Volt

Volt is a fintech company at the forefront of open banking, an innovative solution changing how online transactions are carried out.
Merchants, including online casinos, love open banking, which represents a viable alternative to cards. It is a fast, simple, and secure service that doesn’t incur high fees.

Volt has been a pioneer in offering an open payment gateway capable of instant bank transfers.

In this review, we’ll see whether Volt is really that convenient. If you have questions regarding this service, this comprehensive analysis should provide all the answers. Ultimately, it will help you decide if it’s a suitable payment method for you.

What is Volt?

As mentioned, Volt is an instant payment gateway that enables users to carry out money transfers from their payment account to their gambling site. Open banking and A2A transactions are kind of a novelty, and Volt is changing the landscape by offering its services to more than 680 million bank accounts from 25 countries.
Although Volt is changing how users move their money, it is not as widely available as other payment providers. Fortunately, its popularity is growing, as is the number of supporting online casinos.

Volt Account

Volt acts as a middleman between your bank account and the online casino. Upon requesting a transaction, the service will allow you to carry out an instant transfer. All payments made with Volt are straightforward and done in real time.

Since Volt is a B2B solution, it requires merchants (online casinos, in this case) to join its network and integrate the solution’s omnichannel checkout. That way, online casinos provide an access point where A2A payments are processed in just a few seconds.

Users don’t need a Volt account to benefit from this service, but they need an account with a supporting bank. That shouldn’t be a problem, as over 5,000 banking institutions in the UK and the EU support this type of transaction. Additionally, PIX users in Brazil can also use Volt, further increasing the number of banks.
To check if you can make direct payments from your account to a Volt online casino, get in touch with your bank first.

Make sure you have sufficient funds in your account. That way, you can avoid any inconvenience later.

Company

Volt Technologies Ltd is a UK-based fintech company. Headquartered in London, it also has offices in Poland and the Netherlands.

The company is regulated by the UK Financial Conduct Authority, confirming it is a reliable partner to offer payment services. In the EU, Volt Technologies Ltd works as an agent for a number of payment institutions, such as Safe Connect UAB, Token GmbH, and Neonomics AS.

The success story began in 2019 with Tom Greenwood, the company’s CEO. Since its inception, Volt has become one of the leading payment gateways in Europe. Over the next two years, it received around £20 million in funding to grow its operations.

In 2021, Volt entered the online gambling industry after partnering with MoneyMatrix. Another important move took place later that year, as the fintech company entered the Brazilian market with PIX.

Facts

Payment Type	Open Banking
Headquarters	London, UK
Founded	2019

How to Deposit with Volt?

The first thing you must do is open an account at a supporting online casino. Then, log into your account and go to the Cashier page. Pick Volt from the list of available methods (you will recognise it by a distinctive V logo).

Click on the icon to select Volt as your preferred means of payment. Enter the amount of money you want to deposit, and choose your bank. You will be redirected to your online banking interface. Enter your login details to confirm the transaction. That’s it, you can enjoy your online casino games!

How to Withdraw with Volt?

The cashing out process is almost the same. In the casino’s Withdraw section, select Volt as your payment method. Enter the withdrawal sum, choose your bank and provide your banking credentials. To complete the procedure, submit your withdrawal request.

FAQ

Is Volt safe?

Yes, Volt is completely safe. The service doesn’t use or keep any sensitive information. You won’t have to share your personal or financial details. You’ll use your online banking to log into Volt and carry out your transactions.

Can I use Volt in my country?

You can if you live in the UK, EU, or Brazi. The payment gateway is primarily available in the SEPA countries that allow bank transfers in Euros.

Can I use Volt to withdraw my online casino winnings?

Volt can be used for online casino withdrawals, provided your gambling site allows it. Be sure to check it beforehand.

Transfer Times and Fees

Volt transactions are fast, which is one of the main advantages of open banking. All deposits are processed in seconds, allowing players to start enjoying their games in a flash.
Withdrawals take more time, as the online casino must first approve the player’s request. Each site has its own pending times, which can significantly differ from one casino to another. We recommend checking the terms and conditions to learn more about the specific pending times.

Volt doesn’t charge any fees, nor do the casinos supporting this method. However, banks may take a commission for processing your Volt transaction.

Security

Volt integrates different open payment systems, but it doesn’t store the bank account information of its users. All transactions are carried out in a risk-free environment, and all sensitive details are kept hidden from the prying eyes.

The service is regulated by the UK Financial Conduct Authority, confirming Volt is a trustworthy and reliable payment provider.
In addition to tokenisation, Volt employs Circuit Breaker, a system designed to prevent fraudulent activities.

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