Online Casino Payment Methods
Being able to deposit and withdraw safely and securely at an online casino is one of the most important things for any online casino player. There are a variety of different payment methods that can be offered. Some methods will let you deposit while some will let you withdraw. There are of course an increasing number of payment methods that will allow you to do both.
Some casinos will give you so many payment options that you might get confused as to which one to choose. Don’t worry! We’ve got you covered with this guide. All that you need to know about the most popular payment methods will be written right here.
We tried to choose the most popular payment options that you might be likely to select as your preferred payment method. Whether you’re a first time player or a professional gambler, one of the first things that you need to decide is which payment method you will use. Read our guide to find out more.
Credit and Debit Cards
Credit and debit cards are two of the most popular payment methods used by online players. This is due to the fact that almost everyone is in possession of either one and it is quite easy to use. All you have to do is grab the card from your wallet, enter the details of the card and you’re good to go.
These payment methods are not the fastest out there when it comes to withdrawals. It is known that e-wallets process withdrawals faster. However, with the fast deposits, the cards get the job done, and you don’t need to adjust yourself to a new method as you’re already used to it in your day to day lifestyle.
A big name in the online payment industry is American Express, also known as AMEX, and it is used by many gamblers all around the world. In the online casino world, this payment method is supported by a number of online casinos. Online casinos that accept American Express as a payment method allows players to make safe deposits within minutes. Players can also withdraw at any time with no extra hassle.
Players can also download the AMEX app, available on iOS and Android, which helps them stay on track with their savings.
Visa is the most popular type of credit and debit cards used globally. Since it is the most sought after, it is also the most common and readily available to use at online casinos. It is often the most common go to banking method at online casinos. Deposits can be done instantly by entering the information that is present on the card. It is also an ideal way to make withdrawals since it is a safe and secure method. However, using a VISA might take longer to withdraw your money than when using an e-wallet payment method.
MasterCard is a deposit method that is accepted in most online casinos as it is a highly used payment option. MasterCard credit cards are simple, quick and extremely safe to use when making an online transaction. MasterCard is one of the two largest issuers of credit cards and debit cards and its network covers over 25,000 banks and other financial institutions.
When it comes to MasterCard, players can choose almost any online casino site to their fancy as most of them accept this method for deposits and withdrawals. When using MasterCard, deposits can be processed instantly. Just like when using Visa and credit and debit cards, withdrawals might take longer to get processed, depending on the terms of the casino. However withdrawals to cards have improved a lot in speed in the last few years.
Rupay is a new card payment scheme that has been launched by the NPCI in India to participate in electronic payments. Rupay is defined by two terms ‘Rupee’ and ‘Payment’. The orange and green arrows on the payment indicate a country on the move while the color blue stands for tranquility.
Rupay is available in prepaid, debit and credit cards and you may request your bank to issue a Rupay card. Using Rupay online can be done by entering your card details, similar to when using a regular debit and credit card. The number of rupay casinos online accepting the payment method is constantly growing. Deposit and withdrawal times vary but they are similar to those of the popular debit and credit cards.
In the early days of gaming e-wallets were the most used method offered by the online casinos and to this day are still very popular among online players. This is because they are one of the fastest methods to get your withdrawals straight to your bank account. After physical cards, e-wallets are one of the most sought after depositing and withdrawing payment methods.
Apart from being an extremely quick method to deposit and withdraw, e-wallets are also incredibly safe and secure. You can also store your card information all in one place. Popular e-wallet methods include PayPal, Skrill, Neteller, EcoPayz, and more.
However, one thing to keep in mind with e-wallet payment options is that, in some online casinos, welcome bonuses are not applicable if you are using one of these online payment methods as your deposit option. Make sure that you are aware of the casino’s terms before committing to your preferred payment method.
Neteller is one of the biggest and most popular e-wallet payment methods around. Processing is safe, secure and deposits and withdrawals can be processed instantly without any waiting time. Apart from online casinos, this method is also popular for online shopping and transferring money between individuals.
It’s very simple to sign up with Neteller. All you have to do is register for a free account on their website and add the funds to your account. This can be done from your card or via bank transfer.
PayPal is a very safe payment method that is widely accepted amongst most online casinos. However, in a few countries, PayPal is only accepted as a deposit method and not as a withdrawal. Before playing, make sure that you read the terms and conditions of your chosen casino. The use of PayPal is also sometimes limited to countries outside of the United States, Canada and Australia.
You can deposit money into your PayPal account via bank transfer or using your credit card and then use this money when playing at an online casino. Players can also link their credit cards to their PayPal account to make automatic withdrawals. This makes sure that your sensitive data is only shared on one website.
Skrill was set up in 2001 under the name Moneybookers. It has been rebranded and given the name of Skrill instead. Skrill is another popular e-wallet payment method similar to PayPal and Neteller.
It is a popular method for deposits and withdrawals and it gives you the opportunity to deposit and withdraw money instantly from an online casino. All you have to do is set up an account with Skrill and transfer your funds to your Skrill account and you’re good to go.
