Technology has come so far in the past few decades. Earlier, people had to walk to a bank carrying a large sum or withdrawing a large amount of money. In addition, there was a lot of paperwork they had to complete.
It was all very inconvenient, not to mention how unsafe it was to walk the streets while carrying so much cash with you. But now that technology has developed, everything has become more convenient and straightforward.
Now, it is possible to do mobile banking on your phone while sitting inside your house. This is possible because of e-wallets. The world has quickly become used to transactions made by e-wallets, and the casino industry in Malaysia is not out of this either. Now, using slot E-Wallet, it is possible to win free credits in casinos. In this article, that is exactly what we will talk about.
What is an E-wallet?
An E-wallet, or electronic wallet, is a type of digital wallet. To be more precise, it is a card that is used as a digital wallet. They are the same as a regular wallet in that you get to store your money in them, except that the wallet and the money it stores are entirely virtual. Transactions with it can be carried out virtually as well.
The E-Wallet has the same function as a credit or debit card. It needs to be linked to an individual’s bank account to be used. The account has to be prepaid, and the individual can store their money for future transactions. The transactions will always be carried out online through a computer, smartphone, or another device like that.
How is an E-Wallet used in casinos?
The casino industry never lags. It is always up to the latest trends, adapting quickly to the ever-changing world. Hence, it is no surprise that, over the past decade, casinos worldwide have started to include E-wallets as an option for transactions. This consists of both physical casinos and online casinos. But the impact of it is, of course, more evident in online casinos.
A casino is a place for gambling, so there is, of course, the money involved. However, when online casinos first came into being, depositing money and withdrawing it later was quite a hassle, especially in countries where casinos are illegal and people play secretly. Usually, players had to rely on a third party to carry out all the transactions, and it wasn’t an easy thing to do.
Now, however, things have become quite easy thanks to E-wallets. All transactions can be carried out online. For example, players can deposit money to the casino through their E-Wallet when playing in an online casino from their home. They can also use their e-wallets when they win money and want to withdraw it.
Most casinos have kept the original method of physical transaction with the help of the local bank for the older people and included the E-Wallet as an alternative option for the more modern people. But there are also a lot of casinos that run purely on online transactions. So the future is evident. There will come a day when all casinos will run on E-wallets. And rightfully so, because of how convenient they are.
E-wallets in Malaysia
E-wallets first became popular in developed countries at the beginning of the 21st century. However, Malaysia joined the trend a little late. The Malaysian government introduced the E-wallet only a few years back as a strategy to boost their economic growth. After the economic depression they faced due to the COVID-19 pandemic, this was a significant step on their part.
In the beginning, many Malaysians were reluctant to use this newly introduced transaction method. Many also did not trust it. That’s why the government started encouraging Malaysian citizens to switch to e-wallets by providing free credits to citizens who have signed up for local e-wallets and meet specific requirements.
Nowadays, many online casinos are providing free credits to encourage more people to use the e-wallet transaction system, especially those who register with an e-wallet. This is because online banking is both an easier and faster way of money transactions. So Malaysians who use certain e-wallets can get more free credits from some online casinos in Malaysia.
E-Wallet free credits on online slot games in Malaysia
It was only a matter of time before the casino industry of Malaysia adopted E-wallets as a part of their transaction method as well. In the same way, a lot of casino players were unwilling to use it in the beginning. That’s why to encourage more players to use the E-wallets, casinos also started offering free credits, just in a different way from the government.
These casinos will give you a voucher upon transaction above a certain limit payment by a certain e-wallet. Then you’ll get a discount as well. For example, some Malaysian casinos offer bonuses and promotions for Neteller transactions. Any good online casinos now support several local and international e-wallets to ensure contactless and safe transactions.
Most players prefer E-wallets over traditional physical transaction methods because they are safer and quicker, and there is less hassle in depositing and withdrawing money using them. Because of this kind of convenience, more and more players are now looking for casinos with e-wallets listed as one of their transaction options.
Slot games are the most popular in any casino, regardless of whether it is a physical or an online casino. That’s why most of the free credits offered for using a slot E-Wallet are placed on slot games. These free credits are mainly given after the player links their online casino account to their bank account by using the slot E-Wallet, but sometimes they are also given after the player carries out a transaction using the E-Wallet.
These free credits may come in the form of a welcome bonus, which includes 100% or even 200% cashback. Or, instead of a cashback, it could be free spins instead. And free spins are crucial bonuses for slot games.
Using an E-wallet for playing online slot games in Malaysia will benefit you in multiple ways. So if you don’t have one yet, you should get it as soon as possible.Follow us: