Most popular payment methods in gambling


Payments are essential in the gaming industry, and players looking to explore real money games have access to several payment methods. Each casino supports a group of unique options.

However, you will come across similar options on most online gambling sites. Whether you prefer traditional VISA and MasterCard or modern and sophisticated digital coins like Bitcoin, gambling operators have a surplus of payment methods, so you can choose the option that suits your needs. Below is an overview of five popular payment methods and examples available to online bettors.

Credit / Debit Cards

Credit and debit cards are the most common banking options used for daily online and offline transactions. Players can use VISA, MasterCard, Maestro and several other credit / debit cards linked to their bank accounts. The option offers safety, convenience and reliability. People use cards to make transactions while shopping online or at supermarkets, gas stations and several other outlets.

Although the UK Gambling Commission (UKGC) has banned credit cards from UK licensed casinos, players find credit card casinos via NonGamStopSlots because it remains one of the most popular payment methods. You can also continue to play with your favorite debit cards, and players who want to use credit cards can explore non-UK casinos. The benefits of using bank cards include convenience, fraud and purchase protection, higher transaction limits, and free credit scores when you pay off credits on time. These options are also used at pretty much every offshore casino, so you’ll find them at just about every reputable gambling site.

Prepaid cards

Prepaid cards such as Paysafecard and AstroPay Card have become popular deposit options among players seeking privacy and anonymity. Players can purchase prepaid cards offline at grocery stores, gas stations and other outlets or online through the respective websites. Prepaid cards have come a long way and are more like e-wallets, given that players can buy them online. However, they are only available for deposits.

These cards are sold at specified prices, so you can buy a card worth $ 5, $ 10, $ 100 or more if the payment system allows. Each card comes with a unique code / PIN that indicates the value. For example, the Paysafecard and the AstroPay Card have 16-digit codes. Once players have purchased the PIN, they can use it to make online purchases on websites that accept the prepaid card. The introduction of online PIN codes allows players to fund their accounts in other ways, so that future casinos can accept withdrawals to a verified prepaid card account.

Crypto-currencies

Cryptocurrencies or digital currencies have become common and popular among online bettors. The most popular crypto is Bitcoin. Introduced in 2009, Bitcoin has become a contemporary payment option for making transactions online. Many e-commerce sites and businesses accept Bitcoin payments, just like casinos. Players can send / receive money using their Bitcoin wallets just like e-wallets and banks. Many players choose cryptocurrencies on credit cards because of the benefits offered.

Crypto payments are also secure and accept higher bank limits. In addition, the system uses decentralized blockchain technology, which results in incredible anonymity. Therefore, it is more difficult to track crypto transactions and no banking information is required. Players also benefit from secure instant deposits and withdrawals. Popular cryptos used in gambling sites include Bitcoin, Litecoin, Ethereum, Tether, Dogecoin, and Bitcoin Cash. However, there are over a hundred unique pieces and UK casinos accept at least a dozen of the major options.

Bank transfer

Also known as wire transfer, a wire transfer is a method of payment that facilitates the electronic transfer of funds from one entity or individual account to another. Bank transfers use bank networks or transfer agencies to send money across the globe and are popular casino payment options. Like credit and debit cards, these transactions are linked to your bank account, so you need to open an account with online / offline banking to make wire transfers.

However, they do offer security, huge bank limits, instant deposits, and fraud protection. Wire transfers have also been in use for decades and are reliable options used to complete various transactions online. However, this method is known for slow withdrawals that take up to five days, especially at offshore gambling sites. With the exception of the long withdrawal time, bank transfers are a great choice for playing at UK casinos and offer maximum security.

Electronic wallets

E-wallets, electronic payments or digital wallets are popular banking options at casinos in the UK and abroad. Since the introduction of PayPal peer-to-peer payments in 1998, we can follow a tremendous development in technology and see that many electronic wallets have come and gone. Others, like Skrill and Neteller, have maintained a presence on gambling sites and remain the most popular choices for gamers looking to play. their favorite games and seek to conduct digital transactions.

However, the gaming industry uses several electronic wallets. Popular examples other than PayPal, Skrill, and Neteller include ecoPayz, Trustly, Apple Pay, WebMoney, Much Better, Zimpler, Interac, and many more. Electronic wallets are popular because they do not require a bank account and offer instant transactions. Most Skrill and Neteller casinos offer payouts within 24 hours. Some options like PayPal only need a valid email address to get started. Players can also send / withdraw money to / from their e-wallets using cards, bank transfers, cryptocurrencies, and other payment methods. Plus, almost all new online casinos support e-wallets and payments are just as secure as wire transfers.

Conclusion

There are hundreds of individual payment methods available to online casino players. Most of the options fall into the above categories. You will also come across unique payment methods including electronic checks, vouchers, and telephone payment invoices. It is essential to review each option before using it. Most importantly, players should read each casino’s banking terms to determine supported payouts, bonus eligibility, deposit / withdrawal limits, and other vital aspects.