Guide To Online Casino Payment Methods » Best Deposit Options 2023
One of the most important factors to consider when choosing the right online casino is what online casino payment methods are available. With the recent boom in online gambling, the top casinos provide several different payment options for deposits and payments. Whether you use a bank card or an e-wallet, you want to be sure that your casino payment transactions are safe and secure. Convenience is important, and it also pays to know how long transactions will take to clear.
Best Online Casinos By Banking Options
What Factors You Need To Consider When Choosing Casino Payment Methods
Some payment options at casino sites come with strict rules. Such as and if you deposit with one banking method, you must also withdraw using the same method. However, some casinos allow you to change your withdrawal method, and this is common practice in many digital currency casinos. So make sure that the online gambling site you choose allows you to deposit and withdraw your funds with your favorite digital wallet or bank card.
Credit and Debit Cards Plus Prepaid Cards – Payment Methods
Bank cards are common payment methods for use at an online casino as they are usually quick to process. You can link your credit cards or debit cards to your online gambling account. The online casino will check to make sure the card is legitimate and once they approve it, payments are usually straightforward.
VISA
VISA cards are always one of the most popular casino payment methods worldwide, and there are very few online casinos that do not accept VISA cards. The ease of use and universal appeal of VISA makes it a top choice. VISA issue both debit and credit cards.
MasterCard
MasterCard ranks very high in popularity for the same reasons as VISA cards. The ease of use and the fact that they are generally accepted everywhere worldwide makes it a very convenient choice of payment method. Credit cards are most commonly associated with MasterCard.
American Express
American Express cards are the most popular payment method in The United States but are not so common in Europe, where a lot of online gambling sites operate. So it is important to check first as not every casino will accept American Express.
Discover
If you are living in the US, you can use your Discover card at certain online casinos. However, it is not as widely accepted compared to VISA or MasterCard, so you may encounter difficulties at certain online casinos.
PaysafeCard
Paysafecard is popular in Europe and the UK. Since they are prepaid cards, they are fast and reliable online casino payment methods that most operators accept. Furthermore, you can top up your balance at local high street shops.
credEcard
CredECard is a prepaid card that has the same features as a VISA card, and it is usually accepted by online gambling sites that accept VISA cards. To enjoy casino games, simply choose VISA as your payment method and link your credEcard to your account.
VISA Gift Card
A VISA gift card is also a very popular prepaid payment option. Most online casinos that accept credit and debit cards will accept a VISA gift card, and they are popular with players that value anonymity.
E-Wallets – Payment Methods
E-wallets are safe and convenient payment methods, and they are gaining in popularity among players and operators alike. An advantage to using e-wallets for online casino deposits is that you can link a variety of cards to your digital wallet account. Furthermore, withdrawals are usually faster than with bank cards.
PayPal
PayPal is probably the most famous worldwide e-wallet name and it is the most popular of the e-wallet casino deposit methods. Once you link PayPal to your online gambling account, you can easily make deposits directly from your PayPal account.
Neteller
Neteller is a Canadian e-wallet that is accepted in most countries. It is popular with online casino operators as it is safe and reliable, and it’s popular with customers because it has high online casino deposit limits.
Eco card
Eco card is widely accepted by most of the top online casinos, but it can run into problems due to US online gambling laws. It is a combination of an e-wallet and a prepaid credit card, offering many flexible ways to make an online casino deposit.
Skrill
Skrill is similar to Neteller and is very popular among online casinos in the UK. It offers high online deposit limits, and transactions are fast and reliable. Withdrawals to a skrill card typically only take 24 hours.
Ecopayz
Ecopayz has long been an alternative to Skrill and is popular among casinos in the UK. You can fund your account with the ecoVirutalCard at any online site that offers MasterCard as a payment method.
My Citadel
MyCitadel is another popular e-wallet that offers quick and secure deposits. It is widely used by people who wish to remain anonymous and do not wish to share their bank information with an online casino.
