There are lots of different ways in which you can deposit and withdraw from an online slot site or casino account and each has its pros and cons. You may be used to using debit cards for convenience, and they remain the most popular for many online gamblers, but eWallet solutions like Paypal and Neteller have big benefits when it comes to convenience and security. Elsewhere, Bitcoin and other Cryptocurrencies are becoming increasingly available.
Our casino banking guide helps you to choose the right payment method for you. Some options come with fees whilst others are always free, and some take a few days to process, whilst others are instant. You should also note which payment methods are excluded from bonus offers as some casino operators don’t include Skrill or Neteller in their sign-up packages. On our banking pages, we’ve done all that research for you and shown you where you to take advantage of each method.
Characteristics of a Good Payment Provider
The characteristics of a good payment provider include processing speed, and how easy it was to checkout or complete transactions. Security, flexibility, and convenience remain the main benefits, while payment providers are favoured for processing speeds, currencies accepted, low processing or transaction cost, and offering around-the-clock access to customer support in multiple languages. Additional benefits such as expanding payment services to cater to online, mobile and in-store or land-based use is preferable.
Multiple Platform Support
Multiple platform-supported payment providers improve the user or player’s experience in terms of convenience. An unbeatable all-in-one payment system makes it possible for customers to use an online and mobile self-service platform to pay and play faster at any time from anywhere.
Non-multiple platform-supported payment systems restrict convenience and will hardly appeal to anyone with access to 24/7 payment services via desktop and mobile apps.
Fast Deposit and Withdrawal
Payment speed is a key factor in deciding which payment provider to use, even more so in online gambling where players have an array of different options. Fast deposits includes ease of use that eliminates the spent on completing the payment request. Instant deposits make it possible to enjoy the wide variety of entertaining games and claim limited offers. Fast withdrawals contribute most towards a great experience.
Fast withdrawal methods and quick withdrawal periods are the two most frequently searched terms by online gambling enthusiasts. The main reason why online casino players avoid using a leading payment provider is long payout periods.
Top-Notch Security
A reputable online payment service provider values customer privacy and safety above all and protects identifiable information via the most effective security protocols. The online gambling industry is ahead of curve in terms of safety and security features. The measures taken are on par with financial and banking institutions, all systems are regularly updated.
- Firewalls specify the criterion which determines allowed traffic to and from a network. It is an effective way to prevent all unwanted traffic from entering servers.
- Secure Socket Layer or mostly abbreviated as SSL technology identifies information regarding the server from an originating website. An encrypted connection is created and personal information is stored in pieces that require unlocking via secure keys.
- Security and PCI Certificates logos offer links to security certificates, which makes it easy to confirm legitimacy.
Consequences and risks of security breaches lead to identity theft via spyware or viruses, hackers gain access to personal and sensitive information stored on personal computers.
Common Causes of Data Breaches include leaving security vulnerabilities unfixed. Human error includes weak passwords, sharing passwords, and sending personal and sensitive information to unknown or wrong recipients.
Accessible Customer Service
Payment service providers promise exceptional customer services, those who truly care about the well-being of their customers offer 24/7 access to support services. Testing customer services at different hours could give a great indication of the level of services.
Ways to get a better insight into customer services at payment processors is to use Google searches for user reviews and social media. Realistically a few users will give negative reviews, it is important to see if and how the payment service provider handles such reviews. If complaints are left unanswered, it might show that the company or business don’t care enough, which reflects badly and could prevent potential new customers from using their services.
Easy to Use
Payment services offered via simplistic easy-to-use options reduce errors, and players are more eager to use fast and easy payment methods to deposit and withdraw funds. One of the most effective ways used to increase ease of use is to reduce the number of resources needed, it saves time, and provides a better user experience.
Usability is of great importance in terms of user satisfaction, complication prolongs time spent and often increases the need for customer services. It compromises the experience of the user, which leads to less enthusiasm about using the payment services in future.
