The payment options available are an important consideration when selecting an online casino. Not all casinos offer the same banking options, so it’s essential to find one that best suits your needs. In this article, we’ll look at some of the most common payment methods used by online casino players, as well as the advantages and disadvantages of each.
|CoinsPaid||CoinsPaid is a Bitcoin payment gateway with an integrated crypto wallet||www.coinspaid.com|
|ecoPayz||ecoPayz is an online payment service that allows sending money for private or commercial use to over 200 countries||www.ecopayz.com|
|Giropay||Giropay is a real-time payment system introduced in Germany in 2005||www.giropay.de|
|iDeal||iDeal is a popular online payment method in the Netherlands that does not require registration or enrollment. Players can directly use iDEAL if they are customers of one of the banks with a licence for iDEAL||www.ideal.nl|
|Jeton||Jeton is an eWallet and digital voucher (JetonCash) solution that allows users to exchange, make secure money transfers, and online purchases||www.jeton.com|
|Klarna||Klarna is a payment service that is popular in Finland, Denmark, Sweden, Austria, Norway, Germany, the Netherlands, and the United Kingdom||www.klarna.com|
|Maestro||Maestro is a brand of debit and prepaid cards owned by Mastercard||*|
|Mastercard||Mastercard is a global payment processor||www.mastercard.com|
|MiFinity||MiFinity is an eWallet, and a digital bank account used to make online payments||www.mifinity.com|
|Neosurf||Neosurf is a payment solution headquartered in France that allows users to make payments online without disclosing personal information||www.neosurf.com|
|Neteller||Neteller is a popular electronic payment system used for online gambling payments since 2000||www.neteller.com|
|PayPal||PayPal is a payment system that operates in over 200 countries and accepts 25 different currencies||www.paypal.com|
|Paysafecard||Paysafecard is an Austrian prepaid online payment method that is accepted in more than 50 countries||www.paysafecard.com|
|Skrill||Skrill, formerly known as Moneybooker, is a digital wallet provider owned by Paysafe Group that supports 40 different currencies is used in 120 countries||www.skrill.com|
|Trustly||Trustly is a Swedish online payment method that allows players to fund their online casino accounts directly from their bank accounts without entering bank or credit card information||www.trustly.net|
|UPayCard||UPayCard is an e-wallet, prepaid card and crypto-wallet provider||www.upaycard.com|
|Visa||Visa is a global payments company providing its services in more than 200 countries and territories||www.visa.com|
|Zimpler||Zimpler is a Swedish mobile payment service provider that operates in all European countries||www.zimpler.com|
The leading online casinos in 2022 will provide you with a number of different payment options to choose from. This will give you the freedom to select the option that best meets your needs. Credit and debit cards, e-wallets, cryptocurrencies, wire transfers, mobile payments, and online vouchers are the most common payment types offered to players for topping up their casino gambling accounts. See more details on each below.
The most popular payment method used by online casino players is credit and debit cards such as Visa and MasterCard.
When using a credit or debit card to fund your casino account, you’ll need to enter your full name, card number, expiry date, and three-digit security code (CVV – Card Verification Value). The funds will then be transferred instantly into your account.
It’s also worth noting that credit cards are entirely prohibited in some countries from being used as a payment method at online casinos.
This is because players are gambling with money they may not have, and as a result, they can end up in a lot of debt.
Another popular payment method used by online casino players is e-wallets. PayPal, EcoPayz, Neteller, and Skrill are the most popular e-wallets. To fund your account with an e-wallet, enter your e-mail address, password, and confirm the transaction via SMS or by tapping on your mobile app. The funds will then be transferred to your casino account immediately.
There are, however, a few disadvantages to consider. First and foremost, not all online casinos accept popular e-wallets, such as PayPal for deposits and withdrawals. Second, you may be charged a fee when transferring funds from your e-wallet to your primary bank account. Another disadvantage of e-wallets is that most online casinos will not allow you to receive the first deposit welcome bonuses if you deposit using Skrill or Neteller, for example.
Most online casino sites accept wire transfers; however, this option is not as popular as electronic wallets and Visa bank cards because it takes a long time for the transaction to be processed and the funds to become available.
