Alternative Banking Methods
We’ve touched briefly on alternative banking methods, but let’s take a closer look at them.
PayPal is the most popular alternative to card payments for online gamblers. As an e-wallet, PayPal allows users to make fast withdrawals when the option’s available, as well as having among the highest limits on deposits and withdrawals of any online casino payment method. PayPal users can link several bank accounts to one wallet, meaning you can transfer money easily between accounts quickly and easily.
Another e-wallet service, Neteller offers the same benefits as PayPal but comes with the added bonus of Net+ –– a prepaid Mastercard that can be used online or in-store at any outlet that accepts Mastercard. Net+ let’s you spend your casino winnings wherever you like, and the cards come in both a virtual and material form. While there are no fees for using Net+, depositing money into your Neteller account will incur a 2.5% transaction fee.
As the name suggests, Paysafecard is an e-wallet service that prides itself on security. If you decide to purchase a Paysafecard from one of the hundreds of outlets offering them worldwide, you’ll initially receive a unique PIN, followed by a 16-digit code. Your first transaction will be made with this code, and from then on payments can be made safely via a username and password.
Paysafecard also offers a prepaid Mastercard service, which can be used at any Mastercard payment system, or to upload funds into your online casino account.
Pay by Mobile
A number of pay by mobile options – such as Boku and Siru – have gained prominence in recent years, offering users an extra degree of convenience at gambling sites. With a pay by mobile service, your network mobile provider picks up your tab, paying for your bet on your behalf before charging it to your monthly network bill.
All you need at the checkout is a phone number that’s linked to an active mobile contract. If this sounds like the payment option for you, bear in mind that there are strict limits on deposits, and that mobile phone operators don’t have the capacity to process withdrawals.