If you’re using online casinos for the first time, you may be slightly confused by the range of e-wallet services that sit aside more established payment options such as PayPal and credit and debit cards. If you’re a regular online shopper, it may seem like a total no-brainer to use your credit or debit card to make deposits and withdrawals from the online casino you are playing at.
There are two major reasons why a person may choose e-wallets over credit or debit cards to play at an online casino. In this article, we will explain what they are and give you a little more insight into these reasons.
Speed of Access
Depending on the e-wallet service you are using, deposits and withdrawals can be absolutely instant. This compares to waiting times of two weeks and more that can apply if you use a debit card or your bank account in certain markets. Of course, there is the risk of a further delay taking place before you are able to get your hands on the money that you have won since you will need to get the money out of the e-wallet – make sure that you are aware of what is involved in this before you pick one.
Services Available in Your Country
Depending on where you live, you may discover that an e-wallet service is all that is on offer to you at certain casinos. Outside of North America and the European Union, the payment methods that are on offer at online casinos can be very scarce, usually due to local laws and banking practices that are not friendly to online gaming. If this is the case, you may find that you are forced to use an e-wallet. Again, make sure that you understand how active the e-wallet service provider you have chosen is in your country before you move your winnings into a wallet, it can be hard to move them back out again without encountering serious delays and additional fees.
Hopefully, you’re now a little clearer on the benefits of e-wallet systems and why many online casino players choose to use them.