Online casino payment methods
New casino sites to play real money
Each method has its advantages and disadvantages and you can find out more right here on casinomir. In our payment method review, you can read all about each method, how it works, what the advantages and disadvantages are. All the of the payment options that we recommend at casinomir are safe and secure. Some however, are safer than others. As an example, if you lose your debit or credit card someone else can use your credentials. Other payment methods like e-wallet requires a personal password which makes it a lot harder for people to steal your money. The great thing with e- wallets is that you don’t have to hand out any personal or financial information to a third party, making them the safest payment method at the moment.
The best payment methods for online casinos
Online casinos are one of the world’s fastest growing markets right now and the number of new online casino sites increases every year. As the casino market has rapidly increased in size, so have the number of payment methods available to players.
If you are a regular online casino player, it is good to know about the various deposit and withdrawal methods and the rules and fees that apply to each. We at casinomir have therefore compiled a list of the best and most popular payment methods in the online casino industry.
Payment methods for online casinos
Deposits and withdrawals with E-wallets
On this page, you will find a complete list of all the best payment methods accepted at online casinos and you can read comprehensive reviews about each method and compare them to each other.
E-wallets are by far the most popular payment method at new online casinos today and are usually the best option for players. Their main advantage is security. When you have an e- wallet account you can protect your personal and financial information from third parties.
In addition to this, if you have several credit cards, you can connect them all to a single e-wallet. Now you have multiple sources of money linked to just one anonymous account and your personal and financial information is well protected.
Some of the most popular e-wallets are neteller, skrill, and paypal. Paypal is extremely well known, but this payment method is not that common in the online casino industry yet. When it comes to casino bonuses and free spins it doesn’t matter which payment method you choose.
E-wallets are by far the most popular payment method at new online casinos today and are usually the best option for players. Their main advantage is security. When you have an e- wallet account you can protect your personal and financial information from third parties.
Deposits and withdrawals with debit/credit cards
Sending money to online casinos via credit or debit card is very easy. This was by far the most common payment method at online casinos a couple of years ago. But, as we mentioned, e- wallets are now the most popular payment method.
If you choose a credit or debit card as your payment method, you will need to fill in the information that is printed on your card, including your name, card number, CVV-code, and expiry date.
Once you have filled in all the information on the card, just choose the amount of money that you want to deposit or withdraw. The most widely used credit cards in the online casino world are VISA, mastercard and american express. If you want to make a deposit with a credit card, just navigate to the deposit page at your online casino.
Choose credit card as your preferred payment method and indicate which type of card you have. The deposited money will appear on your online casino account immediately. The fee for credit card transactions varies from casino to casino.
Which online casinos accept my payment method?
Before you start playing at an online casino, go to the payment setting page. Here you can see all the available payment methods, like e-wallets and credit cards. Every casino has different payment methods and many casinos only allow deposits form certain types of accounts.
Make sure that you know which payment methods are applicable before you start playing. The fees for the different methods also vary between casinos.
Each method has its advantages and disadvantages and you can find out more right here on casinomir. In our payment method review, you can read all about each method, how it works, what the advantages and disadvantages are.
All payment methods work differently and the fees, as well as the deposit and withdrawal times, vary greatly. One very important factor to consider when choosing a payment method is the level of security. This is one of the reasons why e-wallets are so popular.
What is important when selecting a payment method?
It’s very important that you choose a payment method that you can trust. Online security is of paramount importance, especially when it comes to financial transactions. Many online payment methods have the same requirements as banks, which means that they are extremely safe.
Another very important factor to consider when choosing a payment method is the fees. The fees vary from casino to casino and between payment methods. Make sure that you know and understand the fee structure before you start playing.
Which payment methods are safe and secure?
All the of the payment options that we recommend at casinomir are safe and secure. Some however, are safer than others. As an example, if you lose your debit or credit card someone else can use your credentials. Other payment methods like e-wallet requires a personal password which makes it a lot harder for people to steal your money. The great thing with e- wallets is that you don’t have to hand out any personal or financial information to a third party, making them the safest payment method at the moment.
