What Are Payment Gateways?
A payment gateway is a process that connects casino operators to their clients, enabling them to make financial transactions to and forth, such as deposits and withdrawals. The main function of an online casino payment gateway is to authorize transaction processes so players can deposit their money and withdraw winnings from said casinos. Payment gateways also ensure safe and secure transactions between both parties.
Every casino is unique and therefore may provide different payment gateways to their players. Most reputed casinos online offer the following trusted payment gateways as they are widely used by gambling enthusiasts all over the world.
Top 5 Online Casino Payment Gateways
PayPal has around twenty million users solely in India. With PayPal, you can virtually manage multiple credit and debit cards, even several bank accounts in one platform. It also comes with a specialised app to receive and send funds.
PayPal is also free while transferring money to casinos in India. It’s been a go-to gateway for Indian players for a long time now. PayPal is probably the best-known, most widely accepted e-wallet in the world of online casinos. you can also withdraw your winnings using the PayPal option, all for relatively low fees.
You can buy a Paysafe voucher card that has a pre-loaded balance in stores. You can make use of these prepaid vouchers in a wide range of online casinos. This voucher contains a 16-digit code. Making payments is as simple as entering this code.
As a user, you don’t need to give out any personal information or bank details to buy a Paysafe card. As you’re not using any credit or debit cards, there’s no chance for your payment to be declined by your bank. This is one of the safest ways to perform transactions with your preferred online casino.
NETELLER is an e-wallet accepted by a wide range of online casinos in India. It is used by over 20 million people worldwide. NETELLER is a product of the Paysafe Group, which is fully licensed and is an approved electronic money transfer service. NETELLER, like PaySafe card, is prepaid.
However, in this prepaid account, you can add money from your debit or credit cards, bank transfers, and other e-wallets. There is no need to enter any further personal or financial details while making transactions using NETELLER. Just like Paysafe, payments are guaranteed to be approved. Hence, it’s fast and efficient! It is also one of the safest because of the anti-fraud tool.
Skrill is an E-wallet service that performs very similarly to Neteller. They were previously known as Moneybookers. It is an international online payments service that’s very continent to use.
It was acquired by Paysafe back in 2015 and since then it has become one of the top choices for transactions among casino players. Skrill eWallet lets you receive money into your account free of charge, however, a small fee is deducted when you want to send money.
Almost all online casinos support MasterCard Debit. More than 23 billion people use MasterCard for their online transactions, a vast majority of them being debit users. You will be protected by several built-in security measures are included in both the card and eWallet, including SecureCode, 2-factor verification, and a 24/7 fraud helpline. MasterCard is supported by almost all online casinos.
How To Use A Payment Gateway
As a customer, you will have to choose your preferred method, fill out a form with the required information, and execute the transaction. Then the payment gateway processes the transaction and transfers it to the account of the merchant so that the funds can be withdrawn by the business. Similarly, it makes it possible for you to withdraw your own earnings. It is quick and convenient as there are many hosts for payment gateway.
Some famous casinos have their own payment gateway too! For instance the William Hill CashDirect. If you are a William Hill Casino player, you can buy CashDirect vouchers and use them to deposit funds online. Your withdrawals will be processed the same way. CashDirect was previously known as William Hill Quickcash.
This voucher system can be used across 2,300 William Hill Casinos all over the India. You can buy this voucher as long as you have an active account at William Hill’s online gambling website. Your voucher will have a unique 19-digit code, which can be used to top up your balance in the account.
Why You Should Use A Payment Gateway
Some online casinos opt to process payments on their own, which can make them easy to hack. There are many unsafe casinos too. you can fall for a scam if you are not aware. It’s better to go with a payment gateway to keep your financial data private.
With a payment gateway, you can make your deposits fasters as there is no need to enter bank details every time. You can easily withdraw your winning amount too. All you need to do is sign up!
To Wrap Up
Payment services have continued to evolve with the movement of high-value transactions. The need to disclose sensitive information is eliminated by many payment options, making online gambling quick and safe. Indian players can choose which payment providers they want to use.
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