Top 5 E-Wallet Casino Sites for Easy Online Gaming in 2023
E-wallet casino sites are becoming increasingly popular among gamblers all over the world due to their many benefits. Besides the ease of transactions, there are many other benefits that are especially important for players who love their online casino games.
In this article, we will be looking at the top 5 e-wallet online casinos, their benefits, the best e-wallets to use, and more.
Best Online Casinos Accepting E-Wallets
Home to hundreds of casino sites that accept e-wallets, Malaysians have ample choice to find a reliable and reputable website. Here are 5 of the best e-wallet casinos for Malaysian players:
One of the best online casinos in Malaysia, this operator holds an online gambling license from the Government of Curacao. Combined with their generous bonuses, their options of e-wallets such as Help2Pay, DuitNow, EeziePay, Grabpay, and Boost makes BK8 a no-brainer for any avid gambler. They also accept cryptocurrency and is one of the casinos that has the most online casino games.
Having launched in 2018 with a license from the Philippine Amusement and Gaming Corporation (PAGCOR), AW8 is perfect for those who love mobile gaming. Featuring regular promotions and a large collection of slot games from reputable gaming providers such as Playtech, they accept e-wallets such as Help2Pay, Touch N Go, and EeziePay. They also take cryptocurrencies such as USDT, Litecoin, Bitcoin, and Ethereum.
Dafabet is one of the world’s leading online betting and gaming sites. Offering players online casino games, live casino games, and sports betting, they have been serving players in the Asia Pacific since 2004. Dafabet accepts e-wallets such as ecoPayz, Skrill, and Neteller. They also accept other payment options like local bank transfers, credit cards, debit cards, and cryptocurrency.
An online casino that has been around in Malaysia for more than 10 years, 12Play holds a license from PAGCOR. This operator features decent casino bonuses, a wide range of casino games, and accepts a variety of payment methods. Players can choose between e-wallets such as Help2Pay, EeziePay, PayTrust, Touch N Go, GrabPay, and Boost.
One of the newest online casinos that accepts e-wallets, Lucky Block is licensed by the Government of Curacao and made its debut in November 2022. Offering an impressive bonus system and wide variety of games, this operator accepts e-wallets such as Apple Pay and Google Pay. Other payment methods such as Bitcoin, Ethereum, Wire Transfer, and credit cards are also accepted.
What are E-wallets?
E-wallets or electronic wallets are applications that allow for convenient financial transactions via mobile devices. Also known as digital wallets, it stores your payment information and passwords securely.
You can then use these apps to pay for goods and services without the need for a card. Depending on the e-wallet, it may also be able to store other information such as membership cards, coupons, gift cards, personal identification, and more.
How Do E-Wallets Work?
E-wallets are designed to use a mobile device’s wireless capabilities such as magnetic signals, wifi, and Bluetooth to securely transmit payment data. This means it takes advantage of the mobile device’s abilities to access financial products and services. This in turn eliminates the need to carry a physical wallet as the user can securely store all their payment information easily.
Pros and Cons of E-Wallets
Once you understand how e-wallets work, you should understand the benefits it has. One of its most significant pros would be allowing users the convenience of not having to carry any financial or personal information throughout the day. This also means that there is less likelihood of losing physical cards or wallets while increasing better financial access.
When it comes to online gambling, here are some main reasons to use e-wallets:
- Convenient registration – Creating an account and depositing funds using e-wallets are much faster and easier compared to bank transfers or other payment options.
- Bankroll limit – The funds in e-wallet are based on how much you transfer. This means that it can be used as a great way to limit your spending when gaming.
- Multi-currency – Many e-wallets support multiple currencies, giving players more options when choosing the best online casino sites.
- Secure – E-wallets are well-loved by many players as they do not have to disclose sensitive payment details such as bank accounts and credit card numbers.
- Speedy Transactions – E-wallets are also known for their fast transactions such as instant deposits and quick withdrawals.
- Bonuses – Some online casinos offer players incentives such as free credits, free spins, and rebates if they use e-wallets.
However, security of e-wallets can become an issue if you opt to use those from providers who do not have an established protection. Similarly, without proper security on your mobile device, you risk someone else accessing your finances if you lose your phone.
E-Wallet Vs Credit Card
Both e-wallets and credit cards may seem similar but they come with distinct features and functions. Here are some differences to keep in mind:
Source of funds
The funds from a credit card comes from a bank while an e-wallet’s funds comes from a transfer of existing funds from your own account. This means that you can go into debt with a credit card, but not with an e-wallet.
Transactions and Fees
Most, but not all credit cards come with a monthly bill showing you the transactions you made. They may also require an annual fee. Meanwhile, an e-wallet only reflects the transactions that you have made from the money stored inside.
A credit card has typical features such as credit limit, rewards, payment period, buyer protections, and more. With an e-wallet, you will get features such as loyalty programs, buyer protections, and the ability to make payments via the app or QR codes.
Compared to credit cards, e-wallets have a lower fraud rate. In fact, Grabpay’s security safeguards its user’s money by keeping it in separate accounts with global banking partners. Regulated by Bank Negara, it has 24 hour fraud monitoring systems.
12 Best E-Wallets for Online Casino Gaming in Malaysia
There are a plethora of e-wallets you can use for online gambling. Some of the best include:
EeziePay is easily one of the most popular e-wallets in Malaysia. Founded to provide Malaysians a way to make safe and secure online transactions, EeziePay boasts near instantaneous payments. This means that you can make deposits and withdrawals from your favorite online casino easily.
