We live in a golden age of technology, with new developments being made seemingly every day. This industry’s growth seems to know no bounds. One area where this is most obvious involves how digital wallets have progressed. How are these setting the top online casinos apart from the rest? And perhaps more importantly, how does this benefit you?
What is a digital wallet?
Before we dive into why they are so great, let’s first establish what a digital wallet actually is. It can seem like a fancy term, but it’s important to actually understand what they are and how they work before signing up for one.
Digital wallets are essentially a wallet, but digital. They are a piece of software that can contain all your debit and credit cards, and often gift cards, membership cards and boarding passes. This provides a much more streamlined user experience; no longer does someone have to carry around a big physical wallet stacked with all their cards. Instead, they can access them from their phone. Digital wallets are usually integrated into a mobile phone’s operating system, with popular examples being Google Pay, Apple Pay, and to some extent, PayPal.
The rise of pay-by-mobile online casinos
If you have been in and around the online casino industry in recent years, you will have likely heard the term pay-by-mobile online casino. What are these, and why have they become so popular recently? Pay By Mobile casinos in the UK have become popular because they allow players to better manage their funds by making payments a much simpler process, as anyone can do it straight from their phone. Payments are generally instant, giving the player the freedom to manage their funds how they see fit.
Improved user experience
One of the main things that sets online casinos that accept payments by digital wallet apart from those that don’t is the large improvement in the overall user experience. It can be really disruptive to the flow of the game if you need to pause and add more funds to your account. This is no longer an issue with digital wallets, as you can make a deposit quickly and securely.
Considering safe gambling
This may sound great, and it is, but there are some things you need to consider before using this new technology. Being able to make seamless deposits to your account clearly improves the user experience, but it could prove to be too easy for some people who might have a harder time stopping. To combat this, there are a few things you can do.
It is recommended that every online casino player set themselves a gaming budget, which can be done monthly or weekly, or even split into separate gaming sessions. It is important that you find a method that works for you. If you stick to this budget strictly, it can help you protect yourself from spending beyond your means and putting your financial wellbeing in danger.
It is important that all online gamblers check themselves every so often. It can be easy to get carried away and spend beyond your means, going over budget and saying to yourself: “Just one more spin”. We’ve all been there, but you must evaluate yourself in that moment and recognise that you need to take a break.
How can digital wallets increase your security?
Digital wallets provide increased security in a variety of ways, with one of the biggest being the inclusion of biometric scanners, whether this is a fingerprint or a scan of your face. This technology means that you and only you can access your accounts.
All transactions are encrypted as well, which means your data is going to be much harder to exploit. This ensures your payments and funds will stay nice and secure.
Other things to increase your security
Although digital wallets are safe and secure, it is always a good idea to take additional measures when considering your online safety.
Your first step should be to check whether a site has an HTTPS connection, which will encrypt all data transmissions to and from the site, meaning that your data will be much safer and harder to exploit. This is a really easy check to make as all you need to do is look for the HTTPS at the beginning of a URL.
Another good step to take when you are using a digital wallet is to enable two-factor authentication when possible. This will require you to verify every login or payment attempt associated with your account. This is usually done through a passcode that is sent via text message or email, but can also be done through a third-party authentication app. This acts as a great last line of defence, because even if someone has your login details, they still won’t be able to get into your account.
Where will this technology go from here?
We are currently in unprecedented times when it comes to this kind of technology; it has seemingly been introduced and risen in popularly to become something everybody uses in no time at all. It is hard to say where it may go from here, but it will likely continue to grow and become more seamless, making users’ experiences even smoother. Wherever it may go, one thing is for certain: it is an exciting time to be in the online casino industry.