The Most Popular Payment Methods In Online

Popular Payment Methods In Online

Online casinos are a source of entertainment and they can also be seen as a way to make extra cool cash. Ever since their introduction to the world, online casinos have managed to surpass their land-based counterpart in terms of popularity. 

One of the reasons for the rise in popularity is the extensive digital marketing that was carried out over the years, the variety of games, and the multiple forms of payment that are accepted at all online casinos. There are different types of payment methods that can be found at an online casino and they always vary depending on your region or country. In this article, we will be listing out the most popular payment method accepted at online casinos.

Cryptocurrencies

Cryptocurrency is one of the most popular and attractive currencies across the world right now. It is a digital or virtual currency based on blockchain technology. With it being protected by cryptography, it is quite hard for it to get hacked or counterfeited. This is what makes a popular payment method in not just online casinos but also any other platforms. 

For regions where online gambling is restricted, cryptocurrencies can be used by the players to bypass those rules. The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Monero. A good reason cryptocurrencies are accepted at online casinos is that it is fast and secure for depositing and withdrawing.

E-Wallets

E-wallets, which are also known as digital payments, have become a popular method of payment for players. There are several companies in the digital payment industry and it is should be quite easy to pick one. E-wallets can be considered as online sites or applications that allow a user to store cash in a digital account for easy transactions. Digital payments are safe and secure, and it is one of the best ways to deal with bank and exchange rates. Some of these digital payments offer bonuses to their loyal customers. The most popular e-wallets are PayPal, Skrill, Neteller and PaySafeCard.

In Canada, Interac is the most popular digital payment being used in casinos which you can visit on the internet. Having been founded back in 1984, the payment service company has managed to stay at the top in Canada as almost 60% of the country’s population uses the service. And just like every other digital payment accepted across the world, it is also fast, safe and secure, otherwise, it won’t be at the top.

Credit & Debit Cards

Credit and debit cards remain one of the most popular forms of payment across the world, so it is no surprise that they can be found on this list. Credit and debit cards have similar looks as they both possess the 16-digit card number, expiration date, and EMV chips. While these two cards can be used for online transactions, there is a difference between them: Debit cards use the money from the owner’s saving account in the bank, while credit cards uses borrowed money with a credit limit.

Even before digital payments and cryptocurrencies became popular, credit and debit cards are frequent payment methods being used by gamblers at online casinos. It is also fast and secure for depositing and withdrawing. Visa and MasterCard are the most popular cards accepted across the world.

Conclusion

There are many factors to watch out for when it comes to picking the right payment method for your online casino journey, this includes the cost of transactions, security, speed, customer support and the availability of depositing and withdrawing.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.