What is SafeCharge?
SafeCharge is more of a payment processing platform than a payment method. Its main clients are VISA and MasterCard, linking it with the world’s major payment card schemes: Apple Pay, PayPal, AliPay, POLi and WeChat Pay. Its global headquarters are in Montreal, Canada but has satellite offices in the US, UK, Italy, Hong Kong and Bulgaria. SafeCharge also has offices in China, Cyprus, Austria, Mexico and the Netherlands. SafeCharge International Group Limited was the original owner of this payment processing company. However, the holding company sold it to Nuvei Corporation in August 2019 for $889 million. Nuvei Corporation is a Canadian electronic payments technology conglomerate based in Montreal.
Since betting is big in these countries, most SafeCharge online casinos use it to process deposits and withdrawals. It provides a platform for gamblers using debit/credit cards as a payment option. SafeCharge casinos prefer the platform due to its compliance with anti-money laundering processes. It promotes clean gambling where every gambler gets what they deserve, preventing it from being a conduit for fraudsters. What made it more stable was its enlisting to the London Stock Exchange. It also held memberships and approvals from both regional and world’s payment methods. The main aim is to provide secure and clean electronic funds transfer between different payment methods.
Pros vs. Cons of SafeCharge Deposits
- Gamblers do not need an account with SafeCharge to facilitate deposits and withdrawals.
- Facilitates payment in over 150 countries in AUD, USD, GBP and JPY.
- Secure platform since it uses Native Cloud for additional security integration.
- There are SafeCharge casino bonuses, with VBet leading the pack.
- SafeCharge customer care does not have a live chat or phone number for direct contact.
- Transaction costs are higher compared to the competition.
The Best SafeCharge Casinos
At the moment, only a small amount of online casinos in the UK support SafeCharge, as it's a very niche and new payment method that has yet to receive universal acceptance.
Among them, the most reliable one, and the one we'd recommend wholeheartedly, is LeoVegas. The casino is not only proven to be reliable, but also offers rather generous bonuses, most of which can be claimed even with a SafeCharge deposit. You can read all about it in our comprehensive LeoVegas review.
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5 Things You Should Know About SafeCharge
Fees & Taxes for Making a Casino Deposit with SafeCharge
SafeCharge does not levy any transaction fees to the gambler. It deducts its cut from the transaction on the account, not from the payment choice. However, this is an agreement between SafeCharge and the online casino, which some casinos do not respect. Such an arrangement can cost the gambler a significant sum in deposits and withdrawals. Therefore, do some research on every online casino before signing up.
There is a € 0.1 process fee for VISA and MasterCard and a 0.3% to 0.7% mark-up charge depending on the transaction amount. If SafeCharge charges the gambler directly, it levies €0.15 and 1.2% as processing and card fees, respectively. For gamblers outside Europe, the charges are €0.15 and 2.5% for processing and card fees, respectively.
UnionPay card charges €0.15 as processing fees and 4.75% as card fees. For any other debit/credit card, contact SafeCharge’s customer care for a definite answer.
As for other banking options, the processing fees ranges from €0.15 to €0.45 while the payment method fees go as high as 13.25% of the total amount moved.
How to Register with the best SafeCharge Casino
Using the SafeCharge payment service to deposit and withdraw funds is fast, reliable and secure. Next you need to compare the best online casinos and sect a casino to deposit with SafeCharge. We have given you 5 simple steps to refer to when registering at your chosen online casino.
- ESTIMATED TIME REQUIRED
- what you will need
- Our guide to the best SafeCharge online casinos Internet Access, Payment and Personal Details
- EQUIPMENT REQUIRED
- PC, Smartphone or Tablet
SafeCharge Casino Safety - Are SafeCharge Deposits and Withdrawals Secure?
SafeCharge subscribes to the PCI formulation, which is a widely used security procedure for card payments. It means that any card used with SafeCharge is secure. It also detects any fraudulent activities, which makes online gaming safe from money laundering.
Secondly, as a payment process manager, SafeCharge works under the guidance of central banks in some of the countries. The Central Bank of Cyprus and the Financial Conduct Authority are some of the institutions that oversight its operations. It makes its operations safe, sound and dependable.
