These days everyone is making purchases online and therefore there are more online payment methods than ever before. However, in the online gaming sphere the Ewallet is forging ahead. That’s right-more and more online gamblers are bypassing the credit card and bank transfer deposits and turning to Ewallets.
For those of you that aren’t familiar with the term Ewallet, an Ewallet is sort of like an online bank account where you can store money and use this money to pay for goods and services on the Web. One of the most known and widely accepted Ewallet services is PayPal, although it is not the most common in online casinos. Popular Ewallets used to make payments in online casinos include Moneybookers, Neteller, Click2Pay, EWalletXpress and more.
Moneybookers, one of the most popular Ewallet services used by online casino gamers, opens more than 13,000 accounts with new customers each day and they have over 10 million customers! So what is it that is making Ewallets so popular amongst online gamblers?
One of the biggest reasons that online gamers are turning to Ewallets is because of convenience. Ewallets account for one of the few payment options that allows withdrawals as well as deposits. When you make a deposit using a credit card at most online casinos, for instance, you cannot withdraw funds to that credit card. You can only withdraw funds using an Ewallet, check or bank transfer at most online casinos. Check and bank transfers have waiting periods, as well as fees. Ewallets on the other hand are quick and cost efficient.
Customers also like Ewallets because of the security. When making your deposit at an online casino using an Ewallet you don’t have to provide the casino with any of your personal banking or credit card information. All of this information is on file with the trusted Ewallet service of your choice and you simply have to provide your user name and password to make your deposit or withdrawal.
If the trends in online casino payments are any indication of what the future holds then it looks like we are witnessing an Ewallet revolution on the Web. Before we know it, every online consumer will be using Moneybookers, Neteller or another Ewallet service.
