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The gaming world has seen huge changes over its relatively short history. Beyond the technological, one of the biggest shifts has been the business model used by the industry as a whole. Whereas once developers sold console and PC games for a relatively high price, free games have become far more widespread. Some rely on in-game ads to raise revenue, others on in-game purchases. Many use both.
Free games that rely on players spending money once they have started playing, therefore, need to offer convenient methods of payment. So step forward the ever-increasing numbers of e-wallets available. Easy and convenient to use, there are plenty to choose from, all offering distinct benefits over other types of payment methods.
The advantages of an e-wallet
There are four key advantages to using an e-wallet. These are:
Increased security
They use something called tokenisation. This replaces sensitive personal information like account numbers with tokens that are unique. So even if there’s a security breach the user’s information is secure. This is one of the reasons that online casino sites offer a wide number of e-wallet options. Take a look at the online casino review site Bonusfinder UK and you’ll see that each one offers an average of six different e-wallet options.
Saved payment information
Once you’ve stored your details in an e-wallet there’s no need to ever enter them again, This makes the checkout process fast and efficient. When you’re in the middle of a game, this means the flow is hardly interrupted while you make your payment.
Single-click payments
Because you generally only have to click on a single “pay-now” button there’s no need to enter any additional information such as the three digit security number that features on all debit and credit cards. Again, this saves time when you could be gaming.
Use across different devices
Once an e-wallet has been set up it can be used across any number of different devices from PCs to phones and tablets. With more people playing games on mobiles than ever before, this can prove very useful indeed.
4 of the best e-wallets to use
While there are countless e-wallets out there, it’s best to stick with the best-known and most popular ones, including these our.
PayPal
The history of PayPal is a long one. It started out as a simple method of paying online and has become the best-known digital wallet in the world today. It’s used by around 435 million people worldwide and, once you’ve downloaded the app, it offers a number of other features including budgeting tools and even access to loans. It’s extra secure with two-factor authentication and sophisticated encryption technology and now even includes cryptocurrency purchases.
At a glance …
Pros:
- Easy to use
- Fast registration
- Highly secure
- Free for basic usage
Con
- Relatively low transaction speeds
Apple Pay
According to stats released by Apple in 2023 there are nearly 56 million users of this particular e-wallet. Developed for use exclusively on Apple devices, it’s available in over 20 countries around the world. It’s super-secure as it relies on biometrics for authentication and can be used for both in-store and online payments, depending on need.
At a glance . . .
Pros
- Makes paying simple
- Offers a high level of security
- Keeps personal data private
- No fees to pay
Con
- Only compatible with Apple devices
Zelle
Zelle is a great choice for anyone who wants to be sure of fast and hassle-free payments. It’s owned by a number of major US banks so you can be sure that it’s safe and secure. The fact that it also has around 67 million users worldwide shows just how many people trust it for their transactions.
One of its particularly strong points is that it has a very easy-to-use and intuitive phone app that makes is especially quick and convenient.
At a glance . . .
Pros
- Quick transactions with funds transferred in minutes
- Most transactions are fee-free
- Integrates with a wide number of banks
Con
- Relatively limited international support
Skrill
Skrill is particularly popular with the online casino and gambling sectors thanks to its high security measures and ease of use. It’s trusted by more than 120,000 merchants and 40 million users across the world. An added advantage is that it also offers a prepaid Mastercard for use in retail and other environments.
At a glance . . .
Pros
- Widely accepted around the world
- Extra secure with two-factor authentication
- Supports multiple currencies
Con
- Some transactions will involve fees
There are many others we could mention including G-Pay, Venmo and Amazon Pay. All of these have their strengths. But none offer quite as complete a package as the four outlined here.
Choose any one of them and you’ll be sure to be able to transact smoothly and safely when you’re gaming. And who could ask for more than that?
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