The Top Payment Methods for Online Casinos
The gambling world has evolved significantly since its earliest days where the most modern-day casinos were associated with iconic destinations like Las Vegas and London. Now, online casinos own significant market share, not only because of the innovative technology that powers these establishments, but because of the ways in which the industry has evolved to include convenient and widely available methods and means of financial exchange. Here, we take a brief look at some of the top payment methods accepted at online casinos.
- Credit and Debit Cards: For many players around the world, paying by card is still the best payment option, simply because of its wide availability. Online casinos accept a number of different credit and debit cards ranging from American Express, Visa, Mastercard and in some cases, Diner’s Club.
- Prepaid Vouchers: Sometimes, to limit the amount they spend per session, players will choose to use prepaid vouchers that are loaded with a certain amount of money beforehand. Payment for each game is then deducted from the amount on the voucher. Prepaid vouchers are one of the top payment methods because many players receive them as gifts that can be redeemed at a specific online casino. One of the best payment providers in this space, is Paysafecard – a voucher system that is accepted by a large number of establishments.
- Cryptocurrency: One of the most recent payment methods accepted at online casinos, are crypto deposits. This method offers a number of advantages, including a significantly enhanced level of security as well as wider accessibility and convenience. Players who wish to use cryptocurrencies for their deposits and withdrawals at an online casino, will simply load their credit to their hardware wallets or e-wallets and use it to pay for games. Some of the most commonly accepted cryptocurrencies include Bitcoin, Ripple, Cryptopay and Tether.
- Pay by Phone: It is also possible to pay for online gambling using a mobile phone. Players do this by simply loading funds to their casino e-wallets or account through their phone bills using an SMS message. This remains one of the top payment methods because of its speed, simplicity and convenience. By using this means of payment, players can avoid entering any confidential or banking information directly into the online casino’s system. The only drawback of using those method is that players can make deposits but not withdrawals.
