If you’re looking to gamble online, you’ll find hundreds of sites willing to take your action. However, to be able to do so, you’ll first need to register and deposit some money, and should you be so lucky to win, you’ll want to withdraw your winnings as quickly and as conveniently as possible.
To ensure that, you need to stick to the operators offering casino payment methods that work best for you.
If you happen to be new to the world of online gambling or just don’t know much about casino banking options, you’ve come to the right place. On this page, you’ll find out everything you need to know about this topic, which will make your future gambling experience much more enjoyable and stress-free.
There are many casino payment options out there, which gives you more freedom but can also be quite confusing.
Bank Wire Transfer
In this article, we’ll focus on about a dozen of the most popular casino deposit methods, as at least one or two of them should pretty much work for every single player out there.
While there might be a bunch of banking methods in theory, the fact of the matter is that some of them simply work better than the rest. You should always stick with the most popular casino payment methods unless you are forced to look for alternatives.
E-wallets might be the most popular banking method used for online gambling. These payment providers act as a middle man of sorts, allowing you to send your funds through them to online casinos and withdraw your winnings back to the e-wallet.
Players love e-wallets because they give them a higher level of safety. Instead of having to leave your card with every online casino, you just register with an e-wallet and can freely move your funds back and forth while protecting your information.
Skrill is one of the oldest and most popular e-wallets used heavily in the online gambling industry. Skrill fully endorses online gambling, and if you’re a customer, you’ll often receive special offers from the wallet to sign up with a casino or a bookmaker.
Getting started with Skrill is easy. Sign up for an account with your email address, fill in your details, and connect your card. After that, you can simply upload funds from the card to your e-wallet and use them to deposit to an online casino of your choice with no additional complications.
When you receive a withdrawal from a casino to your Skrill account, you can cash it out to your debit card, bank account, or even withdraw money via the Skrill card that’s available in many countries worldwide.
Netteller is another one of the top casino deposit methods, and these days they pretty much the same thing as Skrill. The two companies merged a few years back, so now you can easily send funds from one e-wallet to another.
As far as using Neteller for casino payments goes, you just upload the money from your card to the wallet, and you can send it from your account to any casino you choose. If you upload $100 to Neteller, you can use it however you like (all in one go, make ten $10 deposits, or anything in between).
Neteller is among the top casino payment methods as it makes moving money around easier while offering a relatively high level of protection for your sensitive financial information.
PayPal is one of the more recent wallets to join the online gambling scene. Although it’s been around for a long time, PayPal wasn’t a viable casino payment method until a few years back as the company had a very anti-gambling policy.
Using PayPal for deposits and withdrawals is very convenient as it can make the verification process quicker and simpler. However, as of right now, there is only a handful of countries where this e-wallet is actually allowed for gambling-related transactions.
PayPal is slightly different from others as it is usually more connected to your bank, and you can’t necessarily use it to keep your funds online (depending on the country). On the flip side, it is very safe, fast, and reliable.
Apple Pay & Google Pay
With the growth of the mobile gambling market, Apple Pay and Google Pay are becoming increasingly popular casino payment methods among players. Online casinos have recognized the mobile segment’s growth, and many of them are now offering one or both of these options.
You will use Apple Pay and Google Pay like for any other transactions on your phone. With your card information safely stored on the servers, you don’t need to enter it again on the casino site. You can simply send the money via the wallet without any additional complications.
One great advantage of using one of these methods is that neither of them charges any fees. That said, some casinos may have fees in place, so check that out before you start.
EcoPayz is another one that has been around for a long time. It is similar to other e-wallets in that it serves as an intermediary between your credit and debit cards and whatever online merchant you want to send money to.
Setting up your EcoPayz account is easy, and you’ll be ready to go within a few minutes. Once done, simply link your card to your EcoPayz account, and you can easily move the money to and from your account as you please.
Like some other similar banking methods, this e-wallet also offers its own debit card. An EcoPayz card is available to residents of the UK and most EU/EEA countries, and it will give you instant access to your funds.
When first online casinos opened their doors, players didn’t have access to many alternatives that are available today. Credit and debit cards were the only instant-payment methods around, and it stands tall till this day.
