The Best Payment Solutions When Playing Real Money Games Online
Online gambling is quickly becoming the preferred option of many players today. Going online is simply fast, easy, and convenient. Multiple factors make online casinos and bookies the better option when gambling. But when it comes to what makes the online real money gaming experience convenient, many would agree that it’s because of how easy it is to make transactions.
Back in the day, many people are quite hesitant about making transactions online. Some are concerned about their safety and some just can’t find a convenient payment option. Today, however, times have changed and online payment solutions are better than ever.
Online casinos and bookies are now offering payment options that are most convenient for their customers based on their location. For example, you can use Astropay India for online betting on many gambling sites if this is where you’re located. If you’re in the Philippines, you may find an international betting site accepting local payment solutions like GCash or PayMaya.
The bottom line is that wherever you are, gambling sites will usually find a way to make it easier for you to make a deposit and withdraw from your gaming account. Curious to know what are some of the best payment solutions used by many gamblers today? Here they are.
Credit and Debit Cards
The use of credit and debit cards is still popular these days. You may find that almost all gambling sites would accept card payment options for Visa, MasterCard, Maestro, and American Express users. Many prefer this option because it’s so easy to use. You’ll only need your card’s number and the security code to be able to make a purchase or deposit to your account.
While credit cards are still widely accepted by most online casinos and bookies, there are places where credit cards are not allowed to be used in any gambling activities. Countries like the United Kingdom have a ban on credit card use in any gambling activities as it could make people more vulnerable to gambling problems. Be sure to check what legislations are in place in your location if you intend to use a credit card.
Aside from credit and debit cards, prepaid cards are also starting to gain popularity. This is useful to people who still want to use a card on making gambling-related transactions but don’t want any of those linked to their bank accounts.
In some places, if a person’s bank account is used in any gambling-related transactions, it could affect their eligibility for taking out a loan or mortgage. This is why some online gamblers who want to avoid this would use prepaid cards instead.
A prepaid card only stores money that is loaded onto it. Generally, you can’t spend more money than what’s loaded onto the card and this makes it a great option for people who want to strictly comply with their gaming budget. Prepaid cards are just like debit cards but it has nothing to do with your bank account.
If you’re completely fine with using your bank account when gambling online and if you have online banking, then you can just opt to use the bank transfer option. This is the same with a wire transfer. What you have to do is link your existing bank account to your gaming account. The online casino may have to ask for your bank account details for this to be possible. You will also have to authorize the transaction with your online bank.
How fast you’ll be able to receive your deposit to your gaming account will depend on the type of bank transfer you’ll use. Some of the popular instant bank transfer payment alternatives that many online casinos use are Trustly, iDEAL, and Giropay. However, know that instant transfers usually have additional fees so be sure to check!
Digital and Mobile Wallets
Another option you can use on online casinos that’s not directly connected to your bank account is digital and mobile wallets. Some of the popular e-wallets used on online casinos today are Paysafecard, PayPal, Skrill, Neteller, EcoPayz, Venmo, and CashApp.
These platforms are secure and easy to use. What’s also great is that if you encounter any problems with your transactions, you can also ask for support from them. Platforms like PayPal have user protection services that ensure fair transactions between a merchant and a user.
Another payment solution that’s starting to gain more popularity is the use of cryptocurrencies. Some of the most popular cryptocurrencies used by online casinos today are Bitcoin, Bitcoin Cash, Ethereum, Cardano, and DogeCoin.
This is the best option if you want to transact privately and this is why anonymous online casinos usually only allow cryptocurrency transactions. Generally, you will only need a wallet address and/or destination tag to be able to send and receive cryptocurrencies to and from other users.