Archive for the ‘Payment Methods’ Category

The New MiFinity eWallet

A new payment system has hit the market. The MiFinity E-Wallet is the newest online payment system to serve the gaming industry. Developed by global payments provider MiFinity Payments, this e-wallet seeks to mitigate many of the payment challenges faced by online gamers. We’ll be looking into the MiFinity eWallet, with the aim of discovering what gamers can expect from the new system.

What is MiFinity?

MiFinity is an e-wallet. An e-wallet is an online wallet where consumers can store payment details, giving them an added layer of protection and security during online purchases. MiFinity is a new system which can send money from anywhere in the world to any other location. E-wallets are known for carrying out seamless payments, making mobile purchases far easier.

Users can load funds or carry out withdrawals using any Visa, Mastercard, China Union Pay credit or debit, prepaid or virtual card using the MiFinity PayAnyCard and PayMyCard products. The system includes fraud monitoring controls and authentication systems which are inevitable to mobile gamers. Online betting transactions often fall into a high-risk category, due to the risk of money laundering and geographical issues affecting the sector.

How does it compare to other e-wallets?

MiFinity faces some competition in the e-wallet sector. PayPal and Neteller both present a similar product to the market. PayPal has been available since 1998 and is used widely in the retail sector. It also has the capacity to make transactions all over the globe. The brand has branched into the online gaming world with a high level of success. As many already know the brand from use in retail transactions, it is often attractive to stick with the same e-wallet for gaming transactions.

Neteller offers the market something slightly differ. Owned by the Paysafe Group, this e-wallet comes from a company with a vast array of payments knowledge. Paysafe Group are a registered partner with Mastercard, which allows them to offer their users a prepaid Mastercard. Players can use this card anywhere that accepts Mastercard. It can be used to fund an account and withdraw winnings.

Unlike both of these systems, MiFinity e-wallet was developed with gaming in mind. It was developed solely for use in this industry alone. Therefore, it is uniquely suited to adapt to the challenge specific to the gaming sector.

When will it be available?

MiFinity is already available. The company debuted the product in London on 2nd February 2016.

How is it great for mobile bingo?

As we mentioned earlier, MiFinity is the only e-wallet developed specifically with the mobile gamer in mind. Therefore, ideally placed for use in mobile bingo. We expect to see many bingo sites that accept MiFinity bingo, to start appearing on our radar.

The gaming sector is tasked with finding a payment system that offers increased protection against fraud and the ability to make payments quickly. As there is only one source of service, gaming operators can offer players a flexible experience. The system has a wide range or reporting capabilities and real-time monitoring to lower the risk of fraudulent transactions.

MiFinity bingo may just become the newest sensation to hit the web. Tailor made for the online gambling industry, this e-wallet looks to set new standards.

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Neteller Bingo Sites for Mobile

The payment methods offered by a bingo site has a huge impact on where we choose to play. Gone are the days where accounts could only be funded by credit or debit cards. Now, players have a wealth of options. Mobile gaming, in particular, has been a great driving force in creating a larger number of payment methods. On-the-go gaming relies on convenience and security. How we pay has to move with these concerns. Fortunately, technology has risen to the occasion. We now have a huge number of mobile sites that have great promotions and are easy to fund.

Top Sites that Take Neteller

When we look for a bingo site, we look for a number of different things. We want great promotions but we also want a site that makes depositing and withdrawing easy. A way that bingo sites can do this is by offering users a variety of different ways to fund their accounts. A method that has risen in popularity is funding via e-wallet. These online wallets allow players to store funds safely and securely. They also make depositing extremely convenient. One of the most utilised e-wallets on the market right now is Neteller. If you’re looking for mobile bingo sites that accept Neteller, then let us help you out. Look no further than these top sites below.

Wink: Deposit £10 and spin to win on the wheel of prizes. You’ll also get a fabulous 250% first deposit bonus!

mFortune: This mobile site gives new players £5 of no deposit free credit as soon as you register and attach a valid payment method to your account.

Bingo Hollywood:  A whopping 500% first deposit bonus will be yours when you deposit your first £10.

Neteller Bingo Analysis

Neteller is a great way to deposit and withdraw on your favourite bingo sites. Safety is a prime concern for anyone who plays on bingo sites. Is Neteller safe? Yes. It provides a barrier between you and the site you are playing on. The site receives none of your card details as they are protected by the Neteller encryption software.

