Tuesday, May 28

Top 5 Payment Providers For Online Gambling Industry

In the online gambling industry, players now have more options than ever before when it comes to payment providers.

While initially, the main and in fact, only method was via a debit card and bank transfer, there have been sophisticated strides forward in technology which has enabled the development of more payment methods.

It has meant that players have more of a choice to suit their preferences depending on whatever is the most convenient at a particular time.

Below, you will find the top five payment providers that you can find at most casino sites and what is involved. You also do not have to necessarily just stick to one, as long as you register the ones that appeal to you.

Paybyphone

One of the newest payment methods that most online casinos have made available to players, this method is somewhat revolutionary. It enables you to be able to quickly and effectively deposit using your mobile device while you are playing, without causing too much interruption to your gameplay. The upshot is that your deposit is billed to your mobile phone bill. There are a couple of technologies that enable this method to work and the most popular one is Boku. When you visit this link you will find out more about how pay by phone bill can work for you and exactly what is involved when you use it while playing a game. This method currently is only available for making deposits.

PayPal

One of the most popular internet payment gateways, this is offered by many online casinos, though it is used in many different industries. The beauty of using PayPal, is that, not only is it easy to understand, but it provides players with an extra layer of transactional protection. This essentially acts as a middleman between the online casino and you to ensure that your funds are transferred efficiently and safely between each entity. When you sign up for PayPal, you just need to make sure you register the debit card of your choice.

Paysafecard

This is popular with security-conscious players because it essentially requires you to buy a card/online voucher for a predetermined amount and then you are given a 16 digit code. When you select this option with an online casino, you will be prompted to enter this code and then your casino account is credited with the amount that you bought the card /voucher for. This method though is only available as a deposit option.

Debit Card

Still popular, it is also the most convenient method for those who have been using this for a long time. The fact is, seasoned players, know exactly how this works and while it can take a few minutes to set up when you register, it becomes quick and convenient to make deposits and withdrawals thereafter.

Bitcoin

A method that is becoming popular in the online gambling industry, especially given the rise of cryptocurrency and an increase in awareness about it, quite a few players appreciate being able to deposit and withdraw to and from their Bitcoin wallet. While Bitcoin is the main cryptocurrency that players use for this, there is definite scope that others will become popular as well.