Going Over the Most Convenient Banking Methods in Online Casinos

Experienced punters know that online casino sites with various gambling activities provide many modern methods of replenishing a player’s account balance as well as withdrawing winnings. Current banking options are fast, easy to use, and secured with the latest 128-bit digital encryption SSL technology. So today, nothing can stop you from playing free blackjack in online casino, winning in poker, spinning the roulette, enjoying slots, and more!

Online casino payment systems can display the time it takes to make a deposit and withdrawal. Besides, deposit and withdrawal methods may vary depending on the player’s country of residence. Some payment methods are available and convenient for players from any part of the world, while others focus on users from certain countries and regions.

For beginners, an easy and safe way is to use credit or debit cards, while more advanced players often prefer e-wallets such as Neteller or Skrill to make online casino transactions.

In this article, we have compiled a list of the most diverse payment methods on today’s gambling platforms. Here you’ll find descriptions of the most popular banking options most commonly found on online casino sites. So keep reading and see a detailed overview of each deposit and withdrawal method available at the modern online casino sites.

Credit Cards

You can visit the websites of many online casinos and see that they all accept credit card payments because credit cards are widespread and actively used online, both on gambling websites and on many other platforms. It is easily explained by the fact that they are user-friendly and allow you not to worry about the security of the transactions, as the process of crediting money is straightforward and uncomplicated, so there is no need for complex explanations.

Visa and MasterCard are welcomed anytime and anywhere, while American Express cards cannot join them without prior approval. Moreover, under the second payment services directive, companies cannot make surcharges on payments processed via debit and credit cards, including American Express and its associated PayPal and ApplePay. Now you can see why bank cards are the preferred means of payment for casino players.

To find out which payment methods can be used in a particular online casino, just look at the casino menu on the homepage and find the appropriate section about payments. You can also scroll down and see a list of available payment systems logos. At the very least, you can visit the “Terms and Conditions” section, which will definitely have all the information you need regarding the casino.

Visa Card

Visa was the first provider that managed to make online shopping accessible to the public, and that is why the company is still the leader in the online industry. VisaNet service offers fast and reliable payments. Visa analyzes more than 500 different variables before a transaction to identify possible fraudulent activities. If you prefer to pay with credit cards, Visa will be one of the best choices.

MasterCard

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MasterCard is also considered one of the most reliable and secure deposit and withdrawal methods for your gaming account. If you choose to use Visa’s biggest rival, you can enjoy lightning-fast transactions and low restrictions. The company uses the latest technology that ensures the safety, speed, and security of payments for all parties involved in this process. A unique six-step technology instantly connects the merchant with the cardholder, and therefore payments are made in the shortest possible time.

American Express

American Express is the most common payment method in the U.S. At the same time, this platform is not very popular in other countries where most gaming operators are located – this is the main reason why not so many people use American Express. It may also be justified by severe and not fully understood restrictions imposed on card games in the United States. Nevertheless, American Express has the same features as the credit cards mentioned above and will be an equally excellent choice for online casino gambling.

Debit or Prepaid Card

If you’re wary or, for some reason, don’t want to use your credit card, you still have another convenient option. You can use a debit or prepaid card to fund your online casino account. This payment method is not inferior to credit card payment in terms of speed, simplicity, or clarity of the process itself, and a unique pin code is used to increase the level of security.

Essentially, prepaid cards are very similar to credit cards, but their funds are always limited to a certain amount based on your initial deposit. Once that amount is spent, you will no longer be able to conduct transactions, which means you limit your spending. Virtual prepaid cards are widespread in online gambling and will be a safe alternative to credit cards.

Discover popular prepaid cards such as: 

• Visa Prepaid Card
• American Express Prepaid Card
• Play+ Prepaid Card
• Neteller Prepaid Card
• Skrill Prepaid Card
• Neosurf Prepaid Card
• Flexepin Voucher
• OneVanilla Prepaid Card

Another advantage of using prepaid cards is anonymity. If you do not want your personal information to be revealed, just hide it. But remember that you will have to resort to a different payment method to withdraw your winnings.

Electronic Wallets

E-wallets are gaining popularity each day, becoming a decent alternative to credit cards, providing the same level of security and convenience. With an e-wallet, you can also easily control your funds at online casinos. They are prevalent among players, and online casino users are often given bonuses for using them. If you use an e-wallet, its information is stored on the server and always remains available.

This method is incredibly convenient if you have already transferred funds to your account. Then you just have to choose a payment method and a card from which you want to withdraw funds. Another advantage of this payment method is the quick processing of requests. Replenishing a deposit via credit card or e-wallet is almost instantaneous, while the withdrawal of funds in the first case takes from 1 to 5 business days; in the second case, it takes only 12-48 hours.

Let’s look at the most popular e-wallets that can be used to play at online casinos.

PayPal

PayPal is one of the easiest means of making online payments. For 15 years, ever since eBay bought the company from Elon Musk, PayPal has been the number one choice among online casino visitors. In addition, the platform provides users with various benefits, from non-disclosure of personal information to a money-back guarantee from many online stores.

Depositing funds through PayPal is a simple and affordable process. You choose the “deposit funds” option in your online casino account, go to the PayPal website, log in and confirm the payment. However, keep in mind that it may take up to 3 days to connect your card to your PayPal account.

