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Methods of Payments in Casino: E-Wallet or Credit Card?
An e-wallet is an electronic wallet used to keep electronic money for use in making online payments. An example of this is depositing money in online casino accounts. An e-wallet allows fast and easy withdrawals and deposits on the internet and provides a secure environment for such transactions. If you use online payment systems such as Money Bookers and Pay pal, then you should be aware that these are types of e-wallets.
Credit cards are payment cards used as a system of payment for good or services based on the owners promise to pay for the money used. It is a form of advancing money to the card holder for use in paying merchants in the course of a month after which the credit card user is expected to repay the money with interest. Credit cards are also used to make payments to online casinos.
Advantages of using credit cards
The advantage of using credit cards to fund online casino accounts is that they offer instant transactions. In addition to this many people have access to these cards and using then is quite straightforward. Many online casinos accept credit cards easily so users need not worry that they will be turned down unless their credit is cancelled by the card issuer.
On the other hand, some countries have prohibited the use of credit cards to deposit money in online casinos and the US is one of them. In addition to this, there is a lot of fraud associated with using credit cards to make payments online. Each time you use your card you are vulnerable to online scam artists. These crafty individuals make a living from filtering sensitive information from the internet, and they have the necessary expertise to do so. This makes using credit cards online, a risky venture.
Advantages of using e-wallets
E-wallets have gained popularity because of the risk associated with revealing personal information on the internet. This is because they offer secure transfer of funds and any personal financial details involved in online casino transactions. This is because any e-wallet services provider uses the latest technology to ensure that all interactions are secure. These wallets also make it easy to open an online account because the sign up process is simple and straight forward.
So in all fairness if you are looking for security in all your online casino transactions then you should use e-wallets. If you desire to play in casino games provided in the US and other places where credit cards are prohibited, then this is a good option to consider. Selecting this option will help you to make payments and receive payments on the internet without compromising the security of your financial details.
The fact that you can withdraw money from your e-wallet into your bank account is quite convenient. However, your bank has to be in agreement with the e-wallet company this to be possible. As there are many e-wallets online, it is advisable to look through each of them before settling o one to use in online gaming. It helps if it is accepted by the online casino in question because transactions will be fast and easy.