Without question, online gambling, and the game of chance section of this industry, better known as iGaming, has exploded in popularity over the past five years. One of the reasons why this sector has blown up has been the adoption of a wide range of payment methods, with e-wallets and dedicated mobile transaction methods leading the charge. Of course, massive smartphone adoption has also played a dramatic part in the online gambling industry attaining the substantial foothold it currently has.
Apple saw the direction this business landscape was heading in before many, and in 2019, its store decided to allow gambling apps, but only native iOS ones. At that time, many of the pieces of dedicated software featured there were built in HTML5 and were masquerading as iOS apps. Today, high-end brands such as DraftKings and BetMGM are available for access through this digital store, where iPhone and iPad owners can get apps to quickly access these platforms. Foreign ones, meaning software from iGaming brands licensed in another country, are not available here, although social gaming offshoots of these are on hand at the Apple Store.
Thus, millions of Americans are now exposed to iGaming, and those running iOS-powered devices can use offshore sites as well, just without their apps installed, but through Safari. That has helped propel the global online casino domain to projected revenues of $56.8 billion by 2033, per Custom Market Insights. Below, we go into all the information one must be equipped with before transferring money to gaming operators using their phone, via credit cards, or digital payment systems like Apple Pay.
Risks and Red Flags to Watch For
There are loads of unlicensed, unregulated casinos on the Web. These are not recommended by experts, not because of the poor quality of the service they offer, but because in the case of a dispute, gamblers are at the mercy of their operators. They have no one to turn to, a third party who will objectively handle their complaint. That is the primary danger of using these hubs, which are alluring to many because they have deep game libraries and alluring promos.
A less dangerous option is accessing websites based in nations like Panama, Anjouan, and Curacao, which have lax regulators but ones that will react in situations where operators are trying to take advantage of users. These hubs, unlike the previously mentioned, are obligated to implement SSL encryption and adhere to set data handling policies, minimizing the risk of data breaches, which is still possible. Such sites are almost certain not to allow Apple Pay as a deposit/withdrawal pick, and they may impose excessive fees for card and bank transfer payouts, or have low daily max withdrawal caps.
How Apple Devices Enhance Payment Security
When Internet gambling got off the ground, there were only credit card casinos and ones also accepting bank transfers. At that time, in the mid-1990s, there were no digital payment methods. PayPal appeared on the scene at the tail end of the 1990s, and as the 2000s started, Skrill and Neteller appeared as gambling-centric payment transaction options.
These days, credit card payments remain one of the cornerstones of iGaming money transfers, even though cryptocurrencies are making headway and more and more gamblers prefer e-wallets. Still, these two transfer types cannot match the widespread acceptance of cards across platforms, and they are by far the most accessible choice for most. Who does not have a debit/credit card?
Apple users interested in testing their luck on games that produce random results benefit from using their device’s Wallet App, created by Apple itself. It is available for the iPad, Mac, and Apple Watch, and of course, all iPhones, and allows users to store and manage multiple credit/debit cards securely. It also has Touch ID or Face ID, Apple’s biometric authentication methods. These undoubtedly boost security considerably, with many believing that Face ID is more secure than its Touch counterpart, which uses fingerprint recognition.
It is vital to note that the Wallet App does not slow down transactions, and that Apple device users can still install digital wallets like PayPal or Skrill. They can also get the CashApp, from which they can buy Bitcoin and use that novel form of payment for gaming fun.
Something that has plagued gamblers for decades is banks banning gambling-related transactions. But now, if one chooses a credible operator, that is unlikely to happen, but everyone should be aware that fees may apply for deposits, which can range from 2–5% depending on the card’s issuer policies. Also, something that must get highlighted is that if one chooses to use offshore sites, depositing using a card method may be available. Still, an alternative one, like bank transfers, e-wallets, or cryptocurrency, must be chosen for withdrawals.
Tips for Safe Casino Transactions on iOS
Only use credible platforms licensed by a reputable body, with sizeable positive user feedback online. Set a strong account password and enable 2FA instantly after registration at a chosen site. Ensure that payment records and login data are reviewed regularly for suspicious activity, avoid gambling when using public Wi-Fi, and opt for virtual cards through services like Privacy or Apple Card’s Advanced Fraud Protection.
It is also wise to avoid brands advertising too-good-to-be-true bonuses, and always be sure to check that a casino site displays a padlock icon in a browser’s address bar.
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