Playing in casinos are fun and not a waste of time in any way. You get to enjoy a nice round of quality, competitive yet fast games. The joy is multiplied if it is a live casino. You get to enjoy the ambiance.
With that, the increasing immersive gaming experience that online casinos are bringing allows you to play games with your friends. By with, we mean you can see their avatar, text them in-game, taunt them, and everything.
You know it, as we know it, the fun gets really real, and you only get serious when there’s money involved. That is the reason online casinos are getting so popular in Malaysia.
However, confusion amongst us still persists. Is it secure to transfer money to the e-wallet? Will my bank receive the money if I cash out? Well, for that, we have dived in-depth about the online payment gateways like help2pay.
We look at each of the best payment service providers’ features, how it works, and how it secures your payments.
Online Payment Gateways
Let me first give you a brief idea of what a payment gateway is!
Suppose someone wants to borrow some money from you, but you do not know them, or maybe you do know them, but they are far away from you. So, what do you need in both circumstances? A middle person! If you do not know them, you need a known or reputed person to be the guarantor and ensure a safe exchange of money.
On the other hand, if you want to give your distant friend some money, you ask someone you know who lives close to them to lend the cash while ensuring to pay the money to the lender.
Payment gateways do precisely this. They provide a secure environment to exchange transaction information between parties while acting as the guarantor for both. A bank does not have the time to verify millions of online platforms. Instead, they partner with a gateway system. Many banks also happen to have their own gateways.
However, third parties tend to support more platforms and ever-improving facilities, like keeping money in their e-wallet for future transactions. Now, not all casino gamblers and online gateways are partners. So, we take a microscopic look at those who provide services to the top casinos.
5 Best Online Payment gateways for Online Casinos in Malaysia
Help2Pay
Help2Pay, founded in 2013, has risen to be a leading online payment gateway service provider in Southeast Asia. They have operations in Thailand, Indonesia, and Vietnam, alongside Malaysia.
The gateway supports each of these countries’ local currencies, i.e., Thai Baht (THB), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), and Vietnamese Dong (VND) with the US Dollars, of course.
Help2pay uses the e-wallet system to secure transactions. That is, online casinos do not need to collect your information. Instead, upon a client’s request, help2pay communicates with the client’s bank for verification.
If the information is correct, it collects the money and stores them in the site’s e-wallet in the client’s name. One more thing that Help2Pay checks for security purposes are that the wallet’s name on the online gambling site is precisely the same as on the bank account.
8 banks are currently partnered up with Help2pay in Malaysia. These are AmBank Group, CIMB Bank, Public Bank, Bank Islam Malaysia, Hong Leong Bank, RHB Bank, Bank Simpanan Nasional (BSN), and Maybank.
iPay88
The biggest reason you should trust iPay88 is that it is backed by the reputed giant NTT Data of Japan. In 2015, the leading IT company acquired iPay88. Since then, the online payment gateway service provider has made strides in functionalities, marketing and has even introduced its own knowledge-sharing platform, iPay88 Academy.
Through NTT Data, iPay88 has connections in 13 countries, including Malaysia, Japan, Thailand, India, Vietnam, Bangladesh, Singapore, Indonesia, Cambodia, and more. For security, iPay88 has a 3D-Secure layer for OTP verification and is compliant with PCI-DSS level 1. The online casino payment gateway is also equipped with an anti-fraud system, ZipSecure.
Neteller
Neteller has evolved into a global giant offering its services for more than a decade. It has operations in over 200 countries, and its yearly transactions go well above billions of dollars. There’s no reason to doubt Neteller as it is a publicly-traded company on the London Stock Exchange. Also, it is licensed by the FCA for issuing digital currency!
As for working with Neteller, there’s a small catch as opposed to Help2pay and iPay88 since you have to open an account with Neteller itself. Registration is free and pretty straightforward. Be assured that they have one of the most robust anti-fraud verification systems.
Skrill
Fun fact, both Neteller and Skrill are operated by the same company, Paysafe Financial Services Limited. Paysafe is also verified by the FCA to regulate money online so, Skrill is also as trustworthy as Neteller. Skrill uses SSL Secure Socket Layer (SSL) like every other best online payment gateways with 128-bit encryption. VeriSign, the pioneer, has verified Skrill.
