eNets Payment and Withdrawal

While a number of companies attempt to offer a global service when it comes to online gambling payments and withdrawals, it’s not always possible to reach every market.  As a result, there are still many online banking companies, which have remained specific to single countries or regions of the world.  This applies to eNets, who are a banking service and internet payments solution, based in Singapore.

The Facts

Website:  www.nets.com.sg

Founded in 1985, eNets is widely regarded as being the first and only major electronic payments company to come out of Singapore.  It was eNets, who made it possible for banks to issue payment cards in Singapore and the company continued to grow, introducing the CashCard and the FlashPay Card.  These can be used for motoring, public transport and at all places which accept eNets as a form of payment.

Following this expansion, eNets continued further and developed their online payment system.  This can be used to pay for purchases on the internet and also to make deposits on gambling accounts.

As stated above, in order to be able to use the eNets online payment system to make deposits, you need to have a bank account with one of the connected Singapore banks.  In-fact, it’s the top banks in Singapore, including DBS Bank, OCBC Bank and United Overseas Bank (UOB), who own the eNets company.

As it stands today, 1 in every 3 people in Singapore, use the eNets system to make e-payments.

Using eNets to Bet Online

Firstly, you need to check the online gambling website you are using, accepts eNets as a payment method.  Head to the deposit page and look for eNets in the payments menu.  It may appear under a separate menu, such as ‘Instant Banking’, so check this, if it is not clearly visible on the page.  You will then be asked to select the amount of money you would like to deposit and the Singapore bank which your eNets account is linked to.

You will be directed to your own, online bank account and asked to complete the same details you would for any other type of online bank transfer.  Having completed this and confirmed the details, you will be sent back to the gambling website and the funds should appear in your account instantly.

If you would prefer to use a card, it’s possible to use a VisaCard or MasterCard, associated with your eNets account.  Although eNets do not charge a fee for using their online payment service, the bank linked with your eNets account may do, so please check first.

Thanks to a partnership with Skrill, eNets is available on many of the popular online gambling websites, from sportsbooks to casinos.  However, you will need to sign up for an account with Skrill to use this service and then use eNets to load your Skrill e-wallet with money.

Unfortunately, it is not possible to withdraw funds from an online gambling account using eNets.  Therefore, you will need to select another option from those available to you and check the fees and charges associated with that service, before making a withdrawal.

eNets Advantages

• Due to the fact eNets is linked to the major Singapore banks, all transactions are very safe and secure.
• Having an account with a Singapore bank, means you do not have to spend time signing up for the eNets service.
• Your bank details are never revealed to the online gambling website.
• Deposits appear instantly in your online gambling account.
• There are no fees when using the eNets service to make a deposit.
• It’s possible to use eNets on a mobile device.
• The limits of making a transfer using eNets are high, making it possible to deposit a large amount at one time.

eNets Disadvantages

• eNets is only available to be people with a Singapore bank account.
• You can not withdraw any money from online gambling accounts using eNets.
• It’s possible to make large deposits using eNets, which is not good if you find it difficult to control your spending.
• Although more online gambling sites are accepting eNets directly, you may have to make a deposit via Skrill.

Summary

• eNets is an online payment system available to people with a Singapore bank account
• Safety and Security is very high
• eNets do not charge a fee when using their services to make a deposit
• You can not withdraw money from online gambling accounts using eNets
• Some gambling websites require you to use Skrill, if you would like to deposit with eNets