There is always a constant issue bettors face in the course of their betting journey, and that is regarding payments. It is quite common to experience one form of delay or the other when making deposits or withdrawals. Any quality online bookmaker will always try its utmost best to reduce any form of failed transaction. For this reason, ensuring that there are multiple methods in the payment section is important.
Most bettors use the quality of a bookmakers payment section as a criteria for registration. If their preferred payment provider is absent, there is a high tendency for them not to register. Online betting sites incorporate several payment options into their platform. Since they offer their services to players across the globe, they have to operate several currencies. Therefore, players can make deposits and withdrawals using their region’s currencies.
Deposit and Withdrawal Option in Online Casinos
The payment section is tailored to the banking methods in the player’s country.
Therefore, if a particular transaction method is not allowed in your country, it won’t be part of the available options. Players from countries within Europe will have similar payment options. From the 20bet lobby, players can head to the withdrawal and deposit section to see a host of options. Some of them include.
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E-wallets
There are thousands of wallet providers operating in the online payment industry. Many of these wallet providers also allow for cross-border payments. E-wallets are a great method of processing payments. This is because it breaks any linkage between your personal bank account and a bookie. From their e-wallet, bettors can directly fund their bet account with any amount. It is the middleman during the transaction. In Italy, and several regions across Europe, e-wallets are heavily used. Popular options found in the 20bet Italia banking section are Skrill, jeton, and neteller.
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Bank Transfers
Players go for bank transfers mainly because it offers greater security. Also, it is perfect for processing large transactions. However, transactions are processed at a much slower rate than other options. Therefore, once you have a local bank account, all deposits and withdrawals can be processed using your account details provided.
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Credit and Debit Cards
Visa and Mastercard are widely used across the globe. Nearly all betting establishments operate at least one form of debit or credit card provider on their platform. Deposits and withdrawals using this method are known for their fast processing times. Furthermore, it is also a convenient means of payment.
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Vouchers
Payments using vouchers are not as popular as before, but some bookmakers still offer them to players. It is an old-school means of payment and also very secure. Players purchase the voucher from any authorised dealer, with a preloaded amount. They enter the unique code obtained from the voucher and their accounts are credited. Vouchers cannot be used for depositing high amounts. They are usually capped at a specific amount, making them the perfect payment option for controlling spending.
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Cryptocurrencies
The use of cryptocurrencies as a means of payment is common among the younger age group of bettors. However, as time goes on, its popularity among players is expected to increase. Cryptocurrency transactions offer anonymity, making them a highly sought-after means of payment. Furthermore, withdrawals and deposits also have fast processing times.
Cryptocurrencies have limited acceptance in online gambling platforms. Certain bookmakers have yet to incorporate it into their payment plan. Bookmakers who allow cryptocurrencies tend to operate only the top coins. Therefore, not every coin can be used for making deposits and withdrawals. 20bet Italia accepts Bitcoin, Litecoin, and Ethereum transactions.
Transaction Limits for Various Payment Methods
There are withdrawal and deposit limits attached to the various payment methods you can find in an online bookmaker. The limits vary across regions and the status of the player. VIP players tend to have higher transaction limits than regular players. The minimum deposit amount attached to most payment methods is €10.
For withdrawals, it tends to vary. The minimum withdrawal amount processed via wire transfer is €500. Regarding withdrawals, players are given a bit more freedom. They are able to withdraw their profits in one go. The maximum withdrawal amount processed to a player is €10,000 weekly and €40,000 monthly.
