As a Canadian online casino player, you know that there are plenty of payment methods at your disposal, both local and global, that you can use for seamless transactions, but with Noda Pay, you’ll get a next-level experience. This is an open banking system allowing for the smoothest transactions ever, created with the aim to facilitate online banking. It is a method that is slowly getting accepted across many online casinos in Canada, since it is a rather new player on the market, it is yet to reach its peak. But, be one step ahead of everyone and be among the first to have started using it. What is Noda Pay and why use it across online casinos?
About Noda Pay
Noda Pay is a UK-based open banking solution that was designed in order to facilitate users’ online banking experience, allowing for the safest and smoothest transactions ever. Even though launched in the UK, the solution first expanded across Europe, in EU countries. But then, it shared its global expansion plans, about getting to Australia, ASEAN and Canada, too. It managed to make the geographic expansion in the North American market by partnering with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), which is the country’s intelligence unit. That means, as a Canadian user, you can rest assured that your money will be safe with it since this is a unit that facilitates the prevention, detection and deterrence of money laundering and the financing of terrorist activities.
That’s not the only reason why you can put your trust in it. In fact, the solution has been properly regulated by the Financial Conduct Authority in the UK and has partnered with over 500 banks to offer users better control over their banking activities and have better access to its services.
But what does Noda Pay do really? Well, it is an intermediary service providing users with the opportunity to transact using their bank account or credit/debit card directly, without paying any fees. As long as you have a bank account with one of the more than 500 partnered banks, you’ll be able to make fee-free transactions within seconds. Some of the popular banks you could consider are UBS, Deutsche Bank and Santander.
As we said in the introduction, though, the solution is a pretty new player on the online banking scene, being launched in 2020, but it has become a rising star in such a short time. By June 2021, even though it started in the UK, it was offered across over 10 EU countries, and as you can see, its appetite for expansion only increased. By May 2022, 90% of UK and EU bank users were connected to its network, and that same month, the solution shared its successful partnership with FINTRAC in Canada.
Therefore, you should not be surprised that the solution has quickly entered the online gambling industry, too. It is being offered by several Canadian casinos already, but you will find it across many international casinos accepting Canadian players, too. Stay with us to learn how to get started with it and use it across the best sites.
Getting Started with the Solution
The sweetest thing about Noda Pay is that you don’t need to create an account to use it. You’d only need to be eligible to use it, to have a bank account with one of the partnered banks or a credit/debit card, and that’s all. You won’t have any extra usernames and passwords to remember, which is great.
Now, as an online casino player wishing to make a deposit through its system, you’d only need to choose it as your payment method. Next, you’d need to enter your bank account or credit/debit card details, and through the direct payment tab on its web/app, your transaction will go through! As easy as that! Naturally, the casino you’re depositing at must have integrated with it first, meaning created an account with it. If that’s not the case, the solution won’t be able to perform the service, and actually, its logo won’t be found among the offered payment methods.
So, as long as the logo is there, you can rest assured that the casino has integrated with it. And, as long as you have a bank account with one of the many partnered banks, you’re eligible to use the solution. Let’s see next how the actual depositing process would go.
Depositing and Withdrawing
First, you need to know that here at CasinoReports.ca, you’ll find several casinos already offering Noda Pay, such as ZotaBet, QueenSpins, ScatterHall and CasinoJax, to name a few. But as mentioned, the solution is getting accepted across so many other casino sites available to Canadian players. Due to its user-friendly platform, players and operators alike prefer using its services over any other. Therefore, you’ll have plenty of choices to consider before you decide on the casino to go with. As soon as you find the one, create your account with it and you’ll be ready to make your first deposit.
Depositing with Noda Pay would involve the following steps:
- Visit the casino’s Banking page and go to the Deposits tab.
- From the offered methods, look for Noda Pay’s logo and select it as your payment method.
- Enter your bank account/card details in the pop-up.
- Specify how much you’d like to transfer to your online casino balance.
- Confirm the transaction and watch the money arrive in real time!
Even though, as you could see, deposits are processed within mere seconds, withdrawals take longer. The casino would need to check whether your cashout request is legit and whether you have won enough money to withdraw, having in mind any wagering requirements that needed to be met. Considering your request is valid, the casino will approve the withdrawal and you’ll get your winnings on your bank account/card. The entire procedure is similar to the depositing one, so you’d have no issues requesting your withdrawal.
As introduced, Noda Pay charges no fees whatsoever, on its part. Thanks to its partnership with so many banks, the service it offers is completely fee-free.
However, you should know that some casinos that offer it might charge a small fee for using Noda Pay as your payment method. These fees would be only a fraction of your transaction, barely noticeable, though, so you’d probably be okay paying them.
Considering the solution was launched in the UK and the EU countries are among the first to have embraced it, you should not be surprised to learn that the UK pound and the euro are the default currencies.
But, since the solution has expanded its reach to Canada, Canadian dollars are also an option. It has also shared plans on further expanding to Australia and ASEAN, so you should expect it to add other currencies such as the Australian dollar, the Singapore dollar, the Philippine peso, the US dollar and the Vietnamese dong, among others.
But we also said that the solution has expanded in Canada, and has plans on getting into the ASEAN and Australian markets. Whether it would share any further expansion plans, remains to be seen. For now, these are the countries that are found on the list of accepted countries.
On its modern website, offering information on every aspect of its service, you can rest assured that you’d be able to understand everything you need about the solution when you explore it.
But, if in need of more information, you can always go to the Get Support page. You’ll find answers to the most frequently asked questions there, but you’ll also see that you can contact its Customer Support team via Telegram, Skype or email. Therefore, considering all of this, it is safe to say that the solution offers exceptional service overall. In case you have a more technical question as an online casino player trying to make a deposit/withdrawal with it, make sure you contact the casino’s Customer Support team.
Noda Pay FAQs
Sure you can. This is a solution that allows you to pay with it by providing your bank account/card details. Considering you can do that on any device, it is only natural that you can use it via both desktop and mobile devices. Now, you need to have joined a mobile casino, though, in order to be able to join it via a mobile device and consequently use the solution to pay via your smartphone/tablet.
As mentioned, the solution is regulated by the Financial Conduct Authority in the country it was launched, the UK. Plus, it has partnered with leading banks, so these banks’ security systems are in place at all times. And, as a Canadian player, you have an added assurance knowing that the solution has partnered with FINTRAC, which ensures the protection of sensitive details under its control.
No, not really. Its website is, in fact, offered in English only. But since so far, it is offered across English-speaking countries or countries where English is the second most-used language, this is normal. Considering its expansion plans, though, more languages might be added in the future.
Absolutely not. This is a solution that functions thanks to its partnerships with leading banks, and as you know, banks are not authorized to offer digital currencies. Cryptocurrencies are decentralized in nature, meaning no banks or other authorities can have control over transactions with them, so no, Noda Pay does not offer transactions with crypto.
The first thing you can do is look at the bottom of the casino’s homepage and try to locate Noda Pay’s logo. It may not be there, because this is not necessarily where you find out info on accepted payment methods. So, the best way to check is to go to the casino’s Banking page. If you cannot see its logo, it might mean the casino has not integrated with it. But, just to be certain, contact the casino’s Customer Support and ask the representatives directly.