Bamboo Casino

If you are looking for the best Bambora casinos , or want to know more about this payment method, then look no further. Did you know that Bambora deposits and withdrawals are very popular among gamblers? Below we present a top list of the current best online casinos that accept Bambora and also walk you through everything you need to know about them.

Online Casino Bambora 2023

Bambora Overview

Formerly known as Beanstreams, Bambora is an online payment service originally designed for retail. The company has slowly made its way into the iGaming sector, providing online casinos with a secure and fraud-free way to process payments, even at extremely high volumes. All this is achieved through the dedicated PaymentIQ system, to ensure that the payment platform can continue to meet the demands of the internet casino over time as it grows.

With offices in Sweden, Norway, Finland, Denmark and Canada, Bambora is actually a combination of several companies in the payment solutions industry that can benefit from many years of experience.

Using Bambora in Online Casinos

Owned and operated by Ingenico, Bambora is actually an entity made up of several payment processing companies. Since its inception, the company has remained true to its original goal of simplifying the industry, especially for medium and small merchants. After expanding due to several acquisitions with KeyCorp, Mobile Payment Solution, ePay, Samport and several other payment methods, the company has also partnered with a number of new online casinos that today offer its services to its customers. Some of these are listed here.

Compared to many other payment options, Bambora is not a typical payment method used by casinos to facilitate payments and withdrawals. Instead, PaymentIQ works behind the scenes within the casino back-end to enable faster and more convenient payment processes – which players can take advantage of in a whole new way.

To use the service when playing in online casinos, players have mobile and standard online payment options with Bambora. The service supports over a hundred different currencies, as do many credit and debit cards, including Maestro , MasterCard , and Visa .

Create an account

Unless you currently own an online casino, creating an account with Bambora or PaymentIQ is not something you need to do. Instead, this system is built into the fast casino websites and you can simply interact with the payment method of your choice. So you don't need an account - you may not even see the system at all.

Deposits and Withdrawals

While Bambora is not a system that facilitates manual deposits and withdrawals – you wouldn't request a withdrawal directly through PaymentIQ – the system is an integral part of the payment process. Casinos use this specific service to streamline the payment process in general. And all without ever having to click a button or select it as the deposit or withdrawal method of your choice.

With hundreds of thousands of payments made every day, it is only natural that specific processes, such as the payment of rewards, would be delayed. PaymentIQ speeds up that back-end process, so casinos can pay out withdrawals and prizes faster and deposits get to the right place faster. It works in conjunction with your choice of deposit or withdrawal payment method, rather than as a solo process.

Transfer times, costs and safety

Fast transactions are part of why Bambora is so successful. Casino members can expect deposits to appear on their casino balance almost immediately. Withdrawals vary as they depend on individual casinos and your chosen payment method. However, you shouldn't have to wait more than a few days.

Bambora charges companies for all transactions made through Bambora. That means players should not have to pay any fees when depositing or withdrawing money with it. However, some online casinos may charge players for using this payment method. Be sure to double check for any charges before using this payment method.

The company uses 3D Secure, an online payment security solution to prevent online card fraud. The system is designed to verify that the cardholder is making the transaction. How this verification is done varies from bank to bank. The company is also PCI DSS compliant and protects merchants from chargeback claims.

Advantages

What benefits the online casino benefits the player, so you may not see the benefits right away, but they are definitely there. Some of the main advantages of this particular platform are as follows.

• PaymentIQ supports a wide variety of payment methods, making it incredibly easy for casinos to provide players with a wide selection of deposit and withdrawal options.
• Currency support. All currencies are supported with Bambora, which reduces restrictions for players in specific casinos.
• PaymentIQ uses Bambora's rules system to prevent fraud, which benefits both casinos and players by ensuring that fraudulent transactions do not pass through the system. Good news if your credit card is ever stolen.
• For players frustrated by slow prize payouts, Bambora speeds up the process, making it easier for casinos to pay out that hard-earned reward the same day.

Cons

• Bambora has a slightly less than favorable reputation for support. While this has more of a direct impact on casinos than players, it can mean it takes longer to resolve payment processing issues – leading to potential downtime.
• Relatively untested. PaymentIQ may be gaining popularity, but it's still a relative newcomer to iGaming. This means that your casino may use a system that is less proven than a competitor that is already established - which is always a small risk. Bambora has moved into the casino business, but it's an offshoot of their main e-commerce product and so it may not be as robust or well-designed as their flagship products.
• No accessibility for players. Obviously, Bambora isn't directly accessible to players - so you don't receive the full benefit of the system.

Frequently Asked Questions