Online payment methods

The options are numerous. And getting more and more in daily basis. We are talking of course about payment methods online. In other words how to make your transactions at internet fast and with the maximum security possible. In this innovative idrustry, online gambling contributed with the most efficient way. See punters are getting more nad more needy. And they do seek ways to satisfly their needs. And this is the locomotive power that leads to evolution. Or alternative payment methods if you will. And since you are already in the hospitable page of brokerstorm.com you can easily find out by yourself that many and different transaction methods are offered.

That is the very reason that this guide exists. To inform about the methods of payment online in general, and the ones we use in particular. In the lines that follow you can find anything that you need to know about the payment methods. Charges, withdrawal times and many more that will help you decide and pick the right method for your game. And of course we have a separate paragraph for cryptocurrencies. The blockchain payment methods are gaining ground in online gambling. See why.

Which payment methods does Brokerstorm.com offer?

As you can easily find out, here in brokestrom.com we offer a number of online payment methods. Our main concern was to provide a vast variety of transactions alternatives, so everyone will find the best for him. In terms of low transaction fees or the needed time for one withdrawal to be completed.  Do note that we update those methods regularly, so don’t forget to frequently visit our payment section here.

Card payment methods

Alongside with bank transfer were the two most common methods of payment online “ancient” punters used. Since the beginning of gambling online, credit or debit cards were an easy, fast and free of charge way to fund your betting account, or withdraw your winnings. In brokerstorm.com we do include this popular method in our transaction arsenal. Only thing you need to know is that there is a €50 minimum limitation for both deposits and withdrawals. And that the first pay-out per month ii totally free of charge (the others are charged with a 1.5% fee). It goes without saying that there is no charge on deposits.

Skrill

Started as an alternative payment methods, Skrill has managed to be considered as one of punters top coises in really sort term. It offers security, very fast transaction and all those with really low charges. Unless of course you choose to transfer money from Skirll to you bank account. Charges in that case could be up tp 3%. Punters do trust Skrill cause they feel secure, as a two-factor authenticator in addition to SSL Decryption is used to encrypt everything. As mentioned before on cards, there is also a €50 minimum deposit and withdrawal and again in this case the first withdrawal of every month is free of charge.

Neteller

Another well-know platform for on-line transactions is Netteller. This e-wallet built its reputation by offering instant deposits and withdrawals that could be completed within the day. And after joining the Paysafe Group Neteller also adopted the two-factor authenticator and also use SSL Decryption to encrypt everything. Brokerstom.com also included Netller at the payment options, providing the very same advantages as to the rest transaction alternatives.. Such as no fee charged in all deposits and one withdrawal per month without any charge at all. Again for Neteller there is a €50 minimum deposit and withdrawal.

Much Better

MuchBetter is a taylor made transaction method created for online gambling activities only. The unbeatable advantage of that is that it was shaped from punters wants. And what a punter might want when it comes to payments methods online? Speed. No matter if it is for deposits, withdrawals or the KYC procedure, time sure matters. Also take into consideration that unlikely other methods, there is completely no restrictions on claiming bonuses. Both in bookmakers or exchange pages. MuchBetter is of course a brokestrorm option. Providing to this most suitable transaction method the same benefits as to the rest of our “family”. A withdrawal free of charge per month and also the lowest possible fee (1.5%) for the rests. Deposits of course have no charge.

Bank Transfer

As old as time (the time of Crusaders at least), as solid as rock, bank transfer was the first transaction ever performed more centuries ago. And of course one of the first that has been used at the online era. And besides the revolution that e-wallets and other transactions methods had brought, bank transfer is still at the top of punters’ choices. And one of the accepted payment methods here in Brokerstorm.com. We do offer a withdrawal with any charge at all – the first of every month – and a low fee (1.5%) for the rest of the month. On;ly thing that is different from other payment methods is the minimum deposit and withdrawal set at €150. For your information brokerstorm.com bank transfers are completed in just a few hours and needs no more than 3 business days to see the money at your account.

Astropay

At first there were the prepaid cards. Their main objective was to limit the online scams. And it worked just fine. So fine that now it has its virtual evolution. Operates under the name Astropay and is by far one of the most secure betting payments methods due to unique security protocols and latest encryption. You can be sure that everything will go just fine when using Astropay and that also you can find this virtual card between our transaction methods. Using Astropay at brokerstorm.com can benefit you on so many ways. Given that your first withdrawal per month is without any fees, you can enjoy the rest of them simply with the small charge of 1.5% per transaction.

