Withdrawing Money at the UPayCard Casinos
The product known as UPayCard is a multi-currency card designed for businesses and ordinary consumers. Users of electronic wallets were the first to receive UPayCard from UnionPay. Within a year, the companies managed to expand the audience of prepaid cards not only in the UK but also throughout Europe. Online casinos started to accept this payment and withdrawal method as well. The service gives players many advantages, including fast and secure transactions with really low fees.
Opening an Account with UPayCard
It starts with opening an official company’s website and filling out the required form. It will not take a while. New users have to provide their name, address, phone number, and email address. Users may additionally need to provide a government-issued ID when verifying their accounts to meet all KYC and AML standards.
A user gets their card details by email and can use them to make deposits and payments or request withdrawals at any online store and casino websites. Just keep in mind that balances aren’t linked, so recharge the cards before using them.
How to Withdraw with UPayCard?
It is enough to go to the Cashier section of the chosen online casino. Pick UPayCard from the list of options. Then, sign into the e-wallet and specify how much of the winnings the system should cash out.
The transaction often takes place immediately after the request is sent. It is important to check the higher withdrawal limit for the particular casino as it is impossible to withdraw more than, for example, $4,000 per day. In rare cases, the gambling platform may ask for additional details. A player then may have to wait for a confirmation a bit longer than expected. The entity needs extra info to see whether the player requests money obtained as a bonus.
A casino might also check whether the wagering requirements have been met. UPayCard will process the transaction immediately if all conditions are met, as this payment solution provides the fastest payouts.
Are commissions charged when cashing out winnings using this service? Yes, just like any other payment method, although most withdrawals via UPayCard are free. Those living on the European Union territory will have to pay a fee of ten euros, while the non-EU residents face a higher withdrawal commission – twenty-five euros. They can also pay the equivalent in another currency. Anyway, the fee is charged for direct bank transfers.
Transfer Time, Fees, & Security
Waiting times are kept to a minimum, and player transfers are processed instantly. The additional verification procedures can be the only obstacle.
The UPaycard service is totally secure. They stand for rapid FCA-regulated transactions in both fiat and digital currencies. They apply both high-end encryption and two-factor authentication.
Fees are assessed when using the service, but they are designed to cover only the necessary costs associated with fund transfers and international online transactions.
How secure is UPayCard?
The company has been authorized and regulated by the UK Financial Services Authority
What is the primary advantage of UPayCard?
You can use the UPayCard as a virtual prepaid card and an e-wallet.
Are there any fees in UPayCard?
When withdrawing winnings, mind that there are small fees, but they still accrue.
What countries do not accept UPayCard?
The US, Bahrain, Aruba, Afghanistan, North Korea, American Samoa, Moldova, and Angola.