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The best iGaming payment methods in 2023 (Revolut and more)

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iGaming payment methods
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If you’ve spent any time on online casinos, you’ll have encountered making online payments the moment you signed up for an account. Much like the e-commerce boom revolutionized online payments, the growth in popularity of online casinos has led to the addition of new payment methods that go far beyond traditional debit and credit card payments. If you’re wondering which iGaming payment methods to use or are evaluating their features, we’ve unearthed their ins and outs so you don’t have to!

 

Debit & credit card

Debit and credit card payments are considered the gold standard in terms of online payments. Many people feel a sense of security using them because they’ve been around for so long and we feel we can trust them. With most people having a VISA or Mastercard handy, these payments are convenient for most players.

Pros:

  • Widely accepted by most online casino platforms
  • Familiarity and trust among consumers
  • Instantaneous transactions in most cases
  • Some cards offer rewards or cash-back on purchases

 

Cons:

  • Sensitive financial information is shared with the merchant, which can be a target for hackers if the site isn’t secure.
  • Some banks may block gambling-related transactions, especially in countries where online gambling is restricted.
  • Transaction fees may apply
  • No anonymity

Revolut

Revolut lives up to its name, providing a revolutionary mobile money management solution. The FinTech company is considered a “neobank”, which means they provide digital money management facilities. Revolut offers a digital account which functions like a prepaid debit card. Some useful features include:

  • Digital banking: Revolut will issue you with bank account numbers and IBANS in different countries to seamlessly send and receive payments.
  • Currency exchange: Offers competitive exchange rates for many different currencies.
  • Crypto: Gives users the ability to buy, sell and hold a range of cryptocurrencies.
  • Virtual cards: Offers disposable virtual cards for online purchases, enhancing security.
  • Stock trading“ Purchase Gold and Silver stocks in the app

So, as you can see, there’s a lot to love about Revolut. It’s why many online casinos accept Revolut as an iGaming payment method.

Pros:

  • Depositing funds: Once you have a Revolut account, you can transfer money into your Revolut account from another bank or load it via debit/credit card. Then, you can use these funds to deposit onto your preferred iGaming platform.
  • Using virtual cards: Revolut’s disposable virtual cards add an extra layer of security. After a virtual card is used once, its details are destroyed and a new card is automatically generated for the next transaction. This minimizes the risk of your card details being compromised through an iGaming platform.
  • Currency exchange: If you’re playing on an online casino that operates in a different currency, Revolut’s competitive exchange rates can be advantageous. You can convert your money into the required currency before depositing it on the platform.
  • Withdrawal: Some iGaming platforms may allow you to withdraw your winnings directly to your Revolut account. This provides a quick way to access and use your funds.
  • Spending control: Using the budgeting and analytics tools, you can easily keep track of how much you’re spending on iGaming platforms, helping you manage your gambling habits.
  • Security: If you suspect any fraudulent activity, you can instantly freeze your Revolut card from the app, giving you full control.

Cons:

  • Limited support if something goes wrong
  • It can take a while to receive your physical card
  • Withdrawals often incur a small fee

AstroPay

AstroPay is another FinTech company that provides users with a global wallet to use for online payments. In addition to making online payments, they also offer virtual and physical cards, and mobile money transfers.

Pros:

  • Provides a prepaid wallet so you can only spend what you load
  • Does not require sharing bank details with the merchant
  • Instant transactions
  • Partnered with ApplePay and GooglePay
  • Zero fees or commissions when making online payments

Cons:

  • Need to preload the wallet with funds which can limit spontaneity
  • Not as widely accepted as some other payment methods

PayPal

PayPal is another online payment stalwart, having been in the game for decades now. It was designed as the first online payment solution to enable users to send and receive money or make online payments without revealing sensitive financial information to merchants.

Pros:

  • Trusted and well-known brand
  • Instant transfers
  • Protects sensitive financial information from online casino platforms
  • Buyer protection policies and excellent support

Cons:

  • Some casinos and gaming platforms don’t accept PayPal
  • Fees may apply, especially for currency conversion
  • Account suspension or limitation issues have been reported by some users
  • Difficulty connecting local bank accounts to withdraw funds from PayPal if not in the US

Skrill

Skrill is an e-wallet that enables you to transfer money and make payments online without having to reveal any financial information. Many online casinos accept Skrill as a method for making deposits or initiating withdrawals. Their prepaid cards can be used to make deposits or to load winnings onto and can be used anywhere a VISA card is accepted.

Pros:

  • Specifically tailored for online gaming and betting
  • Instantaneous transactions
  • VIP program for frequent users
  • Easily transfer funds from one sportsbook to another

Cons:

  • Transaction fees can be high for withdrawals. Skrill charges a flat fee of $5.50 for withdrawals to bank accounts and $2.50 for ATM withdrawals.
  • Not as widely trusted as some older, more established payment methods.
  • Some reports of account limitations or holds.
  • You must ensure you select “gaming” as the purpose for funding your account when you will be using the money for betting or gambling. If you select non-gaming as the purpose, you will be blocked from using those funds at online casinos.

