Red Compra

Online casinos are always looking to grow their player base. To that end, they’ll offer numerous promotions, provide exclusive games, or cater to new markets. Not many gambling sites choose the last option, mainly because implementing new casino payment methods can be a hassle. That is why Red Compra strives to make itself as convenient as possible, working hand-in-hand with other payment services like WebPay Plus.

This Chilean banking option has quite a few good sides. Will that be good enough to attract casino members to its doorstep? The OG24 team will highlight its good and bad sides in this review. By the end, you’ll know whether this payment method is right for you.

Red Compra can be used for online gambling

What is Red Compra?

Red Compra is a debit card issued by several Chilean banks. It’s used alongside WebPay Plus to make payments in online casinos, shops, and more. With the card being supported all over the country, just about everyone has one at hand. That makes it the perfect payment method for online gambling sites to implement, lowering the barrier to entry for Chilean customers.

You don’t need to do any additional sign-ups to use Red Compra for online payments. If you already have the card, you’re good to go! Most online transactions using this card are done through WebPay Plus, a payment gateway run by Chile’s Transbank.

Red Compra is exclusively available in Chile, with no other countries issuing these cards. Because of that, the banking option’s primary currency are Chilean pesos. However, Red Compra also supports USD payments, though those come with currency conversion fees. The payment method has only one extra feature: the Redcompra gives you back campaign. Through it, you can pay with your card and receive the change in cash. This is useful for everyday shopping but doesn’t have much application for online casino transactions.

Facts

Payment Type	Debit Card
Headquarters	Santiago, Chile
Founded	1989

How to Deposit with Red Compra

If you’re new to gambling sites, we’ve got your back! Our experts assembled a simple step-by-step guide to walk you through depositing with Red Compra. Follow along, and you’ll be ready to play in no time!

1. Visit one of our recommended Red Compra online casinos. You’ll need to sign up for one if you don’t already have an account there. Otherwise, just log in and proceed to the next step.

2. Open the banking or cashier page. You can do this by pressing the deposit button on the home page or the sidebar. It will reveal all available payment methods.

3. Select WebPay Plus as your banking option. You cannot pay with Red Compra directly – instead, you have to use Transbank’s platform.

4. Fill in your payment info. You enter your card data, how much you plan to deposit, and the four-digit card code. After confirming the transaction, the funds are moved to your casino balance.

5. Have fun! With money in hand, you’re free to play all the games your chosen online casino offers.

How to Withdraw with Red Compra

Unfortunately, Red Compra cannot be used to cash out your winnings. That’s because the WebPay Plus platform it relies on for online transactions does not support receiving money, only sending it. That means you’ll have to depend on another payment method to withdraw your funds.

E-wallets usually offer the best withdrawal speeds and multi-currency support. Both are important to Chilean players to avoid additional costs and wait times. However, many e-wallets require you to use them to deposit before being able to withdraw money. In such cases, your best bet is to withdraw cash using wire transfers. While slower, the funds will appear straight into your bank account.

FAQ

What is Red Compra?

Red Compra is a Chilean debit card issued by local banks and regulated by the Commission for the Financial Market.

Where can I use Red Compra?

The payment method is only available to residents of Chile with an account in a supported bank.

Can I use Red Compra to withdraw money at online casinos?

No, you can’t. Red Compra does not support withdrawing money. Instead, you’ll have to rely on a different payment method for cashing out.

Transfer Times and Fees

All online casinos we tested that support Red Compra deposits required no fees. That said, the debit card has additional costs you need to consider. Membership costs range from 0.020% to 0.045% per transaction. Additionally, exchange rate fees can be anywhere between 0.05% and 1.15%.

Red Compra deposits will appear in your balance instantly. Without any wait times, players can immediately jump into the best titles their casino offers.

Security

These debit cards can only be issued by banks with a license from the Commission for the Financial Market. It ensures that financial institutions obey all relevant laws and regulations, including provisions on data security. Red Compra payments are also made through the WebPay Plus payment gateway, providing an extra safety layer.

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News

Red Compra

What is Red Compra?

How to Deposit with Red Compra

How to Withdraw with Red Compra

FAQ

What is Red Compra?

Where can I use Red Compra?

Can I use Red Compra to withdraw money at online casinos?

Transfer Times and Fees

Security

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