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7 Most Secure Online Casino Deposits

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Transacting online is generally safe. Still, to be clear, it carries the small risk of losing your money or data to fraudsters. When depositing money to casino sites, there’s also the risk of losing your money to unsafe websites. With that in mind, the type of payment method you choose matters a lot. It affects your security, deposit limits, fees, withdrawal speeds, and freebies. Below is an overview of the best, safest payment options for online casinos.

1—PayPal

PayPal is one of the biggest digital wallets in the world. It was launched in 2000 and increased after eBay adopted it as the ideal way to shop on the eCommerce website. With time, PayPal grew past eBay to become the favorite way to transact online for nearly 400 million people in 200+ countries. PayPal is a safe payment company, and there’s proof. First, it’s licensed and regulated in the UK and the US. Regulation ensures financial institutions provide fair, professional services. Next, it has data security tools, password protection, two-factor authentication, and its trademark One-Touch service. One-Touch is a service that helps keep your personal information private. You give PayPal your financial information once. After that, it allows you to deposit money to casinos without revealing these bank details. Another security tool in PayPal’s arsenal is a chargeback. If you deposit money to a casino and something goes wrong, you can always ask for a refund.

 2—Google Pay

Google is one of the most secure websites in the world. It uses the most advanced security measures available today to keep its customers safe. So, if you can use Google Pay in your country, then it’s an ideal option. Many of the safest betting sites in the world support Google Pay for both deposits and withdrawals. Vitally, you also qualify for bonuses when you use this payment option. However, it might not be an ideal deposit method for high rollers. Google Pay has a maximum transaction limit of $2500 per day. Also, you can’t send or receive more than $2000 per single payment. That means it’s a great, safe option for depositing small amounts to casinos. But if you want higher limits, consider a different provider.

3—Cryptocurrencies

Contrary to popular belief, cryptocurrencies like Bitcoin, Ethereum, and Monero are safe. If you’ve heard stories of people who lost money through crypto, it’s because they lost the funds due to human error. Or the funds were stolen from a crypto wallet. Cryptocurrencies run on a decentralized ledger of records known as the blockchain. This ledger is immutable, meaning no one can change transaction records. And because it’s decentralized, it’s hack-proof. Some cryptocurrencies like Monero and DASH were created with privacy in mind. They anonymize payments to eliminate all possibilities of anyone tracing your transactions. So, if you’re after the safest cryptocurrencies, look beyond Bitcoin. Although often controversial, Bitcoin is increasingly an accepted payment method at leading online casinos. These operators allow you to deposit from $10 to as much as $100,000. This makes crypto one of the ideal deposit options for high rollers. But as we mentioned, you can also lose your coins if you’re not careful. You can lose them in an unsafe crypto wallet or by sharing your passwords and keys.

4—Visa and MasterCard

Visa and MasterCard are the two biggest card issuers in the world. Unsurprisingly, they’re the most preferred deposit method among casino card users. For the uninitiated, casinos accept both credit and debit cards. In both cases, Visa and MasterCard keep your data and money safe. These companies protect you in numerous ways. First, there’s the branding. Visa and MasterCard cards are properly branded to show Visa, your card number, bank name, and account number. Next, Visa and MasterCard use secure chips to keep your money safe and to keep off hackers. Additionally, these card issuers give you a chance to ask for a refund. They also monitor transactions to thwart thousands of potential fraud cases.

5—Skrill and Neteller

Skrill and Neteller are two sister companies owned by Paysafe. They both launched intending to serve the online gambling industry. They use similar security techniques, similar account top-up methods and have the same disadvantages. Let’s explain. On both Skrill and Neteller, the primary way of adding funds to your account is through MasterCard. After that, you can deposit between $10 and $10,000 at your favorite online casino. Skrill and Neteller use SSL encryption to keep your money and data safe like all major financial websites. They also feature password protection, two-factor authentication, firewalls, and anti-phishing tools. In other words, your money is safe at Skrill and Neteller. However, depositing with either e-wallet can disqualify you from casino bonuses. There’s a history of people exploiting casino bonuses by creating multiple accounts at Skrill and Neteller.

