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The online gambling industry experienced considerable growth during 2020, with some key players reporting record revenue and profit. Among the established ...
Published on by James
We’ve been scratching our heads over the last few weeks, trying to think of a new series that our readers would want. We’ve launched our NetEnt Nostalgia series, which looks back at old NetEnt games and the impact they’ve had, but we also wanted another – you guys obviously deserve as much as is possible. Then, just a few days ago, we realised that we should focus on one of the most vital features of online casinos: the payment methods. This means we have a new series which is fun and looks at games, and a new series which is more serious.
We’re calling this new series ‘Faceoff’, and its format is going to be pretty simple (but fun). Think of it as a duel between payment methods, each payment method goes head to head with one another and we see who will come out on top. Both contenders will go through a number of rounds focusing on different specifics.At the end of each round we’ll decide who has come out on top and then, after all of the rounds are over, we’ll determine an overall winner.
That’s the sound of the bell, so let’s jump straight in to our first-ever Faceoff.
Their hoods are up as they walk to the ring, mystery surrounds our first two competitors, but both are ready to do battle. They’ve spent months in training camps, and this is the moment which they finally get to take lumps out of each other. Both contenders step into the ring, this is the moment we find out who they are:
This looks like it may be a dog fight. Let’s get the competition underway.
So, accessibility: where can I use this payment method? How widely is it accepted? Are there any obstacles to its use?
Well, Paysafecard is more widely accepted than PayPal for sure. More casinos are willing to accept Paysafecard payments because more casinos than not are bound by regulations that don’t necessarily allow PayPal. Basically, it depends on the licences the casinos have. However, things are changing, more of the top-quality casinos are accepting PayPal.
Paysafecard has started off the match strong. They’ve got PayPal on the ropes when it comes to accessibility. This winner has to be… Paysafecard.
People like simplicity and ease. If a payment method is too complex, then it is certainly not going to attract users – especially regular players who make a lot of payments and withdrawals. This is why we’re looking at the usability of each method in this series.
The usability of PayPal is, without singing its praises too much, unprecedented. PayPal is the largest e-wallet company in the world. They’ve set the standard for a long time now. They have a dedicated mobile app, so you can manage everything from you phone. They have lots of additional functions, and very good security.
Making a deposit is incredibly easy: you simply select ‘PayPal’ on the payments page, a PayPal login pop up will appear, then you login and press pay.
The Paysafecard is much more complicated. You must obtain a 16-digit code for making online payments. To get the code, you must make a deposit to the Paysafecard company either online or a participating shop. Then, you go to the payments page of the casino, select your method, and you’ll be prompted to enter your Paysafecard code.
Both methods are compatible with mobile casinos.
Well, there was a little back and forth in this round, but it looks like PayPal landed some good hits and was able to duck others. This round goes to… PayPal.
So, you’ve had a few wins and you want to take your money out. One of the most annoying things in this situation is having to wait. Therefore, we’d thought we’d look at the duration time for cashing out.
Well, when it comes to cashing out, unfortunately there’s no real competition here. PayPal allows you to cash out quickly and will usually take less than 24 hours total. Paysafecard, however, does not let you withdraw at all.
This round is a no-brainer, PayPal has landed a killer blow against the Paysafecard. The winner, without a doubt, is… PayPal.
Often readers want to know whether or not there are any associated transaction fees attached to their payment and withdrawal methods. Are there going to be any hidden charges once you cash out your winnings, are you going to make a deposit and see your bank balance go down by a fraction extra?
Well, luckily when it comes to transaction fees, both PayPal and Paysafecard do not impose any. This means whenever you pay or withdraw using them, there will be no hidden costs. Great news for everyone!
Well, there’s no way to call this one. Both fighters put up their best, and both seemed to have done just as well… We’ll have to call this one a draw.
Casinos bonuses are incredibly appealing to our readers, so it’s worth us looking at these payment methods in relation to these awesome perks.
Both payment methods will have casino bonuses associated with them, i.e. if you deposit using these methods then you’ll get an additional bonus. However, given the greater overall number of casinos which accept Paysafecard, they’re statistically more likely to have more specialist bonuses. However, given the rise in popularity of PayPal at the higher-quality casinos, the PayPal bonuses are more likely to be better.
This final round has been tough to call. Both fighters have given it their all, but the judges seem to have given it to… PayPal.
Our first Faceoff has been a real rumble in the jungle, an absolute thrilla in Manilla! With three rounds to one (along with a draw), the scorecards says it all: PayPal is our winner.