Over the past decade we have seen the introduction of many new eWallets. For those who are new to online payment technology, an eWallet is an online service that allows one person to send an electronic payment to another party. The eWallet acts as a type of electronic payment card and is much the same as using a credit or debit card but without having to continually add your card details every time you make a payment.
PayPal is perhaps the most common form of eWallet available online today and millions of people use the service around the world when paying for goods and services. When creating a PayPal account, you will be asked to add a selection of payment methods such as a debit card and a bank account. However, once you have added these to your PayPal account you will never be asked to use them again when making a payment using PayPal. Going online to gamble is becoming increasingly popular. There is a lot to consider when you do this and perhaps the most important is your choice of payment method. You don’t want any problems with financial transactions or become the victim of online fraud.
The key words relating to the use of eWallets are speed and security. Problems that may be experienced with other payment methods such as debit or credit cards aren’t in play when using eWallets. Which are the best to use though?
So, if you were to purchase an item at a website, such as a new pair of shoes, and you see the PayPal logo on the website it means you can use your PayPal account to complete the transaction. You will be asked to log into your PayPal account and having done so you can pay for the item without having to enter any of your own banking details.
Due to the continued success of eWallets, many online betting companies have chosen to integrate eWallets to their websites and mobile applications. Financial security is one of the most important factors when using a mobile betting app and eWallets is one of the safest ways to make deposits and withdrawals.
The MuchBetter eWallet is a good example and if you look on the casinosmuchbetter website, you will find detailed reviews of several mobile casinos that use MuchBetter. In their own words, ‘MuchBetter is a revolutionary award-winning Payment App. Our industry leading eWallet lets you store, send and move money securely and quickly. Make your everyday payments more rewarding than ever before with MuchBetter offers!’
To create a MuchBetter account on your mobile phone, download and install the MuchBetter application on your device from App Store or Google Play Store. Create an account and add funds for free before using the funds to make payments on the mobile casino app of your choice. One of the many benefits of using an eWallet, such as MuchBetter, is the speed of the transaction and the funds are transferred instantly into your mobile casino account.
While MuchBetter and PayPal two of the leading eWallets available today, you have a great selection including Neteller and Skrill. These are two of the major eWallets used by online gambling companies and have been available for many years. However, we have recently seen the introduction of additional eWallets and some of them have been adopted by mobile casino apps, such as EcoPayz, WebMoney, and Yandex Money.
These are all trusted eWallet payment solutions and allow you to make payments online without having to continually enter your card and banking details. PayPal. Avoiding online fraud is so important and this is where eWallets can help protect you. The fear is that fraudsters will gain access to your personal details. That’s the possibility when using a debit card as so much information has to be filled in when registering.
That’s not the case when using PayPal. The only information that you give to an online gambling site is the address of your account. If a security breach does occur, a fraudster isn’t going to be able to access your account and your money will remain safe and secure.
There are plenty of other advantages available to you when using PayPal. The transfer of funds is so much quicker when using eWallets. That’s important for your cash flow and there is no waiting for days for funds to arrive back in your account as is the case with debit cards.
Previously known as Moneybookers, Skrill is another popular eWallet that can be used. There’s no problem in opening an account, all that’s needed is your personal details. Once they have been supplied (ensure accurate information is sent), you receive a confirmation email. All that is then required is to place some funds into your new Skrill account.
This payment method is again excellent when it comes to making fast deposits and withdrawals. The absence of charges is more good news. The anonymous payments you can make again keep your personal details safe. An only drawback is that some online gambling sites don’t accept its use when you are entering into a welcome offer claim. No real problem though, just use another method and then start using Skrill from then on.
Another popular eWallet that can be used is Neteller. Recent years has seen an increasing number of online gambling sites accept this as a payment method. The mere fact that this is the case shows the trust that is being shown in Neteller.
Setting up a Neteller account won’t cause you any headaches at all. Again, there’s a lack of personal information available for fraudsters to get their hands on. Making deposits into your account and withdrawals from it are straightforward processes. All that is required is your ID number and email address. As with Skrill, a lot of sites don’t allow you to use Neteller to claim welcome bonuses but there’s no problem after that. As with the other methods mentioned in this article, you can then enjoy swift and secure transactions.