Banking at online casinos is one of the key factors in a successful online gambling business. Online casino brands tend to be offering a wide range of online payments options in their cashier where players can recognise their local payment option and or explore new ways of funding their accounts. In most of the cases you should be aware that depending of your geographical location there might be certain restrictions in terms of the payments methods which are listed in the cashier. Even though local payment options are among the most preferred ways of uploading money, we believe that Debit or Credit Cards remain the most recommended among all online casino payments.
Digital Wallets
Another method for depositing that has gained significant traction in the online gaming industry is the digital wallet. These wallets comprise a significant portion of the online casino payments list. Interesting story that many of the player don’t really know is the origin of the digital wallet Skrill (formerly known as Moneybookers). The idea and the technological solution goes long back in the offices of one of the first online bookmakers Gamebookers. The developers and the management were looking into the idea of launching a method which one side protects the data of the user and acts as a mediator between the bank and the online bookmaker, and other side lets the user use his email as unique identification when creating an account and sending money around.
The Story
They beta-launched the digital wallet as part of their portfolio of payments and in short period of several months, the payment method became a popular way of funding the newly registered accounts. The management of the company sooner found out that can extend the service and let the players transfer money between account using their email, and the payment method became quite popular way of exchanging funds among the players first on their own brand Gamebookers and then the company took up on its own path becoming now one of the most important digital wallet globally.
Skrill, Neteller, Ecopayz, Paypal are all digital wallet that the modern casino player knows, trusts and uses some of them in his day to day interactions with friends, family or other online retail business. Even though most of the players come on the online casino brands websites already and they have already decided what will be the way of funding the account. It is sometimes worth looking into the promotions section, as casino brands tend to offer generous offers related to a specific payment method.
Gem note:
The reason for the promotions that are related to a specific payment methods is very simple: With the increased pressure of local regulations, online casino brands are exploring the online casino payments landscape and searching for a new payment options that can be flexible and trustworthy enough to be offered to the players. Players should not be afraid to try out new payment methods.
In most cases casino brands have gone through the lengthy way of due diligence with the payment provider and you can be assured that your money is safe with payment method.
Prepaid cards
These can usually be bought at any kiosk or online and there are three types: virtual cards, reloadable and disposable.
Below there are several prepaid options to check out for depositing, each one may be dedicated to a certain country so make sure to double check which countries the method supports.
- Paysafecard
- Entropay
- Neosurf
Bank Wires
Back in the days when one of the few options to deposit online was credit or debit card. The bank transfers were as well that some players were using. The problem with the bank transfers is that usually they are treated as international wires between the bank account of the player and the gaming site. The transfer to be reflected as settled is a lengthy procedure and depending on the banks it can take up t 3’5 working days.
Online Banking
As technology is evolving the banking services improved and companies that were observing the online gaming world and its need and dynamics certainly knew there was a room for innovation. Companies such as Trustly Klarna and Skrill already pretty well involved in the online gaming introduced online banking services letting the layer deposit instantly with their online banking and have their online casino balance topped up in real time with no delay at all.
Gem note: For players that are used to shop with their online bank account, you should look around in the cashier for Rapid Transfer. An online banking services offered by Skrill, which lets you deposit with your bank account regardless of the bank. Usually most of the banks are covered.
Crypto Currencies
In an attempt to completely decentralize the economic order, and the way people look at the value of currencies, developers introduced a whole new format – cryptocurrencies. Bitcoin was the first crypto asset introduced, with many additional digital currencies being built on its basis. Nowadays, there are a few which have managed to gain the most ground in the field of online banking. Crypto currencies has become a significant factor within the online casino payments landscape, mainly because of all the benefits which they deliver for savvy users.
Bitcoin – This was the first currency of its kind, developed as a decentralized and completely anonymous method of sharing and transferring data and funds between peers. It runs on its unique blockchain platform, which later served to develop all kinds of ‘derivates’, operating today as separate crypto currencies.
Ethereum – So far, Ethereum has managed to establish itself as the second largest cryptocurrency after Bitcoin. It inevitably uses its revolutionary technology, and further builds upon it in order to perform its operations successfully.
Most of those payment methods are available at the various online casinos. You can read our casino reviews and choose your preferred online casino. If you want to take advantage of amazing bonuses for new players, we highly recommend you to register at CasinoSinners.com
