In today’s digital age, there are more ways to pay for goods and services online than ever before. And savvy brands are quick to offer their customers multiple methods to complete a transaction quickly and safely so that they can begin enjoying their experience.
One industry that has worked hard to capitalise on changing trends in this department is the online gambling sector, which for more than 20 years has positioned itself at the forefront of digital innovation in order to offer the best possible experience to players.
But what are the actual advantages of having so many payment methods? For many Aussies, making the shift from cash to card has been difficult enough to adjust to, so why do we need such a crowded marketplace?
In this article, we will break down some of the alternative payment methods available and try to understand the strengths of each that could help endear them to the Australian casino gaming community.
PayPal
A little-known fact about PayPal is that multi-billionaire Elon Musk was actually a co-founder of the company that would ultimately evolve to become the payment platform we recognise today. PayPal was an innovator in the creation of ‘escrow’ accounts that are a part of transactions between two parties. The system was particularly useful for eBay transactions, as it was relatively straightforward for funds to be returned to the buyer in the event of a discrepancy.
For many observers, PayPal is a commonly provided payment option at many online casinos, due to its speed and security. In fact, so familiar is the payment type that whether a provider offers it or not has become an assessment criterium for those rating and looking for ratings of these platforms.
Cryptocurrency
The Bitcoin boom is one of the most fascinating tech tales of the last 20 years, with savvy Australians who snapped up the digital currency following its launch posting a handsome profit in relation to the prices paid upon it first going on sale in 2009.
Cryptocurrency offers an alternative to standard currency transactions and does not rely on banks at any stage of the process. Instead, every payment is tracked on an open ledger that is accessible. Though paying with Bitcoin can help safeguard anonymity, transactions are quickly traceable, so it is much more difficult for fraudsters to make off with stolen cash. Due to Crypto’s continued popularity, many online casinos offer it as a means of payment.
Zimpler
The final alternative payment on our list is Zimpler, which positions itself as a platform that offers quick and stress-free payments. It can offer instant bank pay-outs, which is a boon for Aussies eager to get their hands on any winnings quickly, while it is also compatible with all major banks.
Zimpler uses the latest security protocols to safeguard users making transactions on their platforms, so it’s no surprise to see the brand popping up on many leading casino platforms, alongside the more traditional bank transfer option. Its compatibility with major Australian banks and the simplicity of the process makes Zimpler a hit with locals and a no-brainer for many leading gaming platforms to include.
As the world of digital entertainment evolves, so too do the methods in which we engage with it. Boosting the payment options available to players, though potentially mystifying at first, helps create new opportunities for Aussies to enjoy their favourite casino games.
