About Rapid Transfer
Rapid Transfer isn’t a separate payment system, but as an electronic payment system, which several payment systems use. Using this service makes it easy to transfer money from a bank account to a payment system wallet. And already money is sent from him either to pay for the purchase in the store, or to the account in the casino, or in another direction.
The essence of this system is to speed up the process of sending money from a bank account to a payment system wallet as much as possible. Using Rapid Transfer you can pay for purchases and replenish your account at the casino. Money from a bank account comes instantly, while the user will have to go through a minimum of authorizations.
It is in reducing the time to make a payment that Rapid Transfer exists. Reliability and safety are not affected.
In 2016, the Scrill payment system introduced this technology, and Neteller also has Rapid Transfer support. Judging by the feedback of customers who used this electronic payment system, there is practically no delay, 1-2 seconds and the money has already been transferred from the bank account to the seller’s details or your wallet in the payment system.
This technology is available mainly in Europe. At the moment, its support has been implemented in Italy, Germany, France, Sweden, Poland, Norway, Austria, and other EU countries.
Advantages and disadvantages of the payment provider
Advantages:
- reliability and safety. Used by VerySign and SSL to ensure payment security;
- high speed and simplicity. There are no delays, in comparison with other methods Rapid Transfer gives the highest speed of funds transfer;
- lack of commissions. Recall – this is not a separate payment system, but the technology used by different EPS. So you only have to pay the commission that the payment system deducts from customers.
Disadvantages:
- lack of support in a number of countries;
- not all casinos support this method of depositing money.
Conclusion
Rapid Transfer is an excellent technology that accelerates the sending of money from a bank account to the seller’s details. It is supported by many payment systems, the system is being introduced in online casinos.
So far, support for Rapid Transfer is not implemented in all casinos, and this only prevents it from being used to replenish accounts everywhere. For European countries, this is an excellent replenishment method; for other regions, it is better to choose a different method, more universal.