If you’re looking to start playing at an online casino, there are 2 things you need to consider: which one is the best online casino and which are the best deposit methods to deposit and withdraw funds. We think you should choose your online casino based on your preferred deposit method, or maybe you should try a new one. Nowadays there are more casino payment methods than you can imagine. Let us guide you on how to choose the best online casino while we introduce you to new world of deposit method possibilities.
Who we are?
We are a team of casino experts, constantly searching for the top online casinos. How we do it? We play, we deposit, we withdraw and contact the customer support, so we only recommend the top of the top. Our goal is to share our honest opinion and help other players to find the best online casino for them. We understand that deposit methods are one of the most important factors when choosing an online casino, so we did our homework and compiled the best payment options for online casinos, and we want to share it with you. Our updated list of countries include: Chile & India.
Types of deposit methods at top online casinos
With online casinos targeting worldwide players, they have diversified their payment methods portfolio. These deposit options range from online payments, offline payments, card deposits to mobile payment methods.
The availability of casinos with varying payment methods gives you the privilege to choose a gambling site where you can conveniently fund your account. An ideal casino is that whose featured payment methods support both deposits and withdrawals. Additionally, settle for a platform that has implemented security measures and meets your other personal preferences.
Credit and Debit Cards
Credit card casinos are among many online punters’ most preferred gambling sites. This is rightfully so since credit and debit cards are among the safest payment methods for online gambling. More so, they are an excellent option if you are looking to transact a considerable amount. Nevertheless, you have to share your credit details with the betting site, which might not be ideal for everyone.
But it should not be an issue if you sign up at reliable and regulated online casinos. Credit and debit card deposits are instant and secure. Withdrawals can between 2-3 days.
Types of Credit and Debit Cards Accepted at Online Casinos
Most online casinos accept credit and debit cards, and these are the most popular credit and debit card to use at online casinos:
- Visa
- MasterCard
- Maestro
- American Express
- Play+
E-Wallets
E-wallets are digital payment methods that have gained popularity over the years. They are mostly known for safe and swift transactions. When using e-wallets, you don’t have to share your banking or card details with the online casino. Hence, they are an excellent choice if you are looking for a safe casino payment method.
Additionally, deposits and withdrawals from e-wallets casinos are processed instantly, saving you the waiting time. Some e-wallets gambling sites have reasonably low transaction costs, which is another remarkable aspect.
Types of E-Wallets available at Online Casinos
Common e-wallets include:
- Paypal
- Neteller
- Skrill
- iDebit
- EcoPayz
- Venmo
- Instadebit
- Interac
- Piastrix
- QIWI
- MuchBetter
Offline Transactions
Online payments are convenient, and transactions are relatively faster. However, if you don’t feel secure while transacting online, you can always fund your online casino account offline. The best thing about casinos that accept offline transactions is that you don’t share your financial details.
More so, there are no online records of your transactions. On the flip side, offline deposits and withdrawals often take longer. For example, withdrawals from bank transfer casinos can take up to five working days, which can be inconvenient.
Types of Offline Payment Methods
These are the top offline payment methods accepted at online casinos;
- Bank Wire Transfer
- eCheck
- Western Union
- PayNearMe
- Money Order
Cryptocurrency
With the growing popularity and acceptance of cryptocurrencies, many casinos have embraced this new payment mode. To use cryptocurrency to fund your account, you need to have funds in your crypto wallet where you can send them to your favorite crypto casino. This mode of payment is safe and fast and is the ideal solution for depositing money. With Cryptocurrency casinos, it is important to remember that your deposit and withdrawals are subject to volatile market fluctuations.
Types of Cryptocurrencies
There is a wide range of cryptocurrencies that you can consider depending on your favorite type of crypto. These include
- Bitcoin
- Ethereum
- Litecoin
- Dash
- Dogecoin
- Tether
- Ripple
Mobile Payments
With the whole world in our hands, mobile payments are a necessity. Mobile payments allow you to sign up, fund your account, and play your favorite casino games from your smartphone or tablet.
Types of Mobile Payment Methods
These are the top offline payment methods accepted at online casinos;
- Bank Wire Transfer
- eCheck
- Western Union
- PayNearMe
- Money Order
Pay by phone
It might sound like mobile payments, but don’t let the name confuse you. Some online casinos allows you to charge by charging the fund to your mobile bill, whether you pay as you go, where payments are deducted from the mobile balance or monthly, where payments are charged in the following month’s bill.
