Online Casino Payment Options are an important part when you are planning to build an online gambling business. Here are the important things you need to know.
Online casino payments is the core requirement so that any player from all around the world can do their deposits. As a gambling website, you need to bring as many options as possible.
But not just any type of deposit methods. Prioritize bringing in more and more high quality online casino payment options 2021.
There are dozens of ways for player to deposit your money online. It’s an online gambling website it is a must for you to know what kinds of payment system is the most safest.
In this case there are already many types off online depositing system that exists and most casinos. But we will look again on which one is the most effective and which one is the less time-consuming alternative.
And this article we’re going to talk about several different things that is all equally important. First of all we’re going to talk about all of the options that you have.
And then we’re also going to help you set up and find the right providers. Because finding the right providers is important so that you can provide a safe transaction.
On top of that we’re also going to talk about some of the benefits of using these kinds of trusted depositing methods. So stick with us until the end so you can learn more on how you can improve your online casino.
Especially if you are still a new casino owner and you still have not set up an effective deposit method.
Why is Depositing So Important?
When each players go their website they expect to get bowl and win. Maybe they might not always win but they will always have to deposit and put money into your website. This reason you must also be able to give the best types of service to your players.
Without this type of service and they’re just going to move away to another website. Sometimes people judge your website a lot depending on the service that you were able to give them so be sure that this is covered. There are three things that players look for before they deposit into your website.
First of all they must look at the legitimacy as well as how trustworthy your website is. If it works that does not have a strong deposit system this means that your website is most likely a scam.
Make your website trusted and more preferable to the players then you need to use an escrow system. Escrow system is basically where you hire a third-party app or software to help you with this.
These types of companies will simply hold your money and then process of the transaction once it’s done. And they would also prevent any types of drawbacks or refunds that may happen.
People who transact with this escrow system would most likely trust your website more in comparison to other types of depositing methods. So be sure that you use an escrow system.
There are several more reasons why deposit is so important in a website. A person will just deposit once. Because once they are two-player games and they’re going to repeat that lead pause at the same amount of money.
This is where you have to ensure that every single transaction goes smoothly. If not then you can lose a lot of profit while doing so.
Trusted Depositing Methods for Online Casino Payment Options
First of all let us talk about debit cards. Typically all types of bank accounts will support debit cards. This is why a majority of the players would actually have a higher chance of winning a debit card in comparison to credit card.
On top of that debit card was also very fast and that there is no escrow system. This means that all you have to do is redirect them to a trusted Visa website or Mastercard website. But you also need to work with a Visa / MasterCard before you can do any types of debit transaction. Debit card usually has a limit of around $1,000. This depends on the amount of money that the player has as well as the type of the card that they own.
We suggest that you provide this deposit method because it is one of the easiest one to have. Anyone could basically have this deposit method as long as they are above the legal age of 18 years old.
Not only visa and MasterCard there are also other types of debit cards that you can use. Some of which are such as American Express. If you’re online casino in the operating easier than you might want to prioritize Visa more.
Credit cards are also a very important positive method that you can actually put inside your website. In comparison to debit cards credit cards are much more less common. People tend to only own credit cards if they are already birthday age of 21 years old. Because of owning a credit card in most countries.
Debit card is a perfect alternative to the debit card. Usually the limit of credit cards are higher. For example if debit cards’ limit is around $1,000 then credit cards can go up to $5,000. Again this depends on the type of card that the person owns. One particular risk that could incur if a person deposits using a credit card is that there are drawbacks.
Drawbacks basically means that they’re refunding and taking the money back. So be sure that you have fixed this when you are offering them the choice of credit cards to prevent any types of drawbacks. If drawbacks happens then you need to consult again with the merchants providers such as Visa or MasterCard.
We’re done talking about all types of cards. Too because now we’re going to talk about Skrill. Skrill is the very important online payment system that is widely used everywhere. It’s grill is similar to a debit card or even a credit card. The only difference is that you don’t physically on the card and you can apply online anywhere.
