Payment Methods are the Backbone of a Successful Online Casino

Payments are among the most critical components of real money play at an online casino. Every casino nowadays provides a completely secure environment for players to make payments and also tries its best to provide players with a number of options for making payments. That is why when you go to the bottom of the landing page of a casino or visit the Banking tab you are likely to find a number of payment methods;

The most commonly available payment methods supported at online casinos include credit cards, e-wallets, prepaid vouchers, and direct banking methods. A number of casinos also support payments through debit cards – the cards supported depend on the casino operator and also the software that powers the casino.

Payment Methods – The Luxury of Choice

One of the best things about a top quality online casino is the choice of payment methods that players get. The temptation then is to use any one of the numerous choices available. However, that may not work out to the best interests of the player when it actually comes down to making payments or withdrawing winnings from their casino account. Here are a few recommendations when it comes to choosing a payment method to use when you are playing in real money mode at an online casino:

Using a registered payment method helps: Players have to register a deposit method at the time of opening an account and depositing funds. Using that registered methods is a big help because then the casino automatically opts for that method and players do not have to register or opt for a fresh method each time.
Checking the deposit limits can be a big benefit: Checking the deposit limit is a must because it helps players know the maximum amount to deposit. Also, knowing the percentage bonus applicable is another factor that determines how much a player will deposit at the most.
Checking the timings for the deposits is smart: To know how long a deposit method is available, players must check the timings that the deposit is valid for. Otherwise the deposit may not yield much, especially if the bonus associated with it has expired.
Learn the advantages of using e-wallets: Learn the advantages of using e-wallets. E-wallets ensure instant deposits and fast payouts. Players get access to funds faster, be it after depositing at the casino or withdrawing to a player’s bank account.
The absence of e-wallets is not a disadvantage: At the same time, it is not a bad thing if there is no e-wallet available. Because there will be a number of other methods to choose from.
There is no risk when withdrawing funds to a bank account or credit card: Casinos offer completely secure payments and withdrawals with the use of industry-standard security technology. So there is no risk of your private information falling into the wrong hands when withdrawing funds to a bank account or credit card if you are transferring funds directly. The no-risk situation gets even better if you are using a third party interface; the casino does not get access to your bank or card details.

Payment Methods Available: A Comparison

As mentioned above, there are a large number of payment methods that online casinos support. Some casinos support most or all of them, while there are others that support a few of them. So what are these payment methods and what are the benefits of using them? We list all that out for you in the table below.

