Casino Payments and Banking Options
On-line casino games are a great way to have fun and relax at home. However, it's hard to enjoy the games if you don't understand where your money is going or how your winnings will be paid. There are various possibilities of money management and different casinos choose to handle money in different ways. It pays to understand the various deposit/withdrawal options before you invest your cash in any on-line casino.
I am briefing about few of the most common online casino deposit methods below. Some of the online casinos offer attractive bonus on using their recommended payment method. Read about the methods below and check with your online casino’s bonus policies to know if you are lucky.
An e-wallet is a digital representation of your money which you can access on-line. The biggest advantage of e-wallets is that transactions occur electronically and instantaneously. E-wallets are also called “digital wallets”, as they can be used on different digital devices, including computers and smart phones.
The following four e-wallets are accepted by online casinos:
Most people have heard of PayPal, which was established over a decade ago and is one of the most popular electronic wallets in the world.
Is the most reputed, widely spread, most reliable online payment method allowing transfer from individual’s accounts, business accounts, bank accounts and almost anywhere, but have limitations for gambling purpose. Paypal does not allow transfer to online gaming accounts to Americans. It is available to players out of USA though. They are many other reliable online casino payment methods like EntroPay, Epassporte, Ewallet Express, Insta-Debit, MoneyTT, EFT Online Check, Insta Cash, Bank Wire, PaysafeCard, Payspark, Picclub Poker Rooms, Quick Tender, Solo Card, Speed Card, Switch Card, Ukash, Usemybank, UsemyWallet, Visa Electron Debit, WebMoney, etc.
The most recommended way is to see which of the deposit and withdrawal methods does your online gaming service support. Check that payment gateway’s website for current policies and find your way to hassle-free online gaming experience.
Gamblers across the globe have access to this easy-to-use digital wallet which accepts a multitude of different currencies. Transactions are simple and quick, often at no charge, but it should be noted that not every on-line casino accepts PayPal.
Neteller is a popular e-commerce option for on-line gamblers. Like PayPal, it deals in multiple currencies and costs nothing to open an account.
Is supported by most of the online gaming services like casino, poker and sports-book. It follows the famous online wallet system in which you can deposit, withdraw and transfer fund to any supporting vendor. Currently you can deposit fund to your NETeller wallet from MasterCard, Visa, Direct Deposit, Electronic Funds Transfer or Wire Transfer (check their website for more updated information).
It is a multi currency, faster and fast growing money transfer service. It charges nothing on payments to merchants. It doesn’t share your crucial information like credit card or bank detail with the merchant
Money may be transferred to Neteller from a player's personal bank account or credit card. Payouts are either sent to a holder's Neteller account or to the financial institution from which the initial deposit came. Gamblers should consult individual casino guidelines, as policies differ from site to site. » Click to get a free Neteller account
This company, regulated by the Financial Conduct Authority of the UK, offers more than 100 different payment options to people in more than 200 countries. Account holders pay nothing to withdraw money, small fees may apply only while sending a cash. The Skrill Prepaid MasterCard is available to all EU residents and can be loaded straight from a card holder's bank account. Transactions involving a prepaid card often have no fee, but a minimal charge accompanies foreign exchange and cash withdrawals. It should also be noted that an annual fee of 10.00 Euros is required.
Click2Pay provides instant transfers and withdrawals to account holders. Allows you to transfer fund via different instruments like ACH, Direct Debit Card or Credit Card. All you need to use this service is pre-fill your account then transfer the fund as you wish to. It is easy to use. It is growing as a most used method for online gaming payment.
The Click2Play e-wallet offers a big advantage to users around the globe: deposits are virtually anonymous, meaning Click2Play provides only bare-bones information to on-line casinos when depositing money. Americans who currently have an account at Click2Play can use it, but newer U.S. applicants sometimes find that membership is difficult to obtain.
One of the biggest benefits of on-line gambling via wire transfer is that there is no cap on transaction amounts. While other methods of transaction may impose a daily limit, wire transfer knows no limit. One large drawback is that wire transfer can take several days. Unlike e-wallets, transaction is not instantaneous.
