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Bank Wire Transfer in Vietnamese Casinos
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Hundreds of online casino players, despite the tricky online gambling regulation, decide to use bank wire transfer for their deposits and withdrawals. Why is that so? Well, probably because this solution is valued for its convenience, speed, and reliability, as it provides them with the option to make a direct transfer of money from one bank account to another, either domestically or internationally, in just a few simple clicks or taps on their device. Add to that the fact that this method is offered across most if not all, online casinos that cater to Vietnamese players, and there you have it, the reasons why this is a solution you should at least try. Why start using bank wire transfer across online casinos that accept Vietnamese players?
Online Gambling Regulation in Vietnam
Given the fact that Vietnam was struggling with poverty and a poor economy, a few decades ago it had to welcome land-based casino giants and allow them to build lavish casino establishments in the hopes that it would get a financial boost. The country followed in the footsteps of neighboring countries, whose land-based gambling markets were flourishing. However, while investors were allowed to build the casinos they wished, they were not allowed to give Vietnamese local players to step foot inside these establishments. The government was adamant that the casinos should be frequented by tourists only, and no locals were allowed to enter.
Vietnamese locals didn't see another way out of this situation and started trying their luck across casinos that were based in the neighboring countries, Cambodia being their solace. Seeing how the land-based regulations were not to their advantage, the authorities reconsidered their previous decision and finally started allowing Vietnamese players to access some casino revenues based in the country. To this day, this hasn't changed, so Vietnamese players are free to gamble across the many brick-and-mortar casinos at their disposal.
But as great as that sounds, online gambling started to take over, and more and more Vietnamese players started frequenting online casinos. First, Vietnam imposed a curfew on gambling activities, but then the government decided to make online gambling illegal, so for a player to frequent online casinos is considered a crime in the country. The authorities seem to not see the potential economic boost online gambling could bring but are more afraid that online casinos will drive away investors. In fact, the country is so dedicated to eradicating online gambling, that it has jailed senior police officials for running illegal online gambling operations.
Nevertheless, you will see Vietnamese players across international online casino sites left and right. They continue accessing these sites one way or another, even though the authorities are doing their best to locate and penalize operators that continue catering to Vietnamese players. That's one of the main reasons that, as a Vietnamese player, you won't find thousands of sites to access, but there are still such operators that don't mind giving you access.
So, you will have to look for sites that accept Vietnamese players and then find a way to access them, going around the blockades the authorities have put in place. Don’t worry, though, because as soon as you find a few potential sites to join, you will see that a world of top-notch games will be at your disposal. Whether you prefer playing slots, you are more of a Live Dealers games player, or you would like to occasionally play a round of online poker, you will have them all offered across the sites that accept Vietnamese players. That's not all: these games are delivered by the likes of Red Tiger, Evolution, Play’n GO, and Yggdrasil, to name a few leading software developers. So you certainly won't be short of choices when it comes to game selections.
But, what you might want to focus on is the decision on the payment method to use for your deposits and withdrawals across these sites. There are not that many alternative payment solutions to use that allow you to transact in your native currency, the Vietnamese dong, so you might want to proceed with a simple bank wire transfer, a method that many Vietnamese players are already using across international online casinos. With it, you will be able to transfer from one account to another the money you wish to deposit and the money you wish to cash out from your online casino, in your local currency. There's more to it, of course, such as reliability, speed, and convenience, so continue reading to find out how to get started with it and use it across the online casinos that continue targeting Vietnamese players.
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Using Bank Wire Transfer Across Vietnamese Online Casinos
Given how Vietnamese online casino players do have not that many alternative methods to resort to when it comes to online banking, many of them are turning to simple bank wire transfer for their deposits and withdrawals, for many reasons. The first and most obvious one is the convenience this method offers. As long as you have a bank account, you can use it for your deposits and withdrawals across any online casino that you can access. The second reason is reliability since you'll be transacting through the standard banking system, no matter whether you're making a local or an international transaction. And thirdly, you have the transaction speed, which varies from a few hours for local and up to 2 days for international transfers.
