Secure Funding Methods Key to Online Gambling

Published Friday, April 20, 2018 -
Secure Funding Methods Key to Online Gambling

The internet gambling experience is dependent on the availability of payment methods that safe and secure. The introduction of payment processing firms to the online gambling mix creates a real concern for players that are not sure if what they are doing is legal or compatible with the jurisdiction guidelines.

Online payment solutions for gambling are continually evolving, as operators try to keep up with the growing action as well as threats to privacy and security in cyberspace. The online gambling industry has been plagued with the problem of payment processing with consumers looking for the best method while operators look for the most secure for protection. Credit cards wire transfers electronic wallets and now complicating things even more there are casinos that accept virtual currencies such as Bitcoin.  

During the evolution of online betting governments and regulatory bodies around the world have used prohibition on money processing as a method to keep internet betting operators legal in their jurisdictions.

Skrill, is a subsidiary of Paysafe Group Limited that is based in the Isle of Man and regulated in the United Kingdom. It was acquired by a consortium of The Blackstone Group and CVC Capital Partners at the end of 2017 and has been a solid example of a safe bet for money transactions involving internet wagering for years.

The firm has an option called Skrill Rapid, allowing users to deposit funds into online gambling accounts directly from their bank accounts without sharing specific details with the gambling operator. The safe use of information by Skrill Rapid still allows instant deposits without extra charges. The Skrill Rapid service is used in partnership with as many as 170 European banks and over 200 Million users now have access to this particular service without having to register personal information. A simple and safe secure transaction method is the key to an enjoyable online betting experience for consumers and operators.    


Related news

Return to Latest News