Italians love to gamble, so much so that the Italian government decided to pass legislation which regulates the activity online and only allows a handful of online gambling operators to work in the country. Nevertheless, many online casinos continue to provide their services to Italian players while operating under international licenses, while others are regulated within the country.
With Billions of Euros being deposited by Italian players to online casinos, the question becomes, what are the best payment options for Italian players looking to gamble online. If you are curious, keep reading and find out more about the best payment methods for Italian players.
Skrill and NETELLER
Majority of all online casinos that accept Italian players, whether licensed locally or not, accept deposits via the two popular e-wallets who recently joined forces to become a single industry giant. The processors provide quick and easy deposits that are free of any charge and make online banking more safe and more anonymous.
Players using Skrill and NETELLER are not forced to share their banking details with online casinos directly, which means that even when playing with unregulated online casinos, players will not get into any trouble.
The downside of using Skrill and NETELLER are the somewhat steep cashout fees, which climb up to 10% when cashing money back into player’s banking account. The good news, however, is that players get to receive extremely fast withdrawals from online casinos, as they are often processed within hours.
And extremely popular payment method for online casino players worldwide and especially in the highly regulated markets is the Bitcoin. The popular cryptocurrency has been rising in value exponentially through the last several years, reaching new highs on a monthly basis. Bitcoin provides the kind of anonymity that no other payment method can come close to, leaving no real trace of who was using it or what they used it for.
Bitcoin is becoming so popular that many of the world’s government are starting to regulate or ban it, but Italian players can use it to make easy and anonymous online casino deposits and cashouts. The flaw of the Bitcoin is that its value changes so often but given the trend, players seem to be making money a lot more often than losing it by using Bitcoin for online transactions.
A payment method invented specifically for Italians to make online payments and run by the Italian postal office, PostePay is a somewhat unpopular but convenient payment method in Italy. The payment processor allows users to receive prepaid Visa cards which can be used to make online payments of all sorts, including online casino deposits.
PostePay cards can be used to make quick and safe deposits as well as cashouts from a variety of online casino sites. The players using PostePay also get to benefit from various promotions that the company often throws or use the cards to make other types of online payments that march not be related to online gambling at all.
CartaSi is another payment method exclusive to the Italian market. The company issues players with pre-paid Visa cards which are linked to their Skrill account and can be used to make online casino payments fast and safe. Furthermore, players can actually get some playing credit using CartaSi as the payment are only settled up to 45 days after the initial deposit is made.
CartaSi works great in protecting players against any type of fraud as they never have to share any information with the online casinos or anyone else in the middle. Players who run into any kind of issues with CartaSi can use the local Italian customer support to get instant help in their native language.
Credit cards such as Visa and MasterCard can only be used to make deposits in Italy to those online casinos that have a proper license issued by the Italian government. This reduces the number of online casino venues that users can play with using their credit cards, making the payment method less popular for Italian players.
Nevertheless, credit cards remain the most popular payment method in the world and despite relatively slow cashout times and the risks involved with using credit cards online, most people still seem to believe they are safe enough to make online casino payments on a regular basis.
EcoPayz and EcoCard
Another popular e-wallet, EcoPayz is available around the world and provides another way of making online payments without sharing the banking info with the online casino. The processor also issues its own MasterCard known as EcoCard which can be used to make instant cashouts at ATMs around the world, making EcoPayz one of the easiest and fastest ways of getting your winnings out of your online casino account and into your pocket.