Payment and withdrawal are the two primary and important features for any online casino, gambling or gabling website and this is the reason most of the platforms offer multiple choices of payment methods to lure more and more gamers. This facilitates comfortable and easy transactions for gamers without being limited to just one mode that may not be favorable.
If a casino, gambling or gaming website is offering just bank tellers it may not reach the desired number of customers.
It is to note here that many countries across the world do not facilitate transferring funds abroad and this may work like a limitation to the casino platform.
In today’s online casinos the most popular way of payment is MasterCard or VISA credit cards. The biggest advantage to it is that within few minutes the entire payment process is completed. However, transaction fees are significantly high and in most of the platforms a commission of about 2 percent is charged either on deposit or on withdrawal.
Bank transfer is also most common form of payment, but unlike the credit card it is slow. It takes about two or three business days to complete. Payment and withdrawal commissions are same here like the credit cards. However, it is highly reliable payment method as all the transactions are under record.
PayPal, Neteller, Skrill, Paysafecard, debit cards, and other methods of e-wallets are gaining popularity lately on casino platforms and have become common too. It is easy and takes just few minutes to complete. It also attracts low commission.
Apart from all these payment methods, Bitcoin is emerging successfully. It is an electronic and encrypted currency with no centralized server. It provides full anonymity and this is the greatest advantage. It works by sending string of emails to both the parties without disclosing to any external authority about the transaction. Even the tax department fails to track the transaction and this is the greatest advantage while evading taxes from earned money.
Many more payment methods may be added in near future, but experts suggest to read all the terms and conditions properly before preferring any one option. Even one should read reviews of the payment method before opting it just to know whether it is safe and the customer care people responds to the soonest in case of error.