Bitcoin

Do you have Bitcoin you’d like to place bets or gamble with? The good news is that many online casinos now accept Bitcoin and other cryptocurrencies as a form of payment. There are specialized Bitcoin and cryptocurrency casinos geared entirely towards digital payments.

Pros:

  • Decentralized and free from government interference
  • Offers anonymity
  • No transaction chargebacks so there is less risk for online casino merchants

Cons:

  • Price volatility can affect the value of holdings, which means even if you win money, its value could deteriorate as the value of Bitcoin fluctuates.
  • Not universally accepted
  • Requires understanding of cryptocurrency

Paysafecard

Paysafecard is a product of its parent company Paysafe. The company offers a prepaid digital card that doesn’t require a bank account or credit card to activate. It is accepted worldwide and extremely safe, protecting your personal and financial information when visiting online casinos. Payments are made via the app using a prepaid 16-digit code.

Pros:

  • Prepaid payment method so you can only spend what you load
  • No need to share personal financial information
  • Accepted at many online casinos

Cons:

  • Need to physically purchase a card or a voucher on the app
  • Not suitable for large transactions
  • Cannot use the prepaid card for withdrawals, you will need to withdraw directly into your Paysafecard account.

 

Final thoughts

We hope this has helped you understand the many iGaming payment methods available to you. Now when you’re faced with the dilemma of which one to choose, you’ll be well-informed and know which one will best suit your needs and preferences.

Latest News

BOS agrees with KV’s/KO’s advertising assessment of “Trisskrapet” in TV4

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The Swedish Trade Association for Online Gambling (BOS) agrees with the Swedish Consumer Agency’s (KV) and the Consumer Ombudsman’s (KO) assessment that the daily scratch card commercial “Trisskrapet” in TV4 is an advertising feature, and thus not an editorial feature. BOS welcomes that KO is now ending that part of the process.

If Svenska Spel does not stop the advertising elements, BOS looks forward to KV following up on its earlier call to Svenska Spel to comply with the provisions on advertising identification and broadcaster declaration in section 9 of the Marketing Act and the information obligation in ch. 15. Section 3 of the Gambling Act with information on the 18-year-old age limit and where to turn in case of gambling problems.

– The Swedish gambling market must be characterized by a high level of consumer protection. A cornerstone of good consumer protection is that people are clear about what constitutes gambling advertising, i.e. that they are not tricked into thinking that an advertising feature would instead be an editorial feature. The daily “Trisskrapet” on TV4 has been anything but clear on that point, and we welcome that KO now finally establishes that the features constitute advertising and nothing else, says Gustaf Hoffstedt.

– Now it remains for Svenska Spel to introduce the mandatory consumer protection labelling of Trisskrapet. Since the company has not shown any excessive eagerness to introduce this voluntarily, KO should ensure that this happens as soon as possible. Every day and every “Trisskrapet” that does not contain the mandatory consumer protection label is another lost day for a safe and secure gambling market, Gustaf Hoffstedt concludes.

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Balkans

Expanse Studios Launches in Bulgaria with Inbet

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Expanse Studios, a leader in online gaming innovation, has secured a Bulgarian iGaming license and is now live on Inbet’s website. This expansion brings Expanse Studios’ popular game offerings including turn-based strategies gamified for iGaming, classic slots, traditional card games and the highly-acclaimed ones like Titan Roulette, Clown Fever Deluxe, Wild Icy Fruits, White Wild Whale and Joker Poker to Bulgarian players.

Diverse Gaming Portfolio Now Available to Bulgarian Players

With the Bulgarian market entry, Expanse Studios introduces a versatile gaming experience to Inbet’s platform. The offerings include a dynamic range of games tailored to diverse player preferences:

  • Turn-based strategy games: Leveraging gamification, these games transform traditional strategy gameplay into engaging iGaming experiences, suitable for both novice and experienced players.
  • Classic slots: Players will enjoy a variety of themed slots that combine traditional gameplay with modern graphics and sound.
  • Traditional card games: A selection of popular card games offer something for every card game enthusiast.
  • Titan Roulette: This standout feature, known for its immersive experience and innovative design, continues to be a favorite among roulette players.

Commitment to Quality and Compliance

Expanse Studios not only cultivates a diverse gaming library but also adheres to stringent regulatory standards to ensure a secure and fair gaming environment. The acquisition of the Bulgarian iGaming license is a testament to Expanse Studios’ commitment to compliance and excellence in the gaming industry.

The partnership between Expanse Studios and Inbet marks a significant milestone in Expanse Studios’ expansion efforts. By combining Expanse Studios’ innovative gaming solutions with Inbet’s established market presence, both entities are set to offer a superior gaming experience to players in Bulgaria and potentially beyond. As Expanse Studios continues to develop and release new games monthly, Bulgarian players can look forward to a continually evolving and enriching gaming landscape.

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Latest News

Week 17/2024 slot games releases

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Week 17/2024 slot games releases
Reading Time: 5 minutes

 

Here are this weeks latest slots releases compiled by European Gaming

Belatra Games, the specialist online slots developer, is on point with its latest sharply designed game, Golden øks. This Norse-inspired adventure carries on from the popular Axe of Fortune title that hit the market at the turn of the year. Golden øks is set against a 5×3 layout and is brought to life with a powerful soundtrack to heighten the atmosphere.

