Casino payment methods
Online casino deposit and payment methods, perhaps, the most important part of the whole withdrawal process. Each player should make it clear in order to provide a proper and safe transaction. Also, it might get confusing because online casinos offer gamblers multiple choices such as paying with credit card, digital card, or with cryptocurrencies. Each of these methods has its own specifics which every beginner should be aware of. This article will help you to clarify how to pay for gambling online and what is the most profitable way of doing it. You’ll also find information about its pros and cons, bonus system, and necessary details as licensing and regulations.
How are the deposit methods reviewed?
There are a few paying options that the player can find. The most popular among all of them is paying with a credit card. Usually, by choosing this method, gamblers pay via Visa issuer. Perhaps, it is one of the most convenient variants. Visa cards come in a variety of types to fit customers’ specific needs. Moreover, all casinos accept them. It doesn’t matter if it is prepaid, credit, or debit card until it has a MasterCard logo on it. However, for the USA the most preferred payment card is AmericanExpress, and for Europe, it is Maestro debit card.
The other option is a digital wallet. Luckily, this method was adopted by a lot of casinos and is convenient as well. By the way, the digital way of paying is secure enough and can be trusted. To be specific, there is a UK-based provider called Neteller that is widely used among gamblers. It is accepted by a large number of online casino platforms. Also, you have probably heard about European providers such as ecoCard and ClickandBuy. They make transactions really fast and unproblematic. EwalletXpress is a popular e-wallet for North America. However, the USA’s gamblers prefer UseMyWallet better. According to Germans and Russian, Click2Pay is the most convenient out of all casino payment methods.
Each player can also use a bank transfer if he’d like. There is a rank of services that provide quick and secure payment:
Majority of these options are local which means they are linked to the banks nearby. However, UseMyBank is the most prevalent option for gamblers from Europe (the UK, Austria, Poland), and also Canada, and China. Nordea is suitable for Scandinavian countries, while POLi in New Zealand and Australia. Banks like iDEAL, Sofort, and Giropay are popular among German, Dutch, and Austrian gamblers. There is also PayPal which became another one of casino payment methods among players in Europe, and India.
One more option is prepaid cards. Although, there is a significant disadvantage such as inability to withdraw winnings. Anyway, a large number of gamblers use them. For example, Visa provides its users with an EntroPay card that can be accepted by a lot of online casinos. Players from the USA and Mexico prefer to use AstroPay. There is also PaysafeCard which is one of the most prevalent casino payment methods in the world.
Lastly, gamblers can also use mobile payment variants. It is an innovative option and it is still improving. Though, if players want to try this method, there is an online platform that has been proven and guarantees secure transactions. It’s called Boku.
How do deposit methods work?
Let’s overlook 10 of the most common and popular ways to pay for gambling online.
Visa, perhaps, the main company among all of the banking platforms. It is accepted in a large number of countries all over the world and definitely can be trusted. It gained its reputation throughout the years and it won’t let you down for sure!
Neteller is a well-established company. No gambler hasn’t heard of it. A lot of players all over the world are using Neteller and are satisfied with the security and reliability it provides.
Skrill is as popular as Neteller and usually is compared to it. This banking platform offers a lot! It is safe, fast, and powerful enough to compete with the previous two.
PayPal is another proven way of casino payment methods and is accepted in a wide range of countries. This e-wallet system is convenient in usage and provides players with stability and a quick transaction process. However, it is accepted only for casino deposit in a few countries (i.e. the UK).
iDeal is convenient and popular among germanic gamblers (i.e. the Netherlands, Germany, and Austria). It’s a good choice for transactions and all the payments. There will be no obstacles with depositing with iDEAL.
Cryptocurrencies are gaining popularity in recent years, and that’s why Bitcoin is another possible way to make an online casino payment. Nowadays it’s available in a large number of casinos and can be easily accepted.
MyCitadel is another e-wallet option to pay for gambling online. It lets gamers deposit in online casino without giving any personal or card information. Also, it won’t make you wait for ages. MyCitadel is reliable and safe as well.
EcoCard is a convenient way to deposit or transfer money from an e-wallet or vice versa. It is prevalent in Canada and across Europe and works with a wide range of different currencies. EcoCard guarantees security and easy use.
