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Payment methods are now as big a draw to online casinos as the games that are on offer. Ilixium has quickly become one of the fastest growing banking options available to players, joining the ranks of PayPal, Neteller and Boku.
If casinos don’t offer digital wallets like Ilixium, then some players just won’t sign up with them. But sometimes each online payment method can have its own little nuances for making secure transactions. So what exactly is an Ilixium casino deposit and how does it work?
What are Ilixium Casino Payments?
As we have eluded to, Ilixium is an online digital wallet, or e-wallet. They allow online businesses, such as e-commerce or those providing digital products, to facilitate payments between the customer and themselves; with the majority of worldwide and crypto currency options available.
Recently, online casinos and gambling sites have started to notice the rise of Ilixium and the benefits of using e-wallets like them. Some of those benefits will become apparent later on.
In fact it’s not only casinos that see those benefits, major baking institutes including MasterCard and Visa have partnered with them. As have more recognised gambling payment providers such as Trustly and Ideal.
Is Ilixium Secure?
One of the biggest concerns when making any payments online or using a new provider is security. Online payments in general are constantly adapting to both customer needs and attempts to breach their security. So how does Ilixium stack up?
According to their website, Ilixium state that they are members of the Electronic Money Institution. The EMI is a UK authorised agent regulated by the Financial Conduct Authority (FCA).
This demonstrates that as an online and financial company, the transactions and details of their customers are safe and protected. They and other e-wallets achieve this by implementing encrypted security technology, which provide a safe connection between their bank and the casino site.
How to use Ilixium at Online Casino Sites
Regardless as to whether you are registering at a new Ilixium casino like Zodiac, or adding it at your usual gambling site, making a deposit is a straightforward process. For new sites you will need to provide the usual information to satisfy compliance with the UK Gambling Commission. Once that has been done you can then select Ilixium as your preferred payment method.
If you haven’t used Ilixium before, you will also need to complete their registration process, then link your chosen bank account for transferring and withdrawing funds. At the point you are ready to make a deposit, there is another level of security, known as ‘PinPay’. PinPay is a code provided to confirm transactions before they can be completed.
Ilixium Transaction Fees
One of the first things most people want to know when using a new provider, is whether there are any fees for making payments.
If you are using Ilixium to make a direct transfer to or from your bank, the transaction is completely free. The only time you will pay any fees is if you opt to hold funds in your account then transfer them to your bank or the casino.
Mobile Payment Experience
As most casino players prefer to do their gambling on mobile devices, it’s only logical to expect payment providers to be fully compatible
Thankfully Ilixium can be used equally as easily on mobile as it can on desktop, thanks to their PinPay function. Regardless of which device you are using, iOS or Android, their mobile optimized site is easy to use.
Summary of Online Casino Ilixium Payments
There are certainly plenty of pros for using this payment method, but there are also a few cons, the biggest one being availability. Unfortunately there are currently only a few Ilixium casinos available, but just as Phone Bill Payments did, we’re expecting this to change soon.
With regards to the benefits, as with other e-wallets they’re simple to use and tie in well with casinos. You can also expect fast withdrawals of winnings and quick payments, with most being processed within 24 hours.
Another consideration to make when using Ilixium at a new site is the welcome bonus. Unfortunately most new casino account promotions tend to exclude e-wallets, so make sure you check the fine print before signing up. But if that isn’t an issue for you, then there’s no reason you should make an Ilixium casino you’re next gambling site.