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Best Payment Options for Online Gaming in 2020

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Back in the day, online gaming payment options were limited to debit cards, credit cards, and bank transfers. Needless to say, anyone with a card had a bank account, and casinos were ready to accept these transactions with no questions asked. Fast forward to today, and it’s a completely different story. With so many options available, it’s easy to get lost. In this article, we’ll cover the best payment methods for online gaming.

The Best Online Gaming Payment Methods

Thanks to advancements in technology, though, multiple payment methods have mushroomed to cover the ever-growing market that is the online gaming industry. Unsurprisingly, many options translate to a consumer base at a loss concerning the best of them all, and that’s where we come in. We’ve decided to focus on payment options that are tried and true, reliable, and accepted by most businesses all over the web.

Here are the payment methods you can never go wrong within the e-gaming industry.

Debit Cards

The saying “old is gold” has never rung more true than it does at this exact moment. Standing the test of time, debit cards have been a trusted partner for gamers since time immemorial. One thing that sets them apart from credit cards is that they allow cheaper transactions for both the player and the casino. Who doesn’t like minimizing their costs whenever they can? Specific to online gaming, credit card use has of late also been a contentious issue with some countries even considering a total ban. For this reason, debit cards are a safer option, even for the gambling man.

PayPal

E-wallets have carved out a respectable niche for themselves, but none has done that better than PayPal has. Reportedly, the platform boasts almost 200 million users across the globe, and the number is continuously growing. As such, casinos are increasingly adding this e-wallet as a payment option, and the company itself is easing its e-gaming restrictions to make this a fruitful venture. At the same time, we should mention that online casino PayPal withdrawal is only available to you if you used the platform to deposit your funds. Other than that, this web wallet offers a seamless user experience.

Skrill

For a long time since its inception, Skrill suffered from being in PayPal’s shadow. Fortunately, the platform has grown into its own and is a formidable e-wallet with millions of users. Unfortunately, some countries such as the US and Canada prohibit the use of Skrill for online gambling. Still, this wallet is an excellent choice where its use is legal, such as in the UK and Germany. Deposits via Skrill are as easy as transferring funds into your bank account, and payments are just as seamless. You only have to confirm your identity and voila!

Neteller

Neteller’s story is in many ways similar to that of Skrill, seeing as the two are products of the same company. For this very reason, these two e-wallets offer similar services, so it’s all a matter of preference. While most people tend to favor Skrill, Neteller is just as formidable. You don’t even have to own a bank account to enjoy the convenience this wallet offers. Sounds enticing enough, doesn’t it?

Final Thoughts

As we wrap this up, it is evident that there’s no shortage of online payment methods. Modern businesses offer more online payment options than ever. Each of them has its own benefits and fallbacks, so it’s up to you to pick the one that best suits your needs. The thing is, it would be in your best interest to choose one and stick with it. What is it that people say about too many sailors? And we don’t want your ship sinking.
 
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