The online casino industry has been one of the greatest success stories of the internet age, and it’s attracted millions of players around the world.
One of the ways it has been able to reach this status has been through the sheer dedication to keeping players safe and ensuring that they feel comfortable when playing.
There are countless ways to perform transactions at iGaming sites, but some options are superior to others.
Digital payments may soon replace cash.
Importance of Using Trusted Payments at Online Casinos
The online casino industry has blown up in Canada over the last couple of decades, and its evolution has been astounding. Most of the greatest updates can be seen in the games on offer, with new titles and categories being added all the time. The latest sensation in the country is live casino, with players able to take part in games hosted by real world dealers. This genre has grown so popular that there are innovative game show titles like Balloon Race and Fashion TV Mega Party.
As the games have developed, the payment protocols have also advanced massively. Indeed, offering a wide range of options for transactions is one of the main ways that online casinos try to stand out from each other and appeal to players. Online casinos need to show that they can be trusted with players’ funds, meaning that the security on these sites needs to be as tight as Alcatraz.
Even though online casinos put a lot of effort into ensuring that their players’ money is safe, players also have a responsibility to be careful with their payment methods. This is the same for anywhere online at which you need to spend money. If you want to play at online casinos, you’re going to need to top up some funds before you get started. Therefore, it’s important to know what the best methods are at these sites.
The Main Payment Methods to Use
If you’ve never used online casinos before, you may be overwhelmed by the number of options available. If so, it’s best to choose one of the top three methods, which we’ll expand on in more detail here.
Credit and Debit Cards
Credit and debit cards have been accepted at online casinos since the beginning, and they are still among the most common forms of payment. Visa and Mastercard have gained a reputation over the years of being highly reliable, and the encryption technology they use has advanced over time as well.
One of the best things about this method nowadays is the two-factor authentication involved, with the bank often sending a one-time code to users to authorise a transaction. Another advantage is the fact that if you end up encountering a problem, you can use the fraud protection programs offered by credit card companies to dispute cases and get refunds.
These options continue to thrive because of the familiarity factor too. You know where you stand with a card. It feels like they’ve been around as long as cash, and they’re widely accepted around the world.
E-Wallets
E-wallets have blown up over the last decade, thanks to the impressive rise of PayPal. The company that began as Confinity in 1998 kickstarted a new era for internet payments and gave people a new way to interact with payment channels online. The great thing about this form of transaction is that you don’t need to share any of your personal details with the online casino. The e-wallet acts as the middleman in this scenario, helping to process the transaction securely.
The rise of PayPal.
There are countless reasons why choosing an e-wallet like PayPal, Neteller, or Skrill could be the best option. Aside from their solid reputations, they also offer fast withdrawal times. That means that if you’re lucky enough to win, you can get your hands on your money fast. The only downside to e-wallets is that they can sometimes charge high transaction fees. It’s also a wise idea to make sure that the option you want to use is included in the online casino’s deposit bonus, as sometimes they are excluded from these.
INTERAC e-Transfer
Canadians are lucky to have another option that arguably trumps both of the other payment methods listed here. INTERAC e-Transfer is one of the safest and most trusted options in the country, and it’s a hugely popular choice among Canadian players.
This option allows you to transfer your funds directly to the online casino, meaning there’s no need to share your details with anyone. You can simply send the exact amount of money you want to play with, and you don’t have to worry about scams or being encouraged to spend any more than you’re willing to. It’s simple to use as well, with only a few on-screen instructions to follow before the transaction is completed.
Casinos Keep Advancing to Make Players Feel Safer
One thing you can say about the online casino industry is that it never sits still. It’s constantly evolving and improving, and payment is one area that continues to receive developments. You can rest assured that these sites are doing everything they can to make you safer when you play.
One of the key advancements in recent times was the introduction of SSL encryption, which is now a standard across all the top sites in the world. This technology enables a highly secure connection between you and the online casino, with all data transmitted being encrypted and protected from unauthorised access. It’s highly likely that cybercriminals won’t bother even trying to tap into these connections, as they’re monumentally difficult to hack.
Even though there are various payment methods to choose from, it’s a good idea to select one and stick with it. This way, you’ll limit our exposure to risk, and you won’t need to keep sharing your details. Canadian players are lucky to have some excellent options available.
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