Most importantly, there are know-your-customer checks which seek to understand the user before authorising them. Although it doesn’t require signing in to its platform, its payment processes must check out. The payment method and SafeCharge have to prove ownership of the account before proceeding with any transaction.
Step by Step Process of Making a SafeCharge Deposit
Using SafeCharge to deposit is different from e-wallets since it doesn’t have an account. It is only a medium of transaction and does hold any funds. To withdraw, use the following procedure:-
SafeCharge VS PayPal - Which to Use?
It is quite challenging comparing the two since they complement each other at one point. Gamblers can use SafeCharge to deposit or withdraw from PayPal. However, there are some elements that can make the two payment models compare and contrast.
First, SafeCharge is a payment process manager, not a payment option. Therefore its workability is different from PayPal. Gamblers must have a wallet that holds funds from which SafeCharge manages payments. On the other hand, PayPal is a complete payment method, with an end-to-end payment process and a wallet.
Secondly, SafeCharge is more practical since it can process transactions from any payment option available on the casino. PayPal can work only on online casino operators that accept PayPal as a payment choice.
As a payment option, PayPal enjoys significant economies of scale as everything happens in-house. It, therefore, does not charge for transactions. However, since SafeCharge only manages the transaction process, they benefit from them. It levies deductions from every transaction, making it expensive to both the gamblers and the SafeCharge casinos.
All in all, comparing the two is difficult since they serve different purposes and have unique work approaches.
How to Withdraw Your Casino Winnings Using SafeCharge
Just like the deposit process, SafeCharge withdrawals are done on behalf of the payment method. Use the following procedure to withdraw funds using SafeCharge:-
History of SafeCharge International Group Limited - How SafeCharge Came to Be
Teddy Sagi and David Avgi founded SafeCharge International Group Limited in 2006, which was the mother company to SafeCharge. In 2014, it went public on the London Stock Exchange, raising $126 million in its IPO, making it the 2nd largest listing for an Israeli led company.
Its success in England opened the door to other markets, landing in Asia in 2017 through a partnership with 2C2P. Another notable collaboration was with WeChat Pay to operate in the famous Camden Markets. Thanks to its successes and credibility, the Financial Conduct Authority formally recognised the platform as a payment service partner.
However, Nuvei Corporation, a Canadian electronic payment processing firm, bought SafeCharge at $889 million. In the same year, Nuvei applied to cancel its listing on the London stock exchange, officially making it a private entity.
5 Tips for Making the Most out of SafeCharge Casino Deposits
SafeCharge Support - Who to Turn To When Having Casino Deposit Issues?
SafeCharge only processes transactions, not hold them. Therefore, any issue with deposits or withdrawals should go to the casino or payment method. For deposits, if the money leaves the payment process, gamblers should message the casino.
However, if there is no trace of the funds, yet the funds cannot be seen on either side of the transaction, gamblers can seek the opinion of SafeCharge. Reach out to them through their in-house messaging system or their satellite offices. If it touches on fraud, leave us the message on our contact page.
Alternate Payment Method - Safecharge Alternatives
The payment processing market has other players who offer SafeCharge significant competition. Choosing a service provider depends on the ease of doing transactions, availability and convenience. Although SafeCharge has a unique working arrangement compared to its competitors, the actual service remains the same. Below are some of the payment solutions and processing platforms.
