Selecting Casino By Payment Method - How to Profit

25 April 2018, by GambleScope Research Team

How to Profit By Choosing a Smart Casino Payment Option

You will possibly be aware that there are numerous options available to you when it comes to payment methods at online gambling sites. It is perhaps likely that you never heard of some of the payment methods that are out there, but it is worth looking a little deeper at the options that are available, especially when it is possible to make extra profits when using some of them. Be prepared!

Payment methods that you can profit from

As with any form of online gambling, it is highly recommended that you keep a lookout for every edge that you can get which will increase your profit or allow you opportunities which may not be available elsewhere.

Skrill Incentives

You will sometimes hear Skrill referred to as Moneybookers as that was the old name for this payment method before it became Skrill, and you will find that anyone who is serious about opening accounts with online casinos and sportsbooks will have a Skrill account. It has taken over from Neteller as being regarded as the number one Ewallet, and it has an excellent reputation.

When you open a Skrill account, the first thing to do is register for a Skrill Prepaid Mastercard. Funds are then accessible in your Skrill account and withdrawn through an ATM which beats the time it would take to withdraw funds from Skrill to your bank account.

Skrill runs regular promotions in which you are rewarded by the amount of money you deposit using your Skrill account, as well as a refer a friend scheme which can be quite lucrative. From your Skrill dashboard, you can invite friends to open an account and receive 10% of their Skrill fees up to a maximum of $100.

When opening a Skrill account, it should always be your aim to achieve VIP status due to the reduced fees and other benefits that an account of this status can offer. There are different levels for Skrill VIP, Bronze, Silver, Gold and Diamond and at first sight, the requirements for even the Bronze level seem to be quite daunting at a required turnover of $6000 over a three month period. Don’t be put off because you may be surprised how quickly it mounts up if you are playing online casinos on a regular basis.

The ultimate VIP level is Ambassador, and this is where it gets fascinating as it is possible to earn up to €100,000 for every VIP that you introduce. This level also opens up various other benefits such as exclusive promotions as well as the lucrative revenue stream inviting other people to sign up for an account. There is an application form on the Skrill website which allows you to apply for Ambassador level, so it is well worth considering if you are interested in this highly lucrative revenue opportunity.

Cryptocurrency Incentives

Without a doubt, this is an area in which you would be well advised to keep a very close eye on, as opportunities to profit using crypto at the casino dwarf those available from other payment methods.

It would seem that everyone is now a crypto expert, especially after Bitcoin reached record highs at the tail end of 2017. It doesn’t matter if you think the price of Bitcoin and other cryptocurrencies will continue to rise or fall off a cliff. The underlying technology will ultimately change the way that you make transactions to an online casino, and possibly even every other purchase that you make in your everyday life.

For now, though, if you are interested in using cryptocurrencies such as Bitcoin and Etherium to fund your casino accounts, and you have signed up to casinos which have this facility, it is worth looking at the various incentives offered by Crypto Wallets. Such incentives are typically given when it comes to opening accounts and making recommendations. If you are NOT familiar with the ins and outs of cryptos, all you need to know for now is that you will need what is known as a wallet to make your transactions.

New wallets are coming to market on an almost daily basis, and we could talk about the different options all day long, but one such reliable online wallet which offers incentives is coinbase.com. Coinbase is not only a wallet but an exchange where you can buy and sell cryptocurrencies. For sending and receiving crypto to online casinos, it is incredibly secure, probably one of the safest on the market at the time of writing and it has the added benefit of a referral scheme.

The way it works is that when you refer someone, and they open an account at Coinbase and purchase $100 or more of cryptocurrency, the referrer will receive $10. When you take into consideration that they will need first to acquire a cryptocurrency to deposit into the casino, you can see that it will not be difficult to earn the referral fee.

It might not seem like much, but we will soon be at the stage whereby all casinos offer cryptocurrencies as a payment option, and it will be far easier to provide recommendations to open accounts.

Credit card cash backs

If you are going to use a credit card to deposit and withdraw funds from a casino account, then keep an eye out for the cashback offers. Some credit cards offer cashbacks on the amount of money spent. When it comes to finding out which credit cards are offering cashbacks, Google really is your friend. Take care that you don’t end up spending more money than you are comfortable with at an online casino to receive a cashback. Look at it as an extra bonus and another weapon in your arsenal for getting the most from your money when playing at the online casinos.