When transferring funds via wire transfer, you must provide your bank account information as well as the casino’s SWIFT code. Your bank will then process the transaction, which could take up to 5 business days to reach your online casino account.
One advantage of using wire transfer is that it is a very secure method of payment. Another advantage is that your credit or debit card will not be declined.
Local bank transfer is another option that can be used for funding your online gambling account. This method entails transferring funds from your personal bank account to the casino’s bank account. The transaction will usually take a few days to process, and your casino account will then be credited with the funds.
Prepaid cards are yet another option for funding your online casino account. These are available for purchase with cash at a variety of retail locations, authorised online distributors, and official provider websites. When you get a prepaid card, you must load it with money before you can use it. The amount of money that can be loaded onto the card will depend on the issuer.
Prepaid cards are convenient and easy to use, and they provide an added level of security because you do not need to enter your credit or debit card information when making a transaction, and you will never overspend because you can only spend the amount loaded onto the card. This is an excellent payment option for players who want to control their online gambling budgets!
Paysafecard, for instance, is a popular prepaid card for casino deposits that can be used at a number of online casinos. You’ll need to purchase a Paysafecard voucher from an authorised store and then input the 16-digit PIN number when making a deposit at your preferred casino site.
There are some drawbacks to consider as well:
Online cash vouchers, like prepaid cards, can be purchased with cash at retail locations or through official provider websites. Cash vouchers are typically available in denominations ranging from 10 to 100 EUR.
For instance, CashtoCode eVoucher is a popular option that can be purchased from official distributors such as dundle.com. After making an online purchase, you will receive your digital code via email, which you can then use to deposit funds into your casino account in a matter of seconds.
This is another excellent option for players who are concerned about online security or who have difficulty controlling their gambling habits.
There are some drawbacks to consider as well:
Open Banking such as Trustly is considered one of the best payment methods available in online casinos. It’s fast, secure and convenient. Open banking is a relatively new way to make financial transactions between you and a merchant, and it essentially uses your online banking ID or login credentials to complete the transaction (see the video below).
This eliminates the necessity to create a separate account or log in with another provider, making it a highly convenient online casino payment option. Moreover, since the transaction is completed through your bank’s infrastructure, it is extremely secure.
In addition, Trustly can be used for both deposits and withdrawals. In most cases, withdrawals are instant or within a couple of hours, depending on a casino site’s cashout processing times.
The only drawback of using Trustly is that it’s not available in all countries. Currently, players can use it in 29 European countries as well as in Canada.
Crypto has grown in popularity and is now accepted by an increasing number of online casinos. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Tether are the most commonly used cryptocurrencies. When using these cryptocurrencies for gambling online, you’ll need to transfer your digital crypto coins to your casino wallet address. After that, the transaction will be processed, and the funds will be available for gambling.
One advantage of using cryptocurrencies is that they provide an additional layer of security because your personal information is not shared when you make a transaction. Another advantage is that they can frequently be used to receive welcome bonuses, which is not the case with e-wallets. Furthermore, withdrawals of Bitcoin or other cryptocurrencies are typically processed much faster than using usual real money payment methods.
A few disadvantages to consider:
YouTube Video: Use of Trustly open banking (our favourite method for online casino deposits and withdrawals).
You’re probably already familiar with Apple Pay if you own an iPhone. It’s a digital wallet service that lets you make purchases online, in apps, and in stores using Apple products like iPhones, iPads, and even the Apple Watch.
— Google Pay is the Android equivalent of Apple Pay, and it operates in the same manner. Using your Android phone or tablet, you can use Google Pay to make purchases online, in apps, in stores, as well as make a deposit into your gambling account.
— The main benefit of using Apple Pay and Google Pay is that they are incredibly convenient. Both of these payment methods allow you to send and receive money to friends as well as fund your online casino account. Furthermore, both services are extremely secure because they employ cutting-edge security technologies.
— While both methods are very convenient and secure, they are not available at all online casinos, so you must first check the casino site’s banking page if you want to use one of them.
The best payment method is determined by your individual preferences and needs. We recommend Trustly and PayPal if you’re looking for a quick and easy way to make online casino payments. If you want to remain anonymous, you can try using crypto. And if you want to make larger deposits and withdrawals, you can use the bank transfer method or crypto payment options offered by casinos.