Lobanet stands for “Local Banking Network.” Lobanet is a mobile and online payment method that is directed at gamblers and online players living in Central and South America. It serves Argentina, Mexico, Chile, Peru, Brazil, and Uruguay among other locations. Lobanet offers real-time transfers that connect directly to personal bank accounts.
Lobanet has been operating for over a decade, but they recently expanded to being a common deposit method for online gaming. Lobanet is available at most online casinos and serves a number of banks in Central and South America. However, instant service is not available for all banks.
Lobanet is also a payment method for other online goods and services, not just online games and gambling. They call their system a “lightweight Latin American technology platform.” It plans to expand its services to several other countries soon, including Colombia, Ecuador, Paraguay, Venezuela, and Bolivia.
Perhaps the most unique feature about Lobanet is that users can transfer funds without signing up with Lobanet or providing any personal information. This makes the transfers extremely private and safe.
Depositing with Lobanet
To make a deposit using Lobanet, select Lobanet from the list of deposit options at your online casino. Then, select the deposit amount and confirm that amount. Chose the bank country and bank name. Then, Lobanet displays the reference number and other information. The user should write this information down accurately because the user’s bank will need the information in the next step. Click submit. Then, the site directs the user to their bank homepage. Users deposit the funds into the designated account using the information previously provided. Once the deposit has been made, Lobanet lets the online casino know instantly and includes information on the transaction number. Credit appears as soon as the online casino has this information.
There is no need to keep a balance with Lobanet, and, in fact, Lobanet does not ask any personal information when using Lobanet to make a deposit. The transaction will go through as long as the user’s bank and country support Lobanet as a payment method. It is important to note, however, that not all banks in the supported countries have instant payments available. It can take a few hours or a few days to make deposits when instant service is not available.
Advantages of Lobanet
Lobanet offers real-time transfers for supported banks, so gamers and gamblers do not have to stop their gaming for long to obtain funds. The direct connection to the users’ bank account is helpful to track payments as well. Lobanet still offers security because of the way that it connects to the bank. The bank and Lobanet must authorize the transaction, which helps prevent fraud and theft. Lobanet does not require its users to register to obtain an account, so players share virtually no personal information with the online casino site or Lobanet. Because Lobanet directly connects to your bank account, there is no need to worry about “reloading” the account like prepaid cards or balances held with other payment types.
Lobanet tailors its services to Latin American gamers and gamblers, so they accept a number of different currencies, which is helpful to avoid any conversion fees. In addition, Lobanet does not charge any transaction fees at all. Lastly, Lobanet offers comprehensive customer service that is available in both Spanish and Portuguese.
Disadvantages of Lobanet
The major disadvantage of this system is that it is only available to those who live in Central and South America and it only services a limited number of banks in each country. However, Lobanet plans on expanding its service countries in the very near future.