Ways Online Payments Improved Online Gambling

Featuredimage Ways Online Payments Improved Online Gambling - Ways Online Payments Improved Online Gambling

Online gambling has been making tremendous strides throughout the years in terms of attracting people and expanding their reach. In Australia, online gambling operations are based overseas and are then offered to Aussies.

Based on our research, we’ve found out that online payment plays a vital role in online gambling these days. That is more than just because online gambling is done online meaning you have to transfer your money to an online platform. It is more than just that.

Post Image Ways Online Payments Improved Online Gambling Customer Loyalty - Ways Online Payments Improved Online Gambling

It Improved Customer Loyalty

Online gambling websites these days are investing more money in data and user security. They are willing to put up online security protocols to make sure their customers don’t have to worry about the possibilities of their money being stolen or accessed by others for personal gain.

With that, more people are keen to stick to one particular online casino website. Here in Australia, Playamo is one of the most trusted online casinos. Their security and verification protocols are top-notch.

On top of all of that, they give out a lot of free coins, discounts and promos to regular customers. Just check out this link to learn more about Playamo https://playamo-mobile.com/free-spins.

Post Image Ways Online Payments Improved Online Gambling Real Time Transactions - Ways Online Payments Improved Online Gambling

Real-Time Transactions

In casinos, all you have to do is pay money in exchange for gambling chips so you can play. Well, in the past, you had to wait a couple of hours or even days before the money you transferred to your online casino account would reflect.

That is no longer the case. We are talking about real-time transactions where transferring money is as easy as sending an email. If you want to gamble right now, you can do so, given that you have some cash you can access through online banking. Think about how simple online gambling has become.

Some people can even start online gambling without spending money at all. Most online casinos today offer free coins upon sign-up. Think of it as a welcome gift. Real-time transactions are also important to online gamblers as it gives them more peace of mind to monitor where their money is going.

This also applies to transfer your winnings to your bank accounts. If you want to withdraw your winnings, you can do so with a few clicks.

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The Influence of Online Gambling on the Economy

Featuredimage The Influence of Online Gambling on the Economy - The Influence of Online Gambling on the Economy

Online gambling is not all bad. This industry is bringing in a lot of money to economies including here in Australia, especially now that most casinos in the country are closed due to the Covid-19 pandemic.

Some casinos are being strategic about this and are integrating their services online. Back in April, it was decided to close Australia’s borders for at least three months to manage the virus. That don’t matter much for online casinos since all of them in Australia are based overseas.

Here is how online gambling is influencing the global economy today.

Post Image The Influence of Online Gambling on the Economy Billions of Dollars in Value - The Influence of Online Gambling on the Economy

Billions of Dollars in Value

Back in 2019, the global online gambling market was valued at a whopping USD 53 billion. In 2020, that is expected to reach USD 59 billion. Online gambling is becoming a viable business for so many entrepreneurs across the globe.

People are seeing a lot of value in it as long as they comply with the given rules and provide robust data privacy laws.

Thousands of online casino workers all over the globe are still employed despite the pandemic. Online casino operators are ramping up their operation to better serve more people. For example, Playamo available in Australia remained in operation despite the lockdown restrictions across the globe.

They invested greatly in technology and allowed their workers to work at home. They made use of cloud-based technology and programs to communicate and collaborate. Just check out the Playamo review page to see what their customers are saying about them.

Keeping Jobs

Online casinos retained their employees, at least most of them. Employees were educated more on online payment and other transactions by using different programs or platforms like Stripe or Due.

There is also an online live casino with real-time gambling experience. More and more people are turning to online casinos and there is a need to hire more people.

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Top 3 Online Payment Solutions Across the Globe

Featuredimage Top 3 Online Payment Solutions Across the Globe - Top 3 Online Payment Solutions Across the Globe

Online payment solutions paved the way for people to do business more quickly and automated with other people across the globe. Right now, one individual from Australia can purchase a product from another country in only a couple of minutes.

There are dozens of online payment platforms and/or applications active right now. Through our own internal and external surveys across our readers from all over the globe, we’ve listed down our top 3 online payment solutions. Now, we want to share everything with all of you.

