What Are the Best Payment Methods for Gambling for Filipinos?

Wazzup Pilipinas!?

Are you gambling online? Read our article for more details about the best payment methods for deposits and withdrawals at Filipino online casino sites.

Filipino people have become extremely passionate about online gambling. It is a flexible and entertaining activity available to everyone with a stable internet connection. The online gambling market within the country is becoming extremely competitive. Players can find hundreds of online casinos and thousands of different casino games.

People matter the most because of the quality and quantity of games and the fairness of bonuses. Yet, one of the things you need to get familiar with before opening an account is the available payment methods. They are not the same on each gambling site, and you may not be satisfied with the offer always.

On this page, we would like to make an analysis of the best payment methods for gambling in the Philippines. That way, you will know whether the payment method you typically use for everyday purchases is also available for gambling. Let’s go!

Bitcoin

Undoubtedly, cryptocurrencies have become the favorite payment method among Filipino gamblers. Logically, Bitcoin is the most preferred option and there are various reasons for that. First and foremost, cryptos ensure the complete safety of the transactions. Apart from that, all the crypto-based transactions are extremely quick and cheap. Ultimately, they ensure complete anonymity, which means you don’t have to expose all the private information (you would usually have to).

Still, there is one disadvantage regarding online casinos accepting Bitcoin (and other altcoins). Their number is still not that big! The online gambling market is slowly adapting to innovative financial solutions. That’s why finding the best Filipino crypto casinos may be challenging. On the other hand, many people are still unaware of the benefits they can get from crypto gambling. Because of that, we invite you to read explanations and analyses about Bitcoin casino sites in the Philippines and properly inform about everything before starting this journey.

 
E-Wallets

It doesn’t need to surprise us at all why e-wallets are at the top of this list. As we analyzed last year, Filipinos spend around 4.4 million hours using e-wallet apps. The same habit has become popular in the online gambling space. People appreciate the benefits they can get from using Skrill, Neteller, EcoPayz, PayPal and other e-wallets. These tools allow them to transfer their funds from and to their casino account relatively quickly. More precisely, all the deposits are instant, while withdrawals won’t last longer than 24 hours. Opening an account on any e-wallet platform is easy and can be done with a few clicks. Would you be willing to test such an option?

 
GCash

Something unique about Filipino people is their habit of using GCash for everyday purchases. It is a payment method that exists only there. Using GCash is extremely easy. It will be necessary to download the app, create and verify the account and deposit the money. Fully verified accounts will get more benefits compared to unverified users. Best of all, many casino sites in the Philippines accept payments made by this tool. That’s why finding the most suitable ones won’t be tough. Make sure to register only at licensed online casinos.

 
Credit/Debit Cards

The previous three payment methods ensure more benefits to an average gambler in the Philippines. Yet, credit and debit cards are old and traditional payment methods that people have used for years. Even in the modernized world, people consider them most convenient. It is hard to find a person who does not have one, which is something we can’t say for the previous payment methods.

Anyway, the good thing is that almost every foreign online casino will accept credit and debit cards. In most cases, the list of available payment methods is extremely long. You will find options like MasterCard, American Express, VISA and others on almost every gambling platform. Unfortunately, there are certain disadvantages to these tools. Although they are extremely easy to use, you may need to wait a bit longer for funds to be approved. That especially counts when we talk about withdrawals.

 
Conclusion

These are the four most popular payment methods for gambling in the Philippines. Of course, we do not want to say they are the only ones. You will also find people using prepaid cards, vouchers, and direct bank transfers. Some people even use eChecks, but not many Filipino online casinos accept them. Anyway, you don’t have to use the most popular ones. Use those that ensure you the most comfortable gambling. Yet, if you can, test the ones we highlighted on this page.

Bingoplus Introduces Piolo Pascual as Newest Endorser in the Spectacular “Bingoplus Day: The Papa P Day!”

