Online Casino Payment Methods
Finding a great casino to game online isn’t all about the aesthetics, the slot games, the software providers, or the casino bonuses. Of course, all those things matter, but it’s worth taking a look at what payment methods are accepted at the casino you’re about to sign up to so you’re not burnt with any significant transaction fees or long withdrawal times.
Most payment methods are available at every casino, but the likes of PayPal for example like to pick and choose who they partner with very carefully. Let us guide you through what you need to know when it comes to casino payment methods.
What is a payment method?
A payment method is a way of depositing money into an online casino using methods such as PayPal, Neteller, and Skrill. Most of which have been at the top of the game since the turn of the century, and all have a long history in the casino industry. Debit cards along with bank transfers and other e-wallet providers are also payment methods used on most sites too.
Banking online now is the most trusted, easiest, and quickest ways of transferring funds around. Online banking using any type of method was looked on with great suspicion in the formative years of the internet. However, these days there’s nothing on the internet that’s more secure.
Popular Payment Methods
PayPal, Perhaps one of the most popular and used online payment system on the internet, having millions of users worldwide.
Skrill was previously known as Moneybookers, is an online payment method that allows players to make payments at almost all online casinos using an account.
Neteller was one of the first payment methods to send and receive money by internet and was traditionally mainly used in the international online poker world.
Yes Bitcoin! There are many advantages to having a Bitcoin Casino over a regular one, as many casino players can surely appreciate, there is a simply an unrivaled sense of anonymity.
EcoPayz, formerly known as ecoCard, is an online payment solution provided by the United Kingdom based company PsiPay Ltd. With ecoPayz founded already in 2000, PsiPay had its financial operations regulated and authorized by the renowned UK Financial Conduct Authority (FCA) in 2008.
Boku pay by phone
Boku is a front-runner in the mobile payment market and offers uncomplicated online payments without the need for bank details.
Bank wire transfer
A deposit made by Bank Transfer is the oldest (and therefore for a lot of people the most trusted) way to make a payment to your online casino account.
Debit and Credit Card
Perhaps on of the first and oldest payment methods, coming in from Visa, MasterCard to American Express. Although these are one of the easiest forms of payment, it’s important to note that Credit Cards will be banned from being used for gambling purposes as of April 2020.
Trustly, is a Swedish originated online payment solution, is the new name of Instant Bank, however, it is a completely new concept of direct online banking. Trustly is fully adapted to mobile devices allowing you to make payments on the internet using your regular banking account.
Paysafecard comes from Paysafe Group the owners of Skrill and Neteller. Making payments using this method is possibly the safest way of making online payments. A great number of online casinos using NetEnt software currently accept Paysafecard payments.
Klarna is a Swedish Bank that offers a popular online payments service throughout Europe, and handles roughly $21 billion in online sales every year. It is most popular in Scandanavia.
The main idea with Zimpler is to help you make instant deposits and withdrawals into your bank account. This extends to online casinos too, with future deposits made easy.
Founded in 2013, offers on e-service to businesses and individuals alike and has over 20 supported currencies.
What to look out for and why?
Withdrawal limits, withdrawal times, withdrawal fees, minimum deposits, deposit fees, deposit times are all things you need to be mindful of. Some casinos will have their own rules, and if you combine that with a payment method that charges high additional fees. You could be losing 5% or 10% of your initial deposit.
Look through the differences in payments methods. It’s always wise to get a good understanding prior to signing up to a casino.
E-wallets might be your go-to choice because they don’t charge additional fees. However, not every casino accepts e-wallets, so make sure you do some thorough scouting before you depositing.