The video game industry has seen monumental growth over the past decade, surpassing, in some ways, the film and music industries combined. And with an increasingly online population, one of the most successful areas of the gaming world is the online marketplace.
There are several pricing strategies that developers and publishers can use, and each of them (freeware bar which is completely free) requires a method for players to make payment. Many of the most popular modern titles may start out free, but offer in-app purchases to access premium features, services, or virtual goods.
Transferring money from an individual to a game distributor requires the services of an intermediary. Many reliable gaming sites offer a range of payment options to their customers to ensure that the most popular alternatives are covered.
The casino industry is a prime example. Take the market leaders in 888 games, their online poker The site accepts credit cards: Visa and Mastercard, debit cards like Maestro, online e-money services: PayPal, Neteller and Moneta, as well as bank drafts and checks to name a few. .
And while we don’t encourage people to make payments online using all of the methods listed above, it’s instructive to see the range of choices available.
The number of online gambling transactions made is increasing every day and the main concern of customers is that their payments are secure. High profile reports of data leaks, scams and online fraud have rightly made consumers more vigilant when making payments on the web.
Each of the popular payment methods has built-in security features to protect buyers and it’s worth being aware of your responsibility. Plus, we’ll dig deeper into the choices available to you and, based on your requirements, what might be the most suitable for your needs.
Card payments are perhaps the oldest form of internet payment that we have become accustomed to in the modern world. Aside from the fact that you might have the tedious task of entering your card details – some browsers offer to save them to a wallet to mitigate this – they’re simple to use and are usually free if you pay in your local currency.
The big caveat with card payments is that you have to trust the destination site or app to have their encryption methods up to snuff. On top of that, there’s no real way to know how securely your information is stored.
If you have a choice between debit and credit, always opt for credit cards when paying online. Debit card payments leave your account almost in real time, so it’s harder to get your funds back if something goes wrong. Conversely, you have more time to pay off your credit balance and subsequently benefit from greater consumer protection.
Digital Wallets or e-wallets are also popular choices for online payments as they place an additional barrier of security between the payee and the payer’s funds. Increasing this distance provides extended protection against online fraud and, depending on the terms and conditions of the service, improves the likelihood of recovering illegally lost money.
PayPal Accounts is the best-known e-wallet and has been in operation since 2001. Users only need to enter their financial information once and then it is kept safe with PayPal.
This speeds up the in-game purchase process since you don’t need to retype long account numbers. Fees depend on a few factors, so if you’re using PayPal, be sure to read the terms and conditions.
Other digital wallet options are Neteller and Skrill among several others. Neteller, Skrill and PayPal all offer slightly different services when it comes to foreign currencies, stored cards and recurring billing, so compare each to your needs before making a decision.
Gone are the days when bank transfers were the default online payment system. Having been replaced by more convenient and secure alternatives, it is even rare to find e-commerce sites accepting this method of payment.
Especially when it comes to online gaming, while it might be appropriate to buy a title outright, long transfer times mean it’s impossible to make in-app purchases or DLC fast enough. Never give your bank details except to someone you explicitly trust. Additionally, recent regulations in Ontario have been implemented in order for iGaming operator platforms to operate identity authentication protocols when a new player creates an account or makes a transaction, making the payment process seamless and secure.
Available only on a range of Apple devices, Apple Pay is a relatively new payment system that uses your biometrics – facial ID or fingerprint – or device passcode as a security measure to access your funds. Some applications, especially those purchased through the Apple App Store, are compatible with this payment method, which makes it easier to buy new titles or content in your favorite mobile game.
Due to the introduction of new regulations as a result of collaborations between iGames Ontariothe Government of Ontario and the Alcohol and Gaming Commission of Ontario, he helped establish a new online gaming marketplace to help protect consumers who gamble through private gaming operators.
Players can find the full list of approved operators in Ontario where they can make the safest choice when it comes to their online gaming experience and payment processes are securely secured. Additionally, this partnership has encouraged major iGaming providers to become leaders in their market, sharing the latest news and happenings within their platform as the market continues to evolve.