Security, Chargebacks, and Disputes: How Safe Is Rapid Transfer for Online Gambling?
Rapid Transfer operates with bank-level protection. Each transaction runs through your existing online banking login, supported by two-factor authentication such as SMS codes or app confirmations. Paysafe, the company behind the service, is overseen by the Central Bank of Ireland, which adds another layer of oversight. Since your bank details are never shared with the casino, the risk of data exposure is minimized.
Chargebacks work differently compared to card payments. Traditional card schemes allow disputes through the issuing bank, but Rapid Transfer follows the rules of direct bank transfers. This means refunds and dispute resolution depend on the casino’s policies and your bank’s support. In the UK, new rules for authorized push payment fraud reimbursements add a measure of protection, but this varies by region and by bank.