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If you are looking for the best Bambora casinos , or want to know more about this payment method, look no further. Did you know that Bambora deposits and withdrawals are very popular among gamblers? Below we present a top list of the current best online casinos that accept Bambora and also we guide you through everything you need to know about this.

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Bambora Overview

Bambora, formerly known as Beanstreams, is an online payment service originally designed for retail. The company has slowly entered the iGaming sector, offering online casinos a secure and fraud-free way to process payments, even in extremely high volumes. All this is realized through the special PaymentIQ system, to ensure that the payment platform can continue to meet the requirements of the internet casino over time as it grows.

With offices in Sweden, Norway, Finland, Denmark and Canada, Bambora is actually a combination of different companies in the payment solutions industry that can benefit from many years of experience.

Using Bambora in Online casinos

Owned and operated by Ingenico, Bambora is actually an entity made up of several payment processing companies. Since its inception, the company has remained true to its original goal, which is to simplify the industry, especially for medium and small traders. After expansion due to several acquisitions with KeyCorp, Mobile Payment Solution, ePay, Samport and several other payment methods, the company has also partnered with a number of New Online Casino which today offers its services to its customers. Some of these are listed here.

Compared to many other payment options, Bambora is not a typical payment method used by casinos to facilitate payments and withdrawals. Instead, PaymentIQ works behind the scenes within the casino's back-end to enable faster and more convenient payment processes – which players can take advantage of in a whole new way.

To use the service when playing in online casinos, players have mobile and standard online payment options with Bambora. The service supports more than a hundred different currencies, as well as many credit and debit cards, including Maestro , MasterCard and Show .

Create An Account

Unless you currently own an online casino, creating an account with Bambora or PaymentIQ is not something you need to do. Instead, this system is built into the fast casino and you can simply interact with the payment method of your choice. So you don't need an account – you might not even see the system at all.

Deposits and withdrawals

Although Bambora is not a system that facilitates deposits and withdrawals manually – you would not request a withdrawal directly through PaymentIQ – the system is an integral part of the payment process. Casinos use this particular service to streamline the payment process in general. And all without ever having to click a button or select it as the deposit or withdrawal method of your choice.

With hundreds of thousands of payments made every day, it makes sense that specific processes, such as the payment of rewards, are delayed. PaymentIQ speeds up that back-end process so casinos can cash out withdrawals and prizes faster and deposits get to the right place faster. It works in conjunction with your choice of deposit or withdrawal payment method, rather than as a solo process.

Transfer times, costs and security

Fast transactions are part of why Bambora is so successful. Casino members can expect deposits to appear almost immediately on their casino balance. Withdrawals differ as they depend on individual casinos and your chosen payment method. However, you should not wait more than a few days.

Bambora charges companies fees for all transactions that occur through Bambora. That means players shouldn't have to pay any fees when depositing or withdrawing money with it. However, some online casinos may charge players for using this payment method. Make sure you double check for any charges before using this payment method.

The company uses 3D Secure, an online payment security solution to prevent online card fraud. The system is designed to verify that the cardholder is making the transaction. How this verification is done varies from bank to bank. The company is also PCI DSS compliant and protects merchants from chargeback claims.

Benefits of Bambora

What benefits the online casino benefits the player, so you may not see the benefits immediately, but they are certainly there. Some of the main advantages of this particular platform are as follows.

• PaymentIQ supports a wide range of payment methods, making it incredibly easy for casinos to provide players with a wide selection of deposit and withdrawal options.
• Monetary support. All currencies are supported with Bambora, which reduces restrictions for players in specific casinos.
• PaymentIQ uses Bambora's rules system to prevent fraud, which benefits both the casinos and the players by ensuring that fraudulent transactions cannot pass through the system. Good news if your credit card is ever stolen.
• For players frustrated by slow prize payouts, Bambora speeds up the process, making it easier for casinos to cash out that hard-earned reward the same day.

Disadvantages of Bambora

• Bambora has a slightly less than favorable reputation in terms of support. While this has more of a direct impact on casinos than on players, it may mean it takes longer to resolve payment processing issues – which could lead to potential downtime.
• Relatively untested. PaymentIQ may be gaining popularity, but it is still a relative newcomer to iGaming. This means that your casino can use a system that is less proven than a competitor that is already established – which is always a small risk. Bambora has made its way into the casino industry, but it's a side branch of their main e-commerce product and that's why it may not be as robust or well-designed as their flagship products are.
• No accessibility for players. Obviously, Bambora is not directly accessible to players – so you will not receive the full benefit of the system.

Play at Bambora Online Casino | Frequently Asked Questions