Popular Payment Methods Used in iGaming

Online casinos are becoming increasingly popular across the globe, and players of different ages and interests are going crazy about the web-based versions of their favourite games such as poker, slots, roulette, blackjack, and others. As a result, there is a growing need for reliable payment options that players can use to make deposits and withdrawals. Thanks to the latest technological advancements, today’s iGaming operators are able to provide their members with a wide range of payment methods, and here are the most popular ones:

Google Pay

Google Pay is an e-wallet service that was launched by Google as an attempt to merge the existing Google Wallet with the commonly used Android Pay. Like many other products launched by the well-known tech giant, the service has become widely accepted, and there are many online casinos that accept Google Pay as one of the main methods of payment. The app is currently supported by all devices that run on Android 5.0 or any other newer version, and on iOS 12.0 or newer. Therefore, the service is available to a significant number of individuals, and it is now used in more than 70 countries across the globe. Moreover, the service is fairly fast when compared to other options. Namely, the average withdrawal time for online casinos is five days, and with Google Pay, most withdrawals are finalized in the next 24 hours.

Credit and Debit Cards

Debit and credit cards are in high demand when it comes to iGaming transactions, and users from many different countries choose either Visa, MasterCard or American Express as their preferred methods of payment. The cards are super easy to use since all you need to do is enter the 16-digit card number, your name (which is written on the card), and the CVC number. Overall, the process takes a few moments, and the transaction will be finalized promptly. However, if you opt for using your credit card, avoid storing the information on your browser since it may be risky. Also, before you enter the credit card information on any of the operators, make sure you’re dealing with a trustworthy provider that will not misuse the sensitive data.

E-Wallets

E-wallets have been used extensively in the online casino world for a while now, and many players love them for their practicality. Such services are known to work well with both deposits and withdrawals, and using them for payouts is a sure way to receive your money safely and on time. There are many reliable e-wallets you can use, and PayPal has been the most famous one for a long time, with around 350 million users from different parts of the world. Other e-wallets that are commonly used for virtual gambling are Netteller and Skrill.

Prepaid Cards

Prepaid cards are basically temporary e-wallets, and they turned out to be the best option for players who are determined to protect their privacy. So instead of getting any real banking information, the players can buy prepaid cards that function like vouchers and use them to make deposits while keeping their identities anonymous the whole time. Thanks to all of that, prepaid cards are considered one of the safest payment methods for online casino users, since they safeguard the personal data of each individual. Some of the most popular prepaid cards are Paysafecard, AstrPay, and Paykasa.

Mobile Payments

Since more and more individuals use portable devices to access online casinos, there is also an increased demand for mobile payment options. Mobile payments are services that allow users to connect their phone numbers with credit cards or other banking services in order to make safe payments on iGaming platforms. The procedures are safe, and each transaction is verified through a thumbprint or with the help of a security code. The best-known mobile payment services are Megafon, Tele2, Beeline, and Zimpler.

Cryptocurrencies

Cryptocurrencies are gradually entering many different industries, and virtual gambling is definitely one of them. The use of cryptocurrency payments comes with guaranteed security, and that is the primary reason why many online casinos rushed to include this method in their offering. Such payments are also pretty quick, but the withdrawal terms will depend on the specific crypto wallet you’re using, and the terms and conditions of a particular gambling site. Even though Bitcoin is by far the best-known currency out there, there are other options like Litecoin, Ethereum, Monero, and many more.

The quality of your iGaming experience depends largely on the availability of different payment methods that you can use to send money to the platform, and receive it back once you start winning. Before you sign up with an online casino, make sure it supports at least a few of the methods listed above, so you could always have reliable options on hand for all your transactions.