Online banking is the traditional method to fund your gambling account. By using this method, you can transfer money to and from your casino account easily. All you have to do is give instructions to your bank or use internet banking for deposits.
However, this method is not always an instant method of payment. You may need to allow a few days for the funds to clear into your casino account. When it comes to withdrawals, transfers are not automatic either. You will need to wait a few banking days for your funds to appear in your bank account. Although it is a safe and secure method as a payment option, it is not the fastest.
Founded in 1984, Interac is a popular payment method with a number of players. It allows players to transfer money between their bank account and their online casino account without sharing their personal data.
Interac is very similar to debit cards because it allows you to transfer as much money as you have in your account. In fact, this payment method is often referred to as Interac Debit. It is a very safe and secure payment method and deposits and withdrawals are almost instant.
Instadebit is a bank to bank payment that is also very popular with casino players. It is used for a variety of online payments and it is widely accepted as an online casino payment method. Instadebit has very low transfer fees and instant results.
Instadebit allows you to keep track of deposits and withdrawals and does not reveal any of your financial information.
NetBanking is a form of electronic transfer method that is being used in India. Making a deposit with this online banking method is cheap, convenient and fast. The money is typically credited to your casino account instantly after the transfer has been made.
Most online casinos accept NetBanking as a form of payment method for Indian casino players.
UPI works by transferring the funds between two bank accounts on mobile platforms. UPI works immediately and with no delays. In order for players to use this service, you need to create a VPA (Virtual Payment Address) and connect it to your bank account.
For deposits, you need to log in to your account and click on ‘Cashier’. Then, choose the ‘Make a Deposit’ button and click on the UPI section. All you need to do is follow the instructions given. UPI only allows small withdrawal amounts at the moment.
Bank to Bank Transfers
With the growing use of online banking, Bank transfers are less common as an online payment method when gambling online. All you have to do is give instructions to your bank to use internet banking for deposits. However, this method is not instant and you will need a few days for your funds to get processed, both when making a deposit and when making a withdrawal.
The processing time depends on the casino but it normally takes up between 1 to 4 days in total.
Crypto currencies are still somewhat new to the online payment industry but they have risen in popularity and they are growing in demand. This is because a small win today can mean big money tomorrow as its value fluctuates.You never know how your luck will turn out.
Although it might seem like a risk to some, its use is increasing, especially because of its instant deposits. When it comes to withdrawals, they are not meant to be instant because your win can multiply in size if you’re lucky!
Bitcoin is the most popular crypto currency payment out there. A lot of people know about Bitcoin and a number of gamblers use this method if they want to choose crypto currency as their desired method.
Many online casinos have started implementing Bitcoin to their payment lists. Deposits are instant but withdrawals can take up from 1 to 4 days to be processed. With Bitcoin and its fluctuating value, a small win today might result in a bigger win tomorrow, so knowledge is key, as value can of course also decrease.
Other Payment Methods
There may definitely be other payment methods involved at your chosen casino than listed here. However, this all depends on the country that you are playing from. India will have different payment methods available to Europe or the US, like Paytm for example. Before you register to an online casino, take a look at their payment methods section to see that you find one available for use.
eCheck can be found at a variety of online casinos. This payment functions similarly to a paper check. However, eChecks are electronic vs the traditional checks that come in the form of a physical paper. With eChecks, you still need to fill out the same information as you would when you are handing a check physically. This information includes your bank routing number, your bank account number and your name.
With eChecks, transactions could take up to 3 days to be processed.
Astropay is a pre-paid card, which you first purchase from an authorised reseller online. After the purchase is complete, you proceed to make a deposit to the casino using same process as for credit and debit cards.
Another prepaid card option to make deposits. Not commonly used for online casinos in India.
Cash on Delivery
A new and relatively innovative payment option for online casino. You will make your deposit with a payments agent who in turn will make the deposit with the online casino. This allows player who prefer not to make online transactions participate in the games.
All our recommended casinos are safe and secure. Our team of reviewers have taken the time to check out that the casino is licensed and regulated by international regulatory bodies like MGA and Curacao eGaming. Apart from that, all payment methods have been tried and tested to check their safety. There are also strict guidelines for the online casinos to follow under the Anti-Money Laundering directive, making online payments even more secure.
To withdraw your winnings, you need to verify your account with the casino, send in the requested documents to prove that you’re the owner of the account and then you will receive the funds depending on which payment methods you have chosen. It’s really that simple and safe.
We only recommend the most used and popular methods which is why our top casinos with their own methods have made it to our list. You can trust all of the options that we have recommended, however to avoid any delays make sure to read up on all terms, processing times and account verification process required by the individual casinos.
Pete is a Casino and Betting Operator player and writer. “I have tested and reviewed casinos for many years now. I look for the same qualities I appreciate when playing. My friends also play a lot, so I listen to their opinions and summarize the experiences to our casino reviews here at Casinomarket.”
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Last Updated on October 9, 2021