Top Casino Payment Options
Being able to deposit and withdraw money from your casino account is an important feature for most players. While there are numerous deposit and withdrawal methods available online, not all are made equal. Some support deposits only, while others allow you to make withdrawals to your original deposit method. Note that some online casinos also charge a nominal fee for depositing funds, although this is not the norm.
Credit and Debit Cards
Credit and debit cards are some of the most popular payment methods used at online casinos. Major processors like MasterCard, Visa, and American Express have dominated the online market due to their unsurpassed security, established reputation, and ease of use.
Almost all online casinos globally accept credit cards from leading credit cards companies like Visa and MasterCard. Most also accept debit cards from leading brands such as Visa Electron, Switch, Visa Debit, Maestro, and Laser.
Prepaid Cards
For players who do not wish to use their personal credit or debit cards online, prepaid cards are an excellent alternative. You can purchase prepaid cards online or at most major retail and convenience stores. Prepaid cards look similar to credit cards, but there is no credit involved. Instead, you load funds onto the card and use the balance to make purchases. There are three primary types of prepaid cards: reloadable, disposable, and virtual cards.
Some of the most popular prepaid cards accepted at online casinos include:
- Paysafecard
- Visa
- Neosurf
- EntroPay
- Entropay
- Vanilla Prepaid (Canada)
- Bancontact (Belgium)
- Postepay (Italy)
E-Wallets
A digital wallet, or e-wallet for short, is an online service that allows players to make electronic transactions using a computer or smartphone. Not only do e-wallets help make transactions more secure, but they also reduce the risk of fraud and work at the same speed as other top payment methods like credit and debit cards.
There are numerous types of e-wallets available. Some of the most popular include:
Bank Transfers
Some players prefer to transfer funds directly from their bank account into their casino account. Bank transfers can be a convenient option if you are depositing or withdrawing a large amount of money. Many online casinos support bank transfers, which may be presented as other names like ACH, wire transfer, bank wire, or direct bank transfer, among others. Different financial institutions use various systems to wire funds, and depending on the type of transfer, you can expect the transaction to take varying amounts of time to complete.
The most common bank transfer services offered at online casinos include:
- InstaDebit
- eCheck
- Wire Transfer
- iDeal
- Interac online (Canada)
- E-Transfer (Canada)
- iDebit (Canada)
Checks
While checks are certainly not the fastest way to load your online casino account, it is an option for players that prefer this traditional payment method. Checks allow players to completely bypass online payment methods like credit cards and e-wallets and instead send a paper check to the casino business via mail. Each check is assigned a monetary value by the owner of the checkbook.
When the check is processed by the casino, funds are withdrawn from the player’s bank account to fund their casino account. On average, a check will take about 3 to 6 business days to be cleared. If you don’t mind waiting to play, checks can certainly have advantages. They are a simple payment method that is widely accepted around the world. They are also great for making large deposits.
Cryptocurrencies
Bitcoin casinos are becoming more common on the web due to their high level of security. These types of cryptocurrencies are popular as the transactions can be instant and offer exclusive privacy to players. Although others exist, Bitcoin and Litecoin are two of the most commonly used payment methods at online casinos.
Mobile Payments
If you enjoy playing your favorite casino games on your smartphone or tablet, you may find several payment options that are mobile-friendly. Zimpler is one of the most popular mobile payment options for online casinos. This Swedish mobile payment option can be used directly on your device to transfer funds.
Another option is Boku. This payment method does not require credit or debit cards or e-wallets. PayForIt is another mobile casino payment method that can be used for deposits. With this method, you can make fast and easy payments through your phone bill.
Choosing a Payment Method
There are a lot of variables when it comes to online payment methods. Some online casinos are fast, some are slow, some are free, and others come with fees. Knowing your options is important to ensure that you choose a payment method that suits your preferences. Most importantly of all, you want to choose a payment method that is trusted and secure.
E-wallets tend to be one of the fastest payment methods available at online casinos. The transactions are usually instant, allowing players to transfer money to their casino account in a matter of minutes so that they can start playing immediately. As not everyone owns a credit card or wants to share their personal banking details, e-wallets can be a safe and popular alternative.
Winnings from online casinos are generally paid back to the method by that you deposited your funds. However, this is not always the case. For example, if you use a credit card, you may be required to use an alternative payment method if the amount exceeds the original deposit amount. Debit cards and e-wallets are the most popular withdrawal options for online casino players.
Some online casinos and payment services have certain rules and regulations in place that limit how much you can deposit or withdraw. In addition, you may be required to deposit a certain amount into your casino account. Keep this in mind, as this can affect how much you will need to spend to fund your account and how fast you can receive your winnings once you’re ready to cash out.
Due to the vast amount of payment methods available, there is certainly a payment method for everyone. These safe, secure, and convenient payment methods make playing at online casinos fast and simple. If you run into any problems while depositing or withdrawing money from your casino account, contact the online casino, and a customer support representative will likely be able to remedy the issue.
Casino Payment Methods FAQ
Which is the best method to deposit/withdraw?
This comes down to what you prefer to use. Many like to use credit/debit cards because of their convenience and ease of use, while others dislike sharing their personal information with the casinos and instead like to use popular eWallets such as Neteller, Skrill, and MuchBetter. Other options include bank transfers, prepaid systems such as Paysafecard and Neosurf, and cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Ripple.
Can I always withdraw after depositing at an online casino?
Mostly, yes. Though this depends on the casino and any terms and conditions, it may have in place. Some may require you to wager your deposit an X number of times before you can make a withdrawal request. This is certainly the case when claiming bonuses. To protect against bonus abuse, a casino may require you to wager your bonus (and/or deposit) a certain number of times before you can withdraw.
How long does it take to withdraw my winnings?
This will differ from casino to casino. Most will take a day or two to process your withdrawal request, and then you have to wait for the payment method you used to complete the transaction. Bank cards might take a few banking days, while eWallets and cryptocurrencies only take a few minutes. Withdrawals using bank transfers are the slowest and could take up to 10 banking days.
Can I deposit with one payment method and withdraw with another one?
Sometimes, but this depends on the casino. Most will want you to withdraw using a payment method you have previously used when making a deposit. Make sure you read the terms and conditions to establish this before making a deposit. If the deposit option you used is not available as a withdrawal option, you can often use a bank transfer to cash out.
Are crypto payments accepted by casinos online?
Yes, but not at all. An increasing number of online casinos now accept cryptocurrencies for deposits and withdrawals. Some are crypto-only, while others also let you deposit using fiat currencies via credit/debit cards, eWallets, and bank transfers.
