Flykk is an online payment processor that has been growing in popularity. The company is an international bank account number (IBAN) based electronic money service. While it functions similar to an e-wallet, there are some differences. However, it is similar in all the areas that matter. You can use Flykk to transfer money between users at no cost in a safe and secure environment.
The company keeps itself afloat through fees when withdrawing funds to non-Flykk IBAN accounts or originating cards. The company is authorized in Cyprus and the UK to issue electronic money. When you register to Flykk, you receive a Basic Bank Account Number. After your information gets verified following EU and Cypriot anti-money laundering regulations, you receive an IBAN. Flykk supports euros, pounds, US and Canadian dollars, and several other currencies.
How Does Flykk Work?
It is important to note that Flykk is not a bank, despite using bank networks to carry out transactions. Players can use it to send and receive money to Flykk users, spend it on participating merchants, and store it. The company also allows you to transmit funds to IBAN, card accounts and local bank accounts outside the EEA.
Flykk’s internal currency is the euro. While it supports other currencies, the euro remains the primary currency. Players have to confirm their identity before withdrawing funds from their Flykk account.
How to Deposit with Flykk?
Log into your online casino account and navigate to the cashier page. Select Flykk from the list of available payment methods. The casino will open a new window with the Flykk interface. Log into your Flykk account and authorize the deposit. Follow the instructions on the screen, and you should receive your deposited funds quickly. Make sure the information on your Flykk account matches up with your casino details. Otherwise, it can cause issues with transactions.
How to Withdraw with Flykk?
Unfortunately, casinos do not seem to offer the option of withdrawing money via Flykk. If the option becomes available to players, we will update this section accordingly. Until that changes, you might be better off using a different primary payment method.
Transfer Times, Fees, and Security
The good side of Flykk is that it allows for near-instant deposits. Once the online casino clears your transaction, it should appear almost instantly in your casino balance. However, transfer times may be affected by the rules set by the online casino. We recommend checking the terms and conditions and the banking page to confirm transfer times.
Alongside quick deposit speeds, Flykk also offers excellent security. The company’s platform uses the same technology banks use for transferring funds. Players should not run into any fees when depositing money to online casinos. Flykk only charges fees when you withdraw money out of your Flykk account. Players can find a detailed list of fees for funding, transfers, and withdrawals for Flykk accounts on the payment method’s website.