, only businesses can. So, if you have a company on your own or a commercial relationship with a company that has created a KoalaPays account, or even if you’re just a customer of such a company, you would be able to use it.
For instance, if you’re an employee at a company that has opened an account with it, you can still use it under your company’s name. No company or personal details, however, will ever be shared with the casino operator, so don’t worry. We’ll explain the entire getting started procedure next so that you get a clearer picture of how it works. For now, you should know that the solution is incredibly easy to use, and bulletproof-safe, so you can rest assured that by choosing it, you’d be making a wise decision.
Getting Started with the Solution
Out of all the several services it offers, you’d probably want to go with the eWallet service to make smooth deposits and withdrawals across online casinos with the solution. So, we’ll cover the getting started procedure for the eWallet account here.
You’d need to visit its official website and locate the Sign-Up button, which is in the top right corner of the homepage. Or, if you’re more of a mobile player, you can always download one of its mobile apps from Apple App or Google Play Store, and initiate the registering process there.
Nevertheless, you’d need to follow the same steps to create your account with it. You’d need to create a username and password that you’ll use to log in. You’d then need to confirm the password by re-entering it. Next, you’d need to share your phone number, the full name of your company and your country. Sharing the full company details will be next, meaning the address, ZIP code and city, contact person, the ultimate beneficial owner, shareholder and directors’ names, and the company’s official website. Finally, you’d need to state whether you’re a VAT payer, your email and the currency you’d like to use, and press the Register button.
Here’s where we need to reinstate that all the details you’ll be sharing with KoalaPays regarding the company won’t ever be shared with the operator. Those details will be absolutely safe with the solution and never shared with anyone.
The final step would be, of course, funding your eWallet. The only option to do it would be through your bank account. Considering you probably already have an active bank account with any bank, and by default, an IBAN number (International Bank Account Number), your bank account will be recognized by the solution thanks to the standardized numbering system. So, all you need to do is log into your online banking profile and specify how much you’d like transferred to your eWallet account. In a few seconds, the money will arrive and you’ll instantly be able to start using the solution for your deposits and withdrawals across Canadian online casinos.
Depositing and Withdrawing
We cannot sugarcoat this; KoalaPays is not accepted across that many Canadian casinos. So, you’d need to dig deep in order to find a suitable casino for you to join, which accepts it. The reason why the list of accepting casinos is so small is that the solution is relatively new and because company details need to be shared; however, due to its potential and the amazing services it offers, expect the list to grow soon. After you find the proper casino, create your account with it and you’ll be ready to start the depositing procedure.
To make a deposit with KoalaPays, you’d need to do the following:
- Visit your online casino’s Banking page.
- Try to find KoalaPays’ logo, and if you cannot spot it right away, look for it in the eWallets section.
- Log into your eWallet account and enter the amount you’d want on your casino balance.
- Confirm the transaction and the funds will arrive on your balance within minutes.
Withdrawals with the solution are as effortless and requested pretty much the same way. This time, though, you’d need to specify to the casino how much you’d wish to cash out and enter the other relevant details. The casino might take up to 48 hours to respond to your request, checking out if your request is in order and whether you have any wagering requirements left unmet.
If greenlighted, your funds will reach your eWallet account as soon as the casino confirms the request. From there, you will be able to transfer them to your bank account and cash them out whenever you want.
Applicable Fees
We have not mentioned this already, but KoalaPays is pretty cost-efficient to use. You won’t be charged for creating your account with it, for instance.
But charges apply for using some of its services. You’d need to check the related fees on its official website, depending on the services you’d like to use before you sign the Business Agreement with it. If the fees won’t work for you, you can always back up and not sign the agreement.
Accepted Currencies
Your native currency will certainly be an option when transacting with KoalaPays, as mentioned. But you should know that in addition to Canadian dollars, you can use many other mainstream currencies and even cryptocurrencies.
Among the over 20 options, you have Ether, Bitcoin, Litecoin, Bitcoin Cash, XRP, New Zealand dollar, Australian dollar, euro, US dollar, Czech koruna, UK pound, and Swedish krona, to name a few.
Coverage
Even though launched in the Czech Republic, as said, KoalaPays is a global payment method you could certainly use as a Canadian player.
It is quite popular across EU countries and the UK, as well as New Zealand and Australia. When you initiate the registration process, you’ll notice that so many countries are accepted from all over the world. The only users who won’t be eligible to register an account with it are users from countries subject to some financial sanctions.
Customer Support
KoalaPays offers a 24/7 Customer Support service you could get in touch with in case you’re experiencing any problems at all. As soon as you become a member, you get a dedicated account manager and a personal Support team member to assist you with anything you might need.
In case you wish to explore more on what it has to offer, make sure you go through all the pages available on its official website, including the Blog page, as it offers extensive information.
But, in case you’re having problems with your deposits and withdrawals, you can always contact your Support team. They will assist you with any questions or issues you might be facing.
Conclusion
True, the fact that you need to create a business account in order to use KoalaPays might discourage you, but don’t let it. The solution offers more perks than you can count, so you should consider using it as your online casino payment method. It is available in Canada, it supports the Canadian dollar, gives you the chance to use cryptocurrencies and offers 24/7 Customer Support. Deposits and withdrawals are possible with it, so the moment you find a suitable casino to join that offers it, join it and enjoy effortless online banking with it.
FAQs
Will I be able to explore its official website in many languages?
Considering the solution was launched in the Czech Republic, its official website is available in Czech. However, since it is offered all over the globe, it is also available in English. French, unfortunately, won’t be your option, so as a Canadian player, you’d need to explore it in English.
Is there any way to create a personal account with the solution?
No, unfortunately, you’d need to open a business account, as no personal accounts are possible. The solution was launched with the aim to cater to businesses as an all-in-one banking method, using the business model, so sharing company details is mandatory.
How can I be certain the solution is secure?
Its platform is using a renowned SSL encryption issued by SECTIGO, one of the world’s most respected and trusted encryption providers. The company behind it complies with all regulatory and financial rules, therefore, you can rest assured that the solution is 100% secure.
Can I use KoalaPays on a mobile device without downloading the app?
Sure thing. It is not mandatory to download the app, so if you don’t want to, you can always create your account on a mobile device via the official website. Its platform is entirely mobile-compatible, so if you don’t want to waste phone memory, just open the website via any browser and initiate the getting started procedure there.
Does the solution offer Customer Support via phone?
Once you create an account with it and get the dedicated account manager assigned to you, you will discover all of the possible communication means at your disposal.
