Entropay payment method has various fee attached to it. Although it was free to open an Entropay account and to receive a virtual Visa card through the website. There were other fees as well associated with entropay account.
For example, topping up credit cards or debit cards could cost up to 4.95%, which is quite high for people who pay higher amounts.
The withdrawal fees could range from EUR 1.40 up to EUR 7.99, depending on how much was being withdrawn. Additional fees of PS3 are charged for closing the account or withdrawing money to a physical debit card or credit card.
There were fees even if the players weren’t using their accounts. There was a EUR 2.50 dormancy fee for six months. Also, there were a few 10c charges to transfer cash between Entropay accounts.
The first and foremost benefits of using entropay as payment method was the level of security it provided. It was the achievement in itself to provide such security measures back in time when entropay was launched.
Additionally, players were able enjoy fast transactions and the ability to contact a responsive and efficient customersupport team to get things back on track quickly.
Entropay didn’t appear to have any maximum withdrawal or deposit limits, which was a great advantage for many online gambling players, especially high-rollers. The biggest problem was that though there was no fee associated with spending money from the card but adding money to card attracted high fee.
Simply putting money up in the first place could have been a deterrent for many potential users.
A minimum amount was required for every transaction. This was set to PS20 which could prove quite expensive for players with higher budgets. Entropay was not a good option, considering the high fees involved.
Entropay is no more. There are many providers to fill its shoes so there will be plenty of payment methods.