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Central Coin Online Casino Payment Processor

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.

Click here for a list of online casinos that accept Central Coin payments.

Click here for an overview of all the casino payment methods.

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