FunFair Applies for Isle of Man Blockchain Licence
August 15, 2019
FunFair Technologies has applied to Isle of Man Gambling Supervision Commission for an inaugural Token Based Software Supplier Licence.
Online casinos that accept SEPA transactions. Check out the top SEPA casinos.
Despite the popularity of banking methods of credit/debit cards, e-wallets, and cryptocurrency, bank transfer remains to be a widely used payment channel for casino gamers. One of these popular bank transfers is SEPA. Also known as Single Euro Payments Area, this method allows gaming hubs to take payments directly from players quickly and securely.
To make a deposit through SEPA, bettors must first provide information to their chosen betting site. This includes IBAN, BIC, or SWIFT numbers associated with their bank accounts. After confirming the payment, the deposit will be processed within three to five business days. The process is also the same for withdrawals.
It is important to note that SEPA is available only in European countries. Bettors can still use bank transfers, though, through methods like ACH and BACS. But again, these methods are available only in their respective countries.