Thanks to advancement in technology and more innovative solutions, there are several e-wallets you can use for online gambling today. However, the three most useful and popular ones are PayPal, Skrill and Neteller. In this detailed article, we will be talking about these three payment methods, their pros, cons as well as how to start using them at betting sites. Let’s dive right in.
PayPal is an online payments system that was established in 1998. It’s a safe and easy-to-use method that players can use to deposit and withdraw winnings at top online gambling sites. Several casinos that accept PayPal process payments instantly and do not charge any processing fees. To start using the payment option, you have to create an account with the operator. Click on the “Sign Up” button on the payment provider website, and it’ll take you to the registration page where you have to provide information such as your mobile number, name and email address. Once you submit the registration form, an activation link will be forwarded to your email address for activating your new PayPal account.
To use PayPal to fund your gambling account, you need to first add money to it via one of the payment options that the payment provider accepts. After that, head to your online casino, click on “Deposit” and choose PayPal as your deposit option. Impressively, when you use this option at most casinos, you qualify to receive deposit bonuses. You can check the legal terms section of the payment provider’s website for the fees that apply.
Established in 2001, Skrill has grown to become one of the most widely used digital wallets for making online payments and sending and receiving money. The payment provider supports over 40 different currencies, and several top gambling sites accept it as one of their primary banking options. As with Paypal, Skrill is not connected to users’ bank accounts, and it uses different security mechanisms to enhance the safety of customers’ money. In addition, online casinos that accept the method also secure their platform by using tools such as Secure Sockets Layer (SSL) and firewalls.
To start using the payment method at betting sites, you have to create a Skrill wallet. Visit the payment operator’s website and click on the “Register” button. This will redirect you to the registration page where you have to provide basic information. Once your wallet is set up and funded, you can then use it at a Skrill gambling site to deposit and withdraw winnings from your account. However, one main disadvantage of this banking method, is that it is not eligible for deposit bonuses at most betting sites.
Neteller is a reliable e-money transfer service for sending and receiving funds. Created in 1999, the payment solution is available in 103 different countries, and several gambling sites accept it for deposits and withdrawals. The banking option is super fast and safe to use. The payment provider uses the latest security features and anti-fraud tools to secure transactions.
To create a Neteller account, head over to the payment operator’s website and click on the “Join for free” button. After that, fill the registration form with your accurate details and activate your new wallet using the activation link sent to your email. You can then add money to your Neteller account and use it at gambling sites that accept the method. Note that the payment operator charges a 5% processing fee when you are funding your wallet. Withdrawal from your wallet via Bank Transfer also comes with a 10 USD processing fee.