Types of Secure Payment Methods For Online Casinos to Consider
Picking a secure online casino payment method is of critical importance. A quick look at the newspapers or online news sites will tell you that hacks, data breaches, and privacy concerns have become commonplace.
Secure casino payment methods should be the number one priority of any player in today’s environment. We’ll cover the most secure payment methods and their pros and cons here.
The Most Secure Casinos Payment Methods Online
When considering the security of payment methods, we looked at historical data breaches, encryption, and a few other factors.
We came up with the following list of the most secure methods:
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PayPal
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Paysafecard
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Neteller
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Skrill
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Bitcoin
Of these five, we consider PayPal and Paysafecard to be two of the most secure. Let’s look at why.
Why are PayPal and Paysafecard So Secure?
PayPal
PayPal has never had any major data breaches. While one of its subsidiaries has had a data breach which affected 1.6 million people, the customers’ data remained secured, according to the press release they published shortly after. PayPal has yet to hit the headlines directly for a data breach or major hack.
It also offers an extra layer of security between your financials and the casino site you are playing at. If a casino site was hacked into, all the hackers would find is your PayPal e-mail address. They can do nothing with that unless they have your password. Of course, that means you should not use the same password for your casino account and your PayPal account, as hackers will try that first, having already guessed or cracked your casino password.
PayPal also offers buyer protections which allow you to dispute any payments you don’t agree with, send you alerts when new payments are made and can lead to you getting refunds if you get ripped off.
Of course, PayPal has a couple of drawbacks, too. They have been known to freeze player accounts for silly reasons, it takes a long time to resolve issues, and they they charge higher fees than the other type of payment operators.
We advise casino players to check specialised online casino guides to get further information about this payment method. Since it is one of the most popular payment portal, there are many sources that compare casinos based on PayPal’s requirements.
Paysafecard
Paysafecard is one of the safest casino payment methods because these are disposable, one-time payment methods. That means there is literally never any trace of your personal financial information on the casino site you play at.
You purchase Paysafecard vouchers for cash at any approved outlets and can then load this credit onto your casino account using the pin code on your receipt. Think of it like the old ‘Pay As You Go’ mobile top-up cards we used to have.
This is possibly the safest casino payment method of all since there is nothing to steal. Once the credit is used, there's nothing to trace it back to. A hacker could technically use your credit in the casino, but that’s all.
Of course, there’s one major drawback - you have to find a Paysafecard outlet near you and pay cash for it. Another potential downside is that Paysafecard deposit and withdrawal limits tend to be much smaller at in and around €250.
With that being said, if you are a casino player and have used one of these payment options, comment below with your experience!
