Regarding personal information security, makers of online casino sites often have more pressing concerns than just making brilliant casino games for players to enjoy. The challenge is making the payment process simple, straightforward and trustworthy, and this goes a long way towards giving an online casino player peace of mind.
Online Casino Payment Methods
Sometimes a friendly reassurance is just what people need when entering the online casino world for the first time and our casino payment methods guide is here to do that.
Even seasoned casino players will prefer a payment method that is tried and trusted. So we’ve pulled together a great resource where you can find the best online casino sites by their payment method. So whether you are looking for a new payment method or a new casino that fits your favourite method, we have something for you.
If you know which casino deposit method you prefer, you can jump straight in and pick one of our recommended casinos; if you want to explore each online casino payment option in more depth, then we deep dive into all the information to help you decide which casino payment method will suit you best.
How We Rate Casino Payment Methods
There are a wide variety of methods to deposit at an online casino. Whether you are making a deposit or a withdrawal, it’s a good idea to determine the house rules before signing up for a new online casino. Also, it’s essential to know which method of depositing is most convenient and secure, not just convenient.
A significant concern for those new to online gambling is whether they’ll lose their money to fraud. Unfortunately, it’s quite a legitimate concern because some newcomers make incredible mistakes. To help, we have created a list of top payment option tips online casino players should keep in mind before signing up with any online casino.
The amount of security required when paying for stuff online is a considerable deterrent for customers. This is especially true in the online casino industry, one of the most target-rich environments for fraud. However, casinos have lost millions in fraudulent transactions over the years, as have casino sites users, so being cautious is a good place to start.
The right deposit option is undoubtedly one of the most important places to start for all online casino players. We’d love to say use this option, and you can’t go wrong, but it’s not a universal recommendation where one size fits all. So we encourage you to choose the payment option that best suits your needs and budget. The number of different options at online casinos can be overwhelming, so it’s vital to do some research before settling on a casino.
Different Types of Payment Methods
If you’re a real money casino player, you need to find a way of transferring money into your casino account. Thankfully, there have never been more payment provider options, meaning that most customers can fund their UK casino accounts hassle-free.
Many deposit methods exist; some are faster and more secure than others. What matters is what your preferred online casino payment option is. PayPal, credit cards, visa cards and debit cards are probably the most popular. There are also the lesser-known Paysafe card and bitcoin casino payments that have also emerged in recent years.
For some, it doesn’t matter about processing times or speed; others want to deposit and withdraw quickly, even if that means paying a fee to do so.
What matters, though, is that it’s an option that customers feel most comfortable with.
Probably top of the list for many is the speed of transfers. You can read more about the fastest withdrawal casino sites. Transfers can be frustrating in that you have to wait for hours, even days or weeks, for your money. However, high speed processing is crucial for making withdrawals; it’s not just the speed you deposit and withdraw cash; convenience is also an important consideration, so many payment providers have a mobile app to manage your money.
Debit & Credit Card
The most popular way of making an online casino deposit is by using a debit card. After all, the vast majority of adults in the UK and further afield have at least one payment card that befits this description, and it’s also a secure way of funding your casino account.
People are used to paying with cards when paying for stuff online, so this is a popular payment solution for many.
In the UK, gambling using a credit card is prohibited as of April 2020, but online gambling using a credit card is still permitted in the US and Canada.
You must register your card by typing in the long number across the front of the card. The information is encrypted, and you don’t have to worry about compromising any sensitive personal details.
If you have made the first deposit with your debit card, you can return to the casino site and make additional deposits without adding your card details again. The casino operator will remember your card details, although you must add your security code for every deposit. The same is also valid for gambling with your credit card.
VISA Credit Card
If you read a full Visa Casino review at inkedin.com, you may conclude that customers should only use Visa when making a casino deposit. Visa is probably the most popular, but it’s not the only one. A key point to remember is that you also have to withdraw via the same method, whichever deposit method you use.
Many online casino customers rely on their Visa Electron cards when making deposits. It is a safe and secure method for gambling online. The critical thing about this payment method is that the funds leave your account straight away; therefore, if the money isn’t in your bank account, you cannot make a deposit.
This is an excellent way to control your gambling spending; however, the negative is that should your casino account become compromised, whoever compromised your account can withdraw money from your bank account.
You can also use a pre paid card, which offers further benefits in that you cannot spend more than what is preloaded onto the card.
The UK has decided to place a ban on credit card payments at online casinos, so you won’t be able to use a Mastercard Credit Card to make a deposit. However, if you have a prepaid Mastercard or a debit card linked to your account, you will still use it the same way you would a credit card. The difference between a debit and credit card is that a credit card allows you to go into debt, whereas with a debit card, you can only spend what is in your account.
If you want more information, you can see our recommended list of casinos that accept Amex payments.
Maestro is a debit card owned by MasterCard. Thus, it enables you to fund your online casino account quickly and easily. This can be done through a debit card or a prepaid card, which is the same way you can with Visa Electron.
