WebPay Plus is one of the most used payment methods at Chilean online casinos. This platform was developed by Transbank, the biggest credit and debit card processor in Chile. This is a secure banking method that will not share your data with the online casino. So, if you want to be super-safe concerning your finances, WebPay Plus is where you go.
The downside of the story is that WebPay Plus does not allow withdrawals. However, the good news is that you can use all your credit cards from different banks to make safe deposits. And the good thing is that WebPay Plus protects all the card information from the online casino.
Stick with us and go through our review to see all the benefits of WebPay Plus.
What is WebPay Plus?
The story of WebPay Plus starts with 8 different Chilean banks joining forces in August 1989. This was the formation of Transbank S.A., a leading credit and debit card processor in Chile. Over time, Transbank introduced Visa, Dinners Club, MasterCard, Magna cards, Checkline, and Redcompra debit cards, as well as Transnet, an online system that protects online transactions and makes them faster.
Webpay plus can be used for online gambling In 2000, Transban introduced the first two online payment platforms, called Redcompra and WebPay. In 2008, WebPay Plus was born. The easiest way to explain this payment platform is to present it as a classic middleman between you and the online casino.
Consider WebPay Plus as one of the safest methods for online banking. Your sensitive data is protected, and it never has to get in touch with online casino agents. This is probably the biggest reason WebPay Plus is used by most Chilean online casino players.
Deposits are instant, but withdrawals are impossible, meaning that you will have to find another way to withdraw your money.
WebPay Plus Account
Players don’t need to register with Transbank to use the WebPay Plus payment method. The only thing you need is a valid bank card (or cards) in your name, and you are good to go. Wherever you see the WebPay Plus logo, make the deposit hassle-free.
Company
Being one of the most important financial institutions in Latin America, Transbank opened its doors for business in 1989, created by the merger of 8 Chilean banks. At first, it was called the Sociedad Interbancaria Administradora de Tarjetas de Crédito SA. Later, the bank changed its name to Transbank, which is the proud owner of WebPay Plus.
Facts
Payment Type
Wallet
Headquarters
Chile
Founded
2008
Pros
Fast deposits
Secure payments
Supports multiple credit and debit cards
Cons
Supported only in Chile
Could charge fees
How to Deposit with WebPay Plus?
First, you need to register your account at your favourite online casino or log in if you already have an account. The next step is to visit the cashier page and select the deposit option. Search for the WebPay Plus logo and click on it.
The option will allow you to select the credit or debit card you want to deposit with. Enter the amount you want to deposit, as well as all the necessary card details. You will be transferred to your banking interface. Log in to confirm the transfer, and you will get the PIN code from the bank that verifies the deposit. After that, the amount will appear on your balance.
How to Withdraw with WebPay Plus?
WebPay Plus is not intended for withdrawals. That is why all players have to select a different payment method when withdrawing their money from online casinos.
WebPay Plus uses an array of security tools that keep your money safe. The Financial Market Commission supervises the payments. Practically, it’s the safest payment method in Chile.
You do not need an account to use WebPay Plus. You only need a bank account and a payment card.
Transfer Times and Fees
It doesn’t take too long to transfer your money from your bank account. After you finish the deposit process, it’s a matter of minutes, maybe even seconds. Of course, certain deposits might be processed differently, so you will have to wait a bit longer. As for fees, the bank might charge you certain fees, depending on the deposit amount.
Security
All transactions go through a familiar online banking ecosystem. This is the product of Transbank S.A., one of the most famous banks in Chile and in all of Latin America. It was established by the Constitutional Organic Law of the Central Bank of Chile. It is supervised by the Financial Market Commission and regulated by the General Banking Law. So, the government monitors Transbank’s every step.