Which are the most popular alternative payment methods

When we say Europe we may consider it as an undivided space – at least in economical terms – but the reality shows that there is nothing like this at all. Even the European union countries that share the same currency when it comes to online payment methods have many differences. As you can’t see in the lines that follow, every single one of them have their own favourite one. Besides cards of course that are way ahead from every other method.

Italy payment methods

In Italy the recent years it happens a cosmogony in terms of online commerce. Day dy day Italians adopt new – at least to them – online payment methods. Credit and debit cards may still hold the 40% of any online transaction, but the important is that payment via bank transfers are limited to 7%. That gap was filled by all brand new methods. Such as e-wallets (PayPal, Sofort etc) or mobiled based methods like Apple Pay, Google Pay and Bancomat Pay. Note that transactions with mobiles have raised up to 27% the past few years. Other payment methods online used in Italy are the following: Postpay (prepaid cards specifically designed for Italian shoopers) and CartaSi (a co-branded Mastercard or Visa credit card that can be used for online purposes) are the more used form them.

Spain payment methods

Spain the online transactions is a bipolar situation. The 51% of online transactions are made by debit or credit cards and the 41% with the use of PayPal or other e-wallets that are used. Besides cards payments, Spanish punters prefer mainly Paypal for their betting activities rather than any other of the accepted payment methods in the country. in addition Sofort claims a part of this market, but what is gaining the interest of spanish consumers is a local method. It is called Bizum and at first was created for shoppers in order to help them overcome their fears about online transactions. Its ever-rising popularity is for sure going to influence country’s betting payment methods in the near future.

Portugal payment methods

In Portugal cards are enjoying a solid monopoly. Their penetration in online market has reached the 83%. It is calculated that there are in circulation more than 29 million cards (both debit and credit), that is 2.29 cards per capita. From the other methods of payment online in the country we have to mention MultiBanco NET and MB Way. The first mentioned method is actually a virtual credit card issued by Visa, Mastercard or American Express. As for MB Way, it allows consumers to shop online (or in physical stores), then generate virtual cards, send or receive money even split the account and in addition to be able to use the withdraw money through a smartphone, in the MB WAY app or in the bank-app.

Other European payment methods

As for the rest of European countries we can say that more or less the situation is as mentioned above. Cards are having their fair share of online activities while e-wallets claim what they tinh they deserve. The types of payment methods of course vary from one country to another, as there are many local methods that already gained consumers trust. Take for example Cartes Bancaires (something like CartaSi we examined earlier in Italy). It is France most popular method. Or Dankort – the national debit card of Denmark – second only to Visa in this kingdom’s territory. In conclusion, europeans trust global and local brands and they make small steps when it comes to other methods.

The best payment methods online

E-wallets

Normal bookmakers don’t feel very comfortable when dealing with e-walletts. They do accept it of course, but would prefer their clients to do their transaction in a more old-fashioned way. E-wallets are offering their holders the chance to ensure their anonymity. And this opposes to KYC policy that bookmakers are applying. So besides the fact that transaction are completed in the minimum of time, e-wallets offer you the luxury to avoid unnecessary exposion. As for the first, using an e-wallet means that it only takes a few minutes to receive your money after the pay-out will be settled. And if you play on international bookmakers, then the e-wallet will make sure that you can do it in the best terms for you. And this is what you need from online payment methods.

Cryptocurrencies

Privacy is their huge advantage. Cryptocurrencies as a concept was developed to avoid the known banking ways. And secure that the one that holds the cryptowallet remains unknown. An advantage that can be really useful, especially for punters that desire to play to international bookmakers or exchanges and avoid any geographical complications. And that is the reason why it is established at the very top of the list of alternative payment methods. Bitcoin was the first to be launched, but since that time, many – actually thousands – other cryptocurrencies followed. Bitcoin stays at the top though, especially when it comes to betting. It is estimated that more than the 80% of betting transactions held with cryptos use Bitcoin.

Paysafecard

Every punter has used even once a Paysafecard to fund his betting account. The reason is more than obvious. It is the most simple and easy to use from all payment methods. And free of charges. All you need to do is buy the voucher, use the 16 digit code and thats it. Paysafe can also guarantee safe and fast payments and lately that has been evolved to e-wallet maximum security for your transactions. Note that as one of your betting payment methods in soft bookmakers might excluse you from their bonuses or offers, but you wont face that on exchanges or international bookmakers. The only disadvantage we found on Paysafecard is the fee you will be charged if you try to take money from your card from any given ATM.

