Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Payment Technology Solutions for Online Casinos
Guest Post | Nov 18, 2022
Image: Unsplash/Dmitry Demidko
The popularity of casinos brings many questions to the table. Most of them are concerned with the overall security of all the platforms and their accessibility. One of the best features of online gambling websites is the opportunity to offer every single person the best possible experience. We all have specific preferences when it comes to payment solutions. Some still prefer using old-fashioned credit cards, while others transfer easily to the market of cryptocurrency. Depending on your choice of solution, you must find the best available platform. At this platform, you need to ensure that there is a wide variety of digital wallets and traditional banking options to satisfy your needs. We selected the best payment solutions for customers and developers alike.
Why Payment Solutions Are Crucial
The first answer we wanted to bring up concerns the importance of payment solutions. If you were wondering why they are crucial, we have several reasons. Nevertheless, before we get to the aforementioned reasons, you have to understand that choosing the best payout online casino will only maximize your experience. It might take some time to do proper research, but using the linked website will help you a lot in the search.
Besides, as you will learn, using a proper payment solution can also increase your payouts. Now without further ado, here are some reasons we all need to use appropriate payment solutions:
- Improve experience
- Maximize profit
- Increase security
- Develop fast payouts
- Decrease stress levels
Overall, there are many reasons why we should all be mindful of the platforms we are choosing. Whether you like poker, card games, electronic sports, or slot machines, your experience will only be better with a proper banking method.
Cryptocurrencies
Cryptocurrency is an umbrella term, but it still can function as a proper payment solution. Interestingly enough, there are many advantages and disadvantages to using cryptocurrency for your gambling activity. First and foremost, the cryptocurrency market is volatile. Therefore, you will have to consider that you may double or lose your profit. Cryptocurrency, in some ways, is just like gambling. However, if you are willing to take risks or get to know this market properly, you will have a chance to increase your payouts and get fast payouts. The majority of cryptocurrency wallets can get you your money within an hour. It is one of the fastest ways to receive your jackpot in this industry. It is also one of the safest options because you’re not directly putting your personal information on the casino platform. Even if you are using the safest casino in Canada or any other country, you must stay cautious.
PayPal
PayPal is one of the best choices for the majority of users. Remember that this particular platform may not be available in every country. Therefore, you still have to research whether you can use PayPal. Most importantly, check whether you can actually withdraw money from PayPal to your bank account or create a PayPal credit card. Besides, PayPal will take longer to process your payment than a normal cryptocurrency wallet. With that being said, it is still one of the safest solutions out there. Like our previous option, you’re not putting your information directly into the gambling database. Therefore, PayPal, one of the most reputable platforms out there, he’s responsible for your money. This is yours if you want to stay on the safe side of things.
Payment Center
Since we are talking more about technologies than actual payment options, we have to mention the payment center. This particular technology is rather new. It was created back in 2013 specifically for the market of online games. It was initially licensed in Europe and spread to the United States and Asia because of its popularity. The company owners guarantee that your money will be protected, and you will easily monitor all the transactions. Even though it is not the most popular technology out there, it is definitely one of our favorites.
Neosurf
Neosurf, at this point, is a classic. It was founded almost 20 years ago for users who preferred to utilize their credit cards but do so through a reputable platform. It is also one of the easiest platforms you can use from our list. Additionally, just Like our previous option, it was specifically developed for the entertainment industry. Therefore, it still remains one of the most reliable solutions you can choose on the market. Finally, customer satisfaction is through the roof, and she will also get access to much faster payouts.
Praxis
Praxis is the lost technology we wanted to discuss with you. It is a platform also partially dedicated to the entertainment industry. It is mostly a European company, and you can use it no matter where you are located or the purpose of the aforementioned usage. Many celebrities and sportsmen appreciate it because the company itself guarantees security and anonymity. We also consider this company to be somewhat of a local business that supports the environment and has headquarters in Ukraine, Spain, and many other European countries. Therefore, if you are not necessarily looking for online casinos in Canada, this can be your option.
Bottom Line
Here you can find several best solutions for online games and fast payouts. The majority of them combine security, the ease of use, and they have an immaculate reputation.
See: Crypto Payments Report 2022: How digital currencies are revolutionizing commerce, corporates and culture
You always have to keep in mind that not every single platform is available in your particular country. So make sure you research all the legal aspects before you start using these platforms. The good news is that Canada has access to almost every popular solution. You also have to consider whether you want to deal with cryptocurrency, traditional credit cards, or a secure digital wallet. Make a wise choice, and don’t forget to play responsibly.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
Support NCFA by Following us on Twitter!Follow @NCFACanada  |
Related Posts
Ooki vs CFTC: Emerging Questions on Legal and Tax Status of DAOs- Lagarde Says Her ‘Hunch’ Is That ECB Will Adopt Digital Currency
- CSA Staff Notice 46-307: Cryptocurrency Offerings
- BNP Paribas and SmartAngels blockchain pilot targets Europe’s growing crowdfunding sector
- LabCFTC Releases Primer on Digital Assets
- OSC finds ‘significant deficiencies’ in exempt market
Leave a Reply