A seamless gambling experience relies on many factors, from the right game variety to the right bonuses and special offers. On top of all that, the availability of the right payment methods is also key to success.
Players prefer to play at casinos that offer them the most convenient way to top up their accounts and withdraw their winnings.
Here are the most popular ones available at casinos today.
Bank cards
At one point, bank cards were the only payment method accepted by casinos. These are convenient for the players and preferred by the casinos because they also serve as an extra layer of identity verification.
Both VISA and MasterCard are widely accepted by online gambling operators worldwide.
Prepaid vouchers
Especially popular among South African online casino players, prepaid vouchers are a quick and easy way to open a casino account. Their only major shortcoming is that they are rarely available for withdrawals.
Internationally, vouchers like PaysafeCard and Astropay are used by large numbers of players. In South Africa, an amazing variety of vouchers are available, from OTT to 1ForYou Voucher and even branded vouchers for some online betting operators.
Bank transfers
An alternative to card payments online, bank transfers are accepted by almost every online casino. They are safe and reliable, but they, too, have their share of shortcomings: they are very slow compared to other methods. While a card payment or a digital wallet transfer is operated immediately, a bank transfer can take several days to be completed. On the other hand, bank transfers can be used for withdrawals, too.
Digital wallets
Digital wallets are instant, convenient, and safe. But they can be expensive. A service like Skrill or Neteller allows players to top up their accounts or withdraw their winnings instantly. On the other hand, these services often operate with hefty fees and can have unfavourable exchange rates when withdrawing funds.
Cryptocurrency
Cryptocurrency is still in the “up-and-coming” phase in online casinos. There are some gambling outlets built specifically around them, but mainstream casinos often have issues accepting them. Still, considering their speed, reduced cost, and convenience, they represent a viable alternative to all of the above. Crypto is finding its way into mainstream gambling as we speak.
From cryptocurrency to digital wallets, online casinos rely on a variety of payment methods today. Some are traditional and slow, like bank transfers, but very safe and reliable. Others, like prepaid vouchers and digital wallets, are instant and convenient but have shortcomings when it comes to fees and availability.