Local Electronic Online Casino Payment OptionsBy: Fabian Rictor, Friday October 16th 2009
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Electronic payment options were initially introduced by organizations like Neteller and PayPal that had a global customer base. At that time only a global customer base was large enough to provide the economies of scale required. Online gambling has since then grown by leaps and bounds and today each country or a localized area can provide sufficient numbers to make a local electronic payment option viable.
This has seen the growth of several electronic payment options in the different countries in Europe, where people speak different languages. Local electronic payment service providers are able to offer customer support and other services in the local languages and this is a major reason for players preferring them. Germany, the Netherlands, the Scandinavian countries, Poland and Russia are some of the countries where local electronic payment service providers are regularly used to fund online casino accounts. This article discusses some of the more prominent of these service providers.
iDEAL is an electronic banking option popular in the Netherlands. Players who have online banking accounts with ABN AMRO, Fortis, Postbank, Rabobank or SNS Bank can use iDEAL for funding online casinos without having to register at iDEAL or open an account with them. Players can also use e-wallets, telephone banking, bank drafts and cash deposited at their local banks in order to fund their iDEAL accounts. Many online casinos offer alternative payment method bonuses to players using iDEAL deposit option. iDEAL carries out transactions in US dollars, British pounds and euros.
Przelewy24 is a recently introduced payment option for online casino players from Poland. Presently funding this online account is possible only through 18 of the main banks in Poland. The account can also be funded through major credit cards and Moneybookers. The online casino accounts are credited within 15 minutes of the instruction to transfer funds. Przelewy24 carries out transactions in US dollars, British pounds and euros.
Moneta.ru is a convenient and secure Russian e-wallet. The account can be funded through a bank transfer, but that can take up to 5 days. Therefore Russian payment methods such as Yandex, Webmoney and RBK Money are recommended. The advantage of using Moneta.ru as a deposit option is that it allows online casinos to remit withdrawals.
Sofortuberweisung is an online deposit option that allows players to fund online casino accounts directly from bank accounts. It is powered by Fast Bank Transfer and is functional in Germany and Austria. Players need not register in order to make a payment but some online formalities need to be completed. The main disadvantages of this option are that it does not accept withdrawals and transacts only in euros.
Moneybookers is one of the largest electronic payment service providers. It has a global reach. Yet Moneybookers has understood the value of local electronic payment service providers. Therefore as a policy Moneybookers has tied up with several local companies in their respective countries. This system gives players the advantages of economies of scale and financial strength of large international companies as well as personalized support in local languages that can be provided only by small local companies. In Germany Moneybookers has tied up with giropay, in Finland and Sweden with Nordea, in Australia with Poli, in Singapore with eNETS and in Denmark with Dankort.
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