So, you have joined a new casino, are thrilled to try out casino games, and now are left with a difficult choice to make. Do you give the casino your banking details, or just stick to free play games?
If you always worry about your sensitive banking information falling into wrong hands while gambling online, this is the moment it all ends.
We have scrutinised all the available transaction systems offered at gambling sites and sorted out the safest casino payment methods for you.
Curious much? Then continue reading and find out which payment method you can use for your next gambling session.
Card-Based Payment Methods
You can live in any part of the world, there’s a high chance that you already have a card-based payment getaway.
Card-based payments are perfect for almost every type of transaction, for making deposits or withdrawals.
The popular card-based payment systems found at online gambling sites are Visa Credit, Visa Debit, Visa Electron, MasterCard, and Maestro.
Although there are many regional card-based payment methods, we are emphasising Visa, MasterCard, and Maestro because they offer the highest level of security.
Each transaction made via these banking methods is encrypted. So, only you will know the PIN and the amount of money in your bank.
One negative aspect of card-based payments is that they are banned at many online casinos.
If you are lucky enough to find a casino that offers these payments, don’t hesitate to grab the opportunity right away.
Pay by Phone Payments
Pay by Phone is perfect for players who don’t want to deposit every few days. Boku, Zimpler, and Payforit are some common Pay by Phone payment methods.
This method allows the user to deposit despot directly from the phone. The cost is then added to the monthly bill by the mobile network provider.
As you can see, it is a pretty safe option for one gambling as you get to keep your banking details discreet and hidden from third-party organizations.
Another advantage of pay by phone payments is that you can always enjoy uninterrupted gaming sessions.
For the tiniest drawback, we have to point out that you can not use it for making withdrawals.
eWallets and Pre-Paid Cards
eWallets are legit the modern version of making transactions. That’s why it’s not surprising that younger players tend to use eWallets like PayPal, Neteller, Skrill, Paysafecard, EcoPayz, etc. the most at online casinos.
Transactions in these payment systems usually consist of PIN and encrypted codes known to the user only. Other top-notch security measurements also make eWallets safe for global transactions.
These are great as pre-paid card payments because you can keep the necessary credit to your account and make a deposit as per your requirements.
While eWallets offers lightning-fast deposits and quick payouts, there’s a catch you need to know in advance.
Many online casinos restrict the welcome bonus package for deposits made via eWallets.
So, before opting for the welcome bonus, check the T&C’s if you are depositing with eWallets.
Bank Wire Transfer
Bank wire transfer is by far the safest payment method you can go for.
Now you may be wondering why it’s not enlisted at the top? This is mostly because using bank wire transfer at online casinos is comparatively less convenient than other options.
Making deposits via bank wire is unavailable at most online casinos. Even when you make a withdrawal, it may take 3 to 7 days for the cash to be credited to your account.
Yet, many players opt for bank wire for the complete privacy of dealing that it offers.
What about Cryptocurrencies?
Cryptocurrencies are vital currencies. Nowadays, many online casinos are featuring cryptocurrencies in their offered payment systems. You may have seen it as well.
Bitcoin is the most popular cryptocurrency in online casinos. In fact, you may even find many gambling sites dedicated to Bitcoin transactions only.
Whether dealing with cryptocurrencies is safe or not is a question for the day.
As you already know, Bitcoin is a relatively new type of payment system. Its sustainability or credibility has not been tested yet. Also, there’s no fixed authority to control the currency. So, there’s no face to turn to if you ever face a security-related issue.
There have also been a few cases of Bitcoin hacking and other similar criminal activity without proper resolution.
Considering all this, you may want to stick to traditional methods for the time being.
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