What is Samsung Pay?
2015 saw the launch of Samsung Pay. However, this digital version of a wallet was initially only available on qualifying Samsung devices in South Korea and the United States.
Just two years before this convenient digital wallet launched, Visa and Samsung agreed to work together. The 2013 agreement between the two companies meant users could save payment information and card details to select devices and connect to Visa's Mobile Provisioning Service for secure payments.
With Samsung headquarters in Seoul, South Korea, and the Samsung Pay headquarters located in Burlington, Massachusetts, in the United States, the online payment option is now available in 29 countries worldwide, has 16.3 million global users, and supports over 1,000 banks and credit unions.
Today, Samsung Pay is a tool that forms part of Samsung Wallet. The Samsung Wallet is an undated app built on Samsung Pay's NFC technology that offers card and transaction protection to online shoppers and casino players.
With a compatible Samsung phone and selected galaxy devices, new and seasoned online players can link a Samsung Pay account to a physical card and connect directly with a bank account.
It also provides in-app e-wallet services to make paying online easy and safe from a mobile device. Plus, the payment method works anywhere you can swipe a Visa card, meaning it’s widely accepted.
Depositing with the Samsung Pay app at Casino
Players can very easily connect to a bank account and make deposits on the best online casinos and betting game sites using a Samsung phone with Samsung Pay.
However, Samsung's payments are only compatible with select cards and financial institutions, so it's best to establish eligible cards and banks in your country or region.
The Samsung Pay app doesn't restrict users to monthly or daily limits. But, Samsung Pay does require an active internet connection to process deposits.
The need for an internet connection to process payments online means the app's daily deposit limits are subject to change according to local cellular network limits.
Local cellular networks can limit how often Samsung Pay works, depending on various criteria, such as transaction size or types of transactions. Some app users, for example, get a daily limit of only ten transactions when they don't have access to the internet.
Security measures for fraud prevention and vendor limits are elements that can determine the mobile payment's deposit and transaction limits.
Other factors that can influence Samsung Pay's deposit limits per user include the age of an account, typical usage, and the usual number of daily transactions the account makes.
How to Make Deposits with Samsung Pay
The app makes safe and fast mobile payments with saved and verified payment cards possible in only five simple steps.
- Connect a bank account. Select the Payment Card option in the Samsung Wallet app menu to add a bank account. Manually add a debit or credit card associated with your bank account, or tap an NFC-enabled card to upload information instantly.
- Find a leading Samsung Pay casino. Once Samsung Pay has all the payment information it needs, you can pick your favorite online casino from our list and sign up.
- Choose a deposit option. Look for Visa or the Samsung Pay logo for available payment options, select it and continue the payment process in your Samsung account.
- Select a preferred card. Saved debit or credit cards will display on-screen to select. If multiple cards are available from your Samsung Pay, you can swipe between them to switch preferred payment methods.
- Approve the payment. Samsung Pay uses Samsung Knox biometric authentication to stop unauthorized transactions. To authorize a payment quickly, use facial recognition, a fingerprint, an iris scan, or a four-digit pin number.
How to Make a Withdrawal with Samsung Pay?
Thanks to the Visa and Samsung Pay partnership, the mobile payment app offers Samsung lovers ways to pay deposits and withdraw winnings from most sites, allowing players quick access to payouts.
With the app, winners can withdraw cash into their Samsung Pay app and directly into any verified debit or credit card account in a few easy steps.
- Open the app on your device. Open the Samsung Wallet app from your home screen and login.
- Withdraw from your favorite casino site. Select the Samsung Pay or Visa icon as a preferred withdrawal method. The app will automatically input your card number, digital account number, and all the other necessary information for a successful and secure transaction.
- Add your withdrawal amount. Ensure your banking details are correct, and add the amount you would like to withdraw.
- Receive your winnings within a few days. Withdrawals may take a few business days to reflect in your account. Casinos need to process the payout followed by your bank service provider. It can take one to five business days as banks in various regions have different processing times for incoming funds.
Mobile withdrawals that use Samsung Pay's biometric authentication don't have a daily limit, and leading casinos often allow over $5,000 in a single transaction.