Payment Method	Type of Payment	Countries Available	Positives	Negatives
MasterCard	Credit card	All over the world	Popular as it is very: Secure Fast Convenient Reliable Almost every casino accepts MasterCard.	The personal details of the player have to be shared with the casino. Many casinos do not permit it for withdrawing funds.
Visa	Credit card	All over the world	Popular as it is very: Fast Secure Reliable Convenient Almost every casino accepts Visa credit cards. Many accept it for withdrawing funds as well.	The player’s personal details are shared with the casino if they use Visa.
Maestro	Debit card	All over the world	Popular as: It allows transfer of only money that the player has in his account. There is no money to pay back to the company. It is fast, secure, and reliable. Most casinos accept Maestro debit cards.	Players have to share their personal details with the casino while using this method. Also, not all casinos allow withdrawals with Maestro.
Visa Debit, Visa Electron, Visa Delta	Debit card	All over the world	Popular as: It allows players to transfer only those funds that they possess. There is no money to pay back to the company. It is secure, reliable, and fast. Most casinos accept these debit cards.	Players have to share their personal details with the casino.
NETeller	E-wallet	All over the world except USA and a few other countries	Popular as it is very: Safe Fast Reliable You find it at almost every online casino. Players can use it for deposits and withdrawals. Also, the casino does not get direct access to a player’s personal info.	Players must have a NETeller account to use this. Some casinos do not allow certain bonuses for players using this method.
Skrill/MoneyBookers	E-wallet	All over the world except USA and a few other countries	Popular because: It is safe. Deposits are instant. Withdrawals are very quick. Transactions are secure and reliable. The player’s personal info is shielded from the casino. Also, most casinos offer this method for both deposit and withdrawal.	· Players must have a Skrill account. · Also customer support can be quite a challenge.
PayPal	E-wallet	All over the world except few countries	popular as it is very: Secure Fast Reliable Convenient Players can use this to make deposits and withdrawals. The casino does not get access to the player’s personal info.	Player must have a PayPal account. There are fees associated with using PayPal, usually levied by the company. US players cannot use this method to deposit funds into their casino accounts.
POLi	Internet banking method	Australia and New Zealand	Popular in Australia and New Zealand as it is secure and reliable. Allows players to deposit directly from their internet bank account. Takes away the need to deposit through credit cards, allowing you to have control over your deposits – you deposit only from the money in your bank.	Available only to players from Australia and New Zealand. Withdrawals not possible with POLi. Only players with bank accounts in the banks listed on the POLi website can use this method.
EntroPay	Prepaid Virtual Card	Across Europe	Completely fraud-proof, fair, and secure. It is free to sign up and your personal details are protected. There are no credit checks and other formalities to get an EntroPay card. Deposits are instant; you can create a card, deposit funds with it, and delete it. And then create another one next time you want to use EntroPay.	Not available to US players. Personal financial details have to be provided at the time of opening an account. While sign-up with EntroPay is free, there are fees for almost everything else, including topping up from another EntroPay card, foreign exchange fees, billing currency conversion, etc.
InstaDebit	E-wallet	Canada	Allows players to transact directly between their bank account and casino account, while protecting their banking details from reaching the casino. Players can use this method to deposit and withdraw funds. Transaction is fast and completely secure.	Available only to players from Canada. InstaDebit account needed to use this method. Lot of personal info, including the last 4 digits of a player’s Social Insurance Number (SIN) have to be provided while signing up for an InstaDebit account.
WireCard	Virtual Internet Card	Europe and the USA	Allows players to deposit funds directly from their online bank accounts. Payments possible through offline, online, as well as mobile devices. All payments are anonymous, fast, and secure. Players can play at all MasterCard casinos with WireCard.	Private info has to be shared at the time of opening an account. Not available for withdrawing funds at many casinos.
PaySafeCard	Prepaid voucher	Europe, the Americas, Canada, Australia, and USA	Completely secure as no personal info is provided. The player buys the voucher and provides the casino with the PIN on each card. Deposit is instant and secure.	Available only for deposit. Not available in Asian countries.
Sofort Uberweisung	Internet Banking provider	Europe	Popular as it is: Secure with 2-layered security measure – the PIN code and the TAN (Transaction Authentication Number) code Fast Reliable Easy to use Your banking details do not reach the online casino. Players can use it to deposit and withdraw funds.	Only available in 11 European countries. Only players with accounts in the banks mentioned in the Sofort website can use this method. Withdrawal is usually a tedious process.
Ethereum	Crypto currency	All over the world	Popular because it is: Completely secure. Decentralized currency with no taxes or regulations. Completely anonymous. Possible to make instant withdrawals.	Still new, so not many casinos offer this option. Strict withdrawal limits. Can be used to scam others.
InstantBanking by Citadel	Online banking method	Europe, Australia, and USA	Popular because it is: Secure and therefore trusted. Available at many online casinos. No account required. No fee for depositing funds with InstantBanking. Player’s bank details do not reach the casino. Available on mobile as well.	Web-based version may not be available at some sites. Players must have an account with the bank listed on the Citadel site. Deposit limit on the first deposit using InstantBanking.
Checks	Direct banking method	Most countries across the world, including USA	Completely secure method as it accesses the high-level security apparatus that banks use. Direct transaction between a player’s online bank account and the casino, so there is no third party intervention. Players can deposit and withdraw funds with this method.	Deposit and withdrawal time is higher compared to many other methods. Wagering with credit is not allowed; players transact only the money they have.
Bitcoins	Crypto currency	All over the world	Completely secure. Decentralized currency with no taxes or regulations. Completely anonymous. Possible to make instant withdrawals.	Not many people use bitcoins. There are withdrawal limits in place.

