UseMyBank was founded in Toronto, Canada in 2002, as an innovative alternative to established forms of online payment. Its purpose was to streamline remote payments by avoiding the use of credit cards and instead using the customers’ bank accounts to make payments directly, while protecting their personal details. Since that time, UseMyBank has expanded its services to include two branches – UseMyFunds and UseMyCard. This necessitated a name change to better describe the company’s new dual focus. It has been called UseMyServices Inc. for quite a few years, but consumers and merchants tend to still refer to it by its original name.
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UseMyFunds is the arm of the company which continues to fulfill its original concept. Would-be customers must register at one of UseMyServices partner banks then link your bank account to UseMyServices. Click on the UseMyBank / UseMyServices icon as your payment option when checking out after making an online purchase or when making a payment to an online casino. In the window that will appear, simply enter the payment amount. The payment will be transferred in real time and credited to you immediately. One limitation of this method, though, is that it cannot be used for withdrawals. If you wish to withdraw funds from your online casino account, you will need to process the request using another method.
UseMyCard allows you to pay for goods and services online using prepaid vouchers – either Ukash or 3V Visa® Prepaid Vouchers. These can be purchased in the amount of your choice with the help of UseMyFunds and then used to make instant payments to online merchants, once again including Internet casinos. This service is ideal for those who want to make their payments online with complete privacy.
Where To Use This Method
Casino operators are familiar with the original UseMyBank concept and still use that name on their list of payment methods. Most casino sites are very willing to accept UseMyBank / UseMyServices for casino deposits. When UseMyServices customers cash out, they cannot withdraw funds from their account using this method, so the casino will offer an alternative such as check or wire transfer. US customers are not permitted to pay for online gaming services by means of UseMyServices; however, there are no conclusive answers yet as to whether UseMyCard is an acceptable method for American residents.
UseMyServices is a safe, easy to use and fast method of online payment. Its two arms allow you to choose the service you prefer. UseMyCard is especially discreet. The payment system is widely accepted by casino operators. After the initial small account imitation charge, you do not pay any fees for this service. Payments via UseMyFunds are deducted from your bank account in real time, so you can keep track of how much you pay out.