How to Use Fiat Money as a Payment Method in Online Casinos
There are many payment methods in online casinos. Some of the most popular are crypto coins and fiat currencies with fiat keeping its top spot as the most popular payment method. People make accounts on their favourite online casinos and make deposits. Once they’ve got money in their casino accounts, the fun begins.
Fiat money is a nation’s local currency and comes in the form of paper bills without any real value. The value of a fiat currency is declared by its source, whether it be the government of the nation it belongs to or another power altogether.
Fiat money can only be used internationally if used online with the help of personal bank accounts and online wallets. In the modern age, these are both very accessible options for anyone wanting to make transactions online.
People deposit their fiat money with a legal holder, normally a bank, and from there, people link their bank accounts with either the retailer or an online wallet. Fiat money can be used internationally because online methods can convert your cash to a different nation’s currency or into a crypto coin. This means that you can spend your cash wherever as long as it’s done online.
Here’s how you can use your fiat money as a payment method in online casinos.
There are various ways to use fiat money as a payment method in online casinos. Thankfully, not all of them require a bank account. However, you still need an online way to access your finances no matter which option works best for you.
Bank Account Payment Methods
The payment methods that need a bank account are the Bank Transfer and Credit/Debit cards. Both of these methods are similar and very simple to use. If you already have a personal bank account, deposit the amount you want to use into your account where you can. This can be an ATM or over the counter.
Afterwards, simply transfer your funds from your bank account to your online casino account by filling out the necessary details the casino and bank ask for and depositing the funds.
Payment Methods Without Bank Accounts
There are also payment methods that don’t need a bank account. These are the payment methods that rely entirely on an e-Wallet or a prepaid card. While there are e-Wallets that ask for a bank account to link to, there are those that don’t need them at all.
Prepaid cards, on the other hand, don’t need bank accounts at all and can simply be deposited into wherever it’s applicable and then used as a payment method in online casinos. For both of these payment methods, as long as you have the money available online in a personal wallet, you can simply link them to your online casino of choice and use them there.
In the case of Slots.io, as of the moment, you can only use Bank Transfer in select countries. The countries currently available are Germany, Estonia, and Finland. With Slots.io, you don’t need to create a bank account but it is handy to have one nevertheless.
To use your fiat money, simply input your desired amount, your country, bank, and fill in the rest of the information, and you’ll be set. You’ll be good to go and play your games to your heart’s content in a flash. It’s that easy.
The F in Fiat Is For Fun
Go ahead. Using your fiat money to play on your favourite casinos has never been difficult. It’s a way anyone can use. Make a quick deposit now and play some of the incredible casino games that Slots.io has to offer. There’s a vast collection of slots and table games for you to play with and there’s no doubt that there’s something for you no matter what you’re into.