Casino Payment Methods You Can Use
Learning how to deposit and withdraw money from your casino account is probably the most important thing you need to do before signing up. Either you will want to withdraw your winnings or deposit money to keep playing. To be able to perform casino banking with minimal effort, learn about all the available casino payment methods first. In our online casino reviews, we will cover the relevant payment options, but here you will find more detailed information about the best casino payment methods out there.
Credit Cards, Debit Cards, and Prepaid Cards
Credit cards are the most straightforward way to conduct money transactions. Online casinos usually accept all the major credit card companies and debit cards, including Visa, MasterCard, American Express, Diners, etc. Anyone who has a credit card can enter his card number and deposit some cash. While depositing money takes mere moments, withdrawals require a processing time of 1 to 5 days.
If you don’t want to use your credit cards, with your personal information attached to it, you can use a prepaid card. They are still easy to use, without the need to go through a series of steps to make cash transfers.
Prepaid cards are anonymous, safe to use, and often enough – you don’t need to go through a verification process to issue such a card. Depositing cash while using prepaid cards is an instantaneous process. However, withdrawing money is not an option since those cards are not linked to your bank account whatsoever.
People have been using PayPal to purchase merchandise online for years and years, but not many online casinos accepted this type of payment method in the past. However, in recent years, the number of casinos that accept PayPal transactions keeps increasing. Using PayPal to deposit and withdraw cash from your casino account is much safer than using your credit card since PayPal uses the latest anti-fraud tech to protect your banking information.
Many casinos all around the world accept this payment method and depositing cash is a process that lasts a few minutes. However, to withdraw cash via PayPal, you have to wait a few business days before the money will be transferred to your account. If you run into problems of any kind, you can always contact the PayPal support team to help you resolve any issues.
Skrill, formerly known as Moneybookers, is also a popular transaction method in the online casino industry. Much like PayPal, Skrill allows you to transfer money to your casino account with little fuss and with maximum security. This e-wallet accepts over 40 currencies, which means that gamblers from all over the world can use it to make casino cash transfers. Although casinos won’t charge you a few when you use Skrill to deposit or withdraw cash, the e-wallet itself will charge you a small sum of money when you move funds to and fro your bank account. Just like in most cases, depositing cash via Skrill is a short process, but withdrawing your money might take up to 48 hours, depending on the casino itself.
Another popular payment option is Neosurf – a prepaid voucher you can use to deposit cash at every online casino. You can purchase the card in different stores and land-based establishment, getting a PIN code to use at the casino. That can provide you with the anonymity you seek, and it is available in 45 countries – including Australia, Canada, and more. However, this voucher doesn’t allow you to withdraw cash if you win while placing bets. But there is a quick and easy solution for you! The company has another product on offer, called MyNeosurf. It acts as most wallets, allowing you to make any kind of transition with minimal limitations.
Electronic Wallets – AKA E-Wallets
PayPal and Skrill are not the only e-wallets available online. In every country, there are different e-wallets available for locals, and although they have different names – the concept stays the same. By the way, if you happen to be from the Far East, then take a look at this Asian Casino Guide for further details. They allow you to make online money transactions and purchase items without directly using your personal banking info. So id you choose e-wallets, you can either use your computer or a mobile app to make those transactions, which means that you can conduct business even on the go. Electronic wallets are safe, and they allow gamblers to protect their personal information, which is why most casinos accept one type of e-wallet or another. Some of the most popular e-wallets are Neteller, Android Pay, Apple Pay, and more.
Direct Bank Money Transactions
Direct money transfers from your bank to your account are also known as wire transfers. The process is fast, as you don’t go through a third party to conduct the cash transactions. If you choose this payment option, make sure that the online casino accepts payments from a local bank. Otherwise, you will have to pay substantial conversion fees, in addition to complicating the process a bit. This is one of the most common methods you will be able to find at every local online casino.
Cryptocurrencies and Alternative Payment Methods
In recent years, online casino players have been looking for new ways to place bets anonymously. And once Bitcoin appeared on the market, those players got exactly what they were wishing for. Nowadays, modern casinos accept not only Bitcoin but other popular currencies like Litecoin, Ethereum, and more. But most importantly, those casinos sometimes offer Bitcoin-related promotions, making this method even more enticing.
So… Are You Ready to Place Teal Money Bets?
Any gambler who wants to join an online casino and play for real money has to choose a permanent payment method to deposit and withdraw cash. But before you put your own money on the line, make sure that the casino you’re about to join accepts your favourite payment option, and you will be able to gamble without a hitch.