Multi Currency Online Casinos
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Online players like to wager in the currency of their own country. First of all they are more comfortable with their own currency. And they lose money every time they convert their currency to USD and vice versa. The major online gaming software providers realized that if they are to acquire significant growth outside the United States then they will have to offer wagering in other currencies.
Online casinos that allow for wagering in multiple currencies are known as multi currency casinos. The advantage of multi currency casinos is that different online casinos are not required for players from different countries. Players wager at the same casino by selecting the currency they want. Microgaming, Cryptologic and Playtech powered online casinos allow players to bank in several major currencies including USD, CAD, EUR, and GBP. In addition online casinos that have a significant Russian clientele offer wagering in the Ruble. Online casinos catering to the Asian market offer wagering in Asian currencies.
Most Microgaming and Playtech powered online casinos allow the player to select the currency of their choice at the time they register. It is a choice that has to be made after due consideration because it is practically irreversible. Players can toggle with the different languages offered by the online casino but not with the currency. If a player wants to change the currency of wagering then he has to put in a request to customer support. Usually the customer support will ask him to refrain from making any deposits and ask him to complete his wagering requirements and clear his pending bonuses. The online casino may then convert the clear balance to the new currency or may ask him to withdraw the balance and make a fresh deposit in the new currency. The online casino is not making things difficult for players. Bonuses are offered in different currencies and usually it is impossible to covert pending bonuses from one currency to another.
There are two systems of offering bonuses. In the simpler system the bonuses have the same numerical value in all currencies. A player wagering in USD gets a bonus of 100 USD and a player wagering in EUR gets a bonus of 100 EUR. In this system the player wagering in EUR gets a higher bonus based on real value of the currency, but then he is also wagering a higher real value with each credit. In the other system online casinos equate the real value of the bonus. Hence if the bonus is 100 USD, then it would be 75 EUR. Hence in this system the player gets a smaller numerical bonus even though he is wagering the same numerical amount. This can be a reason for many European players preferring to wager in USD. |
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