Since their emergence, digital payment methods have quickly become preferred options for many players causing the inevitable transformation of online gambling. These alternative methods have succeeded, putting the traditional ones into the background. Today, the vast majority of online gamblers are primarily focused on modern payment methods as they make the whole process much more comfortable. In today’s article, we will discuss traditional and alternative online casino payment methods, compare their characteristics and see what they have to offer contemporary gamblers.
As the name suggests, these payment methods have been around since the early days of online gambling. Then the players had two options to choose from: bank transfers or Western Union. Wire transfers were probably the most widely used payment method at the best online casinos for United Kingdom as they allowed players to send money from one place to another in a secure way. Besides, this method offers a high-security level, while its biggest drawback is additional fees charged by banks, which you will not encounter when using modern payment methods. Also, bank transfers were not a fast option – they could take up to a whole week.
Meanwhile, Using Western Union will require you to visit one of the branches and fill out a payment form. This option is simple, even when compared to some modern methods.
When using traditional methods, keep in mind that they require some processing time. In practice, this means that players sometimes spend days and weeks waiting for their funds to be available on their casino accounts. However, all of the options mentioned above are very safe.
Perhaps, Visa, MasterCard, and Maestro are the most popular alternative replenishment methods in the world. The majority of gamblers love Visa cards because they cover the biggest number of banks around the world. This allows you to quickly manage your money. Customers use this method for both deposits and withdrawals. MasterCard and Maestro are also popular. Casinos accept them almost everywhere, so no problems will occur when replenishing your account. Debit cards are safe and quick compared with traditional methods.
Nevertheless, when the speed matters, e-wallet transfers are better because they offer same-day withdrawals. Among e-wallets, we can recommend PayPal, EcoPayz, Neteller, and Skrill.
PayPal is the most popular e-wallet payment method and the first one in the market. It is primarily used by US customers and can be used for all types of transactions, from business to gaming. Deposits and withdrawals are instant, which allows players to focus on games.
Neteller is also one of the mainstream online payment tools available in multiple currencies. Skrill, based in the UK, has been operating since 2001 and is used by many players around the world. Payments are instant, although fees may vary.
All e-wallet payment methods have their advantages when used for depositing and withdrawing funds, the most essential of which is their speed. This factor is a significant advantage comparing to traditional methods. However, it all depends on your personal preferences. Since both traditional and alternative payment methods are safe, the speed will likely appeal to you the most. Perhaps, it is still worth using Visa and MasterCard to ensure that your money is securely transferred. However, it doesn’t give you a decent level of anonymity compared to e-wallets. Now you know a lot about the payment methods in online casinos, which one will you choose?
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