Online slots have been around since the turn of the millennium, but playing them used to take a lot of work. Firstly, there were very few to choose from, and secondly, depositing your money wasn’t easy to do. Card payments and bank transfers could take days to land in your account, causing frustrating delays. The same happened when you wanted to withdraw; you could be waiting weeks for your cash.
Thankfully, things have changed, and payment methods have come a long way in recent years. In this article, we look at the newest payment methods for playing on new slot sites. Keep reading to find out what they are.
Cryptocurrency
Cryptocurrency is changing how many of us make our purchases, and the same is happening within the gambling industry. More casinos are offering cryptocurrency as a deposit method, with Bitcoin being a popular choice amongst users. Not only is cryptocurrency a fast way to deposit and withdraw money on new slot sites, but it’s also one of the safest. The transactions are untraceable, and your gambling spend is kept separate from your day-to-day spending. We expect cryptocurrency to be available on almost all slot sites and online casinos within the next couple of years.
E-Wallets
E-Wallets used to mean just PayPal, Neteller, and Skrill, but not anymore. Many additional E-Wallets are launching that promise the same safe and speedy payments to and from slot sites. Brands like Trustly and Klarna are great examples. Even better, some of these newest brands have lower fees than the market leaders. Like Cryptocurrency, your E-Wallet transactions can be kept separate from your main bank account but aren’t entirely anonymous.
Paysafecards
After the use of credit cards was banned for online gambling in April 2020, many Brits became paranoid about using their debit cards. Thus, along came Paysafecards. These throw-away cards can be purchased online or at a retail store, and you simply need to use the code on the card to make your deposit. This works very similarly to when you top up your mobile phone. The only drawback to this method is that you cannot withdraw to a Paysafecard, so your winnings would need to be paid into your bank account.
What’s Next For Payment Methods on Slot Sites?
There is no denying that cryptocurrencies will become the number one way to make online gambling payments. As well as this, we expect more e-wallets to continue launching and disposable services like Paysafecard. The good thing is that we have more choices than ever before.
Another real benefit to the increasing list of payment methods is how fast the transactions are processed. Your deposits are available in your account immediately, and your withdrawals within a couple of days, depending on the method you choose.
