iWallet Casinos

iWallet Pros and Cons

To make an educated decision about whether iWallet is the right payment method for your online casino adventures, you should first know its crucial pros and cons. Based on our experience using this banking method at online casinos, we were able to zero in on the following advantages and disadvantages.

Pros

• Efficiency – E-wallets are among the quickest banking methods for online casino deposits and withdrawals, and iWallet is no different. Not only does it enable you to make almost instant deposits, but it also enables you to claim your winnings in less than 24 hours. This can make your gambling experience much smoother and more enjoyable.
• Currencies – iWallet enables you to make deposits and withdrawals in 10+ currencies, including EUR, CAD, USD, AUD, and NZD. That way, you can play at international casinos in different currencies and place your bets on the go without having to convert funds first.
• Compatibility – iWallet is fully compatible with Android, iOS, and Windows devices, thanks to its cutting-edge website and application. The mobile app is available for free on iOS devices with a rating of 4.8/5 and Android devices with a rating of 4.7/5. If you prefer using the website, it is fully compatible with all browsers and devices.
• Anonymity – iWallet eliminates your need to use your credit or debit card information to make deposits and withdrawals, which provides you with a high level of anonymity. This can be useful if you want to protect your privacy and still gamble at online casinos.
• Security – iWallet is one of the most secure digital payment methods that you will come across. Aside from its 256-bit encryption and bank-level security, this payment method also guarantees the use of Verisign security and TRUSTe certification. In addition to these features, the e-wallet also enables you to activate two-factor authentication.

Cons

• Unavailable in many countries – iWallet is a fantastic digital payment method, but its availability is fairly limited compared to other similar payment methods. Where Skrill reaches 200+ countries, iWallet only operates in about a dozen countries, including Japan and the United States of America. This may limit the online casinos that accept iWallet as a method.
• ID verification – Before you can use iWallet to make your deposits and withdrawals, you will have to go through a rigorous identity verification procedure. This process exists to protect both you and the iWallet company from scammers. However, it can take up to a couple of weeks to complete it. It is as intrusive and tedious as it is necessary.
• Withdrawal limits – iWallet is a digital wallet, and as such, it is subject to pretty strict deposit and withdrawal limitations at online casinos. While cryptocurrency methods usually have no maximum limits, you can only make deposits and withdrawals between €20 and €4,000 per transaction.
• Exchange rates – If you deposit or withdraw funds into a currency different from the one you have at the moment, you will be faced with exchange rates. Because of these exchange rates, you may end up having your winnings cut slightly, which is certainly an unwanted outcome. That is why we consider this feature a downside.

iWallet Availability

Although iWallet was founded and operates out of the United States of America, this e-wallet payment is actually more popular in Eastern Asia. Many casino players from the Far East use iWallet as a payment method, including Japan, Taiwan, China, and South Korea. You should keep in mind that some of the online casinos available in these countries may not accept iWallet, which can cause you issues when gambling.

Using iWallet on Mobile

iWallet may be available on desktops and mobile devices, but judging by the time spent perfecting the mobile app, you can see that it was intended to be a mobile payment method. Once you download the app, which is free through the Google Play Store and the App Store, you can use the app to track your deposits and withdrawals, initiate payments, and confirm transactions.

The design of the app itself is quite modern and intuitive, so even if you have no previous experience with e-wallet apps, you will quickly find your way around it. This app has stellar reviews from both Android and iOS users, so you can count on it to be reliable and user-friendly.

Customer Support at iWallet

Customer support ensures everything runs smoothly, which is why iWallet offers three methods of assistance – email, live chat, and FAQ. All three of these methods are available around the clock, but to know exactly what they offer you and when you might find them helpful, dig in with us.

• Email: The email address is the most straightforward communication channel. You can send an email with an inquiry regarding any issue you might be having, along with attachments related to that issue. We found that the average response time via email is around 24 hours, which isn’t quite efficient, but the detailed and courteous answers make up for that.
• Live chat: The live chat is the best way to get in touch with a customer support agent as it has an average response time of only 2-3 minutes. This type of response can be really helpful if you need a quick resolution. For all of its benefits, the live chat does have one significant downside – the first point of contact is a chatbot.
• FAQ Section: The Frequently Asked Questions section covers a wide array of subjects, from the identity verification procedure to the maximum transaction limits. At the end of the day, you may not even have to contact a customer support representative because the FAQ answers are so detailed.

Casino Bonuses Through iWallet

You can claim multiple different bonus types at online casinos that accept iWallet, ranging from welcome deposit deals to reload bonuses. Although every casino has its own bonus repertoire, based on our experience with these casino sites, the following categories are the most common ones.

