Online iGaming Payments, What Are the Most Popular Ways?

Gambling is a risky game. Exciting, enchanting, but rather uncertain. However, “walking on a wire” is a part of the attractiveness of this widely popular activity. So, if you are already, consciously accepting to engage to the risk of losing your money on the game, why bang your head and lose your nerves on other things linked to gambling? Specifically, are you keen on wasting your time on unfavorable and slow payment transactions?

Thankfully, these modern times we are living in, give us a lot of options in almost every single segment of our lives, online banking methods included. At the point when online gambling business started to be a huge thing among people, payment providers and banks started their race – who will offer better options for the high-rising number of players around the world? Which service will be faster, more secure, with smaller fees and processing times?

The Gamblers’ Choice

If you see yourself as an experienced slot seeker, or card and table games enthusiast, you already know how significant payment options are. Choosing the right one, the most convenient and safe way to deposit and withdraw your money can be a tricky business. Over the years, many tried to catch the attention of the players by offering low fee rates, fast transactions, and encryption good enough to protect your financial information. In the following lines, we introduce you to the most popular and successful payment systems, perfectly optimized for all transactions inside online casinos.

• PayPal

For years now, this online payment system offers one of the simplest, yet most secure ways to move your money around. Opening an account is a simple endeavor while depositing and withdrawing is as quick as possible. When it comes to charging fees, though, PayPal wants its piece of the cake, so be sure to check what the rates are.

• Neteller, Skrill, Payoneer

These modern-generation e-wallets allow you to transfer your funds fast, simple, and most importantly safe. All three options have similar terms and conditions; opening an account is simple and fast, doesn’t require any special documents, but from the other side of the coin, moving money from one place to another using any of the three e-wallets may incur fees. The great thing about this system is that you can transfer funds from an isolated island in the Caribbean to a South African entertaining establishments in a blink of an eye.

• Bitcoin

The fastest and most private way of banking is becoming option number one for many players around the world. Officially, this anonymous payment network was firstly used in the USA, but after a while, it reached the hearts of gamblers around the whole globe. It’s considered to be the most convenient and simplest way to send and receive money, without any fees and documents, and it’s becoming one of the most appreciated payment methods in South Africa. However, the final regulations for using cryptocurrencies are expected to be publicly presented by the end of 2022.

• Bank Transfer and Prepaid Cards

Yes, Bitcoin is stealing our hearts, but it still didn’t beat good, old bank transfer payment methods. Seems that people just feel more comfortable using cards; a familiar and proven method. The “old-fashioned” option, however, comes with a price. Bank transfers are quite slow, taking around 3-5 days to complete, which is substantially slower than using crypto which needs not more than a couple of minutes. Moreover, direct bank transfers come with a fee, and fulfilling the online payment information page can be risky.