All About Online Casino Payment Options
If you’re one of the more inexperienced online gamblers out there, all those online casino payment methods might be a bit of a beat-your-brains-out issue. But however complicated it all might seem, don’t worry. We are here to simplify it for you!
Ever since the whole gambling community decided to follow up on the trend of digitalization, online casinos have become one of the most popular forms of gambling. One can avoid crowded casino floors and stressed situations, save some gasoline, and enjoy a couple of rounds of their favorite games in the comfort of their own homes. This is all thanks to a little invention called the internet.
Besides, since competition has become even harsher during all these years of online gambling, casino bonuses have become even more attractive to players. In fact, did you know the Return to Player percentage goes way higher at an online establishment than it does in brick-and-mortar casinos?
So, taking all of these factors into consideration, the probability of earning some extra money online is pretty tempting, isn’t it? The next issue we will discuss at this point is your deposit and withdrawal options. Are you going to receive some actual real money after your next stroke of good luck? Yes, real online casino does pay out, just like land-based ones.
However, the pending periods are different, and this is one of the downsides of online gambling. In order to get the money on your account, you just have to be patient. There is no cash register, just some online banking transfers. And while we’re at this topic, you need to pick a respectable institution if you’re expecting any type of payment from your next gambling spree!
Under a Cloud of Suspicion — Choose a Respectable Casino
People always have some kind of fear when it comes to innovations. This was also the case with online casinos in the early 1990s. And whenever we talk about online banking in general, it wasn’t as popular as it is nowadays. The 21st century did indeed reveal a whole new universe with many different options. But some old school gamblers refused to change their habits.
Is it safe to trust your money to some virtual casino, where you have zero contact with people, croupiers, house dealers, and managers? As we stated previously: yes it is, as long as you choose the right casino. Unfortunately, there are many blacklisted ones out there. And, yes, it is essential to know your payment options; but the trick here is to choose a reputable institution in the first place!
How can you be confident that you made the right decision? Well, it’s pretty simple. All you have to do is take some time and comb through the casino’s Terms and Conditions section. Everything you need to know is written there. However, there are some casinos which like to confuse their users with some fancy lingo. And that’s enough to make even a professional player confused, let alone someone less experienced.
But if such a situation should ever occur, we suggest you try contacting the customer service. Most good casinos offer 24/7 live chat support, where you can share your concerns with the operators. If they continue to reply in a confusing manner, or God forbid, ask you to sign in without giving you some decent answers, then you can just give up on them. Find another online casino, because at the end of the day, there are plenty more fish in the sea!
But if all this just seems like too much effort, you can always visit some well-known gambling platforms and check out some reviews from other users. There are lots of casinos that have got themselves blacklisted for various reasons.
Things to Remember About Online Casino Payment Options
Don’t worry: in this article, we’re not just going to provide you with some dry and dusty list of payment options. We’re also here to provide you with some tips and tricks as well! After many, many years in the online gaming industry, we have all done our fair share of online gambling. So this is why we’re fully confident to recommend our choices for the best options out there, just for our readers! And the most important thing to all of us is, of course, the safety of our money. The fastest way isn’t always the best one!
And after all those years, here is what we have learned. In order to play at a casino, you will have to place a deposit. You can do so by using one of many available payment options. This also varies from one casino to another. However, some of the most popular options are more or less the same in every online casino.
Online casino players can deposit and withdraw money by using either an e-wallet, bank transfer, cryptocurrency, offline payment, or the most popular one — credit cards. In some cases, the deposit and withdrawal options cannot be made by the same method, and it is very important to check this. This also depends on the particular online casino you’re using. So always remember to check if your casino has withdrawal limits before you decide to use a specific payment option. Better safe than sorry!
How to Pick the Best Online Casino?
Do not focus on the “external” beauty of the homepage design. Your primary concern is at the bottom, in the Terms and Conditions section. Any good casino should have the following features and options:
- A valid license, just in case you need a third party to solve any potential issues you may have
- List of countries, because you need to make sure that you can make online money transfers from your state
- 24/7 live customer support
- Clearly written Terms and Conditions to avoid any misunderstandings
Online Transfers Using Credit and Debit Cards
If this is your first time as an online gambler, the thought of giving your money to somebody else probably sounds pretty unsafe. However, you shouldn’t be worried at all if you have taken all of the safety measures we told you about above. Because when it comes to card payments, which are one of the most popular payment methods out there, the last two decades have brought some impressive improvements in online security.
