Casino Payment Methods: A Full Guide on the Best Providers for Depositing and Withdrawing!
Currently, there are many traditional and modern casino payment methods. Find the best methods that are convenient for your gaming needs on our online casino payment methods guide.
Playing online casino games is fun, but the thrill goes a notch higher when money is involved. There are dozens of casino payment methods that you can use to make deposits and access your winnings at online casinos.
But not all of them will suit your lifestyle and give you the speed and convenience that you need while gaming.
The best online casinos provide you with diverse payment options, allowing you to choose the most convenient method.
Our guide to online casino payment methods highlights each method’s pros and cons, and how to choose the best payment option.
Credit Cards and Debit Cards
These are the most common online casino payment methods. Your choice to use a debit or credit card depends on the source of your money.
If you intend to use a debit card, you should have some funds in your bank account. Alternatively, you can play using advanced credit from a credit card. In short, a credit card allows you to play with funds that you do not have and later pay for them.
However, beginning in April 2020, credit card deposits into UK casino accounts were prohibited.
Popular credit and debit card options that are supported by most casinos include:
The Visa card is globally accepted, making it ideal for transactions. It is preferred by most casinos as the payment method for first deposits when claiming a deposit bonus.
Most casinos do not charge any fees for transacting via this method. The common Visa cards include Visa, Visa Electron, and Visa Delta.
The MasterCard credit card has been a popular payment option. However, it is no longer supported as a method for funding your casino account. Nevertheless, MasterCard debit cards can still be used for deposits as long as you have money in your bank account.
This is a debit card from the MasterCard Company that works the same way as Visa when making deposits into your account. It is, however, not available as a withdrawal method in most casinos.
American Express card (AMEX) is a debit card payment option you can use in most UK casinos.
Prepaid cards get you a convenient means to deposit into an online casino using cards loaded with funds. You can purchase them online or through card merchants. They also make it convenient to plan ahead as you can only play with funds that you already have on the card.
The popular prepaid cards include:
Paysafecard vouchers grant you secure and convenient deposits into the casino. It is, however, not supported for making withdrawals in most online casinos.
It was supported for transactions but is no longer operational.
It is a virtual prepaid card that allows you to take better control of your budget when gambling. The deposits are instantly processed.
It works in the same way as the plastic Ecocard and is ideal for making instant deposits into your account.
Operates as an e-wallet and prepaid card for making instant online casino payments.
E-wallets are some of the most efficient and fastest means for transferring funds to and from your online casino account. They also get you an extra layer of protection as you don’t have to provide personal banking details when making a payment, unlike credit and debit cards. You only need to provide your login details, such as an email address and username.
Popular e-wallet payment options include:
It is an e-wallet payment option that lets you make instant deposits and fast withdrawals. You can access your withdrawals within minutes or a few hours, depending on the online casino’s withdrawal policy.
It is a popular e-wallet option that is available for online payments. The transactions are secure and fast hence making it a convenient payment method.
Your Ecocard e-wallet provides an extra layer of anonymity when making payments at an online casino.
Mostly preferred for its availability in many locations and its support of multiple currencies.
It is among the efficient e-wallets that enable you to deposit into your casino account and access your winnings.
Enables you to make cash payments through a retail outlet. It is ideal if you do not have or want to use your card or bank account to make the deposit.
Accords instant money transfers free of charge.
It is an e-wallet option that allows you to make instant deposits from your bank account to the casino.
Pay by Phone
Pay by phone bill method offers you a convenient medium to transfer funds via the phone bill option. It is mostly ideal for players who prefer to play casino games on mobile platforms.
You can fund your casino account with your phone bill just as you would cover your telephone and data charges.
Enables you to make payments via phone bill
Enables you to make instant payments through your mobile gaming device.
You can play casino games with Bitcoins and other cryptocurrencies. The payment service is fast and available in many online casinos.
You can use the method to make a withdrawal too. The pros of using cryptocurrencies are that the transactions are fast, anonymous, and do not incur any fees. Popular cryptocurrency casinos support the following currencies:
Available as a deposit and withdrawal option in most sites.
You can make fast online casino payments using Etherium.
It is a digital currency just like Bitcoin that makes it easy to deposit and withdraw your money.
Bank transfers are an ideal option when you need to transfer large sums of money as a high roller or a serious casino player. It is also available for making deposits, debits, and withdrawals on your casino account.
Best for making a large deposit or withdrawal.
Online /virtual checks are ideal for making deposits in most sites.
Most preferable for making deposits. However, you should first confirm its availability in your locality.
Preferred for its fast and anonymous transfer of money. However, you must have a bank account to use this service.
Popular option for making a quick deposit or withdrawal.
These are methods that are necessitated for mobile device players. The payment app is linked to your bank cards.
