Mobile Payment Solutions For Bingo Players

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As it is commonly played in large halls, bingo is a very social kind of game. This can be a good thing if you feel like hanging out with people. But if you like playing your favorite game in the solitude and comfort of your home, then online bingo is what you need.

With the dramatic rise of the i-gaming industry over the last decade, online bingo has also exploded in popularity. These days, you can even play bingo on your mobile devices! Since it is a service, you have to pay for those virtual bingo cards.

This is where online and mobile payment options enter the picture. The good thing here is that there is plenty of choice for bingo (and online casino) players. There are dozens of different payment options online.

But that also makes things a bit complex, as most of these payment options usually have some limitations. Some may not work in certain regions or countries. So it is incredibly important to take a look at the payment options supported by an online bingo site before you start playing there.

You definitely don’t want to end up winning a jackpot, only to learn that your preferred payment option is not available at the site! So without further ado, let’s take a quick tour of the popular mobile bingo payment options you will find online in 2019.

ecommerce, online, marketing

The main categories of mobile payment options

Mobile payments available at online bingo platforms are no different from what you would find at most e-commerce sites and online casinos. You will find these following payment options or at least a few of them if not all, at a bingo site:

  • Credit cards
  • E-wallets
  • Prepaid Cards
  • Cryptocurrency

Each payment option has its strengths as well as key weaknesses. You have to assess their suitability based on your requirements, preferences, and limitations. Here are the key factors you have to consider when picking a payment option:

  • Availability in your region
  • Money transfer speeds, both deposits, and withdrawals
  • Privacy of financial information and identity
  • Safety & security
  • Any fees or extra charges involved

Let’s analyze each of these types in detail based on the above considerations.

Credit Cards

As far as availability and ease of use are concerned, these cards have no equal in the online arena. Virtually everyone who has a bank account will have at least one card, if not more. VISA and MasterCard are the two main brands in this business. Most major banks partner with them to provide cards.

When it comes to withdrawal speeds, credit cards are often not the fastest in the business. They can often take anywhere from 3-5 days to clear transactions to your account. While their security features are quite good, credit cards don’t offer much privacy.

The details of transactions are available to your bank, and receipts can also land in the hands of other people. If you don’t want anyone to know your spending habits, credit cards are definitely off the table.

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E-wallets

These include online services like Neteller (https://www.forbes.com/forbes/2005/0425/046.html#2cd4ca097830) and Skrill. They have grown in popularity in recent years due to their many advantages over credit cards and banks in certain key areas. Accessibility is not a major challenge as it is quite easy to create an e-wallet account online these days.

And since they act as an extra layer between the bank and the casino/bingo site, they also provide some much-needed privacy. Since these are all run by major corporations, most e-wallets also boast of the best online security features.

But the killer advantage you get from using an e-wallet of online bingo is the transfer speeds – even withdrawals usually take no more than 24 hours. But as a middleman, they usually charge you a little extra on the side, but the advantages more than cover the additional expense.

Prepaid Cards

Though not widely available in all markets, prepaid cards are growing in popularity due to their superior privacy features. They work just like old “burner” phones that you could buy, use, and throw away. Paysafecard, Astropay, and Ecopayz are two of the most popular options in this segment.

You can buy these cards either online (virtual) or as actual paper cards from a supermarket or vendor near you. They come with a 16-digit code that you can use to top up your bingo account. Since your bank details are not involved in these cards, you get maximum anonymity and privacy.

One major issue with these cards is that they are not available for withdrawals. You can only use them for fast and anonymous deposits.

Cryptocurrencies

Unless you have been living under a rock, you probably know about bitcoin. The famous online currency (https://jt.org/how-to-trade-bitcoin-on-iq-option/2019/) is a very popular payment option for online bingo and casinos due to its excellent security, incredibly fast transactions, and total anonymity. And on top of that, all transactions are absolutely free.

On the downside, bitcoin and cryptos are still a niche segment only used by enthusiasts. You have to open a crypto wallet and buy bitcoins at online currency exchanges. It can be a bit hard for beginners to master. They are also banned in some countries.

Final Thoughts

Regardless of their individual cons, all mobile bingo payment options offer incredible convenience to players. They facilitate the entire process of playing bingo online and winning amazing cash prizes. To learn more about these payment options visit: https://www.whichbingo.co.uk/payment-type/pay-by-mobile/

 

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