Like many other casino players, there’s a good chance that you’ve wondered about the different ways of sending money to and from your various casino accounts. There’s also a good chance that you’ve probably been using either a debit or credit card to facilitate these transactions, and you’ve grown tired of the high transaction fees as well as the long wait before the money you’ve won actually reflects in your account.
Online casinos completely changed the nature of the game when they began offering different types of banking methods. Each one of these methods is designed to give players a unique benefit that they otherwise would never have access to when using more traditional forms of banking.
Cryptocurrencies
Cryptocurrencies use modern technologies like blockchain to give users a secure and private environment with which to transfer their money around, often in the form of a crypto coin of some kind. They took around 10 years to really catch on with the general public, and while there’s still some way to go, there’s no doubt that they are becoming more and more popular.
Online casinos are also beginning to accept cryptocurrencies as a legitimate means of payment for most of their services, making it easier than ever to simply use some Bitcoin or Ethereum to play any game of your choice. Another great benefit to crypto is that you can remain as anonymous as you want, which will appeal to those players that don’t want to reveal any personal or financial information about themselves.
E-Wallets
E-wallets are among the most popular methods of transacting with casinos at the moment. They are extremely easy to use, offer a wide range of functionality, and they often come with benefits that are unique to specific casinos. E-wallets are functionally similar to regular bank accounts, except everything is done online, and it’s possible to link multiple bank accounts to a single e-wallet.
On top of this, e-wallets boast much faster transaction times, sometimes as little as a single working day, or it’s even possible that transactions might be instant, from all manner of venues, including your favourite online casino South Africa.
Additionally, e-wallet users can also expect that any transaction fees will be substantially lower than what is typically expected from other kinds of banking, especially debit and credit card accounts. This is important to keep in mind, as multiple transactions over the course of a month can generally lead to quite a substantial amount of money, money that could otherwise be used for more gaming.
Pre-loaded Paycards Another great option to give a try is a pre-loaded paycard. These are special cards that can be bought online or at the local supermarket and are loaded up with a certain amount of cash. The player then uses that card’s stored money when making a deposit, for example, instead of giving over their credit card details. Not only are these cards inherently more private, but they make a great way to manage the money you use on your favourite casino sites.