Best Zelle Casinos Online
Zelle gives online casino players a great deal of convenience, as they don’t need to go through a lengthy sign-up process. Zelle allows them to instantly access the online banking platform of their banks. Today, this service is available in the mobile banking apps of over 1,700 banks and financial institutions.
You don’t need to worry if your bank or credit union doesn’t offer Zelle. You can access the Zelle app by installing it on your smartphone for sending and receiving money. However, one important thing to keep in mind is that you can’t cancel your payment if the recipient is enrolled with Zelle.
About Zelle
Zelle is owned by Early Warning Services LLC. In January 2016, it acquired clearXchange, which was a service that offered peer-to-peer (P2P), government-to-consumer (G2C), and business-to-consumer (B2C) payments. In 2017, the company launched the Zelle payment system and mobile app. It also announced that all clearXchange P2P payment service accounts would be deactivated in December.
If someone with a Zelle account attempts to send money to an unregistered recipient, the receiver gets an invitation to sign-up for the service. The transaction can be completed only if this is done. To register with the mobile app of Zelle, the users must use a supported Mastercard or Visa-branded debit card linked to a US bank account.
PayPal along with its Venmo payment service is the main competitor of Zelle. Although Venmo is more popular with regards to active engagement with users, Zelle processes a significantly larger dollar volume of money transfers. These transfers were reported to be worth $75 billion in the first year of its launch.
Pros and Cons of using Zelle in online casinos
To access Zelle, you’ll need to have a valid bank account with one of its participating US-based banks. In this case, a download is not required. If Zelle is not offered by your bank or credit union, you can download its app to get started. Once you register with this payment service, you’ll only need an email ID or a US mobile number for money transfer.
If your recipient has an account with Zelle, the money will be transferred directly into the receiver’s account in minutes. Recipients who have not enrolled with Zelle get a notification explaining how they can receive the money without any hassles. Before you choose Zelle as your preferred payment method in an online casino, consider its pros and cons.
Pros:
- Zelle is a fast and convenient payment method
- It doesn’t charge any fees on its transactions
- Zelle has many reputed US banks as its participating banks
Cons:
- It is accepted only in the United States
- There are some limits on the amount you can transfer
How does Zelle compare to other payment methods?
Not many online casinos worldwide allow Zelle as a payment method as it can be used only with the US-based banks and credit unions. The biggest advantage of Zelle is that it charges no fees on its transactions. This gives it an edge over the traditional payment methods, such as credit or debit cards and bank transfers.
Most e-wallets can be linked to a credit card, but Zelle doesn’t offer this feature. The popular e-wallets such as PayPal and Skrill also charge fees on some or all types of transactions. You also incur a certain amount as fees when using cryptocurrencies. Here, Zelle scores once again. As it charges no fees, you can transfer funds to your casino account without any worries.
You don’t need to pay any fees for transactions done using prepaid vouchers as well. You can also deposit funds into your online casino account with a prepaid voucher instantly without providing any personal or financial information. However, prepaid vouchers can’t be retrieved if they are lost or stolen.
Fees
As this payment method operates only within the United States, it accepts no currency other than the US dollar. The participating banks are also based in the United States. Although it charges no fees on transactions, the participating banks might charge you for certain transactions. The amount of fees would depend on the type of transactions you’ve made.
As many banks in the United States support other currencies such as the Canadian dollar and euro, you can use any of them for your transactions. This will attract currency conversion fees, which vary depending on the real-time value of the currency. This is why it is always cost-effective to use US dollar as your currency when using Zelle.
Your online casino might also charge you a certain percentage as fees for transactions made using this payment method. You can go through the terms and conditions of your chosen casino to know if it charges any fees on Zelle transactions. Based on the information, you can decide if you wish to continue with the online casino or find another one.
How to use Zelle for casino deposits
Once you’ve found a reliable online casino that accepts Zelle, sign up on the website and create your account. The next step would be to log in to the casino account you’ve just created and go through the terms and conditions of deposit. This will allow you to know if there are any conditions or limits with regards to deposits in the online casino you’ve chosen.
While you’re logged in, navigate to the cashier, banking, or payments page. Choose the option to make your deposit, and select ‘Zelle’ from the list of payment methods accepted by the online casino. This will take you to the online banking page of your bank. Log in using your bank credentials and choose the option to deposit with Zelle.
Enter the email ID of your online casino or the US phone number. Confirm the transaction to proceed further. If your online casino is enrolled with the service, funds will be deposited instantly into your online casino account. If the casino is not enrolled, it will receive a notification with instructions to be followed for receiving the payment.
Casino withdrawals
Withdrawing the amount of winnings from your online casino account using Zelle is quite easy. However, before making the withdrawal, you’ll need to confirm if there are any withdrawal limits placed by the casino. You can go through the terms and conditions of the online casino to see if there are any such limits.
Once you’re clear about the withdrawal procedure, place a request through customer support. While placing your withdrawal request, you’ll need to provide your email ID or phone number. You must also mention the amount you want to withdraw from your online casino account.
Usually, the customer support team responds to such requests instantly, but the speed of response would depend on the efficiency of your online casino’s support team. Once they approve the request, the amount will be transferred to your bank account within a few minutes. You’ll also receive a notification about the transfer through phone or email.
How secure is Zelle?
Zelle doesn’t require you to share any sensitive personal or financial information while sending or receiving money. The only information you’re required to provide is your email ID or US mobile number linked to a US bank account. This applies to the Zelle app as well as the Zelle service you’re using directly through your bank or credit union’s banking app.
This ensures a high degree of information security. Additionally, there are certain features for authentication and monitoring that this payment method uses to keep your money secure. Nevertheless, there are certain measures you’ll need to take for ensuring the safety and security of your account.
Among them are providing the correct email ID and US mobile number for the transactions. You must also beware of payment scams. Make sure you’re not sending money to an individual or entity that you don’t personally know or trust and don’t fall prey to offers that sound too good to be true.