How Gambling companies can get more users to deposit. - page 15.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

I somewhat agree since having several payment options to take in deposits makes it easier for a lot of gamblers since there are gamblers that are only limited to certain options.

And avikz is on point with the promotions, it's one of the main factors that encourage a lot of gamblers to continue gambling.

Quote from: cabron on July 13, 2022, 07:13:57 PM

Withdrawal fees matter for BTC users, this I think why more are uwing sportsbet not just for ease of use and this includes privacy also.

The same thing goes for minimum withdrawals and deposits as casinos have their own preferred minimums.

CryptopreneurBrainboss

legendary

Activity: 2478

Merit: 4341

eXch.cx - Automatic crypto Swap Exchange.

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

Just as others have mentioned, they're quite on point with this findings. Online casinos that has limited withdrawal options are likely not to interest potential clients. Imagine betting on an online casino that doesn't have crypto withdrawal options. Well among the points you listed, I think the expensive in general is what can drive up the interest of gamblers on any platforms. Just as we shared which platforms are the best on the forum, same goesnfor other gambling forums and social media in general.

When a project invest heavily on giving her customer the best user experience on their platform, they get indirect advertisment from this customer as they're likely to spread the word about the platform to others. Privacy is only serious to very few gamblers, many gamblers are willing to complete KYC procedure to get access to their wins.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Withdrawal fees matter for BTC users, this I think why more are uwing sportsbet not just for ease of use and this includes privacy also.

The competion had made the casinos go so far to survey even what made users deposit because of the withdrawal options. Such a rare survey.

coupable

hero member

Activity: 2338

Merit: 757

Top-tier crypto casino and sportsbook

Quote from: aioc on July 13, 2022, 06:42:13 PM

This is probably the most important option, even though we understand that the house edge will always win and we will play to have fun, players are still hoping to win and they expect to get their withdrawals the soonest as possible with a lot of options to withdraw their earnings.
This is where we divide the line between scams and reputable casinos, reputable casinos make it easy for their players to withdraw their winning, when they want and how they want, compared to scam casinos, where they will delay it and check for loopholes on your activity.

Users generally focus on how they can withdraw their money. Most of them ignore deposits due to their smoothness in all sites, even the scam ones.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

This is probably the most important option, even though we understand that the house edge will always win and we will play to have fun, players are still hoping to win and they expect to get their withdrawals the soonest as possible with a lot of options to withdraw their earnings.
This is where we divide the line between scams and reputable casinos, reputable casinos make it easy for their players to withdraw their winning, when they want and how they want, compared to scam casinos, where they will delay it and check for loopholes on your activity.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: alegotardo on July 13, 2022, 06:17:47 PM

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

I believe that the biggest concern of players when betting on an online gambling site is the ease or bureaucracy they will have to face in order to withdraw their winnings.
So, this diversification is very important and beneficial for both the user and the site.
I don't remember when was the last time I cashed out, I usually spend everything, even what I win, making new bets.
But I would give priority to sites that don't require KYC to withdraw and have multiple withdrawal options for when I need it.

Im also having this kind of behavior on which whenever i do make out deposits then i do tend to make use all of those balance and if ever i do win big or small then those amounts would be still be

spent back into the casino yet i've been playing for the sake of entertainment or enjoyment but well we are different when it comes to approach and impression towards site.
Ease of deposits and withdrawals will be one of the things where people would be minding on on where they cant really experience any hassle and headache on doing that.
On the time that they are able to have good experience then that will surely hook up and make them stay.

alegotardo

legendary

Activity: 2352

Merit: 1121

☢️ alegotardo™️

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

I believe that the biggest concern of players when betting on an online gambling site is the ease or bureaucracy they will have to face in order to withdraw their winnings.
So, this diversification is very important and beneficial for both the user and the site.
I don't remember when was the last time I cashed out, I usually spend everything, even what I win, making new bets.
But I would give priority to sites that don't require KYC to withdraw and have multiple withdrawal options for when I need it.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: dunfida on July 13, 2022, 05:50:59 PM

Quote from: karabiber on July 13, 2022, 04:05:27 PM

Having more than one option is always an advantage. Today, not everyone depends on one thing, there are various payment and withdrawal methods available. If you want to increase traffic, you have to increase options. People should feel safe. I think the issue of confidentiality is very important. Knowing you're not being watched means more money. Crypto could be the solution to privacy.