They’re very convenient because almost everybody has a card but aren’t necessarily the best option if you can use alternatives like e-wallets. Using credit and debit cards to fund your online gambling does have certain disadvantages.
Credit & debit card pros:
Credit & debit card cons:
VISA Card is probably the most popular type of card used for online gambling. VISA puts no restrictions on gambling-related transactions, at least in most cases, so players don’t have to deal with any technical issues.
VISA card can also be used for withdrawals, and quality operators will usually process these requests within a couple of days. However, card withdrawals do traditionally take longer than those via e-wallets.
It’s important to note that you should only ever use a VISA card issued to your name to deposit with an online casino. Even if someone else gives you explicit approval to use their card, you’ll likely have to deal with a lot of questions and might be denied your winnings in the end.
Most online casinos accept MasterCard but, in the gambling world, it’s not nearly as popular as VISA, and there are a couple of reasons for it. First of all, MasterCard transactions are often blocked or denied as the company clearly isn’t as open-minded as VISA when it comes to gambling online.
Secondly, most MasterCard cards can’t be used for withdrawals. So, even if you make a successful deposit, you’ll still need to use one of the other casino payment methods offered by the site to cash out your winnings. This makes things unnecessary complicated, but having MasterCard as an option is still good for those players who don’t have a different option to fund their accounts.
American Express or AMEX is another hugely popular card in the world and especially in the US. A fair number of operators accept this method, but that doesn’t mean it will work all the time.
Online gambling laws in the US are quite complex, and you aren’t supposed to make deposits with online casinos that aren’t licensed in the country. So, with AMEX, your transactions will often fail, and you’ll have to find clever ways to work around the system.
When it works, American Express is a good method to use with online casinos, especially for deposits, but it’s usually not as reliable or as widely accepted as the other two.
If you don’t have a card or an e-wallet, you can still gamble online using one of the more traditional casino payment methods. Bank wires, eChecks, and other similar options are there to use if you need them, but they aren’t the perfect solution.
The biggest problem with these traditional systems is that they often don’t work both ways. You can use one method to deposit, for example, but you have to find a different one when making a withdrawal (or vice-versa).
Bank wire & transfers pros:
Bank wire & transfers cons:
Bank wires are offered by almost all casinos worth their salt, but they can usually only be used for withdrawals. You won’t find many operators accepting deposits via traditional bank transfers. Even if you do, bank wires take time to process and complete, so you might have to wait for days before funds are released into your account.
As a withdrawal method, bank wire is convenient because your winnings are deposited straight into your bank account. However, withdrawal times are often several days, associated fees are quite high, and many operators won’t let you withdraw smaller amounts using this method. However, if you used one of the deposit options that don’t work for withdrawals, bank wire is always there as a cashout alternative.
Some casinos will allow you to fund your account and cash out your winnings via eCheck. As a payment option, eChecks have been around for a while, so nothing is particularly revolutionary about this method.
If you want to use eCheck for deposits, you should know that this isn’t an instant option like credit cards or e-wallets. Once your bank issues a check to the casino, it will take a couple of days before the check clears and funds become available in your account.
For withdrawals, the process is similar to using the traditional bank wire. Once the casino issues an eCheck to your name, it will take a few days for the funds actually to become available in your bank balance.
iDeal is a payment option that originated in the Netherlands and has been accepted by numerous online casinos since. The payment system connects your bank account with the operator and lets you deposit funds straight from the bank without having to reveal any details to the casino or using an intermediary like an e-wallet.
Deposits made via iDeal are instant, and there are no fees involved, so your entire deposit will be available to you.
One downside of this method is that it can’t be used for withdrawals. If you deposit via iDeal, you’ll still need to use an alternative to cash out any winnings, making it somewhat less attractive. If it worked both ways, it would truly be ideal.
In recent years, the online gambling world has experienced a real revolution with the rise of Bitcoin and other cryptocurrencies. More and more people are using these as their favorite method to gamble online.
