Samsung Pay Casinos - Safe Deposit

2015 saw the launch of Samsung Pay. However, this digital version of a wallet was initially only available on qualifying Samsung devices in South Korea and the United States.

Just two years before this convenient digital wallet launched, Visa and Samsung agreed to work together. The 2013 agreement between the two companies meant users could save payment information and card details to select devices and connect to Visa's Mobile Provisioning Service for secure payments.

With Samsung headquarters in Seoul, South Korea, and the Samsung Pay headquarters located in Burlington, Massachusetts, in the United States, the online payment option is now available in 29 countries worldwide, has 16.3 million global users, and supports over 1,000 banks and credit unions.

Today, Samsung Pay is a tool that forms part of Samsung Wallet. The Samsung Wallet is an undated app built on Samsung Pay's NFC technology that offers card and transaction protection to online shoppers and casino players.

With a compatible Samsung phone and selected galaxy devices, new and seasoned online players can link a Samsung Pay account to a physical card and connect directly with a bank account.

It also provides in-app e-wallet services to make paying online easy and safe from a mobile device. Plus, the payment method works anywhere you can swipe a Visa card, meaning it’s widely accepted.

Thanks to the Visa and Samsung Pay partnership, the mobile payment app offers Samsung lovers ways to pay deposits and withdraw winnings from most sites, allowing players quick access to payouts.

With the app, winners can withdraw cash into their Samsung Pay app and directly into any verified debit or credit card account in a few easy steps.

1. Open the app on your device. Open the Samsung Wallet app from your home screen and login.
2. Withdraw from your favorite casino site. Select the Samsung Pay or Visa icon as a preferred withdrawal method. The app will automatically input your card number, digital account number, and all the other necessary information for a successful and secure transaction.
3. Add your withdrawal amount. Ensure your banking details are correct, and add the amount you would like to withdraw.
4. Receive your winnings within a few days. Withdrawals may take a few business days to reflect in your account. Casinos need to process the payout followed by your bank service provider. It can take one to five business days as banks in various regions have different processing times for incoming funds.

Mobile withdrawals that use Samsung Pay's biometric authentication don't have a daily limit, and leading casinos often allow over $5,000 in a single transaction.

However, casinos and a player's financial service provider can set minimum and maximum limits that apply to their accounts.

Samsung Pay Processing Fees & Times

Similar to a physical card with Magnetic Secure Transmission (MST) technology, a card reader will process payments immediately if customers use Samsung Pay at a payment terminal. Transfers will also instantly be processed when used on a contact free symbol in-store.

On the other hand, NFC payments from a Samsung account usually take one to two business days to process.

The app's transfer processing times change due to various elements impacting processing speeds. These factors include the player's bank providers, location, currency exchange, and the business receiving the payment.

Like Samsung's payment processing, withdrawal processes differ depending on the casino making the payout and the player's financial service provider's processing system.

Other aspects that influence withdrawal processing are the need for currency conversion and the location of the payer and the payee.

Creating an account for Samsung Wallet and Pay is free, and the apps don't charge usage fees. There are no overdraft, account management, or convenience fees to worry about either.

Its policy of no in-network ATM fees also means players can withdraw 55,000 ATMs worldwide.

The only fees that apply to Samsung's payment apps are cellular network data charges because the apps require an internet connection to make Samsung Pay work.

Online casinos and gambling game sites offer many different types of bonuses to players using Samsung Pay.

The most popular bonuses issued to players are the New Player or Welcome bonuses. Casinos award these bonuses to players for opening an account and paying their first deposit with Samsung Pay.

In the end, QueenVegas Casino, players with new accounts qualify to claim a Welcome Bonus. This Welcome Bonus allows 100% bonus spins on selected games for every €1 deposited.

The Welcome Offer Loki Casino gives new players 100% bonus money, up to $100 for their first deposit.

Pocket Play also provides a Welcome Package with a deposit matchup and free spins on selected games after players make their first deposit.

1xBet's New Player bonus activates the first time a player creates an account and gives them a 100% bonus on their first deposit, which can go as high as $130.

With Casino.com, new players receive 20 Golden Chips the moment they sign up. Players can claim further bonuses by making a $20 deposit and using the bonus code TABLE.

The first time players complete a deposit at Mansion Casino, the online casino will match the deposit up to $500. For deposits over $1000, the match bonus is 50% up to the value of $5000.

Play Ojo is another online casino that grants a free spins bonus to new players, 80 wager free spins, and one free spin on Prize Twister.

• It uses both NFC and MST payment technology.
• The app makes payments without contact.
• Samsung Pay can connect to PayPal and participating bank accounts.
• Compatible with Samsung smartwatches.
• Users receive Cash Back Awards.
• Passwords, card numbers, addresses, and payment information are secure.
• It's easy to use for online and in-store payments.
• Users can load and use crypto assets.
• There are no account fees.
• Payments and casino deposits are secure.
• Users receive exclusive Samsung.com discounts.
• It requires biometric authentication with each secure transaction.

Cons:

• It is only compatible with select Visa, MasterCard, American Express, and Discover cards from participating banks.
• The app only works on qualifying Samsung phones, watches, and tablets.
• The app requires an active internet connection for card registration, activation, and transactions.
• Data usage fees apply.
• Withdrawals are slower than other banking methods available.
• Account activation can be slow.
• Card verification may take up to 5 minutes or longer.
• Only 25 global currencies are available.
• The payment method won't work at gas station pumps.
• Samsung Pay requires users to remember a pin code.
• Features and content vary according to device model, carriers, and firmware version and in different countries and regions.

The Samsung Group is well known for its proprietary security and management framework, Samsung Knox.

Samsung Knox comes pre-installed on most Samsung mobile devices, prevents access to data stored, and forms part of its in-house fraud protection.

With all transactions requiring fingerprint or PIN authorization, the app offers users security features to safeguard their banking information and personal data.

Additional 2-step authentication tools prevent unauthorized access to the payment platform. App users can use a phone's camera to enable and submit facial recognition or an iris scan for increased security.

The app automatically locks when the device it's operating on is. Users can also remotely lock or erase their account with Find My Mobile if a phone or smartwatch is lost or stolen.

Devices equipped with Near Field communication technology (NFC) transmit tokenized versions of a debit or credit card's credentials. Tokenization ensures card numbers, account details, or payer information aren't accessible or used for transactions.

Things Samsung Pay users should look out for are software updates that may require the app re-installation but won't impact the accounts setup or verified payment methods.

Some software updates can also cause the app to crash, but a simple device restart can fix this error.