Due to this reason many people actually own a Skrill account or a bank account. We suggests that you apply Skrill as a way to deposit and transact.
Anyone who sees Skrill would automatically think that you’re providing a legit service. Because Skrill usually has its title regulation on the types of businesses that they want to work with.
But be sure that your online website is already legit and that there is no room for scams. Skrill basically has no limit when it comes to depositing or transferring money. They may have a maximum amount ofaround $1000 dollars. But this $1,000 limit can easily be bypassed if you’re the real owner of the account.
You can apply to the website directly if you want to use this service. Skrill is accessible in most countries. But beware that most Asian gamblers or players would less likely use Skrill. This is because Skrill is a bit harder to access in Asia.
Crypto currency is one of the best ways to get a lot of players into your website. Many players are joining in the trend and now are keeping cryptos. Cryptos can be used a tool of deposit for many players.
There are many types of crypto currency that are being used in this current time. Some of the most popular ones are such as Lite Coin, Polka Dot, Bitcoin, Ethereum, and XRP. These are the best types of crypto currency with low fees.
The problem is that Bitcoin is that it is expensive in terms of the transaction fee. Many players does not want to choose this methods if they do not have to. One transaction can cost around $10 up to $20.
The only good thing about this option is that it is ready and available almost everywhere in the world. Everyone literally has Bitcoin and they are ready to spend it. This is where you can lure in more players to gamble with their crypto.
Crypto has a high popularity in countries where gambling is banned. Some of which are such as Indonesia, Malaysia, and most Asian countries. The usage of crypto can also be seen in American online casinos. If you offer crypto, then there is a high chance of surge in players.
Crypto casinos usually do not mix their payment methods. Because casinos usually give either cash options or crypto. There is no in between choices. This will be too complicated to manage for an online casino.
Who doesn’t know paypal? Nowadays, everyone from around the world uses Paypal. Unlike skrill that is still a bit harder to access, Paypal offers more accessibility. This means that people from anywhere most likely has paypal now. Asian countries such as Indonesia, Malaysia, Singapore, and etc also offers paypal to all of its users.
With this in mind, Paypal offers many new services. For example, there is no drawback or charge backs to the merchant. All of the money that has been deposited to you will stick with the online casino website. How paypal works is that first of all you need to register yourself as merchant. This can be done by using a business account in Paypal. Business accounts are specifically made for any types of online business.
Register yourself as a legit business. And then this process will take some time for verification etc. Just prepare all of the data and information needed. So that your account can be confirmed by the Paypal team.
When using paypal, all you need to do is set up the deposit link. This link will automatically redirect all of the users to a new page in which they can deposit. This page is an official Paypal page and has trusted services. They will be asked to login to their own Paypal account. Usually Paypal also accepts debit cards and credit cards. But overall, this service should be easy to do and that there is not much else to it. Paypal also does charge a small fee depending on the deal you agreed to. This can be seen more in their website.
Local bank transfer
Last but not least, let us talk about local bank transfers. Local bank transfer is a method in which you will give access for all players to use their local bank.
Say for example in Indonesia, players can deposit using their local banks. Such as Mandiri, BCA, BRI, and etc.
This may be hard to achieve for small websites. But it is not impossible. Many websites offer this option because it is the most accessible.
Whether you are in Indonesia, Malaysia, or Singapore. Try to learn and understand what kind of payment system is most widely used. Then just create a bank account under an alias or another name. Do not use your real name or use the name of the online casino. Because this may be illegal in some countries to do. Instead just use an alias.
Put your account number on the page of your website. The disadvantage of using local bank transfer is that it takes a lot of time. There is no automated system.
Hence small websites still have to do manual confirmations. Manual confirmations mean that you must have a customer service on stand by.
Their job will be to check manually all of the money that is sent to the bank account. If the amount is same and that the players have provide proof, then you are good to do.
After that procedure is done, then all of the customer service must also add balance manually. This may take a lot of work. But many players actually prefer this method more than any other method. That is all for today’s content and we hope that this guide can help you. Find the right ways of method to put in your website.