To find the best payment method is as important as to find the best online casino to play in. Nowadays online casinos ensure multiple options of payments and withdrawals. For newcomers it can be a little confusing to understand how these options differ and what to choose. Here’s what aspects you need to consider, before deciding which is the most suitable payment method for you.
Widely accepted banking methods in online casinos include credit or debit cards, several e-wallets, instant banking methods and even offline banking options. Each of them comes with its own terms and conditions. You probably want to find a secure and quick payment method for transferring your funds into an online casino account. Also you want to be aware if your chosen method requires any additional fees for transfers.
Note that deposits and withdrawals have different processing times, and not all banking methods ensure withdrawal options. Your chosen banking method will determine, how fast are your deposit and withdrawal transfers. Usually, deposits are instant, but withdrawals take a few days, generally from few hours to 2 days.
Another prime factor you need to take into account – what is the allowable account limit. Compare several banking options and make sure of all these aspects. Furthermore, choose a banking method with ensured customer service 24/7. This is important in cases, if your transfers are delayed or any discrepancies occur.
After deciding which is the most suitable payment method for you, the rest is much simpler – making a deposit at an online casino takes just a few clicks. All you have to do is decide what amount you want to transfer into your online casino account and fill in the required information. If you selected the right banking option, your deposit will be transferred instantly and you can enjoy online casino games straightaway.
You should always keep in mind that safe payment methods and reputable online casinos goes hand in hand – you probably cannot expect fair money transactions if you are playing at shady gambling sites without checking any reviews and reputation of the casino. Here at Bonuslist.eu we provide a list of only safe and reliable online casinos you can trust in. If you sign up in our listed casinos you will receive impressive welcome bonuses to explore and start your casino journey with a lot of fun.
Explore what are the most popular and safest payment methods in online casino world – from credit and debit cards, to digital e-wallets and cryptocurrency.
Using credit cards or debit cards to manage your bankroll in online casinos is very popular, because they are relatively easy to use, safe and fast. Credit cards as a payment option in general have well established reputation for security and availability – they are the most popular payment option provided in online casinos. If you decide to use credit or debit card to transfer funds to your online casino account, you will have to enter your credit card number and some additional info about the card, and you will be ready to transfer your deposit and play. Some credit cards have additional fees regarding transactions. You should always check, if your chosen payment method has any charges and what is the amount of them (usually around 1%).
And of course, one of the comfortable things about using credit or debit cards in online casinos is that you are actually using your everyday payment method and all your funds are easy to manage. Take a look at the most popular credit or debit card payment options in casinos below.
Visa Inc. is a global payments technology company that operates in more than 200 countries and ensures fast, secure and reliable electronic payments. Visa issue cards to banks and financial institutions. VISA debit card is one of the most popular online casino payment methods worldwide. It is accepted in almost every online casino, and one of the main reasons why it is widely used – it is safe, easy to use and it ensures fast transactions. Debit and credit cards in general are the basics of online casino payment opportunities – always available and simple, however deposit and withdrawal options differ in casinos, there are gambling sites that provide only deposits with VISA cards.
Mastercard Incorporated in a global financial services corporation based in America. Mastercard issues cards to more than 25,000 institutions and provides four options: credit card, debit card, prepaid cards and gift cards. Mastercard is the biggest competitor to VISA, and its Maestro cards are also widely used as an online casino banking method across the globe. They have established reputation as safe and reliable payment option, they are widely accepted and provide quick transfer times. Usually, there are no additional fees for using Maestro card, but there can be online casinos that have added some charges for transactions.
American Express cards, also called Amex cards, are another great online casino banking option if you prefer card payments. However, it is not so popular within online casinos as VISA and Maestro cards, it can probably be explained with the strict legislation of online gambling in America. If you do find a casino that accepts Amex cards, you can be sure it is well-reputed and safe online casino you can trust your money with.
American Express cards holds a reputation for safe and secure money transactions, and for a player it is always quick and easy to use as card payments in general. Another amazing thing is that there are usually great bonuses attached to this payment method, since it is not that popular. Bonuses usually are received as you transfer money to your online casino account. Be sure you always check terms and conditions to each payment method; Amex cards usually apply some additional fees for transactions. It is not very large amount of money, but you should be aware of the commissions and decide if you agree and are comfortable with them.
The popularity of e-wallets as a payment method in a digital world is increasing rapidly, as they are recognized as secure and fast money transferring option. The most advantageous thing about e-wallets is the opportunity to create a digital account with multiple cards or bank accounts, but you can transfer your funds without sharing information like credit or debit card details and numbers. The most common e-wallets available in online casinos are PayPal, Skrill and Neteller.
