With numerous ways to pay online, your main concerns are alwayss protecting your personal data and successful transfer of funds (withdrawals and deposits). Whether you’re paying for a product you ordered or a service you commissioned, there are plenty of method, focusing on simplicity, speed or safety where you can transfer money from your bank account to the intended recipient.
When it comes to online casinos, a wide soffering of online payment methods is a must. Catering to players from all over the globe, gambling sites that strive to be successful need to provide their customers with as many convenient choices as possible to ensure quick, safe, and easy transfer to and from their accounts.
In this article, we’ll discuss some of the most popular payment methods, and briefly touch upon advantages and disadvantages of these methods. If you are new to online transactions, you should find plenty of useful advice here on how to get started and what method to choose as your personal preference.
Not all online payment methods are available or convenient for players across the globe and It is very important to keep this in mind when choosing how to deposit, to make sure you don’t get burned on on fees, conversions, etc.
These days, players from the UK can finally use PayPal for their gambling transactions with many online casinos. PayPal is an excellent choice, if available to you, as it has a huge amount of street cred for fast, smooth and safe transactions. The big downside to Paypal are the charges for everyone, you get charged in every transfer and so do the casinos (a reason why a lot of them don’t use Paypal).
Players from Canada or Australia are probably best off using e-wallets like Skrill or Neteller. There are also many country-specific methods you can use, like Qiwi, so you might look into those as well. They are safe, with minor charges and have a great reputation.
In the table below, you’ll find our recommended payment methods for various countries.
Credit & debit cards
Credit and debit cards are amongst the most veteran online payment method, alongside bank transfers. Two of the most popular credit cards are certainly Visa and MasterCard. Most of us have at least one or two of these kicking around in our wallets, and paying with credit cards is fairly simple. Once you pick this method in a casino cashier, you’ll need to enter the relevant information:
As long as you have enough money to cover your payment, money will be immediately transferred to your casino account.
Withdrawing to your card once you had used it to deposit is as simple as selecting this method in your cashier and entering the amount you wish to withdraw. However, keep in mind that MasterCard, in most cases, can only be used for deposits. Visa works both ways.
Those who’d rather not leave their credit card information with an online casino have an option to use one of many electronic payment methods. These work as an intermediary of sorts between your bank account or credit card and the casino. You’ll use your card to load funds to your method of choice (often called e-wallet), and then you can use these funds to deposit to a casino or pay for goods and services online.
This way, you’ll only have to share your card once, with the e-wallet of your choosing, which enhances the safety of your sensitive financial information.
As for the choices, there are quite a few available, including Skrill (former Moneybookers), Neteller, Click2Pay, Instadebit, Citadel, eChecks, and more. Not all of these methods work exactly the same, but it’s the same principle, basically enabling you to never have to share your credit card info with any of the casinos you play at.
Prepaid methods, as the name suggests, allow you to load a certain amount of funds prior to depositing. One downside of these methods, like Ukash and Paysafecard, is the fact they can only be used to deposit funds. You’ll still have to use an alternative method when cashing out.
The way prepaid methods work is really simple. You exchange a certain amount of money, usually at a local, land-based store, for a secure code. You can then use this code to pay for online goods and services or, in our specific case, deposit money with an online casino. The reason why you can’t use Ukash or Paysafecard to withdraw is self-explanatory, as these are one-time codes that expire once you used up the cash, and there is no way for the casino to send money to your Ukash code.
Apart from all these methods, which mostly have been around for a while, lately we’re seeing more and more mobile payment methods becoming available. Most of the e-wallets listed earlier also offer mobile access, so you can use them from your mobile device just as easily.
As for specific mobile payment methods, one option that’s been fairly popular is PayForIt. This methods allows you to deposit funds using your prepaid balance or by adding the deposited balance to your phone bill at the end of the month. Usually, you won’t be able to deposit large sums using this method, but exact limits mostly depend on your phone operator.
We truly believe that e-wallets are the future. They are simple, safe and versatile enough to be fully optimizable to mobile, the only downside is that some of them have restrictions on the withdrawal method – watch out for this.