Samsung Pay is a mobile wallet unique to newer Samsung phones. Samsung Pay became available after the company acquired LoopPay in 2015. For real-world payments, Samsung has a special chip on the back of their phone. That allows you to use your phone in place of a credit or debit card. Users must link their card with Samsung Pay first before using it physically or online. Customers can use fingerprint or iris scans to authorize Samsung Pay transactions.
Samsung takes data security one step further. With tokenization, transactions through Samsung Pay do not reveal your actual card number. Samsung’s Knox technology also encrypts your card information and stores it in a separate and secure data vault. The extra security does not stop it from having fast transactions.
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How Does Samsung Pay Work?
Using Samsung Pay is a straightforward process. First, you need to have an eligible Samsung smartphone. Launch Samsung Pay and connect your credit or debit card to the device. You do this by taking a picture of the card. Samsung Pay supports Visa, MasterCard, and American Express cards by over 1,000 banks and credit unions. You can even get a special Samsung Money by SoFi debit card issued to you.
Samsung Pay requires you to create a Samsung account. The process for creating the account is straightforward. Enter your e-mail, password, full name, date of birth, and other requested information. Samsung Pay also requires you to set up a PIN. You use this to authorize transactions if you do not want to use fingerprint and iris scans.
How to Deposit with Samsung Pay?
Once logged into your casino account, open the banking or cashier page. Select Samsung Pay from the list of payment methods and enter how much you want to deposit. Log into your Samsung Pay account, and choose which card you wish to deposit with. Samsung Pay will ask you to authorize the transaction by entering a PIN or scanning your fingerprint or iris. Once the transaction is approved, the funds should become available in your account.
How to Withdraw with Samsung Pay?
Withdrawing money also requires you to be logged into your casino account. On the cashier page, choose withdrawal and then select Samsung Pay. Follow the on-screen instructions, and you will be able to complete the cash-out request. The website needs some time to process your request and decide whether to approve it or not.
Transfer Times, Fees, and Security
This payment method excels at delivering convenient yet secure payments. Thanks to tokenization, Samsung Pay never reveals your card information. It also verifies all your transactions with a PIN. Furthermore, you can enable fingerprint or iris scanning for an extra layer of security. You can even remotely lock and erase your Samsung Pay account if your phone is lost or stolen.
Samsung Pay does not charge you fees when depositing or withdrawing from online casinos. However, some casinos may charge you if you use the payment method. It varies between websites, so we recommend checking before using Samsung Pay.
Transfer times for deposits are almost instant, which is a huge plus. Withdrawals take a little longer, depending on how long it takes the online casino to process the transaction.