For a long time, we have known credit and debit cards to be the standard modes of online payment. However, the last several years have seen some significant change in the area. Today, digital wallets are provided as a payment option on nearly every site that accepts payment cards. This includes online casinos, which have actually benefited from the payment method more than most.
This surging popularity of e-wallet and PayPal casinos can be attributed to various factors that we’ll look at, such as increased convenience. But among the tens of digital wallets available today, which ones can you actually use in casinos?
Top 5 Digital Wallets for Online Casinos
Below are five of the best e-wallets that are accepted by most online casinos.
PayPal is the most popular e-wallet with over 392 million active users, and it’s also the most used one when it comes to online casinos. The digital wallet is known for its strong security measures and user-friendly interface, attributes that make it well-trusted and adopted. In online casinos, the biggest advantage of using PayPal is that it is accepted by most casinos. On top of that, payments are instant, and there’s also buyer protection. The latter can be helpful in case of any disputes.
Neteller has been around since 1999, and it has a reputation for being reliable for online transactions, and this includes deposits and withdrawals at online casinos. One of the best things about Neteller is that it supports multiple currencies, and it is also available in 15 languages. This makes it quite convenient for players in lots of countries. Neteller usually has low transaction charges, and payments are instant.
Skrill is another superb option that you can use in online casinos. The e-wallet lets users enjoy a user-friendly interface and straightforward transactions while at the same time providing superb security. Skrill is widely accepted by online casinos, and it is available in 120 countries.
ecoPayz is another highly-rated option that you can use to deposit and withdraw from online casinos. The e-wallet started way back in 2000, and its name highlights its desire to provide an environment-friendly payment solution. The payment method supports 45 currencies and operates in 170 countries, which makes it ideal for gamers around the world. It has a strict emphasis on security, and you’ll also enjoy a VIP loyalty program.
Much Better focuses on simplicity, security, and accessibility, and it provides a seamless payment experience. The digital wallet has a mobile-centric approach which makes it quite suitable for today’s mobile-oriented gambling world. Transactions are quick, and security is emphasized by a proprietary authentication technology known as “dynamic CVV.”
Why Use Digital Wallet Payments for Online Casinos?
Digital wallets and online casinos are a perfect match for several reasons.
First, e-wallets allow users to circumvent the restrictions imposed by traditional banks, especially when it comes to casinos. These payments are easily flagged as suspicious, but e-wallet and PayPal casinos help avoid such issues.
Speedy Deposits and Withdrawals
If you use a bank, deposits and withdrawals can take up to 24 hours or even 3 days. Digital wallets add the convenience of instant transactions as they are not bound by the restrictions of banks. As such, you can make the transactions whenever you need to, not in advance.
Lower Transaction fees
If you check the deposit and withdrawal fees for various casino payment methods, you’ll find that e-wallet and crypto payments attract a lower fee. They also have lower conversion rates than banks.
Additional Privacy & Security
Most people would prefer if their gambling record didn’t appear on their bank statement. E-wallets make this possible, giving you privacy and peace of mind. The wallets also use robust security protocols to protect user funds and information, and you also won’t need to give out your bank account or credit card details to a casino.
All these make e-wallets the go-to option for online casinos, so you can go ahead and choose one that suits your specific requirements.