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Lobanet

Lobanet is a banking solution designed to connect local Latin American banks with online merchants, including casinos. It was launched in 2000 by Lobanet International Limited, a company based in Lagos, Nigeria. The system works by allowing users to deposit funds directly from their bank accounts into casino wallets without creating a new account or exposing sensitive card details. This makes Lobanet appealing to players who prefer straightforward payments and value security.

In online gambling, Lobanet has carved out a niche by focusing on markets in Brazil, Mexico, Argentina, Chile, Peru, and Uruguay. While it doesn’t have global reach, within its target regions it offers reliable, fast, and cost-effective deposits that many casinos now feature as a primary option.

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Lobanet

Number of Games

0

Type

Mobile Payment, Money Transfer

Fees

N/A

Processing time

Instant

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Alex Yanev

Specialist Content Contributor

02.09.2025

Updated

Key Facts

Company

LOBANET INTERNATIONAL LIMITED

Headquaters

Alagbon, Lagos, Nigeria

Established

2000

Number of users

N/A

Online Casinos Accepting Lobanet

Many licensed casinos in Latin America include Lobanet as a deposit method to serve players who prefer direct banking. The system is widely recognized in the region, making it a standard option in casino cashier pages.

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500

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500

Welcome Bonus Percentage

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100

Total Bonus Percentage

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200

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What Is Lobanet and How it Dominates Online Casino Payments?

Lobanet is a financial network created in 2000 to streamline online payments through local banks. Instead of operating as a wallet or card, it functions as a secure bridge between a player’s bank and the casino, using the same authentication and encryption applied in standard online banking. This design means there is no need for extra accounts, usernames, or stored balances. Users simply log into their bank, confirm the transfer, and the funds appear in the casino account almost instantly.

Its reach comes from connections with dozens of Latin American banks that cover major currencies such as the Brazilian real, Mexican peso, Argentine peso, Chilean peso, Peruvian sol, and Uruguayan peso. By working within these domestic systems, Lobanet reduces the costs and delays linked to international transfers. Players benefit from lower fees, faster processing, and the reassurance that their deposits move through regulated banks rather than unverified intermediaries. This combination of accessibility, speed, and safety explains why many casinos in Latin America highlight Lobanet as a primary payment option.

Is Gambling with Lobanet Legal?

Lobanet itself is a banking tool, so its legality depends on the gambling regulations of each country. In regions where online casinos are licensed and regulated, using Lobanet is considered lawful. Where gambling is restricted or banned, Lobanet cannot make those activities legal, even if the payment clears successfully.

🌍 Lobanet Gambling Legality by Region

RegionLobanet Use for GamblingNotes
BrazilLimited, expandingOnline casino play was restricted until recent regulation; sports betting legalized in 2023.
MexicoAllowedOnline gambling is legal under federal law; many casinos support Lobanet.
ArgentinaAllowed (provincial)Gambling regulated at the provincial level; Buenos Aires leads in adoption.
ChilePending regulationCasinos operate in a gray area; legislation for online gambling is under debate.
PeruAllowed, regulatedNew laws enacted to regulate online casinos and sportsbooks; Lobanet supported.
UruguayAllowed (state oversight)Gambling permitted through authorized operators; Lobanet used in licensed platforms.
EcuadorNot allowedOnline casino gambling prohibited; Lobanet use for gambling is blocked.
VenezuelaNot allowedMost forms of online gambling remain illegal despite some exceptions.

Fees, Delays, and Hidden Costs

Lobanet is promoted as a low-cost method, and in practice most deposits carry no extra charges from casinos. The only common costs are tied to currency conversion or standard banking fees.

Key points:

  • Deposit fees: Casinos typically do not add surcharges when using Lobanet.
  • Service charges: Lobanet itself does not impose fixed deposit fees.
  • Currency conversion: About 1.5–1.7% may apply when depositing in a different currency.
  • Bank handling fees: Some local banks may charge small transfer costs depending on the account type.
  • Delays: Deposits usually post instantly; withdrawals are not supported through Lobanet.
  • Hidden costs: No concealed charges reported; all fees appear at the cashier before confirmation.

How to Use Lobanet to Gamble Online

Using Lobanet is straightforward since it runs through existing online banking systems. The process is designed to keep deposits fast and secure, with all key details displayed before you confirm the transfer.