While traditional options are still going strong, cryptocurrencies are slowly becoming casino payment methods of the future, offering fast transactions, a greater degree of anonymity, and various perks that players enjoy. Of course, they have certain drawbacks, as there is no perfect payment option as of yet.
Bitcoin is the original cryptocurrency, and it is the one that enjoys the biggest respect in the crypto world. Thus, many online casinos accept Bitcoin payments in one way or another. To use Bitcoin with online casinos, you’ll first need to open a BTC wallet and get some funds in it. Today, this isn’t too difficult as you can buy Bitcoin via many exchanges.
When you have the funds, you can use them to deposit with any Bitcoin-friendly casino of your choice, and the money will appear within a few minutes. You can also use your Bitcoin wallet to withdraw your winnings, and there are usually no fees associated with withdrawals.
Prepaid cards are one of those casino payment methods that have been around for a long time as well. Like the name suggests, to use these cards, you’ll need to prepay them, i.e., load some funds onto them beforehand.
These cards have some advantages as they give you better control over your spending and are a great alternative if you don’t have access to any other method. However, they aren’t very good as a long-term solution.
Prepaid cards pros:
Prepaid cards cons:
PaySafe Card is the most popular type of prepaid card out there, and it is one of the more widely accepted casino payment methods. You can acquire it at local stores and even online these days.
With a PaySafe Card, the process is very simple. You buy the card and load it with cash in the amount you see fit. Then you can use the card to deposit with an online casino just like you would using a regular credit or debit card.
This method does give you more control over your expenses, but it’s also inconvenient because it can’t be used for withdrawals. Additionally, casinos won’t let you deposit too much funds via this method, especially with online gambling regulations growing stricter every day.
Although not offered by all operators, paying via mobile phone is one of the casino payment methods you’ll likely come across at some point. These systems allow you to play without paying anything immediately but rather settle what you owe with your next phone bill.
Mobile phone casino deposits are quite convenient if you feel like playing but don’t have access to other options. On the flip side, they can be dangerous if you don’t have good control, and you’ll still need to find a different way to withdraw your winnings.
Mobile phone payments pros:
Mobile phone payments cons:
Boku is one of the most popular mobile casino payment methods. You don’t need to open a separate Boku account to be able to use this service. If you want to deposit via Boku, simply navigate to your cashier, select this option, and the amount you want to deposit. A code will then be sent to your phone. You’ll need to enter this code to confirm the transaction.
When you enter the code, the money will be added to your account immediately. Depending on your particular mobile plan or provider, the deposited amount will be deducted immediately (if using a prepaid plan) or added to your next phone bill.
Choosing between various casino payment methods can be a bit tricky. There are so many different casino deposit methods on offer these days that players just aren’t sure which one to go with.
First of all, if possible, pick a method that you can use for deposits and withdrawals alike. This will make things much simpler in the long run.
Secondly, make sure the method you’re picking isn’t too limited in terms of daily deposits, especially if you play higher stakes.
Other things to take into consideration are fees and withdrawal speeds. You don’t want to pay high fees on your deposits if you don’t have to nor wait too long for your winnings. Take the time to pick an option that really works best for you.
When choosing between different online casino payment methods, you should always pay attention to fees, delays, waiting times, etc. You should also know that not all methods are available in all countries around the globe.
Don’t hesitate to do your research and ask questions if you’re unsure about a particular banking option. The support team will usually offer some answers and clarifications to help you along.
Just keep in mind that you want to make your online gambling experience as enjoyable as possible, and picking your casino payment options is a big part of that.
How long it will take to receive your winnings depends a lot on what casino payment methods you prefer to use. Generally speaking, e-wallets and cryptocurrencies are the fastest options, and good operators will send money via these methods within 24 hours.
However, you’ll often have to account for some additional waiting time for the funds to get from your e-wallet to your physical banking account with these options.
With credit and debit cards, withdrawals usually take a few days, provided there are no unforeseen circumstances. Depending on where you live, though, this can be even faster as some casinos will send you the funds the very same day or the day after.
Traditional options like checks and wire transfers are the slowest by far. With these, you’ll have to wait anywhere between three and seven days to receive your money.