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Technologies and Safe Payment Systems in Online Casinos

The introduction of technology in payment systems has completely changed how we make payments. This is no different in the online casino industry. Safe, tech-enhanced payment systems have made online casinos accessible to people worldwide.

Payments at a physical casino were pretty straightforward. It required players to deposit cash in a machine or with cashiers. However, with technology came the need to go cashless. Online casinos follow the basic premise of cashless payments.

That said, a lot has gone into making online payments safe and convenient. As such, we examine some of the technologies and payment systems used in online casinos today.

Online Wallet

An online wallet remains the predominant payment system for all online transactions. Today, a player can conveniently fund an account on an online casino, like the ones found on Casino USA, with PayPal or other e-wallets.

An online wallet is a software, electronic device, or service that allows individuals to make online transactions. Regarding online casinos, the e-wallet offers players the chance to carry cash like a physical wallet. Players can fund their online wallets anytime and use them for casino transactions.

An online wallet implements different technologies to ensure safe payment. First, they use wireless mobile technology such as Wi-Fi to transmit payment data. Safety and fairness remain significant goals of any payment system. As such, e-wallets utilise encryption too. This protects the player’s information and mitigates the risks of data leakage.

Aside from PayPal, there are so many other e-wallets used in online casinos. Other examples of e-wallets include Apple Pay, Google Pay, Samsung Pay, and Venmo, to mention a few.

Pay Safe Card

Pay safe card is a prepaid online payment method that utilises vouchers with a 16-digit pin code. This code is, however, independent of a player’s bank account, credit card, or other personal information.

This platform offers a card that keeps your details safe from third-party websites. It achieves this by also employing encryption technology. Authentication and access control services are also implemented to help protect players’ accounts. Players can buy these cards from any designated selling point and get their personalised 16-digit code.

The pin code is required for all online transactions. Players must submit the correct code and other safety details to make payments. In a scenario where the card is stolen or misplaced, the bank account and funds remain safe. The pay-safe card platform accepts customers from different parts of the world.

Blockchain Payment

Globally, cryptocurrency has altered how we save, invest and make payments. This is made possible by the development and adoption of blockchain technology. Following the current trend, the online casino industry has also adopted blockchain technology. This has proven to be an even safer alternative to other payment systems.

Blockchain technology offers a fast, secure and reliable way to make payments at little to no extra cost. Information breaches have also become a non-factor with blockchain. Cryptocurrency on its own has improved security vastly. One way it has achieved this is by fostering anonymous gambling. However, this anonymity does not impact accountability as players still must undergo verification.

For now, large-scale adoption has not been achieved yet. Nonetheless, all indications point to blockchain being the future of payment. And in no time, it would be widely accepted by everyone across the globe.

Tips For Identifying Safe Payments In Online Casinos

Gambling is a universal activity. Online casinos generate significant traffic and revenue frequently. As a result, different operators are looking to cash into the thriving market.

However, when it comes to online transactions, caution should be taken. Not all online casinos implement safe payment systems. Thus, players need to know what to look for to ensure a casino offers safe payment. Here are some tips for identifying safe online casinos

Check for License

The first thing to look out for in online casinos is their licenses. A casino license is the only concrete evidence that the casino is legal and regulated.

Typically, online casinos have licenses from MGA, Curacao, and UKGC, amongst others. Several gambling authorities offer licenses, and a casino must have at least one. If you see an unfamiliar license, search out the issuer and confirm they are a legit gambling authority.

Search for Payment Systems

There are so many payment systems available today. However, we all know the safest, most-used ones like those mentioned above.

Thus, you’re best suited to select casinos that offer reliable, well-known payment systems. This is the only way to ensure your details are not at risk. All casinos have payment information on their sites.

Check for SSL Encryption

An online casino with SSL Encryption ensures all your personal details are encrypted. Every legit site uses this technology, ensuring no third party has access to sensitive data.

An SSL certificate also authenticates a casino’s identity. Regarding online gambling, safety is essential. Thus, you should identify all the relevant safety features before selecting an online casino.

Final Thoughts

As we have seen, technology has hugely impacted the casino industry, with online casinos now offering players some of the most advanced and realistic gaming experiences available.

In addition to great games, online casinos also offer safe and secure payment systems that protect player information and money. So, whether you’re looking for state-of-the-art slots or want to know your financial information is safe and sound, online casinos are a great choice for gambling entertainment.

5 Reasons Why You Should Use PayPal

PayPal is one of the most popular consumer payment processors globally, and for a good reason. It is a leading digital money transfer and payment service that connects bank accounts and other websites. You can use it to receive or send money, shop and pay bills online.

Moreover, it is easy to use, secure and offers competitive rates and services. In addition to being an online payment processor, PayPal is also an e-commerce platform and a mobile wallet.