Provided for Apple mobile device users for deposits and withdrawals.
Available for deposits and withdrawals on Android mobile gaming platforms.
Modern payment method that uses a contactless debit card to make payments. However, due to the recent laws on making deposits using card methods, it is advisable to confirm its availability first with the specific casino.
How Does Online Casino Payment Verification Process Work?
Online casinos have a duty to deter criminals from carrying out money laundering practices using their player accounts. Therefore, players are required to verify their identity and payment methods by providing necessary documents like bank statements or utility bills.
The details on credit and debit cards can also be used to verify a player’s identity. This is because most credit and card details are linked to a player’s bank account. The casino will usually require you to make a small transaction that is then verified by the bank as confirmation that the account is yours.
How to Select a Casino Payment Method
You need to select an online casino payment option that suits your level of gaming and your lifestyle. For instance, you need to consider the best medium for transferring large sums of money if you are a high roller or the best small deposits method.
Below are some of the considerations you should make when choosing the best casino payment option:
- The best payment method for low deposits at a casino: Pay by phone bill options and prepaid card vouchers are ideal when you need to transfer lower amounts of cash to your account.
- Best casino payment method for high rollers: Bitcoin and bank transfers get you the highest limits when making large deposits, making them the best options for high rollers. E-wallets are also ideal for transferring money quickly into and out of your online casino account.
- Other popular casino payment methods include card payments, e-wallets for fast payments, and prepaid cards for players who want to avoid overspending when gambling.
- You should also consider the speed of the payments. Other factors include charges, limits, and the payment medium’s availability for both deposits and withdrawals.
Which Payment Methods Are Most Secure for Casino Deposits and Withdrawals?
Online casino payments are secure and safe for making deposits and withdrawals. The casino provides security through the use of SSL encryption software, and there is no risk of losing funds when you use any of the payment options provided at the site.
Other security measures include 2-step verification, use of a PIN, and Password or unique transaction codes.
Which Payment Methods Facilitate Fastest Casino Withdrawals and Deposits?
Bitcoin and e-wallets are the fastest payment methods for making casino payments. This is because there are no third parties involved in the transaction. It is done directly from your casino to the e-wallet account and vice versa.
Must I Always Use the Same Method for Depositing and Withdrawing?
Most online casinos encourage players to make withdrawals using the same method they used for deposits. However, not all deposit methods can be used for withdrawals. This includes options such as prepaid card deposits and some credit card payments.
Are There Any Fees When Using These Online Casino Payment Methods?
Most deposit options do not incur any fees. However, some withdrawal options could incur a small charge, which is specified by the specific casino.
What Casinos Have the Best Variety of Payment Methods?
The top-rated online casinos support multiple payment methods to make it easy for players to make hassle-free payments. Some of the UK sites with diverse payment options include:
Players can deposit funds using PayPal, cheques, Neteller, Visa, MasterCard, Ecopayz, paysafecard, Entropay, maestro, bank transfer, Apple pay, Astropaycard, iDebit, MuchBetter, Skrill, Trustly, Webmoney. The supported options for withdrawals include bank transfers, Neteller, Visa Debit, Paypal, Cheques and Skrill.
You can deposit using Visa and MasterCard, Bank transfers, Skrill, Neteller, Paysafecard, and Boku pay by phone. To make a withdrawal, you can use bank transfers, Skrill, Neteller and Visa cards.
You can fund your account through Citadel instant banking, Visa, MasterCard, PayPal, Skrill, Neteller, Paysafecard, Ecopayz, Maestro, Fast bank transfer, and Direct e-banking. Withdrawals are processed instantly and the funds may reach your account within 2 to 7 days depending on the method used.
In Which Currencies Can I Make a Deposit?
Most online casinos support multiple currencies. However, check the payment provider’s terms and conditions concerning the supported currencies and their limits before choosing.
What Are the Minimum Deposits in Casinos?
Every online casino has terms and conditions regarding how much you can deposit. This includes the minimum and maximum amounts for each payment method.
However, most casinos take £10 as the minimum amount that you can deposit.
Does a Time Limit for Withdrawing Money Exist?
Most withdrawal options have limits within which a withdrawal request must be completed. The time limit serves as a pointer to how long you can wait before the process can be completed and before you can get the funds in your account.
If the timelines exceed by far, then you have reason to contact the customer support to hasten the process or inform you if there are problems with your withdrawal request.
For instance, e-wallets mostly take up to 24 hours, card payments take 3 to 5 working days, while bank transfers take up to 7 days. Any delays above these timelines would point to a problem with the withdrawal request.
Casino Payment Methods – Choose the Best Option
There you have it! All you need to know about how to transfer money to and from your casino account. Depending on your needs, you are now in a position to make the best decision on whether to use e-wallets, cards, or bank transfer options when funding your account.
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