Digital wallets are a perfect alternative to traditional online payment options, and they are now commonly accepted at online casinos. Here, you can find out what makes digital wallets preferable to online casino players.
What is a digital wallet?
A digital wallet is a modern way to pay for things on websites. Digital wallets can also now be used to pay for things in the real world, like bus, plane and train tickets, uber/taxi rides, your bill at a restaurant, and so much more.
They are described as Alternative Payment Methods (APMs) because they offer an alternative way to pay for goods and services, as opposed to traditional payment methods, such as physical cash (cheques, paper notes, coins), credit cards and debit cards. In addition to being able to pay for goods and services, some digital wallets can also be used to send and receive money anywhere on the planet.
For example, if you want to send money to your friend on the other side of the world, you could use a digital wallet, such as PayPal, to send money to that person instantly (provided that person also has a PayPal account).
Can I use a digital wallet to deposit and withdraw at casino sites?
Yes. For example, the Skrill digital wallet can be used at skrill casino sites. In other words, the Skrill digital wallet can be used at any online casino that accepts Skrill. Where Skrill is accepted, you can also generally find that several other popular digital wallets, such as PayPal and NETELLER, are generally accepted.
What other popular digital wallets are there today?
In addition to the Skrill, PayPal and NETELLER digital wallets, online casino players can also choose from numerous other reliable, secure, and convenient digital wallets to deposit into their favourite online casino. The good news is that all of these digital wallets can also be used to withdraw your winnings when the time comes.
Some of the other most popular digital wallets that you can also now use at many online casinos are the following tried and tested methods:
- Apple Pay
- Samsung Pay
There are lots of other digital wallets to choose from today, but some are more widely accepted than others. The other thing that you must be aware of is that players from some countries may have access to one kind of digital wallet, and that same digital wallet may not be available to players in another country.
What makes digital wallets preferable to players?
Digital wallets are known for being more secure than traditional payments. They are known for processing deposits in the blink of an eye. They are super convenient, and they are really easy to use, which is why so many millions of online casino players around the world now prefer to use digital wallets.
Digital wallets are also known as e-Wallets/electronic wallets, web wallets or APMs (Alternative Payment Methods). They are free to sign up to, and many of them also come with loyalty rewards programs, whereby you can earn redeemable points each time you use your digital wallet. The points that you earn can then eventually be exchanged for real-world items and cold hard cash!