There are multiple payment methods available to those looking to deposit to their online casino balance and newer services are becoming ever more popular with the general user base. One such is the prepaid card utilized by thousands of Australian and Canadian players – Flexepin. This payment service was only established in 2015 but it has already gained a significant user base that is constantly expanding. The company behind it is Flexewallet Pty Ltd, founded back in 1996. Flexewallet is regulated by the Australian Securities and Investment Commission and it holds an Australian Financial Services License, while in Europe it is an authorised representative of CFS Zipp.
Despite being new to the online casino scene, Flexepin has more than made up for this and is already being supported by a significant amount of online casinos. It allows players to be in full control of their money, offering them quick and secure transactions. Below, we will cover this payment solution and give you some insight into how it can benefit you to use Flexepin for gambling transactions at online casinos.
How it Works
Flexepin works much like any other prepaid service. It is available at many different retail locations, such as supermarkets, gas stations, newspaper kiosks, etc., and users may exchange cash money to receive a voucher. The prepaid comes in the form of a receipt slip and you will see a 16- or 19-digit code on it. This PIN number may be entered any time that you wish to make a deposit and it is very important to keep it safe since without it, you will not have access to your money.
Flexepin is available in multiple denominations, including CA$20, CA$50, CA$100, CA$150, CA$250, CA$300 and CA$500. Additionally, the service also supports the Australian Dollar, the Euro, and the Great Britain Pound. We expect that as Flexepin expands on an international level and its popularity grows, so will the number of supported currencies. Currently, Flexepin is only available in Canada and Australia, making its potential user base slightly limited. However, the service was only established in 2015 and it is reasonable to expect that new countries will be added to the list.
Something which you should note is that Flexepin users may only hold vouchers that amount to a total sum of CA$5,000 or the equivalent in the supported currency. Moreover, only consumers above the age of 18 will be allowed to purchase vouchers. Sometimes merchants may ask for ID when you go to buy a Flexepin voucher.
Making a Deposit with Flexepin
Making a deposit with Flexepin is one of the easiest and most simplified methods of topping up your casino balance. Once you have registered an online casino account, simply go to the cashier page and look for the prepaid options. From those, select Flexepin and a window will pop up. There you will have to enter the sum that you wish to deposit and the code printed on the receipt. After that, all you have to do is confirm the transaction and watch as the money becomes available in your casino balance. The deposit will be processed immediately you can begin your gaming session at once.
Something that you should be aware of is that you should always deposit the full value of the voucher when using Flexepin. If you do not, then the remained of it will be lost and you will not be able to use the same PIN code again. Unfortunately, this is how this payment method works and if you load CA$50 onto a Flexepin voucher, you have to deposit all of it.
Making a Withdrawal with Flexepin
When it comes to collecting your winnings, you will notice that Flexepin is not in the available payment methods. Unfortunately, Flexepin, much like every other prepaid service, is unable to process withdrawals. This is the unpleasant reality with prepaid cards that the money can only travel one way. Their very nature prevents them from being used again.
In such a scenario, online casinos will offer you a different method to withdraw your balance. Usually, this will be via a bank transfer, or alternatively, via cheque. While these are not the ideal solutions, this is not something which can be helped.
Fees and Charges
In regards to how much this service would set you back, you will find that Flexepin is one of the most cost-effective payment methods out there. While there are some fees for using the service, these are quite small and will not break your bankroll under any circumstances. One such fee is charged monthly for maintenance in the amount of CA$4.00 after the Use By Date, which is automatically withdrawn from the voucher’s balance.
Flexepin does allow users to withdraw the full value of their voucher within a year of purchasing it. Users can recoup the full sum of their balance at no cost to them, as long as they submit a claim within 14 of the purchase date. Those who submit their claim after the Use By Date will be charged a fee of CA$30.00 for the service. Requesting a refund is simple and it involves contacting the service’s customer service team. Additionally, you may also be asked for proof of purchase and identity to verify that you are indeed the owner of the voucher.
