Online Casino Payment Methods
From this section, NeonSlots provides some general information about online casino payment methods, including debit, credit and prepayment cards, prepayment cards, e-Wallets with big name companies available across the world offering alternatives to the traditional payment methods, as well as certain cryptocurrencies accepted by certain online casinos, bitcoin (BTC) in particular. Furthermore, NeonSlots is providing some recommendations so that the users do not have to provide their personal details to the card company nor their bank details to third parties as is possible, for instance, when using prepayment cards.
Online Payments with Bank Cards
Online cash payments are protected by numerous digital safety protocols and are perhaps the safest and fastest ways of making payments online at our disposal. There are a number of online cash payments available to players wishing to play for real money at online casinos and live casinos online including household brand names such as Visa, notably Visa Electron, Visa, Classic, Visa Gold, Visa Platinum, Visa Corporate and Visa Fleet; Mastercard and Paysafecard. Traditional methods may be available as debit or credit cards.
VISA Inc is a company that started offering its customers a payment card in 1958 when they began working with the Bank of America. These days, they have 30 different types of Credit and Debit cards that can be used to make purchases in over 200 countries worldwide and provide insurance and other additional benefits.
MasterCard began with the union of three Californian banks which developed a card that could be either a debit or credit card. Currently, MasterCard offers various products, cards and loyalty programs as well as cards which provide additional benefits such as insurance to their card bearers. MasterCard has, over time, become a trusted, household name whose history now spans the generations and enjoys a longstanding worldwide network of payment terminals and points of sale as well as being accepted by the vast majority of online stores and online gambling games websites.
Paysafecard as a method of payment originated in Vienna in 2000. It was the first online payment method authorised by banking law, which provided considerable consumer confidence and trust which lead to its rapid expansion to other countries throughout Europe. Today, Paysafecard has offices in London, Dusseldorf, Lucerne (Switzerland), New York, Mexico city and Buenos Aires. Paysafecard may be purchased at any collaborating points of sale, including Kiosks, stationery shops, supermarkets, convenience stores, banks, petrol stations and mobile phone outlets. Technical support is available to assist clients with any technical issues they might have. The card itself has a long 16 digit card number, just as traditional cards do, which is used to to make online purchases and payments and may be used to make deposits to participating websites. In 2015 Paysafecard acquired the rights to Ukash, offering their clients the opportunity to transfer their finanttial interests from one provider to the other.
Many people are increasingly concerned with the issue of protecting their financial details and are wary of providing bank details to websites. Digital e-Wallets provide the means of making deposits and paying for online services, products and playing online gambling games for real money without providing those websites with any bank or card details whatsoever. Examples of e-Wallets with a truly worldwide presence include: PayPal, Skrill, Entropay, Trustly and Neteller.
How to Obtain a Digital e-Wallet
The process for obtaining a digital e-Wallet is both simple and fast and largely similar in nature from one provider to the next. The user registers their details with the provider, including, first name, surname and date of birth before registering their bank card details and, when required, the amount of money which they wish to deposit into the the e-Wallet converting the funds into electronic ‘cash’ ready to use online.
PayPal is perhaps the most well-known e-Wallet and most reliable and reputable websites accept PayPal as a method of payment. PayPal, established in 1998, is a company originating in the USA which now has its central European offices in Dublin. A PayPal account may be accessed via Email using a password generated when opening a PayPal account and may be linked to a bank account or credit card. The user decides the amount and time a transfer takes place and in this way can limit the funds available in their e-Wallet.
Neteller is essentially a payment account with some distinct differences. The customer may have a physical payment card, linked to MasterCard but without being a credit card, rather, a prepayment card with funds deposited within it such as the customer has previously deposited via a bank account. Neteller is, perhaps, the second most used company of its type after PayPal.
Skrill, previously known as Moneybookers, is considered electronic ‘cash’ or an e-Wallet and is accepted by the majority of online gambling games websites which distinguishes itself from many other forms of payment as it allows for making and receiving transfers and carries with it a loyalty program providing customers with benefits for using Skrill. Skrill is also distinguishable from many other digital e-wallets for offering certain services without charging commission to its users.
EntroPay allows money to be deposited to some online casino websites via a prepayment card while carrying the VISA sign and is therefore generally accepted wherever VISA is accepted. As this is a prepayment card, people living on low income or in reduced circumstances can use this card wherever VISA is accepted, including online and with the added benefit of not being required to share any of your financial details with third parties.
Other Payment Options
There are also a number of other payment options available at online licensed casinos and online live casinos and the last years seem to have seen considerable development in this regard and many speculate that competition in this sector is likely to increase to meet the growing demand for alternatives to traditional payment methods. With rising concerns over identity theft and cyber hacking, digital payment methods which allow users to make payments and withdrawals online circumnavigating the usual requirements necessitating the provision of both personal and financial details is welcomed by many.
This type of "currency" is fairly new to the market and at first glance can appear quite confusing to understand. The basic concept is that this "currency" is controlled by an interconnected digital system which all "currency" or "coin" owners have digital access to. This systems tracks every single transaction, so that the coins can never be stolen or be used in fraudulent activities, as every user will know which coin belongs to who. It is also anonymous as true identities are never revealed and each "owner" is given a number which is what they use on the system. As an example I give Jane 1 "coin", immediately the system changes the ownership of that "coin" and gives new ownership to Jane. There is no way that this process can be altered or changed and as all owners are connected to the system their systems will also be instantly aware of this transaction. "Coin" number (343888) now belongs to Jane. You might also be interested to learn more about the most rapidly developing online payment method of the new generation - cryptocurrency Bitcoin.
Security Advice when Making Payments Online
At NeonSlots, we believe that most people today are familiar with making online payments with traditional forms of debit, credit and even prepayment cards which are still hugely prominent as methods of payment online although alternative methods such as digital e-Wallets have made considerable ground over the last ten years. Both traditional and new methods are considered secure and both domestic and international legislation has made them more so as the industry develops. That said, there is some good advice worth considering whenever making payments online, as described below:
Don’t make purchases from or provide your personal or financial details from a cybercafe or other unsecure place such as open networks, rather, at home or from some other secure source, bearing in mind that the antivirus programme on the device should always be kept up-to-date.
Do ensure that whenever entering personal or financial details that the website’s address in the navigation bar begins https, that the the ‘s’ in https is present as this indicates that the site is correctly encrypted, unavailable for copying or theft and that details entered via the current page are secure.
Payment Gateways (Payment Platforms)
Using debit or credit card online is, so far as security is concerned, just the same as using them in physical establishments, our private information is protected by various security protocols which encrypt the information we input, known as payment gateways or payment platforms. What is also interesting to note, is the fact that the online transfers we make do not provide out details to third parties.