Money may be wired via Western Union to and from on-line casinos, but the process is a bit complicated (involving fees and reference numbers that must be shared with payees). The company reserves the right to sell customers' information unless they are explicitly asked not to, a fine-print fact consumers sometimes overlook.
Credit cards sometimes work as a means of deposit with on-line casinos. The best way to find out if a particular card will work is to try it. The transaction will either be approved or denied. The amount of money you can deposit into your on-line casino account depends on your line of credit and individual casino guidelines.
If you choose to use your credit card on-line for gambling purposes, be prepared to divulge personal information (like proof of residency, driver's license/ID, billing address and your account number) to the casino. Before getting too far into this process, find out if your casino of choice accepts credit cards as a means of both - deposit and withdrawal.
Visa is accepted by a large number of on-line casinos for both deposits and withdrawals, but acceptance is not 100% guaranteed. Card holders who wish to use their Visa for on-line gambling often don't know if the transaction will be approved until they give it a try. This popular international company usually charges a small fee for "cardholder-not-present" transactions, otherwise known as CNP. The convenience of using a Visa is, however, worth the small surcharge for many on-line gamblers.
MasterCard is Visa's largest competitor and offers debit, credit and prepaid cards to its members. Most on-line casinos accept MasterCard for deposits but MasterCard does not allow on-line gambling winnings to be discharged back onto the card.
Selected Online Casinos that accept Visa and MasterCard as payment method are » Casino Mate
American Express (AMEX)
AMEX is one of the United States' most well-known credit cards, but some on-line casinos will not accept it due of its higher-than-average surcharges. Casinos that do accept AMEX often pay players back more than they actually earned in the form of bonuses. Because AMEX cards are only available to Americans, casinos that accept this card are also likely to accept American gamblers.
Online Casino brands that accept the American Express cards as payment method are » Aladdins Gold | All Star Slots | Club World Casino | Lucky Red | Manhattan Slots | High Noon | Buzzluck | Club SA Casino
Other popular casino withdrawal and deposit methods
Those who like to play online casino do often face problem transacting money in and out their casino operating service. A lot of prevailing Credit Cards and payment gateways do now allow gambling payment through their instruments. There are many other alternate payment methods that you can use to deposit or withdrawal money to and from online casino service. These methods are as secure as your frequent payment gateway and reliable too.
is a new payment method that provides you with electronic as well as a real bank card. This card can be used as a Debit Card, as an ATM card and as a Money Transfer Card. The PrePaid ATM card is not linked with your bank account. You can fund the card by various transfer methods.
is one of the oldest online gaming wallet service. Free membership. Privacy security and Real-time access to your bank account are some of the important FirePay features.
is an email payment system. It allows users to send and receive money via emails. It is secure and cost effective. It also operates on e-wallet system.
Is a known name for live casino industry players for easy and safe direct payment. It also follows e-wallet method to serve its customers online. It has maintained its good reputation in online payment services too. Remember: MyCitadel is a different service than Citadel. Do not confuse them for each other.
is a new payment service targeting online gambling market. It allows transfer through ACH, Wire and many other methods. It follows online wallet procedure.
This payment method allows deposits into your casino account and charges it into your telephone bill. No bank account requirement. No hidden fees. No long-distance charges. Withdrawals are issued through bank drafts. The service is currently available for U. S. residents only. You need to have 900-service activated on your phone line
is a new but guaranteed payment transfer method via CC or e-cheque for USA players. It works on a phone-card type of system. You can buy AddFunds deposits card in a round figure using your echeque, visa or master card and receive your card detail immediately via email. Now, if your gaming site accepts AddFund cards, just put in your card detail and see the transfer done, instantly.
