The electronic payment system, also known as e-cash, is a payment system introduced by the founder of eBay, which allowed people to transfer money from their bank accounts without having to use credit cards. This is an excellent method that gives players the choice to Canadian online casino for real moneyother than using a credit or debit card to make a deposit.
There are many online casino payment methods you can use to deposit and withdraw money from your player account. The most popular include the following:
- Credit/debit cards
- Bank transfers
- Bank transfer
- E-wallet payment systems
Over the next few years, the system was improved and improved by many software developers and programmers to become more user-friendly and accessible to online casino players. Thus was born an electronic wallet. It didn’t take too long before we started seeing this payment solution in online casinos. Since then, there has been no turning back! Players around the world have embraced this useful new method of making deposits online.
Quick and free to use
Depositing money into an e-wallet account is as easy as sending cash or a check in the mail, with no secret codes or complicated procedures. It is important for players to know that they can simply register with an e-wallet service provider, log into their account and send money to any online casino that accepts this mode of payment. specific payment. In most cases, the process is completed within minutes, after which players can start playing with their real money!
It should be noted that when banking through an e-wallet, all deposits are instant, which means that your money is converted into credits in real time. This allows you to play the games without having to wait for transaction approval times.
Withdrawals are processed through the same system. All you have to do is select a withdrawal method and provide your e-wallet account details, which is a different process from filling in forms online or going through long queues at banks. Once the casino has confirmed all the information provided, it will transfer your money to your e-wallet account within 24 hours, depending on the processing method you have chosen.
The benefits of using e-wallets
Instant deposits and money transfers to your account (in most cases). No sharing of personal information with casinos means no risk of identity theft or credit card fraud. Your accounts are protected by strong encryption services. The money in your e-wallet is linked to your bank account, which means an extra layer of security for you. Most e-wallet providers are well-known organizations with a strong web presence.
There are many advantages to using e-wallets, but there are also some disadvantages. For example, all transactions go through a third-party service that charges a fee for every deposit and withdrawal made on the website. There are also countries where the use of e-wallets is not permitted. Players are therefore advised to check the list of accepted deposit methods before registering at an online casino.
Once this minor inconvenience is over, there is no doubt that an e-wallet is among the best deposit and withdrawal methods for online casino players. It’s fast, easy and gives you a reliable way to make deposits when playing online casino games.
A safe way to make deposits and withdrawals
To ensure the security of transactions between online casinos and e-wallet companies, many regulations and measures have been put in place. The biggest advantage of using an e-wallet when playing at online casinos is that it gives players the power to carefully control their bankroll. For example, if a player wants to withdraw $100 from their account, they can simply send that amount to their e-wallet and they can withdraw it as they wish, whether in $10 or $100 increments.
It should also be noted that players can use their e-wallets at different online casinos and play with the same money without having to worry about transferring funds from one account to another. It is important for players to do some research on the e-wallets they use and the casinos that support these specific payment options. This will ensure that your winnings are not delayed or lost in processing time due to a failed transaction.
For security reasons, players should always use different e-wallets to deposit and withdraw funds. That way, whatever the outcome of a transaction, whether it’s a failed payment or funds being held by casinos, you at least have one more option to withdraw your money if something goes wrong. on the first attempt. Many online casinos allow players to choose whether they want their winnings/deposits sent directly to their bank accounts or transferred to an e-wallet.
Why e-wallets make sense for online casinos
Platforms such as PayPal, Skrill and Neteller are well-known and trusted companies in the online casino industry, meaning players can deposit their money knowing it will be safe and secure. won’t be lost by scammers or identity thieves. Additionally, e-wallets are known to have faster transactions, which is a big advantage when playing casino games online.
In the case of Skrill and Neteller, deposits to your e-wallet account can be made in seconds while the money can take a few days to reach your bank account. Additionally, ATMs in regions where these e-wallets are commonly used are also accessible, meaning players can easily withdraw their winnings whenever they want. However, it should be noted that just because an e-wallet is accepted at a certain online casino does not mean that your country or region allows you to use that platform.
The downside of using an e-wallet is the fees involved, which are often higher than when using a credit card. It is always advisable to check and compare the fees and charges of different e-wallet providers before selecting one so that you can get the best deals for yourself.
Using an e-wallet when withdrawing winnings is also very easy and is done just like depositing cash into your account, which means no bank transfers or checks are involved. All you need to do is log in to your e-wallet account, select the withdrawal method and complete a few additional details or confirmations. Once done, you will receive an email from the casino notifying you that they have transferred funds to your bank account.