The Best Payment Methods Offered by Online Casinos in Singapore
There are a few main features that every online casino website must have. Perhaps the most essential of them all is a way for customers to make deposits. In this competitive industry, most online casinos would offer not just one but multiple methods you could make a payment. With so many online payment gateways, or e-wallets on the rise and even cryptocurrencies to choose from, what are the best payment methods Singaporean players have?
Credit and Debit Card
Still the most favoured payment method, debit and credit cards should not be ruled out despite all the buzz around new e-wallets and cryptocurrencies. In fact, most e-wallets still require you to link your bank account or credit card. Since the popularity has not faded away, almost all online casinos are still accepting them. Besides, you probably have a few cards in your wallet right now so you can virtually jump into the game right now!
However, there are casinos that limit some of their features, such as withdrawal or minimum charges or transaction fees. These disadvantages may not be the casino’s shortcomings but rather the financial institution’s policies. Not to mention, there is also the scheduled maintenance in the midnights which is outside of the casino’s control as well. Thus, we recommend you always check with the casino in case there are changes that may impact your gaming experience.
E-Wallets
If you have ever wondered, when can you leave the house and ditch your wallet, the answer to that is here. The use of electronic wallets has become so popular over the past couple of years it has even changed consumers’ behaviours. Online casinos are often the pioneer of adapting the most advanced technology, so naturally many of them are supporting this option. E-wallets are so easy to use they are not a barrier to the tech-illiterates. Moreover, many cutting-edge E-wallets can transact quickly without compromising your personal details. However, since most e-wallet providers are not financial institutions themselves, they would still require you to link your bank accounts or credit cards before you can start using them. There may also be a small transaction fee but they can be easily offset by the loyalty programs from the e-wallet providers.
Online Banking
Online bank transfers were the enabler to many e-commerce websites we have today. When it comes to the security of your Personally Identifiable Information (PII), it is as safe as it gets. Depending on your banks, you may be able to use international currencies to transact. Online banking does not require you to download any additional applications in order to use them. Due to the lack of innovation, the tedious login and slower verification process is the biggest downside compared to other payment methods. Nevertheless, all Singapore casinos are still allowing their customers to transfer money via online banking.
Offline Methods
Although it may take the immersion away from indulging in the online world, depositing at an ATM machine or over the counter requires no skill at all! Besides, you may be able to transfer much larger sums than other methods. Needless to say, you will have to be willing to visit such facilities physically and potentially queue up for the service. May we also remind you to keep your receipt and not to leave it in your pocket before throwing it into the washer!
Cryptocurrencies
Arguably the most sophisticated currency to date, cryptocurrency has swept the world by storm with markets nearing USD$3 trillion at their highest peak. It is super-fast, appreciates in value and allows anonymous transactions. Some platforms even offer additional bonuses and crypto-only games if you choose to make deposits with crypto. The more popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Tether and Dogecoin are widely accepted by many online casinos today. The downside of the cause is that not everyone has a crypto wallet or account, given how high the exchange rate could be despite of the recent depreciation. Plus, it can be difficult for players to get the hang of it.
Conclusion
These are just some of the many payment methods that are available in the online casino world of Singapore. No matter which method you want to opt for, we encourage our players to always do their research about the platform they choose in terms of security, transaction speed and bonus perks to get the best bang for your buck. Why not check out Play88, the most trusted casino company in Singapore today? Play88 understands its players who want a smooth yet speedy deposit and withdrawal experience. They have dedicated customer support that works around the clock to ensure their players a great gaming experience. Besides, Play88 has countless of games on the platform for new and seasoned players with plenty of bonuses to give! Generous Welcome Bonus up to SGD 300 on your first deposit could be yours today! Register now and join us on your journey to make your fortunes!