It is a seven-year old payment method known for its secure and guaranteed payment transactions. It is used by few of the most popular internet business names like MSN, AOL, Skype. A lot of online casinos are supporting ClickAndBuy payment methods. However, it is wiser to check it before hand.
is a simple way to make deposits to your casino, poker or sports book account. You can issue a cheque online or issue instructions over phone and make a purchase. Once you have successfully setup the Echeck account, it is matter of seconds to transfer funds to your online gaming account.
is a popular payment method in Europe and US gambling market. It allows you to purchase online casino, poker or other gaming credits in USDs, Euros or Pounds. You can fill your Ecocard casino account via online payment, wire, Western Union or Money Gram. It will not be wrong if we call it a specific gaming payment system, it is used so widely in this industry.
Play It Safe
By clicking through to an eCOGRA site you are taking a significant step in protecting your rights as an online casino and/or poker player.
What is eCOGRA?
eCOGRA is the independent standards authority for the online gaming industry. A non-profit organization, eCOGRA helps players identify online casino and poker sites that are safe, fair and responsible.
What does the eCOGRA Seal mean?
The Play It Safe Seal is awarded to operators that fully comply with eCOGRA's strict standards for player protection, fair gaming and responsible operator conduct. Sites and their player policies are checked and rechecked on an ongoing basis to ensure their compliance with these standards, as well as your safety online. The Seal has become a homepage symbol of documented, objective, fair play.
eCOGRA certified sites are regulated and monitored to ensure:
- Fair gaming practices
- Timely and efficient payouts
- Fast dispute resolution
- How does it affect players?
eCOGRA's primary mission is to make online gaming safer for players everywhere. Always look for the Play It Safe Seal before gambling online. If a site does not carry the Seal, you might be at risk. Know that if you should ever have a problem on an eCOGRA sealed site, eCOGRA will try to help you resolve your dispute as a Fair Gaming Advocate.
When it comes to on-line casinos, choices of types of transactions abound. Whether you choose to use an e-wallet, wire transfer or credit card, it's important to understand the pros and cons of each one before laying any money on the line.
How to pay less fees when you deposit at online casinos
There is a fine line between winning and losing at online casinos and sports betting sites which is why you need to carefully plan the best route to success. The type of payment method you select can make a big difference as large fees are attached to certain kinds of money transfers.
There are also a number of other factors that you need to consider as using the incorrect method may even result in you been unable to obtain finance such as a mortgage or loan. In this article, I will talk about the best payment methods to use so that you can the most back, added protection along with super-fast transfer times.
#1. E-wallet Payments
Two of the most popular payment methods at casinos is Skrill and Paypal. These are both e-wallets that have been designed for making online payments fast and secure. When using paypal casinos users get added insurance so if any problems occur they are able to get their money back. It also stops gambling transactions showing on bank statements or credit card bills which can have a damaging effect on credit ratings. Many people have been refused credit due to this as the lenders see those who gamble at a of not been able to pay back the finance.
#2. Credit and Debit Cards Payments
Most casino payments are still transacted most by credit and debit cards with nearly a fifty percent market share. Over the last few years, however, the popularity has gradually started to decline with many preferring services like Apple Pay and Google Wallet to make payments.
With more payment options than ever before the dominance of credit cards is on the decline due to many greater benefits of other services. If you do not want your credit rating damaging by gambling at casinos do not use either credit or debit cards as they will show up on your statement and make up part of your assessment on if you will be able to get finance or not.
#3. Cryptocurrency Payments
The fastest growing sector in the casino and gambling industry is cryptocurrency with new innovations coming to market every month. Crypto such as Bitcoin is one of the best payment methods around allowing gamblers to stay anonymous along with rapid processing times and in most cases zero fees attached.
While this is fantastic news it is not the reason why you should make the switch. You should do so due to the technology enabling for the first time true provably fair games that run on the ledger providing complete transparency. With lower house edge rates than is possible to produce via traditional casinos, you are more likely to win when gambling at one of these platforms.
The whole banking system is currently been revamped by blockchain technology and while this takes place, the chaos reign in the financial sector. E-wallet services such as Paypal along with crypto are the two best methods if you want a speedy transaction that is completely secure. With the volatility in the crypto space price, using e-wallets is our recommended choice when gambling at casinos.