Online Casino Payment Methods
Online casinos allow casino fans from around the world to have fun playing different types of casino games. However, to play and win at real money casino games, players have to make casino deposit and later on choose a suitable withdrawal method to cash out their winnings. That is why they should learn more about the different types of online casino payment methods.
The banking options are very important factor to consider when choosing an online casino and players should stick to casino payment methods that are reputable, trustworthy and safe and have been used in the e-commerce sector for a long time. The most popular ones include well-known credit/debit cards, prepaid cards, bank transfers and e-wallets. Most of them are reliable options to make casino deposits and/or withdrawals and they are very simple and easy to use.
To help you make the right online casino choice and choose a safe method to transfer money, our team of experts has done the homework and listed the best online casino payment methods you can use at the top ranked online casinos. Continue reading to find out how they work and which method suits you the best.
CASINO BANKING OPTIONS
TABLE OF CONTENTS
CREDIT CARDS, DEBIT CARDS & PREPAID CARDS
Nowadays, almost everyone has a credit/debit card in their wallets. They are quite fast and simple to use at online casinos as both deposit and withdrawal methods and they are issued by major banks. Prepaid cards, on the other hand, are only used as deposit method and they can be purchased at many shops.
Credit Card Casinos
In spite of the emergence of useful e-wallets, Credit Cards remain one of the best payment methods in online casinos due to premium functionality they offer.
Accepted at virtually every online casino known to man, Visa card enables instant deposits and hassle-free withdrawals, processed in a secure environment.
Used by casino gamers from around the world to fund their gaming accounts, Master Card is quick, easy to use and extremely secure.
American Express Casinos
The favourite payment solution for US casino gamers everywhere, American Express is accepted by a fair share of online casinos and almost all casino rooms that allow US deposits.
Debit Card Casinos
Debit cards are are quite often used in Europe and a popular choice of payment method when it comes to online gambling. People from the UK in particular prefer debit cards for online casinos.
A great option for players without an access to a bank account, Ukash pre-paid card can be purchased at more than 100,000 retail shops around the world.
EntroPay acts as a prepaid Virtual Visa Card, allowing online gamers to only spend what they can afford and avoid going into debt.
A pre-paid card that can be purchased on the high street, Paysafecard is a premium banking solution accepted by most online casino rooms.
E-wallets are third-party payment processors that link your credit/debit card or bank account with your online casino account. To use them to make casino deposits, players need to fund their e-wallet online account via funding method and then make a casino deposit. They are very safe, fast and simple to use.
One of the most popular e-wallets used for online money transactions, Neteller is widespread in the gaming industry as a highly secure payment method.
PayPal is a convenient tool for making and receiving online payments without disclosing your financial information, with all major online casinos accepting this method.
Fund your Skrill account using bank transfer or credit cards and use this premium method to make casino deposits and withdrawals quickly and completely free of charge.
POLi is an online wallet linked to your bank account used to transfer money to and from online casinos without revealing your banking details to the merchant.
Instadebit is a safe and secure way to make payments online using your funds in your bank account. With Instadebit you don't need to give out any private information or credit card details to merchants online.
Use Click2Pay to make deposits to online casinos without revealing your banking information and rest assured that your money is always safe with them.
ClickandBuy is a leading payment system that was established in 1999. Today they serve over 14 million customers and you can use ClickandBuy to pay at over 16,000 registered online shops – including a big list of online casinos and sportsbooks.
BANK WIRE TRANSFERS
Banks transfers connect your bank account with your online casino account. To use them for casino depositing and withdrawing, players should check if their bank allows such transfers. They are one of the safest online casino banking options, however, such transfers usually take a couple of weeks to clear out.
Acting as a paper check in electronic form, eCheck allows online gamers to transfer money from their bank accounts in a relatively short amount of time.
Bank Wire Casinos
Seeing as how all online casinos accept Bank Wire deposits and withdrawals, this method remains very popular, especially for large payments in spite of the fees involved.
UseMyFunds is a global payment solution that lets you transfer directly from your bank account in a safe and easy manner. This service is available to more than 1.6B customers worldwide.
CASINO DEPOSITS FOR U.S. RESIDENTS
Due to strict gambling laws, US residents rarely have more than a few secure payment solutions to choose from when playing at online casinos, but Credit Cards, Bank Wire and eCheck are definitely banking options you can trust.
BEST CASINO DEPOSIT METHODS FOR USA
1. Credit Cards
US friendly casinos tend to have a high credit card acceptance rate, with American Express and Diners still the most popular cards. Players can make quick deposits using Credit Cards as well as transfer any winnings back to their card.
2. Bank Wire
Bank Wire is arguably the most accepted payment option at online casino rooms and it is obviously available to US residents as well. This payment method is predominantly used for large sums of money, but payments can take a while to get processed.
eCheck is a very useful payment solution, where the bank sends an electronic check to the casino based on your USA bank account, ensuring faster processing time than if you were to use standard bank wire.
CASINO DEPOSITS FOR CANADIAN RESIDENTS
Similar to their US neighbours, Canadian players are not exactly welcome at a large number of online casinos, so read on to learn more about the best payment methods for Canadian gamers.
