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Volt Casino Pros and Cons
Pros
- Open banking solution
- High security
- Do not share your personal information
- No fees for transactions
- Great for both small and big deposits
- Available for withdrawals
Cons
- Not widespread in online casinos worldwide
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What is the Volt Casino Payment Method?
Volt was established in 2019 as a revolutionary payment processing service that uses the most cutting-edge capabilities made possible by Open Banking PSD2 regulation advancements and European initiatives. By enabling devoted customers to instantly begin direct payments from their accounts to online services and goods, the service enables businesses to enhance digital sales and customer retention.
In short, Volt is a payment method similar to the better-known open banking solution Trustly, and the payment process works very similarly. You don't need to create an account with Volt to use it. Instead, you log in with your online banking credentials, and the deposit goes straight from your bank account.
Compared to a regular bank transfer, which is a slow process that often takes days, Volt acts as an intermediary and completes the transaction instantly. Their service also adds an extra layer of security as it does not share your personal information with the online casino, making it perfect for online transactions.
Volt Casino
Many casino players and sports bettors are looking for new ways to fund their casino balances without manually entering card numbers, expiry dates and CVV codes. Instant payments are the solution they have all been waiting for. Volt is a pioneer in offering an open payment gateway that allows instant bank transfers in an online casino Europe.
This surely sounds great, but is Volt Casino really one of the most convenient banking methods you can use for online gambling and sports betting? You will find the answer to this question if you read on. We have zoomed in on Volt as a payment method, compiled a comprehensive review, and included a Volt casino top list.
Do All Online Casinos Accept Volt?
Volt allows you to transfer money from your bank account to an online casino. Open banking and instant account-to-account (A2A) transactions are relatively new. However, online casinos are known for not being afraid to implement innovative payment solutions.
Volt is among these pioneering services that aim to transform the way money circulates globally. But the method is still not as widely accepted as other PSPs, such as Trustly. Today, you will find many more casinos with Trustly than Volt.
However, we dug deep and found casinos with Volt on their banking pages. You can find these in our top list at the top of this page. You can choose the casino that appeals to you most and see if it meets all your requirements. You can create an account and enjoy the games if it does.
Why Choose a Volt Online Casino?
There are many reasons why you should choose an online casino that accepts Volt. Below are some key reasons:
- Instant Deposits and Withdrawals: One of the key advantages of choosing Volt as your payment method is the speed of transactions. With Volt, you can enjoy instant deposits and withdrawals, allowing you to start playing or cash out your winnings without any delays.
- Enhanced Security: A Volt online casino provides a secure and encrypted platform for all financial transactions. By choosing Volt as your payment method, you can have peace of mind knowing that your personal and financial information is safe and protected.
- No Additional Fees: Unlike some other payment methods, Volt does not charge any additional fees for deposits or withdrawals. You can fully enjoy your gaming experience without any unexpected or hidden costs.
- Accessibility and Convenience: Volt offers an easy and convenient way to manage your funds. You can access your Volt account anytime, anywhere, and make payments with just a few clicks. It eliminates the need for carrying cash or dealing with physical cards.
- Streamlined Verification Process: Volt Online Casino has a streamlined verification process, making it quicker and easier for you to get started. You don’t have to go through lengthy verification procedures, allowing you to focus on enjoying your favourite casino games.
- Globally available: Volt is currently available to gamblers from more than 25 countries and is rapidly increasing its global reach. Some of their focus areas are the UK and European countries, but they have recently made a leap to Brazil and other countries in Latin America.
The biggest hurdle to Volt is the fact that not all casino sites online yet use it. However, as the popularity increases, more and more gambling sites will slowly make this option available.
How to Make a Volt Deposit?
Making a deposit using Volt at an online casino is a simple and straightforward process. Here’s a step-by-step guide on how to make a Volt deposit:
- Register an Account: If you haven’t already, sign up for an account at the online casino that accepts Volt as a payment method. Provide the necessary information and create your account.
- Log In: Once you have successfully registered, log in to your online casino account using your username and password.
- Navigate to the Deposit Section: Find the “Deposit” or “Cashier” section in your online casino account. This is typically located within the main navigation menu or in a prominent area of the website.
- Select Volt as the Payment Method: In the deposit section, you will see a list of available payment methods. Look for Volt or any option that mentions it. Click on the Volt payment method to proceed.
