The Top Payment Methods in Online Casino Real Money
Here you will find top payment methods in online casino. Want to play in an online casino for real money? Well, the first step is to choose your preferred payment method.
The world of casino games comprises adrenaline rush and great opportunities that can change your life forever. However, you can only enjoy this when you play for real money. These days the online casinos offer a wide range of payment options.
So, before you plunge into the entertainment industry, you need to check if the platform you are choosing offers the payment method you want to use.
Making a payment to a gambling site is easy and fast if you know how to do it and choose the right method. But choosing the right banking mode can be overwhelming. So, this guide will take you through some of the most popular methods to deposit and withdraw in an online casino.
Without wasting much time, let’s dive in.
Types of Payment Methods Available in Online Casinos
There are different methods to choose from in an online casino. Each comes with its own pros and cons. Let’s take a look at each of them.
Credit and Debit Cards
It is one of the most common forms of payment. If you have to pay online, you can use a debit or credit card. Often, these are provided to you by banks where you have an account. However, it can come from any payment providers.
The types of debit and credit cards you will find are Visa, MasterCard, or Maestro.
- It is the most widely used payment mode.
- Almost everyone uses it.
- Ensures instant deposit.
- Some bank cards do not allow transactions at online casinos.
- A few might levy a small fee.
eWallets are one of the most trusted methods of payment in an online casino. You can fund the eWallet using your debit or credit card. One of the primary benefits of this method is it is safe and secure. Also, with this, you can enjoy fast deposits and withdrawals.
There is a wide range of eWallets to choose from. Some of the eWallets you will find in an online casino are,
With eWallets, it is easier to maintain a record of your transactions.
- Almost all casinos accept one or more eWallet.
- Comes with extra safety.
- Enables instant deposit.
- Some might charge you fees for adding money to the wallet.
Internet banking is when you make a wire transfer to the online casino from the bank. Usually, the bank has online services available on the website for doing this. However, in this case, it might take some time before the money is deposited into the casino account.
- Available in almost all casinos.
- Might come with a high cost for every transfer.
- It takes a minimum of 3 working days for the fund to arrive at the casino account.
With time, more and more casinos are accepting cryptocurrency as a payment method. So, soon all casinos are going to accept this payment method. However, when you are using cryptocurrency, you should keep in mind that its value is extremely volatile. The highs and lows of the market might act against you.
The most popular cryptocurrency coins to be found at an online casino are,
More are expected to be introduced in future.
- Easy to use.
- Secure payments.
- Value is extremely volatile.
- Not all casinos support the payment method.
Mobile Phone Bill Payment
This is one of the new methods that casinos are offering. Through this, you can make deposits through mobile phone bills. It is one of the easiest ways to facilitate a casino deposit. In this, the payment that you make is added to your mobile phone bill. However, you will not be able to use this method for withdrawal.
Some of the top mobile phone bill payment methods you will find at an online casino are,
- Easy to use.
- Enables fast deposit.
- No transactions fees.
- Doesn’t allow you to make withdrawals.
- There is a limitation on the transfer amount.
- Not all casinos support this payment mode.
How to Deposit at an Online Casino?
Every gambling site comes with its own deposit process. Nevertheless, the basic steps are the same. So, let’s take a look at the process.
Your first step is to create an account. For this, you first have to choose your preferred site. When you find one, go over to the ‘Sign-Up’ option and fill up the details.
Verify Your Account
Make sure that you confirm the email address and include your documents to verify the identity and address.
Choose the Deposit Method
Go to the ‘Cashier’ or ‘Banking’ section to choose the deposit method you would like to use. In certain cases, you might be redirected to a 3rd-party payment page, in case you deposit through online banking.
Insert the Sum of Money You Would Like to Deposit
Now, it is time to enter the sum of money that you would like to deposit and confirm the transaction.
Based on the banking model you choose, the amount will either be credited instantly or will take a few hours. However, if you choose bank transfers, it might even take a few working days.
How to Withdraw Money at an Online Casino?
Like deposits, every casino has its own deposit procedure based on the withdrawal method you choose. A majority of gambling sites do not release the funds instantly. They have to run some additional checks to make sure that the money has been won fairly and there wasn’t any fraud involved.
Your withdrawal request might be processed somewhere between 24 hours and 3 working days.
Here is the process to make a withdrawal.
- Log in to the casino account.
- Go over to the ‘Cashier’ or ‘Banking’ section.
- Choose the payment method you would like to use.
- Enter the withdrawal amount and confirm the transaction.
