Pilot Heidi Kennedy
Last Updated on:
Head of Casino Operations
Head of Casino Operations
Speciality: Casino and poker guides and strategies
Favourite Sports: NFL and baseball
Why hello again – and thank you for joining us on the latest training session here at PlayersBest!
For our latest mission through the gambling galaxy, I’ll be taking you through the different ways in which you can fuel your rocket’s engine before blastoff. In other words, you’ll find out everything there is to know regarding online betting payment methods.
In the modern era of space-age gambling, credit card betting sites still exist, but are quickly becoming outdated. These days, thanks to cutting-edge betting payment methods such as Neteller, Skrill and PayPal, you can now fuel your engine quicker and safer than ever before.
You don’t want to get left behind in the modern era of online gambling payment methods, so join me as we explore the vast galaxy of options available to you in 2021!
Above, I’ve alluded to the fact that fueling your gambling rocket with your credit or debit card is a little old fashioned. But why? Sure, it might seem like the easiest and most efficient way to get your betting account fully-funded and up-and-running. However, depositing into your betting account with your bank directly could ultimately be slower, more expensive and less secure. How? Allow me to explain in a little bit more detail below.
As the range of sportsbook deposit methods has quite literally skyrocketed into another stratosphere over the past decade or so, credit and debit card payments have been left behind. Processing times tend to be slower, particularly for withdrawals (sometimes up to seven whole business days), your payments are less private and you may incur more deposit and withdrawal fees.
I should point out here that the majority of gambling operators in our solar system won’t charge fees from their end for any of the betting deposit methods they offer. However, they are unable to guarantee that your bank won’t hit you at the other end. Additionally, some banks in the US won’t allow you to fund gambling accounts using their service, leaving you stuck back down on Earth.
If you decide to fuel the engine of your betting rocket with your bank account directly, you could be compromising your security and be leaving yourself open to drifting into an asteroid field of risk. Using your credit or debit card to fund your betting account requires you to input both your personal and financial details. This means that you’re sharing them with the merchant directly, and potentially risking them being released into the black hole that is the online world.
Fortunately, there are alternative online casino payment methods in today’s world that are far more secure and private. Moreover, they’ll process your deposits at the speed of light, meaning you can blast off into the gambling galaxy as quickly as possible. Below, I’ll tell you about a couple of the fastest, safest and most efficient payment methods available in the world today.
The best available alternative to funding your betting account directly using your bank account is to use a digital wallet, sometimes known as an e-wallet or digital payment service. With such services, you sign up to them and fund your account using your bank account. You can then use their service to make online purchases and fund your online betting accounts. Creating an account with most digital wallets is simple and can be done almost at the speed of light.
To put it simply, e-wallets are safer than online banking transactions because they don’t share your payment details with the merchant directly. You only share your personal and financial details with the e-wallet provider when you sign up. After that, it is they who fund your gambling account without sharing any of your sensitive information with them. You can think of them as a sort of middlemen in a sense.
Ultimately, this reduces your online paper trail and thus increases your safety when traversing the online universe. Your sensitive information never leaves the mothership, keeping you safe from online hackers and thieves.
The oldest and most widely recognized digital wallet in the known universe today is PayPal. In our casino guide, you’ll find that the majority of US betting sites will accept PayPal. However, being the oldest doesn’t necessarily make them the best.
Their position as the best known e-wallet brand on the planet, means that they take a higher percentage of transactions then their competitors. There are two main alternatives that specifically make bookmaker deposit options. Namely, these are Neteller and Skrill.
Neteller and Skrill are two of the most common and popular alternative online betting payment methods on planet Earth today. Both of these options provide digital wallet and e-transfer services that can be used to fund gambling and trading accounts, and also to make online purchases.
Neteller betting sites are generally cheaper than PayPal ones and slightly faster and more efficient than Skrill. On the other hand, Skrill betting sites are cheaper than both Neteller and PayPal, although not quite as high in the safety rankings. That being said, all digital wallets and e-transfer services are saer and more secure than any form of credit/debit card payments and online bank transfers. What PayPal, Neteller and Skrill can all offer is lighting-speed instant deposits and far quicker withdrawal times than almost all other payment methods.
As is the case with everything in the vast expanse of the known universe, there are a couple of pitfalls with Neteller and Skrill. However, we are pleased to inform you that the pros most definitely outweigh the cons with these payment methods.
The only real drawback with Neteller and Skrill is that some operators in the gambling galaxy have exempt them from bonuses. This has nothing to do with the fact that they reject the legitimacy of these payment methods – it’s simply a part of their money-laundering and bonus misuse protection scheme.
e-Wallets, credit/debit cards and online banking remain the most popular betting deposit methods to date. However, a relatively new solution has emerged that throws us back to the old school. Some of the more traditional earthling gamblers among you here today may remember a little old thing called “cash”.
Thanks to the launch of PayNearMe, you can actually fund your online betting account with cash. If you see PayNearMe among the bookmaker deposit options available, simply click on it to generate a QR code. You can then take this QR code to your local 7-Eleven, or another participating convenience store and pay to fund your betting account in cash.
Now, given the era of cutting-edge space-age technology in which we are all currently living, I understand fully that some of you may find cash payments a little old school. And you’re right – cash might be old school, but there’s no other payment method on the planet that’s more private and untraceable!
Before we wrap things up with this latest training and knowledge session, I’d like to give a quick mention to another commonly used payment method in the gambling galaxy – prepaid cards. The majority of sportsbooks and online casinos will offer them, with some even operating their own in-house.
Prepaid cards are easy to use and do exactly what they say on the tin – simply fuel them up in advance and use them to deposit into your betting account as and when you please with instant processing times.
The best advantage that Prepaid cards offer are instant, light-speed withdrawal. You do then, of course, have the task of withdrawing the money onward from the prepaid card back into your banking account. However, many prepaid cards do allow you to make everyday purchases as well as betting account payments.
And so, fellow cosmic explorers, we have almost come to the end of our latest training mission in the gambling galaxy. Just remember that when the time comes to fuel the engine of your betting rocket, there are a few main things you want to consider. Ultimately, what you’re looking to do is fund your account quickly, safely and cheaply. At the other end, instant fee-free withdrawals are also a bonus.
You might find that you have to compromise in some areas to get the best in others, but ultimately, it’s all about striking the right balance. Stick to our guide and you’ll be just fine! There’s a whole galaxy of online betting payment methods to explore out there, and you can find the best ones with us right here at PlayersBest.
Until next time my cosmic gambling comrades!