Playing casino games online is fast becoming the preferred way to gamble over visiting brick-and-mortar establishments. The speed of placing a bet on web-based casinos or gaming apps is only one way of looking at it. For others, the banking revolution that now includes internet banking makes it easy to fund casino accounts, further making internet gambling secure, convenient and fun.
For a novice, choosing an online casino should boil down to one that offers secure payment gateways – PayPal. You must have read lots of stories online regarding people who got robbed of their hard-earned money through the web. Thus, even as we explore secure banking methods to use in online gambling platforms, note that security starts with the gambler. Always take precautions beforehand when choosing a gaming site that offers both secure payment methods and great entertainment. PayPal online casino is a perfect example to consider in this case. The catch is that unlike other e-wallets you may have used online, PayPal takes user privacy and banking security with extreme seriousness.
That taken care of, let’s now dive deeper to explore other secure banking gateways in online casinos.
A Plethora of Secure Internet Banking Methods for Online Casinos
Online casinos that accept PayPal are undoubtedly some of the most secure out there. However, a PayPal casino is not the only option available. Punters who sign up with gaming sites can equally choose from a plethora of other banking options on their popular casino sites. Usually, a casino website has more than just PayPal as the deposit or withdrawal method. So, while you consider joining any of the PayPal casinos online, here are other banking methods to factor in:
Cryptocurrencies as Payment Gateways
As you learn ways to keep cryptocurrency investment safe, note that they are equally secure banking methods in internet casinos today. Despite the instability that the crypto world has witnessed since the COVID pandemic struck, crypt coins such as Bitcoin, Ethereum, Dash, and several others have remained promising. The blockchain technology that powers Bitcoin transactions is worth highlighting because it ensures payment security. The anonymity of payments in the blockchain system is what everyone needs now, especially in a world where identity theft is becoming rampant.
Bitcoin is still trading above $40K, and coin market forecasts show that the world’s most popular cryptocurrency could reach $100K by 2025.
Moreover, stable coins and altcoins on cryptocurrency networks are growing in popularity. In this case, think about NFTs that are now accepted as a payment currency on several gaming platforms around the world. Some experts project that crypto and bank transfers will soon merge to create a more enabling environment for crypto investors, which includes online casinos that accept cryptocurrency payments. PayPal now allows account owners to trade popular cryptocurrencies on their payment platform, signaling a paradigm shift in banking. It means that most PayPal gambling sites accept cryptocurrencies as alternative payment gateways. Because the costs involved in cryptocurrency banking are negligible, they are fast replacing fiat options on some sites.
Credit/Debit Card Payments
Credit/Debit card payments providers such as Visa, Mastercard, and American Express are pioneers in online banking. They remain as popular as they were many years ago. Today, debit/credit card payments are the preferred banking method on internet casinos. In most cases, they are the first options that punters have on internet casinos before choosing others.
While debit/credit payments are not as cheap as cryptocurrencies, they are fast and secure.
The safety procedures put in place when adding card payments to a gambling site are clear indications that using Mastercard or credit card to fund your casino account is hack-proof. The Know Your Customer (KYC) procedures are foolproof, ensuring that gaming platforms get the correct details of their customers, including banking details which must match your name/address on both ends.
Direct Bank Transfers
Direct bank transfers are other popular banking methods in online casinos. So, if you have always used PayPal online casinos, you may want to consider gambling sites that accept PayPal, direct bank transfers, and other popular payment gateways. The procedure for sending money directly from and to the bank ensures the safety of every transaction. The only downside with direct bank transfer is that it takes more time than other methods. Sometimes, it can take up to 7 days to send or receive money on gaming sites.
Secure online payment is not negotiable these days. As internet users increase in numbers, banking technology becomes hi-tech. Choosing a casino website that provides punters with secure banking methods is a priority. Most importantly, security layers in every banking method should not compromise the speed of sending and receiving payments to/from online casinos. PayPal, cryptocurrency, card, and direct bank payments are among secure ways of paying and receiving money online, including on gaming sites.