With a bank wire transfer, you are transacting from your bank account directly and sending money to another bank, or vice versa, without much effort. The best part is, that your transaction is in your local VND currency. Whether the transaction is to and from Vietnamese banks or banks based anywhere across the world, the process will remain the same, and the transaction will be successfully transmitted from one bank account to another with the aid of wire networks, like the SWIFT (Society of Worldwide Interbank Financial Telecommunication). These wire networks connect banks from all across the world through simple wire keys/codes, so you can rest assured that no matter where the casino you joined is based, your money will be safely transferred.
To cut to the chase, to get started with the solution, you don’t need any extra account registrations. As long as you have an active bank account and online banking profile, you’re good to go. You just need to have your SWIFT key/code ready, and you can immediately start depositing and withdrawing with the solution across your favorite online casino sites. The wire network will connect the banks and make sure they communicate properly for your transactions to succeed, so if you’re ready, follow our lead, as in the next section we’ll tell you exactly how the solution works across online casinos.
Deposits and Withdrawals with Bank Wire Transfer
Bank wire transfer is a payment method offered across most, if not all online casinos that target Vietnamese players. Without a doubt, you will find at least a dozen on your first search. So, the first thing to do here is decide on the site to join, after you carefully explore a few options and find the site that offers the games you wish to play.
Register an account with the casino you chose, by providing the necessary personal details, as required. To fund your registered player account with a bank wire transfer, go through these easy steps:
- Enter the Banking page once you log into your player account.
- Search the Bank Wire Transfer’s icon on the list of accepted Deposit Methods.
- A new tab will open, where you need to enter the needed bank account details and wire network key/code.
- Specify how much you want to transfer and confirm the transaction.
- In a few hours if local or in up to 2 days if international transfer, the money will reach your casino balance.
When it comes to withdrawals, nothing much is different in terms of the steps you need to take. The casino’s banking information should be pre-entered, so all you have to do is enter yours and then set the amount you wish to cash out.
You will need to select the solution from the list of accepted Withdrawal Methods, provide the needed banking details, and wait for the casino to approve the request. This may take an additional 1 to 2 days, depending on your casino's withdrawal policy, but when you get the approval, the money is immediately processed, to arrive in your bank account in a few hours or in 2 more days.
Conclusion
In the lack of better options, Vietnamese online casino players stick to bank wire transfer for their deposits and withdrawals across international online casino sites, for many reasons. This solution is easy and convenient to use, it allows for both deposits and withdrawals in VND and is accepted across most, if not all Vietnamese-catering online casinos. So, make sure you give it a try the next time you wish to play your favorite casino games across global sites.
FAQs
Is online gambling legal in Vietnam?
No, online gambling is not legal in Vietnam, only land-based gambling is. Frequenting online casinos is considered a crime in the country, and operators are penalized for targeting Vietnamese players.
Do Vietnamese players have access to international online casino sites?
The authorities are doing everything in their power to prevent illegal online gambling. They go after operators that continue targeting Vietnamese players and penalize them. However, players still find ways to access international sites, and many operators are still catering to Vietnamese players.
Will I find bank wire transfer as an option for deposits across many Vietnamese-catering casino sites?
Yes, actually, in the lack of other options, Vietnamese players can use bank wire transfer across most, if not all online casinos they get access to. This is one of those standard payment solutions offered across most online casinos out there, so you can rest assured that you’ll find plenty of potential sites to join that offer it.
Do any withdrawal fees apply when using bank wire transfer across Vietnamese online casinos?
No, actually. Bank wire transfer is players’ favorite payment method for this precise reason, the fact that deposits and withdrawals with it are fee-free across most online casinos. You may want to double-check with your casino, but chances are that you won’t need to pay any withdrawal fees.
Who do I contact in case my bank wire transfer deposit fails?
You have two options here: you can either contact your online casino's Support team or your bank's representatives. Depending on the nature of the issue, one of these options will work. The Support agents across online casinos are trained to assist you with this type of issue, but so are your bank's representatives, so do not hesitate to give them a call.