Digital payment methods are becoming more common – how will this affect the casino industry?


Digital payment methods are becoming more common - how will this affect the casino industry?
Digital payment methods are becoming more common - how will this affect the casino industry?
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The most important digital payment methods

Not in every online casino you will find all digital payment methods. However, some are more common than others or are particularly popular. 

Direct bank transfer

Direct bank transfers are one of the digital payment methods of everyday use. One advantage of direct transfers is that there is no intermediary payment service provider with whom a user account must be created.

Direct transfers via Giropay or Sofort can also be used in many online casinos.

Trustly for casinos without registration

The payment provider Trustly is a Swedish company that has been audited by the German TUV. Trustly is popular with casino players because funds are credited to the bank account within a few minutes thanks to automated processes. And the so-called Pay N Play technology means that players do not have to register directly at the casino and can use casinos without registering. You can get more information here.

Based on the security and fast money transfer in both directions alone, Trustly is expected to be one of the most promising digital payment providers in the online casino sector. 

PayPal is one of the much-used digital payment methods. When registering, an email address and a bank account are required. For transactions, only the e-mail address and a password are required. This payment system is one of the most used worldwide due to its ease of use, speed and the security it provides. For this reason it is not surprising that most online casinos have added it to their list of accepted payment methods.

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PayPal belongs to the so-called e-wallets. Other e-wallets are Skrill and Neteller. 

List of the best PayPal online casinos

ONLINE CASINOWELCOME BONUSADVANTAGES
1.Free Spin250% up to €/$ 2500 + 20 FSLarge Game LibraryModern DesignFast and Safe Withdrawals
2.Eclipse Casino250% + 20 FSDesign inspired by Space OdysseyGreat Live Chat teamSafe & Easy Banking
3.20 bet100% up to €/$ 120 + 120 FSBrand New Casino and SportsbookGenerous VIP ProgramEasy Sign-Up Process
4.Red Star Casino€/$ 2500 + 500 FSNew Tournaments Every DayAward-Winning WGS Software24 Hour Cashouts
5.Casino Las Vegas€/$ 500 + 50 FSDiverse amount of gamesHuge welcome bonus24/7 Customer Support

Prepaid cards like PaySafeCard

Internet casinos like to use prepaid cards such as PaySafeCard. These can be purchased in retail stores and are extremely popular, not least because of the anonymity they offer.

How to use digital payment methods in online casinos

Many online casinos offer their customers different payment methods. Those who want to play for real money first deposit money into their casino account. The “classic” payment methods such as a bank transfer and credit card payment can also be used. However, the focus in online casinos PayPal is clearly on digital payment methods. 

Last but not least, the greatest possible security plays an important role in the payment. Players are therefore well advised to pay attention to whether payment methods are certified and offer good data protection. 

By the way: Currently, casinos that accept cryptocurrencies are becoming increasingly popular.

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Another important point for users of digital payment methods in online casinos is the speed of money transfer.

E-wallets and providers like Trustly are particularly fast in the payout. With the latter, only a few minutes pass from the request for the payout to the posting to one’s bank account. 

In addition, when choosing a suitable payment provider, the fees for the withdrawal of funds play a role. The fees consist of either a lump sum or a percentage of the payout amount. Here it can be worthwhile to compare.

How does an online casino get my money into my player account?

If you want to wager money at an online casino, there are numerous payment methods, including credit cards such as VISA.

What is a deposit in PayPal online casinos?

Feel like winning money from home or on the go? Grab your cell phone and choose the PayPal online casino of your choice and start playing. First of all, if it’s your first time, you’ll see a lot of great casino promotions that you should take advantage of so that the gaming can start off really great. How about a lot of no deposit casino with PayPal free spins or another attractive no deposit bonus? In an online casino you can find online games like the so popular slot machines, table games like roulette, baccarat, blackjack or poker and also other cool games like bingo, craps or online lotto. Not to mention the sports betting offer!

When you claim a bonus, you don’t need to do anything more than log in to the casino and enter your personal information. Sometimes you may need to verify your cell phone number and you will have your bonus money in your account and often a lot of free spins as well. You can play the free spins on the slots and that is just fun. But it can happen that you are suddenly a huge lucky guy and hit a jackpot. Just imagine that.

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At the latest then you will look at the bonus conditions of the online casino with PayPal payment method and notice that the bonus is subject to a certain turnover condition. This is also called play-through condition. Now you realize that you have to play through the bonus amount and the resulting winnings x times before you can demand a payout of the money won. This is still possible, but now it says that the “minimum deposit is €10, – high, if you want to request a payout. So now this means that you have to somehow get money into your player PayPal account so that you can withdraw your winnings.

How can I fund my player account?

Every reputable online casino offers numerous payment methods. These are on the one hand the deposit methods and then also the withdrawal methods. On the casino’s website you will see the logos of the payment methods and you can choose one that suits you. There are bank transfers, eWallets like PayPal, Skrill or Neteller, and the good old credit cards, like VISA and Mastercard. These are the most popular payment methods in casinos.

So you go to the bank or the deposit area in the casino and click on the option that suits you. If you want to pay with VISA, you can actually do that in pretty much all casinos in the world. You enter your card number, the expiration date of the card and the security code that is on the back of the card and then you can make your deposit in seconds.

If you would like to use your VISA card, but don’t feel comfortable entering your number at the online casino, you can also use another service, such as PayPal, and connect your VISA card to your PayPal account and pay with VISA in a roundabout way.

Conclusion

Payment providers with a future should ideally function securely, quickly and free of charge for use in online casinos. Conversely, casinos with a future are those that offer their users a wide selection of good payment methods and respond to the increasing needs and expectations in terms of modern payment methods. After all, this is the only way to ensure comprehensive service.


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