Flykk is swiftly becoming one of the most popular online payment systems, which offers an electronic money transfer service using international bank account numbers (IBANs).
It does the same thing as an electronic wallet, but there are a few key differences. It’s quite comparable, though, in every significant respect that matters. Flykk allows you to transfer funds between users at no cost in a secure and safe environment.
ISX Financial EU Ltd. operates Flykk under a licence from the Central Bank of Cyprus and the Financial Conduct Authority of the United Kingdom. As an EEA (Authorized Electronic Money Institution), it paves the way for safe and convenient online transactions. You can trust it to send money to your loved ones quickly and without any hidden fees. Due to how fast and reliable it is, this payment method is now used by most online casinos for deposits and withdrawals.
Fees charged for initiating card and money transfers to IBAN accounts from sources other than Flykk are how the company stays alive. The government has permitted the company to give out digital currency in Cyprus and the UK. A primary Bank Account Number is issued to you when you sign up with Flykk. After your information has been checked for compliance with EU and Cypriot rules against money laundering, you will be given an IBAN. Currency options on Flykk include the Euro, British Pound, US Dollar, Canadian Dollar, and more.
How Flykk works
Flykk uses banking networks to process transactions, although it is not a bank. You can use it to store funds, make purchases at partner stores, send and receive payments from other Flykk users, and more. Customers can send funds to IBANs, card accounts, and local bank accounts in countries outside the EEA.
The euro is used within Flykk as the company’s internal currency. Even though it allows for the use of other currencies, the euro is still the main one. Before users can withdraw from their Flykk account, they must verify their identification.
Creating a Flykk Account
A Flykk account can be created in a jiffy, and it’s possible to sign up for Flykk via their website or mobile app. You’ll need to fill out some personal information to create an account. When you sign up for Flykk, you’ll receive an International Bank Account Number (IBAN) for use with your bank account. You can only add funds to your account with a MasterCard, Diners Club, JCB, or Discover card. Flykk eMoney refers to the cash in the specified IBAN account, and currently, Flykk allows for wire transactions of up to C$100,000.
Can you use different banking methods in online casinos?
Over time, most online casinos have added more and more ways for Canadian players to deposit and withdraw money. Traditional payment options, like prepaid cards, and credit and debit cards, have yet to be replaced by electronic wallets and wire transfers. Flykk and other new payment systems have helped to close the gap, each in its way.
You may use Flykk to deposit at any of these Top Flykk casinos in Canada, wager real money on any game you like, and cash out your winnings. Keep in mind, though, that many online casinos have yet to offer Flykk as a withdrawal option, so you will need to find an alternative way to cash out. Nevertheless, it is still one of the best gambling methods online.
Advantages of Flykk
If you plan to use Flykk the next time you visit your preferred online casino, it’s good to know what you can look forward to. Here are some of the advantages when it comes to Flykk:
- Payment security that is above reproach
- Mobile app that supports many currencies to provide convenient, instantaneous, and global transactions on the go
- Flykk allows for instant deposits
- Allows transactions to be processed without compromising personal banking details
Disadvantages of Flykk
- It’s rare to find a Canadian online casino that offers Flykk
- Commonly accepted as a means of deposit alone
- There are conversion fees
Secure online experience
The security of your financial data and the money you transfer online are of the utmost importance. When it comes to this particular service, Flykk’s payment processor goes above and beyond for its customers. To process your deposits, Flykk won’t need any private information from you. Your card information and other financials will remain safe from hackers and third parties while you enjoy online gambling, shopping, and money transfers.
As we’ve already established, ISK Financial EU Ltd., the company behind Flykk, holds licences to provide financial services from Cyprus and the United Kingdom. These approvals show that the payment provider takes customer privacy and security seriously and offers only the highest protection standards. Similarly, Flykk employs industry-standard SSL encryption to protect user data.