The most used payment methods in online casinos 2022
Casino gaming offerings include slot titles, table games, and live casino with multiple built-in payment methods to meet customer preferences. There are numerous ways to deposit money into your account and withdraw any profits from online casinos and gaming sites.
When it comes to the protection of players’ personal information, developers of online casino sites often have more pressing concerns than merely creating fun games for customers to enjoy. If you want to give a player confidence in an online casino, the payment methods available must be simple, safe, and easy to understand.
Cryptocurrency
Due to its decentralized structure, crypto casinos have drawn a growing number of people looking for more privacy in their financial activities. In the online gambling industry in particular, virtual currencies like Bitcoin, Solana, Ether, Litecoin and other cryptocurrencies are becoming more and more sought after. Since crypto gambling is still a relatively new phenomenon, several websites provide significant bonuses to entice users. Free spins, cashback on deposits, and other incentives are examples of this. Most crypto gaming sites let you register without having to supply any personal information, in contrast to normal online casinos that ask you to do so in order to make an account.
Digital Wallets
Using Digital Wallets has a number of great advantages, one of which is the ability to instantly transfer money from the casino. Additionally, because transactions can be made relatively rapidly, e-Wallets are gaining popularity as a way to withdraw money from casinos. Due to their quicker deposit processes and the lack of information required to open an account, e-wallets have grown in popularity. The majority of reputable casinos appear to be able to move money in a matter of hours, easily outperforming the turnaround times for mailing a check, sending a bank wire, or even crediting bank cards. Many reputable casinos have been known to transfer money to e-Wallets in only a few minutes.
Debit/Credit Card
For online casinos, credit cards are a very safe and practical form of payment. They are widely available, relatively simple to use, and perfectly secure thanks to companies like Visa, MasterCard, and American Express. In particular in the U.K., using debit cards to make deposits at an online casino is quite common. Deposits made with cards like Switch, Visa Electorn, Visa Debit, and Maestro are accepted on many websites.
Bank Transfer
Bank transfers are one of the key methods of payment accepted by the majority of online casinos. Due to their strict criteria, many gamers view them as a secure alternative. For instance, in order to stop fraud and potential money laundering, strong KYC procedures are in place for bank transfers. There may be a range of transaction fees associated with bank transfers however, there are also online casinos that charge no transaction fees.
To conclude in terms of payment methods, crypto gambling will rule in 2022, as it offers a host of advantages to both operators and players. All operators and holders of online gambling licenses should be thinking about integrating crypto payments into their gaming platforms.
Up Next: Malta Week 2022
After the successful completion of the AIBC Toronto and Dubai Summits, SiGMA Group is working diligently on this year’s edition of Malta Week. From the 14th to the 18th of November, the company’s most prominent brands will be brought together under one roof for the AIBC Europe Summit, the premier networking opportunity of the year. The Summit at MFCC Ta’Qali is a stellar expression of European innovation in the Gaming, Esports and Emerging Tech sectors, featuring numerous panels and conferences by leading experts. Interested in joining our long list of speakers, exhibitors or sponsors? Please contact Sophie to reserve your spot, or visit our website for more information.
