PayPal vs Skrill & Neteller: Which is the Best E-Wallet?
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When choosing an online casino platform to play on, there are many things you need to consider. Things like game selection, gaming licenses, and customer service are very important. But the payment options available on the site are essential as well.
Apart from the customer service, the payment option also connects you with the online casino. It is impossible for you to play without money in your account.
There are several methods available for users to deposit into their accounts and for the casinos to pay winnings. However, out of all these methods, the oldest is the use of wire transfer.
This is probably still the most secure payment method. Unlike modern methods of payment, bank transfers pass through humans for approval. They also ensure the funds reach their destination. However, these extra security measures can cause delays. For these reasons, many players have made the switch to other methods.
Two popular payment options include debit cards and credit cards. With debit cards, your deposits reach your casino account in just minutes. It takes a couple of days to process withdrawals. Although there are certain processes that can delay the process, many casinos are working on those to make the process as quick as possible.
Cryptocurrencies have also become very popular in recent years, with Bitcoin being the most popular of them. These online currencies immediately became widely used. The major reasons are because they are very easy to use and they help players remain anonymous.
E-wallets (PayPal, Skrill, and Neteller)
E-wallets are one of the newest payment methods. With this method, you are able to store your money in the cloud. You also have easy access to it anytime you want. There is no delay of any kind in the withdrawal process of any reputable e-wallet.
They have become one of the safest methods for casino deposits and withdrawals. There are three major e-wallet companies serving customers.
Let’s take a look at these e-wallets and the reason why they are popular among casino players.
PayPal is the best-known e-wallet platform, and this is not only because of its extensive use by casinos. Many small businesses use this platform to accept payments. With this feature, they have helped the e-commerce industry grow rapidly.
You can save personal funds in your PayPal account in 25 different currencies. You can also use them to send and receive money from others. If you want to use it to fund your casino account, all you need to do is enter your login details. And that’s it!
The process is not only quick, but it is also very secure.
PayPal also allows you to add your local bank account. So, you can use your bank card or debit card to pay directly into your casino wallet. And you can do these without having to input sensitive banking and personal details on the casino site.
All online casino websites have their own PayPal account, which makes deposits very convenient. One unique feature is its fraud protection services and buyer authentication. This guarantees the safety of the funds in your account as well as all the transactions that you carry out.
Another thing is the absence of withdrawal fees. These features make PayPal stand at the top of the list of e-wallets. There is no other e-wallet that can match it in terms of convenience.
Neteller is one of the biggest names in the e-wallet industry. It was one of the earliest online payment platforms and one of the first e-wallets to be used by online casinos.
It was established around the same time as PayPal. But unlike PayPal, it specializes in casino payments. And its aim is to make deposits and withdrawals quick and secure.
It is one of the top e-wallet platforms that many online casinos use. The reason is that it dedicates the platform to making deposits and withdrawals easy. Neteller processes payment transactions for millions of customers every day.
A major disadvantage is that the platform charges you a 2.5% fee on every payment to your account. However, you can use this e-wallet for high-value transfers, so it is completely worth it.
The reason why many casino players use it is because of its high level of security when depositing and withdrawing from online casinos.
Neteller also has a premium offering for casino players that play regularly and make frequent deposits and withdrawals. Neteller VIP accounts enjoy some exclusive features, which include lower transaction fees and cashback on transfers.
There are different VIP levels, which include Silver, Gold, Platinum, and Diamond. A free prepaid MasterCard is available to all VIP users.
It is easy to sign up for a betting Neteller account directly on their website. You can easily fund the account since the platform supports over 25 major currencies. You get 40 different deposit methods apart from cards and bank transfers.
When you want to withdraw, you can easily collect funds from casinos and betting sites that have a Neteller account.
Another e-wallet platform that has dedicated itself to the casino industry is Skrill. It was formerly known as Moneybookers. Because it has existed for quite a while, it is trusted by players and casinos alike.
Although it is not as popular in the UK, it is widely used by casino players in Eastern Europe and Asia. The way it works is very similar to that of Neteller. It is easy to deposit money into your account, and you only have to pay a 1% transaction fee on deposits.
Withdrawals are also very easy. So, despite the fees charged on deposits and withdrawals, the platform is still very popular. Many casino players use it because of its convenience and security.
To use this platform, you have to create a virtual account that is linked to your local bank account. You have to set a strong password to ensure the security of your account. All the transactions that you carry out are secure.
Using Skrill to send and receive money from online casinos is a lot easier because of their app. In addition to your casino bonuses and promotions, it also offers its users a loyalty program. Every transaction that you carry out on the platform earns you points.
Once you have enough points, you can exchange them for rewards and bonuses. Skrill also allows you to buy and sell cryptocurrency, so you can use it to deposit at online casinos that accept crypto.
What is the best e-wallet?
It is easy to see that PayPal comes out clear above Neteller and Skrill. It is a lot more convenient to use, and unlike the other two e-wallets, it has a zero transaction fee on deposits. PayPal also has higher transaction limits.
This is not to say that the other e-wallets are bad. In fact, they have their advantages because they were created to be used for online casinos. Many casinos accept payments from any of the three platforms, so you can choose whichever one you feel most comfortable with.
You can use all these e-wallet systems to make payments in different currencies, and you can play in online casinos anywhere in the world, no matter where you are.
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