Redcompra is a debit card offered by Transbank and is one of the most popular payment methods in Chile and Latin America. Redcompra cardholders can use this payment method like a debit card to receive and send payments, or simply as a prepaid card that can be topped up as and when needed. With gambling becoming more prominent in South America, it is paramount to find a safe and reliable payment method that is compatible with online casinos.
RedCompra is owned by Transbank which was founded in August 1989 under the top 8 banks in South America: Banco de Chile, Banco de Crédito e Inversiones , Banco Concepción , Banco Español-Chile , Banco de A. Edwards , Banco Osorno y La Unión, Banco Sud Americano and Centrobanco. Since then, more banks in the region have joined this union to offer a debit card option to their customers.
RedCompra is also a perfect payment option for those customers who do not have a physical bank account. It allows users to sign up only for a RedCompra card and make cash deposits in any bank they work alongside.
When signing up for a RedCompra card, additional documents may be required for those who do not have a bank account and prefer cash options.
When opting to deposit into an online casino using RedCompra, you must first hold a fully validated RedCompra account with available funds. Once you’ve done that, here’s how to make our deposit:
Unfortunately, Transbank has a conflicting and confusing fee payment system which is not always easy to decipher. These fees include exchange rates for debit and prepaid cards that range between 0.05% and 1.15%, membership costs from 0.020% to 0.045%, or $0.0003 and $0.038 per switch in each transaction. Transbank will also charge merchants a 1.39% + VAT fee for debit and prepaid card payments.
In addition, certain casinos may add a charge for using RedCompra on their websites. The only way to be fully aware of what fees you might have to pay is to see them on the banking page before you make your deposit at the casino.
Unfortunately, RedCompra is not a payment method that currently allows users to withdraw from an online casino. Any winnings you might make when playing slots online will have to be removed via an alternative payment method, which would generally be a bank transfer. For users who do not own a physical bank account, there may be other methods available to receive your winnings which may be better discussed with the casino.
Remember that many other factors can also influence the withdrawal speed at an online casino. If you need to verify your account or provide documents, this will slow things down. If you have a large balance, you may also need to withdraw in separate transactions, taking longer to get all your cash.
Generally, the payout speed depends on the casino itself and does not always consider the deposit method, especially when you cannot withdraw back to this method. When a player requests a withdrawal, it’s passed on to a payments team to process and approve. A lower quality casino may take longer to do this and so cause delays in getting your cash. Therefore, it’s essential to choose one of the best RedCompra online casinos, like those listed below:
| No. | Online Casino | RedCompra Deposit | RedCompra Cashout |
|---|---|---|---|
| 1 | King Billy Casino | Yes | N/A |
| 2 | Spinit Casino | Yes | N/A |
| 3 | Videoslots Casino | Yes | N/A |
| 4 | Fairspin Casino | Yes | N/A |
| 5 | Playamo Casino | Yes | N/A |
| 6 | Casumo Casino | Yes | N/A |
| 7 | Casino Joy Casino | Yes | N/A |
| 8 | Dunder Casino | Yes | N/A |
RedCompra offers many benefits to using them online, such as allowing users without a bank account to make online payments and offering a prepaid card deposit option; however, there are still a lot of downsides to using them. Here are our pros and cons to using RedCompra to gamble:
RedCompra remains a top choice of payment provider in Chile because when using this payment method at available casinos, users can also claim bonuses on their deposits. Because RedCompra allows deposits to be made instantly, users can also claim their bonuses simultaneously.
Some of the most popular casino bonuses claimed when depositing with RedCompra include deposit offers that match your deposit amount, free spins, casino wеlсоmе bоnuѕеѕ, cаѕhbасk offers, rеlоаd bоnuѕеѕ, exclusive game оffеrѕ, cаѕіnо tоurnаmеntѕ, and (if applicable) bоnuѕеѕ dеѕіgnеd ехсluѕіvеlу for уоu.
RedCompra is owned and operated by Transbank. However, your local bank account may also be able to issue you a RedCompra card. As such, if you are having issues with your card, then it will always be easier to reach out to your bank to assist you in the first instance. If you are a cash user, then the chances are your card will be issued by Transbank, and you should contact them. Here are the details:
Note: The call centre operating hours are between 08:00 and 22:00, seven days a week.
