Contemporary consumers increasingly turn to online services while making purchases. It is a convenient, fast, and practical option as you can conduct financial transactions without leaving the comfort of your home and receive high-quality service. The same applies to online games – virtual establishments offer a variety of payment methods, providing the gambler with a wide range of real money slot machines.
Every year the list of available payment operators expands. It is not only about online banking anymore. There are also such options as electronic wallets, virtual accounts, and digital money as cryptocurrencies. Each option has its own features, advantages, and disadvantages, and the list of available payment methods varies depending on the casino platform. What payment systems are the most convenient today to top up the balance in virtual establishments? Let us try to figure it out.
What payment system is about
Any payment system is a set of procedures aimed at ensuring the transfer from one account to another. In simple words, it is an intermediary between the buyer and the seller that enables them to transfer and withdraw funds.
These systems came into use back in 1985. By 2021, almost all financial institutions that deal with accepting and transferring payments provide such services. It is not surprising that the online casino has integrated as many operators as possible on their platforms to provide their customers from different countries with a choice. At the same time, there are a number of restrictions that apply in a particular region. They depend on the specifics of the legislation and geographic location.
Advantages of using online payment systems:
- Efficiency – online payment, unlike postal transfers, is processed and carried out from a few minutes to a couple of days, depending on the specific service.
- Accessibility – anyone can open a wallet to make financial transactions.
- Security – of course, no operator can guarantee complete security, however, modern technologies enable them to introduce new security measures by encrypting data, which ensures the safety of confidential information.
The most convenient methods to make payments in an online casino
There are international and domestic structures that process payments. They include banking institutions, electronic accounts, and cryptocurrency wallets. Let us look at the most common and popular ones that are offered in most online casinos, and have a reputation of reliable and proven systems.
VISA and MasterCard
Bank cards of these operators are considered to be the most reliable and time-tested. Both companies have been on the market for over 40 years and have proven their worth. Clients are given the opportunity to issue debit and credit cards, which can be used both physically and online.
There are several other bank card options available for US residents, such as Diners Club and American Express, but it is VISA and MasterCard that often win the competition. Most of the virtual platforms support this payment method.
To protect yourself from fraudulent actions when using bank cards in the online space, the main thing is to make sure that the card data (number and CVV code) do not fall into the wrong hands.
One of the fastest systems, much faster than bank transfers. After making a payment, it is carried out within a few minutes. In addition, Neteller has a number of other undeniable advantages:
- security – the connection to the online casino is established through an encrypted channel;
- minimum commission – may be charged by the casino;
- comfortable exchange conditions – transfer in any currency with a commission of 3.99%;
- international operation from any country.
Registration of an account and its use is free for all customers, and a service fee may be charged only after 14 months of inactivity – the system warns customers about it in advance.
This operator stands out from many others by the fact that it is not even necessary to register an account to transfer funds. It is enough to link a bank card to the system, from where funds will be withdrawn to replenish an account in an online casino. This is the fastest and safest payment method. In order to use it, you should make sure that the establishment’s website provides such an opportunity.
Gamblers can use their PayPal accounts free of charge. A reasonable commission is charged for transactions performed by the system’s competitors. The minimum transfer amount is $1. It is processed within 24 hours if a bank card is involved. If there are funds on the account in the system, money is received faster.
This international operator is featured in the lists of available systems of most online casinos; some portals even offer lucrative bonuses to those who fund their account with Skrill. These details should be clarified directly in the virtual establishments. The payment is carried out almost instantly, which is convenient in the case when you want to play now, and not wait several days while the request is being processed.
Clients are provided with two payment methods:
- from an account that can be created absolutely free of charge and in a matter of few minutes;
- from a prepaid card available in most countries of the world.
The system has gained its popularity largely due to low commissions, as well as free registration and use of an account. As to transfers and currency exchange, a certain amount can be charged – this is 3.99%, but not more than 20 euros.
Gamblers from different countries choose the most convenient payment method. The task of an online casino is to provide as many options as possible in order to attract a larger number of users to their platform. An extensive list of reputable payment systems is the first sign of a reliable casino – experienced high rollers and newbies know about it well. Companies operating in an international format for many years check the legality, license, and solvency of a particular casino before agreeing to cooperate with it.