Top 5 Payment Methods to Use for Sport Betting and Online Entertainment in Scandinavia

Online entertainment has become a predominant type of leisure all over the globe. Blame it on the 2020 pandemic, laziness or new technology, the fact remains, it is here to stay. Allied Market Research predicts online entertainment, in general, will reach $652.5 billion in revenue by 2027. Of course, all these online courses, movies, sitcoms and games have to be paid for, and no one knows it better than Gilfred Helmonsen (read his bio here), an online specialist from Scandinavia.

Betting in Nordics is as common as salmon, but let’s not forget about streaming services, e-sports, online shopping, and all other activities from the internet realm that cost money. Choosing the right payment method can be crucial to keep the fun alive”, says Helmonsen who reveals his top-picks.

Credit and Debit Cards

In his opinion, credit and debit cards are staples in any wallet, and available to the majority of online consumers out there. Issued by banks and big companies, they are the safest and most reliable way of handling transactions related to online entertainment.

“One of the main advantages of banking cards is that they are accepted literally everywhere. Casinos, stores, online streaming events – they all take credit and debit cards”, explains he.

E-Wallets

E-wallets are the next payment method on the list. They serve as a bridge between the customer and the entertainment service provider, thus allowing the user to keep his banking details private. Fast transactions and low fees make it the best choice for many fun-seeking individuals out there.

“If you use e-wallets go with the most reliable options: Skrill, Neteller, Ecopayz, and let the new methods establish themselves through others. E-wallet must always display transparent company data and have favourable reviews”, warns the expert.

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Cryptos

The next in the line are cryptos. Although they have been all the rage for quite a while, there are plenty of people who still hesitate to use them in online transactions. Helmonsen explains the high volatility of crypto markets makes them less favourable than other payment options.

As other disadvantages, he mentions the fact they are not accepted everywhere which can be quite limiting: “The chances are you’ll be able to play casino games and e-sports, bet on soccer and purchase skin for your character. However, don’t count that you’ll be able to pay YouTube Premium account with altcoins.”

Bank Wire

Notoriously slow, and something from the old ages, bank wire is still a 100% legit method for making online payments, even when it comes to entertainment. Judging by Helmonsen’s words, its bad rep is mythical, yet this method doesn’t drag behind others.

“Yes, it can be a bit slower, but keep in mind that times, when you had to wait for days to get the transfer done, are behind us. Besides, you can pay a small fee to make it instant, which puts it right next to other, more modern payment methods”, he says.

Prepaid Cards

Prepaid cards allow the end-user to purchase a card of a certain value and spend it as they like. The card can be purchased in cash, in retail kiosks, or online with the payment methods listed above. Our expert says prepaid cards are a good choice when using a safe that might not be 100% safe, yet they do have some disadvantages.

“If you need to get a refund, good luck with that! Prepaid cards don’t support it, and you’ll have to look for an alternative method, which can be a true pain in the neck”, he concludes.

Golam Muktadir is a passionate sports fan and a dedicated movie buff. He has been writing about both topics for over a decade and has a wealth of knowledge and experience to share with his readers. Muktadir has a degree in journalism and has written for several well-known publications, including Surprise Sports and Surprise Movies.

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