Evolution of Online Casino Payment Methods: The Example of Pin-Up Casino
Technology is constantly developing and evolving. Industries, in turn, need to adapt to all those changes, and the gambling industry is no exception. Top platforms are supposed to offer more payment options, so we decided to see how it works on the example of Pin-Up Casino, which is now one of the leading players in the Canadian gambling market. The selection of methods is predictably wide, but it’s interesting to see what big platforms focus on at this stage of development.
The Classics: Credit Cards and Bank Transfers at Pin Up Online Casino
Everything started with bank transfers, and they’re still available today. While they were a revolutionary convenience at one time, they are just too slow from the modern perspective.
Credit and debit cards speeded up the deposit and withdrawal processes, though. Even big platforms haven’t suspended those payment methods yet.
Let’s say a player will use them at the Pin Up casino in Canada. The conditions will be as follows:
- Bank transfers. Transfers take 2 to 5 business days, and deposits from 35 CAD and withdrawals up to 3,000 CAD are accepted.
- Credit and debit cards. Card payments take 1 to 5 business days. Deposits from 15 CAD and withdrawals up to 14,900 CAD are accepted.
Instant Bank Transfers and Mastercard and Visa transactions are still fast, but they aren’t as quick and convenient as e-wallets.
E-Wallets: Symbols of the Rise of the Online Gambling
With the development of the online gambling industry, players sought faster speeds and more privacy. E-wallets met both requests, offering nearly instant and safer transactions.
For example, players can choose between Interac and Austropay at Pin Up. In both cases, transactions will likely be processed within 0-24 hours. The deposit-withdrawal limits will range from 15 CAD to 10,000 CAD.
The Revolution: Cryptocurrencies Marking the New Era of Gambling
Though e-wallets are still popular, cryptocurrencies have started to dominate the market and no wonder. They offer privacy, untraceable transactions, transparency, no extra fees, and ultimate convenience.
Offering crypto payments is a must for every top gambling platform. For example, here are the options available on the Pin Up website:
- Binance Pay — 15 CAD min. deposit, 7,000,000 max withdrawal;
- Bitcoin — 55 CAD min. Deposit, 14,500 max withdrawal;
- Ethereum — 15 CAD min. deposit, 14,500 max withdrawal;
- Tether — 10 CAD min. deposit, 14,500 max withdrawal;
- Litecoin, Dogecoin, TRON C — 8 CAD min. deposit, 14,500 max withdrawal.
All are nearly instant. Processing a crypto payment usually takes up to 10 minutes.
A Wrap-Up: The Future of Payment Methods
Cryptocurrencies are the future for sure. As you can see, the minimum deposit limits for those crypto payments are the lowest, and the withdrawal limits are the highest. There’s no need to reveal your identity to any third parties.
Though cryptocurrencies work best for Canadians at Pin Up casino, it’s hard to say that the era of bank transactions, let alone e-wallets, is over. Crypto payments are still very new, and not all players know what P2P trade is and how to deposit and withdraw payments from the crypto platform.
So, we expect cryptos to become increasingly widely used. They will likely become the most popular payment option in the future unless alternative solutions are presented in the financial market.