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Multi-awarded Filipino film and television actor, recording artist, host, commercial model and film producer Piolo Pascual is the newest celebrity endorser of BingoPlus, the first live-streaming bingo in the Philippines.

The popular bingo brand that staunchly supports Filipino music, Pinoy cultural events, sports and quality entertainment had its fourth big celebration since its launch via a dazzling evening of games, prizes, performances and A-Plus entertainment called BingoPlus Day 4: The PAPA P DAY! at the SM Sky Dome on October 7.

The event’s main highlight was the revelation of “the ever-handsome and most-sought after actor in the country, Mr. Piolo Pascual” as BingoPlus’ newest celebrity endorser. DigiPlus president Mr. Andy Tsui warmly welcomed the celebrity superstar to the growing BP family. “I would like to take this opportunity to welcome our newest endorser, Mr. Piolo Pascual to the DigiPlus and BingoPlus family. We are looking forward to this new partnership and to more BingoPlus Day celebrations with you.”

Fan screams filled the Sky Dome as Piolo Pascual was introduced and grew even louder when he serenaded the audience with a song. The heartthrob expressed his joy and gratitude to represent a brand that’s full of positivity. “It’s nice to represent a brand that you know is always full of good vibes, that opens up opportunities for people to have the good life that they’re aspiring for. It’s a good feeling to be able to represent something that is very positive.”

At the event, BingoPlus also awarded a lucky player who won the jackpot prize of P54 million pesos cash – the second biggest winnings so far after the record-setting jackpot prize of P74+ million pesos, which was the biggest jackpot prize awarded ever in the brand’s history.

Mr. Jasper VIcencio, president of AB Leisure Exponent Inc., congratulated the lucky players and gave them valuable advice. “I want to remind all our winners to be wise in spending their winnings. Set your priorities, because opportunities like these only knock once, so let’s not let them go to waste. Always be a blessing to your families and others.”

In an interview aired during “BingoPlus Day 4: The PAPA P Day!” it was revealed that the P74+ million pesos winner would use her prize money to put up a scholarship program for the youth. “The youth are our hope for a better future, and because of BingoPlus, it wasn’t just me or my family who won. I can also help young people and share them my blessings,” she said.

Numerous artists and influencers like boy group VXON, Arci Muñoz and Empoy also joined the spectacular event and entertained with powerful performances that thoroughly entertained the BingoPlus community.

The audience at “BingoPlus Day: The Papa P Day!” also played games and won grand prizes such as two iPhone 15 Pro Max’s and three luxurious all-expenses paid trips to Boracay.

The event is a testament to BingoPlus’ commitment to elevating the local entertainment scene to provide top-tier amusement of excellent quality to the Filipino people. It also underscores the brand's dedication to delivering positive vibes and a brighter future for its players.

The night would not be a success without the support of its affiliate, ArenaPlus, an up-and-coming 24/7 sports betting app in the country. The brand is set to level up the local sports-entertainment scene with its latest NBA Live Show launch. Play big and win bigger with ArenaPlus’ proud endorser, the one-and-only Jordan Clarkson,

For more updates, visit www.bingoplus.com and www.arenaplus.net. Download the apps now via the App Store and Google Play.

Filipino Household Finances Improve Amid Continued Economic Recovery

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More Filipinos’ household finances have improved over the last three months, according to the Q3 Consumer Pulse Study by TransUnion (NYSE: TRU), a global information and insights company.

The study, which surveyed 1,000 adult Filipino consumers from July 6 to 24, 2023, also showed that more Filipinos are comfortable owning credit products and completing digital transactions. The observed shift in sentiment towards credit products and digital payments corresponds with digital banks and financial technology (FinTech) companies such as e-wallets continuing to establish a foothold in the country. At the same time more Filipinos are also concerned about their safety from cybersecurity threats.



More Filipinos optimistic about income and household finances

Alongside the 4.6% expansion of the Philippine Gross Domestic Product (GDP) observed in Q2 2023[1], 52% of Filipino survey respondents reported better than planned household finances during Q3 2023 – an increase of three percentage points from 49% in Q2 2023.

