Online Casino Payment Methods
Once you create an account with a preferred provider of gambling solutions, it is time to explore the available online casino payment methods and settle for the one that corresponds to your personal preferences. Below, you will find a list of the most common online casino deposit methods as well as a brief overview of the advantages they have.
Even if you engage in gambling activities to kill time or shake off stress, you will inevitably come to a point when you have to cash out your winnings. That is why we will bring to your attention the online casino withdrawal methods, too. The wide number of payment processors can be confusing, though. All of them advertise themselves as the best casino payment options, but you have to beware of some submerged rocks such as high processing fees and slow withdrawals. It goes without saying that the safety of your personal and banking information is of paramount priority.
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Online Casino Payment Methods
In order to ensure your trouble-free online gambling experience, you should create an account at a reputable casino that provides not only a great game collection but also a safe playing environment. In this respect, you should not compromise on the safety of your banking details. Although using online casino payment methods is no different from shopping online, you still have to be familiar with all bells and whistles of depositing and withdrawing online casino funds. Have a look at the list of the payment options widely used by players from all over the world.
Credit/ Debit Cards
Credit/ debit cards are the all-time classics in making online and offline transactions in a fast and secure manner. VISA/ MasterCard/ American Express/ Discovery are among the most popular online casino deposit methods. All you need to do to top up your account is to enter your banking details in the required fields and the desired amount will be instantly transferred to your casino account. Depending on the country you live in, you may not be allowed to use some of the above-mentioned banking products as an online casino withdrawal method. That is why you are advised to figure out that matter in advance. The best thing you can do is to contact the customer care agents and ask for more information about withdrawals to your bank account. It is essential to coordinate with the bank institution that has issued your card. Some banks do not process transactions to and from gambling websites at all.
It is also important to mention the difference between using a credit and a debit card. If you use a debit card, the desired amount will be deducted from your available balance. In case you use a credit card, you will have to pay the amount back on your due date. Keep in mind that it may take some time for the transaction to appear on your credit card statement. Needless to say, you will have to provide a copy of your ID/ driver’s license the first time you use your credit/ debit card as an online casino payment method.
E-wallets
E-wallets have been gaining more and more popularity recently. They provide a high level of security as well as reasonable transaction processing fees. Here are some of the e-wallets that have earned a spot among the best casino payment options.
Skrill
Formerly known as Moneybookers, Skrill is arguably the most popular payment processor in the online gambling communities. In order to use it for making deposits and withdrawals, you need to go through a verification procedure. The first thing you need to do is to set up your Skrill account and link a credit/ debit card. A random amount of money will be deducted from your bank balance. You have to log into your online banking, check the deducted amount and enter it into the required field. Once you complete this step, you can freely upload funds from your credit/ debit card to your Skrill account and use it for making online payments and online casino deposits. As for withdrawing your casino winnings, you can transfer the desired amount to your Skrill account instantly. However, it may take a few business days to have the amount transferred from your Skrill account to your credit/ debit card.
PayPal
PayPal is undoubtedly one of the most popular payment processors on a global scale. It is an e-wallet that enables you to send and receive money from friends and business partners in a matter of minutes. PayPal works on the same principle as Skrill. You create an account and go through a verification procedure. Once again, a small amount will be deducted from your bank balance. You need to check your bank statement and look out for a 4-digit verification code. When you are done with the verification procedure, you can add PayPal to your list of primary online casino payment methods.
Strange as it may seem, PayPal is not a widely accepted payment processor when it comes to online casino deposits and withdrawals. At the time of writing this article, players based in the following countries are allowed to use PayPal for funding their online casino accounts: Finland, Belgium, Austria, UK, Portugal, Greece, Ireland, Denmark, and Sweden.
Neteller
Neteller is one of the best casino payment options, currently serving more than 180 countries worldwide. Its popularity among online casino players is attributed to the security it ensures as well as the low fees and fast deposits and withdrawals.
Like the majority of e-wallets, Neteller is a convenient method for sending and receiving money online, but before you are enabled to use its functionalities, you need to verify your account. For the purpose, you need to create an account and link your credit/ debit card. Upon registration, you will get your unique Neteller Secure ID and Neteller Account ID. The latter can be used for logging into the system. All you need to know in order to send money to another Neteller user is the ID of the receiver.
Neteller also offers a Net+ Prepaid MasterCard. It works as a standard debit card and can be used wherever MasterCard is accepted. The other option you can take advantage of is the Net+ Virtual Prepaid MasterCard that does not have a physical equivalent. To use Neteller as an online casino deposit method, you need to fund your account in first place. Transferring funds is possible via credit/ debit cards. Although Neteller is known as one of the low-cost e-wallets, a currency conversion fee may apply. Plus, if you do not use your account at least once per every 14 months, you will be charged a fee for every month of inactivity.
ecoPayz
ecoPayz is the next pick in our list of reliable e-wallets. It falls under the category of e-wallets, but what sets it apart from its counterparts is the greater freedom it gives when it comes to making online and offline purchases. In case you want to use ecoPayz as an online casino games deposit method, you need to establish and verify your account. Then, you will be enabled to top up your ecoPayz account and transfer funds to your online casino account. To withdraw your winnings, you need to go to the banking page of the casino and follow the steps. The amount will be promptly transferred to the ecoPayz’ system, but it takes a few business days to have your funds available in your bank account. If you want to use ecoPayz for making offline purchases, you are encouraged to apply for an ecoPayz card. It enables you to make payments in land-based stores that accept MasterCard.
