Targeting the Asian gambling market, iWallet offers Asian gaming enthusiasts the chance to easily handle their online casino deposits and withdrawals. This payment solution provides fast, secure, and convenient transactions, appealing to many players looking for hassle-free options for their online payments.
It is rare to see online casinos that support payment options for Asian players, so having the chance to use iWallet is often welcomed by Asian casino fans. This e-wallet service enables you to instantly top up your gaming account and enjoy your winnings almost as quickly.
| iWallet Summary | |
|---|---|
| Available in | Mostly Asian countries |
| Website | www.iwl.hk |
| Connecting a bank card/account to iWallet | Free |
| Withdrawing balance from iWallet to your bank card/account | 0.5% fee (min $35) on international bank transfers, 1.75% fee (min $5) on iWallet prepaid card |
| Pay to online merchants | Free |
| Available for deposit | Yes |
| Available for withdrawal | Yes |
| Usual deposit time in online casino | Instant |
| Usual withdrawal time from online casino | Up to 24 hours |
| Live chat | No |
| Telephone support | No |
| E-mail support | cs@iwl.world |
Utilizing iWallet for your casino transactions offers various perks that other payment solutions cannot provide, at least not to players based in Asian countries. Luckily, this service has focused on the Asian market, offering easy and safe online payments to its users.
Using iWallet for Gambling Transactions
If you have found the right gaming site where you can use iWallet, you will have no issue depositing money into your account or requesting a withdrawal. Before you proceed with casino payments, remember that you must first create an iWallet account.
Creating your iWallet profile will take only a few minutes, allowing you to quickly become a member of the iWallet family. Once your account is ready, you will have several options to upload money to your iWallet balance. After you top up the e-wallet, you can use it for casino deposits.
Initiating a casino payment via iWallet is extremely easy. Simply head to the deposit section of the website, select the amount you would like to upload, and pick iWallet as your preferred option. You will then be prompted to log in to your iWallet account and confirm the transaction. Once completed, the money should be instantly available in your gaming balance.
For your convenience, you can also withdraw your winnings via iWallet. The process is just as easy as depositing, requiring only a few steps. Choose the amount you want to cash out, select iWallet from the available options, and sign in to your account. After you confirm the payment, the money will appear in your balance almost instantly or within the next 24 hours.
Fortunately, iWallet spares you the trouble of using different methods for deposits and withdrawals. This option enables you to quickly manage your bankroll, and the best part is that you will not be charged any fees on behalf of the casino or the payment service.
| iWallet Gambling Transactions | |
|---|---|
| Supported transactions | Deposits and withdrawals |
| Deposit pending time | Instant |
| Withdrawal pending time | Up to 48 hours |
| Additional security | SSL encryption |
Advantages and Disadvantages of Using iWallet as a Payment Method
The best way to decide whether iWallet is the right payment solution for your casino transactions is to compare the service’s strong and weak points. Like any other payment method, iWallet has both advantages and disadvantages, and it is up to you to decide whether the positives outweigh the drawbacks of this e-wallet service.
Starting with the strong features of iWallet, the service is extremely easy to use and eliminates the inconvenience of looking for different options when you want to make deposits or withdraw your winnings from an online casino. Because this payment option is available for both types of transactions, it allows hassle-free payments and smooth management of one’s casino bankroll.
The speed of transactions carried out through iWallet is another advantage. Whenever you deposit via this e-wallet, the money is instantly transferred to your gaming balance. This means you can enjoy your favorite casino games as soon as you complete the deposit. Moreover, whenever you decide to withdraw your winnings, iWallet is one of the fastest options available.
Since Asian players cannot rely on as many payment solutions as casino fans from other parts of the world, having the option to use iWallet is very convenient. Catering mainly to Asian customers, this digital wallet enables fast, secure, and budget-friendly online payments, including those to or from interactive casinos.
If you decide to become an iWallet member, you can open your account for free. What is more, maintaining your e-wallet and using it for your payments will be extremely cost-effective. Most virtual casinos do not impose fees on deposits or withdrawals via iWallet, and the payment service itself also will not require you to pay high fees for your transactions.
Even though iWallet focuses on the Asian market, it is authorized to conduct payment services in many other countries. This means that players who reside outside Asia may also be able to handle their casino payments via iWallet.
Unfortunately, one of the service’s advantages is also a drawback. As iWallet mainly caters to users based in Asian countries, it is not very popular at many online casinos. Players might therefore have a difficult time finding a trustworthy casino that supports iWallet.
While iWallet promotes itself as an e-wallet that can be activated without verification, that is not entirely true. If you do not provide documents to prove your identity, your transactions will be limited, and you will not be able to transfer more than $1,000 in total without verifying your account.
iWallet Pros and Cons
Fees for iWallet Gambling Transactions
As mentioned in the advantages and disadvantages section, many players appreciate iWallet because it offers budget-friendly payments. Since players are not required to pay high fees for their casino transactions, they can enjoy wagering without worrying about extra costs.
