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Options Within the Payment Processing Sector

With Neteller still in the recovery stages after a costly run-in with the United States’ Department of Justice, payment processing methods have changed significantly. A key theme for some players is still deception to an extent – after all, the U.S. online casino ban is still in effect so players are forced to use pre-paid cash cards and more to play at the internet gambling and betting sites. Then, the fact that online casinos are now diversifying their markets means that the sites have to use gambling payment processes that support multiple currencies.

As the online casino gambling industry grows, the payment sector seems to grow ever-more confusing for the players. Diverse payment methods across the popular sites means that players are often using multiple payment methods across several sites because there is no unity within the industry. Add to that the fact that online casinos often have different needs when processing gambling payments – some want complete anonymity, others are looking to disguise their geographic region, and still others have motivations that necessitate many payment options at the gambling sites.

A new site gives online casino players a run-down of the most popular payment processing methods, and a customizable list of information concerning which sites offer which services. The basic contenders in the current online casino gambling market are: credit cards (specifically VISA and MasterCard), bank wire transfers, and then the popular e-wallets and other services - Neteller. Moneybookers, VISA Electron, Solo, Diners Club, and Maestro. Playsafecard is a growing form of payment processing for players concerned with protecting their funds and is rapidly rising in popularity.