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Open Banking

Payments

What is Open Banking?

Open banking pays a casino straight from your bank app — fast and cheap, with no card scheme behind it and so no chargeback.

ByCasino Desk·Casino & Slots Editor

Reviewed byKris Fawkes·Chief Editor

What it means in practice

Open banking payments move money straight from your bank account to a merchant, authorised in your own banking app, without a card or an e-wallet in the middle. In casino cashiers they appear under processor brand names rather than as "open banking". For a player they are fast and cheap — usually instant, usually free — and they leave a clean bank record with the casino or its processor named on it. That last part cuts both ways: it is proof of payment if a dispute arises, and it is a visible gambling transaction if your bank or a future lender looks. Two limits worth knowing. Withdrawals do not always come back the same way, so check the payout table before depositing. And because there is no card scheme behind the payment, there is no chargeback route — the money is gone in the way a bank transfer is gone, and your remedy is the casino's complaints process.

Why it matters

A definition like this one decides what an offer is actually worth. The same wording turns up in bonus terms, on payment pages and in game rules, and it is usually where a promotion’s real cost is hiding — so it is worth reading an operator’s own terms with this meaning in mind rather than the marketing above them.

You must be of legal gambling age where you live — 18 in most markets, 19 or 21 in others. Understanding a term does not make an outcome more likely: casino games are built to return less than they take over time. Set deposit and time limits before you play.

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