Want to Use E-Wallets for Online Gambling? This is What You Should Know!

E-wallet Casinos – Getting Started

Online casino e-wallets are among the fastest payment methods in online betting sites. That is a big selling point for many players who enjoy lightning-fast withdrawals. Moreover, e-wallets allow for advanced features that can help regulate and control your spending. 

Better yet, the whole idea of online casinos with e-wallets is for them to be fast, secure, and easy to use. These payment services take everything you would want from a digital payment method and roll it all into a user-friendly package. As such, e-wallets can be used by pretty much anyone, from anywhere in the world. From the UK to Australia, Africa, and Asia – almost everyone has access to one e-wallet or another.

Paying for casinos with e-wallet is not their only use, of course. These days, you can cover almost any online service using this payment option. They’re quickly becoming as ubiquitous as a common debit card.

Almost everyone has a debit or credit card these days. As such, opening an e-wallet and using it over a bank card is a step not everyone sees as necessary. However, there are distinct advantages to using top e-wallet casinos. Let’s go over some of them now.

• Fast withdrawals – Most casino deposits are instant these days, but many payment options require days for withdrawals. That’s not always the case with e-wallets, which can often withdraw funds instantly.
• Security – E-wallet services act as another step of confirmation before the money is transferred. Moreover, e-wallet service providers invest heavily into security as one of the key parts of their offer.
• Easy and Convenient to Use – Payments made using e-wallet casinos don’t require you to provide card numbers, dates, or anything else. Logging in and a quick verification step is all you need to make instant payments from anywhere in the world.
• No Credit Card Data Needed – You typically do need to have a card or bank account connected to the e-wallet itself. However, you don’t have to provide your card data in different corenrs of the internet every time you need to make a payment. This adds even more security on top of convenience.
• Everything in One Place – Finally, e-wallets make it easy to handle both deposits and withdrawals in one handy app or site. You can track your spending, pay for different goods and services, and manage your budgeting all in one, handy place.
• Low fees – Transferring money over international borders almost always costs money. However, e-wallets are made specifically for this purpose, and they keep fees to a minimum. Some charges may still apply (such as a small fee to get money from the wallet to your bank account quicker), but commissions and fees are generally kept to a minimum.

Disadvantages of Online Casino E-wallets

It’s only fair that we also look at the downside of this type of casino payment. There aren’t many, mind you, but other casino payment options may be a better pick for some players. Let’s take a quick look at some of the downsides of paying for casinos with e-wallets. 

• Extra Steps – In some ways, an e-wallet is just an extra step between a casino and your bank card/account. As previously mentioned, setting up and using e-wallet casino payments may be more trouble than some are willing to go through. If you’re not too attracted by the advantages, you may have an easier time simply sticking to a debit card.
• Regional Availability – Not all e-wallets are available in all corners of the world. Even the big ones such as PayPal are not available everywhere. Keep this in mind before picking your casino payment option.
• Casino Availability – Similarly, not all casinos accept all kinds of e-wallets. Even some top e-wallet casinos may not have all e-wallets available to everyone. It can be frustrating to find your perfect online casino only to find out it doesn’t accept your e-wallet of choice. Some casino payment methods don’t have to deal with such issues.
• KYC Verification – You will need to verify your identity with an ewallet casino before withdrawing. To be fair, the same is true for most legal casino payment options. However, we feel this downside is worth mentioning because some options such as cryptos can actually stay anonymous. 
• Limited Bonuses – For some reason, some casinos do not let you take advantage of bonuses using e-wallet deposits. This is rarely an issue, but it’s something to keep in mind.

Before we explain how e-wallet casino payments work, we have to stress a few things. You will need to do things before using e-wallets in casinos.

1. Set up an e-wallet and ensure its funded
2. Open an account at an online casino that accepts payments using your e-wallet of choice

These notes may sound obvious, but setting up an e-wallet can be wildly different depending on which one you’re using. Many require you to perform KYC verification by sending a personal ID scan/photo. Make sure you check out the terms, conditions, and registration process of the service you’re signing up for.

Once you’re ready, you can make an e-wallet casino deposit.

How to Deposit to Online Casinos Using E-wallets

Top e-wallets were designed to be fast and convenient. That’s why e-wallet casino deposits are quick and easy to make. The exact process may vary depending on the casino and/or e-wallet, but here is a general step-by-step guide to depositing to a casino using an e-wallet.

• Ensure you have funds available in the e-wallet. Funds are usually transferred from debit cards or using bank transfers. Some e-wallets such as PayPal and Skrill can even automatically transfer funds from a debit card to a casino, allowing you to skip the extra step. 

• Log into your casino account and head to the deposit section of the cashier. Again, make sure that the casino you’re using accepts the method you want to use.