However, casinos and a player's financial service provider can set minimum and maximum limits that apply to their accounts.
Samsung Pay Processing Fees & Times
Similar to a physical card with Magnetic Secure Transmission (MST) technology, a card reader will process payments immediately if customers use Samsung Pay at a payment terminal. Transfers will also instantly be processed when used on a contact free symbol in-store.
On the other hand, NFC payments from a Samsung account usually take one to two business days to process.
The app's transfer processing times change due to various elements impacting processing speeds. These factors include the player's bank providers, location, currency exchange, and the business receiving the payment.
Like Samsung's payment processing, withdrawal processes differ depending on the casino making the payout and the player's financial service provider's processing system.
Other aspects that influence withdrawal processing are the need for currency conversion and the location of the payer and the payee.
Creating an account for Samsung Wallet and Pay is free, and the apps don't charge usage fees. There are no overdraft, account management, or convenience fees to worry about either.
Its policy of no in-network ATM fees also means players can withdraw 55,000 ATMs worldwide.
The only fees that apply to Samsung's payment apps are cellular network data charges because the apps require an internet connection to make Samsung Pay work.
Where is Samsung Pay accepted?
Samsung Pay works almost anywhere you can swipe or use Visa, American Express, MasterCard, Discover cards, and digital wallets.
The only restriction that applies to Samsung Pay is that the app won't work directly at gas station pumps. But, users can use its NFC payment technology and a card reader to pay at gas stations.
This payment method is most popular among Samsung users in South Korea, and 9% of the U.K.'s digital payment users say they prefer Samsung Pay.
29 countries can use Samsung Pay to make online and in-store payments worldwide, and the app supports 25 global currencies.
Supported countries and regions:
- United States
- United Kingdom
- Hong Kong
- Puerto Rico
- South Africa
- South Korea
- United Arab Emirates
- United States Dollar USD
- Pound Sterling GBP
- Australian Dollar AUD
- Belarusian Ruble BYN
- Brazilian Real BRL
- Canadian Dollar CAD
- Chinese Yuan CNY
- Euro EUR
- Hong Kong Dollar HKD
- Indian Rupee INR
- Indonesian Rupiah IDR
- Kazakhstani Tenge KZT
- Kuwaiti Dinar KWD
- Malaysian Ringgit MYR
- Mexican Peso MXN
- Russian Ruble RUB
- Singapore Dollar SGD
- South African Rand ZAR
- South Korean Won KRW
- Swedish Krona SEK
- Swiss Franc CHF
- New Taiwan Dollar TWD
- Thai Baht THB
- United Arab Emirates Dirham AED
- Vietnamese Dong VND
Top New Player Bonuses with Samsung Pay
Online casinos and gambling game sites offer many different types of bonuses to players using Samsung Pay.
The most popular bonuses issued to players are the New Player or Welcome bonuses. Casinos award these bonuses to players for opening an account and paying their first deposit with Samsung Pay.
In the end, QueenVegas Casino, players with new accounts qualify to claim a Welcome Bonus. This Welcome Bonus allows 100% bonus spins on selected games for every €1 deposited.
The Welcome Offer Loki Casino gives new players 100% bonus money, up to $100 for their first deposit.
Pocket Play also provides a Welcome Package with a deposit matchup and free spins on selected games after players make their first deposit.
1xBet's New Player bonus activates the first time a player creates an account and gives them a 100% bonus on their first deposit, which can go as high as $130.
With Casino.com, new players receive 20 Golden Chips the moment they sign up. Players can claim further bonuses by making a $20 deposit and using the bonus code TABLE.
The first time players complete a deposit at Mansion Casino, the online casino will match the deposit up to $500. For deposits over $1000, the match bonus is 50% up to the value of $5000.
Play Ojo is another online casino that grants a free spins bonus to new players, 80 wager free spins, and one free spin on Prize Twister.
How to Choose the Right Deposit Method
New and seasoned casino players around the world use Samsung Pay because its partnerships with American Express, Visa, MasterCard, and Discover make the app a widely accepted payment method.
The Samsung Knox security features also offer peace of mind. Through Samsung's zero liability protection and 24/7 fraud protection, the app ensures card information and user data are safe within the app.
