Euteller

When major banks gather intending to create a robust and secure online payment gateway, we know this must be something serious. Euteller is a Finnish-based online payment system launched in the early 2000s. Now, it’s a staple at many online casinos accepting players from Finland.

The global fintech market has diversified and offers various digital wallets, open banking solutions, and payment methods focused on specific regions. However, banks are still at the top of the deposit and withdrawal methods list at iGaming sites. The reason is easy to understand. No matter how advanced any other third-party financial service is, banks are ruling in terms of stability. Direct bank transfers safeguarded by bank-grade security are a preferable way of funding casino balances for many gamers.

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If you’re residing in Finland, read our Euteller review, as we provide the most essential info on how to use it at online casinos.

About Euteller

Euteller was introduced to the public in 2007 by a group of Finnish banks that decided to offer something different. In the early 2000s, credit frauds were a serious issue. Therefore, the banks in Finland wanted to address and solve this problem by developing a solution that would combine the convenience of speedy transactions and high-level security.

Since the Nordic countries are well known for being at the forefront of many innovations in the fintech world, the creation of Euteller was no surprise. Still, the banks in Finland foresaw that people would be happy to use real-time bank transfers for casino gaming, among others, years before other similar solutions in the world.

As a result, Euteller quickly became the most popular platform for online transactions in Finland. People choose Euteller to pay bills, make online shopping and play their favourite casino games.

One of the reasons for Euteller’s success is that the most reputable banks from Finland backed the project. More than 10 financial institutions support this digital payment gateway. Some of them are Nordea, OP Bank, POP Pankki, Pohjola Bank, Aktia, and S-Bank, to name a few. As a payment processing platform focusing on Finland, the euro is the main currency you can use with Euteller.

Euteller also launched a mobile-based payment method, Siirto, allowing direct peer-to-peer payments with just a phone number needed to process the transfer.

Target Markets

It’s obvious that players from Finland can benefit from using Euteller at their preferred casino sites. We can just express hope that  Euteller will expand into other markets, too, since its services are top-rated among players.

Euteller Account

Using Euteller is hassle-free as you don’t need additional registrations and accounts other than the one in your bank. Still, we recommend you confirm with your bank if they support Euteller. Since Euteller is a product of the most trusted financial institutions in the country, you’re likely a client of one of these banks. It means you’ll access your bank account through the same eBanking login if you select Euteller. In other words, no additional passwords and usernames are in the game.

How to Deposit with Euteller

When you pick Euteller online casino from our selection, head over to the payments page and open the deposit section. You’ll see Euteller’s colourful logo. Hit the button to open the deposit form. Enter the amount you wish to send to your balance in the casino and click Deposit to load the Euteller web page. From the list of available banks, select yours, log in and confirm the payment request. The money will be credited to your casino balance if the transaction is okay. It can’t be easier than that.

How to Withdraw with Euteller?

Unfortunately, at the time of writing this review, Euteller wasn’t processing casino withdrawals. This might be a deal-breaker for some players. However, you can always find an alternative, like a standard bank transfer. Or, some digital wallet if you want to receive money more quickly.

However, keep in mind that casinos generally ask players to use the same payment method for deposits and cashouts, so check if you’ll be allowed to switch to any other option other than bank transfer.

Transfer Times, Fees, and Security

Deposits are straightforward, and the money arrives at your casino balance within minutes, if not quicker. The platform immediately clears all your transactions, so if you don’t see the funds in your balance right away, reload the page to refresh the data.

Cashouts aren’t supported, meaning standard bank transfer would be your best pick to collect the winnings. The timeframes for withdrawals vary from a few hours to a few days, depending on your chosen solution. The main thing you must consider is the casino’s pending period – the time necessary for the finance team to observe the request and release the money.

When speaking of costs, the main downside besides not processing withdrawals is Euteller fees. The processor charges a flat fee of 1.95% from every deposit you make. This is not a general practice at online casinos since deposits are fee-free. However, in order to maintain the highest level of security standards, the platform finances its operations this way too. However, when you calculate the amounts you’ll pay, they are minimal for casual players. This fee might hit only high rollers as they fund balances with much higher sums.

Euteller is backed by banks, which means it employs bank-level security measures. The company is also an authorised Finnish Payment Institution, supervised by the Financial Supervisory Authority of Finland. Finally, the end-to-end SSL encryption ensures none of your financial or personal data is shared outside your online banking ecosystem.