Which payment methods are faster?
E-wallets are generally the fastest payment method at online casinos. They are designed for instant use and they are fully optimized for speedy deposits and withdrawals. However, credit and debit card payments are also very quick. The answer to this question is that it depends on which online casino you are playing at.
Should I choose an e-wallet over debit or credit card?
It comes down to personal preference. Some people prefer not to share their personal and financial information with a third party. For these people, e-wallets like neteller and skrill are great alternatives. However, others prefer to stick with what they know and trust, and debit and credit cards are easy and simple to use.
Do I need to own a credit card?
You don’t need to own a credit card to make deposits and withdrawals at online casinos. E- wallets like neteller or deposit cards like paysafecard are currently extremely popular payment methods at online casinos.
How are casino winnings generally paid?
Winnings are generally paid back in the same way as you made your deposit. However, for some payment methods, like paysafecards, it isn’t possible to do a withdrawal and some online casinos only permit deposits from certain payment methods but not withdrawals.
If you used a credit card to deposit money you might only be able to withdraw the same amount. Every casino is different, so before you start playing, make sure you familiarize yourself with all their various deposit and withdrawal options.
Does my location dictate the choices I have?
Different countries have different regulations and laws governing online casino payments and this will affect the payment methods that are available to you.
About casinomir
Every day, for over three years, casinomir has reviewed, analyzed and evaluated casinos online. Over the years, we have learned a lot and we are constantly demanding high quality standards for all our reviews. If you have questions or suggestions, please feel free to contact us. We are always happy to hear from you!
Online casino payment methods:
A complete breakdown
We are living in a digital era when you can play slots or any other casino game anytime and anywhere! There are now many online platforms available! Online casinos are on the rise and everyone can enjoy them. No matter who you are or where you live, there is a method for you to play on some type of gambling web portal or another. The variety of payment methods offered by these websites is what makes it possible.
The versatility of the deposit/withdrawal options available in online casinos allows people from any corner of the world to find something that would work for them personally. Preferences in this particular area vary from country to country due to both the availability and convenience of these tools.
POPULAR ONLINE CASINO PAYMENT METHODS
Choosing an online casino payment method
While there are tons of options for casino online payment methods, not all of them can deliver a high level of satisfaction. To make the right decision, below are some of the most important things to take into account:
- Speed of the transaction: some payment methods, like e-wallets, allow instant transfers, which can make a difference when you are trying to use a time-limited bonus offer and need to deposit the money right away. Bank transfers usually take the longest, up to 5 days in some cases.
- Commission fees: note that the majority of online casinos don’t charge extra fees on withdrawals. However, the banking agent might do this for both deposit and withdrawal. If it’s the former, you must make sure that the deposited amount would be sufficient to meet the requirements of the casino after the banker deducts their fee.
Basically, you should always choose the banking method that is the easiest for you to use consistently. Bear in mind that many casinos have specific requirements and limitations for some types of payment methods they offer. For example, they might take longer to transfer your winnings through some of these channels or not accept some particular type of payment from certain countries. Make sure you also understand withdrawal limits before you start playing.
You must always study the terms & conditions for payment methods in detail before you make your first deposit to the casino. Don’t forget to claim a hefty first deposit or welcome bonus while you’re at it!
Online casino deposit/withdrawal methods: types and popularity rates
Credit and debit cards
Credit and debit cards are so popular today, they are steadily winning over cash payments in the most advanced countries. For example, over 56% of all mobile payments in the US are made through debit cards and almost 48% through credit cards. The most popular options of those for online casinos are visa, mastercard, and maestro.
Payments with credit and debit cards are also popular in european countries, although the rate of their use is slowly waning as people choose alternative banking options. At the moment, the residents of spain (36%), france (52%), belgium (47%) and the UK (49%) are the leaders in using these payment tools for online transactions.
Visa offers a variety of options, such as visa debit and visa electron, which is definitely the reason why it’s one of the best casino payment methods today. As it is available almost all over the world, its popularity level is high in all countries. Although, the leaders among visa users are europe and north america, as well as japan. Mastercard is accepted by fewer casinos as compared to visa, but the general statistics of its use are similar.
