With the constant changes in technology and advancement of the internet, gambling has also been able to change and adapt with time and today can be found in a new form that is called an online casino. Do not be alarmed! Online casino is still the same type of gambling that you are used to, but one that can be played through the internet (virtually).
For any software that people use whether online or offline, “User Friendliness” can be summarized as a key principle. So, when it comes to payments (making deposits and withdrawals) in online casinos, selecting the best option is important for any serious gambler. A good payment option is one that is secure, cheap and easy to use. Thus, for any reputable casino, having multiple payment options is important is ensuring customer comfort at all times.
Initially, payment options were usually made through bank transfers and credit/debit cards that are still in used and favored to this day. However, with the ever-changing technology, multiple payment avenues have cropped up, making it quite a hustle for some to decide on the best choices to pick from. With the current technology, some payment methods can cover entire, regions, countries and demographics thus making them a suitable option for most people. So, which are some of the most favored payment options by online gamblers you ask?
Below is a guide that lists some of the most notable payment methods for gamblers. Take a look at them before you decide on which you will be used to place your bet.
To date, credit cards remain one of the most popular modes of payments at casinos. Basically, all casinos accept credit cards. Some examples of credit cards that are used in casinos include master cards, visa cards, American Express and pay safe card. The visa card is the most popular one being that it is universally accepted as it cuts across the globe.
In as much as credit cards have proven to be very useful for gamblers, they have also been known to be a bit expensive for both the gambler and the casino owners due to their charges. In countries such as the UK limits have already been imposed.
However, while credit cards may soon be limited, debit cards remain a favorite for many who understand and appreciate their value. Debit cards remain one of the most popular payment methods for gamblers. Unlike credit cards, debit cards have been noted to be cheaper and widely available thus making them a reliable option for online gamblers.
For most business transactions, PayPal is quickly becoming a very suitable mode of payment given its unlimited reach. With just under 200 million users worldwide, PayPal is currently the largest online wallet. Simply put, PayPal provides its users with an option to store their money online, which means that they can access it from anywhere in the world.
Due to its massive reach, casino owners have regarded it as a valuable addition to their payment options and it enables them to reach clients from various geographical regions.
With PayPal, gamblers can make transactions without having accounts. Gamblers only need to have a PayPal account to make payments to the casinos.
Just like PayPal, Neteller is also another online wallet that allows clients to save their money online. For this payment option, however, the processing is faster, safer and secure thus making more and more customers lean towards it.
These are commonly used in Australia and Canada. The payments are processed directly through a customer’s bank account.
As mentioned earlier, banks have for a long time been involved in enabling gambling transactions, thus making them a safe bet for many gamblers. With a wire transfer, you can make deposit and withdrawals to and from the casino to your bank account. This method is especially used for making large deposits and withdrawals.
If you are into cryptocurrency, then you understand what bitcoin is. This is a digital currency that was introduced recently and has quickly become popular amongst many users. Most casinos today offer it as a payment option for those who are able to afford it.
Other growing forms of cryptocurrency include Dash, Litecoin, Dogecoin, and Ethereum.
Pay by Phone
This is a payment option that allows users to make transactions directly from their phones. You simply enter your mobile number and give your financial information.
Pay near me
This option is meant for the sceptics who do not trust online processes. It allows you to deposit an amount at a local store and later use it online to make bets on your account.
This is a money deposit method that is popular in Europe and Canada and allows deposits to be made in various currencies.
With the ever-changing technology, it doesn’t seem like there can be a shortage of payment options which essentially means that casinos will also have to know and avail the best options for their customers. Since you cannot offer all these options at the same time, it is important to study the market and select the best one for your client’s comfort.
The fact that you are at the safety and comfort of your home does not mean that your activities are always secure. It is good to note that there are also a lot of scammers and criminal activities that take place online and you may just as well fall victim. It is therefore necessary to ensure that your accounts are protected with passwords.
It is therefore important that you select a payment option that is trusted and most suitable for your need. The best methods are the ones that have been in use for a long and have managed to stand the test of time. For example, while e-wallets are the fastest payment options, they are not necessarily the safest methods and it would thus be important for you to understand what you are looking for.