Targeting the Asian gambling market, iWallet offers Asian gaming aficionados the chance to easily handle their online casino deposits and withdrawals. This payment solution offers fast, secure, and convenient transactions, appealing to a large number of players who are 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 often is very well-received by Asian casino fans. This is an e-wallet service that will enable you to instantly top up your gaming account and enjoy your winnings almost as fast.
|Available in||Mostly Asian countries|
|Connecting bank card/account to iWallet||Free|
|Withdrawal balance from iWallet to your bank card/account||0.5% fee (min $35) on international bank transfers, 1.75% fee (mini $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|
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 enough, this service has concentrated 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 handle your payments via iWallet, you will have no issue depositing money into your account or requesting a withdrawal via the service. One thing to keep in mind before you proceed with using the e-wallet for your casino payments is to create an account with the service.
Creating your iWallet profile will take only a few minutes, allowing you to quickly become a member of the iWallet family. Once you create your account, you will have several options to choose from to upload money to your iWallet balance. Whenever you have topped up your e-wallet account, you will be able to use it for your casino deposits.
Initiating a casino payment via iWallet is extremely easy as all you need to do is head to the deposit section of the website, select the amount you would like to upload, and pick iWallet as your preferred option. This will prompt you to log into your iWallet account and confirm the transaction. Once you have done that, the money should be instantly available in your gaming balance.
For your convenience, you can also choose to withdraw your winnings via the service of iWallet. The entire process is just as easy as the deposit one, taking very few steps to complete the transaction. When you want to cash out your casino funds, you can select the amount you want to withdraw, select iWallet from the available options and sign in to your iWallet account. When you confirm the payment, the money will appear in your balance almost instantly or within the following 24 hours.
Conveniently enough, iWallet will spare you the trouble of utilizing different methods for your casino deposits and withdrawals. This option will enable you to quickly handle your bankroll and the best part is that you will not be charged any fees on the 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 type of payment solution to utilize for your casino transaction is to compare the strong and weak points of the service. Like any other payment method, iWallet has both advantages and disadvantages and it is up to you to decide whether the positives will overhaul the lacking points of this e-wallet service.
Starting from the strong features of iWallet, we can say that the service is extremely easy to use and eliminates the inconvenience of looking for different options when you want to make deposits and withdraw your winnings from an online casino. As 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 through iWallet is yet another of the service’s advantages. Whenever you decide to deposit via this e-wallet, you will be able to instantly transfer money to your gaming balance. This means that you will always be able to enjoy your favorite casino games as soon as you complete your deposit payment. What is more, whenever you decide to withdraw your winnings, iWallet will be one of your fastest options to enjoy your casino money.
Since Asian players cannot rely on as many payment solutions as casino fans from other parts of the world, having the option to utilize the service of 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 will be able to open your account for free. What is more, maintaining your e-wallet and utilizing 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 huge fees for your transactions.
Even though iWallet is focusing on the Asian market, it is also 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 positives of the service is also one of its lacking sides. As iWallet mainly caters to users based in Asian countries, it is not that popular at many online casinos. This means that players might have a difficult time finding a trustworthy casino where they can handle their payments via iWallet.
While iWallet promotes itself as an e-wallet that can be activated without going through a verification process, that is not entirely true. If you do not provide documents to prove your identity, you will have a set limit for your transactions and will not be able to transfer more than $1,000, which is not a limit per single day or month but a cumulative sum for all of your iWallet payments done without verifying your account.
iWallet Pros and Cons
Fees for iWallet Gambling Transactions
As mentioned in the section on the advantages and disadvantages of the service, many might enjoy the service of iWallet as it offers budget-friendly payments. As players are not required to pay huge fees for their casino payments, they can enjoy their wagering time without worrying about the extra cost of their deposits and withdrawals.
Generally speaking, online casinos do not impose any surcharges on transactions initiated via iWallet. Of course, you are advised to always check the policy of the virtual casino you have chosen to play at. Make sure that there are no hidden fees before you proceed with your payments via iWallet. When you use the e-wallet service for your casino payments, you also do not need to worry about any fees charged on the behalf of iWallet.
You will be able to open your iWallet account for free and you will be charged no maintenance fee for keeping your profile running. Keep in mind, however, if your account has not been active for the last 180 days, you will be charged a maintenance fee of $20. If you decide to close your account, you will be charged a fee of $5.
Charging your iWallet balance with money will also be free of charge. However, if the transaction is made from one personal iWallet account to another personal iWallet account, a 0.5% fee per transaction will be levied. Withdrawing funds from your iWallet account will impose a 0.5% fee (minimum $35) on international bank transfers and a 1.75% fee (minimum $5) on iWallet prepaid card transfers.
|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|
Processing Time with iWallet
Like other e-wallet services, iWallet also 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 far from the only method that enables fast deposits, iWallet will also allow you to make real-money wagers as soon as you initiate the payment. With money appearing almost immediately in your gaming account, the iWallet service is a very convenient option for your casino deposits.
When it comes to casino withdrawals, you will be able to enjoy your winnings in no time as iWallet allows extremely fast casino cashouts. Keep in mind that it is not possible for iWallet withdrawals to be as fast as deposits since the virtual casino will first need to approve your withdrawal request. This process may take between 24 to 48 hours, depending on the policy of the online casino. That said, once the withdrawal is approved the money should be transferred to your e-wallet account instantly or within the following 24 hours in the worst case.