- Enter the Deposit Amount: Next, you will be prompted to enter the amount you want to deposit. Make sure to enter the desired amount, keeping in mind any minimum or maximum deposit limits set by both the online casino and Volt.
- Confirm and Authenticate the Deposit: After entering the deposit amount, you will be directed to the Volt payment gateway. Here, you may need to authenticate the transaction using your Volt account details or any other authentication method specified by Volt.
- Complete the Deposit: Follow the instructions provided by Volt to complete the deposit process. This may include verifying your transaction details and confirming the payment.
- Return to the Online Casino: Once the deposit is successfully processed, you will be redirected back to your online casino account. The deposited amount should now be available in your casino balance, ready to be used for playing games.
Remember to keep an eye out for any deposit bonuses or promotions that may be available for Volt deposits. Some online casinos offer additional incentives for using certain payment methods.
If you encounter any issues or have any questions during the deposit process, don’t hesitate to reach out to the customer support team of both the online casino and Volt for assistance.
About Volt
Volt Technologies Ltd is a fintech registered in the UK under company number 12140559. The company is headquartered in London and has offices in the Netherlands (Amsterdam) and Poland (Kraków).
In the UK, Volt is authorised by the Financial Conduct Authority (FCA) to offer payment initiation services. To this end, the company is an appointed agent of several payment institutions in the European Union. These are Safe Connect UAB, a subsidiary of Yapily Ltd, which holds a payment institution licence issued by the Bank of Lithuania, Token GmbH, licensed in Germany, and Neonomics AS, which is regulated in Norway.
The company was founded in 2019 by Tom Greenwood, the CEO of Volt. Since then, the fintech has positioned itself among the leading digital payment gateways in Europe, and is comfortably competing against giants like iDEAL casinos. In January 2020, Volt received £1 million in seed funding from Fuel Ventures, and in November the same year, the first merchants were onboarded and went live. In June 2021, Volt received record-breaking Series A funding of $23.5 million to expand its operations.
Volt entered the online gaming industry in August 2021 after partnering with iGaming-focused payment gateway MoneyMatrix. Following this deal, online casinos with Volt began to emerge. Finally, the fintech reached another major milestone in November 2021 when it launched PIX in Brazil.
Who Can Use Volt?
Volt’s intelligent real-time payments network provides seamless access to open banking payments across Europe and other parts of the world.
Since 2016, when PSD2 came into force, the open banking programme has managed to join 5,000+ banks in Europe and the UK. It means you will have no problem finding your local bank when making a deposit with Volt Casino. More than 5 million people in the UK alone, for example, already use open banking services.
Some of the banks you can use with the Volt platform include:
- Holm Bank
- Swedbank
- Nordea
- Nordnet
- Revolut Bank
- Santander
- Starling Bank
- HSBC
- Barclays
- Credit Agricole
- Societe Generale
The company says its services accept 680 million bank accounts from 25 countries. Most of these are SEPA countries, including the UK. SEPA, or Single European Payments Area, simplifies banking transactions in euros. Since November 2021, Volt has been available in the Brazilian market after joining PIX. We can therefore conclude that Volt is targeting EU countries, the UK and Latin America.
How Volt Works
Volt is an intermediary between your bank account and the casino’s payment page. Once you request a transaction, Volt connects your payment account to the merchant’s bank, facilitating immediate settlement. The platform allows casinos to accept payments seamlessly and in real-time without waiting days, like transactions using bank transfers.
Volt is a B2B (business-to-business) solution that requires online merchants to join the network and integrate Volt’s streamlined omnichannel checkout. They can offer casino players and gamblers a single access point for account-to-account payments that are processed within seconds.
You, as a player, just need to have a bank account at a financial institution that supports open banking. Compared to when play9ing in PayPal casinos, no Volt account is needed prior to using it. You simply use your bank credentials when paying.
Check if Your Local Bank Accept Open Banking
We have already mentioned that more than 5,000 financial institutions in the EU and UK allow instant A2A transactions. Moreover, Volt is now working with PIX in Brazil, so the number of banks is increasing.
To make sure you can make direct payments from your bank account at casinos that accept Volt, you should contact your bank to find out if it allows open banking.
Tips
Make sure you have enough money in your bank account to avoid inconvenience when you visit the deposit section of the casino. Nobody likes to put off enjoyable experiences, so make all preparations in time.
