With the continued growth of online poker and online poker sites, the payment option an online casino/ poker site uses is very important. In order to keep the trust of the poker players and remain a reliable site, the ability to provide as many payment options as possible is crucial.
Because of the transaction speed they provide, electronic wallets, or e-wallets, have become a no-brainer for online gambling payment.
E-wallets also serve as a superb buffer between your bank account and the casino, enhancing customer privacy.
Unfortunately, there is a wide ocean of e-wallet brands available, and not all of them are trustworthy or appropriate for use as gambling e-wallets.
Let’s take a look at the major names who dominate the online casino payment market.
Best E wallets to use at online casinos
Paypal e wallet
PayPal’s reputation as an all-purpose e-wallet is well-known, and they have also gained the confidence of many gamers as a terrific gaming e-wallet.
PayPal allows you to make free online payments at a variety of gaming and betting sites.
Furthermore, having PayPal as a payment option virtually acts as a sign of the casino’s dependability.
This is because PayPal thoroughly investigates the firms with whom it partners to assure their integrity.
PayPal prioritizes security. Buyer Protection, Fraud Protection, and high-level data encryption are all part of their service, as is Account Protection, which protects you from fraudulent transactions and identity theft.
On top of that, PayPal has a 24/7 monitoring system to oversee all transactions and detect any fraudulent activities.
It is important to note that Paypal actually restricts casino and gambling as a payment option only in the USA. In general, it is only even available as a payment option on a limited number of casinos.
Neteller
An extremely versatile and popular e-wallet that also supports the use of cryptocurrency. In fact, consumers of famous cryptocurrencies such as Bitcoin and Litecoin prefer this digital payment option.
Financing alternatives are many and provide the customer with a great deal of flexibility.
This firm experienced some severe issues in the United States with the passage of the Unlawful Internet Gambling Enforcement Act, but it is still incredibly popular and widely utilized in the rest of the globe.
This platform is widely used by Betfair, Coral, 888Sport, Betfred, Ladbrokes, William Hill, and Paddy Power for both deposits and withdrawals.
Coinbase
Coinbase allows any sort of user to purchase and store Bitcoin in a simple, straightforward manner even on online casinos.
This is our suggested wallet for gamers in the United States. Yet, it is best utilized in combination with Blockchain.
Coinbase can be used by you as the conduit between your US bank accounts and the real money US poker sites you visit.
Skrill
Skrill is a name that is all too familiar to online gamblers.
And while gamblers like poker players are definitely their core demographic, Skrill makes tremendous effort into spreading their company to other sectors thus it’s a perfect alternative for individuals who want a payment method for both gaming and online shopping or other objectives.
Skrill has collaborated with large online firms to make their product more flexible: eBay, Facebook, and over 100,000 merchants worldwide accept Skrill as a payment option.
It also provides low-cost international transactions, making it easy to instantly transfer payments to family, friends, and business partners.
Skrill uses the best encryption and security methods to secure their clients’ privacy, as evidenced by their authorization by the Financial Conduct Authority.
Skrill needs two-factor verification when you access your account from an unfamiliar device, and a PIN is required to validate transfers. It is also available to use at online casinos.
Blockchain
Blockchain provides “My Wallet,” a free online Bitcoin wallet that you can use to make free international payments, as well as wallet services and in-depth insights into Bitcoin transactions.
Professional Rakeback advocates using blockchain to deposit and withdraw directly to online poker and gaming sites.
We recommend that you use another Bitcoin wallet, such as Coinbase, to conduct direct transactions with your associated bank account (s).
WebMoney E-Wallet
If you’re an international traveler, this is one of the better options. E-wallets have varied deposit and use limits depending on where you are on the planet, however the WebMoney system allows for simple worldwide deposits.
If you want to use a VPN to gamble online and want a secure e-wallet that protects your identity and location while taking international deposits, this is the appropriate option.
ecoPayz
Because of its low costs, ecoPayz is a popular e-wallet service among many gambling online enthusiasts. EcoPayz’s transaction fees are significantly cheaper than those of several of their competitors, including Neteller and Skrill.
Yet, the e-wallet provides consumers with lightning-fast transaction speeds and dependable security.
When you initially open an ecoPayz e-wallet account, it will be in the Classic tier. After establishing your identity with an ID and bank account information, your ecoPayz account will be upgraded to Silver. Continual users can upgrade to Gold, which has cheaper costs and bigger transfer limits, then to Platinum and VIP.
As a consequence, ecoPayz is an excellent choice for habitual gamblers because the costs decrease as you climb through the VIP rankings.
Benefits of using e wallets
Online Poker Sites cannot see your Bank Account details
To make a deposit, you simply need to enter your e-wallet email address and password. This transaction nearly usually occurs through a secure landing page provided by your preferred e-wallet (e.g. Skrill).
As a result, the third-party poker site does not save your bank information.
Your risk is limited to your E wallet only
In principle, your e-wallet, like any other internet account, might be hacked. Even if someone does get unauthorized access to your e-wallet, you will not lose more than your existing sum (which should be kept low).
On the other hand, if an offender gets access to your debit or credit card, he is likely to continue spending from your bank account.
E-Wallets Make It Simple to Switch Between Bitcoin and Cash
We entirely understand if you’re not interested in cryptocurrency. What if you could easily exchange your cash for cryptocurrency and then take advantage of crypto depositing bonuses at online websites? Skrill and other online gambling e-wallets benefit from this.
Your transactions won’t keep getting blocked
YOU WILL NOT HAVE YOUR TRANSACTIONS BLOCKED FOREVER.
One of the most annoying aspects of internet gambling is how frequently your bank or building society may call you or limit your transactions following gaming activity. Signing up for any of our suggested e-wallet options will rid you of this inconvenience.
