How E-Wallets make gaming easier

Online casinos are constantly looking for new ways to make the playing experience better. As online casinos continue to grow in demand and revenue, sites are starting to beef up their payment options. Leading the way are eWallet transactions, they provide players with a safe and convenient way to deposit and withdraw funds.

Maintaining privacy and security is at the top of the list for many casino gamers, and since eWallets automatically store the user’s card information without them having to manually enter it,  an extra layer of defense is present to fight against fraud. 

Digital wallets utilize advanced security measures like two-factor authentication, private software codes, and one-time use PIN numbers to ensure that a customer’s data stays where it is supposed to. The internal workings of these privacy functions are constantly being updated to secure the highest level of confidentiality possible.

Additionally, because eWallets normally only require a username and password rather than details like account numbers, expiration date, and CVV number, the amount of time it takes to complete a financial transaction is greatly reduced.

Depending on where the online casino is based, different eWallets will be accepted. For example, some popular companies widely accepted in the UK are PayPal, Skrill, Neteller, and Google Pay, just to name a few. Another great thing about eWallets is that they often do not require the user to pay any additional monthly expenses, so using the service is a stress-free breath of fresh air. 

The positives of E-Wallets

Fast withdrawals

There are several positives of E-wallets but the most obvious is the speed it takes to complete withdrawals. Long gone are the days of players needing to wait for up to five days to receive their payments. Now with eWallet services such as PayPal, Skrill and NetEller, those payments can take only a matter of moments to be returned to players. 

Not only does receiving any withdrawn cash in minutes help online casino members, it also paints the casinos in a better light. The instant crediting of any winnings paints the casino as a function that really cares about its players. It is a win-win for everyone involved.

E-Wallets are the future

The rise of eWallets over the last decade has been nothing short of meteoric. They have quickly established themselves as part of the financial mainstream and these days it is rare that people don’t hold at least one form of eWallet.

There is no doubt that traditional high street banks are facing increasing pressures to stay relevant in the face of this mounting pressure from the wave of new challengers.

E-Wallets are here to stay and those that fail to adjust and offer it as a legitimate payment method will see themselves looking on from the outside.

In a cluttered environment, the ability to offer E-wallet payments is crucial

When it comes to casino choice, the options are plentiful and there are now so many things that people look for when it comes to finding the perfect casino destination. Things that are considered are what type of welcome bonus is on offer, how many games can be played and of course what is scrutinised is what payment methods are accepted.

Due to the speeds to make deposits and withdrawals, eWallet payments are a crucial part in deciding whether a casino can attract new players or not. Casinos that fail to offer customers eWallet options could come back to haunt them.

The negatives of E-Wallets

Not every type of eWallet will be accepted

Although eWallets have become a financial fixture, not every eWallet will be accepted by online casinos. Therefore for some players there could be frustration that the wallet they want to deposit and withdraw funds from isn’t accepted.

Online casinos need to do their due diligence. The most important element of running an online casino is that they keep their players safe from financial fraud. If casinos choose to operate with eWallet services that aren’t approved by the relevant financial authorities, there is a chance that they could be putting their customers at severe risk.

Some eWallets may encounter fees

Although it isn’t widely common, there could be some casinos that charge withdrawal or deposit fees for eWallet usage. This often isn’t immediately clear so before wanting to place a deposit, you might need to do some research to ensure your eWallet of choice doesn’t charge you any hidden fees that you weren’t expecting.

Some eWallets can’t be used for bonuses

When it comes to choosing a new online casino to play in, often it is the type of welcome bonus that is offered that can sway it. However, when you look into the detail, there are instances where bonuses can’t be used with eWallet deposits.

This can be a bit of a setback especially if you are new to the world of onine casinos and want to explore gaming further.

To ensure you can participate in any welcome bonuses, make sure you look at all of the fine print before completing that initial deposit.