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Top Payment Methods for Online Casinos

Amelia Young by Amelia Young
June 21, 2022
in Highlights, Payments
0

FintechZoom > World > Highlights > Top Payment Methods for Online Casinos

Aside from offering popular casino games like slots, free craps, or Scrabble, most casinos cover a plethora of payment methods to attract potential clients and retain the existing ones. 

Some nations, such as Norway, have rules that make playing at casinos illegal, but you can still enjoy the thrill of the game by following https://www.norskespilleautomater.com/innskudd-uttak-casino/much-better.

Figuring out safe payment options is one of the biggest hurdles gamers must overcome, in order to enjoy the game without risking their funds. 

Here are four online casino payment options that are 100% secure and accessible on most online casino platforms:

Debit and credit cards

Credit and debit cards are visually similar, with the same 16-digit card number, EMV chip, and expiration date. Both cards can be used to make online purchases, with one key distinction: debit cards use money from the owner’s savings account, which is deposited in a bank, whereas credit cards use borrowed money with a credit limit.

Because they are directly linked to bank accounts, these cards are the most dependable way to pay online. It is also the most preferred payment method because casino payouts can be deposited directly into players’ bank accounts.

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Here are 2 of the most common and reliable debit/credit cards:

  • Visa is the most universally recognized card for online purchases and is accepted in more than 200 countries globally.
  • MasterCard is the world’s second-largest credit card company, accounting for 31.3% of the global market share.

E-wallets

E-wallets are websites and apps that allow users to save funds in a digital account for faster online purchases. This payment option is convenient, especially for international transactions, because it enables the users to avoid banks and conversion rates. 

Here are two of the most reliable e-wallets:

  • PayPal is a prominent online payment solution featuring direct bank connectivity, with 377 million customers worldwide. 
  • Skrill is a simple international money transfer service that offers 24-hour customer support. It also has minimal deposit and withdrawal fees.

E-Checks

Convert the conventional paper check into an electronic version. The e-check operates in just the same manner as traditional paper checks. However, in this instance, it is a simple and convenient virtual payment in which you must approve and verify the online transaction.

Several online casinos accept e-checks as payment since they employ automated clearing houses to transmit transactions rather than card networks, leading to lower processing costs. 

Since there are no charges for accepting e-checks, fees can be as low as 10 cents per transaction. Using an e-check to make a casino deposit is the safest method, as there is no need to provide any card information.

Prepaid Cards 

Prepaid cards are pre-loaded with money that you can use. Players use these cards for anonymity and security.

Assume you’re anxious about connecting your payment cards to play casino games. In such cases, prepaid cards are the ideal alternative because you don’t have to disclose your personal details. Moreover, you can also gift prepaid cards to your family and friends. 
Cryptocurrency is another emerging method of secure payment on online casino platforms.

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Amelia Young

Amelia Young

She established her career with The New York Times and shifted to The Wall Street Journal in 2017.

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