The Growth of eVouchers and Cash Payments in iGaming

In recent years, the world of online gaming has seen a dramatic transformation in how players fund their accounts and engage in their favourite games. Along with eWallets, there has been growing demand for payment methods such as eVouchers and cash payments.

These options give you more flexibility, especially if you don’t have access to a traditional bank account or want to play in different currencies and locations. They’re also a secure way to fund your iGaming account, as they’re not linked to a bank account and therefore your financial details are protected.

In this article, we’ll explore the growth of eVouchers and cash payments in the iGaming sector and the pros and cons of these payment options.

Understanding eVouchers and Cash Payments

eVouchers are available on many popular sites such as Dundle, Recharge and OffGamers. Players can purchase an eVoucher in different values and in their chosen currency, and use it to deposit funds in their iGaming eWallet or directly on a casino site. This is especially useful when your usual payment methods are not available on the site you want to play on.

When you buy an eVoucher you’ll receive a unique code or PIN, which you can then use to top up your iGaming account.

Cash payments, on the other hand, typically use prepaid card options which can be purchased and topped up in physical stores using cash. Many prepaid cards can also be bought online using other payment methods, providing even greater flexibility.

Benefits of Cash Payments and eVouchers in iGaming

1. Inclusivity: eVouchers and cash payments make it possible for individuals without access to traditional banking services to pay for digital services online like gaming.
2. Privacy and Security: Players can keep their financial information confidential while enjoying their favourite games.
3. Cross-Border Transactions: You can avoid the hassle of international banking fees and currency conversion charges, by topping up in the currency of your choice.
4. Convenience: If you typically use cash for other transactions, prepaid options make it easy to make purchases online without a bank account.
5. Flexibility: When your preferred payment method isn’t available, eVouchers or cash payments provide an alternative way to enjoy gaming.

eVouchers and Cash Payments for Withdrawals

Unfortunately, because of the nature of eVouchers and prepaid cards, it’s not possible to withdraw funds from your iGaming account using these methods. Instead you will need to use another payment option.

This is where an eWallet becomes particularly useful. eWallets, like MiFinity’s, allow you to both deposit and withdraw funds from your iGaming account with ease. Creating a dedicated iGaming eWallet helps you manage your finances more effectively, keeping them separate from your regular banking or household finances.

You can also use eVouchers and prepaid cards to deposit funds in your eWallet, and then use the eWallet to fund your iGaming activities. As eWallets are even more widely accepted by iGaming brands than prepaid cards and eVouchers, this means you’re not limited to gaming on only a few sites.

eVouchers and Cash Payments via MiFinity eWallet

The MiFinity eWallet accepts deposits via popular cash/prepaid options including Paysafecard and CashtoCode.

To deposit funds in your MiFinity eWallet using Paysafecard, purchase a code or top up your prepaid card first, then select this method when choosing the deposit option in your eWallet.

To use CashtoCode with your MiFinity eWallet, choose “CashtoCode” within the deposit section of the MiFinity eWallet or within the MiFinity iFrame. A unique paycode will be generated which you can then take to a physical retail location to have scanned and paid for in cash. The money will appear in your MiFinity eWallet instantly once it has been successfully scanned at the point of sale by the retailer.

You can also purchase a CashtoCode eVoucher (available from Dundle etc.) and use this to deposit funds in your MiFinity eWallet.