When looking for the best online casinos, there are many factors to take into consideration. You need to find an intuitive and secure platform with a diverse selection of games. It should have attractive bonuses and promotions. Of course, it should also have diverse casino payment methods, providing different means to fund your account and withdraw your winnings. Basically, online casino payment methods refer to the different means by which it will be possible to settle payments on your end and how you can withdraw the money in your account. You will need these methods to start playing with real money and to be able to cash out what you have recently won.
If you are wondering about the best payment methods casino, keep on reading the rest of this post and learn from some of the insights we’ll be sharing.
Best Casino Payment Methods 2019
There is no one method that works best. At the end of the day, it all boils down to personal preferences. You need to consider several factors, such as what is most convenient for you. For instance, if you have an existing credit or debit card, this can be a better choice rather than opening an e-wallet. Also, consider the time the funds will be available. Security is also an essential consideration.
Below, we will briefly discuss some of the top casino payment methods that you might want to take into consideration.
Debit and Credit Cards
For the best casino payment methods, you can never go wrong with credit and debit cards. Visa and Mastercard are two of the most popular. For a lot of casino players, most of them already have an existing visa or debit card, which makes this the logical choice.
Almost all casinos will accept debit and credit cards as payment methods. Even better, in most cases, the processing of the transaction is instant. Often, you will also be charged a small fee. Depending on the company that provides your cards, this can be a safe method.
There are different types of e-wallets that are commonly accepted as casino payment methods, including PayPal, Skrill, and Neteller. Basically, these are accounts that exist purely online, but they are connected to your credit or debit card. It works best for people who have multiple cards.
The processing time and transaction fees when using e-wallets will again vary depending on the casino and the method that is chosen. Like with debit and credit cards, it is often just a minimal fee and the processing is almost instant. It is considered by many online casino players as the quickest method.
This refers to the payment method that includes direct bank transfer. Meaning, you will withdraw the winnings directly to your bank account of choice. Since you are transferring straight to your account, it is often for free. However, one of the main problems with bank transfer is that it often seems to be the slowest from the online casino payment methods. On average, it can take five to seven days.
Instant Payment Services
Not as popular as those that have been mentioned above, instant payment services, as the name implies, will make the transactions in an instant. One of the best examples of this is Trustly. It is very similar to how an e-wallet works. All that you need is to create an account and sign-in to be able to make payments. It is often free to use, and the processing is also quick.
This is an innovation that we can see in today’s casinos. Among others, the most popular is bitcoin. This is a decentralized currency that offers a plethora of benefits, including anonymity, which is perhaps the reason why it is popular in online casinos.
Aside from bitcoin, other cryptocurrencies that can also be accepted in online casinos as payment methods are Litecoin and Ethereum. However, even with its popularity, it is quite rare that you will be able to find casinos accepting cryptocurrencies.
Pay by Phone
This is also one of the most innovative methods that you can use when it comes to casino payments. It can offer convenience and speed. Basically, what this means is that you will be able to fund your account directly through your phone bill. You just have to input your phone number in the deposit page, enter the desired amount, and wait until it is processed. It can be quite slow compared to those mentioned above. Also, you have to enroll your phone number first as a security protocol.
Are Banking Options at Online Casinos Safe?
YES – the banking options in online casinos are safe. Nonetheless, a word of warning – this is not true in all cases. There are casinos that exist purely to scam its players. So, you need to keep a watchful eye. But as long as you are playing in a reliable and reputable casino, you can be confident about the safety of their payment methods.
Most of the casinos use state-of-the-art security features to make sure that their payment methods are safe. For instance, they often have different verification steps to have an assurance that the withdrawal of the winnings is made only by the true account owner. In some cases, you need to provide proof of identification.
Guide to Using Casino Payment Methods
The use of different payment methods will be different from one casino to another. Whether you are making a deposit or withdrawal, the steps involved will most likely vary.
The first thing that you will need to do is to log-in to your account. Keep your username and password private to avoid anyone from accessing your account. Also, see to it that you are using strong passwords that no one will easily guess. After logging in, choose the Deposit/Withdrawal tab and choose the preferred method. After this, you have to input the specific amount, and just like that, it is done. Depending on the policies of the casinos, there can be verification methods.
In sum, with the payment methods online casinos that have been mentioned above, you will have a convenient way to deposit and withdraw in your chosen online gaming platform. The process is generally safe, but you have to make sure that you are using a reputable casino for your peace of mind.