Banking methods tend to be overlooked when it comes to mobile casino gambling. However, they are a crucial component of gaming. A reliable and secure payment method ensures that players have the best gambling experience, and the opposite is true.
Considering the importance of casino banking, it is critical for gamers to choose mobile casinos with payment methods they can trust. And while there are many popular new banking methods, some have stood the test of time. Here are some top mobile casino payment methods in 2022.
E-wallet mobile casino sites are so popular today. That's because e-wallets are safe, first, and readily available at most online casinos. Most e-wallets can also be linked with players' bank accounts, making it possible to transfer money between the two accounts.
PayPal is perhaps the most reputable e-wallet in the world, and it is supported by many online sellers. And while it may be shocking to note that PayPal isn't the most popular method for making deposits at online casinos, that has nothing to do with insecurity.
In fact, many online casinos don't meet the security threshold set by PayPal. The payment system is only available at well-known, licensed casino sites.
Other top e-wallets rocking the online casino industry are Neteller and Skrill. While Neteller focuses primarily on online gambling, Skrill is well-known both within and outside the online gambling industry.
While electronic wallets seem to be surpassing cards in popularity, the latter is still one of the most popular payment methods at online casinos. There are a number of credit and debit cards in use (as of 2022), including Maestro, Mastercards, Visa, and American Express.
Since gambling can be addictive, using credit cards be risky. This is why some iGaming regulatory bodies have been known to prohibit the use of credit cards for casino deposits, allowing casino players with debit cards and other alternative methods. Nevertheless, many online casinos still accept credit cards.
Then there are bank wire transfers. To deposit using bank transfer, players must first link their bank account to their casino accounts. This method also allows players to withdraw winnings directly from the casino accounts to the bank.
While bank transfers may not be as first as e-wallets, the system is super secure. But there are instant bank transfer options, including Giropay, iDEAL, and Trustly.
Cryptocurrencies are digital currencies such as Bitcoin, Dogecoin, Ripple, Litecoin, and Ethereum. They are ideal for gamblers who want to keep their internet transactions confidential.
Cryptos use blockchain, the technology that breaks down financial information into small bits (chains) before sending it. This makes it impossible for hackers or other third parties to decipher or link it to the owner.
As a result, crypto gaming is also gaining popularity since players feel extremely comfortable when no one knows what they are doing online.
There is no doubt that Bitcoin is the most widely used cryptocurrency on the planet. Since 2009, Bitcoin transactions have exploded, giving rise to Bitcoin casinos.
Seven years later (in 2016), Ethereum, the second most popular crypto, was born.
And while Bitcoin still leads the world of cryptos, Ethereum is becoming popular faster than anyone can imagine because Ethereum payments are faster than Bitcoin payments. That explains why Ethereum casinos are becoming more popular today.