Casino payment methods are extremely important when playing at a casino, and it is important to be comfortable with the payment method you have chosen. For many regular gamblers, the transition from using a land-based casino to an online platform can be quite a daunting one. In a land-based casino, players can hand over the cash personally, and count the chips to ensure all is in order. But online it’s different. Will the deposit go into the right account and more importantly, will the winnings actually be paid out? These all-important questions can make or break a casino experience, which is why it’s so important to find the right payment option and a casino that offers it. In order to help you out, we have compiled a detailed list outlining all the most popular banking methods for casinos, how they work and which ones offer the highest security levels.
Nowadays, many casino sites offer bonuses and free spins when joining and using a specific payment method, therefore, it is beneficial that you search of the right casino site for you. There are a number of methods that one can use including the most popular methods being Bitcoin and E-wallets. Each payment method has benefits and downfalls, depending on what your main priorities are. The overall process is easy and with our guide, we will help you choose the right payment method for you. Once you find out which suits your needs, you are ready to start you gambling experience!
Quick Casino Payment Method Guide
To be able to play at a casino, most of the time you need to deposit using one of the many casino payment methods available.
You can deposit and withdraw money by using one of the following, credit card, e-wallet, bank transfer, cryptocurrency and bankwire.
You might not be allowed to withdraw your winnings with the same payment options.
Always check the Terms and Conditions of the offered casino payments.
Online Banking and Trust
For years, online banking was viewed with suspicion simply because it was deemed unsafe. Nowadays, we have all come to recognise that not only is it safe and secure, but it’s actually the quickest, easiest and most trustworthy way to transfer funds from one place to another. Of course, this is due to the huge leaps forward we have enjoyed in technology and the fact that the number of options is much greater than it was a mere ten years ago.
Types of Casino Payment Methods
There are numerous casino payment methods that players can use. In this following section, we’ll outline the most popular, giving information on their security levels as well as detailing any pros and cons they might have.
Debit and Credit Cards
This is known as being the easiest and most reputed away of transferring your money. Almost all casinos accept this method due to being safe and secure. The most well known types of debit and credit cards include Visa, MasterCard and American Express. These payment methods are available virtually at every new casino, making them highly accessible. Players using this payment method almost never have deposit payments declined.However, the big downside here is that many casinos won’t let players withdraw back to the card. In addition, most casinos will have fees attached to the transactions. When it comes to charges, you should not be charged when using a debit card but you may be charged between 0.8%-1.3% when using a credit card.
Deposits are easy
Most casinos won't impose any additional charges (check terms and conditions)
Payments are slower than E-Wallets
A number of casinos will not accept visa to withdraw
Visa must have been your method of deposit to use it for withdrawals
Less MasterCard casinos than Visa
Must have been the deposit method to withdraw
Takes a few days for your withdrawal to arrive in your account
Other debit/credit card casino payment options
When using American Express and other less-known credit cards, it is more likely that casinos reject the transaction. This might be due to strict legislations and restrictions. Therefore, if you want to pay by card, it is better to use Visa or MasterCard.
E-wallets are now the most popular method to use when paying online. There are numerous different providers available, with top options being PayPal, Neteller and Skrill, each with different pros and cons to their operations, but all secure. The great part about e-Wallets is that any card details are stored safely within the e-Wallet, even if you have multiple cards. Transactions with e-Wallets are fast, secure and usually fee free. If we’re honest here, you really cannot go wrong with either of them.
PayPal is the most popular and well-known e-wallet. Unfortunately, it only allows transactions from a few European countries including:
When playing at a PayPal casino, there is an internal policy whereby PayPal only partners with secure casinos, therefore, it is a sign of safety.