Funding your iWallet account will also be a fast process, allowing you to be ready for your casino endeavors at any time. If you resort to an international wire transfer for the deposits to your iWallet account, it will take about one day to see the money in your e-wallet balance. If you are transferring money to your account via a domestic bank transfer it may take between 3 to 5 business days for your funds to appear in your iWallet balance. The fastest way to fund your iWallet account is through a debit/credit card, with such transactions being 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|
As mobile casinos are getting a preferred way to enjoy one’s favorite casino games, mobile payments have become extremely important. If you want to deposit into your gaming account even when you are on the move, playing on your smartphone, you will be able to top up your casino profile via iWallet. Requesting a withdrawal via the same digital wallet service via your mobile device will also be a cakewalk.
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 load your e-wallet via the browser app on your smartphone. By accessing your iWallet account on the go, you will be able to load funds to your wallet or check your available balance at any time and place.
Whenever you play on the go, you will also be able to confirm your deposits and withdrawals via iWallet with just a few taps on the screen of your phone. Casino payments will be processed the same way they have been happening while you play on a desktop device. When you initiate a transaction via iWallet, you will be required to sign in to your e-wallet account by providing your log-in details. Even if you go through this step on your smartphone, you can be sure that the information you provide to access your iWallet account will be encrypted and properly protected.
With just a few taps on the screen, you will be able to verify your casino deposits and withdrawals. This will enable you to handle your gaming funds at any time and place and continue making real-money casino wagers no matter where you are.
One thing to keep in mind while you are initiating your casino payments on the go is the network your device is connected to. Even though the security tool implemented by iWallet will protect your sensitive information even while you make payments on the go, you must be sure that you are connected to a trustworthy WiFi network or you are using the mobile data network of your own smart device.
|iWallet Mobile Payments|
Security at iWallet Online Casinos
Playing at a fair and safe virtual casino is a top priority for players and they must be sure that they can also trust the payment solution they are using to fund their casino accounts. Those who decide to resort to the digital wallet payments carried out through the system of iWallet will be able to handle their casino transaction in a secure manner.
Instead of providing any banking details to virtual casinos, iWallet users are simply logging into their e-wallet accounts to verify payments, making one’s casino transactions a lot more secure. Even while you are entering your sign-in details to access your e-wallet account any type of sensitive information will be encrypted. This ensures that unauthorized persons and third parties will not have access to your personal information.
Benedo LLC is the company that owns and operates iWallet and its services. The data that is 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 will have access to your sensitive information.
Benedo LLC conducts standard verification processes for iWallet users, making sure they meet Customer Due Diligence requirements. To verify their accounts, new users are required to provide copies of their ID and documents that prove their address. Only after these documents are carefully reviewed do new account holders have their profiles verified.
iWallet Casinos FAQs
What Are the Currencies Supported by iWallet?
To cater to numerous different users, iWallet supports 12 different currencies. When you create your account, you will be able to set up your iWallet balance in USD, EUR, GBP, JPY, SGD, HKD, CNY, IDR, PHP, MYR, THB, or VND. You can set up your casino account and iWallet balance in the same currency to avoid any currency conversion taxes during payments to or from the casino.
Can I Use iWallet for My Casino Payments If I Am Not Based in Asia?
While iWallet is supported in several different countries outside Asia, the service is mainly focusing on offering smooth payments to its Asian customers. This is why it may be difficult to find an online casino license for non-Asian players where iWallet can be utilized for deposits and withdrawals.
Are There Any Bonus Restrictions on Deposits via iWallet?
No. In most cases, all casino promotions will be available to players who deposit to their casino accounts via iWallet. That said, it is always advised to read the terms and conditions of every casino offer before you redeem it. Some gaming sites may have method-specific promotions that may exclude iWallet users.
Can I Use My iWallet Without Verifying My Account?
Generally speaking, new users can make payments via their newly opened account at iWallet without going through the verification process. That said, there is a cumulative limit on transactions for unverified account holders who are not allowed to transfer more than $1,000 if they do not verify their account.
How Can I Withdraw Funds from My iWallet Account?
You can cash out money from your iWallet balance either via a bank transfer or your special iWallet prepaid card. Once you open your iWallet account and verify your identity, you can request your iWallet prepaid card. This card can be used for offline and online purchases as well as ATM withdrawals.
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Find the answers of questions people asked so far:
What is the transaction limit if I do not verify my iWallet account?
When you first create your iWallet account, you will be sent an email containing a link requesting you to go through a KYC process to verify your account. If you do not provide the required documents to verify your identity, the payout limit of $1,000 will be imposed on your iWallet account. In order to remove the payout limit and enjoy full account services, you will need to complete the KYC verification. Once you provide the required information and copies of documents, it may take between one and two business days to get your iWallet account verified. After that, the payout limit will be lifted from your iWallet balance and you will have full access to the services of iWallet.
How many methods can I resort to when I wish to upload money to my iWallet account?
While other e-wallet services allow multiple ways to fund your accounts, iWallet has a limited number of deposit options. That said, all of them are fast, reliable, and extremely secure. One of the options is using an international wire transfer, which means that iWallet users will be using their accounts at international banks to transfer money into their iWallet balances. Meanwhile, there is also the alternative to make a domestic wire transfer if you have an account at a local bank. The process is significantly faster and may spare you some additional fees that international banks may impose. Lastly, iWallet users can use credit or debit cards to deposit money into their digital wallets, with this deposit method being the fastest.