The rise of online betting is plagued with inevitable setbacks. One of which is the need for safe and innovative payment methods that enable players to deposit into their betting account without hassles.
Interestingly, many brands have risen to the occasion to solve this problem. And today, there are dozens of ways to fund an online gambling account. The problem is that not all these payment methods are safe. Besides, not all the payment methods can be used to fund your minimum deposit online casino South Africa account.
This article will discuss the safest methods to deposit little and huge funds into your online gambling account in 2021.
5 Ways to Deposit Money into Your Online Gambling Accounts
Here are five trusted methods to fund your online gambling account.
Credit/Debit Cards
We start the conversation with one of the most popular methods of funding your online gambling account.
Credit/Debit has been the most reliable and safest option available to gamblers worldwide as almost all online casinos accept MasterCard, Visa, and American Express cards.
The good thing about these payment channels is that they provide a layer of confidence for gamblers. They are highly secure, hack-proof, and super fast. With them, you will never have to worry about the safety of your sensitive information.
These and many more are some of the reasons credit and debit cards remain the top choice for nearly all gamblers.
E-wallets
This comes in as one of the relatively new yet safe payment options available in the online space.
E-wallets allow you to store and access data from one or more banks at a go. Similarly, you have the liberty of moving your money around at any time and at your convenience.
How exactly does it work? E-wallets act as a buffer between the payer and the recipient. This implies that you won’t have to divulge any of your banking details on the gambling website. All you simply do is log into your e-wallet account when you want to make payments.
As such, gamblers do not have to worry about their bank details getting into the wrong hands if the gambling site gets hacked. One other advantage of e-wallets is that they have a fast processing time.
Many companies operate e-wallet services. Three of the most notable and reliable ones are Neteller, Skrill, and PayPal.
Prepaid Cards
If you desire an alternative to credit or debit cards, prepaid cards are a sure way to go. Prepaid cards act almost in the same way as credit/debits, and the only difference is that they are a lot more discreet.
Now, you can fund your prepaid card both online and locally, just like you do with gift cards. A typical example is the Visa Prepaid Card which you can load from any location at any time.
The only wrinkle, however, is that not all online casinos accept prepaid cards. You should always confirm first from a customer service rep to know if using a prepaid card is possible.
Lastly, you should also ensure that your prepaid card has been vetted for online and international transactions because most online casino sites do not accept domestic-only prepaid cards.
Cryptocurrency
Unlike conventional currencies, a cryptocurrency is not controlled by any one person, entity or government. It is an open-source, decentralized system present on a blockchain network and welcomes contributions from anyone. Famous examples include Bitcoin, altcoins like Ethereum, Solana, Cardano, and meme coins.
If you don’t know, a meme coin is a form of cryptocurrency based on an internet meme. With humor as its true intent, meme coins simply thrive on popularity more so rather than value. Examples are Shiba Inu, and Elon Musk’s backed DogeCoin.
Most online casinos accept high market cap cryptos as a mode of payment.
With cryptocurrencies, gamblers can now make payments to their gambling accounts with ease. It is a safe, fast, and discrete method of payment.
Also, cryptocurrencies do not attract unnecessary transaction fees that come with using other payment methods. This is why many gamblers are fast adapting it as a great alternative to funding their online gambling accounts.
Bank Transfer
Lastly, you can fund your online gambling account through a bank transfer. The entire process is similar to when you need to make a simple transfer to another bank account. Most, if not all, gambling sites offer this service.
You can make a bank transfer by dialing your unique bank USSD code with your mobile device. Follow the steps described in the prompt, and your account will be funded in a matter of minutes. You can also choose to make a bank transfer using your bank app.
Either way is fast, safe, and a lot less stressful. The only downside with bank transfers is that the transaction fee is relatively high.
Wrapping up
That’s about it, guys! Making deposits online just became easier for gamblers and sports betting enthusiasts alike. Now, with the plethora of payment methods available, you should have no problem funding your online gambling account.
Like we pointed out in the beginning, it would be best to vet a payment channel thoroughly before using it because not all the payment methods are safe for gambling purposes.
We advise that you stick to the ones we’ve mentioned above. They are some of the safest, fastest, and most reliable methods to fund your gambling account.
Thanks for reading!
