Types of eWallet You can Use in an Online Casino
Here you will find all types of eWallet. The gambling industry has seen a major change in the last few years due to the invention of several technological instruments like high-speed internet and cheap computers and smartphones.
In the past, there were just a few Brick and Mortar casinos in the world and if any person wanted to try their chances at the casino games then they had to go to the casinos physically and had to play with cash.
However, with the rise of the internet, several casino operators have shifted to designing online casinos so that the players can comfortably try out all the casino games from their home without having to visit the Brick and Mortar casinos.
Technologies aim to make our lives more comfortable and the casino players were not satisfied with just the online casinos where they had to spend lots of time while making deposits or withdrawals.
The 21st century also saw the inventions of several digital and electronic payment systems and the online casino operators were quick to incorporate those payment systems into their online casinos.
So now any casino player can easily make payments at the fast paying casinos without having to visit banks or any other organisations by using these eWallets. Read this short guide to know all about the prevalent eWallets that you can use while making online casino mobile payment.
What are eWallets?
eWallets or electronic wallets are software or electronic card that can be used to make purchases and deposits at several places instead of using credit or debit cards. Any person who has a bank account can get several eWallets where they can transfer money from their banks and use them for making payments at the instant banking casino.
You have to link the eWallet with your bank account or credit and debit card to transfer money easily.
These digital wallets are much more safe and convenient than the traditional payment methods so many casino players have started shifting to using these eWallets and so that they can easily make casino Paysafe deposit.
The eWallets have advanced software that stores the personal and financial information about the use and protects it using high-tech encryptions so that any third-party cannot access the information.
Categories of eWallets
There are more than hundreds of eWallets in the world and more new ones are being invented that provide special advantages and benefits but eWallets can be broadly classified into three types and they are as follows:
Many companies and organisations provide closed eWallets to their customers so that they can easily make online payments while purchasing the goods from that company or organisation. If you have a closed eWallet then you can use it only to make payments to the companies that have issues with the eWallets.
These types of eWallets can be used to make deposits and withdrawals at certain eWallet casino that have entered into contracts with the payment providers. These types of eWallets like PayTM have less coverage but many online casinos like Better Dice Casino accept them.
These eWallets are issued by banks or digital payment providers and you can use them to make payments in all types of purchases like making deposits at Paysafecard casinos or for transferring money to another account. Some of the popular open e-wallets are Neteller, Skrill, and PayPal.
Different Types of eWallets for Making Casino Payments
Casino players and punters have faced lots of difficulty in the past while making online casino payments but now there are several electronic payment methods that the players can use to make easy online payments.
Many casino players know how to play casino online with real money but they have no idea about how to make fast payments using eWallets. In the following section, you will find out about all the best eWallet platforms that you can use to make deposits and withdrawals at online casinos.
Neteller is an age-old name in electronic wallets as it was launched in Canada in 1999 and since 2000 it has started accepting online casino payments. Now it has merged into the Paysafe Group and provides electronic payment systems all over the world in 15 languages.
The most advantageous factor of using Neteller as your eWallet is that you can deposit money in the online casinos within 24 hours and they charge a nominal fee of 2.5% for the transactions. The transactions are hidden under layers of encryption so it is completely safe to use Neteller to make deposits and withdrawals at the Neteller casino.
Some of the casinos that accept Neteller payments are Grande Vegas Casino, Planet 7 Casino, and San Manuel Online Casino. If you want to make Neteller payments at the online casinos then follow these steps:
- Visit the official website of Neteller and create an account.
- Confirm the email address you have given while registering.
- Enter your details like name, address, and phone number.
- Choose the currency in which you generally make online payments at the casinos.
- Transfer some money into your Neteller account through credit or debit cards or wire transfer.
- Go to the Neteller casino where you want to make some deposits.
- Open the deposit menu and select Neteller as the preferred payment mode.
- Enter your Neteller id and password.
- Select the amount you want to transfer and the transaction will be completed within 24 hours.
Trustly is one of the recent eWallets and has been in the market since 2008 but it has already gained lots of popularity among the casino players due to the numerous advantages like high-speed money transfer. It was launched by a Swedish company and it operates in more than 25 countries. Some of the advantages of playing at casinos with Trustly are you will not have to pay any extra charge while making deposits and withdrawals at the online casinos and since it connects directly to the banks so you will not have to enter your bank detail every time you want to make a payment using Trustly nor will you have to create a Trustly account.
