What is Euteller?
Euteller is an online bank transfer payment method. This secure, real-time bank transfer service is available only in Finland. It was established to allow Finnish online consumers the ability to conveniently make instant and secure bank payments using their online bank accounts.
A privately held company, Euteller was founded in 2007 and is headquartered in Turku, Finland. They are an authorized payment institution overseen by the Financial Supervisory Authority of Finland (FIN-FSA). Euteller provides single-point access to all the major banks in Finland. These include Siirto, LähiTapiola, S-Pankki, Nordea, Aktia, Handelsbanken, Danske Bank, Ålandsbanken, OP-Pohjola Groupm, Säästöpankki, and POP Pankki.
Since its inception, Euteller has processed a billion euros for its customers. When used for online gambling, it is a highly secure bank transfer method for Finnish players that allows them to make quick deposits without the need to register for a separate Euteller account.
Top Software Providers that offer Euteller
EveryMatrix
ProgressPlay
Aspire Global
Soft2Bet
BetConstruct
Integration and Functionality
Integrating Euteller is easy to do once you’ve been approved. It is a single, simple API (Application Protocol Interface). Once set up, all Finish banks will be integrated as part of your payment offering.
You can also integrate their Siirto-service, which is their mobile payment service. It’s a real-time mobile payment service that covers all major Finnish banks, where customers only need to enter a mobile number to send or receive money. No development is required. The payment pages automatically adjust screen size. It also provides excellent conversion rates.
Another way to add Euteller to your site’s payments system is to obtain the help of an iGaming software provider. The list of providers we’ve included above is a great place to start. Each one can help you get setup with Euteller – in addition to other payment providers – as part of their payment processing solutions. Partnering with an online gambling software platform provider is one of the easiest and most straightforward integration methods, especially for those new to the industry.
How to get a business account through Euteller
To get started with Euteller, you’ll first need to become a Euteller merchant. To begin this process, get in touch with the company’s customer service team.
- Head to the official Euteller site
- Click the “Contact Us” tab
- Fill out the form (provide your name, email, subject and a message)
- Send the form
You will be contacted by a representative. From there you can move on to the next approval steps. Once you are a merchant, you can integrate the system with the API and will be able to login to the Euteller Backoffice via the site’s “Merchant Login”.
How Euteller functions as an iGaming payment solution
Euteller can be used by players for making instant deposits in real-time. The payment method can easily be accessed on whatever device the player prefers, including desktop, tablet and mobile as it can accommodate any platform and screen size. Although most casinos do not charge customers a separate fee to use this banking solution, Euteller itself has a 1.95% transaction fee.
Euteller is an ideal payment solution to add to your online casino or online sportsbook offering if you intend to localize your product for the Finish market. This payment method is highly trusted by consumers in Finland. The preferred and accepted currency by Euteller is euros.
Benefits and Drawbacks for Players using Euteller
Benefits
Players do not need to register a Euteller account – As long as a player is a customer of a supported bank, they simply head to the casino cashier, choose Euteller to make a deposit, select their bank, login to their bank (once redirected) and confirm the deposit.
- Deposits are instant – Once a deposit has been made, the money appears in the player’s casino account immediately.
- Advanced security – Euteller is highly secure and 100% safeguards customer transactions.
Other banking methods can be funded with Euteller – Players can use Euteller to fund other banking methods like credit cards and debit cards and use these other banking methods to process a withdrawal.
Drawbacks
- No withdrawals – Players cannot make withdrawals using Euteller and will need to choose another banking solution to complete this type of transaction.
- Available only to players in Finland – This payment method can be used only by Finnish players who have an account at one of the country’s major banks supported by Euteller.
Countries
Euteller is a payment method available only to Finish players.
- Finland
Safety and Security
Euteller is licensed and supervised by the FIN-FSA. They take financial security very seriously and work closely with authorities to remain fully compliant and follow the strictest guidelines and processes to guarantee the best possible protection for both their business clients and users.
Euteller continuously keeps up with the latest risk management technologies to ensure their security process is as efficient as possible. To benefit their merchants, they have developed automated AML and fraud controls.
Customer Support
If players should require support for using Euteller or have questions about this payment method, they should get in touch with their bank.
Euteller merchants can expect reliable support in their native language. Support can be reached via email and phone and is available seven days a week between the hours of 8:00 – 16:00 EET.
Euteller Fast Facts
- Type of payment method – Instant Bank Transfer
- Deposit available – Yes
- Withdrawal available – No
- Multiple currencies accepted – No
- Easy integration – Yes
- Popular iGaming regions – Finland
Conclusion
Euteller is a highly secure and trusted Finnish payment institution that makes instant deposits a breeze for online casino players from Finland. This payment method is the most sensible for (and should be highly considered by) iGaming businesses targeting the Finnish market. If this is a goal of your online casino or online betting business, we recommend partnering with a reputable software provider that can help you easily make this goal a reality. Have a look at our software platform reviews to find the right match or get in touch with Casinnovate and, we’ll help you connect with the best partner for your payment needs.
