17th February 2019
Playing at online casinos requires real money which you can transfer to the casino account through a variety of payment methods including Visa card, credit card or PayPal. However, the most popular and the most highly recommended mode of depositing money to play at new online casinos is through online wallets.
E-wallets, as they are better known as, are basically online prepaid accounts to which you can transfer money directly from your bank account. When you create an e-wallet account, you will be asked to enter your financial details such as the credit card that you want to link to the wallet. These details will then be securely saved for all future transactions.
The money that you load on to the online wallet from your bank account or your credit card can then be directly used to make payments for playing any game at online casinos. Any winnings that you get at the casinos will also be deposited into the e-wallet itself which you can then withdraw at your convenience.
There are a number of reasons why almost all the online casino players recommend online wallets.
Online wallets are known to be very secure. However, you must keep in mind the fact that the security of the wallets depends on the strength of your user ID and password. When you create an online wallet, you will be required to verify the bank details which may even take up to a day or two in some cases.
You will also have to set a security question which comprises of a personal piece of information that will come in useful if you ever forget your password.
Skrill (previously Moneybookers), Neteller, Click and Buy, UKash and PaySafe are some of the most popular online wallets which are also known for their strong security features. Most online casinos will have either one or two of these online wallet options for their players.
The best part about these wallets is that they are not meant exclusively for use in online casinos but can be used to send and receive money to any part of the world for any purpose.