UseMyBank, unlike most other online payment providers, does not act as an
intermediary bank account, but as a facilitator. In other words. the user is not
required to register an account and pre-load it with money in order to make
real-time online payments. Instead, UseMyBank provides the user with the
capability of being diverted directly from the online merchant site to his/her
own online banking institution for the immediate deposit of funds. Simply put,
the user proceeds to the bank or cashier at the online casino or poker room,
selects a deposit amount under the UseMyBank banner, and is then directed
automatically to his/her own bank's website. Here they proceed with the fund
transfer as they would with any utility bill payment. The deposit is immediate,
and the user is issued casino credits or poker chips within seconds.
The user is not required to register to utilise this payment option, making
it one of the most convenient transaction facilities on the web. There are also
no transaction charges or fees for deposits made via UseMyBank, making it one of
the most cost effective deposit methods. However, the user should be aware that
their own institution might charge fees for internet debit transactions.
Security breaches and online fraud are of little concern, since the user's bank
site utilises advanced encryption technology and fraud detection systems to
prevent unauthorised entry. The onus is on the user however, to ensure that they
keep their banking account details and PIN verification numbers private, since
these effectively provide access to their inline account and banking facilities.
Most online banking sources list security precautions and warnings to their
clients, and it is advisable to read these carefully before proceeding with any
online deposits or transfers. www.usemybank.com also offers advice to consumers regarding the prevention
of online fraud.
UseMyBank is available to users in the United Kingdom, Canada, China,
Netherlands, Austria, Poland Germany, Switzerland Australia and Belgium. It is
also available to United States citizens, but for bill payments only. Currently,
their are several countries that are pending for UseMyBank payment facilities,
including Sweden, Italy, Finland, Norway, Mexico and Brazil.