Wire and Bank Transfers + Exchanges – Payment Methods
Bank and Wire Transfers are very secure casino deposit methods as well as withdrawal options. Once you link your bank to your online gambling account, making an online casino deposit is super-easy. Since a bank wire is dealt with directly by your bank, this is one of the most straightforward and best online payment methods you can use.
Moneygram
MoneyGram is a US money transfer company that is one of the largest providers of money transfers worldwide. Online Casino Deposits are quick and easy at MoneyGram stores, or you can use their website.
Western Union
Western Union is one of the biggest names in money transfers and you will find their offices in over 200 countries. They are popular in any list of deposit methods, but withdrawals typically take around 5 days to clear.
ACH
ACH or Automated Clearing House transactions are popular in North America, as there are no fees for transactions and deposits are usually instant. However, as a withdrawal option, you will have to wait about 5 days to receive your casino winnings.
Interac
Interac is one of the more popular online deposit methods in Canada. You can wire transfer funds easily from your bank to your online casino account, without sharing your private data with the gambling site.
Trustly
Trustly is growing as one of the best payment methods due to the speed with which you can withdraw your winnings from them. It features multi-currency functionality making it popular in Europe and the Americas.
iDeal
iDeal is a private banking system that acts as a middleman in online transactions. Using this as a casino deposit method bypasses the sharing of any banking information with the gambling site, but you cannot make withdrawals to an iDeal account.
Mobile Payment Solutions
Not all casino players have the time to play casino games from home on a desktop, so they use their mobile devices to play and make online deposits and withdrawals. With the number of deposit methods growing at a rapid pace, operators work hard to make casino deposit methods as convenient as possible.
PayForIt
Payforit is an online payment system that works on all UK mobile networks. It is owned by a number of the UK’s top mobile network companies such as Vodafone and O2. Hence, you must have a UK phone number to use this service.
Cash App
Developed by Square Inc, CashApp is a great payment option for customers who wish to deal in cryptocurrency rather than FIAT currencies. Also, users can buy and sell Bitcoin, and benefit from high limits for deposits and withdrawals.
Apple Pay
Apple Pay is a good option for people who wish to make a casino deposit with an iOS device. It is a fast way to make an online casino payment, along with being used for quick withdrawals.
Zelle
Developed by several US banks, Zelle is one of the newer online casino deposit methods, using a credit card or Bitcoin to make a deposit at casinos. Also, customers can make Bitcoin purchases through Zelle to fund their online betting account.
INSTADEBIT
Instadebit is a convenient and safe way to transfer money in Canada. You can move money directly from your bank to your gambling account, and can also receive casino withdrawals into the same account.
Accepted Cryptocurrencies
As more and more businesses start to move on to the web, people are looking for the most convenient deposit methods and payment options. Cryptocurrency is an obvious choice among deposit methods, as the blockchain offers the best internet security.
Bitcoin
When people mention cryptocurrency, they are usually talking about Bitcoin, as it is by far the most popular cryptocurrency. It is popular for casino deposits as it has really fast processing times and low fees since it bypasses banks.
Ethereum
Ethereum is more popular in the UK and Eastern European markets. Established by programmers that saw the pros and cons of Bitcoin, it offers fast transactions and has some of the best security methods for online casino deposits.
Litecoin
Litecoin is almost an exact clone of Bitcoin. Emerging in 2011, it follows all the same principles of Bitcoin but offers faster transactions since it can mine coins in a much faster time. It is one of the fastest payment options for online casinos.
Dash
Dash is another casino payment option that allows users to remain anonymous and secure. Open source, Dash models itself on Bitcoin and is popular in countries that do not offer many casino payment options.
0x
OX is one of the newest cryptocurrency payment options available. It is open source and allows users to make banking transactions under the Ethereum blockchain. It is quite popular at online casinos in the United States.
Ripple
Ripple is an online casino payment method that was initially meant for transferring different currencies and commodities. However, it has become popular as a way for banks to transfer real money in real-time and is a popular form of deposit and withdrawal at online casinos in a lot of Asian countries.
