Chapter 8: Understanding Payment Systems
Collecting your winnings at a land based casino usually doesn’t involve much more than a trip to the cashiers cage to cash in your chips. When you’re gambling online, things aren’t quite as simple.
There are a number of online payment systems online casinos use for their payouts and players can be very particular about which system they prefer and for good reason. Some systems have lower fees than others and, of course, some systems won’t work with players from certain countries. (PayPal won’t work with gambling money at all.)
We encourage beginning casino affiliate partners to spend some time familiarizing themselves with the fees. Here’s a very brief look at some of the pros and cons of some of the most common payment systems.
Neteller – It’s one of the most widely used, and widely accepted, systems in the world. Many players like this system because they don’t charge transfer fees.
Skrill (formerly MoneyBookers) – Skrill is also widely accepted and carries a good reputation in the industry. The company does charge transfer fees (though they are relatively low) but is otherwise very similar to Neteller.
Click2Pay – While it’s known as a reliable system, Click2Pay is not as widely accepted as some of the bigger brands. There are a number of countries, including the United States, that Click2Pay won’t work with at all.
PayPal – They’re the biggest internet payment system, but they won’t touch gambling money with a ten-foot-pole.
We generally recommend gaming affiliates stick with these well known brands as much as possible. The last thing you want to do is spend time bringing in players, only to find out that they’re not getting paid in a timely manner, or that their payments are being chewed up by hidden fees.