E-Wallets Not Bad For Privacy When Opening Accounts

November 27, 2013

We don't like to imply that there is something untrustworthy about online casinos in general, because there is no evidence to support that. In fact, the online casinos could not possibly stay in business if they were not able to deal in a straight-up manner with their customers. However, we realize that there are going to be consumers who just want to have their financial information protected; they do not prefer to expose this sensitive information to third parties in that way.

You see, some of the more familiar casino deposit methods include major credit cards, like Visa and MasterCard, along with eChecks (which are a form of electronic check) and bank transfers. Obviously with all of those casino payment methods, there is a communication of bank account or credit card information to the casino.

So how does one avoid something like that? Well, there is a method by which you would not have to give that info away, and can still open up an online casino account with cash. This is by using an electronic wallet, otherwise known as an e-wallet. This is an electronic payment system (not just for casino use, of course) where only the details about your account WITH THEM have to be transmitted to the casino. You customarily open up an account with them using a bank account or credit card to fund it. What happens when you utilize it with the casino, is, in effect, use the e-wallet as a conduit to do business with the casino cashier.

There are plenty of examples of e-wallets, and you may be familiar with them. PayPal, of course, is a very popular electronic wallet, but it is one that has frowned upon gaming-related transactions, with exception of only a few jurisdictions. MoneyBookers is known in many parts of the world, and it may also be known as Skrill, which is it re-branded name, but cannot be used in the United States. Neteller was a very popular e-wallet in the U.S., but has now been prohibited. However, it can be used almost everywhere else. There are other e-wallets, such as Click2Pay, ClickAndBuy and UseMyBank, and some of them are particular to one country or region, such as POLi, which services Australia and New Zealand. These accounts allow for money to be transferred to and from your bank, so you can proceed with confidence if you are concerned with privacy and still want to take part in online gambling.

Casino Articles