Moreover, Trustly is supported in all types of mobile devices like iPhones, tablets, and androids so you can effortlessly make online casino mobile payment. You will also have higher security while making Trustly payments as it is regulated by Swedish FSA which makes it one of the most secure eWallet platforms. Some people like to know what casino accepts e check as payment so that they can make fast payments but in reality using Trustly is much faster. Casinos like BetMGM Casino NJ and TropicanaCasino NJ accept eCheck payments and you can play at casinos with Trustly like NeonVegas Casino, Plush Casino, and Avalon78 Casino. If you want to use Trustly to make payments at the online casinos then follow these steps:
- Open Trustly and link your bank account with Trustly.
- Select an online casino that has Trustly as the payment method.
- Open the deposit option and choose Trustly.
- Enter the amount you want to transfer and the amount will be transferred within a few minutes. In some cases, if there is a holiday or weekend then it can take up to 2 days to complete the payment.
Skrill is an eWallet that was formerly called Moneybookers and operates under the parent company Paysafe Group. Skrill is very popular among all types of casino players because it offers payments in 40 currencies and operates in more than 100 countries.
Payments using Skrill are completely safe and secure and it has a huge transaction limit so you can deposit as much money as you want. Skrill offers super-fast payment time so you will instantly receive the funds that you have withdrawn from the online casinos. So you can easily choose Skrill casinos and make easy payments without having to worry about security and safety.
Skrill also has a novel feature called chargeback protection that protects the user from making payment at fraud online casinos or other vendors. So if you want to know what makes online casino legit then the answer is if you see an online casino has a valid gambling license along with the popular payment methods like Skrill, Trustly, and Neteller then it is a legit online casino.
Some of the Skrill casinos where you can make deposits and withdrawals using Skrill are BetAmo Casino, Better Dice Casino, 20bet Casino, and BetChan Casino. If you want to make Skrill payments at the online casinos then follow these steps:
- Visit the Skrill website and click on register to create a new account.
- Enter your name, email id, phone number etc.
- Deposit some money into the Skrill account.
- Log in to the online casino where you want to deposit some money.
- Choose Skrill as the payment method.
- Enter your Skrill Id and password.
- Enter the amount you want to deposit and it will be deposited immediately.
PayPal was first launched in 2002 by an American organisation and since then it has made several changes in its software and to accommodate the new features of the current trend. PayPal is considered to be the safest eWallet as you will not have to share your financial details with the online casinos and you can make deposits and withdrawals only by using your phone number or email id.
If you want to deposit some money in ClickandBuy casino then it will take lots of time but you can deposit or withdraw money instantly using PayPal.
If you want to deposit some money using PayPal then you will have to pay a very low transaction cost and you can use your mobile phones to make payments at legit online casino PayPal whenever you want.
You can carry out transactions as high as $60,000 while using PayPal so it will cover all your casino deposits and withdrawals. Some of the online casinos that accept PayPal are Spinia Casino, ArgoCasino, GrandMasterJack, and Jesters Win Casino. You can make payments using PayPal by following these steps:
- Go to the PayPal website and create an account.
- Visit a legit online casino PayPal and log in to your gaming account.
- Choose PayPal at the deposit methods.
- Enter your PayPal id and password.
- Choose the amount you want to transfer and select proceed.
- The money will be transferred immediately.
MuchBetter is another eWallet that you can use to make easy payments at online casinos. It is owned by a British company and you can make direct online casino real money payments through the MuchBetter application from your mobile or computer.
It has an easy registration procedure and anyone can create an account and make transfers easily. The payment processing time is around 10 minutes to 24 hours so you will not have to wait for days to make deposits or withdrawals.
Some of the online casinos that accept payments through MuchBetter are Trueflip Casino, Emojino Casino, Casino Gods, and Casino Planet. If you want to make payments using MuchBetter then follow these steps:
- Download the MuchBetter app on your smartphone or computer.
- Create an account and fill in the necessary details.
- Verify your phone number through the OPT sent to your number.
- Connect your bank account or credit and debit cards with your MuchBetter account.
- Visit the MuchBetter casino where you want to make a deposit.
- Select MuchBetter as the payment provider.
- Enter your MuchBetter ID and password.
- Select the amount you want to deposit and the money will be transferred within 24 hours.
Types of eWallet Concluding Words
Electronic wallets have made it very easy to make all kinds of deposits and withdrawals from online casinos so everyone should have their eWallet so that they can enjoy the various casino games without having to worry about making payments.
Moreover, before you start investing money in an online casino you should also know what online casino has the best payouts so that you can get prizes from the casino games. So always choose an online casino that has high payouts and use the eWallets to deposit and withdraw as much money as you want.
Thank you for reading!