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The top payment methods for your online gaming
() 12:07 AM CET - Nov,22 2022

The online gaming industry has evolved considerably in the last decade and so too have the available payment options for funding this pastime. There are multiple methods for payment, and some are considered better than others due to their speed and reliability.

Which one suits you best will be determined by several factors, such as ease of use, speed of transactions, country of residence, fees associated, availability and so on. Pairing the top payment methods at sites like Paygamble.com, with the best casinos will provide a more enjoyable online gambling experience. Let’s take a look at the most trusted and reliable payment methods:

Debit/credit cards

There is no shortage to the availability of debit or credit card payment methods at online casinos around the world. However, for UK players, credit cards are not an option following the blanket ban imposed by the UKGC in 2020. Debit card deposits are typically free whereas credit cards may incur a nominal processing fee for depositing.

Most online casinos will offer players the option to withdraw via their debit or credit card whether that be Visa or Mastercard, with no hassle. Processing times may range from three to five working days, depending on your banking provider and the casino’s own withdrawal policy, which may include up to 48 hours pending withdrawal times while they verify the transaction.

E-wallets

One of the leading online e-wallets recognized around the globe and widely available for online casino transactions is PayPal. Other popular e-wallets which you will regularly see on a casino’s preferred payment options list include Neteller, Skrill and eZeeWallet. Players love e-wallets for their speed, reliability and anonymity.

When using an e-wallet, there is no disclosure of your personal banking information with any third party. Your e-wallet account can be linked to multiple payment top-up methods and operates as a ‘middle man’ with seamless transactions conducted from e-wallet to casino and reverse.

E-wallets provide ease of use and lightning-fast transaction speeds. For example, some casinos may process transactions within one to two days whereas others will do it in a matter of hours. The only possible downfall is that at some online sites, e-wallet depositors are exempt from claiming the welcome bonus or other player promotions. It’s always advised to check the bonus terms beforehand.

Apple Pay

As the world of online gaming has evolved, we have seen a shift to more modern payment methods being introduced, such as Apple Pay. There has been a sharp rise in the number of online casinos now accepting Apple Pay and this continues to increase.

As many of you will know, Apple Pay is convenient, secure, fast and reliable. It uses high-end security measures such as facial recognition or touch ID and acts as a buffer between your bank and the casino. Processing times are much quicker than traditional payment methods. The only potential downside is that not all casinos are onboard yet with mobile pay, so availability can be limited.

Pre-paid cards

The most popular pre-paid method for online gaming is the renowned Paysafecard. It offers online gamblers a safe and secure option for depositing without needing to disclose any financial information with the casino. Paysafecard payments require a 16-digit pin code available from approved local retailers or online through the website or mobile app.

This method offers fee-free deposits, speed, reliability and anonymity for the player. However, the one potential drawback is that casinos with Paysafecard deposits do not always offer Paysafecard withdrawals and deposit limits may be lower than other more popular payment options.

Cryptocurrency

One of the most recent trends in online gaming transactions is the use of decentralized digital currency. Despite the recent crypto crash, it seems more and more players are seeking out this peer-to-peer payment method as their option of choice. The increase in demand has encouraged more casinos to be willing to adopt cryptocurrency as a preferred payment method.

The digital currency has several benefits for online gamers, not least of which are its anonymity, fee-free transactions, easy deposits and faster withdrawals, which are often instant. Of course, the downside to crypto payments is their limited availability. Fiat payment methods remain the primary option at most online casinos, but we expect this will continue to evolve.

Conclusion

There are multiple payment options available to online gamers, some very new and some that have stood the test of time. Which one suits you will be determined by your personal preferences, such as the need for anonymity, faster transactions, mobile compatibility or the desire to use digital currency. 


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