Best Casino Banking MethodsWhen online casinos began, players could only use bank cards and direct bank transfers. With the advancements in technology, various online casino payment methods are now available to players. Although debit and credit cards remain popular, there are many alternative payment methods that players prefer today. For instance, Interac, MuchBetter, iDebit, Paysafecard and even cryptocurrencies are now available as casino banking methods. Here we’ll go through everything you need to know about online payment methods and which sites have the best online casino payment methods.
Credit, Debit & Prepaid Cards
Credit Cards are the most popular method used by casino players. Nowadays, you get rewards, secured credit cards, low-interest credit cards, and cashback credit cards. Mastercard and Visa are the most widely used, but some sites accept AMEX and Discover.
You can use your debit card to make secure online payments. It’s very convenient, and unlike credit cards, there are no additional bank interest rates associated when you use these cards. The most preferred methods are Visa, Discover, AMEX, and Mastercard.
Visa is widely available and well known and, most the widely used credit or debit card for usage at online casinos. Visa is also the most widely accepted payment option.
Most if not all online casinos allow you to deposit money to your account using a Mastercard. For online casino deposits, Mastercard credit cards are easy, quick, and secure to use.
In the UK and other parts of Europe, PaySafe Card is a popular prepaid card option that may be used to make deposits at online casinos.
American Express is arguably the most trusted card in the world. With this payment method come higher limits and safe and secure transactions. AMEX has also improved their product throughout the years, making deposits easier.
There are a multitude of e-wallets to choose from. Over the years, this type of payment method has grown in popularity since it’s outperforming transfers with regular bank cards when it comes to withdrawing back to your e-wallet. Some of the most popular ones are PayPal, Interac, Skrill and MuchBetter.
This very safe payment option is accepted by most top online casinos. However most countries block this method and currently the UK is one of the few major jurisdictions accepting PayPal deposits.
Neteller together with Skrill are the most like e-wallets for deposits and cash outs at online casinos. Deposits are instant but withdrawals can take up to 5 business days.
Eco Card will be very familiar to European and Canadian Gamblers. This payment method allows you to deposit in a wide range of fiat currencies and deposits are easily made from you Eco Card account.
Another popular deposit method in Canada is EcoPayz. As with Eco Card you can easily make deposits with different currencies.
PayNearMe is a great alternative to Credit or Debit cards. You can fund your casino account with cash by simply going to your local convenient store.
Citadel is an e-wallet which also supports transactions directly from your bank account. It supports fast withdrawals and deposits are very safe.
Pay by phone
By just inputting your mobile number at a casino that accepts payments via phone bill, you may make deposits while safeguarding your financial information and getting to the gaming tables much faster.
eCheck is a prevalent method for many players. It’s straightforward and safe to use at top online casinos. Bank transfers are excellent for large online casino deposits. However, there may be a slight delay in funds being available.
Wire Transfers are the most accept payment method across online casinos. High rollers will often have to resort to this casino banking method since it supports the highest transaction limits for the lowest fees.
Canadian players can fund their casino accounts with the quick and secure InstaDebit deposit method. InstaDebit payments are now accepted by several online casinos in Canada.
Bitcoin is gaining in popularity as a digital currency that is accepted by many online casinos.
Ethereum offers anonymity and safety that other payment methods just can’t match.
Beginners Guide – How to make an Online Casino Deposit
It can be confusing making a payment at online casinos. However, don’t fret. Below is a complete step-by-step guide to making the process painless.
- Create an account and login
Creating an online casino account is simple. Choose your preferred site, click on ‘join’ or ‘register’ and follow the prompts.
- Go to the bank page of the site
Go to the banking or the cashier page. You’ll be directed there automatically after you’ve created your account. Don’t forget to opt-in for the Welcome Bonus!
- Select the deposit option
Choose your preferred deposit method from what’s available. You’ll more than likely need to confirm additional personal and financial information (KYC protocols) to complete the transaction. Follow the prompts.
- Verify that the payment is added to your balance
Your account balance should be updated immediately after every deposit. If for any reason you’ve waited more than 5 minutes, contact the online casino’s customer support and they will sort it out.
What To Look Out For When Choosing a Casino Banking Method
It’s crucial to check that the payment method you’ve chosen is accepted by the online casino you plan to play in. Secondly, verify if the payment method charges any fees. You should move on swiftly if a casino charges any fees and find another gambling site. Thirdly, establish how long the casino takes to process withdrawals. Anything longer than 48 hours should be a pass.
Quick Overview of Online Casino Deposit Methods