UnionPay Casinos - Safe Deposit

UnionPay, abbreviated as UPI or CUP, is a Chinese-based international payment processing service provider with about 20 years of operation, having opened its doors for the first time in 2002. The company is a product of the joint efforts of a number of prominent Chinese banking institutions, including the Bank of China, the Industrial and Commercial Bank of China, the Agricultural Bank of China, and the China Construction Bank. Although the provider has managed to expand its coverage worldwide, China is still its main client base. UnionPay's headquarters are located in Shanghai.

General Information

Partnerships with Other International Payment Networks

In 2005, UnionPay entered into multiple partnerships with other global payment service providers, including American Express, Mastercard, and Visa. Consequently, there are selected UnionPay credit cards linked with these companies, making it possible to use them outside the Chinese territory. In a bid to extend its reach, UnionPay has also struck partnerships with at least 300 other financial institutions across the world, including the following:

• PayPal
• RuPay
• Discover
• Mir
• BC Card
• Interac
• Barclays
• JCB

UnionPay's Payment Options

Initially, users were issued with UnionPay debit cards by their local banks (banks in the UnionPay network). These cards could be used at a wide range of both online and offline retailers. Later on, the company started providing other options, including credit, prepaid, premium, and commercial cards. As a UnionPay customer, one is required to choose the card that suits their needs. When it comes to live dealer casinos, the payment method is available for both deposits and withdrawals.

As mentioned under the Payment Options, one good thing about UnionPay is that, unlike some other payment methods, it facilitates both deposits and withdrawals. So, for players who are lucky enough to win money playing live games, they can cash out their winnings by following these four steps:

• Choose the "Withdraw" option from the cashier page
• Enter the amount of winnings they want to withdraw
• Select UnionPay as a withdrawal method
• Enter their UnionPay card details and confirm the transaction

Important: Withdrawals usually take between 1 to 5 days, and the limits differ between casinos.

Among the perks of playing at live UnionPay casinos are bonuses, which are available in such forms as welcome bonuses, reload bonuses, and cashback rewards.

• Welcome bonuses: Welcome bonus is the most popular promo anyone will come across when playing live games with live dealers at UnionPay casinos. The qualification for this bonus type is simple; one has to sign up and make a deposit. The bonus amount will depend on the size of the deposit. For instance, if the operator offers 100% with a $200 limit, the player's deposit (up to this limit) will be doubled.

• Reload bonuses: Gamblers who play for real money will always keep on making deposits to continue playing. When the casino gives them a bonus on these deposits (other than the first deposit), it is called a reload bonus. Casinos give out this bonus to appreciate their existing players and encourage them to make even more deposits.

• Cashback bonuses: Some people can't imagine that casinos can be generous enough to return a fraction of players' losses. The truth of the matter is; the best live casinos do that. Hence, a cashback bonus is any money players receive back after counting losses at a casino site. For example, if the casino offers 4% cashback on a $1000 loss, the player will receive $25.

Nothing bothers players like the safety and security of a payment service. That's because hackers may take advantage of the service's poor data security system and siphon money from players' accounts. So, how does a payment service that requires players to provide their personal financial information manage to be safe and secure? Well, the fact that UnionPay partners with some of the most reputable banking institutions is, in itself, a calmer. In fact, some of its credit/debit cards contain a Mastercard or Visa logo, further giving users a sense of security.

Although UnionPay will ask for credit/debit card details, the service uses the highest data encryption standards to ensure any identity theft attempts fall flat; hence, it is one of the most secure payment methos in live casinos. To protect mobile users, the company offers QR codes, which can be scanned using a phone camera. With every transaction bearing a unique code, players will be enjoying their favorite live dealer games on the go while securing their transactions with one of the most innovative technologies.

Additionally, players are required to verify their identity when depositing with UnionPay. This basic security feature should not be taken lightly since it can make or break transactions.