Remember, some casinos will only allow you to withdraw money using the same payment method that you used for making deposits. They might ask you to follow some measures for security purposes. The withdrawing time primarily depends on the method you choose and if the casino such as TrueFlip Casino, approves the request. The withdrawal time ranges from 24 hours to 72 hours on average.
How to Choose the Best Deposit and Withdrawal Method in an Online Casino?
Choosing the right payment method for making online deposits and withdrawal makes your gambling experience smoother. There are some factors that you need to check when you choose a deposit method to fund the casino wallet.
- The payment method you choose needs to be a trusted one and should also be secure.
- Look for a payment method that will allow you to make casino-related transactions.
- Make sure that you look for hidden fees. There are some payment methods that will charge a certain fee for casino-related services.
- The casino where you want to play accepts the method that you are choosing.
- The payment method that you are choosing should match your gaming style. Thus, if you are playing a fast-paced game, you need to make sure that you have chosen a fast-paced banking method like e-wallet or cryptocurrency.
What are the Payment Fees and Limits?
The payment methods, as well as the casino, have their own limits and fees for making transactions at an online casino. Let’s take a look at these in detail.
The casino might levy an extra charge to the deposit and withdrawal you make. However, even the payment method you choose might charge you a small amount of fee. So, make sure that you check them before using them.
The payment processors might set a minimum and maximum threshold. Generally, the bank cards come with the highest deposit and withdrawal limit. However, prepaid vouchers are generally limited to a fixed sum.
However, most of the time, casino deposits are free. But before you make a deposit, it is better to check with customer support.
Withdrawals might come with some fees. This is added either by the gambling or the payment processors.
Which are the Most Trusted Payment Options Across the World?
Casino payment methods have evolved with time. They have improved so much that people’s confidence in them has only increased. At the very beginning of online gambling, the widely available and trusted casino deposit methods were a credit card. However, now, things have changed.
Here are the most trusted payment methods of an online casino.
Bank cards are largely popular and are taken to be the go-to solution for a majority of gamblers in 2021. This shows that some classics cannot be outdated.
The two main card issuers that are accepted across the world are MasterCard and Visa. Another well-known card issue, particularly among US users is American Express. Maestro is a widely accepted option among European customers.
This is one of the most trusted e-wallet methods at present. It has more than 305 million users. PayPal top security measures make it the best casino payment methods for punters. The growing number of PayPal casinos is proof of this.
Anyone will be able to create a PayPal account using the email address and then link the bank account. As PayPal is the intermediary, the banking data will not be shared with the gambling site.
Formerly Moneybookers, Skrill is one of the oldest digital money services around. It was launched in 2001 and has 32 million users. What’s great about this payment method is it encrypts personal data and doesn’t share it with Skrill casinos.
Players are attracted to this payment method as it provides instant transactions. With this, you can make sensitive transactions that conventional banks often block. This is the reason why Skrill casinos like Admiral Casino are becoming so popular.
Another go-to e-wallet for casino players is Neteller. It is available in more than 200 countries. It is popular for its safety and speedy transactions. Neteller uses one of the most advanced data security protocols that are available. So, this payment method can be said to be well-rounded. It can be used for mobile payment, instant casino deposits, and peer-to-peer transactions.
You just have to enter a unique identification code and ID. Thus, Neteller casino is an enticing option for punters due to their ease of use.
The Swedish payment mode aims to work on the slowness problem of conventional banking by providing instant bank transfers. You just have to connect the online banking account and allow Trustly to manage the transaction. The service is available for European and US customers alike.
Boku provides one of the strongest mobile payment platforms to people. There is no need to enter the bank details for making the deposit. You just have to use your phone number. What’s great is the method is compatible with all mobile devices, such as tablets and smartphones.
This payment method is available across the world. You can use it to buy goods or services. It facilitates online transactions. Also, it is one of the most popular prepaid options for making online casino transactions.
The Paysafecard is available at the different sales points. For making the payment at an online casino, you just have to use the 16-digit code on the card. With this, you do not have to worry about revealing your banking or personal data. Hence, it is an excellent option for players who value privacy.
Top Payment Methods in Online Casino Final Words
Payments at an online casino are because of the strict regulation put forward by the licensing bodies. However, you need to make sure that the payment method and the casino you have chosen is both safe and secure. You can also use a separate deposit and withdrawal method.
But before you do that you need to ensure that the gambling site that you have chosen allows that. All in all, it is clear that casinos these days offer a wide range of options for you to choose from.
Thank you for reading!