Online Payment Methods – Which One Suits You?
Posted on 2016-06-30 by Sean Williamson
Online payment methods can be a minefield when it comes to online gaming. Here’s a rundown of the most popular online payment methods so you can make that all important informed decision before getting stuck in and having some fun.
Method No.1: Debit Card
Debit cards allow cardholders to electronically access their bank account to pay for goods and services, such as depositing at a casino. The value is automatically deducted from the customer’s bank account and can make it easier to keep track of your spending. Spending limits can also be arranged making it impossible to overspend.
Method No.2: Credit Card
Most online casino customers should also have access to credit cards such as Mastercard, Visa and American Express. However, where credit cards and debit cards differ is when paying by credit card you accrue a balance of debt on which interest is charged. Failing to pay off credit cards can lead to individuals building up a large amount of debt if spending is not controlled.
Method No.3: E-Wallet
E-wallets are a payment method that is used exclusively online for e-commerce transactions. These are now the leading payment method for online gaming as they cut out the banks while also ensuring none of your private information is shared with online gambling vendors.
Which is Best for You?
Although credit cards are the most convenient method, e-wallets and debit cards are an easier and safer way to manage your spending. However, when choosing which of the three options is best for you, always check up on deposit methods used at your chosen online gaming operator and the laws of the country in which you live, as this can make a real difference.
Casinoapp.com is an excellent resource for finding out about other players’ experiences and is a great platform for you to ask your own questions about which payment method to use.