Online Casino Payment Methods – Which is Best?

casino payment methods

casino payment methods

casino payment methods

Although free play slots at new online casinos are the perfect way to relax, some players like to add even more excitement to their favourite games by playing for real cash prizes. But to follow suit, you’ll have to decide which payment method to use. Don’t assume that every casino offers every type of payment system. They all have their own preferences, so it’s important to read their terms and conditions to find out what they offer. Some common hazards to look out for include not being allowed to use the same method for withdrawals as deposits and additional fees for transactions with particular payment methods. In our guide, we’ll outline the most popular methods you can choose when playing for cash at one of our recommended no deposit casinos.

Credit and Debit Cards

Online gambling is continually evolving with new regulations to safeguard players. The most recent development occurred in April 2020 when the United Kingdom Gambling Commission banned the use of credit cards in any online casino with a UK licence. You can still use a debit card such as Visa, Maestro and Mastercard. It’s a convenient method that is offered by almost every online casino. Transactions and personal details have the protection of 128 bit SSL security and encryption code. However, any withdrawals can take up to five working days to appear in your bank account.

E-Wallets

Digital money wallets provide additional security by keeping your bank details private. E-wallet transactions are virtually instant. It’s a useful system if you want to keep your casino finances on an allowance that’s separate from your other expenditure. There is a wide selection of e-wallets to choose from including EcoPayz, WebMoney and Zimpler. Some of the most common are Neteller and Skrill which are both run by PaySafe. The most established e-wallet is PayPal, but it’s not offered by a wide number of online casinos. Remember, some casinos won’t allow you to use the same e-wallet for deposits and withdrawals.

Pre-Paid E-Cards

Practical and completely private, pre-paid cards such as PaySafeCard can be purchased as physical cards from outlets such as newsagents or as online virtual cards. Many are supportive of multiple currencies eliminating the problem of losing funds when converting to a different currency. It’s a pay as you go system that will need regular top ups using vouchers with sixteen digit codes. It can be a useful system if you want to limit your casino spending. It’s easy to use and provides virtually instant transfers. It’s unusual to find an online casino that imposes fees for making deposits with a pre-paid card, but you can often be charged for withdrawals.

Bank Transfers

Transactions between your bank and online casino account are quick and straightforward. They don’t usually incur fees. However, withdrawals using direct bank transfer can take a few days to clear depending on the casino’s processing schedule. Safe and secure bank wire transfers are often the preferred choice for withdrawing the large amounts of money won by high roller players. These transfers can take up to ten days to complete.

Mobile Systems

With so many players choosing to play their favourite slot games on smartphones, a mobile payment method such as Boku can be a convenient choice. Transactions are safe, secure and virtually instant. An alternative is to use your phone account. Whenever you make a deposit with this system, the transaction is added to your monthly mobile bill. It’s even suitable for pay as you go phones. However, the method isn’t yet a standard feature at every casino.

Cryptocurrency

A cryptocurrency such as Bitcoin offers complete privacy as it doesn’t have centralised control. Transactions are instant. We have a helpful list of bitcoin casinos offering free spins bonuses

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