Ewallet & Pre Paid Payment Methods
While you might not be aware of wallets, many payment options are generally available for gambling sites. The most well know is PayPal, and there are specialist ewallet services for gamblers created by Skrill and Neteller.
PayPal, the world’s most popular online payment gateway, has grown tremendously in popularity over the past couple of decades. Using PayPal at casinos is a fast and convenient way to make deposits and withdrawals from your accounts without spending time registering a debit card or remembering complex security numbers.
It doesn’t matter if you are depositing with credit cards, debit cards, direct deposits, or wire transfers; with PayPal, you can send money to almost anyone worldwide.
Sealed with a 16-pin padlock, you can gamble safely with Paysafecard. You may want to use Paysafecard because it is one of the most secure casino deposit methods you can find. However, it requires a 16-digit code as part of the payment process.
This makes you confident that you will access your money in the online casino, with any theft of funds covered by the money back guarantee.
This alternative payment means you can quickly deposit your money to unscrupulous online casinos without losing control of your funds.
A popular ewallet option is Skrill, owned and managed by PaySafe. It’s similar to other payment methods in that you load money onto your online account before visiting casinos and making secure transactions. You can find out more about Skrill casinos and our expert recommendations.
Neteller is a fast payment system that has earned a reputation for being easy to use. High-speed transactions have been made reliable with online-only digital currencies such as the premium Net+ card and an alternative method of depositing into your favourite gambling site. You can learn more about Neteller at online casinos and what you need to know.
This is a new type of online payment service growing in popularity. You can have an ecoPayz account through which you can receive, send and spend money through one secure transaction point; it’s an excellent service.
No matter what payment mechanism you use, there is always an opportunity to make a bank wire transfer. One thing to be aware of with bank transfers is that you should always contact your bank to help resolve the issue if you have a problem.
Bank wire is one of the more time consuming ways of depositing funds into your casino account. However, it can be a lifesaver if you’re trying to get started with online gambling and don’t have access to a credit card or other methods.
However, bank wire deposits are usually slow and have varying transfer limits.
Instant Bank Transfers
Suppose you don’t want to wait to play your favourite casino games. How do you quickly deposit without an ewallet or credit card? With Instant Bank Transfers, you can access your money anytime and anywhere from a mobile device. You transfer the money directly from their bank account to the casino account, and within a few minutes, your cash has cleared, and you are ready to play.
Paying By Phone
Deposit through your mobile network provider is another popular payment method. Pay By phone generally involves making an online deposit through your mobile network provider, and these companies will then add that particular amount to your monthly bill. Again, it’s largely automated, saving you time depositing money manually and having a recurring billing set up to take payments.
Some operators are slowly rolling out the mobile casino pay-by-phone, an innovative payment method. With Boku, you transfer money to your online casino account through your mobile device. In addition, this mobile payments platform allows you to pay money through a mobile number providing that the network approves of the charge.
Payforit is another banking product. You can deposit into the casino using your mobile phone. However, the money will go to your Pay As You balance or monthly phone bill.
Zimpler is another online payment method that can be used to fund your casino account. First, enter your mobile number into the online casino website that you wish to use. That will automatically provide you with an anonymous code, which can then credit your account.
Alternative Casino Payment Methods
Since many consumers like to use online banking, debit cards, and credit cards for all their purchases, alternatives to these popular payment methods will likely replace them. Google Pay solves one of the biggest problems for online casino ewallet players: safely depositing money without revealing your card details.
Bitcoin Casino And Cryptocurrency
Bitcoin and cryptocurrency are some of the most widely used digital currencies, but even the most tech-savvy customers don’t understand how to deal with them. However, many online gambling sites will accept crypto, and you may even find there’s a bonus for new customers who decide to fund their accounts using digital currency.
Some customers prefer to remain anonymous when they deposit or withdraw funds from BTC casinos. The advantage of betting with an electronic currency is that it allows users to circumvent inflation, which is becoming a significant problem for many currencies.
The amount of money that customers are transferring between online payment systems is growing. However, customers often feel frustrated and confused by their fees when moving money from one currency to another. The Revolut method lets you open an account on a cost-free basis.
Customers who want to make casino deposits and withdrawals need a Revolut payment account to use this process. It is now becoming more widely accepted and includes the UK-regulated and licensed casinos. The easy management of funds makes this a win-win solution in the eyes of many.
Klarna is now a major global player in the payment processing industry. It offers instant and secure credit and debit card payment services to hundreds of thousands of customers worldwide. A Swedish banking group with operations in the UK, this fintech start-up is considering expanding into the US. There has been a lot of talk about Klarna’s foray into the gaming industry for some time now, but it appears they are serious about their plans.
If you’ve ever used Google products, you’re already familiar with what it takes to use the Google Pay app for online payments. However, if anyone could benefit from a casino deposit, customers can do so through Google Pay. The app is best used by customers who own Android devices and have downloaded the Google Play store app. Customers who make their casino deposits or withdrawals using Google Pay are free of any fees, such as chargebacks, and they enjoy the convenience of instant payment.
