UseMyBank Casinos

Overview

UseMyBank is an online banking payment system, which provides simplified and streamlined transaction services, using existing financial service providers. With the financial sector becoming more complex, companies would be willing to pay a premium for the services of online organisations which offer such services, in a simplified and hassle free manner. UseMyBank Services Inc. which is based in Toronto in Canada and was founded by Joseph Luso in the year 2002 provides just that. 

How it works

UseMyBank services are available free to buyers, but not sellers. All sellers would have to register with UseMyBank. Any buyer wishing to buy a product can click on the UseMyBank button for payment. After he/she has selected a bank the transaction may begin. To complete a transaction, UseMyBank uses GPAY of Edmonton, one of 4,000 billers in Canada which has direct biller access with Canada's big banks. UseMyBank informs the Seller, who then arranges for the physical delivery of the product/service.

All information about the buyer is confined only to the e-mail address. No personal information is shared, thereby ensuring the privacy of the buyer. The entire process of making payment does not exceed more than 5 minutes. As for the seller, he is notified online and in real-time. Coming to payments, the seller is charged on per transaction basis. So if the transaction amount is $100, the buyer is paid $99, after the 1% commission has been deducted.

Advantages

UseMyBank has some of the lowest risk factors when compared with other types of online payment. It has low fees and there are no reserves needed. UseMyBank also enables a person to conveniently connect his bank account to the online casino he wants to play at. This payment method provides a secure, reliable and easy way of transferring funds and is similar to paying with a debit card or the cash that comes out of your bank account.

UseMyBank is available to British, Canadian, and Chinese banks. The British banks that can be accessed using UseMyBank are HSBC, NatWest, Royal Bank of Scotland and the First Direct bank. Also, there are many online casinos that accept UseMyBank deposits and give big bonuses on your first deposit.

 
Conclusion

UseMyBank is one of the top online payment methods currently available. Many casino guide sites and online casinos offer special bonuses to players who select this particular option as their payment method. This means more money and an additional bonus; as a result this online merchant has become highly popular. However, although it can be said that UseMyBank is becoming widespread payment option for many players and is available in many online casinos it is still not available to U.S. players. Naturally this cuts down the number of customers for UseMyBank yet they still manage to keep a top position. UseMyBank has maintained a reputation for secure financial transactions as well as established for itself a name of trust and reliability. This medium of online payment is becoming increasingly vailable in more casinos everyday.