The online gambling world has greatly transformed from when payments were solely made with fiat currencies in brick-and-mortar establishments. The advent of online casinos introduced a series of payment methods. It’s easy to assume that all of them are digital. However, why did this change happen? Digital payment methods were born out of the need to make payments faster and seamless. Truly, this and more are some of the functions they keep performing. Additionally, such transaction options continue to evolve even to this day.
Online casino payment methods offer various options that fit players’ needs, preferences, and budgets. Many of them are perfect for deposits and withdrawals, making them happen before the twinkle of an eye. These days, reputable platforms like Icecasino provide numerous variants that you can use depending on your situation. The best part, these transactions are safe and smooth as long as you follow the necessary instructions.
We’ll take you on a transformative journey from inconvenient bank transfers to the instant payment methods people use nowadays. So, enjoy the ride!
Before E-Wallets
Before the emergence of e-wallets, online gamblers used bank transfers. However, the transaction process was quite slow, and people needed something faster and more straightforward. They needed to access their funds in seconds and minutes, not waiting hours or days before their transactions could be processed.
As a result of this demand, the credit and debit card method was introduced. Indeed, these cards made depositing funds easier without delay and provided great security. However, withdrawals were another story. They took much longer, and many gambling platforms still make players wait a couple of banking days before their transactions can be successfully processed. While the adoption of cards became a noticeable improvement compared to the conventional transfers, they still didn’t offer the immediate processing time many players desired.
Then came the “pay by phone bill” option. This was another unique idea that popped with the popularity of mobile devices. It offered players a unique prospect of depositing funds into their casino account. So, rather than input your bank or card details, it became possible to link your mobile phone account to your selected casino. Afterward, casino transactions were added to phone bills. As a result, once players got their mobile bill for the month, it entailed their usual phone bill as well as the casino deposits. These days, more sophisticated services are available owing to Google and Apple Pay.
Then Came E-Wallets
It’s easy to guess that people were still in need of faster, more secure, and more convenient online casino transactions. That’s why e-wallets came into play. As you know, they are modern and legitimate payment methods created to eliminate stress or delay in casino transactions. Some of the popular types that you can find in the cashier sections of many online casinos include:
Skrill;
Neteller;
Revolut;
PayPal;
Zelle;
Wise;
Venmo;
WeChat, etc.
These digital payment options have eliminated many online casino transactional concerns and possess numerous advantages. The main of them are enhanced security, swift transactions, less/no transactional fees, and straightforwardness. Another amazing fact about them is that they are capable of processing deposit and withdrawal requests 24/7. Unlike bank transfers, which require waiting a couple of banking days before your withdrawal request can be processed, e-wallets get it done in a couple of hours max.
Also referred to as pseudo-e-wallets due to their ability to process swift transactions, mainly deposits, vouchers are another go-to option. These are quite popular, and some common ones you have definitely seen at online casinos include Neosurf and Paysafecard. The availability of all of these options keeps the online gambling groove on and makes it more interesting than ever before.
Now, Cryptocurrency
Think of the payment options provided by the casino you like. Bank transfers, credit and debit cards, e-wallets, and vouchers, right? All of them have significantly evolved since their inception. For instance, bank transfers have become considerably faster than they once were. While it isn’t as swift as e-wallets, it still appeals to many. However, a new player has been launched to join the already generous options.
Cryptocurrency is a new trend that has got many seasoned and new players excited to give online gambling a trial. While it is unacceptable in some countries, many others are beginning to see its appeal and lifting restricting bans. The reason for its embrace majorly lies in the fact that it offers operators and players a safe, secure, and fast way to tackle online transactions.
In addition, players get to enjoy anonymity. This is something that bank transfers or card payments do not offer. While it is not being embraced by many countries, all signs point to the fact that it will soon become a widely accepted payment choice.
Enjoy Safe and Free Transactions!
Looking back, we can say that online payment methods have been revolutionized. Little by little, changes have been made to create the seamless and safe options we enjoy today. The need to improve and provide efficient and instant transactions opens the door to numerous innovative options. So, when next you want to select an online casino, ensure that it offers a variety of options with many of the modern additions available.
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