Player safety and funds protection are priorities for the Bizzo gaming platform. As an online gambling platform, it has to take several measures to ensure transactions are secure. Online casinos process thousands of transactions daily, using a variety of payment methods. Every hour players are always funding or withdrawing profits from their accounts. For this reason, the payment method available has to be top-notch and also diverse.
Today’s online casinos support both fiat and cryptocurrencies. This has increased the number of payment options that a casino might operate. Tech-savvy players and crypto enthusiasts often opt for the cryptocurrency payment option.
Deposit and Withdrawal Methods for Easy and Fast Payments
The transaction methods in online casinos have varying processing speeds and ease of access. If a payment method is too slow or expensive you are free to try another, and that is the beauty of online gambling. Discussed below are the available options you can use for processing payments in online casinos.
Bank Transfers
This is an old-school payment method that is still in heavy demand to this day. They are a relatively safe method of payment, but with long processing times. Transfers between the bookmaker and player can be done using a variety of methods. Players can pay via physical cash deposit at the bank, online banking, and instant bank transfer.
Online casinos that allow deposits via bank transfers usually provide a dedicated account number during the deposit process where you have to send your intended amount to. Once the transfer is confirmed by the bookmaker, your betting account will then be credited.
Banking Cards
The two primary payment cards most online casinos operate are Visa and Mastercard. Banking cards are one of the most used payment methods in an online casino. They are the perfect option for deposits as they are fast, easy, and very convenient. Deposits done via banking cards are usually instantaneous. Furthermore, card payments usually have a service charge, but certain online casinos pay for it, while some do not. For this reason, your choice of casino becomes very important.
E-wallets
Digital wallets have become a top choice for players as they offer speed, privacy, and easy accessibility. By funding your betting account via e-wallets you get to keep your banking details private. For players who value that privacy and want no traces of transactions with online casinos in their bank statements, it is a perfect option.
Numerous e-wallets are operating in the industry, and not all are operated by online casinos. The go-to digital wallets you would find many platforms operating are Skrill, Neteller, AstroPay, Luxon, and Jeton. In addition, payments done via e-wallets usually have a small transaction fee.
Cryptocurrencies
Many online casinos now accept top digital currencies such as Bitcoin, Ethereum, and Litecoin. Many players prefer crypto payments for their anonymity and low transaction fees.