Casino payment methods and options
Casino players have a choice for depositing and withdrawing into any online casino. The payment options and methods are also referred to as banking or simply deposit and cashout options. For regular players that know the ins and outs of online gambling, usually they gravitate towards an ewallet which can make things easier for making casino transactions.
Many of the biggest ewallets don't take US players and are really available more or less for the rest of world and where online gaming is regulated.
In order to start playing games at online casinos with real money, you will have to transfer funds to your account. Almost every online casino has a few different options when it comes to depositing methods. The same goes for their withdrawal methods. But, have you ever wondered which payment method is best for you? Do you think that some methods are more reliable than others?
To clear all the dilemmas, our team at Casino Bonuses Now has created a list of all popular payment methods used in modern online casinos. With the help of this list, you should be able to find the solution that suits your personal banking requirements and needs. Check our page dedicated to online casino payment methods and opt for the best option.
In the 1990s, online banking was considered to be something insecure because people were just starting with this activity, there were many scammers and poor protection of users.
Today, online banking is one of the most secure options you have and every transfer of funds from or to a website is secured with multiple layers of protection. So, if you are using a reliable casino site and a reliable payment method (like the ones reviewed and recommended on our website), you can rest assured that every transfer of funds will go smoothly.
With solutions like this, it’s much more convenient and secure to deposit or withdraw money over the internet than to go to a bank. Of course, some payment methods are more popular than the others, but on this page, you should be able to find all relevant payment methods used by modern online casino players. Now let’s analyze some of the most used payment solutions.
Debit cards and credit cards
According to many sources, debit cards and credit cards are still among the most used methods of payment on casino websites. This is quite logical because the vast majority of adults in almost every country in the world have at least one debit or credit card. There are many well-established cards of this kind that have a strong reputation.
This means that when people use these cards, they should not expect any problems in terms of safety. Some of the most used debit and credit cards available as payment methods in online casinos include MasterCard, Visa, Visa Electron, Maestro, and American Express.
In case a player decides to use one of these debit or credit cards, they will have to share card information with the casino. Once they complete the form and choose an amount of money to transfer, the funds should be available right away and you can start playing casino games with real money whenever you are ready.
The global phenomenon in the world of finance known as cryptocurrency has hit the online gambling market too. Cryptocurrency is accepted as a legitimate payment solution in many online casinos. As a matter of fact, there are many casinos that accept this payment method only. When an online casino accepts cryptocurrency that’s usually Bitcoin. Of course, there are many casino sites that accept other cryptocurrencies like Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.
There are many reasons why people would want to use cryptocurrency in situations like this. For example, payments that involve cryptocurrency guarantee anonymity and privacy, two things that are valued a lot by online casino players around the globe. In addition, the use of cryptocurrency usually vouches for fast transfers that are not burdened with fees.
The only thing that you should take into account when using this special type of currency is that it is volatile meaning that the value of any cryptocurrency can change rapidly. The good thing is that in most cases, the value of the most popular cryptocurrency usually goes up.
eWallets or e-wallets represent electronic wallets used by Internet users for fast and convenient money transfers. They are becoming more and more popular among casino players these days. What makes this payment method attractive is the fact that almost anyone can open an account and add a few of their credit or debit cards (and even cryptocurrency wallets) to the account. In this way, you can transfer money between different cards and wallets.
It turns out that online casinos love eWallets too because it’s quite difficult to find a casino site that doesn’t accept eWallets as a payment option these days. The number of eWallet solutions is growing, but this doesn’t mean that all of these solutions are attractive. There are a few of them that stand out and promise a perfect user experience. This means that you can expect the highest level of security, fast transfers, and low (or no) fees when you are using these eWallets.
The eWallets we’ve reviewed at Casino Bonuses Now are used in many online casinos. Some of these eWallets are used globally while others are created for players that come from specific regions or countries. Some examples of popular global eWallets include Skrill, Neteller, and PayPal. On the other hand, some of the most used region/country-specific eWallets include EUTeller and Qiwi.
If we take a closer look at the latest surveys, we will probably conclude that the world is going mobile. In other words, more and more people are using their mobile devices (smartphones and tablets) to access the Internet and that’s why so many casino sites have a responsive (mobile-friendly) design. Some of them have standalone mobile apps created for mobile users too.
