Playing online games for real money requires you to fund your account. This means sharing your personal and banking details with the operator. However, with the increasing cases of identity theft and online fraud, it is crucial to only use payment options that guarantee the safety of the data you share. Reliable payment methods use stringent security firewalls and encryption technology to ensure that both your personal and financial details remain encrypted, and cannot be accessed by unauthorized individuals. Here is a list of the safest payment methods for online gaming in 2021.
E-wallets
With the rising need for fast and secure online payments, E-wallets have provided an alternative payment option. The most popular E-wallets options include Skrill, PayPal, and Neteller. Deposits and withdrawals made using these methods are processed in minutes, which is important while playing online casino games in Arabic countries where gambling is generally prohibited. You don’t have to wait hours or days for your funds to reflect with the payment alternatives provided; you can immediately continue playing even if your funds run out. This is one of the services Arabianbetting has assessed to help players choose the best casino to play at. They also provided information on the legality of online gambling and the importance of using a VPN while recommending the safest sites to play on. Even better, your financial or bank information will be protected because you will not have to share it with anyone to preserve the player’s anonymity.
Prepaid Cards
Prepaid cards are preferred by many UK players mostly because it allows you to strictly control the amount of money you spend. Most Prepaid card providers do not allow overdraft which allows you to spend only the amount you have on the card. Some of the best Prepaid cards for high clearance rates include Visa and American Express Prepaid Card. Other recommendable prepaid cards for UK players include Neteller Prepaid Card, Skrill Prepaid Card, and Paysafecard.
Debit and Credit Cards
These are by far the most common payment options that are accepted worldwide. They include American Express, Mastercard, and Visa. These cards are used in regular transactions both offline and online, and the transition into the online gaming industry has been seamless. Many operators accept deposits through debit and credit cards, but only a few accept withdrawals. Although UK players are banned from using credit cards for online gambling, debit cards are still acceptable.
Cryptocurrencies
Cryptocurrencies have turned out to be the best solution for the security concerns of online players. Transactions via cryptocurrencies such as Bitcoin, Litecoin, and Ethereum are done anonymously, hence they alleviate any fears of cyber theft. Some experts are confident that all betting activities in the future will be conducted using cryptocurrencies. Today, more betting firms are embracing the use of cryptocurrencies for deposits and withdrawals, while others have established it as the only acceptable payment method.
Apple, Google, and Samsung Pay
No doubt that the mobile industry has a significant role in influencing the betting industry, especially in online gaming and the provision of payment solutions. With the changes in payment methods, a high percentage of UK millennials today prefer using their phone to subscribe to gaming rather than TV programs. Apple, Google, and Samsung Pay provide incredible payment services, and transactions are easy and swift. Although mobile payment apps are in their infancy phase, it is undeniable that they have a huge potential to influence the industry. We can expect more bookmakers to embrace them in the near future.
Wire Transfers
This payment method has been around for some time. It is exceptionally safe, which is the reason why many casinos have maintained its use. It is also an excellent option if you are looking to transact huge amounts. Nevertheless, wire transfer deposits and withdrawals take the longest processing time going up to 5 working days. Hence, most players opt for alternative methods such as e-wallets which guarantee instant transactions.
Safety and convenience are crucial factors that players consider when selecting a payment option. The above payment methods have put in measures to ensure that you can fund your online gambling casino with no worries. E-Wallets and mobile payment options guarantee fast and secure transactions while cryptocurrencies offer absolute anonymity. Credit, Debit, and Prepaid cards are also recommendable since they are widely accepted by online bookmakers.
