What is GCash?
If you are residing in the Philippines and you wish to sign up for an online casino with a Cagayan Economic Zone Authority or PAGCOR (Philippine Amusement and Gaming Corporation) license, there are many things you need to consider. One of such is the banking methods offered.
GCash is a highly revered and widely considered transaction method and the best for punters in the region. This post lets you in on all you need to know about GCash and why you should use this payment option for a great iGaming experience.
GCash Payment Option Explained
Every region around the world has payment options that best serve its citizens. That is no different in the Philippines with the GCash payment option.
GCash is a financial product launched by GLOBE TELECOM of the Philippines. This financial product is a digital wallet specifically designed to serve Filipinos. GCash is a simplistic, convenient, dynamic, quick, and reliable online banking option for Philippine users. GCash can be compared to other internationally renowned e-payment banking methods like Neteller, Skrill, and PayPal. The difference is that, unlike these e-payment options, the scope of GCash is strictly confined to the Philippines.
Filipinos can load their GCash mobile wallet with funds which they can then use to make payments online, buy items on the internet, pay recurring bills, fund iGaming accounts, and even transfer money to others.
With GCash mobile wallet, you do not need to take physical cash wherever you go shopping. You can transfer funds online from your GCash mobile wallet to various merchants instead of using money to pay for commodities purchased.
GCash can be used by private individuals and corporate entities in their daily trading transactions. GCash is one of the leading mobile payment options in the Philippines and is duly regulated by Bangko Sentral ng Pilipinas (BSP).
This mobile payment solution is licensed by BSP, the Philippines ‘ federal or central bank. If you own a BSP approved GCash wallet, you can use the app to purchase commodities, receive or send out funds, and load personal online casino gaming accounts. All you need to be able to own your GCash wallet is an active mobile number running on TM, GLOBE or other mobile telecoms networks. Check out more online casino Philippines at MCW casino where you can learn about the history of casino in Philippines, regulation, and which are the best online casino to play.
Opening a Mobile Wallet Account
As mentioned above, to own a GLOBE GCash wallet, you simply need a mobile phone number active on either the GLOBE TELECOMS network or other similar telecommunications networks. The SIM Card in your mobile device is used in opening and activating a GCash account. Without the Philippines registered SIM card, you will be unable to open an account or use the GCash in-app features.
Here are five steps you need to take to open your GCash account successfully:
- The first thing you need to do is download the GCash app to your mobile phone. You will need an Internet connection for this.
- Next, install this app on your mobile device.
- Launch the GCash mobile app, then input your mobile phone number. Tap on the “Next” button to proceed.
- Input the mandatory personal data in the information boxes provided on your phone screen. Make sure you complete this compulsory registration process by providing accurate information.
- You will be required to provide a 4-digit Mobile Personal Identification Number or MPIN. Your chosen MPIN acts as your GCash password and grants you access to your personal GCash mobile account as well as its in-app features or functions. With your MPIN selected, you can then tap the “Submit” button.
The MPIN is your private security number and password, and it should be kept safe from prying eyes. Do not share your MPIN with anyone, as your personal and financial details could be compromised.
Once you have completed the registration process, GLOBE will send you an SMS confirming your registration and providing you with a 6-digit authentication code. To complete the entire process, you will need to launch the GCash app once more and enter the 6-digit authentication code provided.
This code authenticates your mobile device. You can now start using your GCash account by simply opening the app, inputting your MPIN and tapping the “Log-In” button. It is also important that you fulfil the GCash verification process to enjoy all the wallet functionality.
If you are not a verified GCash wallet user, your wallet use will be limited. You may be unable to transfer funds or even connect your local bank or similar e-payment options like PayPal to your GCash account.
Verification Process Explained
The GCash verification process involves achieving three different verification levels, namely;
- Basic
- Partially Verified
- Fully Verified
Basic
It is the initial opening process, as explained above. Here you will provide general information to open and access your GCash account with your MPIN password. However, you have limited in-app control, functions, and features.
Partially Verified
Here an online personal information form must be accurately filled out and submitted. You will be able to gain access to some in-app features and functions. You can send, receive and withdraw funds from your GCash account. But you will be restricted from accessing some other valuable services on the mobile wallet.
Fully Verified
You can become a fully verified GCash mobile wallet user by completing a video chat with a GCash customer support representative. Being a fully verified customer will allow you to access all the services available on GCash.
For example, having a fully verified status will increase your available transaction limits. Typically, you are allowed a limit of Php 40,000, but with a fully verified status, this will rise to Php 100,000. In addition to this, your bill payment limit will move from Php 5,000 to Php 100,000.
In Conclusion
The GCash account is compatible with several deposit methods, most of which are very popular. These include MoneyGram, BPI, MasterCard, PayPal, RCBC, RD Pawnshop, Villarica Pawnshop, and Cebuana Lhuiller. Withdrawing funds from your GCash account is easy and seamless to your local bank account or other e-payment accounts. You can even withdraw from ATMs using a GCash MasterCard if you prefer.
At Mega Casino World Philippines, we offer online casino Philippines GCash as one of several preferred banking methods for Filipino punters. You can sign up with us, deposit funds into your gaming account using GCash, enjoy a welcome bonus, and play various casino games to earn big winnings today. With a quick, seamless transaction guaranteed, you can also withdraw funds from your gaming account to your GCash mobile wallet.
