Gone are the days when you could only make deposits and withdrawals at online casinos with your debit card or credit card.
Several innovations in recent years have been game-changers for online casino payments. Here are four:
1. Cryptocurrencies
While cryptocurrencies have been around for a while now, they are increasingly being adopted by internet-based casinos for deposits and withdrawals.
And seeing as they make payments faster, safer, more anonymous, and more convenient, it’s easy to see why cryptocurrencies like Bitcoin, Ethereum and Litecoin are becoming the preferred choice for many online casino players.
Cryptocurrencies use blockchain technology, which is decentralized. That means no government or bank can control it. Instead, all digital currencies are recorded on a blockchain ledger, which enables each transaction to be checked and validated automatically.
In turn, that reduces human error and common risks.
While many of the big online casinos don’t currently accept cryptocurrencies, many are popping up that pride themselves on accepting digital currencies.
And it looks like only a matter of time before cryptocurrency use at online casinos becomes just as normal as making payments via credit or debit card or bank transfer.
2. Mobile Phone Payments
Online casinos are increasingly adding pay-by-mobile options to their available payment options.
One of the key advantages of depositing funds via your phone is that you don’t have to add your card or personal details.
Paying via your phone is a secure and convenient payment method. The cost is simply added to your normal phone bill.
Many online casinos now accept payment top-ups through SMS. The only drawback of this payment method is that you can only make deposits, not withdrawals. But as SMS payments continue to develop, that could change in the future.
Using Boku is one of the most popular mobile payment methods. All you need to do is tap your screen. However, you can only add between £10 to £30 daily by using that payment method.
With such simplicity and convenience, it’s no wonder that more and more online casino players are choosing the mobile phone method of payment, and more and more casinos are allowing payments to be made by mobile.
3. E-Wallets
Out of all the different casino payment methods, the use of e-wallets is perhaps on the rise the most.
That means more and more online casinos are sitting up and taking notice and enabling players to use this payment option.
You don’t have to link your bank account with an online casino when you make deposits and withdrawals with an e-wallet. In turn, that means you can enhance your privacy, security, and convenience.
While you’re sure to be aware of the PayPal e-wallet, there are many other e-wallets that you can choose from to use for your casino payments.
4. Prepaid Vouchers
Like using e-wallets, when you use prepaid vouchers for making payments with online casinos, you don’t have to provide the casino with your bank account details.
Prepaid vouchers aren’t linked to your bank account, so you gain greater security and privacy.
Instead, you simply enter the card number of a valid prepaid voucher to add funds to an online casino account, as long as the casino accepts that form of payment.
Prepaid vouchers are becoming more popular for online casino payments all the time. Some of the most popular prepaid card systems include Paysafecard, Entropay, and Neosurf.
Summing Up
Today, you have more choices for making online casino payments than ever before.
You can use traditional methods like credit cards, debit cards, and bank transfers. But many people are starting to use game-changing innovations like cryptocurrencies, mobile phones, e-wallets, and prepaid vouchers for more convenient, secure, and private transactions.