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E-wallets – a guide about payment method

September 2, 2019 Posted in News, Payments by No Comments

E-wallets are a great way to get going if you’re looking into playing games at online casinos. They have a ton of benefits and they tend to just make life easier for players. Here’s some information about this approach and why it helps.

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Defenitions and Examples

There are many e-wallets out there, the most popular of which is definitely Paypal. An e-wallet is an approach to paying for online casinos that’s an alternative to credit or debit cards. They are growing really quickly these days in terms of popularity. The electronic wallet lets you store money digitally in order to deposit money where you want it to be used in a quick and reliable fashion. Other examples of e-wallets out there include Skrill, NETELLER, Click2Pay, ecoPayz, and Poli.

The best one for you will depend on your particular situation.

How It Works

The way it works is that you go to the wallet site and open an account there, following the instructions for the specific wallet. You open an account there and then connect bank accounts, credit cards, or whatever other methods you have for sourcing money. Then, you transfer funds from your sources to the wallet. Then, you go to the online casino site and access your wallet on the site. You can then move the funds from the wallet to the site. When you win, you can then withdraw funds back to the wallet, and then send it from the wallet to your other places such as a bank account, gaining money you can use yourself this way.


Many wallets due have fees attached to them, but these are often not very much, and they can be waived in certain circumstances. There are usually options for uploading that are free, such as if you’re getting it directly from a banking account, for example. Again, this will definitely vary significantly based on the situation and the particular company.

Benefits

One of the biggest benefits of wallets is that you get a lot of security with this option. These wallets often pride themselves on security and they will have a number of security options that other places may not have, such as credit cards or debit cards, especially when it comes to Internet sourcing. They are often also a lot faster and more flexible than other options. You can get the money to where you want it to go quickly and easily with no problems. You don’t have to memorize and put down huge strings of credit card numbers, for example. You just log in type in where you want everything to go, and the money flies wherever you want.


The other advantage is you get a bit more anonymity, which can be useful for online casinos if you’d rather keep your activities to yourself. It’s your money and your accounts, after all. Another big advantage you get here is that many of these wallets will allow for payment methods that aren’t as accepted at big banks. Crypto is a big one of these options. This can help with even greater anonymity since this is one of the reasons why crypto was created in the first place.

Paysafe is a company that owns a few other options like Skrill and Paysafecard, and these options are widely accepted by online casinos, especially Skrill.

Overall, e-wallets are by far one of the best options for funding your online casino activities for those who want to just get going and stay safe without a lot of hassle on top of it all.