The most common Pay by Phone method available in online casinos is Payforit.
Vouchers
Prepaid vouchers are another popular casino payment method that does not require you to link your credit cards or bank account information to a casino. Ideally, to fund your casino, you will be required to purchase a voucher at a convenience store and use the PIN/code provided to fund your account.
Gambling with vouchers is a secure option since it eliminates the possibility of having your payment details stolen. Another significant aspect of using vouchers is that you can easily control how much you spend. For example, if you buy a $50 voucher, that’s all you can use unless you take a trip back to the store to buy another one. This will give you time to cool down and think about whether you can keep playing.
Vouchers accepted at Online Casinos
There are a few popular internet voucher:
- Flexepin
- Revolt
- AstroPay Card
- EcoVoucher
- CashtoCode
- Ukash
QR Codes
QR codes have proven to be an efficient and secure payment method over the years. This contactless casino deposit option lets you make payments by scanning certain black and white square pattern codes using a supported app. While QR codes casinos accept deposits, withdrawals are not supported. This means that you will have to find an alternative payment method to withdraw your winnings.
Pre-Paid Cards
Pre-paid cards casinos are a great option if you are not comfortable using your credit or debit card. Better yet, with pre-paid card casinos, you have better control of your spending since you can only wager amounts you had earlier intended to use. While these casino deposits are processed instantly, they do not support withdrawals.
Types of Pre-Paid Cards
Examples of pre-paid card include:
- Paysafecard
- Neosurf
- ecoCard
- Postepay
Gift Cards
Gift cards casinos work the same as pre-paid cards, where you can fund your account using a unique code, which helps regulate how much you can wager. Additionally, deposits are processed instantly, and you don’t have to share your banking or card details. However, while gift cards casinos accept deposits, withdrawals are not supported, and you will have to use an alternative casino deposit method.
Person to Person (P2P)
P2P casinos are renowned for fast and reliable transactions. Since there are different P2P versions, ensure that you are using an appropriate person 2 person system that your P2P casino works with. While P2P withdrawals are possible, it is not always a popular choice. Most Person to Person casinos only supports deposits.
Factors to Consider When Choosing an Online Casino
While the available payment method is the key determining factor when choosing the best casino, other equally important factors exist. Here are other aspects to consider when choosing an online casino based on the deposit method.
- Availability: First on our list! Is your preferred deposit method available at the casino? You should be able to fund your account easily and when possible you use the same payment method for withdrawals as well.
- Transaction limits: What is the minimum deposit? Is there a maximum deposit limit? Are there withdrawal limits? Knowing these limits before settling for a specific gambling based on your preferential casino payment method is essential. As a high roller, you want a casino that supports huge deposits and withdrawals.
- Security Measure: How secure are the payment methods supported by the casino? What are the measures that the casino has put in place to ensure that my funds are safe? A recommendable gambling platform will have a clear outline of the security tools put in place to safeguard your financial data.
- Deposit and Withdrawal Time: Are you looking for fast deposits and withdrawals? Then e-wallets casinos and mobile-payment gambling websites are excellent options. Suppose time is not a limiting factor, but you are uncertain about sharing your banking details online. In that case, casinos that support offline payments, such as Bank Transfer gambling sites, are an excellent alternative.
How to Deposit and Withdraw at Online Casinos?
Although each payment method has ts has different procedures, limits, and requirements for funding your account, nowadays making a deposit in an online casinos is as easy as following a 3-4 step guide.
When making a deposit with a credit card, you will be required to enter your card details. These include your card number, your full name, expiration date, and CVV/CV2 code. On the other hand, you don’t have to share your banking details with e-wallet sites such as Skrill and Neteller.
The majority of deposits are processed instantly. However, this is not the case with withdrawals since different banking options have varying withdrawal times. E-wallets and mobile payment are known for fast withdrawals where you are likely to receive your money within hours. However, if you settle for credit cards, your withdrawal request could take up to 3 days. Withdrawals from Bank transfer take the longest, going up to 5 working days.
Online Casino Deposit Methods Comparison
Before settling on a specific casino based on the payment method, check this comparison table.