• Welcome bonus package: The welcome bonus packages are the most common and, very often, the most generous deals that you can claim. They are available only to newly registered players, and in most cases, they require you to deposit a minimum of €20 to claim a reward. The rewards carry rollover requirements ranging between 30x and 40x, and an eligibility period of 7 to 30 days.
  The welcome bonus packages usually offer match deposits of 200% up to €1,500, along with packages of 200 free spins. You can use the cash rewards on all of the casino games, whereas the free spins are only available for slot games.
• Free spins: Free spins are popular among newly registered and existing players alike. They offer you an almost risk-free way to win real money by playing slots. If the free spins require a deposit, the minimum is usually between €10 and €20, and if the free spins reward doesn’t require a deposit, then you are free from the risk completely.
  The free spins tend to come in packages between 50 and 200 free spins with wagering requirements of 40x to 60x.
• Cashback: The cashback reward is the bonus reward that will help you mitigate your losses and keep playing at an online casino. With a reward ranging between 10% and 20%, the cashback deal takes all of your losses during a fixed period, like a week or a month, and returns that percentage to you. There are no restrictions on the games you can play with this reward.
• Reload: The reload bonus is built on the same foundation as the cashback reward – it returns a percentage of your funds to you. Except, this deal doesn’t take only your losses into account, but rather, all of the wagers you make during that period of a week or a month. The typical reload bonus percentage is between 5% and 20%.

iWallet Alternatives

iWallet is a quick and solid e-wallet payment method, but it does have its drawbacks, such as the lack of availability. If you want to broaden your horizons and discover more payment methods that are nearly identical to iWallet, read the following section.

• PayPal: PayPal was first launched in 1998, and to this day, it remains the biggest name in the world of e-wallets. It offers you several options to fund your casino wagers – you can connect it directly to your credit and debit cards so you can pay with them, but you can also transfer money into your PayPal account.
  This is one of the most commonly available e-wallets around the world, and you can find it as an accepted payment method at hundreds of casinos online. As PayPal has very strict terms and conditions, any casino that uses it as a payment method will be a legitimate and licensed platform.
• Skrill: Skrill is right up there with PayPal as the most popular and widely accepted digital payment method across the globe. You can use Skrill in more than 200 countries in the world, which is why you can expect to find it at nearly every online casino. This e-wallet is as secure as it is efficient, guaranteeing instant casino deposits and withdrawals that take less than 1 day to complete.
  In our experience, the deposit and withdrawal transaction range extends from €20 to €5,000 per transaction, which is the industry standard worldwide. Skrill has a high-end app that you can install onto Android and iOS devices for free.\
• Google Pay: Google Pay is the e-wallet solution designed by Google, immediately making it one of the most legitimate and trustworthy online payment options. Google Pay enables you to connect credit and debit cards like Visa, Mastercard, AmEx, and Discover to it, which you can then use to deposit and withdraw funds at an online casino.
  Google Pay is available in 120+ countries, making it one of the most accessible e-wallets globally, which is why most legitimate online casinos accept it as a payment method. The transaction range is the same as that of other e-wallets, which is between €20 and €5,000.
• Apple Pay: Apple Pay is the iOS solution to the e-wallet question. Apple created this digital wallet that enables you to connect it to as many credit and debit cards as you want. With your Apple Pay account, you can complete instant deposits and withdrawals within 1 day by confirming the transactions only via a fingerprint or a face scan.
  The minimum deposit and withdrawal sum is usually around €20, while the maximum limit per transaction is typically €5,000. Apple Pay has top-notch security and efficiency, but we have to note that it is only available for Apple devices, which does limit its reach quite a bit.
• Trustly: Trustly is a digital payment method that has grown in popularity in the past decade, especially in European Union countries. Trustly facilitates payments to and from your bank account directly, which eliminates the risk of having your banking information stolen or taken advantage of.
  Trustly isn’t as popular as the other methods we listed, but you can still expect to find it at most Curacao and Malta-licensed online casinos. The transaction limits for this method are in the same range as the e-wallets, but you should keep in mind that the withdrawals may take longer than 1 day.

Summary: Can iWallet be Trusted for Online Casino Payments?

iWallet may not be a particularly established e-wallet method yet, but it is quickly developing a reputation as a trustworthy and efficient money transfer method. Not only does it provide you with top-tier SSL encryption as a security measure, but it also guarantees your access to 10+ different currencies.

Although its lack of availability internationally does lower its overall impression by a slight margin, we can confidently say that iWallet is an excellent choice for online casino players. You will be able to get your winnings within 1 day, and you can do it all from your mobile device.