To deposit money into your casino account, you must have a bank card in your name linked with Google Pay to do so. You can also choose the withdrawal card for quick and easy withdrawal of funds from your casino account.
Apple Pay is an excellent way to pay for purchases, enabling customers to pay with a touch of their finger. It works the same as money transfer apps such as Google Pay or Amazon Pay, meaning there’s no need for credit cards or bank accounts. In addition, iPhone users who want to pay quickly can use Apple Pay, making it extremely easy for customers to purchase without worrying about security.
Apple’s iPhone makes it easy to buy things and allows you to make payments without having to use a credit card securely. Your mobile phone can help make payments safely and always in an instant. This relieves you from the pressure of filling out information on online forms and having to find your credit card to fill the numbers in because your device is already linked to your bank or credit card company.
Casino Deposit and Withdrawal Fees And Limits
We’ve put a table together showing the key pieces of information you will need to consider when deciding which casino payment method to use. The advantage of using an e-wallet can move through withdrawal requests much faster. The disadvantage is that the money has to be transferred from e-wallet funds to your bank account, meaning you have another process to impact conversion rates.
Fast Withdrawal Casino Options
Online casinos typically offer players instant casino withdrawal options to bring fast access to winnings. It’s a great way to turn the potentially profitable play into cash. However, not all withdrawals are instant, as the time it takes for funds to be credited back varies between cashiers, and you will have to wait for them to clear before the money becomes available in your bank account.
Funding methods offered by online casinos are a crucial part of their service. Anyone withdrawing from an online casino can reverse a transaction within 24 hours, providing that they meet all the requirements set by the casino.
Casino Account Verification and KYC Procedure
You may need to submit some form of identification when you first register. Online casinos require valid identification before you are allowed to play. When you register, enter the details of your driver’s license and a copy of your utility bill. The ID requirements are essential because they protect both the operator and the customer, assuring that only genuine players are playing in casinos and that customers are not allowing people to play with fake IDs.
Know Your Customer – KYC is the name commonly given to the process. Casinos determine that applicants with previous gambling troubles and a troubled betting history can afford what they lose. The information you provide is crucial but can be challenging to understand at first. Getting your application to go through smoothly will be much easier if you get some help from the online casino staff.
If you visit your casino, you’ll see the maximum amount you can deposit into your account. However, the real power in deposit limits allows you to set a monthly or weekly maximum. This provides clarity and security to casino players and their casino betting accounts, supporting online gambling accounts with a sense of control.
Playing As A High Roller
Some high rollers will want to play for significant amounts due to having a bigger bankroll than most. These high rollers can not only benefit from a VIP program at their favourite casino but are also provided with exclusive payment perks, allowing them to make transactions faster when it comes to casino deposits and casino withdrawals. In addition, some high roller casino players will be allocated a VIP manager who might facilitate the movement of money quickly to and from their account and some attractive bonuses exclusive to VIP players.
However, it’s clear that if you prefer to play high-stakes games, you should avoid payment options that can only move a small amount of money. Instead, we recommend using a debit card as an option where you can move a large amount of money. Ewallets are also an excellent option for high stakes players because they have fewer restrictions.
Minimum Deposit Casino Payment Methods
If you’re new to an online casino and only want to “test the waters,” deposits can be as low as £5. However, most welcome bonuses don’t work for small casino deposits, so note this before signing up. If you want to sign up for a new casino account, it’s worth looking at casinos stating that they don’t have any minimum deposit requirements to activate the bonus. Some casino sites offer free spins, which usually don’t come with minimum deposit limits, so these are worth looking out for.
Safe and Legal Casino Banking
Whether it’s sports betting, poker, or casino, the sportsbook sites reviewed at inkedin.com contains a comprehensive listing of recognised gambling sites. All the sportsbooks and casinos listed on the site have been certified by licensed gambling operators, and credible brands provide their services.
Regardless of the payment method you choose when opening an account, it guarantees that all payments will be made via secure methods without risk of payment fraud. In addition, you must use the same casino withdrawal option as the deposit to provide customers with financial stability that high-risk payments cannot undermine.
To prevent money laundering, all players are advised to use the same payment option when withdrawing funds from a casino as when they were deposited. This is to ensure that no money laundering is taking place and, as such, obtain funds from an external source.
Depending on your country, you will find a huge variety of deposit methods available. For example, PayPal is now the most popular online payment method and ewallet services like Neteller and Skrill.
US casinos are entirely different in terms of deposit methods. Many accept payments through Visa and MasterCard, Neteller, Skrill and PayPal, but some payment methods are specific to US players.
Canadian players have plenty of options for accessing online casino deposit options. With over 50 available deposits and withdrawals, with so many to pick from, you’re bound to find one that fits your gambling needs.