It is essential to note that choosing ecoPayz as your primary withdrawal method can be a bit tricky. ecoPayz users are divided into several “categories” – Classic, Silver, Gold, Platinum, and VIP. Depending on your status, your transactions are subject to different fees. The more transactions you make, the higher your status becomes. When you establish your ecoPayz account, your status will be Classic, and you will not be able to withdraw your funds to a bank account.
Click2Pay
Click2Pay is yet another online casino payment method that deserves your attention. As usual, you need to fill in your personal and banking information and complete the verification procedure before you proceed to make online casino deposits and withdrawals. When you create your account and link a credit/ debit card, you will receive your ID code and PIN number that will be necessary for making transactions via the e-wallet. Similar to ecoPayz, Click2Pay has a customer rating system that determines the weekly amount you can spend. Upon setting up your account, you will have a low Star Rating. The more often you use Click2Pay for making transactions, the faster your rating will increase.
Instant Banking
If you, for one reason or another, are not willing to use an e-wallet or you simply consider those verification procedures a way too irritating, you must be looking for alternative online casino payment methods. If that’s your case, you may consider Instant Banking as one of the best casino payment options. You don’t need an account to use the service. You just need to make sure you have sufficient funds in your debit card and double check if your bank is included in the list of financial institutions supporting Instant Banking. Then, you have to log into your casino account and choose Instant Banking from the list of available options. You will be redirected to your Instant Banking page where you will have to enter the required information as well as the amount you wish to transfer. However, if you choose Instant Banking for making a deposit, you will have to look out for an alternative online casino withdrawal method. For the time being, Instant Banking does not have such an option.
Prepaid Cards
Prepaid cards and paysafecard, in particular, is regarded as one of the safest online casino payment methods. You are not required to share any personal or banking information. Prepaid cards are vouchers you get in exchange for your money. You can buy as many paysafecards as you wish. All you need to do is to log into your casino account and enter the digits shown on the voucher(s). Simple as that. Unfortunately, paysafecard cannot be used for withdrawals, but you have plenty of alternatives to choose from.
Other Payment Methods
In this section, we will cover the online casino deposit and withdrawal methods that are not as widespread as the payment processors listed above. Wire transfers and checks fall into this category. The reason is that you have to wait a couple of days to have your casino account funded. Withdrawals are also slowly processed as compared to the efficiency e-wallets ensure. In addition, you will have to visit the land-based branch of your bank to request a wire transfer, which is a waste of time given the number of convenient payment methods you have at your disposal.
It is also important to note that some payment methods are not as popular as these mentioned above simply because they are available in a limited number of countries. They offer a high level of security and reliability, but if you do not reside in a particular country, you will not be able to use them. Some of these payment processors are moneta.ru, eKonto, POLi, Bitcoin, giropay, SOFORT, Trustly, AstroPay, Yandex Money, Euteller.
Fees
Depending on the online casino payment method you choose, you might be required to pay a transaction fee. Casinos usually do not impose any fees on deposits and withdrawals, but your bank institution may do so. If you make a deposit/ withdrawal in a currency that is not supported by the casino, your funds will be converted into an accepted currency according to the exchange rate. Most e-wallets also have a fee for withdrawing your funds to a debit card.
Bonuses
Frankly, you will not come across many casinos that have a bonus for using a certain payment method. At the time of writing this article, the sole online casino that offers a 10% or 15% bonus for making a deposit via the available payment processors is Eurogrand casino.
Safety Rules to Remember
Casinos are well-aware of the importance of protecting the sensitive information of their customers, and they use the latest encryption technologies. Your personal and banking details will not be shared with third parties unless required by police or legal authorities. However, you’d better take into account a few easy to follow rules just to make sure you will not fall a victim of dishonest practices.
- The first thing you have to remember is that no casino will ever ask you to reveal your account password or the password of your online banking/ e-wallet account. In case you receive a phone call or an e-mail claiming that you are required to reveal sensitive information, discard it and contact the casino customer support immediately.
- You are not advised to make online casino deposits and withdrawals when you use a public Wi-Fi network.
- Change your passwords regularly. That is valid for both the password of your casino account and the passwords of the online casino payment methods you use. Avoid passwords that contain identical letters or numbers. For extra safety, use a combination of special characters, small and capital letters as well as numbers.