What’s New in Bingo Payment Options?

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If you’re like us then you may like to look out for the latest payment methods to keep yourself safe. We’re looking forward to seeing the following bingo payment options on the way for our favourite sites.

Safecharge

This eWallet may remind you of PayPal, but there are a couple of special features that will have an effect on how you pay. For merchants, Safecharge is a bit better, as they’re able to customise exactly what they’re offering.

For players, this payment method is just a simple eWallet. It acts as a middle man, which means you don’t need to worry about anyone else seeing your payment method.

Zimpler

Another eWallet service, Zimpler comes with a bright and friendly app. This is a user friendly experience which is actually even easier to use than PayPal. The downside of this is that it’s not widely accepted on a lot of bingo sites yet, but this could change in future.

This is an up and coming payment method, which means it’s much more likely to break into the bingo world soon.

Cryptocurrencies

There are loads of these cryptocurrency options, with Bitcoin being the most popular one. Cryptocurrency is basically a digital currency that is kept in a separate account. Cryptocurrency is made up of blockchain, basically a very long string of numbers that mean that money belongs to you. It is purchased in an exchange, or you can also earn it in a couple of different ways too.

This kind of currency is really popular in casinos at the moment, we can only hope that bitcoin bingo becomes more prevalent soon. Within the casino market, there are hybrid sites that accept both, which is how we imagine it being integrated in our favourite bingo sites too.

What is a Bitcoin Wallet?

As we’ve said, bitcoin is made up of complex chains that are entirely unique and you have a separate digital wallet available to handle it. This is known as a bitcoin wallet which is where you store the long, complex chains that make up the currency. This wallet is constantly sharing information with the larger network, so we know where all of these chains are at all times.

The Rise in Cryptocurrency Popularity

The UK Gambling Commission seems to be on board with making bitcoin more acceptable for gambling use. They’ve added it to their list of acceptable payment methods, which already includes the likes of PayPal and Paysafecard. They’re usually pretty quick to add these as a payment method becomes more popular and this can almost act like a seal of approval for players.

This is a surprise move, as bitcoin can generally be seen as a bit volatile by players. As the Gambling Commission move to allow players to get on board with this payment method, this may catapult it to greater success.

Cryptocurrency Movement in Malta

It’s not just the UK government that are making these moves, as the government of Malta are also strategizing on the best way to enforce and police this currency. This is a big step for the country, as it’s one of the main licensors for a lot of gambling sites, this could have a knock on effect to those that are licenced here.

That includes a lot of UK bingo sites, as a licence from Malta allows them to offer games in the UK. They could pick up on this strategy plan from the government and they may even be offered incentives for following along with it. Their Prime Minister is very cryptocurrency focused, as he believes this is a way to boost their economy and be on the forefront of tech.

Integration with Existing eWallets

Finally, we’re also seeing cryptocurrencies being adopted by existing eWallet services, such as Neteller. By being able to deposit into a bitcoin Neteller account, the whole prospect becomes a bit less scary for players. This generally makes it a bit more accessible, instead of being quite as daunting.

This is likely to be something that we also see more of in future, as there’s always stiff competition in eWallet services. Therefore, if Neteller adds a new option for users and it proves popular, it’s likely that PayPal and others will do the same. This is all a part of the overall need that they have to provide the best product possible to stand out from the crowd.

Summary

Things are never still for long in the world of bingo, which includes bingo payment methods too. These are the ones that seem to be breaking out so far, hopefully we’ll start to see more of them in the future. It seems that casino sites tend to be the early adopters of this kind of tech, with it eventually trickling down to bingo sites. We’ll keep you updated with the latest in future.

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