The success of online casinos has attracted more and more people to the world of iGaming. However, as new fans discover these websites, they also discover that a lot has changed since online casinos first hit the scene in the 1990s. Today, internet gambling platforms have embraced a slew of payment methods. Some have been a huge success, and others have not been as popular. Regardless, these are the most popular payment methods you can use at gambling sites.
Credit Cards
Most people join online casinos, thinking that they are going to be using a credit card for depositing and withdrawing. The reason for that is simple; credit cards are the most common of all payment methods. The reason is that they’ve been around since the inception of online casinos like Christchurch Casino, which means that most people were introduced to the hobby by people using credit cards. On top of that, there are very few websites that don’t accept credit. So, the fact that they were there from the start, as well as their availability is the reason credit cards are such a hit.
Debit Cards
Recently, credit cards have been losing steam in culture. While it is true that in the USA, the millennials and Gen Z are still likely to use credit cards, it is much less frequent than older generations. In Europe, most people are switching over to debit cards, so online casinos are adapting. You can now make payments using debit cards at gambling platforms. However, not all websites have hopped on the bandwagon, so there may be some issues locating a website that does.
E-Wallets
Digital wallets are an invention of the 21st century. These are digital storage services that allow you to place money in an electronic wallet, which you can access through any device. In essence, you can make payments using your phone. The problem is that many casinos charge fees for digital wallet payments, and a lot of the times, bonuses don’t apply to e-wallet transactions. Despite the downsides, e-wallets are a massive success, because they provide fast and safe transactions, which more than makes up for the downsides.
Cryptocurrency
When Satoshi Nakamoto released Bitcoin, nobody believed that the crypto phenomenon would reach the point it has. Crypto is now a huge hit in popular culture. Despite its volatile nature, the crypto market has become a massive hit in the world of trading, and is second in popularity only to the forex and the stock markets. For that reason, many businesses have embraced crypto, including online casinos. Fast and safe transactions are the primary reason people enjoy crypto-based gambling.
Bank Transfers
Bank transfers are highly secure, and they also allow players to make relatively high deposits and withdrawals. With that in mind, we have to assume that they are the most popular option. However, that is not the case. While bank transfers are a popular method, they aren’t nearly as successful as credit, debit, or e-wallet payments. The reason is that bank transfers can take days, or even weeks to process, which doesn’t sit right with a lot of players.
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