Using Brite As A Payment Method In The Online Casino
iGaming is one of the most lucrative industries in the digital world. In Statista as of 2021, its market size reached 61.5 billion US dollars based on the survey in the worldwide virtual wagering industry and a greater possibility of reaching up to 114.40 billion US dollars by 2028.
Knowing how big this industry is calling for a contemporary mode of payment by simplifying the wagering experience of the player in a safe and efficient way. Since not all players are comfortable using their bank account, another option is made possible and that is the digital wallet.
What is a Digital Wallet?
Another term for digital wallets is Electronic wallets or E-wallets. The digital wallet is an application that we download on our mobile and is the best substitute for all major financial transactions like buying goods, payment for utilities, entertainment, service, and many others. This allows the user to pay for any financial transaction done at the moment without using a card or real cash.
There are also other services that are available in digital wallets such as transferring the user’s money from the e-wallet to their bank account or from another digital wallet provided that they are compatible.
It also stores important information about the user as well as its monetary transactions.
What is an open banking payment?
Open banking is a scheme that gives access to the user’s banking and financial account as well as control it through the third-party payment system.
It is also referred to as open bank data, it gives access to other financial transactions, banking, and other financial information from banks and other commercial institutions thru Application Programming Interface (API).
The Brite Casino
The Brite Casino payment is one of the payment options offered by the online casino. Top-rate affiliates such as Uusimmat Kasinot introduced a convenient way of making a deposit and withdrawing money. It is free and fast which is why it is gaining popularity. If your interest is piqued, feel free to visit the sites at https://uusimmatkasinot.com/maksutavat/brite-kasinot/ .
Brite as Payment Option
Brite AB is an open banking method and is the latest financial technology (fintech) company and the newest second generation from Stockholm, Sweden. It was founded in May 2020 and the founder of Brite AB is the same company that developed Trustly and Klarna Applications.
Its goal is to simplify the lives of consumers with their transactions thru the open banking API. This type of service is authorized by the Second Payment Service Directive (PSD2) and it was acquired by the European Parliament in 2015. All transactions take place on the bank’s platform thus ensuring the player that the site will not know the user’s bank account or any important details.
Brite AB is under Swedish Financial Supervisory Authority (Finansinspektionen). The Swedish Financial Supervisory Authority also gave this fintech industry a license.
At present, its service has been extended to Finland, Netherlands, and Sweden and there are plans for expansion in countries outside Europe as well.
Banks connected with Brite
A number of banks are affiliated with Brite. Brite works the same way as other payment methods though.
Here is the list of the following banks:
- S Bank
- My Savings Bank
- Cooperative Bank
- POP Bank
- Bank of Aland
- Danske Bank
It is one of the basic requirements in an online casino that has a Brite feature for the user to have at least one of the active banks indicated.
The online casino using Brite
Many online casinos prefer Brite because of its fast transactions scheme and guarantee of accuracy as well as safety which is very important in the digital gambling business for this reason Brite Casino was introduced.
Brite casinos have a special offer where players can automatically start playing using Brite without making a registration at the casino site. If the player is using any of the banks mentioned and has a Brite account then the player can instantly enjoy any games provided by the site.
Some information about Brite casino:
- A service charge is asked by Brite each time the player deposits.
- A number of gambling games are offered by Pay N’ Play
- Some casino sites offer Pay N’ Play bonus and more casino games.
- Brite casino easy deposit and easy withdrawal.
Ø The pay n’ play Players scheme allows players to automatically play.
Ø Brite casino offers various games with different themes.
Ø Quick deposits and withdrawals.
Ø No need to open an account.
Ø Very easy and convenient to use.
Ø Secured payment method.
Ø No issues
Ø Regulated by the government.
Ø Brite assures players that they are safe, trustworthy, and convenient.
Ø Not all banks offer this type of banking method. Limited banks offer the Brite payment method.
Ø It is limited in location and only a few counties have Brite.
Ø It is not unique and it has competitors.
How to set up a Brite account
There is no need to open an account. Like altcoins, Brite is autonomous which means that your bank transactions are safe and sealed by this scheme even if you use it in betting online.
The player doesn’t have to make a confirmation verifying one’s identity or make a lengthy registration. One simply has to check their location as well as their bank (indicated above) if they are included on the list.
How to make a deposit:
Making a deposit is so easy and hassle-free. Listed here are the simple steps for making a deposit.
- Go to the Deposit section of the casino site.
- Choose the menu and type the amount you want to deposit
- Indicate your bank affiliated with Brite AB
- Log in
- Choose payment
It takes approximately 5 minutes to finish the transaction. All transactions done with Brite are heavily encrypted thus making them unreadable.
Cash-out using Brite Casino Payment
Making a withdrawal using Brite is as easy as taking a walk in the park. Using these simple steps, you can easily receive your payout in no time.
- Go to your casino account
- Click withdrawal
- Type the amount you wish to withdraw.
- Click Brite and you will be automatically redirected to the bank’s website.
- Type your bank details and click confirm.
- Transfer will be in process in no time.
The applications of Brite AB give assurance to the user that they are in good hands which means that it is guaranteed safe in using this payment option. Efficiency and a dependable payment method are very important in an online casino since money plays a vital role in this industry. Therefore, Brite’s payment is the right choice.