Volt Casinos

The banking scene is an ever-evolving one, and that's why across the top online casinos, new solutions keep on being added to the accepted methods lists; with open banking on the forefront at the moment, solutions like Volt are getting more and more popular among players and operators alike. This solution is a bridge that connects you, your bank, and your online casino, so it is extremely effortless to use, as you don't even have to register an account with it. It has managed to partner up with enough banks and financial institutions all throughout Europe to ensure huge availability, so you can rest assured that it is already offered across a decent number of online casino sites, too. Therefore, stay with us to learn more about it and see why it would be a great option for you to use for smooth deposits and withdrawals. What is Volt and why decide to use it across online casinos?

About Volt

A team of financial experts eager to innovate, believing in real-time payments, with a passion for creating a solution that would surpass similar ones in efficiency and speed, set out on a mission in 2019 to design Volt, the open-banking solution that certainly exceeded their expectations. So, the core team and strategy were ready, and in December, the Chairman was appointed Robert Kraal, and in January 2020, the solution already had a £1 million seed funding from Fuel Ventures.

Recognizing how open banking has the power to transform how merchants receive payments from users, the FinTech company behind the solution, based in London, the UK, designed the open payments super gateway that enables businesses all across the globe to receive account-to-account payments in real-time. All throughout 2020, the company has been partnering up with major industry players, and in November of that year, the first merchants went live with it. The solution proved to work magic, facilitating the way transactions are handled online, instantly and safely.

By 2023, over 390,000 shoppers were already using the solution, for seamless transactions to and from all kinds of online platforms. Thanks to the fact that the company brought together the most trusted and experienced names in the payments industry, the company has managed to build a global network of payments, alongside giants in banking like MasterCard and VISA, among others, and over 5,000 financial institutions in the UK and Europe. So, it is safe to say that Volt is the new leader in open banking and real-time payments.

Thanks to the fact that it is interoperable, global, and allows for instant transactions, it goes without saying that the solution has been warmly welcomed across the online gambling industry. It is already accepted across a decent number of top online casino sites, and its availability continues to grow across the industry. So, continue reading to figure out the steps you need to go through in order to start using it.

Getting Started with It

Considering this is a business-to-business (B2B) solution that acts as a bridge between you, your bank, and your online casino, you won’t need to register an account with it. The casino operator will need to contact its Sales team in order to arrange the integration, but you, the player, have to go through no extra steps to start using it. Once you request a transaction via it, the solution will link your payment account to the casino’s bank and facilitate an instant payment settlement. So, what do you actually need to get started with it?

One thing: an active bank account with a bank that supports open banking. As mentioned, though, over 5,000 banks and financial institutions do, so your bank should do, too. Add to this the fact that the solution works with PIX in Brazil, as of November 2021, so you can expect the number of available financial institutions to keep increasing. On the off-chance, that your bank does not allow open banking, do a quick search and find a bank in your vicinity that does, and visit it to open an account with it. You know the drill: you'd need to provide some personal details, show an ID (and proof of address if needed), and just like that, the account will be ready to be used.

Before you attempt to make a deposit with the solution, though, make sure you contact your bank to double-check whether it allows open banking. Assuming it does, you're good to go. The next thing to ensure is to have your online banking profile up and running, and of course, to have enough funds on your bank account to start using the solution. Suppose you’re equipped with everything, it’s time you learned how to make your deposits and withdrawals with the solution across the online casinos that have integrated with it. Follow our lead.

How to Deposit with Volt at an Online Casino?

As you probably assumed, Volt is not as popular as other solutions that have been around for ages, but it is slowly getting the recognition it deserves across the online gambling industry. At the moment of writing, there are certainly several online casinos listed here at LCB that you could check out in your pursuit of finding the right casino to join that accepts it.

Assuming you’ve checked out a few sites and picked the most suitable casino to join, register a player account with it. After providing the needed personal details to create your account, to fund it with Volt, you would need to follow these steps:

1. Head over to the Cashier/Banking page once you access your registered player account.
2. Find the Deposits section and on it, look for Volt’s logo and press it.
3. Enter the amount you wish to deposit and select your bank from the list of eligible banks.
4. Once redirected to a different page, use your credentials to log into your online banking profile.
5. Confirm the transaction and in real time, the funds will be transferred to your casino balance.

How to Make a Withdrawal with It?

Volt certainly works great for withdrawals, too. You will basically have to go through similar steps to request a withdrawal, so the procedure won’t be difficult at all.

So, after you locate the Withdrawals section on the Cashier/Banking page, find the solution's logo once again and press it. This time, you'll just need to select your bank from the list of eligible banks, set the amount you wish to cash out, and go through the verification procedure, as prompted. The casino will receive your request and review it thoroughly, and in 24 to 48 hours, you will get your approval, if all is in order with your request, of course. Once the approval arrives, so will the money to your respective bank account, instantly.

Applicable Fees

Users, or in our case, online casino players, need to pay no fees when transacting through this secure payment gateway. Operators might need to pay some integration fees, but you should not be bothered with that.

What you should be aware of is the fact that your bank will probably charge you a fee for making the transaction via Volt. Therefore, make sure you get in touch with your bank’s representatives to find out what to expect in terms of fees.

Accepted & Restricted Countries

As you probably expected, the solution is offered in the UK and throughout Europe, but if you remember, we also mentioned that it has partnered with Pix for Brazil, so it is also available in some South American parts.

Therefore, the UK, Brazil, but also the following European countries are accepted countries: Germany, Finland, Denmark, Italy, Norway, Sweden, Spain, and Poland.

Available Currencies

The solution supports several currencies, most of which are, of course, currencies used in Europe, so you should probably be able to use your native currency when transacting with it, thus, avoiding the casino-charged currency exchange fee when depositing/withdrawing with it.

These are the UK pound, of course, the Danish krone, the euro, the Swedish krona, the Norwegian krone, the Polish zloty, the Brazilian real, and the US dollar. As you can see, most are currencies used in Europe, but you also have the BRL and USD for international transfers.

Customer Service & Support Options

If you explore Volt’s official website, you will see that it is extremely informative of the things it offers. Make sure you explore the User Terms page, to learn all about how your data is handled. You will, of course, find a Contact Support page, too, where you can connect with its Support team via email, in case you have some questions to ask or some problem that needs solving.

Naturally, you can contact your online casino's Support team, too, in case your deposit/withdrawal fails or you simply want to ask something about the solution in general.

Written by LCB latest_casino_bonuses