There have never been more methods of paying for mobile games from your device, and in 2018 additional options are emerging. The future is all about instant and easy transactions which won’t result in exorbitant fees. As it stands, credit card and PayPal payments still lead the way, but other options like bitcoin are offering advantageous alternatives to the traditional choices. Here we look at the preferred methods in 2018 and also make a prediction for the future.
Credit Cards and PayPal Still Reign Supreme
For users of Apple products, the simplest way to purchase games is to create an Apple ID which is linked to your credit card. When you want to purchase a game, simply enter your ID and password and your credit card is billed instantly. PayPal is another popular option, as it is available in over 100 currencies and in more than 200 markets. In 2016, 6.1 billion payments were made using the service. These are two of the preferred methods of paying for mobile gaming apps.
Online casinos aim to offer as many payment options as possible in order to attract more players. This is only expected since they're a special category of the app: They not only offer in-app payments such as freemium games but also allow you to bet and win real money. A quick glance at casinos-online.ca shows sites like Royal Vegas Online Casino use its Canadian-friendly payment options as a selling point. Most sites accept Visa and MasterCard as their main forms of payment, but now there are a number of different options such as Skrill, Neteller, and ecoPAYZ available for payment. Although some online casino apps can be installed through the App Store when players want to deposit they sometimes need to transfer funds directly to the online casino using its website.
Bitcoin and Other Virtual Payments
In the near future, a move to bitcoin or other cryptocurrency payments for mobile payments could well be on the cards. There are already arguments that bitcoin payment systems are better than banks, and this is why the e-currency created in 2009 has enjoyed such a dramatic rise in value over the past few years. Some online casinos are already accepting various cryptocurrencies as a method of payment, and there is a strong chance that others will follow suit sooner rather than later. Steam used to accept bitcoin until recently, and there are apps such as Bitcoin Pay which allows users to pay for purchases with the e-currency. The beauty of online casinos using these decentralized forms of payment lies in the fact that they can attract players from all over the world, and the players won’t be charged massively inflated fees just to deposit money at a site.
At the start of 2018, bitcoin is the most popular of all the cryptocurrencies, and worth the cost at over $11,000 per unit. But others such as litecoin and ethereum are offering alternatives - also known as altcoins. It’s a case of the wait to find out which one earns mass adoption. Most mobile gaming apps and online casinos involve peer-to-peer involvement, with the players often based in different parts of the world. For this reason, it would make a lot of sense to have one standard currency for everyone to use. As it stands, credit cards and PayPal payments are still the most trusted options, but this could soon change.