Top Payment Methods at Online Casinos
November 22, 2020
The iGaming industry has gone from strength to strength with more players joining in on the immersive entertainment it has to offer.
When playing at online casinos you can choose from hundreds of differently themed games ranging from video slots to table games, live dealer variants and more. The options are nearly endless but there are still several things to consider before simply joining in on the entertainment.
First, you need to find a trustworthy and licensed online casino where secure gameplay is guaranteed. Then you need to look at the different payment options available and select the one that works best for you.
As the industry has grown, the range of payment methods available has increased ensuring the options are suitable for all. Each payment method has its own pros and cons with some offering faster payout times and others having more restrictive bonus options.
In this guide, we take a look at the different online casino banking options available to find the one that suits your needs.
Available Payment Options
VISA and Mastercard
Visa and Mastercard are considered as top choices by players across the globe as they can be found in most online casinos. There are very few people that haven’t heard of these credit and debit card payment options. With
MasterCard is a widely accepted payment option available in most regions. It offers you a safe and secure method to deposit and withdraw funds from your casino of choice. It allows you to deposit large amounts of money and often comes with a range of exciting perks.
Visa can also be used globally which makes it ideal for players from anywhere in the world. It is one of the safest and most secure payment options. With Visa, you have the options to deposit or withdraw large amounts of cash. And you know that the majority of online casinos will accept this payment method.
Take Note: Credit Card payments are no longer supported in certain regions. Make sure you check the availability before signing up at a selected online casino.
This e-wallet formerly known as Moneybookers is safe and secure and one of the most convenient payment methods you’ll find at online casinos. It is one of the first e-wallets that launched and has led the industry building a trusted reputation keeping user information private while allowing them nearly instant access to funds. Skrill accepts nearly 40 different currencies and is available in over 200 countries. On top of that, you could get your hands on exclusive Skrill Casino bonuses via this payment method.
There will be a great number of e-wallet payment methods at most online casinos but Neteller is the kind of the e-wallet options. This payment option has been around for years growing into the most trusted payment source for many. With Neteller, you know your card details are always protected by high-level security measures. On top of that Neteller enables you to fund your account in different ways as well as transfer larger amounts of deposits into your casino account. Neteller users also have access to exclusive rewards and bonus benefits.
If you are one of the players who are weary about online transactions but still want the thrill of playing then Paysafecard is the perfect solution. Paysafecard is the leader in online prepaid payments and accepted in most online casinos across the world. With Paysafecard, you can purchase a prepaid card and pay for goods and service no matter if it’s in a foreign currency. It’s safe to use, awards you full control and makes it possible to check your account easily at all times.
For fast secure and anonymous payments, Euteller is one of the top choices. Simply download the mobile app and set up your account to get the ball rolling. This payment option provides you with One-Step transfers via mobile all which are anonymous. You can also take advantage of the speed and anonymity of Euteller on Desktop and Tablet devices.
This payment method was specially designed with online casino gamblers in mind. It is a Swedish online payment method, formerly known as InstantBank, that enables you to make payments directly from your online banking account. Some instant play casinos have based their entire setup on this payment method. You can use Trustly in most EU country for quick deposits and withdrawals. There are generally no service fees charged for using Trustly as a payment method.
For Canadian casino players, Instadebit is one of the best and most trusted payment methods available. If you have a Canadian bank account you can make use of this payment method. It offers fast and anonymous transactions to and from your casino account. It is a private and secure payment option highly recommended for Canadian players.
This payment method is currently only available to players based in Canada. It provides instant deposits and withdrawals with low fees on payments. It is a convenient option for Canadian players without a credit card as it does not have a credit card requirement. Payments are generally instant and the payment method can be found in top licensed online casinos.
If you enjoy transparent payment methods that are fast and reliable then iDeal is the one for you. This payment method has no service fees and guarantees quick and safe deposits at all iDeal casinos. It allows for funds to be transferred to e-wallets and bank accounts. You can use this payment method in the Netherlands and various other regions of the European Union.
Citadel instant banking
This payment method was established in 2000 and supports a network of 200 banks over more than 33 countries. Payments via this option are finalised almost immediately with no fees charged for the use of the service. It is a safe and secure payment method with the highest measures of banking security applies. On top of that payments are always anonymous and no confidential information is shared.