Post Image Top 3 Online Payment Solutions Across the Globe Stripe - Top 3 Online Payment Solutions Across the Globe

Stripe

There was a time when Stripe was on top, but it is still impressive how this platform remained one of the top online payment providers despite the fierce competition. Stripe is mostly known for its agile and efficient API.

Stripe allows you to create or design your account dashboard based on your preference and specific needs. Many people are saying Stripe is kind of like the WordPress of online payment.

There are hundreds of applications you can integrate for particular and targeted functions you want. You also get a lot more including a smart payment page, custom UI toolkit, in-person payments, open-source plug-ins and more.

Post Image Top 3 Online Payment Solutions Across the Globe Payoneer - Top 3 Online Payment Solutions Across the Globe

Payoneer

Some people might disagree with this one, but we will stick to it. Payoneer has made great developments in improving its user experience interface making it a user-friendly platform.

Payoneer is one of the oldest global payment providers and is accessible to over 200 countries and operates with more than 150 different currencies.

Payoneer’s main selling point is that businesses can grow their operation and their API will mirror that. It is truly one of the most flexible online payment solutions today.

Post Image Top 3 Online Payment Solutions Across the Globe Due - Top 3 Online Payment Solutions Across the Globe

Due

Due was founded back in 2015 but has already taken the lead in this competition. Their security measures are truly one of the most robust frameworks we have ever seen. It features PCI compliance, encrypted transactions, alert tools, fraud monitoring and more.

This platform became big at first for freelancers and small businesses across the globe. Due also operates with an e-Bank, where you can store your money online and use it at your disposal at any time.

There aren’t many ground-breaking developments here. But, Due focused more on reliability and security to protect and serve millions of people.

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The Biggest Finance Trends to Look Out For

Featuredimage The Biggest Finance Trends to Look Out For - The Biggest Finance Trends to Look Out For

Because of the Covid-19 pandemic, the global finance industry shifted its position and is being positioned for recovery when the pandemic is behind us all. Initially, 2020 was predicted to be a big year for financial tech to make great strides, it still is.

It is important to be informed about the biggest trends in the finance industry despite the pandemic. So, here they are.

Artificial Intelligence and Automation

If you think about it, finance and accounting services are automated. We are talking about banking, payroll, audit and even more technical accounting consultation. One good example of this is online payments.

Everything is automated and people can purchase all the goods they want using their devices. One important reminder here is that manual finance and accounting services are not obsolete, and they never will be, for example with banking.

Post Image The Biggest Finance Trends to Look Out For Artificial Intelligence - The Biggest Finance Trends to Look Out For

Believe it or not, there have been reports suggesting in a couple of years, we will no longer need traditional banks and they’ll be established online.

In finance, there is still a big need for human roles. AI and automation improvements in the future will focus on accuracy, real-time speed and scope. We are talking about another level of real-time transactions wherein people have full control.

Recession and Recovery

Many experts don’t want to say it, but the world is experiencing a global economic recession right now. Nobody expected the magnitude of the COVID-19 economic impacts so most countries were not prepared.

We are talking about millions of businesses shutting down for good and millions of people losing their jobs.

Travel and leisure lost billions of dollars globally. There is still a minimal sigh of recovery for this industry. On the bright side, several nations are starting to manage the COVID-19 pandemic in their respective region and people are bouncing back.

For example, New Zealand was able to contain the virus and minimise deaths. The country as of writing this article is Covid-19 free.

Australia is doing the same, there are many signs of significant recoveries for the economy with some businesses being able to open again. Australia is well on its way to an economic recovery hoping there won’t be any sudden surge.

Customer Experience and more Human-Centric Decisions

Financial organisations are looking to improve the customer experience for consumers. This is not just about hiring more customer support specialists. We are talking about making life a lot easier for consumers or customers through technological advancements. We might have covered AI and automation earlier, but it is more than just that.

This will include a lot of surveys to be distributed to consumers on their insights of aspects in need of improvement.

