Trusted e-Web wallets at online casinos
Trusted e-Web wallets at online casinos
Estimated reading time 4 minutes
Web wallets allow players to manage their funds in one place and make easy deposits and withdrawals. But in the gambling world not all e-Wallets are treated equal. We take a look at the compatible options and which web wallets have been verified as a secure for deposits and withdrawals.
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What are e-Wallets?
A web wallet is an online account where users can store, manage, and use their funds electronically. Players open an account by entering their details and link a personal payment method from the options available, with funds appearing instantly in most cases.
The web wallet can then be used at online casinos on any device – mobile or desktop – to make deposits and withdrawals simply using the login details of the e-Wallet account. This means you don’t have to spend time filling out all the fields which normal payment methods require.
There are plenty of web wallets out there but when it comes to the gambling world only the most trusted and compatible e-Wallets are recommended.
Neteller is one of the best web wallets available in the iGaming industry due to its serious take on security and being widely accepted by secure gambling sites.
It was established over two decades ago as an online payment service but quickly became the number one choice of web wallets due to its ability to process gambling transactions quickly and easily.
Australian players can head to the website and quickly sign up for an account, where an Account ID and Secure ID is assigned via an active email address. This will be what you use when making deposits and withdrawals. Both transactions with Neteller can see funds appear instantly, with House of Jack online casino offering instant withdrawals when using the e-Wallet.
Neteller is a UK Financial Conduct Authority (FCA) authorised company and therefore you can trust your funds will be safe in your Neteller Account.
The reason why players love Neteller for gambling transactions is they can fund their account with a range of methods including Visa, MasterCard, bank transfers, and more. Find out more about the Neteller e-Wallet here.
Neteller’s rival is Skrill and follows the same concept as the aforementioned web wallet. Players can fund their accounts with paysafecard, Visa and MasterCard, Neteller, and bank transfers. Players use an email address and a self-generated password with Skrill to make deposits and withdrawals at online casinos, just as they would any other e-Wallet.
One feature the web wallet offers is known as Skrill 1-Tap where players indicate whether they want the online casino to remember their Skrill account details and only have to tap their finger to confirm and top up the next time they make a deposit. We only recommend this feature if you are playing at a secure Internet casino such as the many detailed above as they implement security features which block third parties from accessing your details. Try it at Casino.com for quick and secure deposits.
You can compare Skrill with Neteller by reading up on the e-Wallet here.
Another option available to online casino players is EcoPayz – however it isn’t as widely used by players outside of Europe, America and the United Kingdom due to the fees involved for currency conversions even when opting for bank transfers to fund the account. However, and you will find the virtual wallet accepted at many of our recommended online casinos. You can use it the same way you would use Neteller or Skrill – with an Account ID and password.
Find out if EcoPayz is a good option for you here.
What about Paypal?
While PayPal is considered to be one of the best e-Wallets available, after withdrawing from the iGaming realm in 2003 it became incompatible with gambling transactions.
When PayPal first launched it accepted gambling transactions but it came under fire for doing so and withdrew its services a few years after. In 2010 however, PayPal began to allow gambling transactions again and accepted deposits and withdrawals made with the service provided the sites operate in countries licensed for online gambling.
You can learn more about PayPal and why we can’t use the service at secure online casinos here.
Advantages and disadvantages of the e-Wallet
- Widely available: Web wallets are available at all our recommended online casinos which have been deemed as secure by real players. This means there’s no worries when it comes to signing up and not having a compatible deposit or withdrawal method.
- Convenient: e-Wallets are incredibly convenient to use. There’s no need to find your bank account details to make a transfer when topping up your casino account, or locate your card to fill in the fields and make a deposit or withdrawal.
- Fees: There are fees incurred when topping up your web wallet accounts, which can be avoided if you opt for bank transfers – but then this takes a few days for your funds to be processed.
- Slow withdrawals to personal accounts: While e-Wallets offer fast withdrawals to your virtual account, when withdrawing these funds from here to your personal account it can take a few days to be processed. Depending on the method used, you may also be charged a fee.
If you’re looking for a safe online casino to play for real money using a Web wallet service, we recommend Raging Bull Casino as our top-rated casino site for players from United States, which has some excellent welcome bonuses available for new players.