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If you’re a passionate gambler who’s trying to gambling at online casinos, you have two things to think about; finding the best online casino to play at, and online casino payment transaction methods to transfer your funds. When you sign up with an online casino, you need to be sure that you can easily and quickly deposit funds and withdraw any winnings. The best casino operators always make sure that they provide an excellent range of casino payments transaction methods so that it could be easier to get money into and out of your account.
Thus, in order to offer you a helping hand, we have gathered a complete guide on online casino payment transaction methods which go well with your online casino banking needs.
- Credit & Debit Cards
Several banking cards like credit or debit cards are among the oldest payment methods for goods and services online. Online casinos were quick to begin accepting these as one of the first payment methods around.
Not all the credit and debit cards are working same, especially when it comes to online gambling. Some of them work better than the others, and some of them are only on hand to players from certain parts of the world. Here, we’ll cover all the major types of credit cards, so whatever you happen to carry around in your wallet, you’ll know precisely where you stand.
- MasterCard
MasterCard is very popular card, and it comes as both, a classic credit card and a debit card. As far as online gambling transactions go, depositing will not be a concern in most cases. Though, it is not possible to withdraw back to MasterCard, which means you’ll need to have a substitute withdrawal method if you prefer to use MasterCard.
- Visa
Visa is one of the best and most common credit cards around. Unless your nation clearly forbids banks from processing online gambling transactions, you should have no problems depositing and withdrawing using Visa.
- Visa Electron
The main difference between Visa and Visa Electron is that the latter is a debit, not credit card. This means that you’ll have no problems depositing to online casinos with Visa Electron, as long as you have sufficient funds in your account.
If you come to withdrawal part then both Visa Electron and Visa work without any difficulty, and as long as you play with a reliable casino, you can expect your withdrawals to get within a couple of days.
- American Express
AMEX or American Express, as it is widely recognized, is another credit card that a lot of players have in their wallets. Deposits with American Express will generally go effortlessly, but there are fewer casinos accepting AMEX.
- E-wallet
Electronic wallet or we can say e-wallet, has become very popular with the online gambling crowd. There are several reasons for this and if you’ve never used an e-wallet before for your online gambling transactions, this may help guide you in the right direction.
Pros of E-wallets
E-wallets act as intermediaries between your bank/credit card and an online casino. This means you add money to your e-wallet using your card or direct bank transfer and then use that money to deposit to online casinos. So, e-wallets offer several advantages:
- It keeps your financial information safe
- Better control of your funds
- Great speed and reliability
- Use one e-wallet for all your gambling and stay protected
- Low transaction fees for deposits and withdrawals
There are clearly countless advantages for using e-wallets instead of credit cards. On top of all this, setting up an account with an e-wallet of your choice is simple and will usually take only a few minutes. Once your account is ready, you’ll need to connect it to your card or bank account, which can sometimes take a couple of days, but once you are done, you’ll have an easy method to move your funds around without any further hassle.
Different Types of E-wallets
With e-wallets going up in popularity, there have been a number of companies looking to get in the game. Let’s have a look on top e-wallets out there you can safely do your online casino transactions.
- Skrill
Skrill is definitely one of the biggest and safest e-wallets out there. Almost all online casinos accept Skrill as a deposit and withdrawal method, which means you won’t go wrong if you set up a Skrill account.
In the future, whenever you want to deposit with an online casino, simply fund your Skrill with the desired amount and you can then easily move those funds anywhere you like.
- Neteller
It is one of the reliable, fast and old-timers in the world of e-wallet. A few years ago, Neteller combined with Skrill, and these days you can without difficulty move money between your Skrill and Neteller accounts, although the fee for doing so isn’t small.
Both Neteller and Skrill still remain among the most trustworthy and dependable e-wallets around.
- PayPal
It is another oldest e-wallet around, for a long time they were fully opposed to any transactions related to online gambling. But now they’ve on track to alter their strategy, and players from certain countries, especially the UK, can now deposit and withdraw using PayPal.
It offers an ultimate safety of your funds, and it can help you avoid the verification process with the casino, since you already need to fully verify your individuality with PayPal.
- Citadel
It offers instant banking solutions to pay for online casinos. Citadel is regulated by the UK Financial Conduct Authority, which means this is another electronic payment solution you can completely trust. Although it is somewhat different than a standard e-wallet, Citadel can be a suitable method for funding your online casino account.
- Ecopayz
It is admired with online casinos, and you’ll get that most casinos will give you an option to fund your account using Ecopayz. Setting up an account with this e-wallet is very simple as the entire process only takes a few minutes.
It pays the highest attention to the privacy of your private information and you can rest assured you are in good hands.
- Prepaid Cards
Prepaid cards are another popular and suitable method for funding your online casino account. This method also comes with several advantages so it is up to you as a player to decide if prepaid cards are the right way to go for you.
Different prepaid cards you can use at online casinos come with a few major advantages:
- They are simple to get and load
- They protect your sensitive personal information
- They give you better control over your gambling expenses
You can use prepaid cards when your bank won’t let you apply your credit or debit card and can decide exactly how much you want to load your card with, and once that amount is gone, you won’t be able to simply deposit more.
Different Types of Prepaid Cards
There are various types of prepaid cards out there that can be used for different transactions, but online casinos only accept some of the main ones listed here.
- Paysafecard
It is the most popular prepaid card accepted by nearly all online casinos. For all your money transaction needs, Paysafecard works as a regular debit card, save for the fact you can’t use it for withdrawals and that it can only be used for as long as the funds you loaded last. Once you spend that amount, you can’t reload the card – you’ll need to buy a new one.
- Prepaid Visa
For the most part, prepaid visa cards work like normal Visa debit cards. Unlike Paysafecard, Prepaid Visa can be used over and over again. All you need to do is get it loaded with some more funds, and you’ll be good to go.
As it is similar to a normal Visa, you will not able to create withdrawals to Prepaid Visa cards, so you’ll still need an alternative method for cashouts.
Other Casino Transaction Methods
- Bank Transfers
If you have no debit or credit card and have no access to other casino transaction methods, like e-Wallet then the simplest of them all is a direct wire transfer, even though, these are generally used for withdrawals, while only some casinos will let you deposit this way.
Depositing with an online casino
I hope your all the doubts about all the different transactions methods must be clear, some of you may still wonder, how to actually deposit funds with an online casino of your choice. In 99% of cases, this is a very simple process, requiring almost no effort on your part.
- Log in to your casino account
- Locate your Cashier or click on the “Deposit” link
- Opt for your preferable transaction method
- Enter the amount you wish to deposit, and click the button to confirm your transaction
- A new screen will appear where you’ll enter your credit card details, log in to your e-wallet, or log in to your online banking
- Enter the needed information and, once you check everything one more time, give it the final confirmation
- That’s it! The fund will be transferred to your casino account and you’ll be ready to start playing
How safe are My Financial Details at Online Casinos?
One of the main reasons why people are uncertain about depositing with an online casino is the fact that they are afraid of their financial details getting in the wrong hands. Considering the world we live in, this is a genuine worry, as it is always better to be safe than sorry.
But let me tell you that as long as you stick with the well licensed and regulated casinos, there is no reason to worry.
All of your private info is kept in encrypted files that would be impossible to decrypt even if they somehow fell into the wrong hands, and the casino would inform you about the violate of security long before anyone would have time to do any harm.
