iWallet Casinos
The concept of the iWallet is to provide customers with one convenient online method for processing and managing payments for personal or business purposes. The solution is geared for the Japanese, Chinese and Malaysian markets. Europe is a service area as well but is less commonly used in this region. Support centers are established in Europe, Hong Kong and the Philippines. The company stands firm behind a belief that fees should be low and while their fees may be low, there are plenty of them. Before you dismiss this e-wallet though, there are positives and negatives with every payment method, and in the case of iWallet, the good outweighs the bad.
How does iWallet work?
The process of opening an account is completed within a few steps.
• Specify whether your account will be used for individual or corporate purposes.
• Enter your email address, name, birth date, country of residence and set a password.
• A verification email is sent containing a URL. Click the link to verify your account.
You can stop at this point leaving your account somehwat anonymous and unverified, but there is a payout limit of $1,000. To gain full account access, Know Your Customer procedures are carried out to further verify your identity. Submit the additional information, which includes a valid passport or driver’s license and proof of address such as a bank statement or utility bill. Image size requirements apply for these documents, which must be sent in JPG, JPEG, PDF, PNG or GIF format. Corporate accounts will be subject to slightly different procedures via email and customer support.
Depositing into your account may be done via bank wire or credit card. Funds from bank transfers take several days to become available in the account. Purchasing a voucher with a card gives immediate availability.
Accessing your account balance may be done by requesting a withdrawal to a bank account or conducting a transaction with the Visa Platinum Prepaid Card. The card is classified as ‘prepaid’ as the limit is based on your iWallet account balance.
Personal account fees:
• Bank wire withdrawal
• Card Top Up by iWallet
• Inactivity of 180 days or more
• Failed international transfer
• Account closure
• Foreign exchange
Visa Platinum fees:
• Cash withdrawal
• Monthly maintenance
• Foreign transactions
• Card to card transfer
• PIN change
• Card replacement
• Card top up
Cardholders can make up to 2 withdrawals per day. A $1,000 per transaction and $2,000 daily limit also apply. The e-wallet account is subject to the following load limitations: $10,000 in a single load and $20,000 daily.
Pros and Cons
The prepaid card ensures easy access to your cash with lenient daily limits. With that said, users are charged for every transaction the card is used for whether domestic or international.
Despite support in Hong Kong, the product is not available to its residents. There is a charge for inactivity and for closing your account.
External Links
iWallet payment method fees and facts | |
iWallet is popular in these countries Japan | |
Countries restricted from using iWallet | Afghanistan, Aland Islands, Albania, Guernsey, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo Democratic Republic, Cook Islands, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Democratic People's Republic of, Republic of Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Federated States of, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Helena, Ascension and Tristan Da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and The South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Vatican, Venezuela, Viet Nam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Yugoslavia, Zambia, Zimbabwe Show more |
Available accounts | 1 account |
Available currencies | USD, EUR, GBP, JPY, SGD, HKD, CNY, IDR, PHP, MYR, THB, VND |
Account management fees | free |
Account unused | US$20.00 (Applied after 180 days since last transaction) |
p2p Money transfer | |
Send money p2p | free |
Receive money p2p | 0.5% |
Deposit fees | |
Bank transfer | free |
Withdraw fees | |
Bank transfer | 0.5% |
Cashback and promotions | |
Additional bonus programs | none |
PrePaid card | iWallet Prepaid Card |
Costs for cash withdrawals at the ATM | $4.15 |
ATM transaction decline fee | $4.15 |
New PIN | free |
Cash withdrawal at ATM limits/24h | $2,000 per transaction (depends on ATM) |
Points of sale limits/24h | $20,000.00 |
Delivery time | up to 1 month |
Prepaid card available currencies | USD |
Link to terms & conditions | https://www.iwl.hk/agreement.php |
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