Euteller is a Finland based financial service which is very popular in the Finnish domestic market, but can also be used in some neighbouring Scandinavian countries. Despite its title, it actually has little to do with the European Union. Instead, it is licenced and regulated by the Finland Financial Supervisory Authority (FIN-FSA).
Founded in 2007, the operating company remains a relatively small business in terms of size. It is responsible for the employment of around a dozen people, all of whom live and work in Finland. Its headquarters is situated in the city of Turku, in the south of the country. It has a population of around 200,000 people, and lies around 100 miles (250 km) west of the capital, Helsinki.
The company remains privately owned, yet over the period of its existence it has processed more than 15 million completed transactions worth over a billion euros for its customers. Its trusted efficiency and compatibility with all the major banking and financial institutions throughout the country mean that it is available to over 3 million people in Finland.
The company has recently introduced its new app, enabling Finnish bank account holders to use the Euteller service using their mobile devices. This new service is branded Siirto.
How Do Euteller Casinos Work?
In order to use Euteller, customers must have an existing bank current account, and register for online banking. There is no need to additionally register for Euteller, because the service directs payments directly to the customer’s own bank, where their usual bank login credentials and password will be used to authorise payment.
At the online checkout or other payment page, customers just need to look out for the Euteller logo. After tapping or clicking on this, customers are invited to select their own bank. At this point, the customer is transferred to their own bank’s online banking service, where they will log in. The transaction is then confirmed with a PIN. At this point, the payment is authorised and the customer is returned to the website of the original vendor or merchant they have just made the transaction with.
Funds are withdrawn directly from the customer’s bank current account to pay for the transaction. The closest United Kingdom equivalent to the Euteller service is Trustly.
For customers using the Siirto app, things are even simpler. In these cases, sales are authorised simply by using the app. Instead of requiring a PIN, a confirmation text is sent directly to the phone for authorisation.
Euteller and Progress Pay Casinos
Euteller is growing in popularity beyond its Scandinavian homeland. It is therefore increasingly being offered as a payment option by online casinos licenced for the United Kingdom market. Although there may be fees to pay in some circumstances, it remains a convenient option. It is always provided as a deposit choice on Progress Play powered casinos, so look out for it on the Banking page of your chosen site.