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Recent Changes in Payment Methods for Online Casinos and What They Mean for You
by , 2 October 2020 at 11:25 pm (2158 Views)
In recent years, online payment methods have developed at a rapid place, and there have been a lot of changes in not only the way we pay for goods and services online, but the ways we can deposit money at online casinos, too. These methods are getting more and more sophisticated, as [URL="https://www.digipay.guru/blog/top-digital-payment-trends/"][U]DigiPay outlined in their recent article[/U][/URL].
To help you know what’s available to you, here’s a quick-start guide to current available casino payment methods.
[B][B]Wire Transfers [/B][/B]
Wire transfers have been around since banking first went digital, but it’s taken some time for them to come to all online casinos for all territories. While there are still some casinos dragging their feet, 24K Casino introduced it for a number of major European countries back at the end of March 2020, and other casinos are following suit.
[B][B]Credit Cards [/B][/B]
In April 2020, the UK Gambling Commission banned the use of credit cards for gambling, after studies found that 22% of “problem” gamblers used credit cards. [URL="https://focusgn.com/germany-online-casinos-credit-card"][U]Germany followed at the end of May[/U][/URL], with many other countries following suit.
[B][B]Cryptocurrencies [/B][/B]
Some casinos are now starting to accept payments from cryptocurrency wallets. Cryptocurrencies have only just started to take off, so we’ll likely see the number of casinos accepting bitcoin and other cryptocurrencies grow in the future.
[B][B]Amazon Pay [/B][/B]
Amazon Pay is likely to come soon, but as of the time of writing, Amazon Pay still isn’t possible for German gamblers, and many other markets. Click here to find out more about if there are [URL="https://www.casino.com.de/zahlungsmethoden/amazon-pay"][U]Amazon Pay Casinos[/U][/URL] available for you.
[B][B]MuchBetter Gaming Wallet [/B][/B]
In 2018, one of the biggest online casinos 888.com made the switch to MuchBetter Gaming for their global payments. MuchBetter is one of the most popular choices for online casino payment options for worldwide payments, and it’s gradually increasing better security options, [URL="https://www.gpwa.org/article/888-com-chooses-muchbetter-gaming-wallet-as-new-global-payment-option-226563"][U]such as biometrics[/U][/URL].
[B][B]Cash Cards [/B][/B]
Most online gambling wallets now offer European players wallets with a physical card they can use in any ATM – and often at other payment points – so they can have instant access to their winnings. With so many online casinos offering 3+ day withdrawal processing times, these cards can be one of the best ways to access winnings fast. Neteller, Skrill, EcoCard, and other wallets all offer this.
[B][B]Apple Pay [/B][/B]
Apple Pay is now available at some casinos, online and offline, though it is not yet widespread. This is expected to change in coming years.
[B][B]PayPal [/B][/B]
PayPal is still a viable option for almost any country and casino that is offered it, though not for Germany. PayPal does not allow transactions for German casinos, after an injunction was served by the government in late 2019. Whether this will ever change or not is up for debate, but for now German players will have to use other time-tested payment processors. Thankfully, there are plenty.
While payment methods and the security they provide will change and evolve in the future, a simple card payment with a debit card will always be the easiest way to do so. Of course, the additional security provided by online wallets is an attractive proposition, especially if you want to be able to access your cash faster than bank transfers are typically from online casinos.


