PH Casino Guide

The Most Secure Payment Methods When Gambling Online

With the widespread popularity of online sites, non-players can’t help but feel tempted to try. Online casino games provide you with a software variety of various games. You can stake, play and earn rewards when you login to these platforms. More players are visiting InstaDebit Casino Canada because they enjoy secure and fast transactions.

To get rewards on these online casino sites, you’ve got to fund your account to play. Certain online casinos allow players to play on demo accounts. In a demo account, you play all the games, but you don’t win any reward. All of your winnings on a demo account are virtual. However, in a real account, you have the opportunity to stake and earn rewards. 

But first, for your real account to be active, you have to fund it with actual money. Your funds will then serve their purpose in aiding you win more rewards as you stake and play. Different online gambling platforms have various deposit and withdrawal payment methods. 

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These payment methods are a general way of deciding whether an online gambling platform is genuine. Here are the most secure payment methods when gambling online:

Debit and credit cards

Debit and credit cards are popular methods of payment worldwide. Credit card companies like MasterCard, Visa, Interac, and Maestro can facilitate local and international transactions. 

Debit and credit cards are issued to individuals by their banks to help them deposit and withdrawal money. These cards are available for anyone with an active bank account. 

However, the disadvantage of using these cards is their transfer restrictions. Certain banks do not allow the transfer of funds from an individual account to a private gambling account. That is why you should check your bank’s internal online gambling policy before making transactions.

Phone USSD payments

It’s no news that you can make deposits and withdrawals from an online casino account with your phone.
This service is used by linking your bank account with your mobile network. The bank account presents you with a USSD code. This Unstructured Supplementary Service Data(USSD) code is used to make transfers from your bank account to another account. It’s seen as a reliable payment option in most countries.

Crypto wallets

With the growing popularity of cryptocurrencies and blockchains, there is no denying that crypto is one of the most secure forms of payment. Certain countries have even authorized the use of crypto as a means of transaction. This is primarily due to the high safety and security associated with cryptos like bitcoin. 

Cryptocurrency payments are usually fast and require minimal fees. They also provide online security by keeping both parties (i.e. the sender and receiver) anonymous.

E-wallets

Most online casinos make use of the e-wallet payment method. The use of e-wallets is a universal trend as it is a fast, secure, and easy method of fund transfer. Although certain transfers may require higher or lower transaction fees, e-wallets tend to make these fees as minimal as possible.

Examples of e-wallets include PayPal (the leading e-wallet in the world today), EcoPayz, Skrill, Neteller, and Paysafecard.

Bank wire transfers

Online casinos also accept bank wire transfers. Due to the strict requirements needed in this form of payment, it guarantees security. Wire transfers were designed to tackle the issue of money laundering.

As such, it is regarded as one of the most secure ways of depositing and withdrawing funds. Although it is a secure means of transfer, certain transactions can take up to seven days to complete. Transaction fees are meted out based on the amount transferred.

Prepaid vouchers and cards

Most of Europe uses this method of payment. Most online casinos are also familiar with prepaid vouchers and cards. This payment method is widely used because of its high-level security and fraud protection. One major benefit of prepaid vouchers and cards is that they are less expensive and incur smaller fees than credit and debit cards. 

There are various types of prepaid cards to use. You could use virtual, disposable and re-loadable cards. These cards do not require you to have an active bank account. Hence all your funds are in your control.

Many online casinos and their customers often find sending and receiving payments difficult. However, before opening a live account with an online casino platform, you should be sure that their methods of payment are secure enough for you.

Sending money through an unsecured medium may sometimes lead to losing funds. You don’t need to take unnecessary risks.

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