Abaqoos Payment and Withdrawal

As more and online gamblers and shoppers become wary of inputting their bank or card details online, new, innovative companies are coming up with ways around this problem.  A number of online payment solutions have appeared, some of which are targeted to specific geographical locations.  One such is example, is Abaqoos, a Hungarian virtual wallet, which allows you to make gambling deposits, without having to provide the website with your bank or card details.

The Facts

Website:  www.abaqoos.com

As stated above, Abaqoos is a Hungarian virtual wallet, owned by the E Group in Budapest.  Therefore, it is only available to those people who are resident in Hungary.  This seems to be changing and Abaqoos do have plans to expand within Europe but at the time of writing, it’s difficult to use the service, if you like outside of Hungary.

Upon opening the website, you will notice Abaqoos refers to both the Abaqoos Wallet and the Abaqoos Voucher.  For online gambling purposes, it’s the Abaqoos Voucher you will be using.  You will need to register an account on the website, to use the Abaqoos Voucher and when you do so, you will be asked what you intend to use the voucher for.  In this instance, we want to use it for online gaming, so select that option.  Please make sure you select the correct option because once chosen, it can not be changed and your voucher will only be available to use for that specific activity.

You can then select your bank from the list and add funds to your Abaqoos Voucher online.  If you do not wish to do this, it’s also possible to add funds over the phone.  Either way, you will need to provide your bank details to do so.  It’s also possible to go in to your local bank and make a transfer on to your Abaqoos Voucher, using cash, if you would prefer.

The money should appear in your Abaqoos Voucher in 5 minutes and be ready to use.

Using Abaqoos to Bet Online

As mentioned above, Abaqoos have a voucher available specifically for online gambling, therefore, there are a wide range of websites which accept it as a deposit method.  Examples include, Bet365, BetClic, Betfair, PartyPoker, PokerStars, William Hill Casino and Bwin.  There are currently 12 online gambling websites which are accepted, according to the Abaqoos website.

To make a deposit using Abaqoos, locate the payments page of your gambling website and click on the Abaqoos logo or link.  You will be asked to enter the amount you would like to deposit and then taken to the Abaqoos website.  Having logged in and confirmed the details of the deposit, you will be redirected back to your online gambling account and the money will be instantly available for you to use.

There are no fees involved when using Abaqoos to make deposit and you can reload the voucher as often as you like.

Abaqoos can also be used to make withdrawals from online gambling accounts, which is great news.  However, in order to use this service you will be asked to provide your bank details, as the money will be transferred, via Abaqoos, directly in to your bank account.  Therefore, if you do not like to provide your bank details in this way, you will need to find an alternative to withdrawing your money.  That being said, unless you are signed up to another e-wallet service which does accept withdrawals, you will always have to provide some form of bank details, to withdraw money from your online gambling account.

Abaqoos Advantages

•  It’s free to use when making a deposit
• Safety and Security is very good, having recorded over 1 billion HUF transactions.
• No banking or personal data is shared with the gambling company when making a deposit.
• It’s possible to reload your Abaqoos Voucher whenever you choose and this can be done by cash, at a bank.
• There is a specific Abaqoos Voucher for gambling websites.
• There are no minimum or maximum deposits.
• Can be used to make free withdrawals.

Abaqoos Disadvantages

•  You need to register on the website to use Abaqoos.
• The Abaqoos service is scarce outside of Hungary.
• Abaqoos is limited in it’s other uses, other than online gambling and buying event tickets in Hungary.
• Withdrawals are possible but you need to input your bank details.
• There are no limits to the amount you can deposit using Abaqoos, which can be a problem for those who struggle to control their spending.

Summary

• Abaqoos is available to people who bank in Hungary
• You are required to sign up on the website
• The service is available for online gambling or the purchase of event tickets only
• It’s free to make deposits of any amount
• Withdrawals are possible but you need to provide bank details