Indeed, the old days of gamblers sweating and praying to gods old and new are way behind us. Debit and credit cards transfers are pretty safe. Just relax and use your card; they are really easy to work with! Here are some of the most popular options you can choose from.
Visa
Visa has been the number one choice of every gambler, ever since the dawn of online casino gambling. This method is one of the most widely loved and reputable payment options on the web. Visa has some significant safety features to keep your information as private as possible.
In a nutshell, this isn’t just a really safe method of payment. It’s also one of the fastest ways to transfer your money, almost instantly.
MasterCard
Our second runner up is Mr. MasterCard, which is just as good as Visa. In fact, Mrs. Visa and Mr. MasterCard are two fierce rivals out there. Why is that, you ask? Well it’s because they have an almost identical number of users, and they are both similarly easy to use. And of course, they have really secure payment methods; So if you prefer to use this method to transfer your money, you’ll never have to worry about whether your funds are safe!
American Express
Here’s another giant among credit/debit cards right here. This one is actually the most common card used by many American clients worldwide. In the realm of online casinos, you will find that this payment service isn’t as popular as the first two are. In fact, just a handful of casinos accept this payment option. But is it safe to use American Express? Yup, just like Visa and MasterCard, it’s just not as wildly popular, that’s all.
E-Wallet Online Transfers
Lately, this payment method has been threatening to dethrone credit and debit cards. Apart from the fact that this payment option represents one of the fastest ways of depositing and withdrawing, it also has a great security section. On top of that, you have all of your card information stored in one place. Here is our list of some prevalent e-wallets below.
Skrill
In 2001, the brand named Moneybookers was launched, later evolving into one of the most popular ones out there — Skrill. The conditions of the brand have never changed. It provides the same type of quality service as it did back in 2001.
Neteller
Just like Visa and MasterCard, Skrill and Neteller are two biggest competitors. Neteller is especially prevalent in the world of online casinos. This payment giant started its operation three years after Skrill, in 2004.
PayPal
This is the third most popular e-wallet. It’s famous for being one of the quickest and easiest ways to pay for online goods and casino deposits, all over the web. Just like most e-wallets, PayPal also keeps all of your precious private bankroll information stored in one place.
Offline Methods of Funds Transferring
Even though there is a whole new world of online payment methods, some casinos do have old-school ones.
E-Check
This option remains as one of the most common old-school methods in many online casinos. Essentially, it works in the same way your regular paper check would. The main difference between them is the fact that this one is electronic, and the other one is physical. But you will still have to fill in the same information as you typically do. This includes your bank account number, of course, your name, and your bank routing number.
Bank Wire
Just like e-Check, Bank Wire is yet another great option to help you transfer your funds back and forth to the online casino. This method the same as it would in the case of casino, as you would usually do it. This means that the transfer can be done via cash office or your local bank.
The World of Cryptocurrency
If you happen to be the “new trends” follower, this payment method is the best choice for you. This revolutionary trend has recently emerged and has been gaining more and more popularity each year. Even though the value of cryptocurrencies may vary from time to time, if you are a smart investor, you’re sure to be hopping onto this fast train to success as soon as you can.
2009 was a revolutionary year in which a whole new concept of digital money started. I.e. Bitcoin, one of many cryptocurrencies, made a premiere on the global mainstream market. It represented the world’s first decentralized currency, while providing the users with complete control over it via its peer-to-peer marketplace. One of the best features of cryptocurrencies is the fact that you can generate some new ones through mining.
And online casinos do accept this kind of deposit and withdrawal options.
Bitcoin is one of the most prominent ones out there; but there are also Litecoin, Ethereum, Zcash, Dash, Ripple, and many more.
Final Thoughts
We hope this was enough to clarify any concerns you had about this topic. First of all, choose an excellent online gaming establishment, then spend some time studying the Terms and Conditions. After you do your research, check your country’s status (if the casino accepts players from there), and make sure everything looks good: then you can start playing!
There is no way that you can ever be relaxed while playing if you have some fears about withdrawal methods. So if you follow our guidance, pretty soon all of those issues will disappear. So be smart, and good luck!