BEST CASINO DEPOSIT METHODS FOR CANADA
Players from Canada can use a wide range of payment methods to fund their Neteller accounts before transferring money to and from the casino using this extremely secure electronic wallet.
Since all top online casinos accept Skrill, players from Canada are encouraged to use this premium payment method to fund their gaming accounts completely free of charge or cash out the money to their option of choice.
3. Visa / MasterCard
World's most popular credit cards Visa and Master Card can be used by players from Canada to make quick deposits and withdrawals at just about every online casino out there.
CASINO DEPOSITS FOR U.K. RESIDENTS
UK casino gamers are usually spoilt for choices when it comes to payment methods offered at online gaming venues, but there are some options that are preferred due to being convenient and easy to use.
BEST CASINO DEPOSIT METHODS FOR U.K.
1. Credit Cards / Debit Cards
UK casino gamers prefer using Credit and Debit Cards to fund their gaming accounts, which is hardly surprising seeing as how these enable fast and hassle-free financial transactions.
Skrill, previously known as Moneybookers, is a premium e-wallet widely used by UK residents given that it facilitates the fastest deposits and cashouts, while keeping your financial information confidential at all times.
Allowing UK gamers to fund their gambling accounts without disclosing the credit card information, PayPal is a fast and secure electronic wallet accepted at all major online casino rooms.
CASINO DEPOSITS FOR AUSTRALIAN RESIDENTS
Even if the industry is slowly opening up towards Australian markets, casino gamers from this part of the world only have access to several leading payment methods, with all of these outlined below for your convenience.
BEST CASINO DEPOSIT METHODS FOR AUSTRALIA
1. Credit Cards
Credit Cards are seen as the easiest way for Australian players to fund their casino accounts, facilitating instant deposits and very quick cashouts at relatively small banking fees.
POLi is Australia's own secure payment method that has been developed as a great alternative to credit cards. While being linked to your bank account, this banking solution always keeps your financial information confidential.
One of world's most popular electronic wallets is also used by Australian gamers for fast and secure deposits and withdrawals, and it usually involves no fee regardless of the amount in question.
FREQUENTLY ASKED QUESTIONS
Almost all online casinos allow players to use their credit cards to make casino deposits as well as withdrawals. Players need to choose them as deposit method, enter some card information as well as the amount they wish to deposit and the transaction should be instantly processed.
It depends on the payment method and the processing time of the casino. For instance, if you make a deposit via credit card, in most cases it is processed instantly and it can be used immediately to play games. Bank transfers, however, usually take up to 5 or 7 business days.
Even though things are difficult for US players they can still find suitable, reliable and safe deposit methods to add money to their casino accounts. Some of them include well-known credit or debit cards, eWalletXpress, Western Union, American Express, UseMyWallet, MoneyGram, Diners Club etc.
To cash out your winning from online casinos you need to go to the cashier and choose a withdraw method. Afterwards enter the necessary withdraw information and the amount you want to cash out. How fast you will get your winnings depends on the type of withdrawal method and the processing time of the casino.
Most casino deposit methods are safe and reliable to use. All major credit/debit cards as well as popular e-wallets and bank transfers among others are very safe to use. Additionally, online casinos use the latest security measures and in some cases additional firewalls to conduct transactions and enhance security.
MORE ABOUT DEPOSITING AND WITHDRAWING MONEY FROM ONLINE CASINOS
To play at an online casino for real money and win some cash, you clearly need to deposit some of your own money to get started. But first to be able to do this you must have already registered real money casino account. In other words, you have to sign up with reputable casino on the Internet by filling out the registration form. Then you need to go to the cashier or Banking page and choose a suitable deposit method.
Once you do this you have to enter some deposit information as well as the amount you wish to deposit. If you wish to deposit though a popular e-wallet, you will be redirected to the e-wallet’s website where you need to enter your username and password to complete the transaction. On the other hand, if you want to deposit though credit card, you need to enter your card number, date of expiry and the CVV number on the back of your card.
Furthermore, to deposit through prepaid card, you must buy it first and enter the card code at the cashier. Last but not least, depositing via bank transfer requires permission from the bank where you have bank account. Regardless which method you choose, always make sure you check associated fees with particular deposit options as well as their processing time.
Withdrawing Online Casino Winnings
It doesn’t matter how much you have won. Eventually, you will want to cash out your winnings. In most cases, withdrawing money from online casinos is easy. If you have set up online account with an e-wallet like Skrill or Neteller and have used it to make casino deposit, there is a possibility that you'll be able to cash out your winnings to that e-wallet as well. Most online casinos allow making deposits and withdrawals through the same method.
However, money can be sent through other services like check, bank transfer etc. The most important thing you should check with your online casino are the fees associated with each withdrawal method and how long it will take to process the transaction and receive the money. For example, withdrawals made though Neteller take between 1 and 3 business days to complete after they have been approved by the casino. Same thing can be said for cash outs made through credit cards. Bank transfer withdrawals may take up to a couple of weeks to clear out.