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The world is becoming more and more digital, and we can purchase anything and everything online. To make these purchases, people need reliable and safe payment methods. Most of us don’t feel comfortable sharing our bank details for each purchase we make, so a lot of alternate online payment services have popped up on the scene in the recent years. These payment services aim to make payments easier and more reliable while making sure that our personal information remains in safe hands. These online payment services compete to give us the option to pick the one that suits us the most.
Zelle is one of these payment methods which is getting quite popular among online casinos. You must have stumbled upon Zelle casinos, where Zelle can be seen as an available payment method. In this guide, I am going to explain what Zelle is, how to use it and what are its advantage and disadvantages.
If you choose Zelle, keep reading to find out more about the features and my final verdict to know if Zell payment method is legit.
I am excited to tell you about Zelle which is a new way of making online payments. I find it easy to use, and incredibly fast to send and receive money. There are a lot of methods I’ve used over the years, but Zelle stands out because it’s secure, fast and built right into the bank’s online banking systems as well as the casino’s systems. I save a lot of time as there is no need for extra sign-ups, or creation of user accounts.
Zelle started as a small company called clearXchange back in 2011 and was acquired by Early Warning Services in 2016. It got a rebrand and was relaunched as Zelle in 2017. The new Zelle branding came with improved service and made it competitive with the top payment methods of the time. It was secured and backed by major US banks, for example the Bank of America and JPMorgan Chase. I noticed that Zelle uses the same top quality authentication methods as the top banks, which gave me the peace of mind I needed.
One of the top features of Zelle for me was the lack of any fees. Can you believe that? They do not charge any fees for transactions. Of course, your bank might charge you fees, so you should check with your bank if you see any fees being charged. But Zelle itself keeps their service free of charge, making it an ideal service to make those small deposits on Zelle casinos without worrying about the charges adding up.
Zelle is available in US only and the number of Casinos that support it are increasing all the time. So, it has become my favourite payment method in recent years.
Zelle is a US based company, registered in the state of Arizona. So, it’s completely legal. On top of that, it’s backed by the banking industry with major US banks working with the company to provide safe and secure transactions. You don’t have to worry about it being legal in your state because it’s available all around the US.
It is not available outside of the US. So, if you are reading this from somewhere outside of the United States, you’ll have to find an alternate method. That’s one drawback of Zelle that the sender and receiver, both must be based in the United States.
They verify this during the registration process. You’ll be prompted to enter your contact details including a phone number and a Visa or Mastercard upon registration. Both of those will have to be from the US, and international cards or phone numbers are not accepted.
It’s available on many major casinos in the US. If you are wondering if it’s available as a payment method for your favourite casino, either check the casinos website or Zelle pay’s website. They have a comprehensive list of partners for you to check out. I was able to find multiple casinos, and my bank was supported with Zelle too. However, the availability of Zelle as a payment method is still limited if you compare it to the traditional methods of payment like credit cards.
I found Zelle to be incredibly easy to use. It integrated seamlessly with my bank and using it for deposits on Casinos was simple. Here is step by step guide on how to use Zelle.
Over 2,000 banks and credit unions support Zelle, so there is a high chance that your bank will support Zelle. You can contact your bank to make sure that your bank or financial institution supports Zelle, and if it does, you’ll find the rest of the process to be much easier.
If your bank does not support Zelle, you’ll need to open a bank account at a Zelle supported bank. Follow the bank’s procedures to open an account and get yourself approved for using the online banking of that bank.
Here is how you can sign up for Zelle using the online banking
You can also use the Zelle app directly to sign up.
Either way you use, you’ll be able to make transactions as soon as Zelle becomes active.
You now have Zelle set up and activated. It’s time to make your first transaction. To send money, simply enter the email address or the phone number of the recipient. If they are a member of Zelle, the money will arrive in their account instantly. They will need to enrol and activate Zelle if they are not a member of Zelle already. Zelle will email them instructions about how to join.
Receiving money is way simpler. Which is another reason to choose Zelle. If you have Zelle and you’ve linked it to your bank account, you’ll receive the money instantly. The sender must simply enter your email address, and the money will appear in your account instantly.
You can use Zelle at any of the supported casino that accepts zelle. If your chosen casino accepts Zelle for deposits, you’ll see it as one of the payment options when you click the deposit button while trying to deposit funds. You can also visit their banking options, or payment options page to make sure if they support Zelle.
