The online casino wallet system is generally a solution that manages the game credits of an individual player in the online casino; with the latest remaining balances tabulated based on total deposits made over the win loss at the end of every game session.
Many online casinos started with a Basic Wallet system previously. Over the years, some still maintain using the same system whereas the others begin to progress further into new technology enhancements by investing heavily into R&D for continuous business process improvements and upgrading their technology fundamentals in preparation for the upcoming tech transformation. As a result, a more sophisticated wallet system was introduced, which is the Seamless Wallet.
"With tremendous inflow of positive results and reviews achieved by those who pioneered the implementation of Seamless Wallet, it has led the others to follow suit in order to remain competitive in the industry."
Both systems tend to have its competitive advantages as the effectiveness and efficiency of each depends heavily on the online casino’s technology setups, business operation policies and its players’ majority preferences. Eventually, both systems still allow players to experience the same level usability in terms of game functions and contents.
Refer below for a better insight on how each wallet system works.
Basic Wallet System
This conventional approach tends to have less impact and do not overload the servers, as there are lesser requests and responses. It manages the game credit balances for each game externally and separately.
Integration occurs mainly on two main checkpoints, which are i) when the game starts; with player transferring or assigning a specific amount of game credits (that is deducted from the Main Wallet) to a specific game or a specific game category prior to commence playing; and ii) when the game ends; making final tabulations prior to closing or disconnecting the game to determine the remaining balances to be maintained in the product specific wallets or transferred back into the Main Wallet.
The purpose of this solution is to effectively manage the promotion bonus claimed by players, as a control measure that ensures players must hit the minimum betting turnover (as set in the pre-defined terms and conditions for promotion bonus) prior to transferring back the balance funds into the Main Wallet. In other words, players will have balances in various wallets, such as the Main Wallet and also other product specific wallets.
Some players tend to find this solution to be a discomfort user experience due to the repeating action of transferring funds from the Main Wallet into various product specific wallets and vice versa; every time when the game starts, ends and the reloading is required.
Seamless Wallet System
Seamless is to describe something that has no breaks or gaps in it or which continues without stopping. Seamless wallet allows players to start the game right away without having to perform any transfers into a product specific wallet, as balances in the Main Wallet can work across all products in the online casino.
All cash in cash out activities such as deposits, betting transactions for each and every round throughout the game sessions and withdrawals are to be managed via a single wallet. The integration focuses on a continuous communication to attain a real time update on player’s account balances. This assists both the online casino operators and players to have a better visibility and control over all incoming transactions at every second.
In view of the simpler and easier to manage workflow, many online casino operators are moving forward to the implementation of Seamless Wallet. It delivers better transparency on all activities; increasing the efficiency on transactions reconciliations and audit. Moreover, this is a player’s oriented approach that enhances the player’s confidence by providing a higher level of protection while playing at the online casino. However, such real time and continuous system requests and responses require a strong technology foundation setup that can handle the inflow of massive data in a timely manner.
"With the above explained Wallet Systems, which system would you prefer and opt for?"
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