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Understanding the Different Options for Processing Payments for Online Gambling

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When it comes to online gambling, one of the key aspects that often requires clarity is the various options available for processing payments. It’s crucial for both players and operators to understand these methods, as they play a fundamental role in the overall gaming experience. The world of online payments is vast and can be quite complex, especially considering that it continually evolves with technological advancements. 

In this document, we’ll delve into a comprehensive exploration of the different payment processing options available for online gambling, including credit cards, e-wallets, bank transfers, and even cryptocurrencies. This will provide a solid foundation for making informed decisions, ensuring secure, efficient, and seamless transactions.

 

Man in White Long Sleeve Shirt Holding Black Smartphone and Credit Card

Photo source: pexels

 

Bank Transfers

Although slower than other methods, bank transfers are often preferred due to their high-security standards. They enable direct transactions between users’ bank accounts and online gambling platforms, eliminating the need for any third-party involvement. Now, for instance, if looking for a merchant account to tackle gambling payment processing or even stock trading, many banks have dedicated departments that specialize in providing these services. However, it’s advisable to check with your bank to ensure that you have the necessary documents and protocols in place before attempting a bank transfer. 

This option also tends to incur higher fees and charges, so it’s important to consider this when selecting the payment method.

 

Credit Cards

Widely accepted and easy to use, credit cards represent one of the most common online payment methods. They offer quick processing times and high levels of security, giving users peace of mind when transacting online. Furthermore, they provide an additional layer of protection if the goods or services purchased turn out to be unsatisfactory. Oftentimes, users are able to claim a refund from their card issuer in such cases. Additionally, it’s important to note that some banks and providers may impose restrictions on payments made to certain gambling websites, so it’s always best to check with the provider prior to making a purchase.

 

E-wallets

E-wallets like PayPal, Neteller, and Skrill have become increasingly popular due to their convenience and speed. These digital wallets allow users to store funds online, facilitating easy transfers to and from online gambling platforms. Moreover, they enable customers to deposit and withdraw funds without having to provide sensitive information each time. However, it’s important to research the terms and conditions of the e-wallet provider prior to use, as some may charge transaction fees or have other limitations. While e-wallets are generally considered safe and secure, caution is still advised when making online payments.

Photo source: Pexels

 

Cryptocurrencies

Emerging as an innovative payment solution, cryptocurrencies like Bitcoin offer a novel approach to online transactions. They provide anonymity and security, but their adoption in online gambling is still relatively new and thus might not be accepted by all platforms. Additionally, cryptocurrency prices are highly volatile and transactions can take a while to process, so it’s essential to be aware of these factors before opting for this payment method. Now, if you’re considering using cryptocurrency for online gambling, it’s important to research the platform and payment processor prior to making any deposits.

Overall, the payment processing options available for online gambling are diverse and constantly evolving. Understanding each option will help ensure secure, efficient, and seamless transactions whilst simultaneously eliminating the risks associated with using an unreliable provider. What’s more, by researching the different fees and charges associated with each method, players can ultimately make an informed decision about how they want to pay. As such, it pays to be aware of all the options and familiarize yourself with their respective strengths and weaknesses.

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Pirate Multi Coins – Feature-rich New Title from Fantasma Games

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Slots players are taken on a swashbuckling adventure as they seek to unlock the Golden Chest in latest release from Fantasma Games

Pirate Multi Coins, a 6 reel, 5 position slot, is the latest title to hit the market from the Stockholm-based developer, Fantasma Games.

Golden Multi Coins are the key to unlocking big wins and features, with a random number of Coins appearing on each spin. Coins can hold either a monetary or multiplier value, and landing five on a spin awards all values shown.

In a break from standard slots, Pirate Multi Coins features no set paylines, with wins achieved when eight or more matching pay-symbols appear anywhere on the thirty-position matrix. Each win combines those symbols into another Coin, helping trigger the Multi Coin feature. The remaining spaces are filled by an Avalanche, which is Fantasma’s proprietary take on cascading reels.

Another air of suspense comes in the form of the Golden Chest at the top of the playing area. Any Coins landed during a spin which does not trigger the Multi Coin feature are added to the Golden Chest. The Golden Chest can trigger during any base-game spin where a coin is added to the chest, which rains more coins down upon the reels, guaranteeing a Multi Coin feature.

Finally, there is also a Free Spins feature, where landing four or more Scatter symbols awards fifteen free spins. Retriggers are also available during the feature, with three Scatters awarding five more free spins, and four Scatters awarding an additional fifteen spins!

