Best BankAxept Online Casinos 2024

By Kwasi Osei-Bobie 30.01.2023, updated 15.11.2024

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BankAxept is one of the most used banking methods for online casino transactions in Norway. This payment gateway has become synonymous with instant deposits, contactless banking, and secure transactions, all leading to its widespread adoption throughout the country. This explains the growing number of BankAxept casinos, as players can deposit and receive withdrawals with this method. Backed by nearly all banks and payment terminal providers in Norway, BankAxept powers a very safe and secure system. As such, bank-level security is always the standard when using this transaction option at BankAxept casinos online. Considering there are many online casinos accepting BankAxept, we review this payment method in detail. We also provide a list of the best BankAxept casinos around the world.

General information about BankAxept

BankAxept is a Norwegian payment platform that makes it possible for businesses and individuals to complete transactions within a network. BankAxept was formed in 1991 by a partnership of numerous banks in Norway as an electronic payments service provider. The company became known as BankAxept AS. Today, the company is known as Bank ID BankAxept AS. Following a merger between Bank ID and BankAxept in 2022, the company became a subsidiary of Vipps Holding AS, but BankAxept itself is generally still owned by 104 Norwegian banks.

BankAxept is supervised and regulated by the Financial Supervisory Authority of Norway (Finanstilsynet). Since BankAxept works with nearly all banks in the country, it offers payment cards that can be used at ATMs, point-of-sale terminals, and online platforms. The cards are normally affiliated with and also issued by the user’s bank. 

Therefore, whenever a user makes a payment with a BankAxept card, their bank account is debited for that amount. Players can visit online casinos with BankAxept and deposit with their card. 

BankAxept market coverage

BankAxept was developed for the Norwegian financial market, and it continues to serve its purpose efficiently. The vast majority of card payments in local stores are made with BankAxept. Users who play at casino resorts also use BankAxept cards to make deposits. The cards are also widely used in online stores for payment of goods and services, including casino gambling. In this regard, players can deposit at real money BankAxept casinos with their cards.

However, the Norwegian banks behind BankAxept continue to partner with various financial service providers in other countries. As a result of such partnerships, BankAxept cards are accepted in Denmark, Sweden, Finland, and other countries in the EEA. Most of these countries regulate gaming within their jurisdiction. Many offshore online casinos accepting Norwegian players offer BankAxept as a transaction method. In this regard, the players can deposit NOK, which is accepted at so many offshore casino sites. 

In the event that NOK isn’t accepted, BankAxept will convert your deposit to the required currency, including EUR, USD, etc. Also, most BankAxept cards are co-labelled with Visa or Mastercard, making them compatible with these two payment giants.

How to deposit to online casinos with BankAxept

Most BankAxept online casinos have a simple and straightforward deposit procedure, which we’ve explained in the step-by-step guide below:

1. Find a BankAxept casino. Our site has detailed reviews on many online casinos with BankAxept deposits. We recommend reading such reviews before signing up with any casino that catches your attention.
2. Fund your casino account. Visit the casino cashier and select BankAxept as your deposit method. 
3. Confirm the transaction. A one-time password (OTP) will be sent to your mobile number. Enter that OTP in the required field, and BankAxept will process your deposit immediately.

How to withdraw from online casinos with BankAxept

Even though BankAxept withdrawal isn’t available at so many online casinos, some casinos still facilitate payouts via this method. And this payout procedure at such casinos is quite smooth. Keep in mind that BankAxept withdrawals are processed to your regular bank account. However, your bank must be part of the payment system; if not, it won’t work. Once you verify your identity in line with the online casino’s requirements, you can proceed to request a payout. The process is as follows:

1. Sign in to the online casino. If you have withdrawable funds in your account, you should log in to the casino.
2. Visit the cashier. You can go to the cashier by clicking/tapping the ‘Withdrawal’ button. Some casinos allow access to the cashier via the ‘Profile’ section/logo. Once you’re in the cashier, select BankAxept as your payout option.
3. Provide the required information. You have to enter your BankAxept-enabled bank account number, name, phone number, etc. Afterwards, press the ‘Withdraw’ button, and the online casino will process your request within the specified time.

BankAxept transaction times and fees

Fast settlement is one of the top features of BankAxept, which means transactions are sorted in real time. As such, your BankAxept casino deposits will show up immediately. With regard to withdrawal times, they vary from one online casino to another because casinos have their in-house withdrawal policies. Most casinos process withdrawal requests within between 48 and 72 hours. Afterwards, the funds are sent to the player’s BankAxept-enabled bank account within one business day. 

It’s uncertain whether BankAxept will charge a fee for casino deposits and withdrawals. Since the entire transaction revolves around banks, you may expect a tiny fee from your payment provider. Nonetheless, you should confirm from your bank whether fees may apply when using this method for casino transactions.

BankAxept pros and cons

Pros

• Top-notch security
• Speedy deposits and payouts
• BankAxept cards are accepted everywhere
• Partners with Visa, Mastercard, Apple Pay, etc.

Cons

• Not accepted in many online casinos outside Norway

Convenience and safety of BankAxept casinos

Bank ID BankAxept is renowned across Norway and the entire Nordic region for providing user ID and security solutions. The method has a range of features for increased security. The user’s data is protected with high-end encryption technology. This makes it possible for you to confirm transactions on the mobile site easily without compromising your details.

BankAxept allows you to initiate two-factor authentication (2FA) for all online transactions. In this regard, you’ll be sent an OTP each time you wish to deposit money at online casinos that accept BankAxept. On their part, top BankAxept casinos are secure, as they handle user data in line with the EU GDPR and other data regulations.

BankAxept mobile usability

Users can operate BankAxept through their regular bank app. You can confirm payments on your smartphone by logging in to the BankAxept website. For online transactions, OTPs are also sent to your phone number, from where you can enter it on the casino site. So, BankAxept is a mobile-friendly payment method.

Conclusion

Accepted at all physical stores in Norway, BankAxept facilitates contactless payments with a simple tap. If you wish to fund your online casino account, all you need is to enter your card details and OTP for the transaction. The funds arrive immediately, so you can start playing games in no time. This method is also available for withdrawals, with the funds sent directly to your bank account after being processed. It’s also a mobile-friendly banking option, as you can confirm transactions and receive OTPs on your phone. Thus, you should consider playing at one of our recommended BankAxept casinos.