Despite its partnerships and safety features, Samsung Pay is only available to some and only works on select devices. Players should consider the pros and cons of the app before choosing it as a preferred payment or withdrawal method at online casinos.
Pros & Cons of Samsung Pay
- It uses both NFC and MST payment technology.
- The app makes payments without contact.
- Samsung Pay can connect to PayPal and participating bank accounts.
- Compatible with Samsung smartwatches.
- Users receive Cash Back Awards.
- Passwords, card numbers, addresses, and payment information are secure.
- It's easy to use for online and in-store payments.
- Users can load and use crypto assets.
- There are no account fees.
- Payments and casino deposits are secure.
- Users receive exclusive Samsung.com discounts.
- It requires biometric authentication with each secure transaction.
- It is only compatible with select Visa, MasterCard, American Express, and Discover cards from participating banks.
- The app only works on qualifying Samsung phones, watches, and tablets.
- The app requires an active internet connection for card registration, activation, and transactions.
- Data usage fees apply.
- Withdrawals are slower than other banking methods available.
- Account activation can be slow.
- Card verification may take up to 5 minutes or longer.
- Only 25 global currencies are available.
- The payment method won't work at gas station pumps.
- Samsung Pay requires users to remember a pin code.
- Features and content vary according to device model, carriers, and firmware version and in different countries and regions.
Samsung Pay Account Opening Process
To open Samsung Pay accounts, users must be over the age of 18 years. Users must have a device compatible with Samsung Wallet, credit or debit cards from a participating bank or financial institution, and an active internet connection.
It also requires players to have a bank account with a participating financial institution to create a casino account. Without a bank account from Samsung's specified network, Samsung Pay won't verify or activate a card in its system.
- Download the App.
First, you must download the Samsung Wallet app on your phone or watch.
- Start a Samsung account.
Select Create Account in the app Settings or on the Samsung Account website. Agree to the terms and conditions. Then submit an email address, first name, last name, and date of birth. You will also need to create a password.
- Set up Samsung Pay.
Open Samsung Pay and select Get started. Enter a new pin number and confirm the pin. The app may ask you to grant it the phone permissions needed to run Samsung Pay. Select Allow for any mandatory permissions.
- Add a card to Samsung Pay.
Click on the cards in the menu to add your preferred debit cards or credit cards. Follow the in-app instructions to register a card and agree to the card's terms and conditions.
Safety and Security Using Samsung Pay
The Samsung Group is well known for its proprietary security and management framework, Samsung Knox.
Samsung Knox comes pre-installed on most Samsung mobile devices, prevents access to data stored, and forms part of its in-house fraud protection.
With all transactions requiring fingerprint or PIN authorization, the app offers users security features to safeguard their banking information and personal data.
Additional 2-step authentication tools prevent unauthorized access to the payment platform. App users can use a phone's camera to enable and submit facial recognition or an iris scan for increased security.
The app automatically locks when the device it's operating on is. Users can also remotely lock or erase their account with Find My Mobile if a phone or smartwatch is lost or stolen.
Devices equipped with Near Field communication technology (NFC) transmit tokenized versions of a debit or credit card's credentials. Tokenization ensures card numbers, account details, or payer information aren't accessible or used for transactions.
Things Samsung Pay users should look out for are software updates that may require the app re-installation but won't impact the accounts setup or verified payment methods.
Some software updates can also cause the app to crash, but a simple device restart can fix this error.
Discover Other Deposits for Samsung Devices
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Pay By Phone
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As one of the world's most famous credit cards, Visa is a trustworthy payment method for online payments. It offers players safety and convenience. Plus, hundreds of online casinos accept Visa as a payment method.
As one of the world's largest credit and debit card issuers, MasterCard links to over 25,000 banks and financial institutions worldwide. MasterCard is a perfect choice for online casino players wanting to make deposits and withdraw because it processes online transfers quickly and securely.
About the author
Liam O'Sullivan, an Irish digital maestro, seamlessly fuses his impeccable command of English with an enthusiastic penchant for online gaming. Highly regarded for his localization expertise, Liam fine-tunes online casino guides, ensuring they resonate profoundly with the diverse English-speaking populace.