The online casino industry truly brings excitement to many, but it may seem a little scary if you don’t know what you are doing. Luckily, the internet is filled with experts and credible websites that offer advice on what casino to pick, what games to play and how to play them, and many other advice. Even though these are some of the most important criteria for starting the casino journey, payment methods are still a bit more important.
It goes without saying that you need to link a card or a bank account to your casino one. This is simply how it goes. However, besides the good old bank transfers and credit/debit cards, casinos have started accepting many other payment methods. The industry is truly following the evolution of technology and that is why we now have new and improved payment methods at online casinos. They are mostly digital wallets, and you should learn more about how to use them for your gambling endevours.
Digital Wallets
Digital wallets have been around for a while now. PayPal is certainly the most commonly used one as it is one of the oldest digital wallets. However, the market has expanded, and today we have an array of trusted digital wallets used from all around the world – especially in gambling.
PayPal
Being one of the first digital wallets to appear, PayPal remains one of the top payment methods people use for gambling. Most online operators will list their best PayPal casinos and allow players to make deposits and withdrawals through this platform in the matter of seconds.
Pros:
- Quick and easy transactions
- Added security
- Improved privacy
Cons:
- Not all casinos accept it
- Possible restrictions on rewards and bonuses
- Possibility of fees
Skrill
Skrill is similar to PayPal, and it is globally accepted. This might actually be the biggest competitor to PayPal as it also offers security, easy transactions, and instant withdrawals of money. So, it is no wonder that most players love relying on Skrill for their entertainment at online casinos.
Pros:
- Instant deposits
- Enhanced privacy
- Efficient withdrawals
- Mobile compatibility
Cons:
- Limited availability
- Fees
- Customer service is not the best
Google Pay
Google Pay is fairly new, but users from all around the globe have accepted it and use it daily. The biggest advantage of this payment method is that you can pay for anything by simply leaning your phone next to the payment terminal, or you can use it for online payments that get completed in the matter of seconds. That is why a lot of online casinos started offering Google Pay to their players. The experts from a trusted online casino review platform GambleOntario.ca say that Google Pay is gaining popularity within online casinos field and that the payment in general is being used by millions of users, across 70 countries.
Pros:
- Safer than most digital wallets
- Two-factor authentication
- You can link an unlimited number of cards to the account
Cons:
- Available mostly to Android users
- Only for deposits (not withdrawals)
- Funds you put into a G Pay account become available after 5 days usually
Apple Pay
While Android users have Google Pay, Apple users have their own digital wallet – Apple Pay. Just like any other digital wallet, Apple Pay is easy to use and it offers very quick transactions when it comes to gambling. Also, the platform is secured and safe, so there is no worry about your personal information. Many gamblers have started using Apple Pay for their casino activity, simply because it is available, easy to use and immediately available on their phones.
Pros:
- High security
- Quick transactions
- Widely accepted
Cons:
- Available for Apple users only
- Additional fees
- Processing time might be longer when withdrawing money
- Not accepted by all casinos
Prepaid Cards
Another fairly new payment methods in online casinos is the use of prepaid cards. You can simply get one of those cards, deposit money onto it, and use it for your gambling activities. They are great as you can easily control your funds. The most popular prepaid cards are:
- Paysafecard
- EcoPayz
The biggest advantage of these cards is that they are easy to use. You prepaid for the card and use it online – as simple as that. Plus, you can always control how much you spend at online casinos as you can plan the budget on the card yourself.
The downside is that not all casinos accept prepaid cards. Make sure to check if your choice of casino accepts these so you don’t end up in an uncomfortable situation.
Cryptocurrencies
Last, but certainly not least, you can now use cryptocurrencies at online casinos. What we thought was impossible, today you can use these digital coins for deposits and withdrawals. Most online operators will accept Bitcoin and Ethereum, as those two are the most popular and have become the standard. Some casinos will even accept some of the less popular options.
The biggest advantage of these is that you don’t have to submit any personal information in order to deposit or withdraw the money. So, there is no risk of someone stealing your credit card information which is a huge plus.
The downside – not available at every casino, and they are not as affordable. Most people won’t be able to use this option simply because they don’t own any of the cryptos, which is a huge bummer for many.
We all know how much the online casino industry has evolved. However, the way we pay for things has evolved so much in the past couple of years, so it is not a surprise that casinos have started offer more payment methods to their players. With these options, you can rest assured you will be safe, and most of online operators will have these wallets and cards on their lists. Good Luck!