Best and Most Secure Payment Methods for Online Gambling

Alex Alex 10 November 2022 Follow
Best and Most Secure Payment Methods for Online Gambling

It costs money to make money as an online gambler. You don’t have to spend a lot of cash. But you must fund your betting account before placing your first sports or casino bet.

Naturally, everyone wants to bet through a safe payment provider. This helps secure your data and money. A safe company can also protect you from scams. In light of that information, here are the most secure payment methods for online gambling:

Cash App

Cash App is one of the fastest-growing payment methods in North America. Last year, the company increased its profits by more than 200%--indicating a huge demand for its services.

Cash App is a peer-to-peer payment company that allows you to send and receive money from friends and family easily. It works just like most e-wallets—PayPal and Google Pay—meaning it’s safe and secure.

To expound more, Cash App uses SSL to encrypt your data. It’s also PCI-DSS compliant, a protocol major card companies use to keep their customers safe.

If you want to learn how to gamble online using Cash App, first install the app.

Then link your bank account or debit card. Of course, you also need to find a Cash App casino, preferably with a welcome bonus.

Transactions made through your debit card are instant. But if you use your bank balance, it may take more time to process your deposit.

Remember that you can deposit as low as $1 through Cash App. The maximum amount starts at $250 but can be increased once you verify your identity.

PayPal

PayPal needs no introduction. It’s one of the most popular e-wallets in the world. The company facilitates payments to 30M+ merchants thanks to its more than 250 million customers.

PayPal uses a series of technological features to keep you secure. This digital wallet uses SSL encryption to protect you from hackers. Then it empowers you with password protection and Two-Factor Authentication.

Additionally, PayPal supports chargebacks. If you ever get scammed online, you can ask for a refund. Another way PayPal protects you is through its One Touch feature.

One Touch keeps your data safe, so you don’t share your information with every website.

Google Pay

Google wanted a way for its customers to make payments through apps. So, it created Google Pay. Can you trust this contactless banking provider? You can, thanks to Google’s best in class security protocols.

Every Google Pay transaction is encrypted on both ends. That means hackers can’t steal your data while you’re making a payment. And they can’t also steal the funds once you send them to your recipient.

You need to link a credit or debit card to use Google Pay for casino payments. You can link multiple cards. But you can’t use this digital wallet without a card. That said, Google Pay is an accepted payment option at many gambling sites worldwide.

Also, Google Pay works on both android and iOS devices. And since it operates with global gambling sites, it’s relatively more convenient than its close competitor: Apple Pay.

Visa and MasterCard

When the online gambling industry started, it relied heavily on cards for payments. Many banks didn’t want to associate themselves with the industry. And e-wallets were not popular back then.

To this date, card payment providers like Visa and MasterCard are beloved payment options at nearly every casino. Truth be told, there are not many differences between these two companies.

Both Visa and MasterCard don’t charge you to deposit money to gambling websites. However, your local bank or credit card provider may charge you conversion fees.

Security-wise, both Visa and MasterCard are safe. They use multiple layers of security to keep you safe. For example, Visa uses biometrics and a series of questions to minimize fraud. On the other hand, MasterCard uses Secure Code for extra protection.

Bitcoin and Altcoins

Dubbed the future of banking, crypto had its best year in 2021. Bitcoin soared to an all-time high of $69,500. It has since corrected its price to sub $20,000 at the time of writing.

Although Bitcoin’s price has been on a decline, cryptocurrency is getting lots of attention from gambling websites. More and more casinos support crypto deposits for several valid reasons.

For starters, crypto is a safe way to transfer money. It follows a peer-to-peer system governed by a decentralized ledger known as the blockchain. No one can hack the blockchain, which keeps payments safe.

Security aside, crypto facilitates fast and low-cost transactions. In seconds, you could send as much as a billion dollars from the US to Australia. And you don’t have to pay a fortune in fees.

In the usual style, depositing money to a gambling site using crypto can earn you a bonus. You could earn a much bigger bonus compared to using FIAT cash. But as always, read bonus terms beforehand.

Skrill and Neteller

Skrill and Neteller come from the same company: Paysafe. They also share a history. They were both opened to serve the online gambling industry at a time when other banking methods shunned the industry.

Although there are many casino payment methods, Skrill and Neteller are still popular. Both digital wallets work through cards, meaning you need to link a card to enable transactions.

Like their competitors, Skrill and Neteller use HTTPS to protect their websites from unauthorized attackers. They also support passwords and Two-Factor Authentication.

If you’re considering using Skrill or Neteller for gambling payments, keep one thing in mind. You may not qualify for a bonus. Some gambling sites may not give you a bonus if you either payment method.

Skrill and Neteller used to have laxed account creation rules, which allowed some people to open multiple accounts to earn double bonuses. These days, the companies have tightened their rules, and some casinos give bonuses to Skrill and Neteller customers.

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