Lobanet is a payment gateway characterised by 10 years of successfully delivering payments to customers from South America. The owner of this banking solution is Minerwa Data.
The list of countries where the gateway has bank-partners includes Mexico, Brazil, Argentina, Chile, and Peru. All types of reals, as well as pesos, are among the currencies processed by the system. It also supports conversions to the currencies it does not automatically support, but these conversions will come with a certain fee.
Because Lobanet (Local Banking Method) is not an e-wallet, it does not require registration. Instead, you will have to be a resident of any of the countries where it is active, as well as a client of any of more than 40 banks with which the system partners.
So, how exactly does Lobanet work when it comes to online gambling?
In the cashier, you will need to select Lobanet as a payment method. The system will then automatically send you to the Lobanet gateway where you will need to choose the country and the bank where you have an account.
Log in to the account and verify the transaction with the unique pin. The funds will be added to the account instantly. The casino won’t charge any service fees but the gateway might.
As far as the cashouts go, Lobanet is not compatible with casino withdrawals. You will need to contact the help desk representatives of the selected brand to figure out the best way to receive your wins. It is best to do this prior to registering and depositing to make sure you will be able to cash out hassle-free.