Online Casino Payment Methods
The gambling industry is very attractive, but the main reason why people play in an online casino is money. But in order to start making money in online casinos, you need to take the first step in the career of a gambler - put money into a gaming account and create your first deposit. The casinos offer various ways of implementing financial transactions acting on different terms - some of them are faster and more reliable, and some may include a commission that will affect the amount of money you withdraw.
Some online casinos, have only one or two payment methods and these casinos do not allow users to change the payment system on your own, you can only change it with the help of website-support and few verification processes, and that's inconvenient. That's why you should not carelessly choose the method of payment. Read more about all the advantages and disadvantages of different payment methods before choosing one of them.
Online Casino Payments
Most popular payment methods
Different online casinos have many differences, and one of them is the number of payment methods available to players. Some casinos offer only a couple of payment methods, some are dozens, some of which are available only in certain countries, but most of the resources have one thing in common: they accept credit cards and payments through e-wallets. These methods, without a doubt, the most popular and widespread payment methods among players around the world.
Credit and payment cards have been popular since the online gambling industry began to thrive in the 1990s, and is still the most commonly used payment method. Over the past 10 years, payment systems such as Skrill, Neteller, Paypal have become extremely popular, so it is not surprising that they are represented in almost all casinos. The main advantages of these systems are safety and reliability. Since these are well-known brands, you can be sure that your money is safe.
One of the problems that you may encounter using card payments is that not all banks support the transfer of funds to the card and are quite strict about using cards for online gambling, so you should clarify this information. Otherwise, to use payment cards you will have to provide the casino with some documents. This fuss with documents can be quite tiring, so if you often change casino, then card payments may not be the best choice for you.
In this case, it is better to use payment systems, which act as online wallets (e-wallets), this will allow you to store money transferred from a credit card any financial transactions. Open such an account is very simple, you do not need any special knowledge, and the whole procedure will take a few minutes. Do not forget that when using the majority of online payment systems, a certain commission is charged when withdrawing funds. It is low and will not significantly affect the number of your payments.
Less popular forms of payment
Bank transfers are as reliable as card payments and electronic wallets, but deposits and withdrawal of money from your casino account take a long time. If you choose bank transfers, you can either send a check from the bank or notify the bank of the transaction in online mode. In any case, if you want to refill a deposit in a casino it will take 2-5 working days, and for withdrawal - up to 14 working days.
Some players do not want to use credit cards for online gambling games or simply do not want to provide personal information to online payment systems. This is due to a variety of reasons, and if this is your case, then the best choice for you will be prepaid payment methods. The most popular among them are Ekash and Paysafecard, you will find them in almost every proven casino. They are based on special vouchers that can be bought in stores. Each voucher has a unique code, after which your account will be credited to the amount paid by you for this voucher. This method of payment is ideal because it does not leave any traces, except in the history of transactions of your game account, which can be very convenient for some players.
Regardless of which payment method you will choose, it is very important to ensure the security of transactions, so choose only those casinos that use the latest data encryption technologies and ensure the reliability of your money and personal information.
There are a number of payment systems offering excellent working conditions. Especially for you, I've selected the best options, which are not only convenient but also in demand among the gambling audience.
These services act as intermediaries, providing electronic wallets. They allow you to transfer funds from bank cards to electronic accounts in order to use them later in the online casino.
Description of the most used payment methods
Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers.
PayPal - an American company operating a worldwide online payment system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
You can pay online with Paysafecard, you don't need a credit/debit card for it, use is simple - find local sales outlet, buy a card, use card (pay with it).
Click2Pay
The main advantage of the Click2Pay service is that the money for gambling is taken directly from the bank card. The system provides the possibility of setting a limit for debiting funds.
Neteller - the most used and in demand in the gambling business online banking system. Support of all world currencies, availability in 160 countries of the world. The main advantage: the transfer from the deposit to the online casino takes place directly to the Neteller account.
EntroPay
A unique service of its kind, which in fact provides the customer with a virtual debit card Visa. The main advantage is the small size of commissions. Sadly not available for US residents.
A credit card is a payment method issued by banks or trading firms to their clients to pay for the goods and services which can be purchased for the loan amount available on the account. Unlike a debit card, a credit card may not be associated with a real bank account. Debit Cards - card issued by a bank that uses the money during payment transaction stored on your bank account associated with the card number. There are few credit and debit card types available MasterCard, Maestro, and Visa. All online casinos support this payment method.
American Express Company or AmEx - Financial Services Corporation; It was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. AmEx is known for its credit and payment cards and traveler checks for business: it is considered to be the most expensive brand in the world and the most prominent company. Rarely found in online casinos as a deposit and withdrawal method, you still can use AmEx card like a regular debit/credit card in the online casinos.
This is a new generation of decentralized digital currency, created and working only on the Internet. No one controls it, the currency is emitted by the work of millions of computers around the world using a program for calculating mathematical algorithms. This is the essence of Bitcoin. Not all of the online casinos support this type of currency. You can find the list of Bitcoin casinos by sorting them through the online casino list here.
EcoPayz was founded in 2000 and for almost 20 years has been one of the most reliable electronic payment systems in the world. ecoPayz is regulated by the Financial Conduct Authority (FCA) and operates independently of the UK Government, while Skrill is regulated by the Financial Services Authority. Available mostly in UK online casinos.