Bambora was established in 2015 as a way to simplify payments for businesses. Since then, the team has grown exponentially. The service provides payment solutions in over 50 countries. Bambora has changed its name to Worldline as of September 2021. Despite the merge, the service will continue operating as usual. It continues to serve as a gateway between online casinos and local payment methods you use every day. That simplicity is why Bambora has become so popular so quickly.
The company started in Sweden and retained a focus on Nordic countries. It supports more payment methods in that region than it does for other countries. Furthermore, the platform also supports security features such as 3D Secure.
How Does Bambora Work?
Like many other payment gateways, you do not have to open a Bambora account. Instead, the process of integrating Bambora comes down to individual merchants. If it is available as a payment option, you select it and choose your standard payment method. The advantage for casinos is that they only have to support Bambora instead of various local payment methods. Both sides benefit from the convenience, and Bambora profits through the fees.
Bambora has systems to prevent fraud, blocking what it considers fraudulent transactions. That obviously benefits both online casinos and individual players.
How to Deposit with Bambora?
Depositing through Bambora is a straightforward process. Log into your casino account and open the banking or cashier page. From the deposit section, choose Bambora. The website will open a new window, where Bambora guides you to pick one of the available payment methods. Authorize the transaction using the said payment method, and Bambora will forward it to the online casino hassle-free. The funds should appear almost instantly.
How to Withdraw with Bambora?
Withdrawing funds with this payment method requires you to log into your online casino account. Open the banking page, and choose the withdraw section. Once again, select one of the available payment methods and follow the on-screen instructions. The casino will send money to Bambora, sending the funds to your chosen payment method. Wait times vary depending on which payment method you pick.
Transfer Times, Fees, and Security
Speedy transactions are part of the reason why Bambora is so famous. Casino members can expect deposits to appear almost instantly in their casino balance. Withdrawals are different since they depend on individual casinos and your chosen payment methods. However, you should not have to wait longer than a few days.
Bambora charges fees to businesses for all transactions that go through it. That means players should not have to pay any costs when depositing or withdrawing. However, some online casinos may charge players for using this payment method. Be sure to double-check for any fees before using this payment method.
The company uses 3D Secure, a security solution for online payments to prevent online card fraud. The system is designed to authenticate that the cardholder is carrying out the transaction. How this authentication happens varies between banks. The company is also PCI DSS compliant and protects merchants from chargeback claims.