Online betting changed the way that punters were able to follow their favourite pastime. For the first time ever, people were able to go online from the comfort of their own homes and bet on their favourite sports. It’s proven to be a massive success, enough to overshadow even the land-based betting industry that once dominated. But other industries have kept up with the transition to an online world, including a wide range of payment facilities and companies that have made it easier than ever to send money over the internet safely and efficiently. For those that want to try out a new online banking method, these are the best worth considering.
PayPal
PayPal has made big waves since it was first introduced, and has become a standard for many people and businesses around the world. PayPal offers users the ability to load up their account with any amount of money, and then being able to link that PayPal account to their favourite online casino or sports betting site. What this means is seamless transactions that often go through instantly, and many sites may even offer extra benefits for using PayPal.
E-Wallets
Not dissimilar from PayPal, but with a much stronger approach toward privacy and security, e-wallets have become a favourite for punters or players of mobile pokies or other games that want to move money around the web without revealing any of their personal or financial details. There are many different e-wallets to choose from, and each offers their own pros and cons. For instance, a betting site might provide extra benefits to users that make use of Neteller, such as no transaction fees. On top of this, e-wallets also tend to be instantaneous in terms of how long it takes for funds to clear.
Visa and MasterCard
The two most common types of card-related services, both Visa and MasterCard are accepted internationally, and should be usable at most betting sites. These can come in either the form of a debit or credit card, but both work the same when it comes to sending or receiving cash. It should be noted that due to the way that cards work, which often involves using more than one bank at a time, these transactions can sometimes take a full week to complete. The advantages of using a card, however, is sheer convenient, as the user does not have to create any new accounts or send money to a third-party platform; instead they can simply plug in their card details and the transaction should take place automatically.
Prepaid Cards
Prepaid cards have seen a large growth in [popularity in recent years, often due to the fact that using a prepaid card is one of the easiest ways for a user to hide their identity. They can often be found at local shops, where the user can load a certain amount of money into it and use it a wide number of different internet sites. Prepaid cards provide maximum privacy, as there’s never any need to provide sensitive and personal information to a site that the punter wants to send money to.