Gambling online means one thing–you will spend real money. In as much as you buy tokens and credits in a land-based casino, you also need to buy in-game money in an online casino. For that, you need to use your preferred payment method.
Each payment method has its own advantage and disadvantages, and not every type would work for you. Surely, one would be the perfect fit for you: the STS app is available for Android, or it can be through your card or any other means.
Here are the best payment methods you can use when gambling online.
Credit or debit card
Perhaps the payment method that will never be absent in any online casino is the credit card or a debit card. The reason for this is that that almost everyone, if not everyone, owns a credit card or at least a debit card.
A direct bank transfer is also one of the most popular and common methods a customer use when making a deposit and facilitating withdrawals in an online casino.
What makes using a bank account convenient in gambling online is that in most cases, you only need to input your banking details once. Once you give the online casino your bank account details, they will usually have it saved on their servers and be put on file for all other future transactions.
E-money wallets are apps and services that store your money for you electronically, and also allows you to perform various electronic transactions that you would not be able to do with just a bank account or just a credit card.
Here are some of the best e-money wallets that are commonly used in online gambling, and in other forms of online payments, too.
PayPal is one of the most popular e-money wallets in the world, and it is also one of the most commonly-used e-money wallets for e-commerce sites. You can even see a PayPal “quick checkout” button in most shopping websites.
Skrill is another popular e-money wallet that a lot of people choose because of its features. One of the main features of Skrill is that it makes it easy for users to transfer money not only within their Skrill wallets but also directly to a user’s bank account.
This means that even if the other user does not have a Skrill account, he or she can still receive money from a Skrill user provided that he has a bank account.
If you are new to the world of online gambling, then you might not have heard of Neteller yet, as its popularity is not that of it being used in other e-commerce purposes. Rather, Neteller is considered to be the most-used and most popular e-money wallet payment method for online gambling. Regardless of whether it is an online casino or a sports betting site or app, you can expect that Neteller is one of the top options as a payment method.
In fact, by July 2000, it was processing at least 85% of all the e-money transactions for online gambling in the whole world. Also, at least 95% of the revenue of the firm managing Neteller is from online gambling transactions.
Cryptocurrency such as Bitcoin and Etherium had been around for years now, and there are more other forms of cryptocurrency that are being introduced regularly. From being a form of digital money that people do not care about, the whole crypto industry had grown so much and had gained its footing as a formidable player in the financial industry.
Now, more and more merchants online are starting to accept crypto as a form of payment. Even in online casinos and sports betting bookmarks, more providers are starting to open up on the use of cryptocurrency as well.