Some digital wallet options for online gambling

November 2, 2022 World iGaming & Gambling

Digital wallet has been gaining popularity in recent years. Users may store money online and utilize it for electronic transactions with it. Many of them also allow you to link actual cards to the account, allowing you to make physical purchases as well.

In the context of online gambling, they allow gamblers to pay for and deposit cash into online betting accounts. Because funds in digital wallets may be spent in any currency, users have tremendous freedom in how and for what they spend them. If you are thinking of using a digital wallet for your online betting account, here are a few options to seek out.

Google Pay

You may use Google Pay, formerly known as Google Wallet and Android Pay, to make online purchases through a debit card, credit card, PayPal account, or bank account number. Despite the fact that it runs in over 40 countries and uses near-field communication (NFC) technology to enable payments, you have to remember that not all countries allow some of its features. Other payment alternatives may exist depending on where you reside, so be sure to check the Google Pay page for more information. When your accounts are synchronized, Google Pay may help you examine your spending habits and make keeping track of your finances easier.

Apple Pay

While it works similarly to Google Pay, Apple Pay is only supported by iOS devices such as the iPad, iPhone, and Apple Watch. Just like the previous item, users can keep money in their Apple Pay accounts by adding a debit or credit card, a bank account, or a PayPal account. With this, users may use Apple Pay anywhere that accepts contactless payments. Additionally, to safeguard account information, Apple Pay uses Device Primary Account Number (DPAN) technology to encrypt data and modify account numbers.

PayPal

PayPal was one of the first digital wallets to be made available. It provides services globally in more than 25 different currencies. It uses encryption technologies and continuous monitoring to keep your financial information secure. All popular credit and debit cards are supported by PayPal. You may pay by linking your bank account as well. When you make purchases using PayPal, you have access to a tracking function that may help you keep track of every spend. You also have the choice to send invoices to other people when you sell goods or services. Additionally, you get access to all of the funds that other people have donated to you via PayPal.

Venmo

With 83 million users, Venmo—a PayPal subsidiary—is among the most used digital wallets. Users of Venmo may make purchases from participating businesses both in-person and online, this includes online casinos. Venmo makes use of QR codes to locate the correct user. The cost of using a credit card is 3%. Additionally, consumers have the option of having their wages paid straight into their Venmo accounts. For fast transfers from your Venmo wallet to your bank account, there is a 1.75% charge.

Pro tip: Your digital wallet is not just for online gambling. If you are the type of person who prefers visiting land-based casinos, many casinos have also started accepting payments through this mode. Aside from that, these digital wallets can also come in handy if you have to pay for membership cards, plane tickets and car services, hotel and restaurant reservations, event tickets, coupons, and many more.