Digital wallets are a new way to pay for things, and they are a popular alternative to traditional payment methods, such as credit and debit cards and physical cash (e.g., coins, banknotes, and cheques).
If you’re new to digital wallets and want to stay safe when using them to pay for goods and services, here are five useful tips to get you started. You can also find out the top-rated digital wallets that are now widely accepted at the checkout.
What are digital wallets?
Digital wallets are known as Alternative Payment Solutions (or APMs, for short). They are online payment solutions that enable you to pay for goods and services at the checkout.
Digital wallets, also known as web wallets, electronic wallets, or e-Wallets, can also be used to send and receive money to friends and family or anyone else with the same digital wallet as you. They are a great alternative to paying with cash or with other traditional methods, such as credit and debit cards.
Can digital wallets be used to deposit and withdraw at online casino sites?
Yes. In fact, digital wallets are extremely popular among online casino players. Many of today’s best new cashback casinos with amazing offers currently accept a wide range of digital wallets, allowing players to securely and conveniently deposit and withdraw.
Before signing up to a fully licensed online casino, it might be a good idea to visit the cashier/banking/deposit options section to find out if they accept your preferred digital wallet.
If you can’t find a list of accepted payment options, then you can easily contact the toll-free play support, and one of the friendly and professionally trained agents should be able to point you in the right direction.
What are the most popular digital wallets in 2023?
There are lots of reliable digital wallets to choose from. However, some are more widely accepted than others. For example, some digital wallets are classified as open wallets, which means that they are accepted pretty much everywhere or wherever you see the logo of that digital wallet, and others are classified as closed wallets.
Closed wallets don’t tend to be accepted everywhere. For example, Amazon Pay, and Walmart Pay, are closed wallets because they can only be used to pay for goods and services at their respective sites. PayPal, on the other hand, is an open wallet because it can be used to pay for things at hundreds of thousands of online and offline merchants worldwide.
Here are some of the most popular digital wallets out there today. They include the following major payment processing companies, many of which some of you will already be familiar with by now:
- Apple Pay
- Samsung Pay
There are lots more out there. You just need to find a digital wallet that people in your country can use. For example, some digital wallets might be great for people living in South Africa but not so great for people living in the United Kingdom, or digital wallets that are mainly aimed towards US players might not be available for people living in Australia, and so on.
The best thing to do would be to try and find one that’s accepted almost everywhere. PayPal, Skrill, and NETELLER are great examples of digital wallets that are widely accepted at today’s best online casinos.
Useful tips for using a digital wallet
You can use a digital wallet to pay for things online and at stores in the real world. When using a digital wallet, whether you are using it to pay for things or send money from your smartphone, tablet, laptop, or desktop computer, here are some important things you should remember:
- Try not to use public Wi-Fi, which may not be so secure
- Where possible, choose fingerprint security over facial recognition security when using digital wallets from a mobile device
- Don’t forget that you can always track your expenses, which you should do as often as possible
- When using a digital wallet out in the real world, remember to have a backup payment method, just in case (perhaps your phone battery dies or the store’s electronic payment system isn’t working)
- Keep your digital wallet personal details up to date (e.g., current address/mobile number etc.)
- Always check the amount before sending money/paying for goods or services
- Use a safe password, but also one that’s not easy to guess (and then change it at least every six months)
- Never save your password/username on a shared computer
- Only ever purchase items from trusted sellers
If you can remember some of these important tips the next time you use your preferred digital wallet, you will have nothing to worry about in terms of getting hacked or someone stealing your personal information.