Gambling is a multibillion-dollar game and it is set to endure all economical issues of the world. What is interesting enough is the fact that although humankind has gone through some hard things, mostly financial ones, we somehow always have something set aside for a little bit of gambling.
The idea of investing a little and having enough skill and luck to win big is appealing to anyone. Just imagine investing $10, $20, or $50 and walking out with tens, hundreds of millions of dollars in winnings. That is something that appeals to everyone and it is what drives us towards the casinos and gambling places whether online or on land.
On land, casinos are still very successful and they draw all kinds of crowds every day of the year. It is a business that must and will constantly keep rolling for the sake of profit. But there is something that we didn’t see becoming this big when it first started. Thanks to some tech advances, thanks to new currencies and methods of financing, plus a lot of things in between those two, somehow online gambling exploded.
Yes, it did offer things that were appealing to many since the beginning like a gamble from home, staying in your comfort zone, safety first, and everything else, but other things like implementation of VR technology, new ways to fund your accounts, anonymity, and others have brought in a broader audience and had them glued to the business. As you could see from the title of this article, today we will address the things you need to know about payment methods all of you should know whether you are online or on a land gambler. If we somehow miss something you can always try 10cric.com for more information.
This is probably the most popular and most famous way of funding your gambling. Cash was always the cleanest and safest way of getting into gambling but it was somehow reserved for good old on-land casinos. There you could walk in with a stack of bills get chips or whatever and start gambling instantly. When it comes to the online world the story is a bit up and down and all over the place. The online world at least in the beginning didn’t take cash as a possibility of funding your account. As time progressed, the technology caught up with the demand, wider audiences, and player base they made it possible to fund your account in the online casino with cash by purchasing vouchers or similar methods and redeeming them in the online casino of your choice. All you had to do is access your account and in a designated area for that, you had to enter the numbers and letters combo from the voucher and you had your funds available.
2. Credit cards
When it comes to this payment method in any type of casino it was considered to be the easiest one, which is why all of the casinos adopted this way very fast and allowed anyone with a bank account and enough funds in it to gamble. All you had to do I insert your card info, select how much you want and it was available to you instantly. On land, casinos started using credit cards almost instantly because many of the people didn’t like carrying cash, especially the high rollers that played for big sums. This was the way for the casino to make sure you still spend your money there but do not hassle a lot. The online world also loves bank accounts and credit cards. Payments are almost instant, easy to do and track and all you had to lose is some small percentage as interest for processing the payment info and similar. The only bad side here was that there were a lot of fraudulent operations back in the day and there were a lot of fake online casinos that were constructed for the sole purpose of stealing your credit card info and leaving you broke. This is why all of the legit casinos worked very hard to offer you safe payments and to protect you from any type of malicious intent and software’s being run on their sites.
3. Alternative payment methods
When it comes to these one of the best ones, and probably the safest ones out there are E-wallets and Cryptocurrencies. Tanks to E-wallet services like PayPal these types of payment methods quickly rise in popularity. It offered simplicity, safety, and ease of both funding your account and withdrawing money from it. PayPal is an electronic wallet that is well protected but is empty at the start. You have to fund it from your bank account and from thereafter your funds are transferred, you can gamble, shop online, pay for all kinds of different services and not worry about your credit card, bank info, or any type of other info being stolen or hacked. It all goes through PayPal and with them you are as safe as Fort Knox.
When it comes to Cryptocurrencies, they have elevated the safety of money transfers and purchases to a new level, but they have also added something most of the gamblers out there look for – almost complete anonymity. The way that Cryptocurrencies and the blockchain operates is probably well known to all of you by now, at least to some extent, so we will not focus on that. You all know that it is bulletproof, with no info about you, no info about your card or bank statements, just sequences of numbers and purchases that can be seen but difficult to track if you do not know what you are doing. What sells crypto as a way of funding your gambling accounts, even more, is that anonymity factor and the ability to play at different types of casinos like crypto casinos.
There are some of the same games, some are new but the sole change is that everything is done in crypto, meaning that there is no FIAT currency anywhere. The last thing to inform you is that there are plenty of crypto’s that are accepted all-around online casinos, and on land ones as well, and they go from Bitcoin to Ethereum, Litecoin, Monero, Litecoin Cash, and many others. There is a wide variety of crypto accepted and you also have a variety of them to choose from when accepting payouts.