Online casinos use different payment methods to allow players to withdraw their winning. As a new player, you should look out for this factor before signing up on a casino because there is nothing as frustrating as winning money and being unable to cash out on the money won. For more information check https://www.loustalounet.com/
Groups of Online Casino Payment Method.
The online casino payment methods can be categorized into four different groups which would be highlighted and explained later in this write-up. To know which payment method an online casino uses, go to its website and try to place a bet. It will pop-up the different options you can use if you want to proceed.
The efficiency of the payment method used by the online casino is key to the number of casino players the casino's website houses. This is because players want to enjoy the game first and also want to be able to put in money as well as withdraw their earnings. Top online casino gives priority to this.
- Cryptocurrencies like Bitcoin, Litecoin, Etheruim and Dodge coin.
- E-wallets like Skrill, Paypal, Neteller and Ecopayz
- Mobile Payment such as Payforit, BOKU and Zimpler
- Credit/Debit Cards like MasterCard, American Express, Visa and Maestro.
Top online casinos put into consideration the fact that not all countries use all these payments methods. They now make different options available to players in different parts of the world so that when one fails the other will work. This strategy is just to reach more online users and to get more player-pull on the website.
Payment Method - Cryptocurrency
Cryptocurrency is one of the payment methods which is fast, safe and secured. One noteworthy advantage of using it is that it offers anonymity to players. However, the cryptocurrency downside is that its value can change at any time. They are also very volatile and you might want to use it when its value favours you.
Payment method - E-Wallet.
The safest payment method from popular opinions is E-wallet. This is because they are not linked to the player's personal bank account. Besides this, most casinos prioritize processing payment made with E-wallet than other payment methods. However, there are charges you're required to pay while using E-wallet. Different E-wallets accepted in casinos are Skrill, Neteller, Paypal and Ecopay.
Payment Method -Credit/Debit Cards.
The widely accepted method of payment by different casinos all over the world is Credit/Debit Cards. The advantage of using this payment option is that it is secured and easy to use. Most Debit/Credit has embedded improved security to them by using One Time Password (OTP). Online Casinos do not charge people using this payment option.
- American Express
Payment Method - Mobile Payments.
This method of payment has not yet been used in different parts of the world so it is not the most preferred among the list. Mobile payment method allows you to deposit money into your casino account using your phone bill. One downside to using this is that it can only be used for deposit and not withdrawal.
The Best Payment option to choose as a Newbie
Conclusively, If you're new to the igaming world, you need to first understand how the game works before thinking of wagering real money. Once you've understood this, You'll now go on to the website of the casino you want to join and check if the payment options listed by your prospective online casino is available in your location.