Playing casino games remotely for real money has been available worldwide for almost three decades. At the birth of this sphere, gambling sites only featured online slots and software-powered games and accepted credit/debit card and wire transfer payments. However, over time, this sphere has drastically developed at an ever-expanding pace that would put most industries to shame.
Today, Internet casino platforms boast varied arsenals of gaming products that include streaming dealer options, and they usually permit the use of multiple transaction choices. Anyone who has ever had so much as a passing interest in this entertainment form likely knows that payment processing is the backbone of this sphere, and it is an aspect of this pastime that can make or break the online gaming experience. The inception of this sector owed to Dublin-based CryptoLogic creating a subsidiary, WagerLogic, in 1995, which is the company responsible for creating the first financial transaction system used by the Web’s initial online gambling hub for users to withdraw money from casinos on the Internet. Moreover, this industry served as the driving force for the establishment of multiple now-famous payment methods used by millions worldwide, such as Skrill, Neteller, and Paysafecard.
Hence, these two arenas have an unbreakable link and have boosted each other over the years. In the subheadings below, we analyze five money transfer choices many Internet gamblers consider high-quality selections for anyone considering partaking in game-of-chance fun on their mobile phone, tablet, or desktop computer.
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Globally, Cash App is not a famed mobile payment service. Yet, in the US and UK, it is a predominant pick. In the United States, this method has a 20% market share in digital banking, and in 2022, it pulled in $10.6 billion in annual revenues, generating a net profit of $2.95 billion. Those figures are staggering compared to the numbers Cash App pulled in only a few years ago, as in 2018, the yearly revenues of this app stood at $400 million.
Online gamblers like Cash App because it delivers simplicity, allows fast on-the-go deposits, and accepts Bitcoin purchases. The latter is vital to many, allowing them to snag exclusive crypto registration deals that many renowned online casinos offer.
Neosurf is chiefly a prepaid payment solution launched as only such an option in 2004 with the ambition to make money transfer easy for gambling fanatics and hard-core gamers. Based in Paris, France, Neosurf is operational across eighty-two counties and boasts an enhanced KYC handshake that permits high-level data sharing compliant with most regulatory requirements. It has more than 1.3 million users worldwide, and an ever-growing number of US online casino lovers are adopting it as a prepaid choice that serves as a built-in responsible gambling tool.
Currently, Neosurf offers multiple products, such as a digital wallet app, vouchers, and digital cash. It has instant payout notifications and permits immediate Neosurf balance withdrawals.
As likely everyone knows, Bitcoin is the world’s first virtual currency, a digital coin transferred on its digital ledger called a blockchain, a technology that debuted in 2009. In the past fourteen years, Google claims that over twenty thousand cryptocurrencies have appeared, listing a total market capitalization of $1.1 trillion. Bitcoin remains the planet’s favored crypto, boasting a 49.6% market share and a market cap of $540,140,973,625.
All credible internationally licensed gaming hubs now list Bitcoin in their cashier tabs as a viable payment pick, and millions of gamblers utilize it because it facilitates transactions in an hour and has acceptable network fees.
When the topic of online casino payment methods comes up, Zelle is not a commonly-discussed option. That is so because, like Cash App, it is one that primarily caters to American gamblers. For the uninformed, this payment service is owned by Early Warning Services, a consortium of established US banks, such as Capital One, Wells Fargo, Bank of America, JPMorgan Chase, and many others. Therefore, Zelle’s trustworthiness should never be put in question.
The total value of transactions that went through the Zelle Network in 2022 came to 2.3 billion payments, whose value was somewhere in the neighborhood of $629 billion. It has a user base of around 61 million and is etching closer to its top competitor’s, Venmo, user pool of 77 million. Casino fans like Zelle because its app’s interface is super intuitive, supplies a fast service with low fees, and provides seamless integration with many gaming hubs.
Visa & MasterCard
Naturally, even though credit/debit cards are among the slowest online gambling transaction choices concerning withdrawals, they must be listed among the best due to their fraud protection, the convenience they deliver, and their wide accessibility.
Of course, Visa and MasterCard rank at the top of this pile and are options that gamblers worldwide use.
What Is the Best Casino Payment Method?
No one option suits everyone the best. Virtually all available choices have pros and cons. So, it is all a matter of preference.
What Is the Fastest Casino Payment Method?
That would be cryptocurrencies, as they facilitate transfers that range from an hour to seconds, depending on the coin selection and network congestion.
What Is the Best Prepaid Solution?
That honor would fall on Neosurf.
In truth, no single transaction option stands head and shoulders over the competition. For speed, gamblers would be wise to use cryptos, but casual ones who crave familiarity and security should sacrifice payment swiftness and opt for credit/debit cards.