For players who prefer to remain anonymous and avoid entering private banking information online, EcoPayz is the payment option to use. With this payment option, you have the choice to create a virtual debit card and connect to your e-wallet. This payment method comes with some fees but these are generally low. It also provides additional security and high deposit and withdrawal limits.
This German payment method is one of the easiest and most popular payment methods online. It is a secure payment option that can be used by all EU players. It is highly secure with instant deposits and withdrawals. The payment provider does not charge transaction fees but some online casinos might. It’s a secure and affordable payment method available to European players.
This payment method is accepted by the majority of online casinos across the globe. It is generally one of the top payment options preferred by high rollers due to the large amounts that can be transferred. Some online casinos will even offer better bonuses and rewards to players who make use of this payment method. On top of that Wire Transfer is one of the safest payment options available.
This is probably one of the oldest most outdated payment methods available. Most online casinos have discarded this form of payment but there are still some that accept it as a withdrawal option. Keep in mind that the waiting period on this option is significantly longer than any other digital option. It is however still a safe and secure payment option.
This payment method offers secure and instant transactions in various online casinos across Europe. This online payment method uses the strictest security and encryption protocols to curb any safety violations. Generally, electronic funds take a few days to clear but when using EnterCash for deposits and withdrawals your funds will reach your account nearly instantly.
This Swedish mobile payment method was founded back in 2016 and is ideal for those who want to fund their account on the go. You can access Zimpler via your browser and payments can be made via your mobile account. It’s another payment option that allows for anonymous payments and gives you full control of your bankroll. Zimpler does have some small fees attached.
Cryptocurrency has quickly become one of the popular forms of payment solutions at online casinos. Bitcoin is leading the way by offering more secure transactions at top Bitcoin and cryptocurrency-friendly online casinos. There are no third parties involved in these transactions and with Bitcoin payments, you get the luxury of anonymous gameplay. When using Bitcoin as a payment option there are no additional fees and payouts are quick and simple.
PayPal has become one of the most popular payment methods both online and in land-based establishments. This payment method allows you t make hassle-free deposits and withdrawals at most online casinos. PayPal is a free service with safe and secure payments guaranteed. Deposits are quick and currency conversions are applied automatically.
Mobile gaming has become one of the preferred forms of participating in online casino entertainment. As such online casinos have implemented payment options to assist mobile players with gaming on the go. Apple Pay is one of the faster and secure payment options available for Apple users. It has no fees and offers instant deposits and withdrawals directly to your mobile device.
Ozan is a digital wallet that was specially designed to cater for the European market. It runs from a mobile app providing a seamless, on the go experience. You can deposit and withdraw via Ozan with no fees charged. It is highly secure, centralises all of your accounts and can convert 14 different currencies.
Choosing the correct payment method for you
These are some of the top-rated and most secure payment methods you will find in online casinos today. You will not that each have their perks which is what makes them a preferred choice among online casino players.
That being said, when choosing an online casino payment method, you should focus on which payment method works best for you. Keep in mind that not all of the above-mentioned payment methods come with withdrawal or deposit options. Some are solely for deposits and other for withdrawals. Cheque, for example, can only be used to withdraw your winnings.
In most cases, the best payment option would be e-wallets, Debit Cards or Credit Cards. The latter only applies to regions where credit card payments are still accepted. Take a look at the different options, what the waiting periods are on deposits and withdrawals as well as the fees charged. Remember, even though the payment provider doesn’t charge a fee, doesn’t mean it’s completely free. The online casino might still require a fee for processing the transaction so make sure you read through the terms of the payment option you choose at your casino of choice.
What about safety?
Many players always wonder which of the payment options available will be the safest to use. Payment providers go the extra mile to ensure players get access to highly secure payment options. These payment options all come with the latest and most secure safety and security features. On top of that, playing at a top-rated online casino guarantees additional layers of security through SSL data encryption technology.
At the end of the day it comes down to choosing a payment method that offers you the size of deposit and withdrawal options you need, accessibility features you desire and sets you at ease. Online casinos are all about fun and entertainment and payment methods should not break you out of your relaxation.
Find a payment method that works for you providing a quick and hassle-free deposit and withdrawal option whether you play via desktop or on the go on your mobile or tablet device.
With newfound knowledge on the best payment options, you can dominate your gaming. Take a look at TopSpotCasinos list of recommended online casinos to find a casino and start playing today.