American express cards are in a rather interesting position when it comes to online gambling payment methods. On one hand, it’s one of the most stable and therefore trusted banking cards in the world. However, it’s also ‘american’ and the US has a nation-wide ban on online gambling. Therefore, the vast majority of online casinos don’t accept players from the US and very few of them accept american express cards.
Interac is actually an interbank network based in canada and lists more than 83 members as of 2018. It serves as the country’s own version of a debit card, and the cards supplied by the network can be used in more than 80,000 ATM facilities in canada, and now accepted in a growing number of online casinos as well.
One of entropay’s products and payment models resemble that of the visa. With entropay, customers and casino players can create disposable visa cards and discard these once the payments have been completed. These entropay virtual visa cards are available in at least three currencies, and offer a fair fee of 1%. And what’s more exciting about the use of entropay is that this is currently available in more than 100 countries and supported by a number of leading online casinos today.
The main advantage of these banking methods is their availability as today you can get a debit/credit card anywhere. The problem with online gambling payments is that they may not be accepted. This is the matter decided by the bank, as it’s determined by their inner policy regarding gambling transactions.
E-wallets
E-wallets are definitely going to become the leader of casino payment options rather soon. They are leading as the preferred banking route for online casino withdrawals due to the ease of use and speed of the transaction, which allows you to get your payment in under 24 hours.
The downside of all e-wallet money transfers is that the providers charge a fee for the transactions. However, those fees are usually rather small and offset by the benefits of loyalty programs on offer.
The most popular e-wallet in the world in general, is paypal. It has almost 200 million active accounts and is the #1 e-wallet in the north america (canada + the US). However, not all online casinos accept paypal as their policies regarding gambling payments are extremely stringent. Surprisingly, paypal is quite popular in europe as well. It’s the second best choice in many UE countries after the credit/debit cards. It’s most popular in italy (45%), france (35%), the UK (40%), and germany (32%).
The most popular e-wallets for online gambling are skrill and neteller. Neteller, in particular, is accepted everywhere and was originally created as a payment route for online casinos. Today, it services 180+ nations. In 2005 neteller was processing 80% of all online gambling payments, but this rate has gone down now that more payment methods are available.
Skrill (formerly moneybookers) is a relatively new player on the e-wallets market, but it’s already accepted in 200+ countries. It’s one of the highly secured casino payments and supported by the overwhelming majority of online casinos.
Pre-paid cards and vouchers
Prepaid cards, coupons, and vouchers, like paysafe card and ukash are getting more popular today as they offer a higher level of security than paying directly from your debit or credit card.
Paysafe card is the definite leader among these solutions. As of today, over 3,500 websites accept this payment method, which includes almost every online casino. Paysafe delivers on the promise of its name, guaranteeing the high level of security as well as minimal fees and fast transactions. This is one of the most popular online payment methods UK and in europe in general.
Note that one cannot buy paysafe cards in the US, but you can buy it elsewhere and deposit money on it electronically. This would allow a person to play in a casino that accepts US citizens and use this banking method.
Ecopayz is another global leader when it comes to online casino payments. It offers a number of financial products, with ecocard as one of its popular products. With the ecocard, customers can confidently control their payments and expenses online at millions of locations around the world. This ecopayz product comes for free with no credit checks and allow customers to choose between the one-use card or ecocard.
Bank wire transfers
Various types of bank wire transfers are accepted as major online casino payment methods and are, in fact, the preferred choice for most casinos. The reason for this is the extreme security involved in this type of transaction, which minimizes the risk for all parties involved.
However, a large part of this security comes from a thorough identity check, which takes a while. As a result, this type of transaction can take up to 7 days. These transactions also come with the bank fees that can be quite big depending on the amount. Bank wire transfers have a higher popularity rate in the countries where faster and more efficient online payment methods aren’t as easily available.
