Lots of people love to play online slot games and gamble a little cash here and there, but to do that you’ll need to deposit some cash to pay. And guess what? Funding your online casino account is now easier than ever. These days there are various options to choose from to make payments into your favourite online casino.
Two options that regularly come up among players are the more modern e-wallets and mobile phone payments. Both are fast, safe, and simple, but which one should you pick? Well, that depends on a few intricate details. Let’s break it down so you can decide which fits your gaming style.
Why These Methods Are Taking Over
It shouldn’t be a surprise when you discover that more than 73% of Canadian online shoppers use mobile payment at least once a month, given that most people are always glued with their phones. This has made payment methods like e-wallets popular, thanks to its speed and ease of use.
You don’t need to stand up and go to the bank to process your payment but you can do that from the comfort of your home. Services like PayPal, Skrill, and Neteller are household names. The pay by phone casino canada option is also winning over players who like keeping things super simple, and secure since you won’t have to input any card details to make your transaction.
Why E-wallets Are Popular
Haruhiko Kuroda said “Fintech has the potential to make banking, lending, and payments more efficient and accessible to all.”
And that’s exactly what has happened. Think of e-wallets like a middleman, they store your bank account details and connect to the casino without revealing your information to them. You load money into your e-wallet, and from there, it goes straight to your gaming account. Some of their advantages include:
- Very fast deposits.
- Your bank details stay private.
- You can use them across multiple casinos.
They also work in different currencies, making them a great choice if you play on international sites.
The Simplicity of Mobile Casino Payments
The pay by phone casinos option lets you deposit by charging it to your mobile bill or deducting it from prepaid credit. No bank details. No extra forms.
Players love it because it’s perfect for quick top ups while playing. Besides, all you need is your phone number to start, given that it’s not tied to any bank account but a prepaid credit. Those battling gambling addiction may also use the built in daily or monthly limits to help them stay in control. Unfortunately, the phone bill method doesn’t support withdrawals. You’ll need a second method for that.
Which Should You Go For?
First, let’s establish that both payment types are safe when you use licensed casinos. If you want extra peace of mind, check the Financial Consumer Agency of Canada for advice on secure payments.
As Elon Musk once said, “The first step is to establish that something is possible, then probability will occur.” In other words, the technology for secure, instant payments is here, and it works. If you are most concerned with fast withdrawals, then go for e-wallets.
However if simplicity is your thing, then you may want to use mobile payments. You can also decide to go for pay by mobile if you want to limit your spending at online casinos because of its daily limit. You can even mix both options for flexibility.
Final Thoughts
Mobile casinos and e-wallets have different advantages. E-wallets are perfect for players who want speed and multiple currency options. Mobile payments are great for privacy and quick deposits.