RedCompra is currently the most popular payment method in Chile for several reasons, as outlined on this page. However, users will have to verify their account fully, and casinos may be limited with this payment method. Here are some other payment methods available that are similar to RedCompra:
Skrill is a secure and convenient method to transfer funds online, providing real-time instant payments. You do not need to expose any credit card information when you play at online casinos.. You can fund your Skrill account using credit/debit cards, bank transfer, instant electronic funds transfer, GiroPay and other payment methods in over 30 countries.
Skrill is supported by 976 casinos
NETELLER is similar to Skrill and is the most widely accepted method for playing online. You can fund your NETELLER account using credit/debit cards, bank transfer, instant electronic funds transfer, GiroPay, and supported local payment methods in your country. You can access your account balance and transaction history anytime, anywhere, via the NETELLER website.
Neteller is supported by 947 casinos
Online casinos are giving players more payment options than ever before. You can choose to deposit and withdraw how you want, and there are now hundreds of casino payment providers available. One of the newer names in the market is Trustpay, which is already being snapped up by many online casino sites.
Trustpay is supported by 50 casinos
The online gambling industry is rapidly changing. A few years ago players only had a handful of options to choose from when making deposits and requesting withdrawals. Today there are an overwhelming number of payment methods available. FastPay is a relatively new mobile wallet that is quickly gaining traction in specific countries. It allows users to deposit, withdraw, and perform numerous other functions using their mobile phones.
Fastpay is supported by 11 casinos
Our expert team has vetted every online casino with RedCompra on this page before being recommended to our readers. If you use a RedCompra casino other than those on our website, you should be vigilant with your personal and financial information.
RedCompra takes the safety and security of its customers very seriously. Because they allow users to make cash deposits and do not require users to input any of their own personal or financial information when making purchases. This ensures no private information is passed on to different merchants.
In addition, only banks under the Commission's supervision for the Financial Market and Ministry of Finance can issue RedCompra cards.
Before registering at any online casino, you should check that it is properly regulated and licensed by a recognized gambling body. This means that the casino is compliant and is subject to regular checks for safety and fairness.
One of the reasons users continue to choose RedCompra when they gamble online is that it is such a widely known and accepted form of payment. RedCompra works in association with all major banks throughout Chile, and users can have this linked directly to their bank account with the card being issued by their bank now.
In addition, RedCompra also fills the niche for the few people left in the country who do not or cannot hold a physical bank account. These users can open a RedCompra card through Transbank and make cash deposits directly in the bank.
Gamblers using RedCompra will be subject to several fees when depositing into some best online casinos, some of which will be difficult to see until you are ready to make the actual deposit. Some of which may also be charged by the casino themselves; therefore, it is always recommended to review this before making the real deposit to ensure enough funds are available in the account.
Furthermore, RedCompra is currently not a supported payment method for withdrawals. Users who win at their online casino will have to add a payment method or make a bank transfer to receive their funds. Users without a bank account will consider this when opting to use this payment method.
Lastly, RedCompra does allow users to claim available no deposit casino bonuses on their deposits, so it is always worth reviewing the promotions page before making your deposit and weighing up your options with bonuses and deposit fees.
RedCompra is owned and operated by Transbank and, as such, operates under the same banking license. Transbank complies with the Chilean General Banking Law and is monitored by the Financial Market Commission.
Haven’t you found what you’re looking for yet? Then check out our most frequently asked questions about RedCompra below:
Can I use RedCompra at online casinos?
Yes, Chilean users and other South American countries can use RedCompra to deposit online, however, withdrawals are not currently supported, and users will have to add an additional payment method for withdrawals.
Is RedCompra free to use to gamble?
RedCompra charges several different fees and users will have to abide by these when depositing into an online casino. All fees will be made clear at the time you are making your deposit.
Which countries accept RedCompra?
RedCompra is mostly only allowed to users who are residents in Chile, however, limited access is allowed to users who may reside in other South American countries who are willing to operate in CPL or USD.
