Online casinos are growing in popularity steadily. A lot more people than ever are open to the idea of gambling online, and the reason why is simple; iGaming has become a lot safer and more entertaining in the past ten years.
One of the big reasons why people are more open to gambling online nowadays has to do with the introduction of multiple payment methods. Once upon a time, the credit card was our only choice. That is not the case anymore.
In land-based casinos, the only two choices a gambler has are cash or credit. However, if you were to visit the latest NZ online casino, Christchurch Casino, you’d notice that you can gamble using a wide variety of options. So, let us delve into the most popular choices.
Cryptocurrency
Cryptocurrency is the coin of the digital age – a totally digital, cryptographically protected alternative to cash and credit, created to retain anonymity. In essence, this spells out 21st century. Indeed, it all began in 2009, when Satoshi Nakamoto released Bitcoin, and changed the world.
It took a while for online casinos to fully embrace cryptocurrency. Indeed, many still do not like it to this day. However, most websites have accepted that it is now linked with online gambling, and very few will not give the option of using at least one crypto. The most popular choices are the big names:
- Bitcoin
- Ethereum
- Tether
- Litecoin
- Ripple
Digital Wallets
The upside of having a digital wallet is that you can make fast and easy payments at any point, and all you need is a phone, or some sort of digital authentication. E-wallets can store both crypto and FIAT currency, so the diversity in choice is there too. However, they do come with a major downside.
Digital wallets are extremely convenient. However, often times they require pretty hefty payment fees. Most gamblers are fine with paying these fees in exchange for the convenience. However, some might refuse to do so. Regardless, digital wallets remain a popular choice for gambling online, especially Skril and Neteller.
Credit Cards
The credit card is intricately linked with online casinos. Indeed, for the longest time credit card-based deposits were the only way that most gamblers had to make a deposit. Today, it remains one of the most popular choices.
And why wouldn’t it? Credit cards are widely available to most people. Indeed, a lot of people already own a credit card, so for the most part it is a simple matter of sharing the information with the casino, and starting to play. However, a lot of gambling sites have noticed a new trend.
- Debit Cards
The generations called Millennials and Gen Z are much more prone to using debit cards over credit cards. To be sure, they still have credit cards. But, it seems their preference lies in debit over credit. That means that online casinos had to adapt, as Millennials and Gen Z are more likely to gamble on the internet.
