Online video gaming was developed during the 1980s, and the first online casino followed suit in 1994, when it was established by Microgaming. These amazing breakthroughs broke the ice in the digital sphere and jump-started the world of internet gaming. Since then, this industry has continued to relentlessly climb the spiral of growth.
The popularity of video and iGaming platforms has been increasing constantly, mainly because many people use these games to combine entertainment with achieving financial gain. This is why the subject of online payment methods ranks among the most relevant ones for all aspiring players.
At the beginning of the modern digital era, the supply of payment options was scarce, and the security of players’ personal information was easily breachable. Some players were even scammed out of their money because hackers took advantage of their lack of knowledge regarding these novel technological developments.
Nowadays, this problem has been overcome almost fully — the online banking sector has evolved alongside the gaming industry to ensure that the security of players remains uncompromised and that their personal data is virtually unhackable.
Today, there are numerous payment methods allowing safe and secure transactions on the internet. Since the current supply of online banking options is so vast, players might experience difficulty when deciding which one to opt for. This is where we step in — to help players make a correct choice, we have compiled a list of the most reputable and well-established payment methods.
Read on if you want to learn more about the most popular online banking options and the features that set them apart from their competition.
Let’s start with the payment method you’ve almost certainly heard about — PayPal. It was established in 1998 as Confinity and went public in 2002 under its current name. The fact it was founded by the second richest man in the world, Elon Musk, only adds to its popularity.
PayPal is an e-wallet that allows all internet users to send and receive funds quickly and safely. One of the main reasons for its worldwide recognition is its ease of use — you only need to sign up with your email address and link your profile to your bank account/credit card to deposit or withdraw funds from wherever you see fit.
Another distinguishing feature is its impeccable level of maintenance — your banking information is safely encrypted, the dedicated staff works tirelessly to detect any irregularities, and customer support is available 24/7.
All of the advantages listed above are the reason why PayPal is the go-to banking option on most iGaming platforms. As a result, you can always see online casino real money PayPal offered as a payment method on gaming sites. On top of this, PayPal is also a widely accepted payment option for video gaming, so players can use it to buy new items via Steam.
Founded in 1999, Neteller is an e-wallet even older than PayPal. Since it is among the first online payment methods, it used to be the leading banking option during the early days of the iGaming industry.
Although it isn’t the top choice anymore, it is still an available payment option on most gambling sites. You can deposit and withdraw funds from online casinos safely using Neteller. With its special Net+ card, you can make secure transactions to and from your bank account.
Another veteran in the online banking industry, ecoPayz was founded in 2000. Back then, it went by the name ecoCard. With this e-wallet, you can send and receive money from anywhere in the world.
ecoPayz allows its users to make quick and secure deposits and withdrawals to and from online casinos without having to disclose valuable data, such as banking details and personal information. On top of this, if you want to increase your security further, you can use ecoPayz customized prepaid card — ecoCard.
This banking method is available in 173 countries and supports 46 different currencies. Naturally, it wouldn’t reach such worldwide acclaim if it didn’t hold itself to the highest standards.
Overall, this is a great payment option for all iGaming enthusiasts.
Although e-wallets are a tough competition to beat, this traditional payment method is still standing. Its practicality is the reason why it’s the top choice for many players. Namely, everyone is accustomed to bank cards, and most people own them. On top of this, you only need to enter your card data to complete your transactions.
That is why many people are willing to overlook the fees that come with online casino deposits and withdrawals. If you prefer simplicity over low transaction fees, this is a good payment option for you.
Due to its widespread use, this payment method is also readily available for all video gaming purposes, and many players use it to purchase special skins for their favorite games.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
We’ve seen a rise in social gaming sites over the years. These sites, which are…
The vaping industry continues to evolve, with product designs becoming more sophisticated and user-centric. Modern…
As digital landscapes evolve, more marketers, content creators, and businesses are asking, what is AI…
Today, small businesses have an incredible opportunity to grow beyond traditional means and reach new…
Online competitive games have long been a cultural phenomenon, drawing millions worldwide. From strategic block…
In a world where companies constantly strive to tap into new markets, they also face…
