The mobile gambling industry has been a boon for online casino operators. In addition to allowing casino games fans and gamblers the ability to play at home or on the go, mobile gambling also comes with social functions integrated. But the biggest advantage may very well be the ease with which users can now deposit or withdraw their money from online casinos thanks to the fast-paced advances in technology. As a result there are a range of payment options that are accepted by online casinos, which are renowned for being one of the most innovative sectors of any industry.
To find out which are the biggest and most widely used and accepted payment methods accepted by online casinos check out the list below:
PayPal
PayPal is one of the biggest, if not the biggest, electronic wallet service. The pioneer of online payment services, it is used worldwide on sites like eBay by millions of people and as a result PayPal is also accepted by the vast majority of online service providers such as internet-based casinos. Payment is fast, safe and instant.
Visa/ MasterCard
After the rise of PayPal, traditional credit and debit card companies such as Visa and MasterCard had to up their game by providing their own online payment methods. Payments from both types of cards are now widely accepted by online casinos everywhere.
Neteller
The next biggest online payment solution next to PayPal, Neteller is an electronic wallet service that is commonly used in gambling transactions. Transfer times and transaction fees vary on the top up method.
Skrill
Skrill is the e-wallet service that began life as the once- popular online payments service Moneybookers. The service offers transactions in over 40 currencies and is available in 200 countries. Payments by Skrill are instant but may be subject to a small payment processing charge per transaction.
Bitcoin
By now nearly everyone will have heard about Bitcoin, a peer to peer virtual currency that is not controlled by any Government. Since its introduction, Bitcoin has gained prominence in the public eye as well as so much value such that many online casinos and other services now accept it.
Ukash
Ukash has been another significant player when it comes to online payment processing in recent times. The United Kingdom based company allows users to pay for services online as well as receive payments. Ukash also offers instant payment for transactions up to a value of £500.
Webmoney and More
The services listed above are some of the biggest and most widely accepted online payment methods but there are many others you may find internet casinos listing as accepted. These include Webmoney, Click2Pay, ecoPayz, i-Banq and many more.
Over the years PayPal has grown to become the largest and most widely known form of making and accepting payments online. As such the service may be the most commonly used but as the list above shows there is a wide variety of alternative methods for transactions on the internet. The biggest mover has to be Bitcoin, but now several payment solutions are also becoming more popular, including other crypto currencies. Ultimately, the choice of which service you use may boil down to which one has the lowest charges or simply, which one you like to use.