Depositing Funds Using an Available Payment Method

Depositing funds at an online casino is relatively simple. We list out the steps for doing so in this section:

Register an account with the casino you want to play at.
Once you have opened an account click the Banking tab or click the ‘Deposit funds now?’ tab to choose the method you want to use to deposit funds. Some casinos require you to choose a payment method even as you are registering an account.
Click on the payment method you have registered. Alternatively, click on the payment method you want to use.
Enter the amount you want to deposit. Ensure that you do not overshoot the maximum deposit amount, if any.
You are taken to the web page of the payment method chosen. Fill in the required details on the pages that appear.
Click Deposit or Send to transmit the funds to the casino. The transaction is completed and you are taken back to the casino.

With most methods the deposits are instant.

Withdrawing Funds Using an Available Payment Method

Withdrawing funds is very important for players as it allows them to take out their winnings from their casino accounts. This process is as easy as depositing funds, though there are a few different formalities to be completed. The first step, of course, is to ensure that the player has fulfilled the terms and conditions set down in the casino’s rules to be able to qualify for withdrawal.

We list below for you the steps for withdrawing your winnings from your casino account.

Click the Banking tab on the casino’s website and head to the Withdraw or Withdraw Funds section.
On the page that appears containing the withdrawal method chosen enter the amount to be withdrawn.
Clicking the relevant button takes you to the chosen payment method’s website.
Complete filling out the details required on their website and hit the Submit or Transfer button.
The money is moved out of your casino account and then reaches your bank account.

Payment Method FAQs

What are the important things to look out for when looking for a payment method?

There are quite a few things to look out for when opting for a payment method:

Availability at the online casino.
Validity in the player’s location (country).
Deposit amounts and timeframes for promotions.
Thorough comparison with other available payment methods.
Reliability and security aspects.

Which are the casino payment methods that are considered the safest and most secure?

The credibility of an online casino hinges largely on its ability to allay the players’ security-related fears. Most casino payment methods have strict built-in processes to ensure complete transparency and clarity for players. Among the most secure and the safest are MasterCard and Visa credit cards. Debit cards are considered secure too as they use only money that the player has and uses the security apparatus of the casino as well as the payment method.

Which payment methods are the fastest for depositing and withdrawing funds?

Earlier players were complaining about the amount of time taken to move money at an online casino, especially with it came to withdrawing money. Today, upgraded technology has ensured that those concerns are addressed. Among the fastest methods for depositing and withdrawing funds are e-wallets and also bitcoins.

Which method should I choose – e-wallet or credit/debit card?

The method you choose depends largely on what it has to offer. While both e-wallets and credit or debit cards are secure, e-wallets stand out easily because of a number of reasons, including:

The speed of processing payments and disbursing funds to a player’s account.
The security aspect of using them.
The shielding of your banking info from the bank.

Should I choose an e-wallet over debit or credit?
Whether a player chooses an e-wallet or credit/debit card depends purely on the player. Of course there are things to remember:

E-wallets are completely secure.
Transactions are fast.
They can be used for both deposits and withdrawals.
Not using an e-wallet is also not going to cause problems if you are choosing to use credit or debit cards instead.

Is it necessary to own a credit card?

Credit cards are very secure and popular across the world. They ensure instant deposits and some can also be used for withdrawals. That is why a credit card is good to have. However, you must also balance out the negatives:

You are playing with money on credit, which means you have to return that back with interest.
Using a credit card that does not support withdrawal will only cause problems at the time of departure.

How does a casino usually pay out winnings?

It is very important to know how a casino pays out winnings, because it is prize money you will like to receive.

Most casinos have their rules for handing out winnings in their Terms and Conditions tab.
Winnings from regular games and bonuses available are usually paid out in instalments of a certain amount per month.
Progressive jackpot winnings are paid out at one shot by the jackpot provider.
Some casinos pay out winnings from regular jackpots in instalments as well.

How important is my location when it comes to choosing a payment method?

When choosing a payment method, where you are – your location – is very important. Some countries may not support specific payment methods, and that can cause you problems if you choose it without knowing about it.

Helen Brown