One of the easiest ways to upload and withdraw funds to and from your online bookmaker account is an E-wallet, one of the newly emerged payment options out there. It is a modern concept, answering the today’s demands of a world where money travels faster and faster.
This is due to the fact that many of the online bookmakers you will be playing at are based in countries such as Antigua, Gibraltar, Malta or Cyprus, which are basically a financial paradise because of the extremely low or non-existent taxes. Not to mention the huge number of currencies circulating in the countries where the punters come from
So it is impossible to use a direct banking system. That’s why the most popular options are licensed e-money issuers. An E-wallet is the electronic equivalent of the traditional wallet; it acts as an online bank account, offering the usual options: you can deposit or withdraw money from it, or transfer your funds to any betting site that accepts your E-wallet, and also giving you the opportunity to spend your money anywhere online, as long as you have funds in it, of course. You should expect no small inconveniences such as having to wait 3 to 4 days to pocket your income due to e-wallet / bank protocols, almost all the e-wallet services available today, offer instant upload and withdraw.
Some e-money providers offer the benefit of getting a direct MasterCard which means you can bypass the banks and you get to pocket the virtual money on the spot.
So, here are the main reasons you should choose E-Wallets:
- Reliability. Your money is always in your E-wallet, just like keeping them in your real wallet. Whenever you make a withdraw from a bookmaker, the amount is instantly transferred in your E-wallet and you can dispose of that money in whatever way you think it’s best for you. Completely free, without any fees!
- Lots of Funding Options. Say you want to make a deposit to a particular betting site but you cannot because that bookmaker does not accept your credit card, or you don’t have a credit card and can only make deposits by bank transfers that are also not accepted by that bookie. That’s where E-wallet comes in. Most bookmakers, if not all, accept E-wallets as methods of payment. So, fund your E-wallet and then transfer these funds to the bookmaker of your choice and your problem is solved. E-wallets accept almost all deposit methods – even checks, although we wouldn’t suggest using this method simply because it takes too long (over seven days before the money are transferred).
- Privacy. Maybe you don’t want all the transactions you make to online betting sites to appear on your credit card statement. E-wallets work as a screen, masking the directions you send your money. Remember, E-wallets can be used for more than just betting – you can make purchases at online merchant as well. The transaction history of your credit/debit card will show only transactions with the E-wallet company, nothing about betting sites. Also, unlike credit cards, with E-wallets you don’t have to write down your personal details every time, thus making the money transfer more secure.
- Professional gambling. Experienced gamblers use E-wallets. They usually place bets at more than one online bookmaker. So, if they find better odds, or find a match offered only by a certain bookmaker, or there is a short term bonus offer at another, they can move their funds with ease through E-wallets, withdrawing money from a bookmaker to fund another. Instantly!
It is fairly easy to open an E-wallet account. Choose your company, go to their website, fill out the register form with your personal details and, most importantly, don’t forget to put funds in your newly created account, taking advantage of the large variety of payments accepted by E-wallet providers.
When it comes to money, it’s very important to keep safe, since it would be frustrating to find yourself in a situation where you cannot withdraw your earnings due to some scam. Research your e-money issuers well before you choose one and read as much from other users as possible until you get a good idea for yourself of their services.
We would like to present you two of our favorite e-wallets providers, which services we have been using for years now. Each of them is different, having its distinct advantages, depending on the type of gambler you are. However, they have a thing in common as well – great quality of service, good bonuses.
Take you time to read the reviews which we have prepared for you and make the best possible decision for you.
This post is also available in: Romanian