To use EeziePay, download the app from the Google Play Store or App Store. Sign up for an account via a quick registration and start using your EeziePay wallet!
Founded in 2013, Help2Pay is now one of the leading payment methods in Southeast Asia. It is well-known as a flexible and great e-wallet platform as it allows your credit cards to be linked securely and safely.
It takes about 3 hours or less for funds to show up on your Help2Pay account after transferring it from your bank account. However, any funds deposited from Help2Pay to your gaming account will be reflected instantly.
Touch N Go
A Malaysian e-wallet that has been around since 2017, Touch N Go is extremely convenient as it also has more than 28,000 merchant touchpoints where it can be used to make payments in the country via QR code. Besides that, it can also be used to make instant withdrawals and deposits with online casino platforms.
Founded in 2017, Boost has revolutionized online transactions. Simply by using boost, users can make transactions via 17 online banking payment methods. Players can also load funds into their boost account via credit or debit cards before using Boost to transfer money securely into their online gaming accounts.
Skrill is another reputable e-wallet that is extremely secure. Its fraud protection alerts make it seem more like a credit card compared to just an e-wallet. In fact, it even has options for fiat and cryptocurrency, allowing users to switch and trade between them easily. Skrill also offers pro accounts where users can pay for additional services such as identity protection.
Founded in 1998, PayPal is easily one of the best e-wallets anywhere around the world. Accepted internationally in more than 200 countries, Paypal takes no monthly fees when compared to many other e-wallet platforms. It is also extremely secure and takes their member’s safety seriously. You can use PayPal for online casinos almost anywhere in the world.
Neteller is another popular e-wallet that offers secure and safe payments. Accepted by many online casino sites, it can be used to make speedy deposits and withdrawals without a fee. Neteller also handles currencies from various countries, making it especially handy when using it with online casino games.
One of the best choices of e-wallet for international travelers, WebMoney does not impose restrictions on its users based on location. It is perfect for gamblers who want to use a Virtual Private Network (VPN) to gamble online as it is highly confidential, protecting both the play’ers identity and location.
This popular e-wallet was created in 2000. It allows users to store and transfer their money easily via the platform. EcoPayz is well-loved due to its 24.7 support, secure payments, multicurrency accounts, and data encryption that protects its users. Although it provides a great service, users of this e-wallet should be mindful of its complex fee structure.
Sticpay is an e-wallet platform that is accepted in more than 190 countries. However, its primary market remains in the Asian continent. Sticpay offers protection of its users with an additional layer of security while monitoring them. It is therefore a great choice for safe, secure, and fast transactions for online gaming.
A platform that works with other e-wallets and banks in Malaysia, DuitNow is a local Malaysian platform that allows transactions via QR codes. Launched by Paynet under Bank Negara Malaysia, DuitNow accepts local banks such as HSBC, CIMB, and more. Offering a faster and seamless checkout, its transactions are instantaneous.
Available in Singapore and Malaysia, GrabPay is an e-wallet platform developed by Grab. Although it is not supported at many online casino platforms, GrabPay is secure as all transactions must be authenticated via their official website.
How To Start Using An E-Wallet Casino
Using e-wallets for online gaming is very straightforward. Here is a step-by-step guide to using e-wallets for your online casino games:
- Choose an e-wallet platform based on their features and fee structures
- Open an e-wallet account and complete the registration process
- Transfer some funds into your e-wallet account via bank transfer, credit cards, or debit cards
- Choose your favorite e-wallet casino site based on factors such as bonuses and e-wallet they accept
- Complete your online casino registration process
- Fund your online casino account using the e-wallet
E-wallets are extremely common these days. This also means that more online casinos are now accepting e-wallets as a viable payment method. Gamblers who are concerned about safety and security should choose e-wallets as they protect personal information such as identity and financial information.
How do I choose an e-wallet for online gaming?
Each e-wallet has its pros and cons. If you already have a favorite online casino platform, check with customer support to see which e-wallet they accept. You can also choose an e-wallet based on their features such as identity protection, security, and fee structure.
Depending on your preference, you can choose e-wallets that accept only MYR or support a variety of different currencies. Some e-wallets also give you free credits or extra income if you share your referral code. Be sure to take into consideration their customer support options such as via whatsapp, live chat, and more.
Are e-wallets safe to use?
Yes, reputable e-wallets are safe to use as they are committed to protecting the personal data and financial details of the user. This means that the vendor will not be able to acquire your financial information. Purchases through e-wallets also have to go through a two-step authentication process.
Combined with activity monitoring and fraud alerts, e-wallets are one of the best options for online gambling. Some casinos offer bonuses such as extra welcome bonus, deposit bonus, or cashbacks if you use an e-wallet.
How do you use e-wallets to make deposits and withdrawals?
After opening an e-wallet account and online casino account, select your e-wallet as your preferred payment method when setting up payment information with the casino. After entering your e-wallet details, you can now set an amount to transfer or withdraw.
Are there fees for transactions using e-wallets for online casinos?
Most e-wallets do not charge any fees for deposits and withdrawals. The only fee you need to pay is when you transfer funds out of or into to top up your e-wallet account.
Can I register for an e-wallet account from my phone?
Yes, e-wallets are generally mobile focused. This means that they are usually optimized for mobile registrations.