Here is my favourite thing about Zelle. They do not charge any fees for sending and receiving funds. Which is a huge plus because you don’t have to worry about making small and frequent payments. You also don’t have to worry about Zelle taking a cut from your deposits and withdrawals, which means you send and receive exactly how much you want to.
While Zelle is free, your bank might still charge you some fees for transactions conducted via Zelle. I checked with my bank, and I was able to find exactly how much my bank charges me for a Zelle transaction. You can do that too. Look at your Zelle statement in your Zelle account to see if you have been charged any fees. If you have, reach out to your bank and inquire about their policy around Zelle transactions. There might be some hidden fees being charged by your bank that you may want to be aware of.
Your Zelle online casinos can also charge you a small service fee of its own for using Zelle as a payment method. Such fees are usually very small but if you’re depositing and withdrawing money frequently, it’s important to know those small fees. They can add up.
There could be limits to how much money you can deposit and withdraw. I looked at Zelle’s website and it says that generally, banks apply a $500 spending limit every seven days, while the receiving limit is usually set to $5,000 per week.
This is something you should check with your bank as they might have a different set of limits applied to your transactions. You don’t want to be denied a deposit because you hit your limit so it’s best to be mindful of these limits beforehand.
Zelle partners with a large number of casinos, and they benefit from you using Zelle as a payment method. Which is why they offer bonuses that are specifically designed for Zelle users. Make sure to check for these bonuses and discounts in your casino’s website bonuses and offers page.
Zelle has partnered with the top US banks and financial institutions, that have top notch customer support teams. This is important because the resolution for missed or delayed transactions go directly to the bank’s support teams. All the claims and disputes are also reported directly to the banks themselves. Banks then collaborate with each other to find missing funds or resolve disputes. Zelle makes sure that all its partner banks comprise robust systems for providing support to their clients.
I am delighted to report that, in addition to your bank, Zelle also have their own well-trained customer support team. You can reach out to them if you have questions around Zelle transactions You can contact them via their email contact form which is given on the website. You can also reach out to them via a telephone if you prefer this kind of communication. Their number is clearly presented on their website under the ‘contact us’ page. I looked at their site and it says that they are available for 10 AM to 10 PM eastern time. Now that’s almost a full day of availability, and they can’t help much in the night anyway since the banks are closed.
You can always get the latest information about features, common issues or general queries from the FAQ page. I found it very comprehensive and well written.
In case you run into issues with your casino, you’ll have to speak to them directly. Zelle only works with casinos that prioritize the customer experience by offering adequate customer support. So, if you’re dealing with a Zelle partner, you’re likely to have a great experience with their support teams.
Here is an overview of the advantages and disadvantages of Zelle.
Pros | Cons |
Easy to use and Fast Zelle transactions
Transactions are typically processed within seconds |
Not available outside of U.S.
It’s a U.S only service catering the domestic audience. International bank accounts are not supported |
No fees
Zelle does not charge any fees for making transactions |
Transactions are not reversable
Once a transaction is initiated, it’s harder to reverse |
Integrated with all major US banks
Zelle has partnerships with all major US banks and financial institutions. |
Only usable with partnered banks
An account in the partner bank is needed to use Zelle |
Access right from the banking app
No need for an extra app or user accounts. Zelle can be used right from the banking app |
Daily and weekly limits
Banks apply daily and weekly limits on Zelle payments |
Top notch security features
Excellent security such as multi factor authentication and encryption are available |
Unauthorized payments are unrecoverable.
Only make payments to trusted and authorized recipients. |
After reading my review so far, you must be thinking, Is Zelle worth it? If you reside in the United States and have a U.S. bank account, then the answer is a resounding yes. You will benefit from zero fees, user friendliness of the service, and smooth integration with your bank and your favourite casino. The transactions will always be quick, secure and convenient. It’s a service you can trust because of Zelle’s partnerships with the top banks and financial institutions of the United States of America.
Zelle is a relatively newer player in the online payments for casino and gambling market, but they have quickly established themselves as a great alternative to the more established services. They are certainly much more convenient and safer than using your bank account.
Ultimately, it is worth it if you are an American but if you are reading this from outside of the United States, you will have to find alternate resources such as PayPal. So, feel free to check with your bank and your favourite casino and make your first deposit with Zelle.