Top Casino Payment Methods

There were times when people avoided paying online with their credit cards, thinking that this way of payment is not safe. However, with internet expansion and bigger companies using online payments, customers now feel more confident using this kind of financial platform.

Today, it is unusual not to use our credit or debit cards for internet payments. With smartphones, tablets, computers, and other electronic devices, our credit card information is securely stored and remembered in applications, wallets, cookies, etc., so payments are usually a one-click process that saves time and energy. The online casino industry hugely benefited from online payment methods.

Today, players can make payments from the comfort of their home, sitting laid-back on their favourite sofa with their favourite drink in hand, not thinking whether their income is going to be phished, hacked, or whatever new-age phobia could come to their mind. 

Verified and certified online casinos serve as safe gateways for your funds (of course, you should check reviews of the casinos you are using). Furthermore, players have an even newer payment method. Cryptocurrencies and blockchain technology breakthroughs push the limits of modern playing experiences every day and in a good way.

Most Popular Payment Methods

The popularity of all online activities spiked during the 2020 pandemic. People tend to engage more in online activities nowadays because it is considered to be safer and healthier. With increasing work-from-home scenarios, people started ordering goods and products from the internet, engaging in social media, and gambling in record numbers.

The online casino industry expands rapidly and has become a safe method of spending your leisure time and gaining some bucks on the go. Various casino games are at the reach of your pocket or desk. After you choose some of the reliable online casinos, it is time to pick a payment method. Here, we are presenting some of the safest and fastest ways for online payment, with all their perks and potential cons.

VISA, MasterCard, AmEx, and other credit/debit card providers

Transactions through Visa, MasterCard, or other well-known credit or debit card providers remain among the most secure and reliable payment methods. Whether you are from Europe, North America, Australia, or New Zealand, you must have heard about Visa cards, MasterCards, or American Express cards. 

Pros

Large corporations govern Visa, MasterCard, AmEx types of credit or debit cards with a long tradition in banking. Chances are that you already have one of these providers somewhere in your wallet. Registering with these cards is always an easy and fast way to enjoy your favourite online games.

Cons

Payments made via this option are available all over the globe. There are probably no online casinos that do not accept one of these providers, which is not the best news. 

How’s that a con, you ask? The thing is, you must watch out for numerous scams and phishing casinos that might trick you by offering to pay via one of these big providers so that you might feel more comfortable. Before you know it, scammers could access your personal information and banking accounts. That is why you should always use well-known casinos with positive casino reviews.

The other downside of depositing and withdrawing funds with these providers is that it might take hours, days, or even weeks to complete your transactions. Add multiple time zones in which casinos and players operate to the equation, and you’ll probably find yourself having a tiny gap to respond timely to your bank requests, which can be frustrating.

PayPal

PayPal went public in 2002. Primarily, it served as a transaction platform for buyers, bidders, and sellers at eBay. Today, PayPal is one of the most famous e-wallets in the world.

Pros

Through PayPal, users can transfer funds freely from their bank account to another, which is done instantaneously and through logging in with your email address. 

In addition, depending on the region you live in, you might have an option to apply for a PayPal credit card, which might be an immediate boost to your income. PayPal credit card might give you the flexibility to make a payment right away or pay over time.

As you keep using PayPal as one of your primary payment methods, you might gain additional loyalty bonuses and perks for being a long-time customer.

Finally, a mobile application is available with Paypal.

Cons

PayPal usually applies its in-house fees. That said, this fee may vary from one casino platform to another. All the same, the sum you might want to withdraw from your PayPal account might include a fee (usually around 3% of the amount in question).

Moreover, Paypal sometimes might not allow users to transfer the exact total amount on your balance. Instead, it might ask you to leave a small deposit in your account to work as a buffer.

Paysafecard

Paysafecard (often shortened to Paysafe) is a prepaid digitised payment method with a 16-digit code that you can apply to various online casinos to buy their service.

Pros

Users only need to apply the randomized 16 digit pin from the card, and the deposit is ready to go.

But perhaps the greatest thing that Paysafecard offers to players is the option of not disclosing permanent card numbers or any personal cardholder’s data and information. After you use your one-time 16 digits pin, you can dispose of the card.