Having that versatility in terms of deposits/withdrawal or simply with payment options is much more recommendable and suggestable for any businesses or platforms that do make out some business on this space.

The more option you do offer the more chances or ways or paths that someone could make engagement without the hassle on finding or sticking for a single option for someone to take.
Other factors would really be talking mainly about privacy which majority of crypto people is really be preferring into because if you have not having this then dont expect
for your business to flourish out.

many gamblers are going into crypto casinos for the idea of playing anonymously. aside from those payment methods, a lot of players just want to play without disclosing any of their vital info. but if you are a high roller, i don't think you will expect that from a casino, more then likely they will ask your kyc detais. but if you are a small roller, crypto casinos are the best ways to gamble unless you will be using your credit/debit card, as they will have your details without a doubt.

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quality sportsbooks like 5dimes used to offer bitcoin withdrawal as a standard option.

I think it was a popular option as gamblers could see their transaction verifying on the blockchain usually within a few hours after making a withdrawal request.

For whatever reason, many sportsbooks no longer offer bitcoin withdrawals. Even if they do not support bitcoin, they could still use a stablecoin pegged to the dollar as a withdrawal option, which could be relatively stable.

With inflation and economic downtrend becoming concerns. Some form of crypto pegged to gold and precious metals could also be a good format. If there is anyone in the world who holds enough gold or silver to back the crypto tokens they mint with precious metals to satisfy requirements of intrinsic value.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: karabiber on July 13, 2022, 04:05:27 PM

Having more than one option is always an advantage. Today, not everyone depends on one thing, there are various payment and withdrawal methods available. If you want to increase traffic, you have to increase options. People should feel safe. I think the issue of confidentiality is very important. Knowing you're not being watched means more money. Crypto could be the solution to privacy.

Having that versatility in terms of deposits/withdrawal or simply with payment options is much more recommendable and suggestable for any businesses or platforms that do make out some business on this space.

The more option you do offer the more chances or ways or paths that someone could make engagement without the hassle on finding or sticking for a single option for someone to take.
Other factors would really be talking mainly about privacy which majority of crypto people is really be preferring into because if you have not having this then dont expect
for your business to flourish out.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Having more options really will make someone try it or even stay on it if the process is always smooth for both withdrawals and deposits.

You're attracting every type of customer that likes those payment methods and not only into those fiat payment processes but also in crypto. But having too much is not that good too IMO unless there's no charge for using all of those.

Also, if they've got their money from any of the option and that's making things easier because they can deposit immediately.

karabiber

hero member

Activity: 1554

Merit: 762

Having more than one option is always an advantage. Today, not everyone depends on one thing, there are various payment and withdrawal methods available. If you want to increase traffic, you have to increase options. People should feel safe. I think the issue of confidentiality is very important. Knowing you're not being watched means more money. Crypto could be the solution to privacy.

lionheart78

legendary

Activity: 2982

Merit: 1153

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

The option to have more choices to withdraw is very important to me. This will save me the trouble of creating an account on a platform just to be able to withdraw my funds. It gives convenience that I don't have to worry about the process of getting my funds out.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This post is based on the article published on the source: Source

The source explores how around 49% of the users would deposit more money based on better withdrawal options. Apparently, the survey conducted by US firms explored various areas that stands really important for people.

The key import things in there were :
1. Choice
2. Experience
3. Privacy
4. Preference

They explored a new idea where having a player, having a traffic doesn't necessarily mean that the site got a new player, they generally didn't account it for until and unless they have made a ' Deposit '

Which necessarily improved when the Gambling platforms had more withdrawal options, things Like: PayPal, Debit Card, Online Gambling, Cash app, Gift card etc. Having the freedom of having so many options improved the players willing to deposit money by almost 49%!!

