Best Payment Methods for Online Gaming: There are 1 billion online gamers worldwide who spend around 7 hours each week playing. This makes the global gaming market one of the fastest-growing at the moment. If you are also willing to join it, there are many things to consider. For example, game type, equipment that you have, free time, and, of course, available payment options. In this article, we will talk about the latter and introduce you to the most reliable banking methods at the moment.
Debit and Credit Cards
Even though the first debit cards were introduced in 1966, they still remain one of the most popular best payment methods. It is difficult to find a person who doesn’t own a Visa, Mastercard, or American Express card. They are accepted by most gaming venues, online and offline shops, and other institutions. Thus, having a debit/credit card is a must in the 21st century.
They are secure, relatively fast, and perfectly regulated according to international standards, so you don’t have to worry about violating any laws or rules when making a transaction. Keep in mind that in some countries gaming with credit cards is banned due to responsible gaming concerns.
Electronic wallets have been extremely popular across the world due to their safety, convenience, and simplicity of use. You can pay for an online game or purchase items using tens of different e-wallets of your choice which transact with thousands of banks across the world. The e- wallet software development market is on a rise, so we will surely witness the introduction of new wallets and the improvement of existing ones in the nearest future.
The most popular digital wallets among online gamers are:
- PayPal. There are 361 million active PayPal users which only proves that this payment method is worth your attention. It is extremely fast, reliable, and user-friendly. Thanks to the top-notch encryption protocols, PayPal is able to protect your sensitive data like no one else.
- Neteller. Another reputable e-wallet is Neteller which is selected by millions of gamers across the world. Apart from a great design and a smooth native application, Neteller can boast one of the lowest service fees on the market.
- ecoPayz. It is an all-in-one payment solution for those who not only want to pay for gaming but to withdraw gambling winnings to their debit cards and send money to other users. ecoPayz supports 45 currencies, has 5 payment plans, and has customer support that speaks seven languages.
- Skrill. This third-party payment processor is identical to PayPal and can boast instant transactions, low fees, and a responsive interface. Nothing will distract you from the gaming process.
In recent years, the market has witnessed a significant boost in prepaid cards’ popularity and Paysafecard in particular. See for yourself: to make a Payment, you need a best payment methods, you only need to purchase a 16-digit card online or offline. No need to provide personal information, go to a local bank, or worry about exceeding the budget. Every card has a particular limit which is great for compulsive players. Just scratch the back of the card or copy the code from an electronic card and paste it into a corresponding window of the Cashier or Payment section.
Our list would be incomplete without crypto. While skeptics continue predicting its upcoming failure, blockchain technology is gaining momentum and millions of gamers use it on a daily basis. Thanks to its decentralized nature, the technology allows making safe and anonymous digital transactions without any side interference. Such coins as Bitcoin, Ethereum, and Litecoin are fast, secure, and convenient. What else do you need for a great pastime?
Debit and credit cards, e-wallets, prepaid cards, and cryptocurrency are at the forefront of the modern financial market. They are fast, secure, and can boast relatively low fees. However, to make the right decision, you should not only choose a particular category but pay attention to such features as one-click checkouts, mobile apps, fraud protection, and bug reporting. Remember, gaming is fun only if it is safe and responsible.
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