One of the main advantages of Neteller is that it provides consumers with a means to make and receive payments to thousands of sites. Your funds can be kept on a virtual card which is offered in 8 different currencies. Account holders can even order a physical version of this card which comes in the form of a prepaid Mastercard. You can then use this card as a budgetary method when playing on the best real money mobile bingo sites. Or use it to withdraw your winnings in cash from an ATM.

Deposit limits are of concern to many plays. Often different methods have different limits. Luckily Neteller deposit limits are usually at the higher end of the scale. Therefore, this e-wallet is definitely suitable for the high rollers out there.

When comparing Neteller with PayPal, we can see that the method does have some disadvantages. First off, it is not as widely accepted. PayPal has been dominated e-wallet transactions in the retail sector for years. Therefore, it was only a matter of time until it made its way to the gaming market. Now, a large number of bingo sites accept PayPal. As many users already have an account as a result of making retail purchases, they may choose to stick with this method rather than switch.

Getting Started Online

Getting started with Neteller is very easy. You’ll first have to take a trip to the Neteller website. From here you can create an account. This will give you access to your e-wallet. It’s free to join and takes less than a minute to do. Once you have an account you can begin funding your e-wallet. This basically means adding a card. When you add a card, any later transactions made using Neteller will encrypt all details of this card. If you wish to order a Neteller prepaid Mastercard then you can do this online. Your first one is free.

Once you’ve set up your account to suit your preferences, it’s time to take a trip to one of the Neteller bingo sites on the web. When you get to the site you wish to play on, go to the banking section as normal. When the site prompts you to choose a deposit method, select Neteller. Then just enter your account credentials and select the amount you wish to deposit. After this, hit deposit and your account will instantly be funded courtesy of Neteller.

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Ukash to become PaySafeCard – What it means for you

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As regular readers of our blog will no doubt be aware, Ukash is soon to be taken over by PaySafeCard. This move is part of Ukash being acquired by the Skrill group, who operate on several payment methods, including PaySafeCard, and have made the decision to no longer continue with Ukash and concentrate on PaySafeCard instead.

What does this mean for players?

So what does this mean for bingo players who use Ukash? The main difference is that it will now no longer be possible to buy Ukash codes and cards, which means that players for whom this is the preferred payment method will not need to look into other payment options. If you already have a Ukash code which you haven’t used yet, then you have until October the 15th 2015 to be able to use it and spend it on your site of choice. After this, however, you will also need to look in to alternative payment options for playing on bingo sites and mobile bingo sites.

Other payment options available

Luckily, there are still plenty of payment options available for you to use on online bingo. For a start, you might actually want to consider playing bingo via PaySafeCard, as the system for Ukash cards and PaySafeCard are relatively similar – they are both eWallets,. To begin with, you will be using the same system to top up PaySafeCard as you did for Ukash, so you don’t need to go about learning new ways of getting credit and depositing onsite, which is good news if you’ve grown accustomed to Ukash and what it offers.

Benefits

What’s more, in many ways this new method of payment will be more convenient as there are more places where PaySafeCard can be bought and used in. You can buy a PaySafeCard from many local stores, so ask your newsagents and keep an eye out for signs telling you that it’s on sale. You can also go online to find numerous websites which allow you to search for stores near you which sell the card, and there is a handy PaySafeCard app, available on iOS and Android devices, which provides you with plenty of useful information about the card and how to use it, just in case you’re still unsure. PaySafeCard is available in so many locations, it will now be even easier for customers to have their cash converted into eMoney.

Using an eWallet like PaySafeCard is a great way of being able to play bingo online whilst still being able to keep your details and your cash safe. Another great method is through mobile phone bill bingo, which, as you might have guessed, allows players to pay for bingo via their mobile phone bill. The way this works is, when you deposit on a site and wager money on it, how much you’ve deposited will then be added on to your next phone bill for you to pay that way. This is a good security measure and is very straightforward and easy to do. However, it can make it a little bit difficult to follow how much you have spent on a site.

Mobile phone bill bingo appears on a number of different mobile bingo sites which is great news for anyone who likes to play bingo on their phone as the two go hand in hand together in many ways. You can also top up your phone and have your money taken off your balance whenever you make a wager. Both of these methods make a lot of sense on a practical level and on a security level, particularly if you are playing bingo on your mobile or tablet device.

Overall, the switch from Ukash to PaySafeCard will not have a massive impact on bingo players so long as you remember to use up any unused Ukash credits before the 31st of October. There are many different payment options for you to use, including by Skrill, Bank Transfer or even by credit or debit card if you want to go back to basics. There are pros and cons to all of these, so make sure to do some research – but overall, PaySafeCard is a solid choice.