Over the last couple of years, online casinos have become incredibly popular across the world, with more people than ever opting to play their favourite casino games from the comfort of their own home or on the go. The days of visiting a brick-and-mortar casino setting are coming to an end, in which the only time people are more likely to visit the physical venue is while on vacation in the likes of Las Vegas or Monte Carlo. 

However, online payments have been a concern for many people making the transition to online casinos with no deposit free spins. While online payments used to be somewhat of a risk, over the last decade, the security of online transactions has become much more advanced. Today, players can make visa deposits at a variety of online casino sites without having to worry too much about cyber security issues as the providers have taken this into consideration.

In addition, there are now many more ways to pay securely than by visa alone. Below, we’ll take a look at the top payment options available at online casinos. 

Credit and debit card payments

Credit and debit card payments are the most traditional online payments option and is a method chosen by many players. This method offers a reliable and easy way of paying since it is connected directly to the players bank account. In fact, with over 200 participating companies worldwide, visas are the leading payment option across the world and are regulated by strict standards enforced by PCI DSS. 

One of the great things about paying via debit or credit card is that the payment goes through a central banking authority. This means that all payments made from a player’s card will be monitored by the bank and will often have extra security protocols in place such as two factor authentication. This helps to protect players from fraud and keep their personal details and funds safe. 

In addition, it can be even safer to play on a credit card as if there is an instance of fraud, the player can immediately claim the money back through their credit card company. 

E-wallets

E-wallets are rapidly becoming the new first choice for online payments. E-wallets work by storing a user’s money in a digital account which can also be connected to their bank account for ease of use. One of the great things about using an e-wallet is that users do not need to enter their payment details every time they want to make a transaction. In addition, as transactions are not authorised by their bank, they are generally a little quicker to process.

When using an international online service provider, e-wallets are often the best payment option as often you can avoid the large international fees associated with making an international bank transfer. 

Some of the most popular e-wallets include PayPal, Skrill and Neteller. One of the great things about using Neteller is that you can build up online reward points, while PayPal will not charge you large international transaction fees and protects any online purchases.

Cryptocurrencies

Cryptocurrencies like Bitcoin have been around for a while now but it is only in recent years that they have become more mainstream and more widely accessible to the public. Cryptocurrencies work on blockchain technology, meaning they are not controlled by any central banking authority. While the payment information is scattered to make it much safer, it is also more difficult to track transactions which offers some anonymity for online gamblers. 

As they are not controlled by any central banking authority, transactions are usually a lot quicker to process as they do not need to be authorised by a user’s local bank. However, while there are many benefits of using a cryptocurrency as payment, users must also be well educated about how they work and be aware of the risk.

Generally, most cryptocurrencies are highly volatile, and users could potentially lose more money than they invest.

Paying by phone

Paying by phone has rapidly become a widely used payment method and is accepted by a variety of vendors across the globe. Praised for its convenience, users need only use face recognition or scan their fingerprint on their smartphone to activate payment. 

This method of payment can be an ideal option for casino users who are on the go and don’t want to have to pull out their card. However, there are a few limits to this method of payment as users won’t be able to make large transactions with there generally being a limit to how much users can pay by phone.

The advantages of digital payment methods

The above methods of digital payment have made life much more convenient, as well as making online casino services more accessible to people across the globe. The nature of online casinos means that a range of people from far reaching regions of the world can now access these services at any time and in any place with Wi-Fi.

Overall, the online casino industry has only been able to thrive and be so successful thanks to the digital payment technology that has helped fuel its growth. With an international footprint, digital payments allow the online casino industry to be truly mobile and continue to offer more innovative services every day across the globe.