Neteller

This Canadian e-wallet has been validated in 200 countries but is the most popular among British gaming operators. Neteller and gambling have gone hand in hand for many years now. However, after the company was forced to pay hundreds of thousands of dollars to conduct more than 80% of all gaming transactions in the U.S., it decided to move its headquarters to the Isle of Man. As a result, Neteller’s activity was temporarily stalled, but it did not prevent the company from remaining one of the best payment systems in the gambling industry.

Before you fund your balance, you need to ensure that you have enough funds in your Neteller account. Immediately after that, you can start enjoying the low deposit limits. By the way, some casinos have removed such restrictions altogether.

Skrill

Skrill, also known as Moneybookers, has been a significant competitor to Neteller for many years since it debuted in the gambling industry in 2001. This platform has been approved by most U.K. operators and many other international gaming sites, regardless of whether they support e-wallets or not.

The service has been licensed by the U.K. Financial Services Authority. Skrill provides security and convenience for transactions while offering low limits. To make a payment through this platform, you must have a registered account or a Skrill prepaid card. Deposits are made instantly, and withdrawals take up to 24 hours. Among the few disadvantages of the Skrill platform is the insufficient number of available languages and the lack of any dispute resolution system.

Cryptocurrency Payments

Bitcoin and other cryptocurrencies have become a convenient and modern payment method at online casinos and have gained massive popularity among players in just a few years. In some casinos, bitcoins and altcoins can be used as a payment method and as the account currency instead of USD or EUR.

Security, decentralization, and anonymity are the main principles upon which Bitcoin was created to the liking of many online casino players.

The most popular cryptocurrencies are:

• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Litecoin (LTC)
• Tether (USDT)
• Dogecoin (DOGE)
• Dash (DASH)
• Monero (XMR)

Bitcoin and other cryptocurrencies are stored in special crypto-wallets, which are similar to electronic wallets designed for the virtual storage of money in traditional currencies. The number of cryptocurrency wallets is also plentiful, so choose according to your taste.

The most popular cryptocurrency wallets:

• Blockchain
• Coinbase
• Electrum
• Paxful
• Mycelium
• Guarda
• Coinfy

To make a cryptocurrency deposit follow the steps below:

1. Deposit your bitcoin/altcoin wallet balance by visiting any cryptocurrency trading platform.
2. Choose the casino you like, sign up for it and select the necessary cryptocurrency as the account currency. Alternatively, after choosing the traditional currency that suits you during the registration process, go to the payment methods page and select cryptocurrency as your payment method.
3. Most sites will provide you with a Bitcoin address, which you can copy into your wallet to make the transaction. Using a mobile phone, you may prefer to use the Q.R. code provided by the online casino, which you can also scan to complete the transaction.
4. If necessary, specify the online casino details as the recipient and click “Send.” That’s it, you can enjoy your favorite online casino games.

Mobile Payments

At the moment, there are several ways to make a payment via mobile devices. For example, almost all casinos and electronic wallets have their own applications that are comfortable to use. But now, you don’t even need credit cards or e-wallets to make a payment using your phone. All you need is your faithful servant – the mobile phone. You may see the “Pay via phone/Phone” option in some online casinos, among other possible payment methods. Select it, enter the amount you want to pay, and provide your phone number. Afterward, you’ll receive a confirmation text message, and your deposit will be instantly processed. This option is not yet too standard, but it is already available on Boku.

Although this service has undeniable advantages, such as anonymity and instant request processing, it also has certain disadvantages. For example, this platform has a relatively high limit on the amount to be deposited – 30 euros and, unfortunately, it does not support a withdrawal function.

Offline Payment Method

Playing at an online casino and depositing money offline may seem weird, but everyone is free to choose whatever they want. Casinos offer you a variety of options, and if you are bored with credit cards, e-wallets, and vouchers that don’t work beyond the online space, you can transfer money to your casino account in the usual old-fashioned way. All you have to do is go to the bank and transfer the required amount to your gaming account. It can be done by check, Western Union, or Moneygram.

The only disadvantage of this payment option is that you have to go to the bank and waste your time. Before you send money to the casino, make sure it’s reliable and trustworthy, then hand the finances to the cashier at the bank, go home and get ready to wait. One of the main challenges with banks is that it takes them much longer to approve a transaction than it does with online operators. Bank deposits and withdrawals are made within 2 to 10 business days, but the approval process for a check can take from 5 to 28 days.

Conclusion

Conducting online transactions is essentially hassle-free. Especially nowadays, you can choose from a variety of payment options available. For peace of mind, check if the casino provides SSL encryption that ensures secure transactions and protects you from scammers and whether it has a reliable license. Feel free to choose between credit cards, vouchers, and e-wallets with minimal fees and anonymous features.

Remember about security! Don’t share your data with other people, sign out from your account as soon as you finish the play, and get used to entering passwords yourself without using the automatic saving function in your browser. Keep in mind that you should completely control your capital and spending. If you are prone to compulsive betting and gambling, use the restriction features provided by most casinos. Also, try to choose a payment method that will not allow you to spend more than you can afford because gambling is meant to be fun and should not lead to financial difficulties.

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