Step 1

Select Lobanet at the casino cashier

Log into your casino account, open the payment section, and choose Lobanet (sometimes shown as Local Bank Transfer).

Step 2

Enter deposit amount

Type in how much you want to fund and confirm your country and bank from the available list.

Step 3

Review payment details

A payment reference and account information will appear, which you will need for the transfer.

Step 4

Log in to your bank

Access your online banking and complete the transfer using the details provided.

Step 5

Confirm and play

Once approved, the funds appear in your casino balance almost instantly.

Step 6

Withdrawing

Lobanet does not support withdrawals. To cash out, you must choose an alternative method offered by the casino, such as bank transfer, e-wallet, or card payout.

New Online Casinos That Accept Lobanet

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New casinos targeting Latin American markets almost always include Lobanet among their payment methods. Since the service connects directly with local banks and supports deposits in regional currencies, operators see it as essential for attracting players in Brazil, Mexico, Argentina, and similar markets.

Check out all new online casinos:

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8,000

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1,000

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Sportsbooks That Accept Lobanet

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Sports betting sites in Latin America often integrate Lobanet alongside their casino platforms. The method is valued for instant deposits, making it a practical choice for players who want to fund their sportsbook accounts quickly and securely through their own banks.

Kickstart your winning journey, take a look below:

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Live Casinos That Support Lobanet Payments

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Casinos offering live dealer games accept Lobanet deposits in the same way as other games. Once funds are transferred from your bank, the balance is immediately available to join live tables without any separate process.

Cards, Wheels, Dices – Check out the live casinos that accept this payment method:

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Lobanet Gambling Compared to Other Banking Methods

comparison iconLobanet stands out by working directly with local banks, which removes the need for extra accounts or third-party wallets. It offers instant deposits in local currencies and is secure thanks to bank-level encryption. Unlike eWallets or cryptocurrencies, it has limited global reach and does not support withdrawals, but within its supported regions it remains one of the most straightforward methods for funding casino play.

Lobanet vs. Other Payment Methods

CriteriaLobaneteWallets (e.g. Skrill, Neteller)Cryptocurrencies (e.g. Bitcoin, Ethereum)
Account requiredNo, uses existing bank loginYes, requires registration and walletYes, requires crypto wallet and exchange
Deposit speedInstant once bank confirmsInstant to minutesVaries, often minutes
Withdrawal supportNot availableSupportedSupported
Geographic coverageLatin America onlyGlobalGlobal
Currency handlingLocal fiat currenciesMultiple fiat currenciesDigital currencies only
FeesNo direct fees, ~1.5–1.7% conversionPossible transaction or transfer feesNetwork fees, exchange spread
SecurityBank-level authentication and encryptionTwo-factor auth, strong encryptionBlockchain security, but risk of volatility
PrivacyBank account linked but details hidden from casinoLimited anonymityHigh anonymity, but transactions public

Lobanet Card Types Compared – Credit vs. Debit vs. Prepaid

Lobanet does not issue cards in any form. It functions strictly as a local bank transfer system, which means there are no credit lines, prepaid balances, or physical plastics attached to it. Instead, users benefit from features such as direct use of their existing bank accounts, instant deposit processing, no separate registration, and no exposure of sensitive account details to casinos.

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Security, Chargebacks, and Disputes: How Safe Is Lobanet for Online Gambling?

Lobanet transactions are protected by the same encryption and authentication systems used by participating banks, which makes them highly secure. Because deposits are processed through official banking channels, casinos never receive a player’s full account details, reducing exposure to fraud. The trade-off is that Lobanet transfers are final and cannot be reversed through chargebacks, unlike credit cards. If disputes arise, players must resolve them directly with the casino or through their bank’s complaint process. This makes Lobanet safe for depositing but less flexible for recovering funds in case of disagreements.

Payment Transparency – Are Lobanet Casinos Clear on Terms?

Casinos that support Lobanet generally provide clear payment information upfront, but it is still important for players to check every detail before depositing. Transparency covers fees, limits, withdrawal rules, and processing times, all of which should be visible in the cashier or banking terms of each casino.

Fees and Charges

  • No extra deposit fees applied by casinos.
  • Currency conversion fees around 1.5–1.7% if currencies differ.
  • Local banks may apply small transaction charges.

