Online casinos are quickly becoming the new internet sensation. What started a few years ago as an experiment to see how players will react has now turned into a multi-billion business. In fact, it’s estimated by 2020 that this industry will the highest valued surpassing other markets such as the technology industry, which is a funny twist of events has been one of the key factors towards the rise of the online casino industry.
However, the main reason why you and I can play and access the online casino services is that of the different online casino deposit methods which enable us to deposit and withdraw funds from our accounts. As a result, we’ve taken the time to review some of the most popular methods that you will come across different platforms online.
These are the regular credit cards that are readily available to any player who has a bank account. The most common credit cards in the market include MasterCard and VISA Card.
You can easily make your deposits using MasterCard at any website that supports this method of payment. This is one of the most common methods, and your local banks surely issue the cards.
Visa Cards are more or less the same as the MasterCard, and they are one of the most popular banking methods since they are widely available in almost all countries.
**Take note however that there are instances where you’ll be required to confirm with the bank whether there are any restrictions imposed on the card, such as the using it to make payments at casinos. Also, you’ll be required to provide a PIN and password as well as a security code just as a way of exerting extra protection on your cards.
Debit Cards are hassle-free payment methods that enable players to make payments online, just like the credit cards. The popular cards include the following:
This is a popular credit card issued by MasterCard. It’s approximated that there are over 500 million users who have this card with them and use it to make payments at online casinos.
Formerly known as EcoCard, ecoPayz is owned by PSI-PAY Ltd, a British company that has a long history of offering secure payment methods. ecoPayz also offers eWallet services through ecoAccount, which you can also use as one of the online casino deposit methods.
They are also one of the most preferred online casino deposit methods mainly due to their practicability and convenience. This section has the largest number of payment methods, and as such, we’ll only state them without going into details:
The word eWallet is an acronym for Electronic Wallet, and just as the name suggests, it’s a payment method that allows all the transactions to be processed electronically or online. As such, some players might argue that it’s unsafe to use it as it’s prone to hacking, but surprisingly enough, it’s the most secure and fastest mode of making payment at any site. Popular eWallets include the following.
Formerly known as Moneybookers, Skrill is perhaps one of the companies that have made a name for itself in this industry. It’s known for its fast and secure payments, as well as the flexibility of allowing deposits as low as €10. Players in Europe widely use it.
This is the main competitor for Skrill online though it’s not as popular as the method mentioned above. Why? Most people don’t like it as they might argue that it has high limits and fees on all the payments its processes.
PayPal is a familiar name across the globe as it is the method that people use to make payments for most of the consumer goods online. While it’s managed to flourish in this sector, it’s yet to take full force in the industry and only opt to work with a few PayPal Casinos. However, once it becomes a common name in the industry, players are bound to benefit from its friendly charges and player protection policy!