Whether you want to use an online casino or some of the most innovative sportsbooks, you will have to go through the same steps. After deciding which brand you will use, you have to create an account and make a deposit. Sometimes, the given iGaming platform offers no deposit bonuses, but you will have to make a monetary transaction sooner or later.
Once you decide to fund your account, you will see that some of the world’s best online betting websites offer an abundance of options. They want to make sure that their payment section is easy to use so that even inexperienced punters can make fast deposits. Of course, the same applies to withdrawals, although some brands have specific conditions.
With that being said, let’s check out some of the most popular payment options you will have access to once you start wagering.
1. E-Wallets
The first and most popular online payment options you may have the chance to try are known as e-wallets. The latter includes all sorts of options, such as PayPal, Skrill, Neteller, ecoPayz and much more. If you take a look at Betenemy, you can check out all payment methods at bookmakers’ disposal and learn more information about the e-wallets that stand out.
There are several reasons why people use these kinds of online payment alternatives. For starters, they are available in almost every country, which makes them easy to access. Another thing that makes them popular is that people can use them without exposing their bank details. In other words, they can make safe transactions.
2. Cryptocurrencies
Although e-wallets have more fans than cryptocurrencies right now, this is prone to change in the future. Whether one likes it or not, digital currencies will play an even more important role in many industries. Needless to say, online betting is one of them.
Using cryptocurrencies for online betting guarantees that you won’t expose any banking information. Things such as Bitcoin, XRP, Dogecoin and Ethereum offer fast and secure money transfers. Furthermore, they allow people to make much larger transactions than usual, which is important for some punters.
3. Credit and Debit cards
Despite the many advantages of using other online payment options, some gamblers prefer to rely on their credit/debit cards. Hence, Betenemy and its article about the different payment options offered by online bookmakers also share more information about them.
One of the main advantages of using your credit or debit card is that you don’t need anything else to make a deposit. For example, there is no need to create an e-wallet or purchase cryptocurrencies before that. However, credit and debit cards have some drawbacks because you have to expose your banking information. Fortunately, most iGaming operators offer safe security features.
4. Bank Transfers
Old-school online bettors rarely use some of the trendy payment options because they don’t know how to use them to their full potential. Consequently, they prefer to rely on something familiar, such as a bank transfer. That’s why this payment option is still available on multiple iGaming platforms.
Although the bank transfer allows you to make much larger deposits and withdrawals, it has its flaws. One of them is that there is a fee, which can reach up to 20 EUR, depending on your bank.
5. Mobile Payment Options
The last payment option is popular in Africa, as well as other places around the world. Some online betting platforms offer different mobile payment alternatives that allow people to fund their accounts by sending an SMS. Sadly, these options usually have a lot of drawbacks, such as high fees and a slow processing time.
