With the number of gamblers at 20 minimum deposit casinos growing every day, the need for offering alternative payment methods has grown, too.
Most casinos offer lists of choices in terms of banking nowadays. What started as a short selection of bank transfers, checks, and perhaps some cards, has now turned into lists of dozens of different options for deposits and withdrawals.
What are Mobile Wallets?
As the demand for new and faster withdrawal methods grew, so came the invention of mobile or e-wallets. An e-wallet is an electronic system where you keep your cash and use it to transfer money and make purchases online. It acts similarly to a card and can be loaded directly from a bank account or via cards. Nowadays, nearly every 10 pound deposit casino offers some kind of e-wallet, if not several.
These are extremely useful and a preferred method by many online casino players. Why? Because they are simple to use, very flexible, and add extra security to online purchases, including gambling. When you use a mobile wallet to play, you don’t have to provide your bank or card details to the casino site. All you need is your e-wallet already loaded with funds and you can play.
Top 3 Mobile Wallets for Online Casino
Because of how popular mobile wallets are today, players have many platforms to choose from. These are considered to be safe online payment options and are used by all kinds of online purchasers. In addition to buying things, people use them to transfer money, too.
The 3 most popular and widely offered mobile wallets in the casino industry today are:
- Neteller. Founded in 1999 in Canada, this mobile wallet was responsible for processing over 80% of all worldwide payments to sports betting companies and online casinos in 2000.
- EcoPayz. Founded a year later in 2000, EcoPayz is considered to be one of the safest and easiest to use methods on this market.
- Skrill. Skrill is a widely known and offered mobile wallet, especially in the casino industry. Sat right alongside ecoPayz, Neteller, and PayPal, this method has an extraordinary growth online. It currently offers over 40 currencies and is used in almost 200 countries.
Pros and Cons of Using Mobile Wallets for Casino Payments
If you haven’t used mobile wallets before, you are surely wondering what the upside and downside is to choosing this method.
Pros:
- Speed. One of the biggest reasons why players choose mobile wallets is because they are instant for deposits and offer the fastest withdrawals.
- Security. Since you don’t have to share any banking details with the casino, e-wallets have an increased security.
- Simplicity. Even though you’ll have to fill up your wallet prior to gambling, the process is straightforward and simple. Once you do, you no longer have to add your card details when you want to make purchases online.
Cons:
- Not accepted everywhere. In some countries, you can use Neteller but not Skrill or ecoPayz, and vice versa. Not all casinos will offer your preferred mobile wallet.
- Limited bonus access. Most casino sites’ welcome offers cannot be claimed by using mobile wallets.
- Potential fees. For some services, you might be charged a payment or transaction fee.
Conclusion
Mobile wallets are frequently found as a banking option at online casinos. They are fast, convenient, secure, and easy to use. Even though they are not as widespread as cards just yet, the interest in players is growing every day.
