If you enjoy hitting the virtual tables and slots of an online casino, then you know the importance of making sure you can deposit and withdraw your funds safely and efficiently. There is a huge range of different payment methods, but one of the best methods is eWallets.
Today, we’re going to take a look at all the different benefits of using eWallets for your online gambling. So, whether you want to make PayPal withdrawals or AstroPay casino deposits, you’ll be able to enjoy all of these upsides!
In case you didn’t know, AstroPay is one of the newest e-wallets to hit the market and has been taking the payment processor industry by storm. Including high limits, easy deposits and withdrawals and water tight security, they take things to the next level with the option to also deposit with prepaid vouchers.
What are eWallets?
Firstly, let’s get into what an actual e-wallet is. eWallet stands for electronic wallet and is the name for a type of payment processor that kind of acts as a middleman with your transactions.
These eWallets will link to your bank account or credit/debit card and take funds from that source whenever you make a transaction. Instead of the payment coming directly from your bank, it goes through the eWallet provider.
Benefits of using an eWallet
It’s secure
eWallets are one of the most secure methods of getting your money in and out of a casino. With big-name eWallets such as PayPal, AstroPay or Skrill, you’ve got the trust built in so you know you’re dealing with a reputable company.
When it comes to the transactions themselves, the casino site never actually sees your bank details, so you know they are never at risk. All transactions are sent through the eWallet provider. This is brilliant if you want to always ensure that your bank account details remain away from any prying eyes.
eWallets also come with multiple layers of security when it comes to signing in, such as two-factor authentication. This is the same level of security you’ll often find on banking apps, making sure no strangers can log into your account and make payments.
It’s really fast
eWallets are probably one of the fastest payment types you can use at online casinos, right next to cryptocurrencies such as Bitcoin. Thanks to the fact it’s all electronic, payments are usually sent across instantly.
This makes them absolutely perfect for playing on the go and when you’re in a hurry. You aren’t sitting around waiting for your deposit to hit your casino account – you just verify the payment and you’re good to go the next minute.
It’s even better news for withdrawals. Whilst it may take a day or two to get your withdrawal verified by the casino, as soon as the withdrawal is verified it’ll be zipped across to your eWallet account, ready to be transferred to your bank. No more waiting around for days to spend your winnings.
Multiple funding sources
Another big advantage to eWallets is the fact you can link them to numerous cards and bank accounts. You can easily choose which source you want to deposit or withdraw too, giving you great versatility.
No or low fees
For personal transactions, many eWallets will have no fees. This means you get to play with the amount you deposit when you put money into your casino account and you get the exact amount you’ve won when withdrawing.
Some casinos may put a small charge onto withdrawals via certain eWallets though. This is because the eWallet will be charging them to make the transaction and they want to absorb some of the cost. It’s just a case of researching the casino site beforehand.
You can get great bonuses
Who doesn’t love a great bonus? Many online casinos will allow you to use eWallets as a payment method to claim bonuses. (SunriseEquipment) From a huge matched deposit offer to hundreds of free spins, there’s plenty out there to find.
Thanks to the fast nature of eWallet deposits, you’ll be able to grab your bonus and get playing in no time at all.
Can track bankroll easily
Thanks to the fast and easy filtering of transactions, you can keep a good handle on your bankroll whilst using eWallets. Whereas using your debit card or bank account right at the casino can get a bit messy in terms of tracking, you can fund your eWallet with a certain amount and only use that amount to gamble with.