The Importance of Secure Transactions When Playing Online Casino Games

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Multiple payment gateways or support for an array of banking options helps gambling brands maximize their accessibility. That said, players should be cautious when choosing how they transact. If there is one thing we’ve learned is that there is no shortage of exploits and creativity in the world of cybercrime. Once the site with sensitive information is compromised nobody feels safe.  

It is for that reason that casino Paysafe products or e-wallets such as Neteller and Skrill, exist. They aren’t perfect by any stretch of the imagination but they are a more prudent choice compared to alternatives. Stick around as we will tackle some of the big pain points of the ever-so-present online transfer. What does a secure transaction even mean? What are the risks? Which method should you opt for? Here is everything you need to know! 

Common Risks in Online Casino Transactions

Financial crimes and risks are usually complex so we would digress too much if we tried to explain everything in detail. To that end here’s a TLDR version of the common risks that both players and operators are exposed to. .

  • Fraud. There are several easy ways someone can become privy to your sensitive data. Phishing in particular is a common type of fraud where scammers try to trick you into sharing sensitive information. 
  • Chargebacks. Operators are especially vulnerable to credit card chargebacks, and many outright don’t accept credit cards for this reason alone. 
  • Lack of encryption. This means that your sensitive financial information, like credit card details or bank account numbers, is up for grabs to third parties. 
  • Money Laundering: Historically casinos have been used to launder fraudulent proceeds. This is why there are strict deposit and withdrawal limits even in Paysafe casinos that operate online. 

What Makes a Payment Method Secure?

Both players and operators want an option that can circumvent the mentioned risks. Paysafecard vouchers tick all the boxes and are popular all over Europe. Gamblers in the UK and in new markets like the Netherlands love this method. 

First, it has instant processing and you don’t share sensitive financial information. Everything is done via a unique code that has a one-time use. Also, the transaction volume is limited so it’s not considered high-risk. This is why players actively seek out casino PaySafeCard deposit-compatible brands by using trusted review sites and their rankings. It’s easy to see why it became a hit with Dutch players in recent years. 

Additionally, there are other online casino Paysafe products that gamblers typically use. These are of course Rapid Transfer Skrill and Neteller and both are owned by PaySafe financial company.

How to Choose the Best Payment Option for Online Casinos

This really comes down to what’s most important to you, in terms of efficiency and safety. If security is your main concern, using an online casino Paysafecard voucher option should be your go-to choice. This is especially true if you are playing on a brand-new casino account. Of course, other vouchers like Neosurf are a good alternative, provided your operator accepts those. 

Bear in mind that casino deposit Paysafecard has its utility limits. Namely, it is a one-way street much like any other voucher. Meaning you can’t use this same method to cash out your winnings. Luckily casinos Paysafecard also accept the mentioned e-wallets (Skrill and Neteller) and these can be used for withdrawals.

The problem is that your login info can fall into the wrong hands and funds on these wallets would be compromised. Luckily, you can set up 2-factor authentication to prevent unauthorized access. The same security feature is also available on other prominent digital wallets:

  • PayPal
  • Zelle
  • GPay
  • ApplePay
  • Cash App

However, online gambling operators are more likely to have support for Skrill and Neteller payments. 

Generally speaking, you want to look for payment methods that offer quick deposit times, low fees, and easy withdrawals. Withdrawals almost always depend on the casino itself, but when it comes to speed and feeds, cryptocurrencies are starting to take the stage as a legitimate payment method in gambling. 

Extra Tips for Ensuring Safe Online Casino Transactions

Bear in mind that a safe online gambling experience doesn’t revolve around transactions. Picking the right brand and even the way you sign up play a role. Here’s what you need to know.

Choose Reputable Casinos

Look for brands with a valid license from Malta Gaming Authority, Curacao Gaming, UKGC, and/or Kahnawake. If a brand doesn’t have one of these licenses then check whether it is eCOGRA-certified, or whether it has a fair game certificate from trusted auditors like iTechLabs.  In essence, this means they have probably fair games. 

It’s also a good sign if they host games from leading studios like NetEnt, Evolution, Pragmatic Play, Playtech etc. All of these brands are legitimate and you’ll have plenty of slot games to choose from when you start. it’s going to be fair and square. Finally, whether you’re using a Paysafecard casino online or another payment method, always ensure the platform has good reviews and a proven track record.

Use Strong Passwords and 2FA

It’s been said a countless time but many still find it troublesome to have complicated passwords. But this really increases the security of your casino online Paysafecard account.  Just keep a separate document somewhere and copy-paste them from there. It can even be on your phone. The important thing is to use a hard-to-crack and long stream of symbols that way your account can be safer. The same goes for payment accounts. 

Also, you can use Google Authenticator or a similar app for 2FA logins and set the devices that are to be trusted. Even that won’t be necessary in some cases given how the best online casino Paysafecard operators already have this feature on the site. 

Final Thoughts

Although we’ve made a compiling case to use Paysafecard online casinos, the truth is they aren’t available worldwide. Luckily similar payment companies and their products are usually solid replacements. In many regions, you can add funds via SMS payments which is once again a perfect solution if you don’t feel like sharing the card information.