FASTPay is a mobile wallet service that customers can use to make payments online and offline instead of paying directly from their bank account or card. In the betting industry, it allows speedy payments via a convenient channel.
Since most punters want quick and hassle-free transactions when they bet online, they like to place wagers at sportsbooks where they can conveniently make deposits and make withdrawals as quickly as possible. This is where innovative payment solutions like FASTPay come in.
These quick payment solutions are a welcome relief from conventional banking methods for most punters. Although some users still like to go old school, young punters who prefer convenience and speed opt for these quick payment solutions. The added security for financial transactions is also a huge plus.
In this article, we take a look at what FASTPay is, how it works, and which well-known betting sites feature it as a payment method.
What Is FASTPay?
FASTPay is an innovative payment solution developed by an Iraq-based company, Next Generation Solutions. It was launched in 2017 and gained popularity instantly in the local sports betting communities due to its many benefits, including simplicity, quick speed, and convenience. A fast payout mechanism was sure to entice punters, and the payment gateway became quite popular with the locals in no time.
Initially, FASTPay was available locally, and individuals from a specific region could use it only. However, the developers soon introduced it to other regions, which led to international recognition and adoption of the method by multiple renowned platforms.
So, if you sign up for a FASTPay betting site, you can expect high-quality odds from a wide range of markets for different kinds of sports. You can also benefit from the various bonuses and promotions offered. Since FASTPay is a prepaid payment method, it encourages responsible gaming and does not allow bettors to exceed their betting budget.
The payment gateway is also incorporated with high-security measures to protect customers’ personal information and financial data.
How to Use FASTPay
To use FASTPay for payment or withdrawals from a betting site, you must confirm that the site supports this payment option. Since a few sportsbooks currently accept FASTPay, it would help to have this knowledge beforehand. However, it is expected that the use of FASTPay will become a common practice in the coming years.
FASTPay is accessible via its website and mobile app, which is compatible with iOS and Android devices, so you can easily download and install it and link it to your account. You can recharge your balance through an ATM quickly or through online transfer.
To deposit via FASTPay, visit the sports betting site and log into your account. Now open the cashier page and click on deposits. Select FASTPay from the payment options, and a page will pop up. Log in with your mobile digits and password and enter the amount you wish to deposit, considering the deposit limit specified by the betting site. Confirm the payment to complete the transaction.
Most Asian betting platforms prefer conventional bank transfers for withdrawals, and only a few offer alternative options. However, if the site you use for betting offers withdrawals via FASTPay as well, here is what you need to do.
Log into your account at the sports betting site and open the cashier or wallet option. No go to withdrawals and choose FASTPay from the payment options. Log in with your mobile number linked to your FASTPay account and enter the amount you wish to withdraw, considering the withdrawal limit specified by the bookmaker. Once approved, the amount will be transferred to your account depending on the bookie’s processing time.
What Bookies accept FASTPay?
Compared to other quick payment gateways, FASTPay is not available at most Asia-based sports betting sites. Here are a few platforms available in Asia where you can use FASTPay for payments.
1XBet is an international sports betting site operating in numerous countries worldwide, including various countries in Southeast Asia. The site offers new members a welcome bonus of up to $100.
Betwinner is an online platform specializing in online casinos and sports betting in Europe and Asia. The platform offers new members a welcome bonus of 100% up to €100.
Bet365 is one of the world’s most popular sports betting platforms that mainly offers services in Europe. However, it also caters to many markets in Asia, including Singapore, Thailand, and Japan. The platform offers new members a bonus of up to $100.
BP77 is another renowned Asian betting site offering FASTPay payment methods. The bookmaker has been providing sports betting services to punters in Malaysia, Singapore, Thailand, and Malaysia for a decade. BP77 offers new users a welcome bonus of 100% upon registration.
Parimatch is a popular sportsbook and online casino offering services in Europe and Asia. As a new member, you can enjoy a bonus of up to 5,000THB
Maxim88 is an Asian betting platform that has been operating in Malaysia and Singapore since 2006. The site offers a welcome bonus of 200% up to RM500 to new members.