Tips for Operators: Choosing a Payment Method for Your Online Casino
Pick the Most Appropriate Money Transfer System to Start an Online Casino Business
Entrepreneurs who are looking to start an online casino business are sometimes unsure about which payment method they should use to make transactions with their customers. Taking into consideration that online casino businesses are not permitted all around the world, there are several payment processing services that do not allow transactions for gambling purposes. Even so, there are many payment processors that accept such transactions and have become popular amongst gaming enthusiasts.
Moneybookers (also known as Skrill ) is one of the top payment methods used by both casino players and operators who start an online casino business. Moneybookers accepts over 6 types of credit cards, bank transfer payments and checks. The most interesting feature of this payment method is that it processes transactions via email. By using this method, Moneybookers has managed to gain their customers’ trust, due to the familiarity of internet users with email.
Neteller is the second most well-known merchant that accepts payments related to gambling activities. This money transfer system is recognized for its top-notch security features and privacy. The fact that it offers fast, simple and secure services, and no transaction fees, makes it a favorite amongst casino players and operators who start an online casino business .
uKash, also very popular in the casino entertainment industry, uses a prepaid payment system similar to a voucher based method. This means that players purchase a prepaid card and fund the amount of money they want. Then, after introducing a 19 digit code voucher that they have received, they can make transactions when they log in the casino.
CoinBase is one of the top payment methods for entrepreneurs who start an online casino business with Bitcoin. CoinBase boasts several interesting features, such as high security and offline backups, which means that 97 percent of players’ funds are kept in offline bank vaults in order to prevent theft.
These are just a few examples of payment methods used in the online gaming industry, but operators who want to start an online casino business can discover more about other payment systems in our payment solutions section.
BY CASINOWEBSCRIPTS PUBLISHED 24 June 2014