• Click on the e-wallet you want to use and enter your e-mail/account name and password. Typically, a new browser window will pop open for you to log into your e-wallet. Some e-wallets may have additional security steps, such as two-factor authentication using your phone.

• Type in the amount you wish to deposit. Make sure that your payment is within the casino’s limits.

• Confirm the transaction request. The money should be instantly available in the online casino e wallet.

And that’s it! You can now play all the casino games you want. Convenient, right?

How to Withdraw from Online Casinos With E-wallets

E-wallet casino withdrawals are just as easy to do as deposits. Once your wallet is set and your cash ready to withdraw, it’s a simple matter of asking for your money. Here’s how that works

• Log in to the casino and head to the cashier page. Make sure you have enough money available for the casino’s minimal withdrawal. Also, make sure any bonus wagering requirements have been met if you’re using e-wallet casino bonuses. 

• Select the e-wallet you want to use. Note that some casinos require you to use the same method you used to deposit the money. This is done for legal reasons – the authorities need to be able to keep track of your money.

• Provide e-wallet info where necessary. If you used the same method to deposit, the casino may do this automatically. Other times, you will need to specify which account you want to transfer to. This step only requires the e-mail or username your e-wallet uses. Some services may also have user ID numbers.

1. 1. Confirm the withdrawal request while minding any fees. The best ewallet casinos do not charge fees on their end. However, the e-wallet service provider may include a small charge. 
   2. Wait for the casino to validate the withdrawal. E-wallet casino payments are instant. However, the casino requires time to make sure your money was won fairly and in accordance with the casino’s terms and conditions. Depending on the casino, this can take anywhere between a few minutes and a couple of days.

• Your money will not be available in your e-wallet. You can now use it for other online payments or transfer it to your bank card/account.

The Best 5 Online Casinos E-wallets

Now that you know how to use e-wallets in online casinos, it’s time to consider your options. As we already noted, there are many types of e-wallets out there. They can range from global money transfer networks to small, local-currency payment systems. 

Here are some examples of the best online casino e wallet payment options.

1. PayPal
2. Skrill
3. Neteller
4. ecoPayz
5. MuchBetter

PayPal

PayPal is a brand name almosy synonymous with the idea of e-wallets. This is easily the world’s biggest provider of online transaction services. It’s also incredibly popular with top e-wallet casinos. 

PayPal is fast, safe, and available in over 200 countries across the globe. Moreover, you can use it while completely avoiding any fees or charges. Fees are largely optional and serve to make transfers to your bank account quicker. 

If you’re completely new to e-wallets in online casinos, PayPal is probably the first one you should consider.

Skrill

Skrill constantly and consistently ranks among the best payment options in casinos. It’s certainly popular with online gamblers – a market this service provider has done a lot to please. Skrill sometimes seems like a payment service tailor-made for casino fans.

It’s insanely fast, free of any fees, and available in hundreds of online venues. The only real downside is that Skrill deposits may not be available for bonuses in all casinos. 

Neteller

Active since 1999, Neteller is one of the leading brand names of the e-commerce industry. It has since moved to the Isle of Man to focus primarily on the UK market. However, Neteller is still hugely successful all across Europe and beyond.

Neteller is a global leader in protecting customer rights and ensuring their safety. It’s certainly a strong selling point, but there’s also a downside. Neteller has a global 2.5% commission on most payments, specifically casino withdrawals. It’s not ideal, but the service offers a lot of value for the money.

ecoPayz

ecoPayz is another global e-commerce brand. Its main advantage is that it’s easy to use, even across multiple devices. Also, it’s slowly but surely becoming even more widespread than some of its main competitors. We’ve seen casinos offer ecoPayz as almost an exclusive e-wallet for some regions of the world.

The downside? This is also one of the most expensive online casinos e-wallets. Fees can range from 1% to a whopping 6% under some circumstances. Fortunately, all payments are near-instant, so many players find the price worthwhile.

MuchBetter

MuchBetter was created with a simple goal in mind. They looked at the current e-wallets out there, identified their biggest issues, and went about solving them. For example, MuchBetter can roll both a digital wallet and a debit card into one. As a result, EU residents can use MuchBetter as both an e-wallet and a sort of digital bank account. 

Moreover, MuchBetter boasts some of the lowest fees and waiting times in the market. It’s the fastest-growing online payment service in the world for a reason.

Key Things to Remember About E-wallets

To sum up, it’s quite obvious that e-wallets are some of the best methods for casino deposits and withdrawals. Instant payments, low fees, and widespread availability make them the go-to casino payment option for hundreds of thousands of people. 

If we were to recommend one payment method to casino newbies who aren’t sure which route to take, it would be an e-wallet. If safety, convenience, and accessibility are important to you, e-wallet casinos are second to none.