The Best Mobile-Specific Payment Solutions for Mobile Casino Gaming

The most important thing to enjoy mobile casino playing is the availability of smooth and safe payment methods. There is no need to be tied to the desk anymore, and gamers are ready to make deposits immediately online and withdraw their money with no fuss; all directly through the smartphone. This in-depth guide explores the best mobile-specific payment solutions for mobile casino gaming, focusing on how these methods allow you to pay mobile casinos with ease and confidence. We will explore the ten best options that are relied upon by gamers all over the world and you are bound to get the one that best suits you in your game on the go.

Paypal

PayPal is a major cross-border financial technology corporation specializing in the provision of an online payment system as a digital substitute of conventional approaches. It is a payment processing, money transferring and online shopping (at millions of merchants around the world) facility founded in 1998. PayPal offers individual and business accounts, custom functions such as debit and credit card, invoicing, cross-border payment and cryptocurrency. It offers end-to-end encryption, fraud protection, and buyer/seller security programs with a high priority, but there exist possible frauds to watch out for. Although it can charge a fee on some transactions, e.g. an international currency conversion, domestic personal payments where the source of funds is a PayPal balance, or a bank account can be free.

Paysafecard

Paysafecard is a pre-paid online payments system and is intended to provide a more secure and convenient method of paying online similar to paying by cash but with less necessity to give personal financial information. Prepaid codes may be purchased by users and then can be used to pay at thousands of online shops over the whole world through using sixteen-digit PIN. It also provides a "myPaysafe" account which allows controlling PINs, balances and accessing extra facilities such as a debit Mastercard and IBAN in specific countries. Risk-free transactions are the focus of the service, whilst a facility to monitor spending and a customer support service is accessible to help.

Ecopayz

EcoPayz is an online payment platform in the UK, a regulated payment platform by the Financial Conduct Authority that provides a digital wallet that supports global money management, and gives users the opportunity to send, receive and spend money in many currencies (45 or 50). Its important characteristics are the multi-currency ecoAccount, ecoCard (a prepaid version of a Mastercard card), and ecoVirtualCard to make online payments. It provides transfer of money immediately between ecoAccounts and has a wide merchant acceptance including Game sites on a mobile app, and has a tier based account system (Classic to VIP) with more benefits, with a high level requiring verification of account and some transactions having fees.

Instadebit

InstaDebit is an online banking transfer payment channel that is restricted to Canadian consumers and is used as a third party between the Internet user and the merchant so that user would not reveal his/her sensitive banking details to the merchant and instead process the online payments with the help of InstaDebit. It has high-level encryption, deposits, and withdrawals are convenient and users are anonymous because they do not disclose their bank information. Deposits to a merchant account have a fee of 1.95 CAD and a withdrawal to a bank account costs 2. Unlike an e-wallet, InstaDebit also does not require funds to be stored in an InstaDebit account over periods of time and the service may also be geographically-limited.

Visa

Visa card is a type of payment card that functions on Visa network, a global payments technology corporation that offers the platform of electronic payments. These cards are issued by banks and other financial institutions as opposed to being issued by Visa Inc. itself, and they may be in categories such as credit card, debit cards, prepaid cards, gift cards, and a few others. The Visa cards can be used in any part of the world as they are accepted at millions of places on the Internet and in-store, ensuring convenience and powerful security mechanisms, such as EMV chip technology and zero liability protection. Further, Visa credit cards are available in different levels with various offers, and its proper usage can contribute to the establishment of credit history.

Mastercard

Mastercard is an international financial service institution that was founded in 1966 and is based on an elaborate payment network capable of executing an electronic transfer of money among the banks of merchants and issuers of financial cards. It does not issue cards or charge cards directly to those consumers, instead gives the infrastructural support to debit, credit and prepaid cards transactions which are accepted in more than 210 countries. Mastercard makes money by charging fees on issuing organisations, data processing and international transactions, and has different levels of cards and co-branded collaborations. With the focus on security, it employs state-of-the-art protection such as tokenization and biometrics, as well as offers services beyond payment, such as fraud prevention, and data analysis.

Neteller

Neteller is a popular digital wallet and an online payment system allowing fast and secure exchange of funds, online purchases and cryptocurrency buying and selling. It is a universal network that enables any customer to receive and send money to different parts of the world without having a bank account, shop at hundreds of online stores and control their cash resources with 128-bit encryption. Major points are transfers of money across international borders with no charges on some transactions and in the UK and EEA, the opportunity to use a Net+ Prepaid Mastercard to make purchases in stores and cash out of the machine. Although a basic account does not cost any money, the person should know that there are possible fees connected to withdrawal of money and unused accounts along with regional restrictions to some features such as using the Net+ Mastercard.

Skrill

Skrill is a digital wallet platform based in London and under the Paysafe Limited group of companies that make safe and easy online payments and money transfer across the world. Users can move the money around, transfer money in more than 40 currencies and shop online with the help of an email account and a password. Skrill is also suitable to trade in cryptocurrencies (more than 40 types) and issues a Visa Prepaid Card. Although the active usage is usually free, transaction fees are charged on money transfer, conversion on the currency (from 0 to 3.99 FX fee), and on the prepaid card. The niche industry advantage that Skrill has more commonly in forex and iGaming, it has other strengths over some platforms such as PayPal in particular applications, and its support of global currencies and integrated Bitcoin makes it superior to Payoneer.

Trustly

Trustly is a Swedish fintech based company that offers a safe source of online bank payment where consumers and merchants have direct access to their account. This does not require credit cards or wallets and has direct bank-to-bank transfers with tightly secured bank privacy levels achieved by utilizing the highest level of bank-grade encryption and never saving customer login details. The merchants find the service convenient, swift and economical with the use of open banking to enable the settlements in real time. Being licensed by the Swedish Financial Supervisory Authority, a Preferred Partner of Online Banking Payment & Verification at Nacha and a major player in the European market, Trustly is a strong company.

Sofort

Sofort, which is German slang term describing the word instant, is a widespread form of online transaction in Europe that allows a customer to secure a purchase in an online store directly through a bank identity. It is quick, convenient and very secure making it directly connect the bank account of a customer to the account of the merchant, eliminating the need of a third account. The main advantage of this technology to merchants is that the chances of chargeback are avoided since payment confirmation is immediate. Sofort is available in some countries in Europe but is now under ownership of Klarna who have incorporated the service into their Pay Now payment function since 2014, thereby providing instant payments, although differences do exist between the solo Sofort and its Klarna-based counterpart.