One of the main reasons that the Internet gambling industry has evolved so quickly involves the heightened ease and accessibility that players enjoy to user-friendly online casino real money banking services. eBanking services are more robust and more secure today than ever which gives players around the world the confidence to gambling online.
Today, regardless of the ebanking service that you prefer, you can enjoy a safe and seamless real money casino event that meets your preferences and expectations.
Casino Banking
From the early days of the online casino in the 1990s, the issue of how gamers would be able to make deposits and withdraw winnings was a major concern. Many of the early online banking services were not particularly safe and many would-be gamers were not accustomed to banking online.
Payment methods such as credit/debit cards and bank transfers weren’t applicable to all customers and there were limitations that weren’t always suitable. Of particular concern was the lack of secure protocols that made sharing personal and financial information online unsecure.
By the early 2000s, services such as evouchers, ewallets and payment gateways started to emerge to offer a secure third-party intermediary that could handle casino transactions. These services allowed players to deposit money into their casino accounts for wagers and withdraw their winnings from their casino accounts where they could then use the funds for further purchases of goods and services.
Thanks to these services, players enjoyed the additional level of privacy and security that had been lacking to that point.
In recent years, many of the top online casinos have adopted cybercurrency payments options so that crypto users can use funds in their crypto wallets for their gaming entertainment. Digital currencies such as Bitcoin, Bitcoin Cash and Litecoin offer instant, anonymous and secure transactions. Thanks to the decentralized nature of crypto, the transaction fees are minimized, currency conversion rates are maximized and there is no need for intermediaries.
Future
Many online casinos are already exploring the possibilities of mobile payment solutions such as Apple Pay and Google Pay, which will add an additional dimension of transparency to the online casino gaming experience.
Security Measures
Both the online casinos and the online banking services are increasing their security measures to cope with the heightened threats from hacking and cyber attacks. These types of attempts are becoming more common and more sophisticated, necessitating better SSL encryption methods.
Most online banking services also employ two-factor authentication protocols in order to safeguard their player’s personal and financial information.
A new protocol involves Know Your Customer (KYC) which is standard practice that many casinos use to verify players’ identities. This process is mandatory in many locales and mandates that players verify their identities by providing photocopies of ID documents and other papers that confirm the player’s address and age. KYC is also used to safeguard players' personal and financial information.
Finally, reputable online casinos used games developed by certified gaming developers who have licenses from recognized gaming authorities that attest to the fact that the casino adheres to stringent regulations that protect players' rights and funds.
Grande Vegas Casino Banking Services
Grande Vegas online casino supports a wide range of ebanking services that allow gamers to easily facilitate their casino banking transactions. These services include
- Visa Credit Card – the Visa credit card is connected to your traditional land-based bank account. The money that you deposit in your casino account will be deducted from your brick-and-mortar bank account together with your other credit card charges when you pay your once-monthly bill. To make a deposit at the casino with your Visa credit card, click on the “Visa” logo on the casino’s banking page and submit your credit card details. Confirm your payment information and then charge your casino deposits to your credit card as you would with any other credit card deposit.
- BitCoin – Bitcoin is the first and most popular cybercurrency payment method. You can deposit as many digital “coins” into your casino account as you want by placing the casino’s bitcoin address into your bitcoin wallet, indicating the number of bitcoins that you want to send and pressing “payment.” Your bitcoins will arrive in your casino account almost immediately.
- Bitcoin Cash – Bitcoin Cash works similarly to Bitcoin deposits and withdrawals but there’s a lower transaction fee and faster data transfer with Bitcoin Cash. On the flip side, Bitcoin Cash isn’t as secure as Bitcoin because it involves larger blocks. The decision of whether to use Bitcoin or Bitcoin Cash is the player’s.
- LiteCoin – Litecoin is another cybercurrency payment method where you use your cybercurrency wallet to make deposits in coins and withdraw your payouts in cybercurrency coins.
- WireTransfer and Transfer Money – WireTransfer and Transfer Money allow you to make wire transfers of funds from your land-based bank to your casino account. Link your bank account to your casino account on the casino’s banking webpage and you can transfer any amount of money at your convenience.
- You can load up your ECO Card at any participating kiosk with funds and then transfer those funds to the casino to be used for deposits. When you are ready to withdraw funds, you can withdraw your wins back to your ECO card for use for purchases at any ECO-supporting vendor.
The evolution of online casino banking has transformed the gambling landscape to one where you can find many different types of secure payment options. Virtual gambling has never been easier!
