HalCash

Alternative payment methods have become a standard in recent years. Digital wallets, prepaid vouchers and cards, cryptocurrencies and payment gateways are nothing new today. Moreover, payment options serving just one country or a region are also very popular globally.

HalCash is a banking service from Spain. It facilitates cardless transactions to and from online casinos. However, the very nature of this service is unique. Would you be surprised if we told you that the casino representatives must collect your deposit from an ATM? Yes, we thought so.

Keep reading to learn more about HalCash as an online casino banking method. We’ll help you understand how it works so that you can decide if HalCash might be the suitable payment method for your online casino gaming.

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About HalCash

HalCash was founded in 2004 by a group of Spanish banks. Helena Activos Líquidos, better known as HalCash, is a brainchild of Banco Popular, Cajamar, ABANCA, Bankiter, Caja Laboral, and Banco Popular. These financial institutions wanted to create an efficient and innovative payment service for Spanish citizens. The very fact that HalCash has been operating for more than 15 years confirms their idea was good. Moreover, it proves that the company has become a reputable payment service provider popular in Spain.

HalCash is a bank service with a unique payment platform that allows you to send cash to any mobile phone and instantly withdraw funds from HalCash ATMs. The company partners with various offline and online merchants enabling them to process transactions through multiple channels. Besides ATMs, the HalCash platform also supports POS transactions and online banking. However, the most popular HalCash services are cardless cash payments with an SMS and payouts from an ATM.

HalCash can be used for online gambling

In 2017, the company got a new investor, the US company Ashby Point Capital. This firm focuses on investing in promising financial institutions. They recognized HalCash as one of them and decided to help it grow its presence and expand into other countries and regions.

Target Markets

HalCash is currently available in Spain, Poland, the UK, and the US. In the US, HalCash operates as a Pin4 brand. Pin4 launched Cash Pick-Up, another cardless ATM cash payment solution available in more than 50,000 ATMs in Spain, US, and UK.

Still, HalCash is best known in Spain, where the company works with over 20 financial institutions. You can find this service in Spain at more than 8,000 ATM terminals. As a result, some online casinos oriented to players from this country decided to offer HalCash as a payment method.

HalCash Account

You can infer from what we’ve said already this HalCash “story” doesn’t involve an account. As a mobile-based cardless cash payment option, HalCash doesn’t require any registration to use it for different cash transfers.

So, how do you pay with HalCash? First, you need a bank account with sufficient funds in it. Next, you must have the mobile phone number of the person you’re sending money to. Finally, the reference code is required to finalize the transaction. This unique code is generated by the HalCash system. These three elements are crucial for each HalCash transaction.

When sending money to someone, you should provide the receiver’s mobile number and specify the amount you want to send. The payee will receive an SMS confirmation the cash has been sent. Also, the beneficiary gets a secret code necessary for authorizing the payout.

The final step is visiting the nearest HalCash ATM. Choose to collect funds without payment cards and enter your mobile phone number, the amount and the verification code.

How to Deposit with HalCash

Now, after explaining how payments and cashouts with HalCash work, let’s focus on online casino transactions. Do they work the same way? Well, yes, they do. Here’s a quick guide on how to make HalCash online casino deposits.

When you sign up with your desired HelCash online casino, navigate to the cashier page. Find the HalCash logo and click on it to open the deposit form. The casino will show the valid mobile number you must use to carry out this payment. Fill out the form with the casino’s mobile number, your deposit amount and HalCash PIN code for authorization. Send the payment information to the casino, and when they receive it, the representative will find the ATM and collect the money.

It means that the funds are not transferred directly to your casino balance. When the casino receives the money, the employee will manually add the amount to your balance.

How to Withdraw with HalCash

Cashing out with HalCash works more or less in the same way. When you have enough funds in your casino account, open the cashier and go to the withdrawal section. Pick HalCash to collect the winnings. Provide your mobile number, specify the withdrawal amount and submit the request.

The casino will receive this payment request just like any other and process it accordingly. If everything is fine with your cashout request, the casino will greenlight this transfer. Once they approve the transaction, you’ll receive an SMS with all details required to get your money. The final step is to locate the ATM. You’ll receive the cash within a few moments.

Transfer Times, Fees, and Security

HalCash is a really unique payment option. One of the main differences between standard casino payment options and HalCash is that deposits are not instant. Although you quickly send the money to the casino, the team must go to the ATM to take the cash. And then top up your casino balance. This might be a dealbreaker for some players. However, if you want to keep your online gambling private without sharing any personal and financial details, HalCash might be the right choice.

On the other hand, withdrawals are more convenient and even faster than some other standard casino banking services. Immediately after the account team releases the funds, you can collect the cash at the first HalCash terminal you find. However, keep in mind that each transfer has an expiration date. You’ll see the date in the confirmation SMS. So, make sure to withdraw the cash before the order expires. If it does, the money will be returned to the sender – an online casino. The average timeframe is two banking days.

Finally, let’s discuss how secure HalCash is. First, the company was founded by major Spanish banks. It means that the company is a legal financial institution incorporated under Spanish laws. Also, you don’t need to sign up with HalCash and share any sensitive data. HalCash facilitates direct cash transactions protected with a simple yet effective safety measure. You must use a unique secret key to confirm the payment each time you deposit funds or cash out winnings.