Withdrawals take less than 24hrs
Simple and easy to use
There are no fees to deposit money
You may incur a charge when withdrawing
You can withdraw with PayPal only if you deposited with it
There is commission on currencies through their exchange rates
Great online presence than PayPal
Most used casino payment method
Fast and safe payment option
Not US friendly
You will pay a fee unless you find commission-free casinos
Charge for currency commission is over 3%
Skrill is very similar when it comes to convenience and safety. It is widely accepted for both deposits and withdrawals. Unfortunately, it also comes with commission fees. These can be avoided by finding a commission free casino.
In the last few years, this form of payment has become slightly more popular as it offers a completely anonymous way to pay. Players can deposit or withdraw money in this fashion from casinos, potentially doubling real money as they do so. At the moment, only two cryptocurrencies, Bitcoin and Ethereum, are accepted at most casinos and those casinos are few and far between, and therein lies the big problem. These currencies are also highly volatile at the moment, meaning that one second they’re worth a lot, the next they plummet.
Safe security protocols and anonymity
Restricts your casino choice as not all casinos offer it
It is not government regulated as with real currencies
Pay by Phone
Pay by phone casinos are becoming ever more popular. Many casinos have completely embraced this option, though not all. There are a number of different options, and these include Zimpler and Boku. Both of which allow players to move their bankroll to their mobile phone credit.
Essentially, at the end of each month, what they owe is paid through their mobile phone bill. The downside is that withdrawals can’t be made in this fashion.
For players who are still dubious about the benefits of online payments, most casinos still have an offline option available. These come in the form of bank wire transfers, eChecks and even Western Union.
However, these options do mean having to go into a bank to move the funds, and there can be foul play by using an intermediate route so we recommend making note of all the details of the transaction. The biggest problem here though, is that it simply takes time and it would actually be cheaper and safer to use online payment methods.
Choose The Best Payment Method For You | Our Advice
When it comes to online casino payment options, there are plenty to go around. As we have noted, some are more available than others, some offer higher levels of security and still others can be used to move larger payments. Unfortunately, those within the US are more restricted due to the legislation. Whatever your preference, all of the aforementioned are safe, fast and simple to use, providing the ultimate online gaming experience.
Keep in mind:
💰 E-Wallets are the east, most convenient, safe and fast payout option.
💰 Always pick a payment option that you feel comfortable using.
💰 Read the T&Cs and take not of all commission payments and rates as well as licences before deciding where to put your money at and play.
Casino Payment Methods FAQ 2021
💡 What deposit methods are available?
A number of casino payment methods are available for you to choose which you want to opt to use to make a deposit. The quickest and easiest ones include credit/debit cards, e-wallets, offline payment methods and cryptocurrencies.
💡 What withdrawal methods are available?
These tend to vary. You will notice that there are fewer withdrawal options in comparison to deposit options. Therefore, we recommend to do some research before you select a payment option to transfer your money.
💡 Are casino withdrawal methods the same as the deposit methods?
The withdrawal methods tend to differ, depending on which casino you play. Therefore, you should always take a look at a casino’s withdrawal page before signing up. You can do this to avoid disappointment of your preferred method not being listed.
💡 Can I track previous deposits and withdrawals?
You can track your deposits and withdrawals by checking the bank statements and by checking your casino account’s history. Here you will find how much you have transferred to and from the account by using which particular method.
💡 Are there any withdrawal limits?
This limit is held on the amount that a player can withdraw during a set period of time. Some might put a limit on the amount that can be withdrawn per week. As an example, if you win €1,000 and the limit is €500 per week, it will take you 2 weeks to withdraw all your money. It is important that you always read through the casino’s withdrawal conditions.
💡 Which casino instant withdrawal methods are recommended?
If offered by the chosen casino, MrCasinova recommends using e-wallets and credit/debit cards for withdrawals. Such examples include PayPal, Neteller, Skrill, Visa, Mastercard and Amex.
With years of experience in the gambling industry, Sarah is knowledgeable in the field of the casino world. She is responsible for most of the content that is written on MrCasinova and her main goal is to provide casino players with the best information and recommendations to help users enhance their experience. Recently, Sarah graduated with a Professional Diploma in Digital Marketing.
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