Top payment methods to use in UAE online casinos

This may require a VPN but can be achieved, even without the nation having any regulated online casinos. However, this begs the question of what payment methods are available to players in the UAE. Let’s find out.

1. E-wallets

E-wallets such as PayPal and Neteller are convenient for making all kinds of online purchases, and funding your online casino account is no exception.

Pros of Using E-wallets

There are many benefits of using these digital wallets, including:

1. Convenience

Deposits and withdrawals are typically processed faster compared to traditional banking methods. And, E-wallets are user-friendly, and transactions can often be completed with just a few clicks.

Many online casinos accept various E-wallets, making them a versatile payment option that you can use at almost any site. What’s more, E-wallets support multiple currencies and are available for users in many countries.

2. Security

E-wallets often use advanced encryption technologies and multi-factor authentication, providing an extra layer of security. Users don’t need to share their bank details or credit card information directly with the casino, reducing the risk of fraud. For example, when using PayPal, the funds are automatically deducted from your bank account, but you don’t have to share your account details with the casino (source: https://www.techopedia.com/gambling/best-arabic-casinos). 

Cons of Using eWallets

1. Fees

Some e-wallets charge fees for deposits, withdrawals, or currency conversions, and in certain cases, regular usage might incur service charges depending on the e-wallet provider.

2. Verification Processes

Setting up an e-wallet account and linking it to a bank account or card may require a thorough verification process. Some casinos may have additional verification steps for e-wallet withdrawals, potentially causing delays.

2. Bank Transfers

Age-old and still standing the test of time, bank transfers continue to remain one of the most popular payment methods for people in the UAE trying to access online gaming outside of their shores. Like E-wallets, it has its pros and cons; here are some of them:

Pros of Using Bank Transfers

If you still use bank transfers when depositing or withdrawing from your online casino, these are the perks:

1. Easy to Use

This really might singlehandedly be the reason bank transfers are still popular today; they are so easy to use. It’s a system you probably grew up with. You don’t need to unlearn or learn any new things. 

2. It’s a Regulated System

With many agencies that you can contact to file a complaint against the bank, there’s a huge chance that you will be getting your money back should anything happen. As most countries prioritize consumer satisfaction, banks, and other financial agencies are heavily regulated to keep the user safe. 

Cons of Using Bank Transfers

If you need more certainty about bank transfers, the following should be kept in mind:

1. Shares Too Much of Your Data

The downside of all that protection and regulation you enjoy from bank transfers is that you have to share a lot of your data with agencies and corporations. With 2 in 5 citizens concerned about their data being stolen or used without their permission, it quickly starts to paint a worrisome picture. 

2. Too slow

Banks and other traditional agencies are doing their utmost to upgrade their services to keep up with the times, but as far as speed is concerned, there’s still a lot of ground to cover. The reason there’s so much lag is because there are too many intermediaries for every transaction, as per regulations. These include checks against laws like the Anti-Money Laundering (AML) Act to ensure user safety. 

3. Credit and Debit Cards

A revolutionary idea when credit and debit cards launched in the 50s and 60s, they eased the problem of carrying cash around and, in the internet age, reduced the need to connect your bank details to online services. Let’s dive into their pros and cons.

Pros of linking your credit/debit card to your online casino service

The following are some of the advantages of linking your debit/credit card to one of the best online casino sites:

1. Perfect Middle Ground

Banks might be too old-fashioned for many and digital wallets too futuristic for others, so credit and debit cards provide that perfect balance of convenience and regulation for gambling enthusiasts who want a little bit of both worlds. 

2. Spending Limits

Credit/debit cards have spending limits that can be put in place to ensure players gamble responsibly. These checks significantly reduce the temptation of overspending. 

Cons of linking your credit/debit card to your online casino service

Here’s why linking your card to an online casino service might be a bad idea:

1. Fraud

Billions are lost to fraud every year, with new fraud trends being used all the time. Everyone who uses a credit or debit card online has the potential to become the target of hackers or scammers.