Belatra grows games portfolio with Golden øks title

Endorphina, has announced the release of its brand-new title, Jolly Queen, which will join its portfolio on April 27th. Jolly Queen is a 5-reel, 5-row fruit slot with 50 fixed paylines, introducing players to the lifestyle of the nobles. On top of the aristocratic ambiance, Jolly Queen provides players with Free Games, allowing them to master the reels.

Endorphina releases its newest title - Jolly Queen!

Evoplay has released Candy Craze, a vibrant slot stacked with features and modifiers, including the powerful Gum Drop Multiplier which boosts win potential. Set amidst the backdrop of sumptuous sweets within a cloudy landscape, the 5×5 cascading reels title gives players a sugary rush when the Gum Drop Multiplier activates, revealing a mystery value at the end of each winning spin up to x100, enhancing the chance for wins during the main game and Free Spins.

Yggdrasil, a leading iGaming publisher, has revived the gold rush in a jackpot-filled game that embodies the spirit of old west prospecting in Gold Frontier Jackpots FastPot5™. Fans of lower volatility slots with straightforward mechanics that get fortune seekers right to the heart of the action are tasked with gathering keys to enter the treasure bonus game.

Relax Gaming is offering players some opulence in its latest release Sultan Spins. This high volatility slot sees its gold-trimmed reels set against a sprawling desert metropolis. Players have the chance to rack up riches via an entertaining free spins feature and lucrative local jackpot.

Greentube has introduced its latest title in the popular Diamond Link ™ series, Diamond Link ™: Mighty Dwarves Inc. Set deep in underground mines, this adventurous 5×3 slot is packed with innovative features for ample chance to win across its 25 paylines when players spin the reels adorned with hammers, hard hats and laser symbols.

Get your eyes ready because it’s time to take a trip to the pet centre to meet the ugliest, quirkiest, wildest-looking pets you’ve ever seen in the brand new slot, Fugly Pets, from Stakelogic. Fugly Pets takes players to a banged-up old pet store to explore its collection of weird and charming, downright ugly pets. Meet a scruffy parrot, a catnip crazed kitty, and an unfortunate-looking little dog.

 

 

Load your tackle box, bait your hook and get ready to reel in the catch of the day in Fishin’ The Biggest from Apparat Gaming, the in-demand German software provider’s latest splash hit slot that sees players trawl the sea for free spins and massively multiplied prizes. Played over five reels, three rows and ten fixed paylines, Fishin’ The Biggest is a highly-volatile title with an outdoor angling theme.

Thunderkick has announced the launch of Midas Golden Touch 2, the highly-anticipated sequel to the acclaimed 2019 original. This latest release invites players to rediscover an enchanted realm where everything King Midas touches turns to gold. The 3×5 video slot boasts 15 paylines and showcases Thunderkick’s signature high-quality design and innovative features.

Belatra Games, the specialist online slots developer, has served up another classic with its tasty Chef’s Sticky Fruits slot. This latest release from Belatra’s studio  is a vibrant and juicy addition to its renowned catalogue of slots. It’s a 5×4 slot game bursting with colour that’s heightened with an upbeat, retro soundtrack that perfectly captures the essence of fun at the heart of every play.

Belatra serves up tasty Chef’s Sticky Fruits slot

3 Oaks Gaming has launched 3 China Pots: Hold and Win, the first time the company has integrated the popular 3 Pots mechanic within a Far East-themed title. The latest instalment from 3 Oaks to incorporate the 3 Pots functionality sees players transported to the allure of the Orient, where the Extra, Double and Multi modifiers influence the Bonus Game once activated.

3 Oaks Gaming presents a feature-rich trip to the Far East in 3 China Pots: Hold and Win

Pragmatic Play has unleashed roaming wild re-spins and random guaranteed wins in Release the Bison. Symbols of the American frontier abound in this 5×4 slot, where hitting four or more rampaging bison triggers the wild re-spin feature, during which all wilds roam the reels to boost win potential.

Blueprint Gaming’s latest slot release tasks players to look for the leprechaun’s pot of gold under the water rather than at the end of the rainbow in Plenty O’ Fish, a 6×4 hybrid of sea creatures and shimmering rewards. Players must look to unlock a tackle box of treasure with a jaunty leprechaun being the key to wins, lurking behind a dynamically coloured underwater background that changes when the bonus game is triggered.

Booming Games has launched its latest sweet sensation to its collection of engaging slot games – Fruit Heaven Hold and Win™. This is a deliciously designed 5×3 slot game with 25 paylines, which promises players an exciting experience full of fantastic fruity features and Stacked Wilds.

Wazdan is multiplying jackpots in the follow-up to its top-performing game Mighty Wild™: Panther Grand Gold Edition. Venturing to the depths of the jungle where a black panther rules the reels on a 5×3 gameboard, the new edition provides even larger win potential. With the increased value of the Cash symbols and Cash Infinity™ symbols, there is also a more lucrative Grand Jackpot of 1500x the base bet.

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