Inpay was formed in 2008 as an alternative way to carry out international payments. The company’s headquarters are in Copenhagen, making Inpay an authorized payment institution in the EU. Inpay is licensed and regulated by the Danish Financial Security Authority, or FSA. The company is part of SWIFT and adheres to all national and international standards and regulations.
Inpay has a rigorous risk management program in place. This program, combined with in-depth profiling and background checks, ensures the company’s security protocols are top-notch. Inpay handles international payments with the assistance of partner banks. Players get to use familiar financial institutions and currencies, removing the hassle of conversion rates from the mix.
How Does It Work?
The company acts as an intermediary between banks, offering users a safe and convenient way to pay internationally. Customers deposit through their bank, using their local currency. Inpay registers the payment and releases an equivalent sum to the vendor in another country in their local currency. The system decreases the complications of international transactions for the end-user, which is a major plus.
Over 100 countries support Inpay at the time of our review. Average payout times using this payment method take around thirty minutes. Thanks to these features, Inpay has grown into a large company with a global presence. It was even named one of the fastest-growing European companies by the Financial Times in 2021!
How to Deposit with Inpay?
Using Inpay to deposit money is very simple. Go to your chosen online casino and log into your account. Then, open the cashier or banking page and pick Inpay as your casino payment method. Inpay will let you select your bank and country and let you connect to it. You can use your local bank’s online bank page to carry out the transaction. Once the transaction goes through, the funds will instantly appear in your online casino account.
How to Withdraw with Inpay?
Inpay does not support withdrawing money using its payment method. If you want to cash out your winnings, you will need to use a different banking method. This is the most inconvenient thing about Inpay and the sole reason you might not want to use it.
Transfer Times, Fees, and Security
The upside of using Inpay as a deposit method lies in the fast transfer times. The money becomes instantly available in your account when the transaction clears. Once you hit the deposit button, you can start playing your favorite games immediately.
Security is Inpay’s greatest asset. The company has stringent fraud detecting measures. They analyze each transaction in real-time and map it against known fraud patterns. The team uses full-stack firewalls, antivirus programs, 2FA, and ongoing penetration testing to protect its systems and infrastructure. Inpay also monitors network traffic, has rigorous password policies, and runs comprehensive employee training.
We are also happy to report that the payment method does not charge fees to private users. That means casino members can make the most of their bankroll. However, some online casinos may charge you when depositing funds, so double-check their T&C and banking section.