Some of the reasons for using PayPal as your preferred payment option are listed below:

An easy to use and user-friendly interface

PayPal has strong marketing and business development teams. This helps them attract new users to the platform. But PayPal doesn’t just offer an e-commerce solution as it’s also a one-stop-shop for all sorts of online transactions. The interface has an easy layout and makes online transactions straightforward and simple. This makes it a great choice for all your online transactions.

Secure

Payment security is one of the issues that troubles users the most. PayPal is a reputable and secure online payment service that offers fraud prevention measures to protect its customers.

This digital payment service enables people to purchase online or over the phone using their bank accounts. Transactions are monitored in real-time, and account balances get analysed to help prevent fraudulent activity. TLS and HTTPS are protocols used to keep your payments safer. If the shipment arrives damaged or the wrong item arrives, they will also issue you a full refund.

Sending Money for Free

PayPal lets you send money to friends for free with ease. You need a debit card or bank account linked to your PayPal account to send money to friends from this account. Then just choose the amount you want to send and add your recipient via their email address, and you can also add a personal message.

Fast

If you want to get fast cash to someone in need, then PayPal is definitely an option to be considered as it is one of the faster payment providers. When you make a payment, it instantly arrives at the merchant or your friend’s accounts.

Discounts

The company does not usually offer discount codes for its financial services because it is a payment platform. However, when you shop at a particular store through the platform, they can provide you with PayPal coupons that you can use to save money. Two examples currently on-site include a Spotify Gift Card and an offer for students to spend at Unidays. With the Spotify offer, you get 12 months of Spotify and only pay for only ten months, saving £20. With the other promotion students can get £5 off for £10 spent on Unidays when using PayPal. Keep your eyes open for PayPal offers as some of them shouldn’t be missed!

Conclusion

We hope we have answered any questions you may have had. PayPal has millions of people worldwide who use the service, and they successfully do millions of transactions daily.

How Can Modern Technology Speed Up Payments in Real Time?

Modern technology is here! We live in a fast-paced world where everything is done at the speed of light. People want to know what they can do now, and how it will affect them later. This is why we need to use modern technology to improve our lives and make life easier for everyone involved.

In this post, you’ll learn how you can make payments in real-time with a few easy steps.

Point Of Sale Systems

The use of point of sale (POS) systems has revolutionised the payment process for retailers. A POS system allows customers to pay for their purchases immediately, which speeds up the checkout process and eliminates the need for a cash register. Additionally, when using a POS system, customers can make purchases using their mobile devices, which allows them to pay for goods and services without having to carry cash or credit cards. Smartphones typically use Near Field Communication (NFC) technology that communicates with the POS system wirelessly, alternatively, some retailers allow shoppers to swipe a barcode displayed on their phone screen at checkout.

Payment Processing Service

When it comes to payment processing, PayPal is one of the most well-known and trusted names in the business. In addition to its online presence, PayPal also has a mobile app that makes it easy for customers to make payments on the go. This combination of convenience and security has made PayPal a popular choice for businesses of all sizes. There are several ways that PayPal can speed up the payment process.

First, clients don’t need to input their credit card information each time they make a purchase, they simply enter their username and password into the app, which is much more secure than typing in your credit card number every single time you want to pay for something online. Second, PayPal allows businesses to keep track of their sales and invoices in one place, which makes it easier to manage your finances. Finally, PayPal offers a variety of different payment options including credit cards, debit cards, bank transfers, and even e-checks. This flexibility is another reason why so many businesses prefer PayPal for their payment processing needs.

Online Banking

The use of technology has revolutionised the way people bank. You can now access your account information, make transactions and even receive payments without having to go through a physical bank branch. This means that you can conduct all your banking activities from the comfort of your home or office. In addition, online banking is often free of charge.

This type of banking offers several benefits, such as the ability to manage your finances from anywhere and anytime through various devices. In addition, you can get real-time account updates so that you can monitor every transaction being made within your accounts whether it is an in-store purchase or online payment processed by the bank. Another advantage is that you can sign up for alerts that warn you when a transaction has been made or an account balance falls below a certain level. This allows you to stay in control and avoids the accounts being overdrawn due to non-sufficient funds (NSF). In addition, online banking makes it possible for you to transfer money between accounts, pay bills online and set up direct deposits.

Blockchain Technology for Real Time Payments

Blockchain technology can improve the security of money transfers by using end-to-end encryption on each transaction. Each new block that’s added also contains a hash pointer, which links back to the previous block, creating an irreversible chain of data blocks with no possibility of being edited or changed once they’re in place. This makes it an ideal choice for real-time payments where security is a top priority.

