You have found yourself an appealing online casino to dive into the exciting entertainment world. Before you can start your fun you need to find a secure and easy payment method for betting. The option to choose from a wide range of payment methods can be a bit confusing at first, so doing some research is probably a good idea. This article will give you an insight into one of these options, which is an e-wallet. This type of service is offered by many companies as e-wallets are becoming more and more popular. They are easy to use, low-cost, and make transactions happen faster than ever. Below is a simple explanation of what an e-wallet is and the benefits of using one in online casinos.
What is an E-wallet?
E-wallet (electronic wallet) is a digital version of a payment card that you can use to make transactions, store funds, or as a link between your bank account and a service provider (for example an online casino). Examples of popular e-wallets are Paypal, Neteller, Skrill, and Worldpay. Neteller and Skrill are supported by most online casinos and bookmakers. E-wallet will keep your gambling activity hidden from your bank statement as well as your bank account details private from the service operator. Following are some of the other benefits of choosing an e-wallet for your transactions.
10 benefits of using an E-wallet in online casinos
- Guaranteed security
Having your funds stored in an e-wallet is safer than carrying cash or credit cards. Physical things can be stolen, but an e-wallet locks your information with a password or biometrics. Every transaction you make requires an input of PIN or biometric authorization to make the payment. You will have access from any connected device.
- No additional fees
Transactions that are processed through an e-wallet do not usually require any additional fees.
- Fast transactions
Gambling in an online casino means you need to use your money right at that moment, that’s exactly why an e-wallet is a perfect option. With extra security and privacy, it is better than using a credit card, and sometimes even faster too. With only a few clicks transactions are instantly processed.
- Operating internationally
The best online casinos are often international. E-wallets are a convenient solution as they operate internationally, with no issues with the origin of your bank.
- Budget tracking
E-wallet helps you track your spendings easily, some even provide reports of specific categories of spending. You can also fix a budget so there is no way you can go over your limits while gambling.
- Added privacy
As mentioned before, e-wallets provide privacy by not showing your gambling activity on your bank statement. As a third-party provider, your bank account details are protected from the casino and you can almost stay anonymous.
“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” — Johann Wolfgang von Goethe