Demos Antypas takes a look at some of the best payment processors for players to use when playing online.
Most of us now have a PayPal account, after all, it is one of the most popular, safest and reliable online payment processors in existence. PayPal is great for buying goods and services from online vendors and for transferring funds to, friends and family.
One of the reasons PayPal is so popular is we generally feel more confident using an e-wallet instead of a credit card for most online transactions.
Several online gaming sites such as, JackpotCity Casino and Spin Palace Casino, also accept PayPal, which is very convenient for players. However, not all sites accept the payment processor as laws in certain countries restricts the use of a PayPal account for online gaming purposes.
Players who only have a PayPal account will inevitably find themselves with limited online options. Fortunately, there are alternative payment processors available, which offer a similar service to PayPal. While these aren’t an adequate replacement for a PayPal account, they do allow players to gamble at a broader range of sites.
Most players will have noticed the Neteller e-wallet option available at many of their favorite online casinos. The green logo of this company is eye-catching, but there’s more to a payment processor than just an attractive image. What many users care about is how reputable and reliable Neteller is – especially in the realm of online gaming.
The good news is that Neteller is an established and renowned payment processing service launched in 1999. In July 2000, Neteller started processing payments related to online casinos, while growing their business substantially in this market. Unfortunately, not everything went smoothly. The company exited the United States, and accounts of their American users were frozen, however, funds were, returned at a later stage.
Nowadays, Neteller operates from the Isle of Man and owned by the Paysafe Group. Moreover, it’s easy and convenient for customers to sign up for a free Neteller account. There are 26 major currencies to choose from, and funds are, transferred to a Neteller account directly from a bank account, credit or debit card, and 40 other methods. Availability of these features varies from country to country.
Overall, Neteller is a great choice for those seeking a reliable payment processor for their online gaming needs. The only downside is that players logging in from certain countries won’t enjoy all the benefits this service provides.
Skrill (formerly Moneybookers) is a comprehensive payment gateway, e-wallet, and prepaid card service. Similarly, to Neteller, Skrill’s parent company is the Paysafe Group.
So, does this mean that Skrill and Neteller are similar? Of course, there are similarities between these two services, but Skrill is the more cost-effective option. Credit card deposit and withdrawal fees are lower than either Neteller or Paypal, which is one of the reasons why Skrill is so popular. Another one of Skrill’s facets is that it’s widely used by thousands of online gambling sites worldwide.
It’s incredibly quick to set up a free Skrill account, which is great for players who prefer to spend their time playing instead of, filling long online applications. Nevertheless, this is a good option for those that are budget conscious and don’t want to pay high transfer fees.
Another alternative worth considering is ecoPayz, which originally started life as ecoCard in 2000 but later rebranded. The company offers services for a range of industries, including online gambling, and backed by extensive security and fraud detection features. Additionally, ecoPayz allows Bitcoin deposits and has an ecoAccount app available for iOS and Android devices.
The acoAccount is feature-rich since it allows customers to send funds across the globe in 45 different currencies, and use up to three ecoCards with different currencies. Due to the wide range of features available, users should familiarize themselves with these, and read the terms and conditions carefully.
Setting up a free ecoPayz account is a bit more involved than Neteller or Skrill, but still easy enough.
There are many payment processors available for players who gaming online. The services covered here are some of the most reputable in the industry. While no payment processor is perfect, they do make online gaming a safer and more convenient pastime.
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