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E-wallets deposit insurance

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rundmc
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E-wallets deposit insurance

Thu Mar 19, 2020 10:47 am

Hi,

I was wondering if e-wallets have any deposit insurance?
I googled it, but I couldn't find any usable information. (Maybe I wasn't looking well enough.)
Do you have any information?

Thx in advance!
Last edited by rundmc on Thu Mar 19, 2020 12:17 pm, edited 1 time in total.
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arbusers
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Re: E-wallets deposit insurance

Thu Mar 19, 2020 12:47 pm

Funds in e-wallets fall in the e-money category and that means there is no insurance and no compensation scheme to cover them.
Maydschi
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Re: E-wallets deposit insurance

Thu Mar 19, 2020 2:09 pm

Thinking about the same. What do you think is the safest option in the betting environment to transfer the money to?
(banks with deposit insurance excluded)

e-money wallets?
sharp books like pinnacle?
big soft books who obviously get a lot of casino action now?
rundmc
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Re: E-wallets deposit insurance

Thu Mar 19, 2020 2:14 pm

arbusers wrote: Funds in e-wallets fall in the e-money category and that means there is no insurance and no compensation scheme to cover them.
Thanks for the information.
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Re: E-wallets deposit insurance

Sat Mar 21, 2020 11:34 pm

Maydschi wrote: Thinking about the same. What do you think is the safest option in the betting environment to transfer the money to?
(banks with deposit insurance excluded)

e-money wallets?
sharp books like pinnacle?
big soft books who obviously get a lot of casino action now?
You could park your money at a broker that has some kind of insurance. (Plus500, Etoro, etc.)
Note the deposit insurance compensation might depend on what country you are residing.

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