Throughout the initiation of the move from doing things manually, to automating them and moving everything online, there has been one main concern amongst many institutions. While many business sectors have taken up the task of moving things online due to the variety of benefits it offers, one of the most daunting prospects has been how to make online transactions safe and secure – and, of course, how to use them to the fullest effect.
These sectors include the banking systems, educational systems, retail and industrial sectors, gaming and gambling industries and more. For many novices and professional players playing live games such as League of Legends, roulette, poker and Warzone, for example, has never been more fun. Players find the simple and easy GUIs perfect with intuitive navigation when playing online casino games and other games directly via live events on a laptop, smartphone or pad.
As a result, many providers have created solutions that fit the criteria of the majority of the above-mentioned industries, which we will look at below. So you as an individual can feel safer the next time you make any type of transaction involving personal cash.
Industries that Have Moved Online
According to some online resources, over 90% of businesses that were surveyed said they have already or are in the process of shifting their paper-based payment systems online.
One of the primary sectors that have embraced this concept is the gambling industry and rightly so. The number of brick and mortar casinos have significantly dropped and now online casino sites are proliferating. Not just that, but they are evolving with the modernised technology era and creating more convenient ways for players to manage their bankrolls from one location.
Everyone, from you, your friends and even family members can play some form of online casino game, at home, on a trip or in the office during your break times. Online casinos are on the rise; have you ever stopped to think if there are better ways to deposit that $10 into the slot machine in front of you or the $20 on the live poker game you are about to join? Managing your bankroll is a significant part of any online casino game and once you learn how to do it, you can save yourself money.
Another major player that has done this is the banking sectors, where almost 90% of transactions are done online, either on smartphone or on laptop computers. There is no doubt that this move has had many benefits to businesses as well as individuals. There are now more options for new and innovative payment methods and consumers are using them.
Let’s first take a look at these benefits.
Payment Options for Online Businesses?
As mentioned above one of the most profitable sectors that can benefit from going online has been, and continues to be, the gambling industry. You can set up an account, deposit money and begin playing almost immediately. Most often, you may not even need to make a deposit, as some of the good ones offer free spins, free bonuses and free bets.
Sometimes you are also given a starting bonus, so many players take advantage of this and don’t even need to touch their own money throughout the game, and the bonus ends up helping them win.
There are a few ways to make online transactions in this context.
Debit or Credit cards. Possibly one of the most popular ones is this option which has become a leading way to pay, however, there are others out there that may be better. Online casinos generally accept most payment cards.
This new concept has taken over online businesses by storm and online casino sites have already added it to their payment options. An e-wallet is an application that lets you manage your money efficiently through online transactions. It is one of the most convenient ways to buy, and sell, or withdraw and deposit money into your casino account.
There are a few different ones. Whether your playing poker, online slots, blackjack or online roulette, you can easily make deposits and withdrawals using any of the multiple types of e-wallets available.
Some examples ranging from the more traditional ones to the modernized options include:
PayPal – which has been around since 1998. It is one of the safest and used by many.
Skrill – founded in 2001 and just as good as PayPal in terms of security and safety.
Paysafecard – players have the option of using their prepaid cards loaded with vouchers and have a personal pin code comprised of 16 numbers that only they know.
Neteller – similar to Skrill, Neteller is known for its simple payment solutions for online casino websites. It is internationally accepted and you can make any type of transaction directly through it.
ecoPayz – a relatively new one but a lot of players are taking advantage of its popularity and features. One of which is their ecoAccount, which keeps everything in one place and online casino players can make any payments or withdrawals with ease, especially when playing live casino games where time is of the essence, you don’t want to get caught by glitches.
EcoCard – similar to Ecopayz, this too allows you to make any financial transactions you want under one roof. Mainly used to deposit money in Canada and Europe, it does give you the option of doing this in different currencies. All you do is deposit money from your Eco Card into your e-wallet, which would have been already set up before you start playing online.
Get ready to set up your account with an e-wallet soon, because that’s where the world has chosen to move towards.
Advantages of Moving a Casino Online
From moving a traditional business to an online platform you can take advantage of many aspects.
You can reach customers internationally. A big advantage of going online is for customers to be able to compare various products and their specifications online and browse through customer reviews. When your customers have to visit the premises to perform any purchase or transaction, it limits the business to only the people that can make it to your establishment. However, if you move this online for instance onto an e-commerce platform, your reach with increase tenfold, as so will your profits.
There is an Improved sense of security. According to an intel report that was published recently, boosting your online payment options can help boost your online traffic and sales significantly. There are many ways to do this, which we will look at below.
There are fewer costs. Taking your business online can lower any admin costs for your business and the clients. It tends to reduce certain costs related to running a land-based business for example there is less paperwork involved, which in itself will save you tons of bills. It also allows for faster and direct delivery which will remove the middle man and help save money on storage space and office rent.
All in all, this is the best and simplest way to run a business without any hassles and is the easiest at keeping track.