Pirate Multi Coins comes with RTP options of 86%, 94.35% and 96.08%, sits at the medium range of the volatility scale and has a max win potential of 4999.x. It features a Scatter Boost option as well as a Bonus Buy for jurisdictions where this is applicable.

Fredrik Johansson, Founder and CEO of Fantasma Games, said: “In our first venture into the quintessential Pirate slot theme, Pirate Multi Coins brings a host of great features to all types of players.

“With multiple ways to trigger our various features as well as a medium level of volatility, we hope that it really appeals to every type of slots’ fan looking to find some buried treasure.

“Pirate Multi Coins takes to the high seas in thirty-four languages across our network of amazing operator partners on April 30th.”

 

 

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Casino Games

BetMGM is launched in the Netherlands, bringing an authentic Vegas experience to the Dutch market

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The golden Vegas offerings and entertainment of BetMGM is coming to the Netherlands, following a successful launch in the UK. BetMGM will offer a best-in-class Las Vegas experience to deliver a new golden era of online casino and sports betting in the Netherlands. Leveraging LeoVegas Group’s proprietary technology and platform, the launch marks a significant step in the brand’s international expansion.

BetMGM, the entertainment and sports brand known for its golden offerings and authentic Vegas experience, is launching in the Netherlands. The new brand is set to provide customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclusive slots, as well as unique and compelling sports promotions. Utilising LeoVegas Group’s proprietary technology and platform, this expansion into the Dutch market represents the second European launch, succeeding a well-received rollout in the United Kingdom.

Gary Fritz, President of MGM Resorts International Interactive, said “We are thrilled to launch BetMGM in the Netherlands and build on BetMGM’s successful expansion into global markets. The Dutch market offers an exciting opportunity and will be an important part of our international expansion efforts and strategy to become a global gaming leader.”

Gustaf Hagman, Group CEO at LeoVegas Group, said “Our launch in the UK was tremendously successful, and we eagerly anticipate bringing the golden Vegas experience to the Netherlands. This launch in the Dutch market is an important step in our international expansion, but we have much more in store.

 

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New focus for safer gambling as Clarion confirms launch of Sustainable Gambling Zone

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The Consumer Protection Zone (CPZ), which since its launch at ICE 2018 has developed to become the highest profile feature on the ICE show floor has been re-branded to become the Sustainable Gambling Zone (SGZ).
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The Consumer Protection Zone (CPZ), which since its launch at ICE 2018 has developed to become the highest profile feature on the ICE show floor has been re-branded to become the Sustainable Gambling Zone (SGZ). 

The strategic decision has been taken following extensive stakeholder consultation and is set against the heightened importance placed on proactive customer interventions at earlier stages of the player journey.

The SGZ will be debuted at July’s iGB L!VE prior to its official launch at ICE 2025, the first edition of the industry’s most influential b2b gaming show to be held at its new home in Barcelona

Clarion Gaming’s Director of Industry Insight and Engagement, Ewa Bakun, who has seen the CPZ develop to become the key platform for the industry to advance its understanding and implementation of safer gambling measures and raise standards said: “I must stress that this is much more than just a cosmetic exercise. Instead, the Sustainable Gambling Zone, with its refreshed focus, will engage with the broader stakeholder group of operators who are focused on long-term sustainability, something which goes way beyond simply meeting the regulatory mandate.

“The overarching objective of the Sustainable Gambling Zone is to be at the vanguard of initiatives to help develop healthy play from the outset which includes the incorporation of safer gambling considerations from the very start rather than as a compliance requirement.

“While not yet standard across the whole of the industry, this more holistic approach underpins the safer gambling dynamic. Its goal is to create a more sustainable business in which players continue to enjoy their gambling entertainment experience with the small proportion who are at risk of developing problems pro-actively identified and assisted by operators.”

Clarion Gaming Managing Director, Stuart Hunter added: “The relocation to Barcelona will enable us to expand the ICE and iGB Affiliate offerings but also raise the bar in terms of what we already deliver on behalf of the international industry.

“The intended broader appeal of the Sustainable Gambling Zone dovetails with our relocation and will bring the SGZ closer geographically to continental Europe and closer culturally to the Latin American markets that we serve.

“Barcelona will open a new chapter for ICE/iGB Affiliate and their respective features, not least the Sustainable Gambling Zone.”

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