To be honest, this is not a new technology, but it seems that some online casinos are still ignoring the needs of mobile users when it comes to payments. The good thing is that Casino Bonuses Now has identified the best online casinos that accept mobile payments and on top of that, we have reviewed these mobile payments in order to help you find the option for you. Payforit, Boku, and Zimpler are some of the most popular mobile payment options found on our list of payment methods.
Keep in mind that some of these options are available only to users that come from specific countries.
Offline payment methods
While it’s true that online payment methods are dominating the online casino market, it’s also true that offline payment methods are still available and used by many players. For some people, it might seem a little bit unreasonable to go to a land-based bank to transfer money to an online casino account when they can do this in the comfort of their homes, but other players prefer this method.
There is a wide range of offline payment methods available to online casino players including bank drafts, check and direct bank transfers. In some cases, people can also use Moneygram, Western Union, and other similar services. If you decide to use this kind of payment method, you should take a few things into account. First of all, you will have to wait for a longer period of time to complete the transfer.
Next, you might have to pay fees. Finally, you will have to check the info provided by the casino site at least two times before sending the funds because a simple error can make a big problem in cases like this. It doesn’t matter why you prefer offline payment methods over online payment methods because we have included some of the most used methods on our list. With its help, you can check the basic information about each of these methods.
Placing deposit vs withdrawals
When we talk about payment methods, we should also mention that these methods are used in two ways when you are playing casino games online. First of all, you have to place a deposit and have some money on your casino account to start playing. Next, you must pick a payment method when you want to get paid (in case you’ve earned money or you simply want to withdraw your funds).
The difference here is that in most cases, online casinos have more deposit methods compared to withdrawal methods. It seems that it’s easier for these sites to monitor withdrawals when there are fewer payment options. So, it’s a good idea to check both deposit and withdrawal methods at an online casino before you join a casino site.
This is another important issue that we have covered in our reviews. Namely, when you are using some of the payment methods available at an online casino, you probably want to get access to the funds you’ve transferred right away. Unfortunately, this doesn’t work that way, at least not every time. There is a processing time required to complete these transactions.
It’s good to point out that the situation is much better when it comes to deposits. You will find that in most online casinos, there’s no waiting time for deposits. In other words, once you provide info to the site and you confirm the transfer, you should be able to see the funds in your account right away (in a matter of seconds). This allows players to play their favorite casino games without any delays. But, the situation is usually a little bit different when it comes to withdrawals.
The processing time associated with withdrawals depends on the casino you’ve selected as well as the payment method you’ve chosen. The majority of casinos will process withdrawal requests in less than 48 hours regardless of the method of payment you’ve selected.
There are many casino sites that process eWallet requests in less than 24 hours or instantly, but they have longer processing times when it comes to credit/debit cards and bank transfers (usually between 3 and 5 business days). Remember that the processing time we are mentioning here is the time needed for the casino to release the funds. This means that you will have to wait for the service you’ve selected to process these funds too.
Regardless of the payment method you choose, there are no online casinos that will accept deposits and withdrawals without limits. There is always a minimum amount and a maximum amount of money you can deposit or withdraw. In most cases, the limits are a little bit higher when it comes to bank transfers. This applies both to the minimum and maximum amounts.
We should also mention that different online casinos have different policies when it comes to the number of withdrawals you can make on a monthly basis. Some of them set limits that allow players to withdraw money once a day or once a week. This is another thing that you should check before you join an online casino.
If you want to stay on the safe side and use an online casino that doesn’t charge high fees, you should visit their payment page and check the situation. Typically, reliable online casinos won’t charge you anything for placing deposits of initiating withdrawals. There are no hidden fees for their registered users.
However, there are situations when a certain percentage of the amount you are trying to deposit or withdraw is charged. This is usually something you can expect from credit/debit cards and direct bank transfers. In order to avoid any unpleasant situations, you should contact the site’s support and ask them whether they are charging fees for these transfers. Remember to mention the payment method you are interested in using.
Finally, we should mention that there are some online casinos that are promising bonuses for players that will place deposits with the help of specific payment methods. These methods usually include eWallets or cryptocurrency. There are a few reasons why some casino sites will provide offers like this. For example, some of these casino sites have exclusive deals with certain eWallet solutions like Skrill or Neteller and they are practically working as their affiliates.
They are getting paid to get clients that will use these services. In other cases, it’s more practical for some casino sites to accept specific methods of payment like cryptocurrency because they are making investments in cryptocurrency for example.
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