How to choose payment systems: safe withdrawal in online casinos

How to choose payment systems: safe withdrawal in online casinos

One of the factors increasing the online casino demand is an efficient and safe payment system. Selecting a gambling platform, users wish to feel certain that they will be able to easily make a deposit and withdraw their winnings, thus a payment service should operate seamlessly.

Let’s figure out how to choose a payment system for gambling platform and what payment methods are popular now.

What is a payment system?

A payment system includes procedures allowing to transfer money from one person to another. In other words, the payment system is an intermediary enabling clients to remit money to the company for provided services or withdraw funds to their accounts.

Advantages of payment systems

Payment systems are a convenient way to transfer money from bank cards to electronic accounts.

Speed

Payment services allow customers to transfer funds immediately: a transaction is conducted faster than conventional cash remittances. The speed of transferring depends on the payment system. It can range between several seconds and 24 hours.

Security

Payment service providers ensure the safety of transfers and guarantee the full integrity of funds. Companies develop various anti-fraud solutions so that users will be confident of transaction security.

Availability

You can create an electronic account at any moment. What you need is just a gadget. A wallet can be opened in several minutes. Besides, users always have an access to electronic reports on where money is send and what sum is spent.

Payment system select criteria

Integrating payment systems into the online platform, its operator should take into account several aspects:

  • a simple withdrawal will attract a lot of users;

  • prompt payment processing is an advantage for both players and operators;

  • a high reputation of payment system enhances credibility to the platform;

  • demand for the system in the region where a casino operates will make platform user-friendly.

Payment systems on gambling websites

Click2Pay

This system allows to pay for goods and services in online shops and on gambling platforms.

Advantages:

  • easy-to-use;

  • quick transactions;

  • accessibility in foreign online casinos;

  • anonymous card: it is impossible to track withdrawals.

Neteller

The system is available in many countries. It helps to efficiently deposit and withdraw funds on the Internet.

Advantages:

  • high speed of operations;

  • simple depositing;

  • popularity among foreign online casinos;

  • has its own card – Net+.

Disadvantage: high fee during financial interactions.

EcoCard

EcoCard is a payment system with the high security level, which offers an e-wallet and a debit card.

Advantages:

  • multi-currency accounts with 23 different currencies;

  • rapid international remittances;

  • support of seven languages;

  • data privacy.

Entropay

This payment system belongs to VISA and provides a plastic card – Visa Entropay.

Advantages:

  • anonymity;

  • user-friendly features;

  • fast depositing.

Disadvantages include the high fee and the absence of Russian support.

Yandex.Money

Yandex.Money is a popular Russian payment service with simple functionality.

The system guarantees:

  • high security level;

  • anonymity;

  • high-quality maintenance;

  • availability in foreign online casinos;

  • quick payments.

Payments are conducted only in Russian rubles, while other currencies are converted according to the internally generated rate.

WebMoney

WebMoney is a popular service accessible on almost all gambling platforms for Russian players.

Advantages:

  • fast speed of transactions;

  • data confidentiality;

  • supported by many gambling platforms.

Disadvantage: high fee for deposits and withdrawals.

Ukash

Ukash offers clients to make payments using special electronic vouchers. They are frequently bought via other payment systems.

Advantages:

  • payments are carried out without bank cards and accounts;

  • withdrawal from gambling platforms;

  • a plastic card;

  • anonymity.

The only disadvantage of the system is a partial translation of the interface into Russian.

VISA

VISA is one of the most popular payment methods.

Advantages:

  • prompt operations;

  • high popularity among gambling platforms;

  • compatibility with the majority of global currencies.

Disadvantages: high fee and withdrawal limits on some platforms.

MasterCard

MasterCard is one of the oldest payment systems offering credit and debit cards.

Advantages:

  • availability in almost all online casinos;

  • simple transferring;

  • quick financial operations;

  • security.

MasterCard does not always allow to withdraw money, making people search for other ways to obtain winnings.

Maestro

Maestro, a system owned by MasterCard, offers debit bank cards and prepaid Maestro Cards with a certain independent sum.

Advantages:

  • rapid transactions;

  • usability;

  • prepaid cards;

  • supported by many online casinos.

Disadvantage: is unavailable on foreign gambling platforms.


Gambling experts will discuss online casino payment systems at Minsk iGaming Affiliate Conference.

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