Additionally, 44% of respondents in Q3 2023 reported an increase in income over the past three months, a slight increase of three percentage points from 41% observed in the previous quarter.



Filipinos are growing comfortable with credit

Almost all (96%) respondents to the Q3 2023 survey see access to credit and lending products as an important way to achieve financial goals.

A deeper dive into the findings shows that the number of Filipinos comfortable owning credit accounts such as loans and credit cards increased by six percentage points to 41% in Q3 2023, up from 35% in Q2 2023. This growing comfort with having credit products is also seen in the future plans of more Filipinos. More than half the respondents (51%) indicated they were planning to apply for a new personal loan within the next year, an increase of five percentage points from 46% in Q2 2023.

“Credit can be a powerful tool that helps people improve their lives. It is a very encouraging sign to see more Filipinos growing comfortable with credit and using it to unlock better economic opportunities,” said Pia Arellano, president and CEO of TransUnion Philippines. “The proliferation of digital banks and financial technology players is also a positive sign. These entities are helping to expand access to credit so more Filipinos can enjoy the benefits of financial inclusion.”



Digital banks and FinTechs seen as sources for credit products

The study’s findings also show that Filipinos are accessing credit products from new sources: 32% of respondents said they have existing credit cards or loans from a digital bank – banks with no physical branches who offer financial products and services processed through digital platforms[2] - while 26% said they have a loan from a FinTech firm.

However, 42% of Filipinos in Q3 2023 said they would still choose the institution that offers them the lowest interest rate when applying for a new digital loan – whether the lender is a traditional bank, digital bank or FinTech institution. While digital banks and FinTech companies have emerged as viable options, these findings are indicative of a discerning consumer base that actively seeks credit products that offer the best terms and conditions.

Aside from seeking affordable credit products, speed of approval also emerged as an influencing factor in choosing credit products: 91% of Q3 2023 respondents cited real time approval when applying for a digital loan being important to them – an increase of three percentage points from Q2 2023.



Cybersecurity seen as a concern with more transactions happening online

More Filipinos now report transacting online. When asked about how many of their transactions are done over the internet, 58% reported completing more than a quarter of their transactions online, an increase of two percentage points from the previous quarter.

Coupled with this rise, cybersecurity also emerged as a concern for more Filipinos. Asked what obstacles they encounter while using digital technology in new ways, 49% expressed concerns about cybersecurity threats – the biggest concern and a three-percentage point increase from the previous quarter.

When it came to the cyber threats Filipinos reported being most concerned about, nearly two thirds (65%) cited stolen identities, over half (51%) data breaches and 45% credit card fraud. Despite growing concerns regarding cybersecurity threats, among those who said they didn’t take action within the last 60 days in response to cybersecurity concerns, 66% said they took no action because they were unsure of what to do – an increase of 11 percentage points from the previous quarter.

“As more aspects of our lives move online, the role of cybersecurity in this progressively internet-centered world is vital. At TransUnion Philippines, we provide a host of identity proofing and fraud prevention solutions to keep fraudsters and other malicious entities from perpetrating crimes against consumers and businesses. TransUnion Philippines is ready to work with financial institutions, businesses, and consumers to provide the education and solutions needed to help keep online spaces safe,” said Arellano.

For more information, please view the infographics of the Consumer Pulse Study.



About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good®. TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people in more than 30 countries.

In the Philippines, we were the first comprehensive private credit reference agency (CRA) and we have helped Filipinos to better understand and manage their personal finances for more than a decade. We serve a range of clients across multiple sectors, including international, national and rural financial services providers, telecommunications, utilities, FinTech and retail organizations.

transunion.ph


[1] https://www.psa.gov.ph/content/gdp-expands-43-percent-second-quarter-2023


[2] https://www.bsp.gov.ph/Regulations/Issuances/2022/1154.pdf