Even though the Japanese gambling sector is unique because many games are prohibited, there is still a great interest in gambling in the country. The Japanese gambling law allows residents to bet on some sports, but the majority of casual casino games are illegal there. However, there are still some slot machines that can be played legally, but instead of money, players are rewarded with tokens. They can later transform these tokens into real money.
Since casinos are not allowed on Japanese soil, online gambling is very popular in the country. You can play your favorite casino games in Japan by playing with offshore operators. As Japanese players have a chance to gamble online there are various payment methods to meet players’ needs. In case you live in Japan, you can try some of the fastest payout casinos 出金が早いカジノ, which you can check out before you start playing online. Let’s see which are the most popular payment methods among Japanese players.
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The Most Popular Casino Payment Methods in Japan
Here are some of the most common payment methods, as well as brief descriptions of each:
- Credit and Debit cards
- Neteller or Skrill
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As cryptocurrencies are growing rapidly in popularity today, understandably, online casino platforms allow some of them as a payment method choice. This type of payment is preferred by Japanese gamblers, as they can be certain their money will be safe. However, it is important to check if your chosen casino has this payment option before registering because not all casino operators accept cryptocurrencies. This type of currency is virtual or digital, so it can not be hacked or tracked. That means that players are fully secured with this type of payment, and they can stay anonymous when playing.
However, players should remember that there is a constant instability that surrounds cryptocurrencies, and their winnings would depend on the casino stakes and crypto market fluctuations. Bitcoin, Litecoin, and Monero are the most popular cryptocurrencies used for online gambling. As Bitcoin is the most popular, that currency is not fast like Litecoin. It only takes two and a half minutes for a Litecoin transaction, and a Bitcoin transaction will take up to 10 minutes to be transacted. Anyway, the Monero currency is the safest one, as its identity is fully secret.
Credit and Debit Cards
Credit and debit cards might look the same, but they differ quite a lot. They both have the 16-digit card number as well as the expiration date and EMV chip. A credit card allows you to borrow money with a credit limit, while a debit card lets you withdraw money from your savings account.
Both methods are reliable, as your payments are directly connected to your bank account. Since casinos pay directly into your account, it is the most popular payment method. However, before using one of these cards, it is important to learn what fees are associated with them since some cards attract high fees both for casinos and players.
Almost all casinos in Japan offer this payment method, as PayPal is the largest eWallet worldwide, with over 200 million users. It is an essential payment method as many customers prefer it because it provides maximum security. Moreover, PayPal also offers its clients total anonymity and security. Due to this, this method is the most popular among Japanese players who want to keep their gambling activities on the low.
Neteller or Skrill
Neteller and Skrill are also eWallets similar to PayPal, and at first, they used to be an alternative for it. Both the methods offer similar services today. If you are having difficulties sharing your bank info, you can rely on Neteller as it acts as a wallet that stores your money until you need to make a deposit. You can also use Skrill for any betting activity, as it works similarly and doesn’t require many details about your payment.
Alternative Payment Methods in Japan
Some players in Japan prefer alternative payment methods, and here are some of them:
- Venus Point
EcoPayz was founded in 2000 and is based in the United Kingdom. To use this banking option, all you have to do is set up an account at ecoPayz, which is free. This eWallet offers support to Chinese and Japanese as well. Using this payment method to deposit at casinos is free and instant.
iWallet is available at many Asian casinos, but this payment method is mostly used in Japan. It is based in Hong Kong, and it allows gamblers to deposit and withdraw their money for free. It works like any eWallet and it is free to sign up.
This type of payment method is very popular in Japan, and it is available at various online casinos. Players can also deposit and withdraw their money, all they have to do is create an account. Venus Point is another electronic wallet accepted in Japan.
In spite of the fact that land-based casinos are illegal in Japan, many Japanized citizens enjoy the benefits of online casinos. Luckily, the whole online gambling experience is made convenient and safe today with multiple payment methods available. There are many secure and free payment methods, so make sure to pick the one that suits you and head on to your bettings.