Use My Wallet was specifically designed with online players and gamblers in mind. It is an e-wallet service that must be funded before using it on any online gaming or gambling website. Use My Wallet is associated with EcoPayz, and they use the same software platform. It is most commonly found in the United States. Transfers to the online casino are virtually instant.
Users can only be invited to participate in Use My Wallet, there is no signup option outside of the invitation process. Online casinos are the only entities that can invite users to use this service, but users can ask their casino of choice to invite them to use this service through a live chat option or via e-mail. Several online casinos offer a bonus for those that are invited to utilize Use My Wallet. Use My Wallet also allows the user to withdraw funds from their account relatively quickly.
Depositing with UseMyWallet
The first step to using Use My Wallet is to be invited to use the service. As discussed above, online casinos will invite users to try to Use My Wallet, but users can request an invitation as well. Receiving an invitation generally takes 3 to 5 days once it has been requested. When obtaining a User My Wallet account, online gamblers must submit identity verification information. All of the information to set up the Use My Wallet account should be in the invitation e-mail. Once Use My Wallet has verified the online gambler’s identity, then he or she can start using Use My Wallet.
Users must then deposit funds into their Use My Wallet account before making a deposit to the online casino. Gamers can deposit funds into the Use My Wallet account via bank transfer, Western Union, Moneygram, and credit or debit card. Use My Wallet accepts a variety of currencies as well.
Once the account is funded, simply select Use My Wallet from the deposit options listed on the casino’s cashier website. Enter the amount that the gamer wishes to deposit, and confirm the amount with the casino and with Use My Wallet. Depositing funds is virtually instant.
Users also have the option to withdraw funds from online casinos to their Use My Wallet account. However, withdrawing generally takes about five to seven business days. Users also have the option to cancel with withdrawing request within three days of making the request.
All of these services come with a transaction fee that varies depending on the amount and type of transfer. These fees are high compared to similar e-wallets. For example, Use My Wallet charges anywhere from $20 to $30 for withdrawing funds, on top of the charge that the bank will also apply to the transfer (because it is an international bank wire transfer).
Advantages of UseMyWallet
Use My Wallet offers a secure way to instantly transfer funds to online games and online casinos. It is relatively easy to use and any casino that invites the user to try to Use My Wallet will accept that type of payment method. There is a lengthy verification process that ensures that the user’s information is safe and secure. It also offers a withdrawal option, which is somewhat rare for online payment systems.
Disadvantages of UseMyWallet
Use My Wallet is only available via invitation. It also charges fairly high fees for its services. Although the deposit method is instant, withdrawing funds takes five to seven business days. This payment method requires extensive identification information to set up an account and is only available at certain casinos for United States players.