One of the most crucial elements for a cricket betting site is to ensure that they have the relevant banking options available. Localization is key and the bookmaker must ensure that adequate options are available that allow punters to make deposits and withdrawals. At CricketBettingWali.in, you can have a look at all the different options that are available. In this article, we will discuss some of the main methods that bookmakers have to offer.
Depositing via Credit and Debit Cards
Sending money to betting sites via credit or debit card is extremely easy. Cards and reliable and safe and include options such as MasterCard, Visa, and American Express. If you prefer cards then all you need to do is navigate to the cashier of the bookmaker and fill out the relevant details which include card number, expiration date, and enter the deposit amount. These specifications may vary in different countries.
Out of the three options mentioned above, Visa is considered the largest and most successful payment method in India. Given its reputation, Visa will be found in nearly all betting sites that you wish to visit and thus your transaction is less likely to get declined. Hot on the heels of Visa, is MasterCard which is considered as Visa’s closest rival. Like Visa, it is accepted at most gambling sites and offers similar levels of reliability.
Last on the list of cards is the American Express. While Amex offers similar levels of security it is less likely to be found in all bookmakers. This is due to strict legislation which makes it difficult for bookmakers to integrate this payment method. Regardless of which option you choose, cards are a good way to start your gambling journey, just be wary that using cards usually carry a charge of between 0.8% to 1.3%.
Using E-Wallets to Transfer Funds
E-wallets have exploded in popularity especially in the gambling space. The reason for their success is that as a player you are only required to create one account that will hold all of your card information. This is done safely and securely. If you have more than one card, then you can save all of that information in one account. When it comes time to make a deposit, all you need to do is select the relevant card which will preload the information for you and you can then proceed to make a deposit. There are tons of options available for e-wallets, so let’s have a look at the most popular one first, Paypal.
You will be hard-pressed to find someone who has not heard of PayPal. The iconic blue logo has helped customers from all across the globe to make and receive payments. The company was eventually purchased by eBay in 2002 and considered by many as the e-wallet of choice. While PayPal may have asserted its dominance in the globe, the online gambling sector is one where it lags behind its competition. Neteller and Skrill are usually found in more casinos and betting sites than PayPal.
Speaking of Neteller, in 2005 it handled nearly 80% of all gambling cash transactions which ultimately led the company to pay around $300 million in fees. While its hay days might be behind it, Neteller is still considered a viable option for most punters. Skrill is another e-wallet that has offered tough competition to Neteller in the gambling world. Set up in 2001, the company is regulated Financial Services Authority (FSA) of the U.K and is considered as the most secure electronic payment service.
Last on the list of payment options is Ecopayz. Founded in 1999, this e-wallet offers all the functions of the wallets mentioned above. It can be used to purchase items, send and receive funds and also pay for gaming transactions online. Ecopayz offers support in 7 different languages and transfers can be done by using any of the 45 currencies available.
Using cryptocurrencies to make deposits and withdrawals
Rewind to five years ago and the chances are that you may have not heard of the word cryptocurrency. However, in the last couple of years, cryptocurrencies such as Bitcoin, Ripple, and Ethereum have pushed their way into the spotlight. This has led to a change in the way we pay for products and services and also how punters deposit and withdraw funds at betting sites. The most popular out of currencies is Bitcoin which was set up in 2011. It was regarded as the world’s first decentralized currency and provides its users with a plethora of advantages when compared to the payment methods mentioned earlier.
The first advantage refers to the anonymity of the transaction. Unlike debit or credit credits, users are not required to provide their details when depositing or withdrawing money. All they need to do is provide their crypto wallet address which is encrypted. Transactions via cryptocurrency also happen instantly unless traditional methods can take a bit of time. This is extremely important to players who are looking to deposit instantly or withdraw funds in a short amount of time.
As you can tell, there are now tons of deposit and withdrawal options available at gambling sites. Apart from those listed above, you can also pay by phone. These include the Swedish payment options called Zimpler which lets you transfer money via your mobile phone. Boku which was founded in 2003 is another popular payment and makes it possible for you to deposit money at bookmakers within minutes.
It is therefore an exciting time to be a player at an online casino or bookmaker. Not only are you spoilt for choice in terms of games, the platform but also when it comes to banking options. As always we recommend that you do a thorough check of a gambling site before you part ways with your hard-earned money. Always choose a betting site that is licensed which will ensure that you funds will be kept safe and secure regardless of what payment method you choose.