The Best Payment Methods that Online Casinos Offer

There are a few great reasons why people are now choosing to play casino games online. Convenience has always been the main reason why people go online for this and part of it includes how easy it is to make transactions with online casinos nowadays.

Thanks to technology, there are now many ways for you to be able to make payments online. The same goes for depositing to your online casino account. Online casinos are becoming more competitive when it comes to making things easy for their customers and so, you can easily find a casino that can offer you the most convenient payment options.

If you are new to online casino gaming, you probably only have a few ideas on what kind of payment options are offered by casinos. This is why you mustn’t just research on slots or video poker tips. You should also know what payment method would be best for you. Well, we’re here to help you out. So far, here are the best options that you can choose from.

  • Credit/Debit Card

This is still the most popular and easiest way to make a transaction online. The most popular credit and debit card options are for Visa, MasterCard, Maestro, and American Express users. In the US, more than half of mobile payments are made through these cards.

The same goes for transactions in Europe. Many are also using their cards to deposit their gambling accounts. However, note that the UK has already imposed a ban on the use of credit cards on gambling transactions.

  • Digital Wallets

Digital wallets are also becoming more popular. It’s pretty much the next popular option next to credit and debit cards. The most popularly used digital wallets in gambling right now include PayPal, Skrill, Neteller, and Venmo.

Transactions made with digital or e-wallets usually get processed in real-time or within the next 24 hours. However, expect that there may be transaction fees whenever you use digital wallets. Still, don’t worry too much because these fees are typically not that big.

Another great thing about using digital wallets is that you get additional protection with the transactions that you make. If in case you encounter problems with your transaction, you can also file a complaint with the digital wallet platform so that they can assist you when it comes to getting your money back.

  • Cryptocurrencies

Many are saying that the use of cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin is the future of online gambling. Bitcoin, in particular, is the father of all cryptocurrencies. It has been around for a decade now and it was just a few years back when it gained a lot of attention.

In 2017, the value of a Bitcoin reached around 20,000 US dollars, and since then many people and industries have started to embrace its use. This includes the gambling industry. Currently, there are now many online casinos that accept cryptocurrency payments. There are even casinos online that only cater to crypto users.

What’s great about using cryptos is that transactions are usually processed in real-time. It’s also cheaper to use than digital wallets because there are usually no extra fees to be paid. Many gamblers also prefer using this because they can make deposits anonymously. Using cryptocurrencies can give them the privacy that other payment methods can’t give.

This is also the best option if you are traveling while gambling online. There is no need for you to exchange your cryptos into a fiat currency so that you can use them on casinos based in a different country. This also saves you from the hassle of having to make a transaction with your bank when you’re offshore.

  • Other Options

Aside from the three popular options that we have above, some people still use pre-paid cards or vouchers to be able to deposit their accounts. An example is a Paysafe Card. This is only available in Europe and can’t be purchased in US stores at the moment. However, if you already cashed it into your account, you can still use it in casinos that accept US citizens.

A bank wire transfer is still an option that you can take for some online casinos. However, know that bank wire transfers can take as long as 7 business days to process. If you don’t want any banks involved, there are still casinos that are partnered with third-party services like Western Union where you can deposit your gambling money.