PayNPlay Casinos: features and models
With the OBeP “Online Banking ePayments” latest solution making its proof as a reliable payment technology, Pay and play Casinos are quickly becoming the standard in the iGaming industry. Many established and new European based Online Casino providers are starting to adopt the new payment technology. This new wave gave rise to two distinct Pay’N Play categories, respectively known as the “Pure” and “Hybrid” models.
Pure Pay N Play Model:
In this model, No Account Casinos offer a unique login feature. Only The BankId or the online banking credentials of the player can be used to login, deposit, play and withdraw funds. No registration or account is required in the pure model. To ensure continuity between paying sessions and devices, the “Continue Playing” feature has been implemented to allow players to pick up the right where the left off. Ex: Brands such as Speedy Casino is the leading brands for this model.
Hybrid Pay N Play Model:
In the Hybrid model, often found in established Casinos, Trustly is only used as an addition to the already existing conventional deposit and withdrawal methods. The BankId is linked to an existing account previously created. While players can clearly enjoy the benefits of the PayNPlay instant payments, they will still need create an account and get it verified. Ex: LeoVegas and the very popular Mr. Green Casino have both recently introduced the hybrid model.
Dealing with customer’s data integrity and security
Seen today as the future of online payments, Pay and play has been adapted by major players in the gaming industry. Trustly’s networks and robust technologies operate on an air tight loop, to limit information leaks between the payment service and its Gaming partners (Pay and Play Online Casinos). A secure and fast payment is guaranteed at all times!
The implemented security measures assure:
- A preserved integrity: Only one account permitted per user.
- Establish and confirm the physical location: Respect Countries and IP restrictions.
- Smooth transactions: The money exchanges hands flawlessly between customers and the service provider in both directions.
- Less is better: Only mandatory information is shared between customers and the casinos.
Far from being the perfect payment method, here are some pros and cons
Positive Points:
- In less than 50 seconds, deposit and start playing your favorite game for real money
- Get paid in less than 5 minutes. Before you can realize the extent of your luck, your winnings are already waiting in your bank account.
- Tax free winnings! Being European based and only working with Casino partners holder of an EU license, there is no one dipping in your cut!
- Stay low key! Avoid annoying calls, SMS, and promotional emails from the brands.
Negative Points:
- Being currently available to a select European Countries. Only users from Germany, Sweden and Finland have access to online Casinos with Pay n Play where they play without registering thanks to Trustly PayNPlay service.
Comparison Table: Trustly vs PayPal vs Neteller
FAQ:
What is a BankID?
The BankID is an electronic identification system provided by a network of major banks in northern Europe. It is used to securely identify bank account holders and, process transactions on their behalf. Ultimately, the BankId allows account holders of participant banks to make online transactions directly to, or from their local bank accounts without the need to directly share personal information with the service provider. In our case, Online Casinos.
What is the KYC (Know Your Customers) requirements and why is it important?
The KYC is a standard verification process imposed the law in many institutions. In order to benefit from online Casinos services, players are required to provide documentations such a proof identity, a proof of address as mandatory KYC documents. In certain cases, a portrait photograph (Selfie), and a proof of funds are also required to establish the client’s full identity profile. This procedure allows service providers to stay compliant with the law while avoiding forgery and fraud.
Is it possible to use different Bank credentials to play with several accounts in the same Casino?
No, it is prohibited to have more than one active account per online Casino. Trustly ensures the authenticity and uniqueness of the players profile by cross checking key information (Identity number, Age, Address…) with the Casino in the background during the login process.
Can you play with a Bonus in Pay and Play Casinos?
Yes, many Pay and Play Casinos offer Welcome bonuses, No Deposit Bonuses, Free Spins, Mach Bonuses, and other forms of incentives. Refer to the table above to claim a welcome Bonus from the featured brands.
How do Pay N Play casino Bonuses are set up? And how do you deal with the terms?
Unless advised otherwise, the bonus structure is the same as in conventional Casinos. Players may choose to either claim a bonus to match their deposits or simply play with the deposited amount. In case a bonus is used, the player is required to fulfill the bonus terms and conditions before becoming eligible to withdraw the winnings.
