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Home » Blog » What payment methods are preferred by iGaming users?

What payment methods are preferred by iGaming users?

charles By charles July 13, 2024 6 Min Read
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What payment methods are preferred by iGaming users?

When it comes to choosing the right online gambling site to play at, there are many different factors I like to look at and boxes that I want checked. And these can range from promotions and payout times to how many games they have to offer me and what payment methods are accepted. All are equally important as they contribute to the decision as to whether or not I’ll register or not. And you’ll probably find you’re just like me, whereby you will have red flags that will immediately put you off signing up to a site. 

Contents
Make it accessible. Traditional payment methodsDigital walletsSafe and secureCryptocurrenciesIn Summary

And today I am going to look at one area in particular, and that is payment methods. I’m going to look at which methods are generally preferred by iGaming fans like myself. And once you’ve understood which are the more popular ones, you can find all of the best online licensed casinos that offer these payment methods, as well as the best bonuses, at this link: casinomeister.com/uk.

Make it accessible. 

Well, the first thing the top sites need to keep in mind is that their players don’t just come from one country. For example, I could be playing at one of the top online sites from here in the UK, but they may also have other players playing from within mainland Europe. And so if one of these sites wants to make themselves inclusive and accessible not only to myself but to other players, they need to ensure that they have a wide range of payment methods so they can capture as many players as possible. With these payment methods, including:

  • Skrill
  • Moneybookers
  • PayPal
  • Credit/Debit Card
  • Cheque
  • Boku

Traditional payment methods

Of course, one of the most widely accepted payment methods is that of the credit or debit card, namely Mastercard or VISA. And you’ll find that nearly every single site that you come across online will have this payment method at least for you to use. If all the others fail, this can always be relied on. For me, I find it convenient to use, but the only hassle is that it doesn’t generally support faster withdrawals, meaning that I have to wait for my winnings. This is in addition to the fact that it means having to get my card out and enter my details each and every time.

Digital wallets

Thanks to technology, however, I don’t just have the option of a credit or debit card open to me. There are many digital wallets out there now that are very popular and more preferred amongst iGaming fans like myself. One such example that has been around for over two decades now, which I like to use and that you may well have heard of, is called PayPal. I much prefer to use digital wallets, and overall, they tend to be quicker. It means that I don’t always have to carry my card around with me in order to make a deposit or a withdrawal. 

Safe and secure

PayPal, in particular, is very popular, not just for me but for a lot of other iGaming fans, because it is safe and secure. This isn’t to say that encryption is used on credit or debit card transactions, but over the years, PayPal and its team have invested a lot of money into developing advanced encryption so that they know it’s safe. For me, this is really important, as when I’m looking to play games online, I’m going to have fun and be entertained. And so the last thing that I want to be doing is worrying about whether my personal or financial information is safe, and so PayPal alleviates all of these concerns so that I can just relax. 

Cryptocurrencies

Another area that is worth a brief mention by myself, but I won’t go into great detail as it is still very niche, is that of cryptocurrency. You may have heard of the term or the most popular variant of it, Bitcoin. These digital currencies are taking the world by storm and are offering a plethora of benefits that include safety, security, privacy, transparency, and speed. And it’s for all of these reasons that it is also becoming an accepted form of payment in some gambling sites online, but as it is an emerging technology, this is still slowly being adopted.

In Summary

Hopefully today I have given you a bit more of an insight, not only into what payment methods are out there for you to use should you want to play online, but at the same time I have given you my informed opinion on which of these payment methods that have been covered today are popular amongst the iGaming community, and not only this but the reasons why they are so popular so you too can make an informed decision next time you go to deposit into your online account.

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