Euteller is an online payments facilitator that is commonly used by people in Finland. It has become the country’s most popular way of making online payments (even more so than alternatives such as PayPal) because it is safe and secure, and is recommended for use by all of Finland’s major cooperating banks.
Euteller is not an eWallet like PayPal or similar options such as Skrill, Neteller, ecoPayz and AstroPay. It is one of many companies providing similar services that link merchants with participating banks’ online payments services. These services tend to be country-specific, such as Interac Online in Canada, eps in Austria and EasyEFT in South Africa.
A Brief History of Euteller
Euteller began life as a private company in 2007. The company was looking at ways in which customers could make online payments without having to open an eWallet account, such as with PayPal, Skrill or Neteller.
The company created an API that could link merchants’ financial processes to the internet banking facilities offered by banks in Finland. The company based itself in Turku, in Finland, where it remains to this day.
By 2021 Euteller had transacted over 15 million payments online, helping merchants accept online payments without the need for them to create their own online payments facilities.
Most online casinos that accept players from Finland will usually accept payments made via Euteller. Euteller is not usually available to players outside of Finland unless for some reason they have an account at one of the participating bank and online banking facilities.
Euteller – Pros and Cons
- Easy to use and secure
- Accepted by many casinos that accept Finland-based players
- No need to open a Euteller account
- Only available to players in Finland
- Not usually available for withdrawals
- You need a Finland-based bank account in order to use Euteller
How to use Euteller at Online Casinos
As previously mentioned, Euteller is not an eWallet. This means you do not have to open a Euteller account in order to use this payments facilitator at any online casino that allows for Euteller payments. Indeed, it is not possible to open a Euteller account, and you already have the Euteller function if you have an account (and an internet banking facility) at one of the following banks:
- POP Pankki
To make a deposit at an online casino via Euteller, you need to head to that casino’s cashier page. Go to the ‘deposits’ section and choose ‘Euteller’ as your payment method and add the amount that you want to deposit. Click the confirm button when all is okay.
You will be presented with the full list of banks that have signed up for the Euteller internet payments scheme. Choose the bank from which you want the deposit to be taken from.
Next, an applet that contains your bank’s usual internet banking facility will open up. You will be asked to enter your banking username and password at this stage. If you have qualms about entering these details, then you need to know that you have no reason to worry. Your bank provides this applet, and your details will be encrypted and secured in the usual manner that your bank utilises.
If all looks okay, then click on the button to confirm your acceptance of the transfer. Your bank will then facilitate the transfer of your money from your bank account and into your online casino account. The process should not take more than a couple of minutes.
Euteller is a one-way process, I.e. customer to merchant. There are ways that online casinos can transfer money to your via Euteller (the same as a merchant issuing a customer a refund), but most online casinos that accept Euteller payments will not set up this function. Therefore, if the times comes for you to withdraw money from your online casino account, you will need to find an alternative method of making the transfer.
Transfers via Euteller do not come free of fees. You will be charged 1.95% of your deposited amount in order to complete your Euteller transfer.
Safety and effective are two words that can be used to describe transfers to trusted online casinos that are enacted by Euteller. Identifying theft will always be an issue when making payments via the internet, so security and encryption are very important. As the security provided via Euteller is provided by the banks themselves, it is harder to think of an online payments system for online casinos that could possibly be more secure.
No matter how you make your deposits at any online casino, make sure that you always adhere strictly to guidelines concerning gambling responsibly.
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Is Euteller only really available to people to Finland?
How quickly will my Euteller deposit be completed?
If I can’t use Euteller to make a withdrawal, what should I do?
What currencies can I use with Euteller?