It is a payment system where each account holder has a card linked to their account. The cards have unique identifiers with a code customised to the account holder. They have to key in the card and authorise the transaction to move funds to the casino wallet. The common debit cards include VISA, MasterCard and Maestro. What makes SafeCharge unique is that it can override the debit card to process payments to and from the account. They help in speeding up the transaction and maintaining its privacy.How to Deposit with a Card
PayPal is an e-wallet that holds and transfers funds between wallets. It uses the recipient’s email address as the link to facilitate payments. However, the main difference between SafeCharge and PayPal is in functionality. PayPal has a wallet that holds funds, while SafeCharge only processes funds. The main advantage SafeCharge has over PayPal is the network. PayPal can only transact with another PayPal account, while SafeCharge acts as a medium that transacts with other payment methods. PayPal is also not common in online casinos due to its limited presence around the world. To remedy this, SafeCharge creates a buffer and transaction safety to shield the casino against fraudulent activities.How to Deposit with PayPal
Neteller has the same payment approach as PayPal, only that it has less stringent measures. Gamers love it due to its fast and elastic payment methodology. On the other hand, its less stringent money supply measures make it prone to fraudulent activities. If the regulator gets to know this, it can cost online casinos their operating licences. It explains why many online casinos do not use Neteller/Skrill for bonuses. To remedy this, SafeCharge creates a buffer and transaction safety to shield the casino against fraudulent activities.How to Deposit with Neteller
Bitcoin is known for privacy and volatility. It grows over time where winnings increase in value depending on demand in the cryptocurrency market. Bitcoin is the future of transaction, where gambling becomes an investment, yielding winnings and acts as a store of value. The only setback with Bitcoin is cost and access. It is also 1 form of currency, which increases its demand. SafeCharge can access all payment platforms and has access to nearly all major world currencies. It increases its availability, which stabilises currency valuation and makes gambling more accessible.How to Deposit with Bitcoin
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Frequently Asked Questions About SafeCharge Deposits
How long does it take to receive winnings withdrawn via SafeCharge?
SafeCharge processes payment in real-time. If the payment method releases funds immediately, withdrawals take less than 5 minutes. However, other payment solutions like debit/credit cards require manual processing, taking between 24 hours and 5 working days to withdraw.
Also, large withdrawals take time. SafeCharge might ask for identity documents to verify account ownership. It is the reason why the process can take up to 5 working days.
What is the minimum deposit amount required to deposit via SafeCharge?
SafeCharge does not have an operational limit for its transactions, including deposits. It acts as a payment processing platform and abides with what the payment method dictates. It doesn’t have a wallet to hold funds, which makes it a process. However, most casinos set £/$/€10 as the minimum deposit amount.
Is it free to open a SafeCharge account?
Yes. In fact, you do not need to open an account with SafeCharge to use it. All you have to do is select SafeCharge, pick the payment method and use its login details to access the account.
How long does it take a SafeCharge deposit to appear in my account?
SafeCharge transactions happen in real-time, making its deposit timelines dependent on the payment option’s processing time. However, nearly all payment options remit deposits immediately, which by extension makes deposits through SafeCharge prompt.
In which countries can I use SafeCharge secure online payment services?
SafeCharge has physical offices in the UK, US, Singapore, Italy, Mexico, Cyprus, China, Bulgaria, Israel and Canada. However, all countries that accept Debit/credit cards such as VISA and MasterCard are open to SafeCharge. It applies to all countries in the European Economic Area, several countries in the Americas, Africa and Asia.
How to check if an online casino has a SafeCharge bonus?
Go to the promotions page are read through the bonus terms and conditions to check for SafeCharge Offers. If the terms do not have it, go to the general bonus terms and find out if it is among the payment options applicable. Alternatively, reach out to customer support and enquire about SafeCharge Offers.
Do I need to fund my SafeCharge wallet, or can I deposit it straight from my bank account?
SafeCharge does not have a wallet that can hold funds. It is a payment process that facilitates payments. Therefore, you can process the funds directly from the bank through SafeCharge into the casino account.
Is it possible to play live casino games using SafeCharge deposits?
Yes. SafeCharge allows staking on any casino market on the platform. However, there are other casino games that have exclusive access to SafeCharge, with an exclusive bonus on offer. Look out for such games on your favourite casino.
Can I deposit via SafeCharge from an iOS device?
Yes. SafeCharge is committed to delivering innovative technologies for online and mobile payments. The SafeCharge software works on both android and iOS operating systems. All you have to do is select SafeCharge, direct it to your preferred payment option and authorise the transaction. The funds move in real-time, depending on the amount transacted.
What currencies does SafeCharge support?
It supports all the major world currencies, as long as the payment method approves. The most common currencies in this list include USD, CAD, JPY, Euro, GBP, ZAR, CHF and SKK. However, use a standard world currency for better returns.