The British gambling industry has experienced a huge boom over the past decade and the growth is amazing after the invention of the internet. The operators offer quality services by providing many ways than ever before to balance out the fun and the money. Why the gaming industry is rising exponentially?
The variety of exciting and high-quality games, the sheer number of online casinos, and the advancement of the payment systems are the main reasons to the gambling sector development in the UK. As the online payment industry widens, in this article, we’ll take a look at the new online gambling payment methods there.
For mobile deposit, the gamblers have the opportunity to add funds to their online account without their bank information. Choosing the best UK pay by phone casino sites is lucratively allowing them to make an easy and fast transaction in total privacy and safety. The players just simply send a text message with the amount of money they want to deposit.
Then, this fund will find instantly into their account giving a thrilling casino experience. The method is appreciated by most of the mobile players as the process will only take them just a few minutes. Among the frequently used options are Boku, Siru, Neteller, Payforit, and more.
Apple Pay & Google Pay
Due to the advancement of the technologies, new payment methods will replace the popularity of the e-wallets and credit cards. Apple Pay & Google Pay are the mobile wallet payment systems permitting you to pay via your phone mobile. The main benefit of choosing these two attractive methods is their simplicity. These two mobile wallets work with NFC technology; thus, they can be used on Android devices, including phones, tablets, and watches. Apple Pay can be downloaded and installed on your iPhones and your iPads. To make a payment on a gambling site using this option, download the Apple Pay app and enter your bank account or credit card.
Concerning Google Pay, the combination of the payment in Google Wallet and the functionality of Android Pay is accessible on Android phones. With this process, the gamers can store credit card information on their Smartphone. Google Pay works also with some well-known credit cards such as Visa, MasterCard, American Express, and Discover.
Another new payment solution that seems interesting is UPayCard. Based in the United Kingdom, this solution is a reputed e-wallet that follows the strict regulations of the FCA (Financial Conduct Authority). UPayCard functions like most e-wallet options and can support many online transactions. Considered as one of the fastest rising payment solutions in the world, UPayCard has accelerated its popularly in the gambling industry.
When depositing, the players can add funds to their account by using other methods like Mastercard, Bank Wire Transfer, UnionPay, and Visa. UPayCard is convenient because the gamers can deposit and withdraw their money. With the rules and security measures, this method provides a flexible and secure payment option.
Cryptocurrency payment method is a real trend in online gambling used on some British casino sites. We may have already heard about the three terms: cryptocurrency, bitcoin, and blockchain. Cryptocurrency is a virtual and digital currency created by the unknown inventor under the pseudonymous of Satoshi Nakamoto. The bitcoin is the original cryptocurrency which is popular and most used on transactions. As for the blockchain, this technology is used to record all the transactions of a currency.
The common advantage of using this innovative method is the confidentiality of the gamblers on each transfer they make. Another benefit of using Cryptocurrencies is the free transaction or low fees. Nevertheless, as it is a digital technology, this payment method can be subject to cybersecurity breaches.