Central
Coin specializes in fast and secure fund transfers between individuals
and online merchants like those in the online casino industry.
The transfers are handled much like PayPal, as Central Coin is
one of the main sites that have stepped in to fill the void when
PayPal stopped accepting gambling related transactions. They offer
a free account sign up; many deposit options and free withdrawals.
The only drawback of Central Coin is that you must be a United
States citizen and have a U. S. bank account to use their service.
Once you
open your free Central Coin account, you will assign a checking
account to it in which you will use to transfer funds to and
from your Central Coin account. They will make a small deposit
into your account and you will need to verify the amount in
order to expand your transaction limits (See below). You can
fund your new account using a credit card, wire transfer or
your bank account. When you use your bank account, you have
two options. The 4-day e-check option is free, but your deposit
will have to clear before you can use it. They also have an
instant e-check option, which allows you to use your funds immediately,
but the fee associated with this is 6.9%.
Central
Coin has four levels of transaction limits. As you are a member
in good standing and deposit funds, you automatically advance
in levels. The first level has a transaction limit of $300 and
it is the level that everyone starts at. Tier two has a $500
transaction limit per day, $2,000 per month and you move to
it by being a member at least ten days, depositing at least
$250 and verify the small deposit they make into your bank account
to verify your access to it. To advance to level three and have
your limits increased to $750 per transaction and $4,000 per
30 days, you must be a member for 30 days and have deposited
$2,000. Level four comes when you have been a member for at
least 60 days and deposited $4,000. It increases your transaction
limits to $1,000 and 30-day limits to $6,000.
They offer
three different withdraw options; a transfer back to your bank
account, paper check or by using the Central Coin cash card.
Using a bank transfer is a free transaction and the funds take
two to three days to clear into your account. E-check withdrawals
can be initiated using the Central Coin web site or by calling
a Central Coin representative. The Central Coin cash card works
just like an ATM card, allowing you to access your money at
thousands of locations worldwide. You can also receive your
withdrawals via paper check, but there is a $15 fee for regular
mail and a $50 fee for courier handled checks.
There are
three different support options available, and you can always
contact Central Coin, 24 hours a day, 7 days a week. They offer
live Internet based chat, email and toll free phone support.