A number of integral elements determine the quality of the mobile casino experience, including games, software, device compatibility, bonuses, and promotions. However, banking is one area that can often be overlooked by players, and this is a bad idea because your online financial security should be of the utmost importance. Here is why…
Why E-wallets Are Important
Even when used safely, a credit card will require you to enter your financial information over and over again. And if you are not doing this, then that means you have saved your payment details with a website. But that’s a bad idea because you might end up saving your details with a whole bunch of sites, any of which could end up being hacked.
The most common e-wallet examples include Neteller, PayPal, and Skrill, and these work by linking directly to your credit card or bank account. After creating the link, you have given permission for the e-wallet to process payments and withdraw funds to your credit card or bank account.
With an e-wallet, you only have to enter your payment information once. Not only does this save you time in online transactions, but also it minimises the exposure of your financial details on the web. E-wallets create a shield to process your payments securely.
How E-wallets Differ from Other Methods
The first major difference is the repetitive submission of information. Quite simply, e-wallets only require you to enter it once. This is much safer and will cut out those tedious moments where you have to fill out multiple fields of information.
Credit card operators have not been oblivious to the growing need for safe payment methods. As such, they have set up extra security layers such as Verified by VISA and MasterCard SecureCode, both of which require users to enter a special password to give final approval to their transactions.
The next method worth considering is the e-voucher, of which two popular examples include Ukash and paysafecard. These work by providing you with a pin-code in exchange for real money. The code is later entered with online vendors in exchange for digital currency. A limitation, however, is that many mobile casinos do not permit e-voucher withdrawals.
Payment Methods Summary
For your convenience, we have summarised four of the most effective mobile casino banking methods plus how they work and where you can use them:
|Payment Method||How Does it Work?||Where Can I Use it?|
|PayPal||Link a credit card or bank account to your PayPal account. Process payments and make withdrawals without resubmitting information.||Casino.com|
|Ukash||Buy a Ukash pin-code and then exchange it for virtual currency with a mobile casino. Most casinos won’t allow Ukash withdrawals.||VIP Club Casino|
|Phone bill||Charge casino deposits to your monthly mobile phone bill. Payment will not be required until your next phone bill.||mFortune|
|Neteller||Create a link between your credit card or bank account and your Neteller account. Neteller is more commonly accepted than PayPal at casinos.||Guts Casino|
Conclusion on Payment Methods
Each of the mobile casino payment methods in this special feature has its own merits. However, some are slightly better than others when you compare them. When it comes to safety, PayPal and Neteller are very similar because they function as e-wallets and provide a safety barrier between your credit card or bank account and an online casino.
Meanwhile, Ukash is safe because you submit a pin-code in exchange for virtual currency. But the safety benefits are lost if you pay for a Ukash code online with a credit card. Phone bills are very safe for security, but there is a risk that you will lose track of your spending. For safety, Neteller and PayPal are the joint-winners.
The next consideration is for mobile-friendliness, and that would have to be phone bill payment because you don’t have to enter user information for processing payments. E-wallets and e-vouchers both require you to enter more information.
The final factor is the most important because it covers how common the payment methods are. For instance, while PayPal is the most common e-wallet across much of the web, Neteller is far more prevalent in the online casino industry. As a result, you will have a greater selection of sites to choose from. Ukash and phone bill payments are also much less common than Neteller.