PayPal was founded more than 20 years ago in 1998 and during its time of operations it has become a global leader in digital payments. PayPal serves more than 200 million accounts in over 200 countries and 25 currencies. In the world of online casinos PayPal is largely accepted and easy-to-use banking option. If you use the exact currency, there will not be any additional fees for transactions from PayPal, but for other transactions PayPal can make a charge. If you are using the same currency, always check if the casino doesn’t add any fees.
Another veteran of digital payments is Neteller. The company was founded in 1999 in Canada, now operates under Paysafe Group in United Kingdom. With payments available in more than 200 countries, Neteller is one of the industry’s giants. Neteller has a tight history with online gambling services and regarding online casinos, sportsbooks and poker rooms Neteller is largely accepted and often promotes discounts and bonuses.
Skrill was founded in 2001 in United Kingdom with the name Moneybookers, now it is one of the biggest names in industry with competitors like Neteller and PayPal. During the years of operations, Skrill has managed to buy few other competitors in European market. Skrill is very popular within online casinos and is accepted in almost all gambling sites. Skrill requires minimum deposit at least €5, but there is no withdrawal limit and usually withdrawals are handled in few days (from 1 to 5).
Paysafecard is prepaid digital payment method which is widely popular among online casino players. Paysafecard specializes in serving payments connected to entertainment like movies and music, games, social media etc. The company was founded in 2000 in Vienna, Austria and now operates worldwide. As other digital payment forms, Paysafecard ensures the possibility to make your online casino deposits without sharing any details about your credit or debit card. Paysafecard doesn’t add any additional fees for transactions. It is not available in all countries, and only few online casinos offer to withdrawal using Paysafecard. You can also transfer your funds to other e-wallets like Skrill or Neteller.
If you are not ready to use any online payment methods, then it is still possible to use other offline banking options. These include Bank Wire, using your local bank to transfer your funds, eCheck which is similar to using paper checks online, and Western Union which offers such offline banking options as transferring your funds via phone or by visiting a WU land-based center. Going to a bank, Western Union branch or other financial institution, you should always prepare same basic information about the casino you want to transfer your money to. Be aware that offline banking methods usually charges fees for transactions and service, and you should oversee the payment process. Moreover, it is longer to actually visit a financial institution, but if you still believe offline banking methods is more suitable for you, it is always an option.
As your everyday habits are shifting to mobile phones, casinos now provide an opportunity to transfer your funds via smarthpones. The most popular and accessible mobile payment options in online casinos include Zimpler, Bokus and Payforit, which adds your casino payment to your monthly mobile bill, you can set transaction limits by day, week or a month. Using such services, you don’t have to enter your credit and debit card information or use your bank account.
For some time now cryptocurrency is conquering online casinos, and there are several gambling sites that accept cryptocurrencies as Bitcoin and Ethereum as deposit method. Both options include deposits and withdrawals, and payments are handled very fast – deposits take just 15 minutes, but withdrawals about 24 hours, which is relatively fast comparing to other payment methods. Cryptocurrency as payment method in online casinos doesn’t require any additional fees, because there is no third parties involved. But you should always check if the casino doesn’t add any charges.
A lot of gamblers prefer to use cryptocurrency as a payment method in online casinos because it ensures anonymity, usually cryptocurrency casinos only ask for a valid e-mail address in order to recover the account if the password is lost. Few things you have to take into account is that the value of cryptocurrency is changing rapidly, also there can be governments that requires to pay taxes for withdrawals.
Usually newcomers to online casino world are so amused by all the exciting things they have to explore, like games, features and bonuses, that they miss to look how to cash out winnings earned in an online casino. It is best to check this information from the start and to understand the terms to save yourself any stressful experience.
At safe and reputable casinos withdrawing your winnings is usually easy few-step action, but still it can be a little shaking for newbies. Here’s what you need to do step by step:
When you are logged into your casino account, go to wallet or banking section;
Select your preferable payment method and mark the withdrawal option;
Fill in the amount of money you want to withdraw;
Confirm the transaction.
As you can see it’s very easy and it takes just a few clicks, but why it’s confusing sometimes? Not all payment methods offer both – deposit and withdrawal options, so sometimes your chosen deposit method will not be an option for cashing out your winnings. All information regarding rules about transferring money are noted in terms and conditions.