The casino industry is modernizing, with many sites now offering a mobile platform for their players. In fact, the number of players using their devices instead of a PC or a laptop is growing at a very quick rate.
Despite the modernizing of the games and platforms, the payment processing arm continues to cause headaches for players and operators.
Between the constant changes to regulation like UIGEA in the United States and the closing of smaller payment processing companies without notice, chaos has always been a part of getting money to and from a site.
On top of that, processors charge new sites a premium for gaming transactions, making it far less profitable. Globally, the gaming industry has been looking for alternatives to standard credit card processing companies.
Over the years, many companies have become the next “savior” for the payments arm of the industry. PayPal was very popular until eBay bought them and gave them 30 days to shut down all gaming transactions.
Third-party processors such as Neteller and Skrill have helped, but not everyone has access to them, and they still require a player to go through a lengthy process to open an account.
According to the latest online gambling news, Paypal and its online payment application Venmo will enable the players of online casinos that accept PayPal deposits to transfer their gaming winnings to their debit cards in a matter of minutes. PayPal will render this service available to all its users after the beta tests are done.
Recently, Bitcoin and other cryptocurrency have become fashionable, but it is still too volatile a product for the general public. Paying by Phone became an option a couple of years ago, and of all the methods that have come and gone, this seems like the one that is going to finally stick.
Venmo gives the option to pay without using cash. Venmo was launched as a payment option between friends and family. The only thing you need to use the service is a phone number and the mobile app that you can find in the app store or Google store. When you downloaded the app you are good to go, just enter the phone number to your friend or family.
What Merchants Accept Venmo
Owned by PayPal
This payment option was founded 2009 and is owned by PayPal and they conitously add new features. When sending money they get transferred immediately so it is an easy way to send money to friends and family if you need to split a bill or something else.
Who Accepts Venmo Online
Only available in the US
The Venmo app is only available for US citizens at this time. You can also connect a Mastercard to your Venmo account and in that way use the application as a common payment connected to your card. The card is good for doing withdrawals from ATM machines and a small fee will then be charged the account.
Check out this amazing offer from Duelz
| €1 000 Casino bonus | 200 Free spins | Really nice mobile experience. Wide range of payment options |
You can easily fill up your account by transferring money from your bank or add another card that is connected to your other financial companies. Venmo has a lot of users in the United States and the security of the transfer is high.
Venmo Accept Money
Online Casinos That Accept Venmo Fees
It is a fast and efficient way to just send money to a person by knowing just the telephone number. Also the transaction is fast and the receiver gets the money instantly on their account. In figures Venmo handles around 50 million transactions per year.
Online Casinos That Accept Venmo Card
By using Venmo you can be sure that you can send money instantly and not have to find an ATM or do slow transcations from your bank account that can take up to three business days. The ease of use is the big advantage for every user of Venmo.