A payment service provider or a payment provider (PSP) is a third-party company that offers payment services to businesses, including live casino online sites that allow online payment methods. These methods may include credit cards, e-wallets, cash cards, debit cards, and much more.
Examples of PSPs include PayPal, Amazon Pay, and NETELLER. These payment providers ensure that your transactions are completed efficiently and effectively.
We’ll look at the top 3 payment providers offering convenience and security for your transactions.
Amazon launched Amazon pay in 2007. The payment provider offers comfort for online casinos with high-tech security features.
Although users can use the platform on hundreds of websites for convenient checkout, its popularity has risen significantly with the launch of Amazon Pay in online casinos. You can now withdraw and make deposits in your casino account using your existing payment methods stored in your Amazon account.
Also, read Can I Deposit with PayPal at Casino Sites?
Online casinos accepting Amazon Pay are becoming popular as no fees are involved. Amazon Pay is free, unlike other gambling payment options that charge per transaction. Also, there is no cost for opening an Amazon account or using the Amazon Pay platform.
There’s usually an array of payment methods available on online betting sites. Many of the newest online casinos offer PayPal for deposits and withdrawals because it has a proven way to add funds to your online account and access your winnings.
When depositing funds to your account, there are some limits applied by a majority of casinos. Expect to find limits to your PayPal deposits similar to:
Per transaction: $1,500 per day
Per 24 hours; $5000
Per month: $40 000
With PayPal, you can withdraw as much as $40,000 per transaction. You should expect 48 hours of processing time for withdrawal, and you can access your money instantly after approval.
PayPal has an excellent reputation for secure online transactions between the betting site and the user. Each online casino that offers payments through PayPal ensures that all payment processes are safe for users.
Neteller is an e-money transfer service for sending and receiving funds, which can be used to sign-up, withdraw and make deposits at real money online casinos. NETELLER works in two ways: the eWallet offers a way of transferring cash to and from your bank account to sign up with online casinos. The money transfer option is the middle man for sending and receiving funds.
Also, read Ways To Select an Online Casino
The payment provider offers fast money transferring means. They deploy 3D secure tech for credit card deposits and protect the players using 128-bit encryption, identity verification, and real-time transaction monitoring, keeping your account safe when you sign up for various casino sites.
When looking for a payment method, security and convenience are a priority. You want to feel safe banking with a particular provider. The casino payment providers mentioned above offer safe and secure transactions. Credit/Debit Cards are probably the safest, but providers like PayPal, Neteller, and Amazon Pay have impressive security records.