How Gambling companies can get more users to deposit.

[fiulpro]

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?

[1715385252]

1715385252

[1715385252]

1715385252

[Oshosondy]

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?

From the link, I saw these useful information that will point more to the question you asked:

Choice matters. Bettors expect a wide range of options for making deposits and withdrawals. Some of the options bettors want aren’t even available in the US today.

Experience is everything. Slow deposits and withdrawals are hurting the player experience. The research indicated that the withdrawal process was 10% more painful than depositing. This is probably not surprising given the checks and balances that go into the withdrawal process. However, the research showed that with minor improvements, this process can be sped up significantly. The biggest issue for players was the length of withdrawal time.

Information privacy. This is an area where the difference between frequent and casual really stood out. Casual bettors in particular were wary of sharing additional financial information to sign up. There’s an expectation around privacy and anonymity, to protect personal information.

Preferences. Different bettors have different preferences, particularly frequent vs casual bettors. There is a need for operators to meet the expectations of both early adopters and casual bettors as the industry matures. It’s imperative for operators to retain players they work hard to attract to the site, given the incredible cost of acquisition per player operators spend. Many operators in the US are finding current acquisition costs unsustainable, $1,000+ per player.

About choice, cryptocurrency can be of importance because it is easy and faster to deposit and withdraw with bitcoin, tether or any other cryptocurrency.

What I experienced was slow withdrawal. When I was using fiat to gamble, I use bet365, which I think is not a US company, on the site, deposit is within few seconds but withdrawal takes 7 days or more for wire transfer or so, the only withdrawal option for me.

About privacy, I always think that gambling sites which are centralized will still not have any option than to request for KYC as they are becoming common and known to the government of the country that they are.

[Reid]

A wide range of payment options is always important to any business that relies on money spending. It's the same with online stores and food delivery companies. They must have the variety of options to pay as sometimes there will be a problem with one so they must have an alternative.
Last month I experienced this kind of problem in a MMO game where I am trying to buy something using my debit card but it won't be accepted by their system even when I tried 10 times.
I tried another card which belongs to my wife and it all went smoothly.
A player/gambler must always have his option to pick not just for their privacy but also for convenience.

[goldkingcoiner]

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?

It would make sense that the freedom of having more options where their money goes does seem to give people a certain reassurance that their money will not be stuck in some endless loop of broken systems and maintenance on said broken systems.

But that does really make you question the very point of having a crypto gambling casino in the first place. And furthermore with more choices for withdrawal and or deposits, the casinos have more regulations that they have to watch out for. Especially since it moves away from crypto towards fiat. (Which is a step backwards if you ask me)

People need the feeling of reassurance. I wonder if that can be achieved some other way.

[Agbe]

How Gambling companies can get more uses to deposit.

First of all please, is it uses or users? I read the topic for more than 3 times before I understand the subject. Then coming to the content of the article. As for me it is very bad for the company not to reorganize new signed up users in the site until they made a deposit. That is bad. Although it might be good for some people with their personal reasons. As for me. As a system they have to reorganize all registered users both active and inactive. With that they would sort out the once that are active that are causing the traffic on the site, then the once that are not active, then encourage them to participate in their games, because as a casino the total number of users needed are unlimited. Because it is a business firm. Like I am not participating in some of the gambling sites I registered but they still reorganize me as their customer and they send me messages to participate. There was casino company that even sent me $1 bonus to participate and I did and won $4.

[avikz]

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.

[Boristhecat]

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.

[Slow death]

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

[fzkto]

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.

[uneng]

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.

[Rruchi man]

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.

[Fortify]

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.

[lionheart78]

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.

[karabiber]

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.

[jossiel]

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.

[dunfida]

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.

[Hydrogen]

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.

[AmoreJaz]

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.

[alegotardo]

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.

[Oilacris]

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.