Additionally, some online casinos may charge a commission for the transaction when depositing to your casino balance. While this is rare and more websites are moving away from this practice, there are still a sizeable number of online casinos out there that take a percentage of the whole deposit sum. Generally, this will be no more than 5%, but we recommend avoiding such websites nonetheless.
Advantages of Using Flexepin
By now, you must probably want to know more about this service. If that is the case, allow us to share with you some of the advantages that you will be able to benefit from when using Flexepin.
For one, Flexepin is one of the most accessible services at your disposal. Vouchers are available at many retail outlets such as supermarkets and gas stations, meaning that you will not have to go out of your way to acquire one. You can simply pick one up while going about your daily routine. This level of convenience is not offered by any other type of payment solution, as most will require you to set up an account, verify your identity, etc., processes that can take up quite a lot of time. Flexepin, on the other hand, will not force you to do that. Instead, you can just pick up a voucher and start gaming, which brings us to our other point.
Flexepin gives you the benefit of instantaneous deposits. As soon as you enter the PIN code and confirm the transfer, the money will become available in your casino balance, giving you the opportunity to immediately start wagering with no downtime. Again, this is very convenient and we have no doubt that you will appreciate it a lot.
Flexepin is available in multiple denominations, meaning that just about any type of player will be able to use the service. When you walk up to the counter and ask for a voucher, you will be able to load it with CA$20, CA$50, CA$100, CA$150, CA$250, CA$300 or CA$500, depending on your needs. Purchasing a prepaid card is free of charge, not counting the money that you wish to load it with, which means that you will have no extra fees if you plan to use it immediately. Even if this is not the case, the company will only incur charges on your balance after the Use By Date has passed, which are not that high when you take everything into consideration. If the voucher has not been used for one year you will be charged CA$4.00 per month, a sum that will not have any significant impact on your bankroll.
Additionally, Flexepin supports some of the most popular currencies in the world, namely the Canadian Dollar, the Euro, the Australian Dollar and the Great Britain Pound. This means that you will not have to pay any exchange fees when depositing to an online casino since these currencies have become universally supported. Moreover, as Flexepin expands on an international level, we can expect more currencies to be included.
Flexepin, similar to other prepaid services, is an ideal payment solution for those on a budget, such as casual players and problem gamblers. If you do not have a lot of money to spend, but still wish to engage in some online gambling, Flexepin will help you stick to your budget. Once the voucher has been used up, you will not be able to transact any more cash, thereby keeping your finances in check. Moreover, the fact that you will have to go back to a retail outlet to purchase a new voucher will disincentivize you from spending any more money. Problem gamblers, on the other hand, will be able to control their spending and not deposit their life savings if it goes bad. Flexepin is perfect for these kinds of players since the voucher becomes useless once it is used.
Anonymity is a major advantage that Flexepin can offer you, but one that is sadly overlooked all too often. When on the Internet, it is in your best interest to submit as little personal information as possible. After all, you never know what might happen if that data becomes compromised. Online casinos have very complex systems in place to prevent this from happening, of course, but it never hurts to be a little cautious. Flexepin does not require any of your personal or banking information for you to use the service. Basically, you exchange cash for a voucher that can be used on the Internet with no questions asked. When you make a transaction with Flexepin, all that you enter is the PIN number printed out on the receipt. This will keep your personal information away from those who would exploit it and you will be able to enjoy your gaming sessions in peace.
All in all, there are plenty of good reasons to use Flexepin and it all basically, boils down to to the fact that you can make instant transactions and enjoy full anonymity. Additionally, the fact that you can purchase a voucher when buying groceries is an additional perk and it adds to the overall quality of the service.
Disadvantages of Using Flexepin
Having covered the good features of Flexepin, we also feel obligated to give you information regarding its less desirable aspects. As it happens, for every advantage that Flexepin offers you, there is a disadvantage that may hinder you. Below, we will cover some of the most important ones that are likely to affect your decision in choosing the service or not.
One of the least favorable features of Flexepin is the inability to withdraw your winnings using the same service. This is a problem not just with this service in particular, but with all prepaid solutions in general. When you make a deposit with Flexepin, you will have to resort to another means of payment when you wish to collect your winnings. In such a case, online casinos usually offer to pay via a bank transfer or cheque, if available. These methods are less than ideal, as they are often slow and can take multiple business days to clear. Depending, on the type of bank transfer that the online casino uses, it may take a week and a half for your cash to appear in your balance.