Skrill started its service back in 2001 as a specialized gambling gateway, and now it even lends money to customers. Just like Neteller, you need to open an account with Skrill to use it.
EcoPayz
EcoPayz also offers e-wallet management like Neteller and Skrill, though it has not expanded as much as them. They charge varying fees according to your medium of transaction, i.e., card, bank, or WesternUnion.
Sending and receiving money through WesternUnion is free. EcoPayz stands different from others through offering cards with the e-wallet! EcoPayz uses 256-bit SSL encryption for the most secured layer of transactions and has a strict anti-fraud system in place.
Payment Gateways
Transaction through an e-wallet is more convenient than transferring money from the bank each time you run out of chips in the online casino amid competitive gambling. This way, you can also set boundaries and set aside your gambling money from the main account.
With the world-class security, each of these online payment gateways provides, rest assured, your details will remain safe and secret through them. Look for the likes of their logos, like that of Help2pay or others.
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Sign Up Bonus Deals, which are also known as Welcome Bonuses, can earn you thousands of MYR as long as the wagering requirements are met. That’s why if you sign up in a Top Online Casino, you’re also getting one of the best online casino bonuses the gambling industry has to offer. The most important thing to note when playing at top online casinos in Malaysia is that sign up bonuses are usually given to news players who have completed the registration process, made an account and made their first deposit.
The Loyalty Bonus is a bit different when compared to other online casino bonuses. These types of bonuses are given to loyal customers who have continuously kept playing at the same casino site for months or even years. Essentially these exclusive casino bonuses are used to reward players for gaining certain amount of points and moving up in the casinos standings from, for example, gold member to platinum member. Members also receive a diversity of exclusive bonuses depending on their membership status. Common Loyalty Bonuses are ‘free spins bonuses’ and ‘monthly match’ bonuses which are similar to many of the Welcome Bonuses that players first receive on signing up at a new casino.
Top online casinos in Malaysia want to retain their players, so they offer them a Deposit Bonus as a token of appreciation. When making a deposit of a certain size, the casino will reward you for doing so by giving you a percentage of the money, on top of your deposit. Many have dubbed this an online casino’s version of a discount because if you deposit RM100 and the casino gives you an extra 10% (of your RM100 deposit) on top of that. So all in all, you will end up with RM110 even though you only paid for the first RM100. It’s like a freebie for online gambling.
Sometimes you might want to test the waters a bit before committing yourself to a certain online casino. And luckily, nowadays you’ll also be able to find a number of No Deposit Casinos which offer no deposit bonuses! Players can get a No Deposit Bonus (also known as a Non-Deposit Bonus or Free Money Bonus) just by signing up at an online casino in Malaysia. As stated in its name, there’s no need to make a deposit. If you’re interested in this type of casino bonus, you should take the time to read the fine print as the online casino might issue high wagering requirements and limiting withdrawal limits that comes with the casino bonus. Hence, even though the No Deposit Bonus you’re looking at might seem appealing, you might be barking up the wrong tree especially if you can afford to make an initial deposit. This might actually earn you more winnings in the long run.
Free play bonuses are quite similar to no deposit casino bonuses. The only catch is: they won’t allow you to withdraw any of your winnings like you could with a No Deposit Bonus. The Free Play bonus is reserved for special offers and new casino games the casino would like to promote. The free play bonuses usually come with a time limit or a playing limit. This means you only have a certain amount of time to play or a certain amount of money to spend before the bonus runs out and you’ll need to deposit money to play further.
Free Spins Bonus is unique because they only apply to one kind of online casino games, and those are the online slot games. This bonus is usually given to players when there’s a slot tournament on and the casino wants to drive interest in the game being played. They would offer patrons the chance to play the game, have a few free spins on the reels, and see what the game is like. Before you accept a free spins bonus, you will have to read the fine print as some are only applicable for a certain amount of spins or a certain amount of time and others may not include any money.
As the name implies, the Refer-a-Friend Bonus is given to a player once they send an invite to one of their friends. This online casino bonus is appealing to players due to the relatively easy mechanics. All you have to do is tell your friends, family or colleagues about the online casino and if they choose to sign up to the casino you’ve recommended and use you as a reference, you’ll receive a percentage of their first deposit. Nothing could be better or simpler.