Check out our latest blog entry about Australia’s finance trends.

Newsworthy Finance Trends in Australia to Monitor Throughout 2020

Featuredimage Newsworthy Finance Trends in Australia to Monitor Throughout 2020 - Newsworthy Finance Trends in Australia to Monitor Throughout 2020

2019 was a roller coaster ride for the finance industry with lots of new developments as well as issues for Australia. We are now halfway through 2020 and there is still so much to discuss in the world of finance.

Here are the top newsworthy finance trends we think needs to be navigated by professionals and consumers throughout the remainder of 2020.

Post Image Newsworthy Finance Trends in Australia to Monitor Throughout 2020 RBA Cash Rate - Newsworthy Finance Trends in Australia to Monitor Throughout 2020

RBA’s Cash Rate

2019 ended with a great note in terms of cash rate for Australians. Since October 2019, the cash rate went down to 0.75% and remained that way until March 2020 when it got even lower. This is primarily a good thing for millions of households, especially those with a mortgage.

However, Covid-19 struck and the castrate got even lower to mitigate the impacts of the pandemic. As of June 3, 2020, the cash rate remains at .25% for the last 3 months.

Post Image Newsworthy Finance Trends in Australia to Monitor Throughout 2020 Housing Prices - Newsworthy Finance Trends in Australia to Monitor Throughout 2020

Housing Prices to rise

The RBA cash rate decrease since 2019 has been an amazing thing for millions of Australians. However, due to the impacts of Covid-19, the real estate industry lost billions of dollars and are looking to bounce back.

This will result in an exponential increase in house prices that is not a good thing for homebuyers. There have been several reports that house prices in Australia are starting to decline and offer more value in the future.

However, again, because of Covid-19, the entire industry, not only in Australia, was disrupted. Real estate firms had to cope with the shocks through online open houses and transactions.

The real estate industry is sure to have a big impact on Australia’s economy as it positions itself for a recovery in late 2020.

One market in Australia is booming throughout this pandemic, online payment transactions.

Benefits of Leveraging Online Payment Methods or Platforms

Featuredimage Benefits of Leveraging Online Payment Methods or Platforms - Benefits of Leveraging Online Payment Methods or Platforms

Online payment methods allow people, most consumers to settle their fees or bills online using a device. This is a great leap forward on how people do business and has been an emerging trend for several years.

Here are the benefits of leveraging online payment methods or platforms.

Post Image Benefits of Leveraging Online Payment Methods or Platforms Convenience - Benefits of Leveraging Online Payment Methods or Platforms

Convenience for Consumers

Instead of going to a bank or a payment centre, consumers only need to access certain websites or download certain applications to pay. This is more than just convenience but automation as well.

Consumers are also able to track their records instead of keeping printed receipts. Online payments also provide great incentives for customer reliability.

Low Labour Costs

Online payment also helped thousands of businesses and companies around the globe save millions of dollars in labour costs. Online payment is automated meaning there is no human intervention or human actions required.

In the past, people invested a lot of money for workers to manage and process manual payment methods such as money order, cheque and EFTPOS.

Post Image Benefits of Leveraging Online Payment Methods or Platforms Real Time - Benefits of Leveraging Online Payment Methods or Platforms

Real-Time Transaction Speed

This one is connected to Convenience for Consumers. Through online payment, feedback and information are quickly provided to sellers and consumers. They give people real-time access to their transactions whether they are receiving or paying for it.

For example, you forgot to pay your monthly credit bill and if unavailable to pay it before or on the due date, you will be fined. You can just simply pay your bill online within minutes and that transaction will quickly reflect on your account.

Post Image Benefits of Leveraging Online Payment Methods or Platforms Identity Security - Benefits of Leveraging Online Payment Methods or Platforms

Identity Security and Data Privacy

One of the biggest concerns with online payment is the possibilities of money being stolen online. There have been many reports of this type of theft and people are adapting to it. They are not just adapting actually but are going beyond. This also goes for battling identity theft.

Data privacy laws and protocols are being improved regularly to better protect online transactions of any kind, especially with finance and communication.

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