Generally speaking, online casinos do not impose any surcharges on transactions initiated via iWallet. Of course, you should always check the policy of the virtual casino where you play. Make sure that there are no hidden fees before you proceed with payments via iWallet. When you use the e-wallet for casino payments, you also do not need to worry about any fees charged on behalf of iWallet.
You can open your iWallet account for free, and there is no maintenance fee for keeping your profile active. Keep in mind, however, that if your account has been inactive for 180 days, you will be charged a maintenance fee of $20. If you decide to close your account, a fee of $5 applies.
Topping up your iWallet balance is also free of charge. However, if a transaction is made from one personal iWallet account to another, a 0.5% fee per transaction will be levied. Withdrawing funds from your iWallet account incurs a 0.5% fee (minimum $35) on international bank transfers and a 1.75% fee (minimum $5) on iWallet prepaid card transfers.
| iWallet Fees | |
|---|---|
| Gambling deposit fee | Free |
| Gambling withdrawal fee | Free |
| Bank account deposit fee | Free |
| Bank account withdrawal fee | 0.50% |
| Credit/debit card deposit fee | Free |
| Credit/debit card withdrawal fee | N/A |
| Maintenance fee | Free |
Processing Time with iWallet
Like other e-wallet services, iWallet prides itself on speedy transactions. This enables casino players to top up their gaming balances instantly and enjoy their winnings in no time. While this is not the only method that enables fast deposits, iWallet allows you to make real-money wagers as soon as you initiate the payment. With money appearing almost immediately in your gaming account, iWallet is a very convenient option for casino deposits.
When it comes to withdrawals, you will be able to enjoy your winnings quickly because iWallet supports extremely fast cashouts. Keep in mind that withdrawals cannot be as fast as deposits, since the virtual casino must first approve your request. This process may take 24 to 48 hours, depending on the casino’s policy. That said, once the withdrawal is approved, the money should be transferred to your e-wallet account instantly or within the next 24 hours at the latest.
Funding your iWallet account is also fast, allowing you to be ready for casino play at any time. If you use an international wire transfer to fund your iWallet account, it will take about one day for the money to appear in your balance. Domestic bank transfers may take between 3 and 5 business days. The fastest way to fund your iWallet account is through a debit or credit card, with such transactions processed instantly.
| iWallet Processing Times | |
|---|---|
| Gambling deposit time | Instant |
| Gambling withdrawal time | Up to 24 hours |
| Bank account deposit time | 1 day for international transfers; 3-5 days for local transactions |
| Bank account withdrawal time | Depends on bank |
| Credit/debit card deposit time | Instant |
| Credit/debit card withdrawal time | N/A |
Mobile Payments
As mobile casinos become a preferred way to enjoy casino games, mobile payments have become extremely important. If you want to deposit into your gaming account while on the move, you can top up your casino profile via iWallet. Requesting a withdrawal through the same digital wallet on your mobile device will be just as easy.
Unfortunately, iWallet does not offer a dedicated app that can be installed on smart devices. Despite that, the service’s website is fully optimized to run on almost any mobile device, allowing you to access your e-wallet through your smartphone’s browser. By logging in on the go, you can add funds to your wallet or check your balance anytime, anywhere.
Whenever you play on the go, you can confirm deposits and withdrawals via iWallet with just a few taps on your phone’s screen. Casino payments are processed the same way they are on a desktop device. When you initiate a transaction via iWallet, you must sign in to your e-wallet account by providing your login details. Even on a smartphone, the information you provide is encrypted and properly protected.
With just a few taps, you can verify your casino deposits and withdrawals. This enables you to manage your gaming funds at any time, in any place, and continue making real-money wagers wherever you are.
One thing to keep in mind while initiating payments on the go is the network your device is connected to. Although the security tools implemented by iWallet protect your sensitive information, you should ensure you are connected to a trustworthy Wi-Fi network or using the mobile data network of your own device.
| iWallet Mobile Payments | |
|---|---|
| Apple Pay | No |
| Google Pay | No |
Security at iWallet Online Casinos
Playing at a fair and safe virtual casino is a top priority for players, and they must also trust the payment solution they use to fund their accounts. Those who choose digital wallet payments through iWallet will be able to handle their casino transactions securely.
Instead of providing banking details to virtual casinos, iWallet users simply log in to their e-wallet accounts to verify payments, making transactions much more secure. While you enter your sign-in details, all sensitive information is encrypted. This ensures that unauthorized persons will not have access to your personal data.
Benedo LLC is the company that owns and operates iWallet. The data shared with the company is protected with industry-standard technology and tools such as SSL encryption and firewalls. Your personal information is stored on servers that meet the industry’s standards, ensuring that no unauthorized third parties can access your sensitive data.
Benedo LLC conducts standard verification processes for iWallet users, making sure they meet Customer Due Diligence requirements. To verify their accounts, new users must provide copies of their ID and documents that prove their address. Only after these documents are carefully reviewed are new accounts verified.
| iWallet Security | |
|---|---|
| Passcode | No |
| Fingerprint | No |
| FaceID | No |
| Two-factor authentication | No |
| Trusted devices | No |
| IP Restrictions | No |