Importance of Safety in the Online Gambling Industry
There are dangers everywhere, both in online and land-based casinos, which is why safety is important in the gambling industry. The gambling industry is large and attracts a large customer base, both the good and the bad. For the past decade, the online gambling sector has been experiencing significant growth, with bettors now turning to online wagering. Using their mobile devices, bettors can register with an online casino and start wagering.
In the case of the online gambling sector, both bookmakers and players need to take safety and security very seriously. Online casinos when not properly secured can be easily hacked thus putting their customers in danger. Bettors registered in online casinos provide their personal information, and bank details, and these are the targets of cybercriminals.
The primary means by which online casinos tend to secure their platform is through encryption protocols. Most casinos use SSL/TLS encryption protocols to secure the data transmitted between their servers and players’ devices. The implementation of these protocols and regular audits of the platform ensures the protection of customers. However, one aspect that many casinos tend to overlook regarding the safety of their customers is their payment methods.
Protecting your Funds Through Secure and Efficient Payment Methods
The quality of payment methods in an online casino plays a vital role in securing the funds and details of its customers. These payment platforms can be a backdoor to which a bettor’s personal account can be accessed, especially when they are not secure. 20Bet operates highly secure and encrypted payment options thereby creating a safe environment for its customers. Below are a variety of five-star-rated payment methods in online casinos.
Visa and Mastercard
Credit and debit cards are widely accepted payment methods on many online platforms. Among all the financial institutions that issue credit and debit cards, Mastercards and Visa cards are consistently available options in online casinos. Transactions processed using the card are protected by the issuer’s encryption and fraud detection algorithms. Also, card payments are regarded as the fastest way of processing transactions.
E-wallets
E-wallets are a convenient way of making payments online. They can be used for other purposes apart from making transactions online. Players can store their money in e-wallets and fund their bet accounts directly from them. This cuts off any access or link between your bet account and your personal bank account. Therefore, by acting as an intermediary, it provides an extra layer of security.
Bank Transfers
Regarded as an old-school method of payment, bank transfers still remain an effective and secure method of transaction. The only drawback is that it has slow processing times, but it does make up for it in its security. Direct bank transfers and wire transfers are secured by the bank’s high-end encryption and security protocols.
Prepaid Cards
Bettors who are not comfortable with inputting their banking details online can make use of prepaid cards. Bettors can purchase a prepaid card with a fixed amount online or from a physical dealer and fund their bet account. However, not all online casinos offer prepaid cards as a deposit method on their platform.
Cryptocurrencies
Cryptocurrency as a means of payment offers anonymity to its users. Blockchain technology on which it operates ensures that these transactions are secure and difficult to tamper with.