Solo is an electronic debit card that can be used to make payments over the Internet. It was launched in 1997 by the Switch Card Scheme and is a sister card to the Maestro card (formerly known as Switch). It is a UK debit card and does not accept US customers. Solo cards are generally accepted at online betting sites within the jurisdiction of the UK and often at foreign sites that allow the registration of UK players.
How to Use Solo
As long as your bank currently participates in Solo e-commerce, you can use a Solo debit card. You need to register with your bank and activate your Solo-enabled card.
Visit the online betting site that you plan to use the card at and make sure that they accept Solo as a deposit option. You may then need to register your Solo card at the betting site. Visit the cashier section of the betting site and click on “register new debit card”. Once the new card has been registered you will be able to use it to make deposits into your online account. Simply visit the cashier section of the site, select the card that you want to use to transfer the funds, enter the amount that you wish to transfer and click “deposit”.
Deposits into a betting account are often processed immediately (or at least within a few hours) as the funds move directly from your bank account into the online betting account. Solo can also be used to withdraw funds from your online betting account. However withdrawals may take up to five business days to clear.
Benefits of Using Solo
Customers are only able to spend what is available in their account giving them a greater level of control over their bankroll. If there are sufficient funds in the account, the transaction will receive electronic authorization and the funds will be transferred.
Solo ensures a high level of fraud control making this a safe and secure banking solution. You are able to keep track of your spending as it is simple to access your statements from your bank.
As Solo is a debit card, it is a convenient and familiar payment solution for customers. Most people who play at online betting sites will be familiar with how to use a debit card for online purchases. Using your Solo card to fund your online betting account is just the same. It also means that players do not have open any new accounts or find any new payment options – you can use an existing option. This makes it a popular solution for many people.
The fees that are charged for using a Solo card are set by the banking institution that the card holder uses and by the card issuer. It is important to be aware of the fees that will be charged before you use the card. Some online betting sites will require a minimum amount for deposits; sometimes as much as $50 per deposit.