Instant bank transfers
This type of bank wire transfers negates the disadvantages of regular transfers due to the speed of the transaction. The most popular type of instant transfer service for online casinos is trustly. Under the trustly set-up, a shopper or customer will not directly contact the bank, instead, the customer will pass the banking credentials and information to trustly, and the platform will complete the transaction in behalf of the shopper.
Please note that these payment methods are almost exclusively used for deposits only. However, they offer a huge advantage for time-limited promotions as your money literally gets to the casino instantly.
Ideal is an instant transactions provider most popular in the scandinavian region. It doesn’t charge transfer fees and is very flexible in terms of transactions. Ideal the most popular online payment method in the netherlands with over 55% of the population using this service for all their financial transactions.
Giropay is another example of casino payment that are backed by online banking which is similar to ideal. This service was first introduced in february 2006, and allows customers including casino players to pay for casino services online through a secure online banking facilities. As of 2019, giropay is one of the leading payment processors for german players, and offers fair yet varied fees depending on the services enjoyed and used by the customers.
Another popular way to enjoy internet banking is through the use of poli payments. This payment facility allows customers to use internet banking to pay for a number of products and services, including online casino games. This can be used with any devices, making this another mobile payment platform for players looking for flexible and instant payment confirmation. Poli comes for free, does not require the use of credit cards and highly secure as well.
Cryptocurrencies
Bitcoin casinos are rare, but many of the leading portals are starting to cater to this particular type of electronic currency. Btcs (bitcoins) are gaining popularity due to their guaranteed security. The house edge in bitcoin games is a little bit lower, which is another reason many people today are warming up to this payment tool.
Bitcoin is most popular among american players. Mostly, because bitcoin gambling doesn’t fall under the category of online gambling, which allows americans to play freely in specialised casinos. Bitcoin payments can be instant, but the specifics would depend on the type of wallet you use as well as the casino’s terms.
Aside from bitcoin, another popular cryptocurrency that’s gaining traction in the market is the litecoin. The litecoin and bitcoin share a number of similarities but with one marked difference- the litecoin network is known to process transactions at a much faster pace and cheaper too, making this cryptocurrency a highly desirable payment option available online. Thanks to its infrastructure, payments and withdrawals through this digital money is faster. Although most cryptocurrency-ready casinos prioritise bitcoin, litecoin is starting to gain traction, and now considered an alternative payment.
Whatever cryptocurrency you choose, you can count on at least three critical advantages that can define your casino experience: lightning-fast transactions, highly secured and private. Credit and debit cards process transactions in 3 to 5 days, whereas the use of bitcoin and litecoin promises instant confirmation and delivery. Security is also another critical feature of cryptocurrencies, with many casinos using advanced encryption technologies and different types of authentication. And finally, these cryptocurrencies promote privacy, with some transactions done anonymously.
Wrap up
Whether you are depositing money in an online casino or cashing out your winnings, take note of the methods that have been mentioned above to easily choose which one suits your needs and preferences. Consider ease of use, flexibility, speed, security, commission fees, and reviews from other users to make a decision that you won’t regret!
Payment methods
The casino gorilla has been playing online casino games for a long time, long enough to know exactly what casino gamers want and what they get really annoyed by. When it comes to the latter, processing payments is one thing that can make even the most even-tempered player blow a fuse. You don’t want to see the casino gorilla when he gets mad, but unnecessary delays when trying to make a deposit or withdraw some cash will get the big guy’s blood boiling. That’s why we always try to ensure that our recommended casinos offer plenty of payment methods and don’t mess about when it comes to withdrawals.
Online casino money transactions
If you are new to the online casino games, then you may be a little hesitant when it comes to making your first deposit. The good news is that we only list the best and most secure casinos, so you can trust them with your hard-earned cash. Making your first deposit is simple:
- Simply go to the ‘banking’ section of your online casino account once you are logged in, and you will be able to make a deposit and start playing real money casino games.
- Make sure firstly to choose the correct currency – unless you have already done that when you registered with the site – and don’t worry if your country’s currency is not an option. You can select any of the available options and when you deposit the money you deposit will be exchanged to that currency.