In addition, blockchain technology can help to speed up the payment process by eliminating the need for third-party verification. Transactions are verified and processed through a network of nodes that work together to create and maintain the blockchain, so there is no need for an intermediary. This reduces the time and cost of payment processing while increasing transparency and security. Blockchain technology is still in its early stages, but it has the potential to revolutionise the payment processing industry. Businesses that want to stay ahead of the curve should start investigating how they can use blockchain technology to improve their payments process.

Businesses are constantly looking for ways to improve the customer experience. If you’re in retail, your customers want their shopping experiences to be as convenient and easy as possible. One of the areas that are changed over time is how quickly payments are processed after a sale has been made. We hope we provided some insights into how modern technology can speed up the payment process in real-time.

Bitbuy and Cred Launch Cryptocurrency Lending Platform

Bitbuy, one of Canada’s leading cryptocurrency trading platforms, and Cred, a licensed San Francisco based leader in cryptocurrency lending and borrowing, today announced a strategic partnership that will accelerate the growth of the cryptocurrency economy and open finance in Canada.

Through this partnership, Bitbuy will become the first Canadian cryptocurrency trading platform to allow their users to earn interest on their cryptocurrency holdings. Canadians that hold Bitcoin, Ethereum, Bitcoin Cash, among others, will be eligible to earn up to 10% annualised interest on their holdings through a trusted and dependable provider.

The offering will be made available immediately through a co-branded microsite, with plans to develop a fully customised integrated solution in early 2020. No account minimums will be required, and interest will be paid every three months. Each initial term will be for six months, with the ability to roll over the cryptocurrency assets.

The partnership comes as savings, lending and earning have emerged as some of the most popular new offerings within the cryptocurrency industry worldwide.

Cred, founded by former executives of PayPal and Goldman Sachs, has taken numerous steps to ensure that its investments are always secure and fully compliant. The company, which has secured more than $300 million in lending capital, has implemented the industry’s most comprehensive set of risk management, information security, and insurance protection.

Bitbuy and Cred are equally committed to ensuring that Canadians have easy access to industry-leading products and services. As the cryptocurrency economy continues to evolve, the two companies plan to collaborate on more initiatives and offerings.

Bitcoin and Cryptocurrency Litigation

Bitcoin and other cryptocurrencies are gaining more attention as days pass. Aside from the advantages that cryptocurrencies have like anonymity and easy international transactions, people are enticed by the fact that it can become a good investment. Apart from trading bitcoins for cash, you can also use bitcoins to buy gift cards, book flights, and hotels, buy furniture, or even buy real estate properties. Bitcoin purchases are not taxed at the moment since there is no way for third parties to identify, track, or intercept transactions that use bitcoins. Transaction fees are considerably lower as well compared to credit card transactions or services like Paypal.

Although there are many advantages in using bitcoin or other cryptocurrencies, just like any other investments, you should always be careful with your transactions. Since cryptocurrency is not regulated, many unscrupulous people have taken advantage of this and incidents of fraudulent cryptocurrencies, and other types of scam related to cryptocurrency have happened. One example of this is Prodeum, a cryptocurrency start-up that scammed its investors in just one weekend.

Because of these scams, law firms have now been involved in helping the victims. Cryptocurrency litigation has now become something that some lawyers specialize in. There are a lot of factors to consider when a cryptocurrency dispute arises. Aside from fraudulent Initial Coin Offering (ICO), lawyers could get involved if the cryptocurrency was used to launder money or hide assets; they could also get involved when there is an issue with the company, commercial, or intellectual property laws being violated in relation to cryptocurrency.

Here are some things that you can do as a cryptocurrency user to avoid being scammed:

  1. Research. – Just like with any other investments that you will make, research is essential. When investing in an ICO, make sure to read and dissect their white papers to ensure that you’re working with reliable people. Take time to research the people behind the ICO, their whole team, board members, and other investors. It’s vital for you to learn as much as you can about the company before investing so that there will be no unpleasant surprises.
  2. Be vigilant. – Cryptocurrency is still primarily bought and sold at exchanges. Because cryptocurrency is something new and the fuss around it is its value, many people get scammed by the promise of unrealistic prices. If an exchange promises incredible discounts or offers that seem too good to be true, it probably is. Another thing that you can do to avoid bitcoin exchange scams is to check the exchange’s URL. If a website’s address starts with HTTPS instead of just HTTP, that means that the traffic is encrypted and therefore has more protection.
  3. Only use trusted sources. – Hardware wallet is a physical device that stores your private keys. Hardware wallets offer more protection from hacking since there is no way for hackers to access them when you’re not online. However, hackers have now found a way around that. Some hackers sell hardware wallets that have a backdoor for them to access all your cryptocurrency and the best way to avoid this is only to accept hardware wallets from trusted sources.

In need of expert legal advice? Contact us at Hogan Injury.

None of the content on https://www.hoganinjury.com/ is legal advice nor is it a replacement for advice from a certified lawyer. Please consult a legal professional for further information.