Casino Payment Methods

Moving money with ease, comfort and, in particular, safety is a key factor in enjoying online gambling. You want to easily upload funds to your favourite pages, move your winnings anywhere you want or access your account balance 24/7.

Depending on your preferences, the quality of the payment providers varies, but many online casinos now offer a wide range of fast, safe and easy-to-use payment methods (and withdrawal options).

Let’s take you through some common online gambling payment methods.

Casino Deposit Types

Check out the full list of online casino deposit payment methods:

Credit and Debit Cards

These are the cards you use for your day-to-day finances and the online casino payment process is close to online shopping for information.

Many casinos are happy to accept them, but processing fees vary, some may gratuitously require you to deposit or withdraw-some might not.

Commonly accepted cards include:

  • VISA
  • VISA Electron
  • MasterCard
  • Maestro
  • American Express
  • Discover

Digital Wallets

Digital wallets are ideal for online gambling (sometimes called e-wallets). They are approved by many Betting sites and casinos.

They let you move money from your wallet to your preferred gambling website, quickly and easily. Your financial details are covered because only your digital wallet is used by the online gambling provider, not your bank / card details.

It works like this: open a wallet and connect your cards, bank accounts or alternative payment information Transfer funds into the wallet Transfer funds from the wallet to the gambling site Retrieve winnings back into the wallet and transfer them using the wallet or send them back to your card or bank. Funds pass immediately, and no expense is incurred several times.

The wallet provider charges when you upload or withdraw funds even though there are a number of free upload options, usually free online banking or debit card. On removal from a wallet, there is almost always a fee.

Wallets include protection and flexibility, speed and convenience-not to type long credit card numbers. They also look for alternative forms of payment such that people who do not have access to conventional products such as big-name banks and credit cards can still load funds into their wallet with other ways to use with top online bookmakers.

Skrill, NETELLER and Paysafecard are the big three, and one company (Paysafe) now owns these three.

PayPal is also an option although its gambling coverage is much smaller than the three above. WebMoney and the EcoPayz are popular options as well.

Prepaid Cards and Instant

Payment Systems Prepaid cards act like a debit card, but rather than withdrawing funds from an account or lending facility, they need to be replaced with cash before you spend.

It makes it easier to monitor the spending and keep track of it. You reduce debt by being able to spend just what you are loading onto the card.

Many of them are actual cards, some are virtual; that is, you have the numbers you need to enter to’ pay by card,’ but no actual card. Instant transfers.

Fees differ by company and can be applied as a percentage or flat fee to account deposits or transactions. Online casinos, however, do not charge you to deposit with a prepaid card, including the ones mentioned below: Paysafecard (owner and operator of the former UKash service) EntroPay Instant payment systems act as a’ middle man’ between your bank and the online casino. You may want to keep your banking separate from playing games, and these services will help you do that.

Instant payment services allow you to make deposits online and pay retailers using a login and password to make your payments using funds from your bank account. Transactions usually are instantaneous. Most are free to use but a minor transaction charge applies to others.

Online casinos that don’t charge you for instant payment service deposit include: ClickandBuy Click2Pay iDebit (formerly Instadebit).

Direct Bank Transfers to Your Account

Bank Transfers entail moving funds directly from your bank account to your online casino with no intermediaries involved.

Since this is a straight forward move, there are generally no fees.

Bank Wire Use the account information of the online casino to move funds either in a branch or through online banking; the time of clearance on your funds can differ.

Instant Money Transfer Includes even using bank information to transfer cash in a branch or via online banking, but the switch is instantaneous.

Innovative Solutions for Casino Depositing 2020

There are a few interesting solutions, in addition to conventional approaches. Online casino players are not only turning to Bitcoin as a payment source, but players have also turned to their identity protection cell phone bills.

Pay by Mobile Bill

It is where you use your phone to make deposits and your cell phone bill is added to the price. So, your mobile bill shows the casino fee.

Just choose the pay-by-phone option and make your deposit, you just need a phone and a casino account with an operator that provides the service.

The sum you want to deposit will be added to your phone bill or your pay-as-you-go credit will be taken out. Simple, efficient and safe, get more details about paying by phone.

Bitcoin Payments

Bitcoin is a digital currency which is rising worldwide in popularity. Bitcoin can be used electronically to pay for the products. The main aspect of Bitcoin is that it’s decentralised.

Bitcoin network is not operated by any single entity. Since there’s no central administrator when sending bitcoin to other users, users don’t need to reveal themselves, so they have some degree of privacy.

You should expect online casino operators to be interested in allowing their clients to use this digital currency to make payments.

Some online casinos revolve entirely around bitcoin payments, because of the privacy involved in bitcoin payment, these bitcoin gambling sites are becoming popular.

All Payment Types

Check out the full list of payment types across slots, casino, betting and bingo.