What are ewallets?
Be it for gambling or shopping, everybody should have an e-wallet account. Whatever the reason, make sure you sign up for one. All e-wallets are free to open.There are several major e-wallets on the net, but we’ve identified Skrill and Neteller as the most popular for online casino players.
You may have heard the word tossed about your favourite online casino; but perhaps you aren’t familiar with e-wallets? E-wallets represent the safest and most secure way that you can deposit money into your online casino account – bar none. Oh, sure, prepaid vouchers like Paysafecard are also 100% safe. There’s a drawback to them, though. You can’t withdraw your winnings with them. With e-wallets, you can.
An e-wallet is as it sounds: it is an electronic wallet, or a digital wallet. You probably already have one and don’t even know it – PayPal for instance, is an e-wallet. PayPal isn’t widely accepted in the online casino world, though, but there are plenty of others which are. If you don’t have one yet, you’re probably wondering how they work?
Basically, after you have registered for an e-wallet account, you can send money from your credit card or bank account to that e-wallet account. From there, you can safely top up your online casino account simply by entering your e-wallet address into the deposit method box at your casino. You needn’t ever hand out your financial or banking information (especially your credit card details) to anyone, even the casino.
When it comes to withdrawing, the process is just as simple. All you have to do is click on your chosen e-wallet, withdraw the funds to that, and if you want to have them in your bank account, transfer them on. You see? 100% secure, with no security information being retained by the casino.
Play or shop at the same time
Now that you know about the security benefits of having an e-wallet, you might be asking yourself another question. Is it really worth getting an e-wallet if you don’t play online very much? Well, yes, actually. E-wallets can also be used for other things, aside from gambling online.
E-wallets are also hugely popular when it comes to shopping online. Amazon, eBay and many of the other top online retailers also accept payment via e-wallets. The perks of this are just as clear as with online casinos. You needn’t hand out your banking information. However, some e-wallets have special deals with online retailers, which can see you pocket some pretty nifty bonuses, such as discounts.
It might sound strange, but e-wallets can also be used to purchase goods in person. How can that be? Some e-wallets offer you prepaid cards. Now, before you instantly turn away from the idea, let us explain. These prepaid cards are Visa and Master Cards, however they are only linked to the funds in your e-wallet. For instance, you cannot have an overdraft, and you cannot spend what you don’t have. If it isn’t in your e-wallet, you can’t spend it. Simply top up your e-wallet, and you can purchase things in land-based shops with your prepaid card. That is very handy, especially if you want to buy secret gifts without your loved ones checking the credit card bill, and ruining surprises!