Gaming online has picked up much traction of the last couple of years. Today, online payments have followed this trend and there are many different ways for players to pay and receive money online.
The choice of any particular method is not dictated by most gaming platforms. With more choices hitting the market, players do have the ability to choose whatever payment option which is convenient. Here is a quick look at some key points surrounding online payment options available today to help you understand this market.
There no best option for everyone, however for casino players Bitcoin looks more attractive.
Paypal vs Bitcoin
|Security||Targeted by phishing emails and all info about bank and credit card details can be compromised.||No Databases, no leakage. Encrypted Wallets for more safety.||Bitcoin|
|For Players||PayPal has a chargeback policy, providing large advantage and protection for customers.||Easliy to manage funds.||PayPal|
|For Casinos||Funds can be frozen and payments can be blocked.||Advantage for merchants is that Bitcoin does not support chargebacks.||Bitcoin|
|Anonymity||No anonymity at all||100% Anonymity||Bitcoin|
Secure deposit choices for high rollers (big spenders)
It is no secret that big spenders in the online gaming market keep the economy going. The industry has grown tremendously because of online casino high-rollers and the future is definitely bright. Figures have shown that the online gaming industry continues to gain a lot of power because of such players.
Spending lots of money online comes with concerns when it comes to the security of cash. Big spenders online, thus, have a keen interest in any developments in the digital payments market as they are invested in the security of their money. As much as these big money gamblers also gain from many attractive bonuses online, the security of their deposits is a concern that will not fade easily.
Some key deposit options when it comes to safety
Online gamers today have a multitude of informational sites when it comes to matters concerning gameplay. There are literally hundreds and thousands of sites targeting gamers with great tools for analysis. This, however, is not the case with information on deposits. Many sites in this regard cannot be trusted because of high rates of scamming. Independent opinions also make it difficult to properly select prospective sites.
A number of digital payment platforms have been the first choice for big spenders of late. These e-wallet sites have provided convenience and efficiency that most high-rollers have come to appreciate. They have simplified the processes of withdrawing and making deposits while allowing infinite transactions at any time. The security of the platforms has also made them quite likeable, not to mention the lack of multiple charges when performing transactions.
Many online gamers want to have a foolproof way of managing their finances. E-wallet platforms, such as Paypal, Skrill and Neteller have made this particular aspect possible due to their flexibility. Indeed, having to do operations like performing transactions successfully and also engaging in gameplay on the same digital platform has helped gamers achieve their goals. On the other Side, Bitcoin is something completely new and gives such anonymity which no deposit option any had.
The Bitcoin option
Various developments surrounding this crypto-currency have worked in its favour as the preferred method of making gambling deposits. First, it has become far more transparent and a number of regulations have increased its security standing. Because of these developments, Bitcoin has experienced a boost and it has finally come off as the primary platform for the gaming market. Investors have also gained the confidence to put their money in the platform and the growth appears to be headed north.
There is no doubt that protecting the privacy of its clients is the main objective of Bitcoin. The crypto-currency is designed to be anonymous. This means that regular high-rollers do not have to worry about the privacy of online activities with Bitcoin, especially if they feel that such privacy is paramount.
What online casino accepts Bitcoin?
There are a lot of online Casinos who allow players to use Bitcoin as a deposit option. Among them, the most popularity gain such called hybrid software casinos. Such casinos have a mix of different software providers like NetEnt, Microgaming, Playtech etc.
There even such providers who accept ONLY Bitcoins. Such websites are pure Bitcoin Casinos.
The Paypal option
What online casino accepts PayPal?
There are now a lot of online Casinos who are accepting PayPal. The most popular are new Microgaming Casinos, however, a lot of new Playtech Casinos starting to accept PayPal deposits and even withdrawals.
To sum it up
The dominance of e-wallets and Bitcoin in the online gaming and gambling market is a reflection of a trend that is expected to persist in the near future. While there are benefits and shortcoming of using either of these two methods, it is prudent to say that the Bitcoin option is much better overall for big spenders. The most probable reason why the older e-wallet option could be preferred over Bitcoin would be because of its reach.