Volt Online Casino Withdrawals
You can use Volt to withdraw your winnings just as easily as you deposit. Volt does not charge any withdrawal fees, but the casino might, so we recommend you check this out before you even deposit.
One of the advantages of gambling in Volt casinos is that you can withdraw your winnings directly to your bank account without any hassle. All transactions are instant, so compared to regular bank transfers, you will receive your money much faster.
Remember that some processing time by the online casino is to be expected, as they need to approve your withdrawal request before the transaction goes through. If this is your first withdrawal, you might need to verify your identity first, which can take additional time. We recommend you look at our guide about fast withdrawal online casinos to get tips on speeding up the process.
Volt Casino Bonus
If the online casino you are interested in offers Volt as a payment method, you should check the bonus terms and conditions to see if Volt is an eligible payment method for claiming the bonus. It normally is, as e-wallets like Skrill and Neteller are commonly the only payment options with limited bonus possibilities.
Still, some online casinos may offer specific bonuses or promotions for players who use Volt to make deposits, while others may exclude it from bonus offers. In any case, it is always a good idea to carefully read and understand the terms and conditions for any casino bonuses before claiming them, regardless of the payment method used to make the deposit. This can help avoid any confusion or misunderstandings later on.
If you enjoy getting the most out of your bonuses, Volt is a great alternative for both small and big deposits.
Security at Volt Casinos Online
Volt is a highly secure option for making deposits at online casinos, providing a safe and reliable payment method for gambling activities. Here are some key reasons why Volt is considered a secure option:
- Encryption Technology: Volt utilizes advanced encryption technology to protect your personal and financial information. This encryption ensures that your data is securely transmitted and stored, safeguarding it from unauthorized access.
- Secure Transaction Processing: When you make a deposit using Volt, the transaction is processed through a secure payment gateway. This ensures that your payment details are handled in a protected environment, reducing the risk of any fraudulent activities.
- Strong Authentication Measures: Volt employs strong authentication measures to verify your identity and authorize transactions. This adds an extra layer of security, ensuring that only authorized individuals can access and use your Volt account for making deposits.
- Compliance with Regulatory Standards: Volt complies with industry regulations and standards to ensure the security of its payment services. The company adheres to strict guidelines and undergoes regular security audits to maintain a high level of protection for its users.
- Anti-Fraud Measures: Volt implements robust anti-fraud measures to detect and prevent fraudulent activities. This includes monitoring and analyzing transactions in real-time to identify any suspicious behaviour and take appropriate actions to mitigate potential risks.
- Dispute Resolution: In the unlikely event of any issues or disputes related to your Volt deposit, the company provides a dedicated customer support team to assist you. They are available to address any concerns and help resolve any problems that may arise.
It’s important to note that while Volt is a secure payment method, the overall security of your gambling experience also depends on the reputation and security measures taken by the specific online casino you choose to play at. You should take care to only select the most honest online casino sites. It’s advisable to select licensed and regulated online casinos that have robust security protocols in place to ensure the safety of your funds and personal information.
FAQs
Is it safe to use Volt?
Yes, it is a British company with the necessary licences and is a highly secure option for gambling. It employs advanced encryption technology, secure transaction processing, strong authentication measures, and compliance with regulatory standards to protect your personal and financial information.
Is Volt the same as Trustly?
Volt and Trustly are two different payment methods. However, both are open-banking payment methods, and they work very similarly. Trustly is the more established brand and is, therefore, more widely available than Volt.
Where can I use Volt?
Volt can be used in multiple countries, including the UK, Poland, Brazil, Sweeden, Norway and Denmark, to mention a few.
Are all currencies supported?
Volt is currently accepting the following currencies: EUR, GBP, PLN, BRL, NOK, SEK and DKK. Open banking does not support currency exchanges.
Are there any fees for using Volt for deposits at Volt Online Casino?
No, there are normally no additional fees for using Volt for deposits at a Volt casino online. You can enjoy the convenience of making deposits without any unexpected or hidden costs. However, keep in mind that this can depend on the casino you choose as some of them might have fees.
What should I do if I encounter any issues or have questions related to Volt?
If you encounter any issues or have questions related to Volt, Volt Online Casino provides dedicated customer support. Their friendly and knowledgeable team is available 24/7 to assist you and ensure a smooth payment experience.