The Variety Of Online Payments Accepted By The Online Casinos

April 24, 2018 Posted in News, Payments by No Comments

Online Casinos

Everyone enjoys online casinos. This is possible through a wide variety of payment options. The speed of the actual transaction is dependent on the type of payment chosen. The deposit and withdrawal features of online casinos are detailed below.

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Credit and Debit Cards

Credit and debit cards are an extremely popular choice. Credit cards account for 48 percent of all payments made with a mobile device while debit cards account for 56 percent. The most common options are MasterCard, Visa and Maestro. American Express is not commonly used in online casinos because it is an American card and the United States has placed a ban on online gambling.


Pre-Paid Cards and Vouchers

Prepaid cards, vouchers and coupons include Ukash and the Paysafe Card. Their popularity is increasing due to the excellent security features. They can additionally be used for direct payment from a credit or debit card. The leader is the Paysafe card. Nearly every online casino currently accepts this card. The name guarantees the transactions will be fast, the fees minimal and the security extremely high. The Paysafe card has become the preferred payment throughout the United Kingdom.

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E-Wallets

E-Wallets are becoming more and more popular. The expectations are this will become the leader for all online payments. The popularity in regards to online casinos is due to fast transactions and the ease of use. An online casino can process this transaction quickly and the funds are usually available for the player within 24 hours.

PayPal

PayPal has nearly 200 active e-wallet accounts and is very popular in Europe. It is important to note not all online casinos accept PayPal. PayPal has very stringent policies regarding online gambling payments.


Neteller

Neteller is one of the most common e-wallets used for online gambling. It was originally created as a way to make payments to online casinos. Neteller is used by more than 180 nations. Almost eighty percent of all payments to online casinos in 2005 were made through Neteller. As newer payment methods become available this number has decreased.

Skrill

Skrill was originally called Moneybookers. This is a fairly new e-wallet yet already being accepted in more than 200 countries. This e-wallet has a high level of security. Skrill is accepted by the majority of online casinos. There is a small service charge for e-wallet transactions. This is generally more than compensated for with the loyalty programs offered.

Bank Wire Transfers

There are several types of bank wire transfers accepted by most online casinos. This is their preferred payment method. This is because this type of transaction uses extremely tight security. This minimizes any risk for both the casinos and the players. The majority of this security is due to an identity check. This means a bank wire transfer can take as long as seven days to clear. This payment is efficient but there may be fees from the bank.


Instant Bank Transfers

This type of bank transfer is fast. Trustly is the one most commonly used at the online casinos. The way Trustly is set up means the customer does not have to contact their bank directly. Instead the information and banking credentials are provided to Trustly by the customer. The transaction is then completed for the customer on the platform. This method is nearly exclusive for deposits only. The main advantage is the funds are available at the online casino instantly.

iDeal

This is a transactions provider with a great deal of popularity in the Scandinavian region. The transaction terms are flexible and there are no transfer fees. This is the Netherland's most common type of online payment. The financial transactions of over 55 percent of the population use iDeal.

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