Cards (debit/credit/prepaid)

The types of payment methods may vary form bookmaker to bookmaker, or betting exchange, but there is an invariant to that called debit or credit cards. The most well-known and used ones are of course Visa and mastercard, but when we refer to cards we also includ Maestro and prepaid. Punters are using cards as one of the most easy to use methods of payment online. And as they are linked to their bank accounts, they have the control of all transactions. It is recommended for online betting, unless you have a reason why your tracks mustn’t be visible to anyone. The charges in general are amongst the lowest – compared to other methods – but in some cases a payout could take a little bit longer to be completed. Even 5 working days.

Crypto methods of payment online in betting

Lately, the number of bookmakers, online casinos and exchanges that accepts cryptocurrencies is increasing in geometric progression. Punters want them, bookmakers and others gambling providers offer it. But as time passes by and more and more cryptocurrencies appear a question among punters has been raised. “Which cryptocurrency is considered the bet for online betting”. frankly, it is a totally fair question, but then again there is no answer to that.

You see, when we talk about cryptocurrencies we are referring to more than 4.000 of them. And probably by the time you are reading this there will be even more. As people trust them as an investment option or one of the alternative payment methods then this number will surely go up. When it comes to betting, especially to exchanges and international bookmakers, the lack of personal details and the chance to place your bets without any kind of limitation is the main advantage of cryptos and the main reason that type of punters use them as ther main online payment methods.

But then again, every single crypto is offering that, so we can’t come to a conclusion about what is best for us. Let us now examine cryptocurrencies from the standpoint of withdrawal times. Still no luck as every single one of them needs no more than 30 minutes to complete the transaction. There must be something that will help us get off this maze of payment methods.

For instance Bitcoin (BTC) the pioneer for this types of payment methods is still the most popular and most used from everyone else. Etherium (ETH) from its first day was considered as the ultimate usurper in cryptocurrency kingdom. And it succeeded on beating Bitcoin to transactions times, but still it is more expensive than Bitcoin.

Another popular choice is Litecoin(LTC). This crypto used Bitcoin’s structure, but was able to reduce the fees and that’s why is gaining popularity every day. Same thing with Dogecoin(DOGE. Spead of light when it comes to transactions (even in less that 15 minutes) and lowset fees in the market. Probably why punters prefer it more and more.

More options for online betting are the Ripple (XBR), the Monero (XMR) and ZCash(ZEC). You may have seen one of them or all of them in crypto sportsbooks and casinos. Operators offer them as they suit punters needs all the way. But the question still remains. Which one should i choose for payment methods online? Well there is only one anwer for that. The one that you feel secured with. And Bitcoin can definitely be one of them.

FAQ

What are payment methods?

From bank transfer and credit/debit cards to e-wallets and crypto, modern age bookmakers and betting exchanges offer to their clients too many ways to fund their accounts. Αnd collect their winnings of course. Before start wagering a punter has to make sure one thing. That he totally understand all about methods of payment online. And select the one that suits him best.

Which are the best online payments methods for betting?

As you probably have already read, MuchBetter is a one of the many payment methods that developed for betting online purposes. And that is what’s so special about it. The fact that this method was developed to cover the needs of punters. In the same manner you should pick the one that fits you best. And as you finished reading this guide, you already know all the pros and cons. Only thing you need to do now is to adjust them to your needs.

What are the withdrawal times on each payment on Brokerstorm.com?

For each and every one of the six different online payment methods we offer, we try our best to proceed with the withdrawals as fast as possible. That is in the next 2 to 4 hours since the request will be made. But they are some cases that this procedure might take a little longer and last 24-72 hours, due to operators payment policy.

Are there any fees for depositing and withdrawing at Brokerstorm.com?

No they are not. At least not on deposits. You can make as many as you like without any additional cost. You can also have your first pay-out of the month free of charge, regardless if you have chosen an alternative payment method or the “traditional” ones. A fee of 1.5% will be charged for every other withdrawal within the month.

Can I make transactions with cryptocurrencies at Brokestorm.com?

Cryptocurrencies – Bitcoin to be more precise – is among the payment methods online that are available at Brokerstorm.com. It is the first, more used and known from all cryptos. And a choice for those punters that have an account here who wish to use all the advantages it can offer as a transaction alternative. Staying under the radar is one of them.