Slash Payment Casinos

Using cryptocurrencies across online casinos has never been easier; with Slash Payment, that is. This is a new crypto payment solution that can certainly transform your casino transactions. It does not have a token on its own, but it is a crypto payment gateway that leverages the expanding Web3 Wallets to provide you with instant and effortless crypto transactions. It may not sound as straightforward as it actually is, but stay with us to learn more about it and you’ll see that you’ll instantly put it on your must-try list. What is Slash Payment and why decide to use it as your online casino payment method?

About Slash Payment

In a world where the interest in cryptocurrencies keeps on increasing with the speed of light, having a safe crypto gateway at your disposal is more than a welcome thing. Founded in 2022, a FinTech company from Tokyo, Japan, decided to invest its time and efforts into creating exactly that, a system that would help merchants, organizations, and individuals electronically process distributed payments with the ability to connect smart contracts and automatically complete the exchange processing.

Slash FinTech Limited, the company behind it, created the system to connect smart contracts to third-party distributed dApps, and automatically process the exchanges. With it, businesses can accept almost any cryptocurrency as a payment method, in the most efficient way. What happens is, that its smart contracts automatically fetch the best rate at the moment of payment through a decentralized liquidity pool, giving users the chance to get the best rate for their preferred token payment.

At the moment, the supported networks it works with are Astar, Binance Smart Chain, Ethereum, Arbitrum, Avalanche, and Polygon, with Optimism and Oasys coming soon since the solution is improving and expanding its networks. Deciding to incorporate it on their platforms, businesses can accept any cryptocurrency, with zero transaction fees. Once the merchant integrates it into its eCommerce site, it is immediately displayed as a payment method, and with that users can select it and use it right away.

What happens is, that the solution will retrieve the payment amount from the cart at the merchant’s site at checkout and the user will be prompted to select a token of preference via a crypto wallet, then exchange it and execute the payment transaction. With no fuss, the solution will ensure the exchange goes smoothly using decentralized liquidity of the token, and with that, the user using fiat currency and standard payment methods, via their crypto wallet, will have paid at the merchant’s site using the token of their preference. The coins arrive instantly in the merchant's wallet, and the merchant receives a payment completion via email or/and API notification. 

Being that easy to get started with for merchants, it should come as no surprise that even though fairly new, Slash Payment is getting offered across the top crypto-friendly casino sites. And as you’ll soon see, it is easy for users to get started with, too, and that’s why it is becoming players’ number one choice when it comes to crypto solutions to use. If you’re interested in finding out how the process would go, continue reading as next, we’ll take you through the details.

Getting Started with It

While online casino operators need an internet connection and a PC to integrate, you, as a player, could use both too, or decide to go with your mobile device to get started with it, instead of a computer. As long as you're equipped with what's necessary, you'll see that the getting started procedure with it will be as simple and straightforward as possible.

The first step you would need to make is obtain some coins, meaning create a Web3 Wallet account, with Wallet Connect or MetaMask. The former is a service that acts as a bridge that manages crypto wallet apps and dApps all at once and allows you to smoothly connect your wallets using a QR code. You need to scan the code and the crypto wallet installed on your device will automatically launch. The latter is an easy-to-use crypto wallet you can create an account with for free, and you can fund it with different cryptos. Decide on the one to go with and as soon as you create your wallet, connect a payment method and select a token(s) you’d like to own. Complete the purchase and you’ll have tokens to start using.

Now, as long as you have your crypto wallet ready, it’s time to try Slash Payment. Since it is the solution that will help you make a crypto payment, but in an unusual way, the first thing you must do is select it as your payment method at the merchant’s site, meaning the online casino, and enter an amount of money you’d like to deposit. After you press Send, you’ll be redirected to Slash Payment’s official website, where you need to select Wallet Connect or MetaMask and press Connect, to connect your wallet. The digital currencies you hold will be displayed, so just select the token that you'd like to use and press Pay.

If the transaction was successful, the coins will arrive at the merchant's site (the casino) immediately; if not, you'll need to contact Customer Support and check what happened. But as you can see, the prompts are really easy to follow and the getting started procedure is everything but complicated. Therefore, if you're eager to give it a try at your favorite online casino, in the next segment, we'll show you how to do it.

How to Deposit with Slash Payment at an Online Casino?

While we basically just took you through the steps you need to make when depositing at an online casino with Slash Payment, we’ll take you in detail through the exact procedure that you’d need to go through, in casino terms. First things first, you need to choose a proper casino to join, that accepts the solution, meaning has integrated with it. Since this is a fairly new crypto solution, it is not yet accepted across hundreds of sites, but you will still find it across a decent number of casinos. For instance, Konibet Casino is an excellent option to consider, but do your own research and you may find plenty of others.

As soon as you find the site to go with, the next natural step would be creating an account with it. You can do that by entering the needed sensitive details in the application form. The final step you need to take is to make a deposit with Slash Payment; do the following:

1. Log into your online casino player account and jump to the Banking page.
2. Select Slash Payment as your payment method by pressing its logo.
3. Enter the amount you wish to deposit and press Send.
4. Once redirected to its official website, select whether you wish to continue with Wallet Connect or MetaMask.
5. Select the token you wish to use and press Pay.
6. In an instant, the coins will arrive in your casino balance.

How to Make Withdrawals with It?

For the time being, Slash Payment is not an option for withdrawals, at least not at Konibet Casino. You may try to look for different casinos and be lucky enough to find one that offers it, but at the moment, it is not an option.

To make a withdrawal in crypto, you’d need to select Virtual Currency as a withdrawal method and then look for the options at your disposal, to choose the one you’d like to go with to cash out your winnings.

Applicable Fees

The system was designed to offer the most cost-efficient transactions to both users and merchants. When depositing with it, you will have to pay no fees.

However, since the remittance is made via smart contracts, you should expect gas fees. If you have ever used cryptos that charge gas fees, like Ethereum, for instance, you know that these are really small, barely visible fees, only tiny fragments of the transactions, so you should be able to afford them.

Accepted & Restricted Countries

Considering this is a crypto solution of a decentralized nature, it should be clear to you by now that it is offered to anyone, from any country across the globe, where cryptocurrencies are not restricted.

So, as long as you're a player from such a country, you're good to go. But, if you're from a country that has reiterated nationwide prohibition on cryptocurrencies, like China or Russia, for instance, you would need to look for a different solution to use for your deposits across online casinos.

Available Currencies

Given the fact that you first need to create a crypto wallet to start using Slash Payment, the currencies you could use to complete the purchase would depend on the wallet and crypto exchange you’ve used to get your coins.

But, most do accept all mainstream currencies, like the US dollar, the euro, the Canadian dollar and the UK pound, to name a few. You should be able to complete the purchase in your native currency, therefore.

Customer Service & Support Options

When you get to Slash Payment’s official website, you will see a Contact Us page, and once you go to it, you can use the Send Mail button to send its Customer Support team an email regarding any questions you might need to be answered. The solution is also active on social media, like Twitter and Discord, so you can try getting your answers there, too.

Now, you also always have the option of contacting your chosen casino's Support team. This is encouraged in particular if your problem is with your deposits. Casinos usually offer Support via mail, phone, and Live Chat, so do connect with your chosen casino's agents to find out more about it or get a solution to a problem you might be facing.