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

One really useful piece of psychology that many casinos research and try to improve is reducing the amount of clicks it takes for a player to be able to place a bet. All the way through from depositing to placing an actual amount into play, if they can reduce any friction along the way it helps the player "get into the action" and potentially forget about slowing down. Ease of use, feeling confident that the bookmaker is secure in all aspects and that winning bets will be paid out promptly can also contribute greatly to the user feeling comfortable. Familiarity is another key one, people tend to stick with one casino or sportbook if they find it gives consistently good odds.

Rruchi man

legendary

Activity: 1498

Merit: 1116

Top-tier crypto casino and sportsbook

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

how important this option is for you?

Super important, that is the first thing to be considered, More withdrawal options sends the message that a gambling site is willing and committed to paying, should a user win. Users need and consider having options very important and would easily trust a site with multiple withdrawal options better than a site with just one or two withdrawal options. IMO, I think it is normal for a gambling company with more withdrawal option to have more users, considering that not all payment options work everywhere, and more payment options means you can accommodate users from different regions with different withdrawal systems.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

For me there are only two withdrawl methods that matter: cryptocurrency or direct, free and fast transaction to fiat account. No Paypal or similar services aren't an option for me, because they have abusive taxes in counterpart. But what will really encourage me to deposit are the promotions and benefits the platform offer to customers.

An interesting feature I've seen at a local popular online fiat casino that could be adopted by crypto casinos as well, is to reward gamblers with free spins at slots machine every new level they reach with their accounts. It's similar to VIP program, but with more levels, so the more you bet, more levels you increase and more free spins you collect.

fzkto

sr. member

Activity: 2282

Merit: 439

Cashback 15%

It seems to me that psychologically anyone is greedy. So whenever there is something free, or even small bonuses, there are always a lot of people who want to take advantage of freebies. That's why almost all betting sites or online casinos offer freebets or deposit bonuses. I think this is the best marketing to attract new users. And what currency a gambler uses probably doesn't matter when there is a wide choice of currencies and it's easy to convert.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

I prefer to use cryptocurrencies as a deposit method because it makes it much easier to withdraw money and I can also earn more when the price of cryptocurrency goes up a lot. using a bank account would be a big headache for me because the bank would be constantly making me wonder whenever money came into the account from the casino. But we also have to look at another big disadvantage that when the casino only accepts cryptocurrencies as a deposit it will hardly be able to find the owners of the casino if one day they disappear with all people's money, while if the casino accepts bank deposits then it will be easy to trace the owner of the casino if one day he runs off with people's money

Boristhecat

hero member

Activity: 756

Merit: 629

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This post is based on the article published on the source: Source

The source explores how around 49% of the users would deposit more money based on better withdrawal options. Apparently, the survey conducted by US firms explored various areas that stands really important for people.

The key import things in there were :
1. Choice
2. Experience
3. Privacy
4. Preference

They explored a new idea where having a player, having a traffic doesn't necessarily mean that the site got a new player, they generally didn't account it for until and unless they have made a ' Deposit '

Which necessarily improved when the Gambling platforms had more withdrawal options, things Like: PayPal, Debit Card, Online Gambling, Cash app, Gift card etc. Having the freedom of having so many options improved the players willing to deposit money by almost 49%!!

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

On the one hand, flexible options for withdrawing funds are a plus (for obvious reasons), on the other hand, this may have disadvantages. For example, I am completely satisfied with one option - cryptocurrencies. If I see such options as PayPal, bank transfer and so on, then I am 100% sure that this casino will have a tougher KYC (which I am not completely satisfied with). Everything is very simple here - if the casino has so many options and does not have a hard KYC, then a lot of abusers will appear who will use the platform as a mixer for laundering dirty money. Therefore, we see another confirmation of the fact that the pluses inevitably entail certain minuses.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

The key import things in there were :
1. Choice
2. Experience
3. Privacy
4. Preference

These are important but you have missing couple of other parameters which are very very important for the sustainability of an online casino,

1. Trust
2. Promo offers on deposits

A lot of crypto gambling people takes these two parameters as paramount while choosing a new crypto casino for themselves. Trust is very impactful parameter among all others because scams are rampant and anything can happen in an online environment without any regulatory body.

Topic: How Gambling companies can get more users to deposit. - page 15. (Read 3817 times)