Although comparable to an e-wallet, Abaqoos is an online voucher system that may be used by online players to fund their casino accounts. Based in Hungary, the group is operated and owned by the E-Group Company whose focus is loyalty systems and financial transactions. This payment solution has also been actively developed for the overseas market mainly in the Asia Pacific plus the United States and 50% of the group’s revenues are currently from overseas markets. Unlike many other online financial systems, Abaqoos affords users an ability to deposit using cash and it’s accepted at a range of online portals. Abaqoos is one of the most convenient ways for players from Hungarian to make deposits.
The system revolves around a voucher system and requires users to first register an Abaqoos account where they’re given a unique voucher. Users have two methods of funding the voucher; the first is via bank transfer and is also the most convenient method and the second is through a cash payment. Players may use either of the two methods so long as they operate accounts at one of the following banks: Raiffeisen Bank, Unicredit Bank, OTP Bank, MKB Bank, K&H Bank, Erste Bank, CIB Bank or Budapest Bank.
Before users can any transfers, they must first register with the Abaqoos website so as to access the blank vouchers to transfer funds to. These vouchers may be recharged when need be and they can also be recharged over the phone via making a bank transfer. Players should note that once they have chosen Abaqoos voucher for playing online, that voucher can only be used solely for the purposes of online gambling.
How to Deposit With Abaqoos
Abaqoos has accounts with all banks mentioned above and a cash deposit is usually credited within 5 minutes. The processing time of a bank transfer will depend on the bank(s) used plus the time the deposit was made. It isn’t possible to fund this voucher using a credit card but transactions to and from Neteller accounts are accepted. Once the money has been loaded onto a voucher, the user is able to quickly make a deposit into any of the participating online casinos. Users don’t need to deposit all of the money on their vouchers at once. The steps to follow are as below;
- Click the “Abaqoos” tab on a casino website’s payment page
- The system redirects to the Abaqoos website
- Log in then enter username plus the password
- Enter the necessary details plus deposit amount then confirm payment
- The system then redirects back to the online casino site
Abaqoos online payments are instant, anonymous and they’re conducted along with the highest security standards as regards internet money transfers. Moreover, this service is offered free of charges as users don’t need to pay for deposits, uploads, receipt or even withdrawals.
Advantages of Using Abaqoos
One great advantage of Abaqoos vouchers is that personal or banking information is not revealed to online casinos. Additionally, the payments are quite fast, which is an advantage for players since they can begin playing when their deposits are transmitted instantly to casino accounts. When using the Abaqoos system, players have the option of paying cash to purchase the vouchers. Other advantages that come with this payment deposit method include;
- Like most online payment methods, Abaqoos offers users an extra shield of security that cannot be provided by direct bank transfers or credit cards
- This payment solution doesn’t require players to complete complex verification processes to acquire the vouchers
- The Abaqoos voucher doesn’t expire since it has no date limit
- The voucher can be easily recharged through the phone
- An additional service is an Abaqoos wallet which is open to all OTP Bank customers
- The possibility to pay an online casino deposit with cash comes in very handy for many players
Disadvantages of Using Abaqoos
Compared to e-wallet solutions that afford players instant credit card or bank deposits, the Abaqoos voucher is a bit slower even though it’s highly convenient. This deposit method is strictly available to people living in Hungary only. There are only a handful of online casinos that offer players the Abaqoos voucher system as a method of depositing and players can only cash out using the same system. Moreover, players can’t recharge theses vouchers using any form of a credit card.