Beyond that, Paysafecard may be the safest anonymous method of online payment (thus the name), as far as not disclosing your data goes.

Cons

You can’t use Paysafecard for withdrawals. Although having a disposable and safe method for depositing money into a casino, Paysafecard is just that: a disposable, one-time method for depositing money, not having an option to store or withdraw your gains on it.

Paysafecard has its limitations. You can choose amounts of $10, $25, $50, or $100 that you’d like on one card. Buying more than $100 will require you to purchase multiple cards.

So far, there are around 40 countries that implement this type of payment. 

Neteller

Neteller is an online banking platform from 1999. Its business model is similar to Skrill and PayPal. It serves as an eWallet capable of doing fast and safe transactions.

Pros

Registration on Neteller only takes a few clicks. Users can sign up and make a free account in under a minute, add multiple payment methods, and send, spend, deposit, withdraw or make secure payments right away.

Neteller doesn’t charge fees for your transactions and offers many loyalty rewards for its long-time users. Neteller rewards you with points that you can later redeem in gift cards or cash for every buck in and out of it. A mobile application is also available.

Cons

Neteller’s customer service is not prompt or reliable. If you run into some complications with your transactions, you might stay frustrated for a couple of hours, given that customer service isn’t immediately on top of things at all times.

Skrill

Skrill (formerly Moneybookers) is a well-established digital wallet that allows users from 200+ countries to make various transactions with their funds.

Pros

Skrill digital wallet is one of the few digital wallets that lets you convert your money into cryptocurrencies. It also offers fast and secure transactions to all of its users, including a loyalty program that elevates your banking experience even further.

An easy-to-handle user site interface and mobile capabilities are other considerable perks of using Skrill.

Cons

In most cases, Skrill applies fees to your transactions that could range from 3% to 5%, depending on what type of transaction you need.

Cryptocurrencies

Cryptocurrencies are more and more viable sources of transactions. Currencies such as Bitcoin, Ethereum, Litecoin, Tether, Bitcoin Cash, and other coins are steadily making their way into gambling and other online industries.

Pros

With blockchain technology backing them up, this payment method is considered one of the most secure—if not even the most secure. In many cases, you enjoy instant transfer speed and no fees when using crypto-wallets.

What’s more, there is no chance that your transactions could be phished or hacked. Every transaction that you make through the cryptocurrency market is as transparent as it can be.

Cons

A volatile marketplace and big daily ups and downs make this payment method a bit unstable in the long term. Rapid surges and dips may quickly turn your investments from losses to gains and vice versa. However, if you understand the crypto market, you could analyse the crypto marketplace and turn your casino transactions into even greater profits.

Not all cryptocurrencies are available to trade with when gambling. Only the top ones, such as BitCoin, Ethereum, Bitcoin Cash, Tether, and Litecoin, are considered eligible in many casinos.

In addition, you’ll usually need to open a specialised wallet to be able to make deposits and withdrawals. There’s also the fact that cashing in cryptocurrencies is still an arduous errand.

ApplePay

ApplePay is a more straightforward, safer, more secure, and private payment method. It is a modern replacement for your physical credit or debit cards.

Pros

ApplePay replaces your physical cards and stores all your credit or debit card information on your iPhone, iPad, or any other iOS device so that it could work as a shortcut to all of your online payments.

You end up having everything in your pocket. Whenever you need to make a deposit or a withdrawal at an online casino, ApplePay will make it as smooth and as fast as possible, without redundant red tape.

Cons

ApplePay is only compatible with iOS devices.

Also, transfers go through your banking accounts, which could sometimes take a few hours or even days to process.

Conclusion

There are numerous ways of making a payment online, and it should be easy to choose one that suits you the most. You can choose whether you’d like to pay with your iOS, digital wallet account, credit or debit card, or even with some cryptocurrencies. Here, we tried to present the top methods of payments that players use for online casino gambling.

Nevertheless, keep in mind that there are only a limited number of online casinos that won’t take advantage of your payment methods. Ensure that you consult casino reviews and other user experiences with the casino you’ve taken an interest in so that you won’t end up scammed or phished.

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