Prepaid vouchers allow you to charge online accounts without sharing financial information. They have recently become extremely popular in the world of iGaming.
The first electronic payment actually dates back to 1871, when Western Union showcased its electronic fund transfer system in the United States. Since then, and with the advent of the commercial internet, digital payments have changed drastically. Prepaid vouchers are one of the easiest ways to transfer cash to digital funds, and have become popular in a range of applications. When it comes to online entertainment, they are a great way to provide gifts or boost your own account.
What are eVouchers?
EVouchers are the name given to prepaid cards that can be purchased from retailers for cash. They can then be redeemed through the use of a code for services or goods online. Originally, they became popular in the gaming sector, allowing people to provide cards for the PlayStation store and similar networks. They could then be redeemed for games and digital accessories.
Since then, the use of prepaid vouchers has grown exponentially. Not only do they allow people to provide gifts, but they can also let people pay for goods online without the use of a debit card or a bank card. Major retailers like Amazon, eBay, and Etsy now have prepaid options. Even furniture retailers Ikea and well-known coffee chains have specific options for their outlets.
Prepaid Vouchers in the iGaming Sector
In the iGaming sector, many providers have even begun to introduce their own branded voucher systems. Well-known iGaming provider Betway has recently launched its own Betway Voucher. These allow customers in South Africa to fund their accounts using prepaid vouchers. Available at retailers around the country, stockists include Spar, Vodapay, Pepcell, and Ackermans, amongst others. They allow people who do not have a bank account or a credit card to charge their accounts. This can then be used for betting and casino options.
Buying a Betway Voucher is simple and easy. They come in a range of denominations, ranging from R1 to a maximum amount of R5,000. It is then a case of purchasing it and entering the given code into the Betway account to see the balance transfer. This can then be used for betting on a range of markets with competitive odds. Alternatively, it can be used to access a full suite of online casino entertainment options. This ranges from slots to table games and even modern genres like crash gaming.
The Advantages of Using Vouchers
Vouchers have several major advantages. Firstly, they allow people who don’t have access to banking services to set up an account and use the service. This may be useful in remote areas that still have internet connectivity. People may also have limited access to a debit or credit card, even if they do have a bank account. This fosters a more positive environment of inclusivity.
It also makes it highly convenient. People who prefer to use cash for most of their transactions can buy them easily. Should people also prefer other payment methods that are not available, then eVouchers are a great alternative.
Players can also keep their financial information secure. They don’t have to hand over details, including bank account numbers and sensitive data. Buying a voucher means the payment also won’t show up on bank account statements.
It is also great for those making cross-border payments. If you can obtain a voucher in your chosen currency, then you can use it to charge the account you may be accessing from an offshore locale.
Disadvantages of Prepaid Vouchers
Prepaid cards do come with some disadvantages. The first is that they have limited acceptance. Not all retailers accept them, meaning your options may be slim. If you have specific vouchers for an online casino such as Betway Bucks, then you are beholden to this operator. Luckily, they are a safe, transparent company with plenty of choice, though others may not offer the same level of service.
One of their advantages is that you can manage them, and they are not a form of credit. They don’t enable you to overspend. This can also be a disadvantage. Responsible management of credit cards helps you build a credit rating, which is beneficial if you need a loan or mortgage. This is not the case with prepaid cards.
Prepaid cards also have restrictions. They are only available in a certain amount, which is capped, so you can’t use them for the biggest deposits. Cards can also be restricted geographically and may not work outside the jurisdiction in which you bought them. Check the terms and conditions for this.
Thus, you really have very little to lose with prepaid vouchers. They make it easy to purchase services and charge accounts with a range of providers, and in some instances, individual systems like Betway Bucks are a lifeline for those who don’t have banking access. Yet they also offer anonymity and safety, and are undoubtedly going to rise in popularity in a world of increasing digital theft and fraud.