- Now you simply select the payment method which suits you best.
For many people this will be a debit or credit card, and visa and mastercard are available at the majority of online casinos. The most common payment methods are:
Payment methods
- Debit or credit card (visa or mastercard)
- Electronic wallets (like paypal or neteller)
- Instant online bank transfers (such as klarna)
- Online voucher systems (like paysafecard)
- Virtual card payments (like entropay)
They can all be used to fund your account instantly. If you prefer to make a traditional bank transfer you will expect to wait a few days, while the same goes if your casino still allows you to send cheques.
Electronic wallets are the speediest withdrawal methods, with bank transfers taking the longest time.
Withdrawals are usually checked individually to make sure they go to the right person, so for this reason they take longer than deposits. Make sure you have verified your identity with the casino before your first withdrawal to make the process faster. For security reasons, the casino will pay out your money to the same account you used to fund your casino account in the first place. If this is not possible – for example mastercard do not allow withdrawals in some countries – then money will be sent to your bank account instead. Electronic wallets are the speediest withdrawal methods, with bank transfers taking the longest time, sometimes up to 10 working days.
Most online casinos do not charge fees for deposits or withdrawals, but you should check the banking page to make sure about fees.
Most trustworthy payment method providers and payment methods at online casinos
With so many different payment options to choose from it can be difficult to know which one is best for you. As a general rule, most online casinos do not charge players for making deposits or withdrawals, so it is simply a matter of choosing which method is most suitable for your needs. The player must decide whether processing speed is a priority, whether a method with a high deposit and withdrawal limit is best or whether the ability to remain anonymous is the. Most important. Check out the casino gorilla’s quick guide to some of the most popular payment options below:
Neteller
Neteller is one of the most widely used payment methods to fund online casinos. This is an online electronic wallet which can be funded via your bank account. Once your neteller account has been funded then you can start using it to make deposits to your online casino account. The advantage of using neteller is that this is one of the fastest methods to make both deposits and withdrawals. Deposits are instant and withdrawals generally are processed within 24 hours by most casinos, and even faster than this by some.
Best neteller casino | first deposit bonus | read review | |
---|---|---|---|
Best skrill casino | first deposit bonus | read review | |
---|---|---|---|
Best trustly casino | first deposit bonus | read review | |
---|---|---|---|
Best mastercard casino | first deposit bonus | read review | |
---|---|---|---|
Best visa casino | first deposit bonus | read review | |
---|---|---|---|
Best euteller casino | first deposit bonus | read review | |
---|---|---|---|
Best ecopayz casino | first deposit bonus | read review | |
---|---|---|---|
Best zimpler casino | first deposit bonus | read review | |
---|---|---|---|
Best paysafecard casino | first deposit bonus | read review | |
---|---|---|---|
100% / £500 + 50 bonus spins 18+. New players only. 1 bonus offer per player. Min. Deposit £20. Max. Bonus bet is £5. Bonus spins on selected games only and must be used within 72 hours. Bonus funds expire in 30 days, unused bonus funds will be removed. Bonus funds are 100% match up to £500 on your 1st deposit, 25% match up to £1000 on your 2nd deposit, and 50% match up to £500 on your 3rd deposit. Bonus funds are separate to cash funds, and are subject to 35x wagering the total bonus & cash. Only bonus funds count towards wagering contribution. Terms apply. Begambleaware.Org. | Bank transferAlthough bank transfers are the slowest method of moving funds, they may be the only viable option if you wish to make large transactions. Deposits can take up to three to five working days, and withdrawals can potentially take up to ten working days depending on your bank and country of residence. For these reasons direct bank transfers are not a popular option for those casino players wishing to fund their accounts with relatively small amounts. However, high rollers who need to make transactions in the thousands may find the bank transfer method to be the best option as limits are usually higher when using this method. |
Best bank transfer casino | first deposit bonus | read review | |
---|---|---|---|
Best paypal casino | first deposit bonus | read review | |
---|---|---|---|
Best bitcoin casino | first deposit bonus | read review | |
---|---|---|---|
No comments:
Post a Comment