Something else that you have to consider is that when you use Flexepin, you will have to spend the entirety of the balance all at once. This is somewhat puzzling, considering that no other service really does this. Basically, this means that you will have to consider how much you want to spend on each transaction prior to even buying the voucher. It would be much simpler if you were allowed to make smaller transactions multiple times as it gives you more flexibility, much like Paysafecard allows you to. Instead, you will have to transact the whole balance and if you do not, any money remaining in the voucher will be lost, as a PIN can only be used one time. So if you want to play at several online casinos at once or use Flexepin for something else, you will have to buy multiple vouchers in smaller denominations. This also brings us to our next point.
Since the vouchers come in the form of a receipt, you have to place special care not to lose them or toss them in the garbage with other notes. This one is not so much a problem as it is a nuisance, as you will have to pay special attention to your vouchers as they can easily be lost or damaged if you are not careful. If you do lose your prepaid voucher, there is practically nothing that you can do. The company does not give refunds for lost cards, nor can it reimburse you in any way, therefore be sure to always store them in a safe place.
One aspect of Flexepin that may be convenient for some players, may prove to be the opposite for others. Since Flexepin is only available at retail outlets, it could be impractical for some players to have to go to one every time they wish to purchase a voucher. For example, if the location is too far away or is one that you do not frequent on a regular basis. Also, you may find yourself in need of a voucher after business hours when the stores are all closed. This could potentially be highly inconvenient and can make all the difference whether you use this service or not.
Finally, we also have to state that Flexepin is only available in two countries – Australia and Canada. While this may not seem like an issue at first, bear with us. Firstly, this means that international players are automatically excluded from using Flexepin, thereby missing out on a good service. This means that the overall user base will be much smaller than it potentially could be. A smaller user base, on the other hand, makes online casinos hesitant to support this payment method as it may not prove beneficial to them. As a direct result, there is a smaller number of gambling websites that accept payment via Flexepin. Of course, this could also be attributed to the fact that Flexepin is still in its early years and not many players have got around to using it, but that is only part of the reason.
Overall, Flexepin comes with a distinct set of advantages and disadvantages. Some features of the service may have a greater effect on some players than others, but can only be decided on a case by case basis. It is up to each individual user to weigh the positives and the negatives against each other and draw their own concussion regarding Flexepin.
Security is another major aspect that we have to consider. When we go online and submit our personal information we have to be sure that it will remain personal. Where Flexepin is concerned, we can safely say that this is one of the best services in terms of security due to the simple fact that there is no personal information to reveal. This is one of the best features of Flexepin, the fact that you will no be asked to reveal anything about yourself. No other service type can provide you with this much privacy. After all, there is no personal data to steal if you have not submitted any. This service is as reliable as they come and you will not have to worry about your data falling into the wrong hands.
The only scenario in which you will be asked to prove your identity is when you are requesting a refund of your Flexepin voucher balance. But even then, the company abides by all government rules and regulations regarding users’ personal information and have high-tech security systems in place to prevent any data leaks. As a result, you can always use Flexepin knowing that you will not become a victim of identity theft.
High-quality customer support is of very high importance in the online services industry and companies are always looking to make sure that their users’ experience is as good it can possibly be. It is in the company’s best interest that its customers are happy and satisfied with their service. This is why Flexepin offers some of the best customer service in the online payment industry. The customer support team does an excellent job of solving customers’ problems and answering any and all enquiries regarding the service. They work diligently to make sure that everything runs as smoothly as possible.
In the event that you need assistance, feel free to rely on the support team. The way to contact them is quite simple. To do so, just load up the Flexepin website in your browser and make your way to the ‘Customer Support’ page. There you will find a form which you will have to fill out. It is a detailed description of your question or issue and you will also have to supply your name, telephone number, email address, and the subject of your issue. The support team seeks to resolve all issues as soon as possible so you can expect a reply within the next 24 hours.
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