When you visit an online casino, you’ll find that there are many different options for payments. Each of these varies slightly and has their own pros and cons. Join us as we take a look at these…
These are the basic ways to pay, which have been around for decades now. You input your card details directly on the site and then they take the payment from your account, simple! However, in terms of security this isn’t always the best method for you to use. There’s no middle man protecting your details and they can be seen by the merchant directly.
While these were once fine and dandy, most users now want a bit more in the way of security. This can mean that we turn to other payments to add that extra layer of encryption. Credit cards can be used to add fraud protection to the account, as users can charge back fraudulent payments.
This eWallet service is one of the most popular in the world, with millions of transactions powered by it each and every day. The user shares their details with the service, and they make the payment to the merchant in turn. PayPal casino sites are becoming ever more popular, specially in the UK.
This payment method isn’t perfect though, as your account can still be vulnerable to attack. However, if you lose money because a person has gained access to your account there is fraud protection in place. This gives users a guarantee that the platform will protect their details or reimburse them should they be compromised.
PayPal is usually one of the fastest ways to get paid out on a casino site. This is because you don’t have to wait around for the transaction to be approved by banks, which generally takes about 5 working days.
Pay by Phone Bill
This payment method is one of the most convenient, as you can do it directly from your mobile. The payment that you wish to make is just added to your regular phone bill, which you then pay to your carrier as usual. It’s a simple enough system and you can only authorise payments directly from the handset, so there’s a bit of extra security there too.
This system does have some flaws, for example you can’t withdraw using it. This can be a pain for users, as they must add another payment method to withdraw. There are also daily and transaction limits, which are quite low. Some users find this to be helpful though, especially if they’re trying to cut down on what they spend online.
This can be a bit of an issue if your phone is lost or stolen, but you can place a screen lock on it to keep your details under wraps. This is a good idea for any device that you use to pay or play online.
There are many different payment methods out there, but these are the top dogs when it comes to casino sites.