Deposit Limits

  • Minimum deposits usually start around the equivalent of 20 units.
  • Maximum deposits vary by casino and banking partner.
  • Limits always appear in the cashier before confirming.

Withdrawal Rules

  • Lobanet does not support withdrawals.
  • Players must select another method (bank transfer, eWallet, card) for payouts.
  • Withdrawal minimums and processing times depend on the chosen method.

Processing Times

  • Deposits post instantly after bank confirmation.
  • Withdrawals follow standard casino timelines for the chosen method.
  • No hidden waiting periods connected to Lobanet deposits.

Terms and Conditions

  • All Lobanet casinos include banking policies in their general terms.
  • Players should review bonus terms to check if Lobanet deposits qualify.
  • Transparency requires that all charges and limits are disclosed in advance.
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Philosophical Note – Should Rational Gamblers Use Lobanet?

From a rational standpoint, Lobanet offers a safe and practical way to fund casino accounts. It uses existing banks, requires no extra registration, and keeps personal details hidden from casinos. The absence of chargebacks means players must only deposit what they are prepared to spend, which can encourage responsible play. For those who value transparency, simplicity, and security over added features, Lobanet is a logical choice among available payment methods.

Online Casinos Accepting Lobanet – FAQs

Yes, Lobanet deposits are usually instant once the bank transfer is confirmed. Since the system connects directly with participating banks, funds appear in the casino account within minutes. This makes it faster than international wires and comparable to eWallets in speed.

No, Lobanet does not support withdrawals. It is designed strictly for deposits. To cash out, players must use alternative methods such as bank transfers, eWallets, or card withdrawals provided by the casino.

Lobanet itself does not add hidden fees. Casinos rarely charge extra for Lobanet deposits. The only additional cost may come from currency conversion, usually around 1.5–1.7 percent if the deposit currency differs from the casino’s account. Local banks may also charge small handling fees depending on the account type.

In most cases Lobanet deposits qualify for welcome bonuses and reload offers. Casinos normally treat Lobanet like any other fiat payment. The only exceptions are outlined in the bonus terms, so players should confirm whether Lobanet deposits are eligible before claiming a promotion.

Casinos do not receive your bank account details when you pay with Lobanet. They only receive the deposit amount and a reference number confirming the payment. This protects players by keeping sensitive financial data with the bank and not with the gambling site.

No, Lobanet is limited to Latin American markets where it partners with local banks. It is commonly used in Brazil, Mexico, Argentina, Chile, Peru, and Uruguay. It is not supported in Europe, North America, or Asia, as those regions fall outside the Lobanet banking network.

Lobanet is considered highly secure because it uses the same authentication and encryption systems as online banking. Transactions are processed by regulated banks, and casinos never see personal banking details. The main difference is that Lobanet does not offer chargebacks, so players must rely on the casino’s own dispute process if problems arise.

The main issue is limited coverage, as Lobanet only works in certain Latin American countries. Another drawback is the lack of withdrawal support, requiring players to choose another method for cashing out. Currency conversion charges may also apply if the casino’s account currency does not match the player’s deposit currency.

Yes, blocking is possible at the bank level. Since Lobanet operates through online banking, players can ask their bank to restrict outgoing transfers to gambling-related accounts if they want to stop deposits. This is handled directly by the bank and not by Lobanet itself.

Yes, transactions made through Lobanet will appear on your bank statement as regular transfers. They include the reference number and the receiving account but do not always mention the casino name directly. The description depends on the bank’s reporting system.

If a Lobanet deposit fails, players should first check that their bank is part of the Lobanet network and that sufficient funds are available. If the issue continues, contacting casino support is the next step. In some cases the bank could block the transaction, and resolving it requires speaking with the bank's customer service team.

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sashko

Alex Yanev

Specialist Content Contributor

Alex is a dedicated casino reviewer and writer with a fascination for the intersection of logic, philosophy, and gaming culture. Influenced by classical thinkers like Aristotle and Socrates, he brings clarity, depth, and structure to every review, transforming complex systems into accessible insights. With a research-driven mindset and a refined writing style, Alex aims to elevate the conversation around online casinos. When off duty, he finds inspiration in cinema, travel, and the quiet patterns of everyday life, believing that curiosity is a full-time vocation, not just a job description.

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