When a player enters an online casino, the first thing that catches their attention is the titles of their favorite games. The second thing is the payment methods.
That happens because, without the ability to deposit and withdraw money, there isn't much one can do within a casino. That is to say that payment methods are extremely important. In this article, we will take a closer look at some of the most common options in the United States and the United Kingdom.
Virtual banks and transfer services
With the growth of the Internet, there has been an increasing number of virtual banking entities. Of course, the offerings vary, and the systems operate differently depending on the company in question.
We will explore some of the options available in the United Kingdom and the United States. According to payment methods expert Kevin Flynn, among the best options are Instadebit, GCash, and Knab.
GCash is a virtual bank established in 2004. The minimum deposit is $10, with no service fees, and the withdrawal time is only 24 hours. In Knab, the minimum deposit is also $10, with no deposit fees, but the time to take the money out is double, up to 72 hours.
Finally, the third recommendation is InstaDebit. This is a bank-to-bank money transfer service available to Canadian residents with bank accounts in Canada. Online players can use it to play at InstaDebit casinos that accept Canadian or U.S. dollars, which is a fairly extensive list. It's not the most suitable option for Britons, but we include it in this list due to its high level of customer service.
Mobile digital payments
Digital payment services often link a phone number to a bank account. They serve as a payment gateway that offers anonymity and robust cybersecurity systems. For this reason, they have become a solid alternative to traditional payment options.
Some mobile digital payment options include Google Pay, Samsung Pay, Apple Pay, and Amazon Pay. All of them are highly valued by users, especially those who choose them as a payment method in online casinos, as they allow for fast and secure monetary transactions.
Credit Cards
Credit cards are the most traditional payment option on the Internet. In fact, many of the previously mentioned gateways and online accounts are usually linked to a traditional bank account and conduct transactions in partnership with Visa and Mastercard.
This means that, although there are prepaid cards that can be reloaded from ATMs or through transfers, people's money is generally stored in traditional banks, which are associated with credit card services.
The most well-known options worldwide are Visa, Mastercard, and American Express. Visa is the most widely accepted, available in more than 190 countries around the world. All three cards are widely used in the United Kingdom and accepted at a large number of online casinos.
Cryptocurrencies
Cryptocurrencies are digital currencies that operate based on blockchain technology, a ledger technology considered one of the most robust data storage methods in terms of cybersecurity today.
Blockchain chains data, hence its name. It operates through a network of interconnected computers (nodes) that work together to validate and record transactions on a shared database. No one can make changes without leaving a visible record for all nodes on the network.
This decentralized system makes it one of the safest payment methods in the world, which is why it deserves a place on this list. Among the most well-known cryptocurrencies are Bitcoin, Ethereum, Ripple, and Litecoin. However, there are many more currencies.
It is not common for casinos to offer cryptocurrency payments, but their use is spreading as they become more popular among players.
In fact, there is a category of games based on the trajectory of crypto charts. In these games, users place an initial bet that multiplies exponentially until it suddenly crashes one day. This category is called Crash Gaming.
Which option Is the safest?
Any of the options presented in this list has a high level of cybersecurity. Credit and debit cards, as well as digital transfer options and e-wallets, are secure depending on the chosen bank or brand.
However, when it comes to digital security, the prize goes to cryptocurrencies. Being based on blockchain technology, they offer players in the United Kingdom and the United States a high level of anonymity and cybersecurity.
For this reason, cryptos are chosen by an increasing number of players. Online casinos are adapting to this trend as fast as they can, but the market is still not covering the uprising demand.
