Since the objective of gambling at online casinos is to make money, transactions are an indispensable part of it. All deposits and winnings are made and collected using online payment gateways or e-wallets.
With the increased rate of online gambling, it is of utmost importance to protect a player’s personal and financial information online. For an advanced security system regarding payments, e-wallets were put to use. You may be familiar with credit cards and debit cards, but you may wonder what an e-wallet is. An e-wallet is a form of electronic or digitized cash that can be used to make transactions or purchases online with the help of a smartphone or computer system. It uses high-quality security systems that electronic devices of today’s world use viz. fingerprint scanner, pattern scanner, PIN and One Time Passwords.
Using e-wallets, you can keep unethical hackers and online malware away from messing with your online transactions.
E-Wallets in Online Casinos
Online casinos have started incorporating e-wallets into their payment methods as they have noticed the shift in the modes of payment these days. Apart from the usual banking systems, which include net banking and cards, e-wallets have successfully emerged as the most secure form of making payments online.There are several popular e-wallets that most online gambling websites make use of. They are Neteller, Skrill, PayPal, and EcoPayz.
Being found in 1999, Neteller is possibly the most widely used e-wallet being responsible for over 80% of the online transactions in Europe. Most of these online transactions are to sports betting websites and online wagering sites
Neteller: The Leading E-Wallet
As mentioned earlier, Neteller has been around since 1999 and has grown into a full-grown payment system most functional in the United Kingdom. Even though it has been initially a Canada-based company, Neteller is responsible for the maximum number of online transactions that take place in the United Kingdom.
With the emergence of newer e-wallets, Neteller has taken a backseat, but it continues to function as one of the top-most in the list of widely used e-wallets.
Neteller imposes a charge of 3.9% on deposits made by credit and debit cards and no fees on electronic transfer of money to your bank account.
Neteller is used in over 200 countries, which indicates the fact that it is appreciated for its security systems that make use of 128-bit encryption to protect user information.
Neteller, being one of the oldest and trustworthy e-wallet systems, is the best for e-wallet transactions on online casinos. It offers regular discounts and keeps your information safe by encrypting them. Use the Neteller payment gateway for added security while gambling online.