Other Available Casino Payment Methods
It is quite likely that one of the many online casino payment methods listed above will allow you to fund your accounts to play casino games. However, if for any reason you cannot use any of these casino payment options, or you need a different method, you may wish to choose from one of the deposit methods listed below.
Vouchers
With online vouchers, players can send cash to each other from their gambling site account. Once a friend sends you the voucher, you will receive a code that entitles you to receive the money.
Cheques
It is very unusual to receive a cheque in today’s society, but cheques are still an available choice as an online casino payment method, particularly for players in the US, where cheques are a common form of payment.
Echeck
An Echeck is a more secure version of a cheque. They usually have lower fees than credit card payments, allowing customers a safe and secure casino payment method. Also, it helps with keeping personal details secure.
Paynearme
Paynearme is a transfer company that operates primarily in the United States. If a casino lists it as one of their deposit methods, they will issue you with a barcode. Next, take this to your local convenience store and you can make your deposits to gambling sites over the counter.
Advantages and Disadvantages of Online Casino Payment Methods
All payment methods have a good and a bad side to them.
| Payment Method | Good | Bad |
|---|---|---|
| Bank Cards: | Easy to use and set up | Requires security checks for payments |
| E-Wallets: | Fast payment option | Need to have a digital wallet in place |
| Wire and Bank Transfers: | Pays directly to your bank account | A bank wire needs time to clear |
| Cryptocurrencies: | Fast and secure | A volatile currency |
Safe and Secure Banking – What Practices Online Casinos Have In Place
We are moving closer to being a cashless society, and people are realizing that digital casino payments are more secure than using real money. Online casinos embrace this and have many security features in place to make whatever your casino deposit method is, safe and secure.
Encryption
All of the best online casinos use 128 or 256-bit encryption to ensure that your transactions are safe and secure. This is the same level of security you have with any online banking, so you can make a deposit safely, and be confident that you will receive your winnings.
3rd Party Auditors
Third-party casino auditing agencies ensure that casinos are correctly displaying the correct odds for any bets. This applies to casino games and also to all of their jackpots. So when playing for real money online, you can be sure that you will receive the proper payout.
Online Casino Payment Methods – Make the Right Decision For You
You have several online casino payment methods when it comes to funding your casino account or withdrawal of your winnings. Deciding whether to use your bank account to make a deposit instead of e-wallets or real money or choosing cryptocurrency deposit methods, you are spoiled for choice in today’s world. Online casino deposits can be made with ease, and you can play casino games from your phone while also using the same device for depositing funds.
FAQ – Online Casino Payment Methods
We get asked a lot of similar questions about the best online payment methods so have compiled the need to know questions and answers to help you choose between banking options.
You do not need a credit card to join online casinos, but it is one of the most commonly used casino deposit methods.
Typically all payment options are quite fast, but generally, the fastest casino payment methods are ones that bypass banks. Such as cryptocurrencies and credit cards.
Virtually all online casino payment methods are safe, but cryptocurrency has the reputation of being the most secure.
No, you cannot use cryptocurrencies at every online casino. However, this is constantly changing with especially bitcoin use by consumers and casinos becoming more and more popular.
You just need to supply the same data you would for any online purchase: card number, the expiration date, and CCV. However, this may only have to be done only once if you agree for the online casino to hold your details.
This depends on the online casino so you should check their Terms and Conditions. However, many online casinos will only forward your winnings to the deposit method that you listed upon registration.
3D Secure is an extra security protocol for credit cards and debit card online transactions. It requires a 4 to 6 digit code that is received as an SMS to a pre-registered phone. Or an additional password to be input on an authentication page to process the payment.
Cards are easy and convenient and the majority if not all people will have one. However, with e-wallets, you do not need a card and are very secure. But you will need to register and link funding methods to your e-wallet account.
So it is completely down to personal preference.
Yes, all casino deposit methods are dependent on the country you are physically in. And maybe even where the deposit method is registered.
A FIAT currency is a bank currency such as US dollars and other Country dominations used, therefore real money. And not backed by a commodity such as gold or cryptocurrency.
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