Pay by Phone
This payment method fits those people who use their phones or tablets for gaming. Now mobile casino deposit is as easy and convenient as mobile gambling. Protection, security, and reliability – it’s all about Pay by Phone.
Just like Visa, MasterCard is one of the most popular banking platforms out there. It has a good reputation and can be trusted as well. Gamblers can be sure that their personal and financial information will be safe, and money won’t be laundered.
Pros and Cons of deposit methods
Online casino payment obviously has a lot of advantages but there is always the other side of the coin.
There is a wide range of reasons why online casino deposit methods are convenient:
- It’s fast and you can get your transaction done just in one click;
- It’s secure (of course, if you use a proven bank and trusted casino). All the personal information is safe and hidden from third parties. Always choose a licensed casino (Curacao is one of the best license companies) to avoid problems with safety;
- It’s easy to use. You can send or receive money through an e-wallet or digital cards, etc. Again, you can deposit in online casino or withdraw money with one click!
Unfortunately, with the “pros” come “cons”:
- In a case you chose an uncertain deposit method or bank, your money can be lost forever;
- Some deposit methods such as bank transfer can make you wait (still not for a long time, so it’s not a big deal);
- You may face restrictions that won’t let you pay with the chosen method because of your location. Anyway, you just have to choose the other option. It might bring you difficulties but they won’t become real obstacles.
Deposit methods Bonuses
There are few perks that go together with the payment process. These perks are bonuses. Mostly, online casino deposit methods provide its players with a welcome bonus. It might also be called a sign-up offer. Each player gets it after registration and the first deposit he makes. Usually, the bonus matches 100% and can be worth 14,500 INR or even more.
The other way to boost your bankroll is a deposit method bonus. Here the player has to be careful and choose the most profitable banking platform to make more money. To cut it short, gamblers get money, using specific methods that are required by the casino in order to get the bonus. The other advantage is that this bonus is based on percentages. They are small compared to the Welcome bonus (up to 15%) but still give you something. For example, if you received a 15% bonus and you use Visa or MasterCard with a balance of 14,500 INR, you might get a total of 16,800 INR.
In addition to a deposit or welcome bonus, the player might also receive a certain number of free spins. If it’s a part of a sign-up offer, then you’ll get up to 100 free spins. Its amount varies and depends on the casino’s rules.
Deposit methods Gambling Regulation And Licensing
Unfortunately, sometimes gamblers face deception. The reason for this is precarious casinos. Remember to never trust those gambling platforms that aren’t time-tested.
If you are a newbie at online casinos’ deposits, you should know about some huge licensing companies that are in charge of different casinos and their bonus system in particular. One of the most common and reliable licensing companies is Curacao. If the casino you play in is licensed by them, breathe out and chill. Curacao always regulates its casinos and never lets them deceive gamblers. Also, the other security sign is a license from the UK Gambling Commission. With the tutelage of these companies, casinos won’t launder your money or trick you with bonuses, deposits, and payments.
What is the most important thing while choosing a payment method?
First of all, payment methods must be secure and reliable. So, before depositing, check if the particular method is approved by authorities, read through other players’ reviews, and only then choose one or a couple of options that are the most convenient for you.
Does my location impact the payment method?
Well, some of the banks are local as we previously mentioned, so you’ll be offered with the banks nearby. Also, different states and countries have their own regulations that dictate rules.
What is the fastest payment method?
If you want to make your transaction as fast as possible, it’s better to use e-wallets. These are designed especially for this purpose and don’t need your personal or financial information.
There are a variety of options for payment methods. Gamblers can use debit or credit cards, e-wallets and digital cards, or bank transfers for online casinos deposits. Also, gamblers can use any currency: both fiat and cryptocurrency. All the players can choose the most convenient way for themselves. Some deposit methods bonuses that can help you to make more profit from the signing-up process. So, make sure to get acquainted with them in order to use them further in online gaming. Before deposit, remember to check how reliable the casino is by checking its regulation and license. Once everything is done and you see that the casino can be fully trusted, go ahead and boost your bankroll!