Today people across the world use a wide variety of payment methods. With online casinos, this would be no different! Local and international payment methods are providing players with practicality and security in their bets.
One of the requirements for the licensing of online casinos in many European countries is the use of 128-bit SSL digital encryption technologies, which protect data in online communication and when browsing Internet pages, thus preserving the personal data of its members.
Popular payment methods in online casinos
Among the most common forms of payment at online casinos globally, we find Visa and MasterCard credit and debit cards; in electronic wallets, we highlight Skrill and Neteller, but there are also other options, such as PayPal, Click2pay and EntroPay. Our team has compiled below the payment methods accepted by online casinos like 888 casino.
Credit and Debit Cards
Using credit or debit cards is the most common way to carry out transactions worldwide, in addition to being highly reliable. According to the 2015 financial literacy survey, around 35% of the European population has credit cards, which is steadily increasing. The cards’ facilities, convenience, and speed with which the transactions occur to make it the most used mode by casino bettors.
The Visa and Visa Electron flags, and Mastercard and Maestro are the ones that stand out the most in Europe and around the world. In the European market, all casinos accept credit cards as a form of payment and deposit.
Bitcoin is an encrypted digital currency established in 2008 and is to become popular enough within the virtual world. Placing bets with Bitcoin has its advantages, starting with security, which, like electronic wallets (e-Wallets), does not share personal data.
Placing bets using Bitcoins becomes very attractive when we think about the rates as well. Bitcoin is a free currency, without fees, which allows online gambling sites to earn more profits. Because of that, they have more space to be more generous with the players, making everyone win with it!
Some real money casino games are available on the Bitcoin website, such as video poker, roulette, blackjack, and keno. Large casinos worldwide already allow their members to use Bitcoin as a form of payment, receipt and currency of exchange. However, in European lands, Bitcoin has not yet become popular, and no casino offers this method.
Electronic Wallets (e-Wallet) and Prepaid Cards
Electronic wallets, popularly known as e-Wallets, were created with the concept of a traditional wallet; that we use to save money; however, in the virtual world. The main idea around e-Wallets is that people no longer need to leave the house with cash or even credit cards to make their purchases, but use electronic devices.
To use an electronic wallet, the user needs to register their cards to apply the chosen brand (which we will see below) or insert “credits”, such as a prepaid card. You only need your mobile phone to authorize payment, which is quick and easy! There are also gadgets like watches or bracelets that can store data from an e-Wallet as well.
Among the most popular e-Wallets to be used as a payment method in online casinos are:
Created in 1998, PayPal e-Wallet gained high visibility for being widely used on the eBay shopping platform. The user creates an account on the PayPal website and can make payments through his mobile application or even a website.
The PayPal method is well regarded among casino players worldwide. It allows you to make payments over the internet with great speed and security. You can transfer money from your PayPal account to any other account as well, and the most attractive one: no additional fees!
This e-Wallet was created in 2001 under the name Moneybookers and is available in over 200 countries, with over 40 different currencies being offered to customers! The good news is that in Europe, almost all casinos offer the Skrill method to their players!
This method works like a prepaid credit card, where it allows your traditional credit card payments to be associated as well. To use Skrill, the player needs to create an account, which can be done through the company’s website, and quickly, he will be able to use his services. The requirement for this is just that you are over 18 years old.
The Skrill does not disclose your bank details, ensuring the security of your transactions. It is a popular form of payment in casinos with secure payments.
Created in 1999 and available in 15 different languages, Neteller is used by millions of people in several countries to make and receive payments on thousands of websites as an electronic money transfer service.
It has established itself as a safe alternative to traditional payment methods. Like PayPal and Skrill, this is one of the most used deposit methods in online casinos around the world!
In Europe, online casinos like Estoril Sol, Nossa Aposta.pt, PokerStars and others, make this payment method available to players.
The Paysafecard is a method of prepayment created in Austria in 2000. It is quite a different payment method from the others, and in casinos, it can be used only for deposits.
Paysafecard consists of vouchers that have a 16-digit PIN code. These vouchers can be used in transactions without providing personal or bank details, guaranteeing the user’s security.
After purchasing the vouchers, the user only needs the user name and password to make payments. Vouchers have fixed values, which vary from 10, 25, 50 or 100 EUR. In Europe, a large part of casinos accept deposits through Paysafecard,
The EntroPay brand belongs to Ixaris Systems LTD. This company provides software for making payments, based in the United Kingdom. EntroPay is also called Virtual Visa due to its association with the Visa brand. It uses the network for online payments. The main difference between this method and a traditional credit card is that EntroPay is more like a prepaid debit card. The only money you can spend here is the money you decided to load into your EntroPay account previously. This makes it especially popular with casino players, as it helps them better control their casino spending.
EntroPay customers can make an online purchase and pay for services where the Visa card is usually accepted, which means that it is accepted in the vast majority of establishments and casinos.
The brand belongs to Wafepay LTD, a German company that started its activities in 2001. Click2pay is still a not so popular payment method in casinos on the online platform. In some European countries, no online casino offers this option as a payment method. However, we believe it will happen soon, due to the scope that Click2Pay has in Europe.
You must create a Click2pay account, which is fast and straightforward, though the company’s website to use this service. The Click2Pay account allows a credit card to be added or a bank to be transferred to e-Wallet easily. As soon as the registration process is complete, the user will receive a call from customer service in a few minutes. As soon as the registration is confirmed, they will be able to use the service.
It is very similar to the PayPal method. It is an e-Wallet specializing in online money transfers, protecting your bank details. It acts as an intermediary between players and casino operators. Click2pay allows access to your online account, where you can view payments, statements, manage your data, etc. Customer support is open 24 hours a day.
One of the cons of this payment method is the fees compared to other e-Wallets available on the market, such as PayPal or Skrill. Perhaps it is one reason it is not as popular as a payment method for online casinos.
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