The online gambling industry is expanding and providing players with various ways of playing. Sweepstakes casinos have returned, and they’re growing steadily online. More players are joining in the fun of gold and sweep coins.
As a result, the social casino global market is expected to grow from the 2023 £7.39 billion balance to £7.99 billion by the end of 2024. Before joining one, new players must thoroughly research and understand sweepstake casinos’ primary elements.
After deep-diving into social casinos, I found that payment options are one of the most overlooked elements. Without further ado, explore the most convenient payment methods for sweepstakes casinos with me.
What are Sweepstakes Casinos
Sweepstakes casinos are also referred to as social casinos. These are online gaming platforms where playing doesn’t revolve around using real money. I can play traditional online casino games like slots, cards, and dice using gold or sweep coins.
These virtual currencies allow you to play without the need to deposit cash. As a result, these aren’t classified as gambling platforms as they do not require real money deposits, bets or wins.
Hence, it’s easier to find top US sweepstakes casino sites even in states that do not allow real money gambling. These are the perfect alternatives in countries where gambling isn’t permitted.
Why the Need for Payment Methods?
So, why are payment methods needed if sweepstakes casinos aren’t gambling platforms and don’t require deposits or real money bets? The answer to this question lies in understanding how the virtual currency coins of social casinos work.
Gold coins are used for entertainment. I could only use them to play games. There’s no option to exchange them for real money. However, if you run out, there’s an option to purchase more gold coins and continue playing. This still doesn’t give them real cash value.
Although I couldn’t purchase sweep coins, they’re included in some gold coin purchases. You can also win them as you play. Sweep coins grant you access to games with real-world prizes like cash and gift cards.
Common Sweepstakes Casino Payment Methods
To purchase more gold coins, I need payment methods. Like traditional online casinos, sweepstake platforms understand the need for various payment options to cater to different customers. Also, to ensure smooth purchases.
These are also used to redeem prizes made from sweep coins. I found that these aren’t so different from payment options found in a traditional online casino. The most convenient options fall into the following categories:
- Bank cards
- Bank transfer
- E-wallets
- Cryptocurrencies
I found methods such as Visa, Mastercard, Skrill, Neteller, and more within these categories.
What Makes Them More Convenient
The main concern is safety when making purchases or entering personal data online. Many online businesses use and support the aforementioned payment methods because of their safety and security. Another element customers look for in a banking option is convenience in terms of speed when making purchases and receiving money.
Safety and Security
The last thing anyone wants to experience is financial information compromised. Legitimate sweepstake casinos employ robust security technologies to secure your financial information. On top of that, they partner with trusted financial companies like Visa and PayPal to ensure your data isn’t accessible to unwanted parties.
Also, the long list of banking methods leaves players with the freedom to choose an option they trust the most. For instance, some e-wallets have an extra layer of security as they mask your baking details when making online purchases. Similarly, crypto payments come through the secure tunnel granted by blockchain technology.
Transaction Speed
In iGaming, payment method convenience comes in transaction speed, accessibility in various parts of the world, and ease of use. Hence, sweepstakes casinos support common payment methods widely used in traditional online casinos.
Most of these options allow instantaneous deposits, allowing players to start playing immediately. Remember to check how long withdrawals take using the available payment options. Unlike deposits, these don’t usually happen instantly.
However, there are quick withdrawal options that take a few hours to process. Others can take a day, a few days or even longer.
Making Purchases at Sweepstakes Casinos
In my experience of playing in a sweepstake casino, purchasing gold coins when you’ve run out is straightforward. Please follow the steps below, as most platforms have similar user interfaces:
Step 1: Register or sign in to your sweepstakes casino account.
Step 2: Click on “Buy Coins.”
Step 3: Choose a coin bundle you’d like to purchase.
Step 4: Select the payment method most convenient for you.
Step 5: Enter the required information, i.e. account details.
Step 6: Proceed and finish up by reviewing and confirming your purchase.
In Closing
For the most part, sweepstakes or social casinos operate similarly to traditional online gambling establishments. The main difference is that the former doesn’t require deposits and real money bets to enjoy casino games. Instead, it uses virtual currencies that have no real-world value.
Nonetheless, I found the same primary features like various game categories, bonuses (gold coin packages) and payment methods. Although deposits aren’t a requirement, you can purchase more gold coins when you’ve run out. Moreover, you can use payment methods to redeem cash prizes from sweep coins.
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