The moment you choose an online casino where you will play, you should also focus on what payment methods it provides you with. Not everything depends just on great casino games and special bonuses. Advantageous deposits and withdrawals are also important. By choosing the right casino, you can avoid transaction fees and long withdrawal waiting times. We recommend that you always find out the available payment methods for the casinos and carefully choose the one that best suits your needs.
We want to save your time, so we bring you all the information about the payment methods in online casinos. You will find everything you need to know about payments, including recommendations or a clear list of casinos that use those payment methods.
Overview of payment methods
Do you know what a payment method is? It is a way of depositing money to an online casino. The payment or debit card (VISA, Mastercard) is the most used method, but in recent years, virtual payments (Internet wallets, Bitcoin) has become very popular. In the gambling world, you will encounter many payment methods, that is the reason why we have chosen the most used and let you know about their advantages and disadvantages.
1. Payment card
The Visa/MasterCard payment or debit card is one of the fastest payment methods that players are thrilled to use. No wonder, because when using the card, you will have your money in the game account within a few minutes and you can possibly withdraw the offered bonus. In addition to transferring finances, this is one of the safest methods. If you decide for this form of payment, you will be asked to enter your credit card details (name, card number, last three digits from the back), enter the amount and authorize the payment.
Advantages
- fast money transfer
- Very secure method (encrypted)
- Familiar environment
- Usually higher bonus rewards
Disadvantages
- Lack of anonymity
- Limited validity of the payment card
- The casino may charge a fee
2. Bank transfer
If you do not have your payment card at hand, or you do not have Internet card payments enabled (e.g. you are not interested in them), then you can use a bank transfer. This is a straightforward way to deposit money into your player account, but it is also relatively slow. When using a bank transfer, it may happen that the money will appear in the online casino of your choice in 3 to 5 days. This time lag depends on the banking processes and time limits that banks set for certain operations. If you are a recreational player or you are simply in no hurry to pay, we can recommend this method of payment.
Advantages
- Safe method
- Well-known environment
Disadvantages
- Slow payment method
- Some bonuses might not be available
3. Cryptocurrency – Bitcoin
Cryptocurrency is becoming more and more popular in the world. The best known is the virtual currency Bitcoin, which value is very variable. Some believe that this currency could be a good investment in the future. If you already own a cryptocurrency, you will surely be pleased that there are also online bitcoin casinos. The big advantage is that in these casinos you can check if the result of the casino game was fair. For example, when rolling the dice or turning over the cards, you can check in real-time if the results were not affected in any way. We definitely recommend you to try these fair gambling games in online casinos. If you are interested in the way how Bitcoin works or would like to purchase a cryptocurrency for anonymous casinos, we recommend that you read our article here.
Advantages
- Very safe – Blockchain technology
- Anonymity
- Bitcoin can be used as investment
Disadvantages
- Varying Bitcoin value
4. Electronic wallet
Recently, the electronic wallet has become one of the most popular payment methods. Have you never heard of it? This is a virtual wallet, very similar to the physical one, but this one is on the Internet. You can put money in your e-wallet at any time which you will then use for your choice. The big advantage is that you do not have to open a special payment card or bank account because of this online wallet. Besides, it is an anonymous form of a payment transaction. It is no wonder, then, that this method of payment is one of the most practical methods. The e-wallet offers you a straightforward user interface that is easy to operate and also secure.
Advantages
- Anonymous money transactions
- Keeping an e-wallet is free
- Fast money transfer (in real-time)
- Low fees compared to other methods
Disadvantages
- Some e-wallets are not available in some smaller languages
- Loss of entitlement to the bonus in some casinos
- Fee for some operations (e.g. PayPal without using a payment card)
The most popular e-wallets in online casinos
PayPal: One of the most used e-wallets for secure payment on the Internet. It is offered in most online casinos. It is safe, and you can look forward to a quick money deposit and withdrawal. As the primary currency, you can set any you wish for this wallet. If you subsequently pay in another currency, the amount will be converted according to the current exchange rate. You can connect your payment card to PayPal, which you can then set up with the required information in the user interface. PayPal payments are charged in some cases. If you only have money in your PayPal account before the transaction and you do not use a payment card, this will be charged.
Skrill: Online casinos are also pleased to offer their players one of the oldest and most popular wallets on the market – Skrill. You can easily transfer money to your Skrill wallet from your bank account with a few clicks. If you do not speak foreign languages, you do not have to despair. This e-wallet is available to you in various languages. Besides, you can ask for a prepaid Mastercard, where you can use your money in a Skrill account for a minimum annual fee. Would you like to learn more about Skrill? Read our article and find out not only how exactly this e-wallet works, but also in which online casinos you can use it.
Neteller: Neteller is another popular e-wallet. Also in this case (as with Skrill) you can request the establishment of a prepaid card. This e-wallet is accepted at many online casinos. The only downside might be the fact that some foreign casinos do not offer certain bonuses for this payment method. Nevertheless, we recommend that you try Neteller. This is a secure payment method because Neteller uses a special encryption key.
EcoPayz: This is one of the many electronic wallets that you can use, for example, in online casinos that accept this payment method. Registering this wallet is very easy and fast. Just verify your credit/debit card. You will be able to make withdrawals directly to your bank account, but not with the classic account you get at the beginning. Firstly, you need to upgrade your account from Classic to Silver, which will give you more benefits, including the ability to withdraw money.
Trustly: An e-wallet that is widely accepted by online casinos. It offers you a simple and secure interface. Plus, it does not ask you for as much personal information as other e-wallets. You can look forward to fast, free payment transactions at online casinos that allow this payment method. Sometimes there may be a slight delay, but most of the time you can deposit and withdraw money within about 2 hours.
Paysafecard: Paysafecard is a place which is worth the attention. This is an electronic wallet in which you insert purchased special coupons. Payments are made using a 16-digit PIN code (found on the coupon), which is not linked to a credit card, bank account or other personal information. Paysafecard is, therefore, completely anonymous.
WebMoney: This online wallet is only accepted by some online casinos. If you try some of them, you can look forward to fast, smooth and secure deposits and withdrawals. All you have to do is register for a WebMoney account and deposit money into this e-wallet in the offered way (e.g. Visa/Mastercard, bank transfer…). Then you can start enjoying all the benefits of this payment method.
Coinspaid: If you like to use cryptocurrency, then the Coinspaid crypto gateway will be the right choice for you. It supports many cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, Ethereum and many more. CoinsPaid is not only a crypto gateway free of charge but also a crypto wallet and crypto exchange office.