6—Bank Transfer

Bank transfer is one of the safest payment methods in the world. It’s arguably the most popular way for sending money in every country. The explanation is simple. The transfer takes place through banks that process the paperwork manually. The only reason wire transfer might be unsafe is when transacting with suspicious casinos. In that case, you can send your money to the casinos and never get to use it to play casino games. Wire transfer is also slow. Unless you have the patience to wait for a couple of days before you can play slots or poker, a bank transfer isn’t an ideal option.

7—Mobile Payment Apps

In this age of mobile-friendly websites, mobile payment apps are overgrowing. Interestingly, many smartphone dealers also own an in-house payment app. Samsung has Samsung Pay. Apple has Apple Pay, while Google has Google Pay. Most of these apps are safe, convenient, and often cost-free. However, they tend to support small limits because they’re designed for microtransactions. Some mobile payment apps are designed with casinos in mind. Boku, for example, features a service that gives you credit to play casino games and settle the bill afterward through a phone bill.

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Deals and dollars: European fintechs land $1.7B in funding rounds

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European fintechs fared well in funding rounds this week, with neobank N26 nabbing $900 million and banking infrastructure company Euroclear collecting $824.5 million. N26’s series E funding round brought the bank’s valuation to more than $9 billion. Third Point Ventures and Coatue Management led the funding round for the Berlin-based bank, and were joined by […]

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Source: https://bankautomationnews.com/allposts/retail/deals-and-dollars-european-fintechs-land-1-7b-in-funding-rounds/

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Umpqua focuses on ‘human-digital’ banking strategy amid merger

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Umpqua Bank is cultivating its “human-digital” strategy as it approaches a partnership with Tacoma, Wash.-based Columbia Bank that will boost its market share on the West Coast. “Our human-digital initiatives remain critical to our long-term strategy as our customers continue to engage with us through digital channels at an accelerated pace,” Cort O’Haver, president and […]

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Source: https://bankautomationnews.com/allposts/retail/umpqua-focuses-on-human-digital-banking-strategy-amid-merger/

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Klarna Adds Online Trip Planning with Inspirock Acquisition

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Does COVID have you dreaming up your long-awaited vacation? Consumer payment services firm Klarna’s latest acquisition may be of help.

The Sweden-based company snapped up Inspirock, an online trip planning service, for an undisclosed amount. Klarna CEO and Co-Founder Sebastian Siemiatkowski described the addition of travel planning “a natural extension of the benefits Klarna brings to payments and shopping.”

Founded in 2012, Inspirock leverages AI to help its customers explore a destination’s offerings and create personalized itineraries utilizing local expertise. On an annual basis, the California-based company sees 25+ million customers each year.

The integration will allow Klarna’s 90 million customers to use the Klarna app to pay for a trip in installments. In addition to the payment aspect, Klarna will also help users plan for their trip. Inspirock matches travelers’ preferences with over 230 million data points to optimize their travel itinerary and discover hidden gems.

“For customers, this makes the whole journey from inspiration to planning and preparing for a trip simpler, less stressful, and more fun, while enabling our retail partners to better reach and engage with their audiences by offering more personalized content,” said Siemiatkowski.

Combining travel planning with its existing payment capabilities inches Klarna towards becoming more like a super app. Founded in 2005 and with $3.7 billion in funding, Klarna offers buy now, pay later options to help users avoid credit cards while enjoying payment flexibility. Klarna also offers a shopping app to provide users with a holistic shopping experience– from payments to shipment tracking– and a rewards club it describes as the “vibeyest community in shopping.”


Photo by JESHOOTS.COM on Unsplash

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Source: https://finovate.com/klarna-adds-online-trip-planning-with-inspirock-acquisition/

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Finastra partners with Bakkt to offer crypto services to community banks, credit unions  

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Financial services software provider Finastra has tied up with Atlanta-based crypto exchange Bakkt to offer digital asset trading solutions and services to community banks and credit unions. The partnership will let smaller financial institutions enable customer access to a digital asset marketplace and wallet services offered by Bakkt, the two firms announced last week. Bakkt, […]

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Source: https://bankautomationnews.com/allposts/crypto-defi/finastra-partners-with-bakkt-to-offer-crypto-services-to-community-banks-credit-unions/

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