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How Online Gambling Stimulates Digital Payment Market Growth

Companies / Online Gambling Mar 04, 2019 - 10:57 AM GMT

By: Submissions


These days, online casino sites really go the extra mile offering their customers as many perks and bonuses as possible to make their e-gaming experience fun and smooth. There are hundreds of top of the line ewallet casinos that give their players a possibility to deposit their funds and withdraw their winnings through safe, secure and reliable digital wallets.

Estimating The Value Of iGaming Industry

Internet gambling has evolved tremendously since its early days. It’s the type of entertainment that is outstandingly popular among people who enjoy playing their favorite online games and making some money at the same time. There are both benefits and drawbacks to playing at online casinos. If approached wisely, online gambling provides a smart well-prepared player with the best things the industry has to offer: top quality games, generous bonuses, security, the thrill of the game etc.

With an estimated worth of $56 billion in 2018 that exceeded even Disneyland, online gambling is one of the most profitable internet businesses. Hundreds of people from across the globe are joining online casinos sites every day to play different kinds of internet games and have fun gambling on the net. All these iGaming fans need is a secure and reliable solution to manage their finances. Currently, one of the best banking solutions within the online gambling industry are e-wallets.

What Helps Gamblers Count The Wins?

One of the most important factors a lot of experienced online gamblers base their search of a reliable online casino upon is payment method. Typically, online casino websites would need their clients to submit some sort of payment details anytime they are up for playing. However, this was highly uncomfortable for the players. The need to design a more functional and reliable payment feature arose. Consequently, a wallet mechanism was launched.

By making the most of modern e-wallets, online gamblers get immediate access to the games they are eager to play and the bets they want to make. Whenever a person is up for gambling online for real money, all they gotta do is register with a casino site, use an e-wallet to top up their gambling balance and they’re free to start the game immediately. The process is so convenient, so easy and it takes only a few minutes of one’s time!

Using top quality internationally renowned e-wallets like PayPal, Skrill, EcoPayz, and others is preferable because they are secure and confidential. In addition to this, top e-wallets have minimal processing fees, and that’s exceedingly convenient for online gambling fans. Last but not least, there are hundreds of online casinos that accept PayPal, Neteller, Skrill, ecoPayz and other best quality e-wallets. Online gambling fans love this kind of freedom of choice.

Small Progress With Every Step

The online payment market has become so fiercely competitive that online gambling sites offer bonuses to players for opting for this or that payment method. What is more, some payment solutions have been launched specifically to cater to the certain online casino target audience, for example, Zimpler in Sweden or ecoPayz in Europe and Canada. By the way, EcoPayz is currently one of the most popular e-wallets among online gamblers throughout the world.   

Today, e-wallets have become the most popular choice for online gambling deposits. Online gambling enthusiasts are more likely than ever to use e-wallets to manage their deposit funds and their winnings. Because the online casino industry happens to result in some of the largest annual transactions online, it’s fair to say that online gambling, this thriving global enterprise, has driven digital payment market growth into a whole new world of innovative banking solutions.

In other words, the skyrocketing industry of online gambling is one of the key sources of innovation in digital payments. Along with other global e-commerce enterprises, online gambling has vastly contributed to mobile banking development.  While business payments are still at the beginning of their digital transformation, transactions related to online gambling are in full swing. Today, you can make transactions effortlessly and on the go, using only your mobile device.

Online gambling operators do their best to adapt their service to their customers’ needs, providing unparalleled levels of security, introducing innovative payment methods and perfecting traditional ones. A lot of online casinos now accept cryptocurrencies and provide highly confidential pay by phone services. In years to come, we will definitely witness even more impressive boost in the online banking industry development, mainly due to the vast demand coming from the iGaming world.

By Amelia Flynn

Copyright © 2019 Amelia Flynn - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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