Online Casino Payment Methods
As a new player at an online casino, there will be a few things to figure out. One of the most important will be which payment method to use. This will be the payment option you use for both deposits and withdrawals.
While the normal range of online stores only opts for one of two payment methods, the majority of online casinos will usually offer you a range of five or more to choose from. These payment methods will be country-specific ensuring you have trusted payment options that allow for quick processing in your region.
Secure Payment Methods
One of the main focuses among most online casino players is finding a payment method that provides secure funding options. All players want to know they can deposit and withdraw without having to fear the security of their financial or personal information.
In this Payment Methods guide, we’ll mention a range of the most secure payment options you will find at online casinos today.
Choosing the Right Payment Method
When it comes to finding a payment method, it’s impossible to provide you with ‘the best payment method’ options. Reason being that everyone’s needs and options will vary based on your region and bankroll budget.
Each payment method has something different to offer in terms of processing times, flexibility and fees. At Handpicked Casinos, we aim to provide you with information on the most trusted payment methods and what they have to offer.
Each of the payment methods we discuss has been reviewed to ensure you get all the information you need for making a decision on the ideal payment option to use in your selected online casinos.
Different Payment Methods
The first thing to keep in mind is that the payment methods won’t look the same at every online casino. Hence why you should do your homework, find the best payment option and then look for an online casino that allows you to use your preferred payment method.
With each of the payment methods we’ve listed, you will find a detailed review on Handpicked Casinos as well as a number of casinos that has these payment methods available.
How to Make a Deposit
Each online casino will have a slightly different process but the main steps remain the same. Depositing funds into your online casino account doesn’t have to be a struggle, here are a few quick and easy steps to follow for quick deposits to your new online casino account:
- Create an account with your chosen online casino
- Navigate to the deposit page, this may be found in the my account, bankroll,or wallet section
- Enter the amount you want to deposit and select your chosen payment method
- Follow the instructions displayed on the screen to complete your deposit
Take Note: Most online casinos have helpful guides and steps to assist new players with those first deposits. With the steps above and the helpful guidelines you’ll be able to make instant deposits to your newly created account in no time.
If you have any questions about making a deposit to your particular online casino, contact their customer support team as they will be able to provide advice on what to do.
How to Withdraw Money from your Online Casino Account
Winnings and additional cash don’t have to sit in your casino account forever. You will have the option to withdraw these funds at any point in time.
When you make the decision to withdraw, you will again need to follow a few simple steps. The steps might differ slightly at each casino but the process works the same.
Here’s a run-down of how you can withdraw your funds at an online casino:
- Sign in to your online casino account
- Navigate to the withdraw page, this may be found in the my account, bankroll, or wallet section
- Enter the amount you want to withdraw and select your chosen payment method
- Follow the instructions displayed on the screen to complete the withdrawal
The casino’s customer service team will be able to help you with the steps in their specific process.
You should also remember that most casinos will require you to withdraw funds back to the payment method you used to make your deposit with.
*Always read the terms and conditions before making any withdrawals. It’s important to do so as many bonuses and promotions come with terms and conditions that require you to meet wagering requirements before any withdrawals can be made.
Top Online Casino Payment Methods
Here is a list of the top payment methods you will find at most reputable trusted online casinos. Each of these has been reviewed by the Handpicked Casinos team and are deemed a safe payment option for players to use.
Mastercard is easily one of the most recognized brands across the globe. The good news is that most of the major online casinos accept Mastercard for both deposits and withdrawals. This payment method has been a trusted payment processor for a variety of goods and services across the globe including online casinos.
What makes Mastercard one of the top choices is their ‘military-grade encryption’ and vigorous systems that ensure your transactions and personal information is kept secure. In order to get a Mastercard, you will need your bank to issue you with a debit card.
Unfortunately, as per new laws and regulations, any online casinos licensed by the UK Gambling Commission cannot accept deposits via Credit Cards. That being said you will still be able to make deposits and withdrawals via your Mastercard Debit.
Any Deposits made via Mastercard is credited to your online casino account instantly, allowing you to play your favourite games straight away.
Like Mastercard, Visa has become a household name over the past few years. Visa cards are accepted for transactions both online and offline. These cards can be used in most of the top online casinos today.
As with Mastercard, the process to get a Visa card is quick and easy. All that is required from you is to visit your bank so they can issue you with a Visa card. This card will allow you to access and spend funds directly from your bank account. Banks will issue you with a Visa Debit or Credit Card. Take note that any Visa Credit Cards can not be used for making deposits at UK online casinos.
When making deposits via your Visa debit card you can expect the funds to appear in your casino account instantly. Making it possible to start playing your favourite games straight away.
One of the oldest and most reliable payment methods available in online casinos is Bank Transfer. These have obviously improved over the years thanks to technological advancements. You will find that Bank Transfer is often referred to as Wire Transfer or BACS transfer, all meaning the same thing.
To make a deposit to your chosen casino, you will be given bank details like a sort code and account number or SWIFT number. You then make your deposit by submitting a payment with these details to your online bank.
To make a withdrawal via bank transfer, you will need to provide your bank details to the casino who will then make the payment to you.
One thing to keep in mind with Bank Transfer is that while they are easy to use, they are not as quick and simple as Visa or Mastercard. These payment options have a longer processing period and could lead to longer waiting periods with both deposits and withdrawals.
Skrill (formerly called Moneybookers) is an online payment wallet. These are also referred to as digital wallets or e-wallets. Essentially, they can be seen as something between a payment processor and a bank which allows you to keep all your funds in a wallet and spend it online whenever you wish.
Skrill is one of the popular e-wallets that have been accepted as a trusted payment method in many of the top online casinos. In order to use Skrill, you first need to create a Skrill account. While some see it as an inconvenience, it’s actually quick and easy to make payments once you’ve followed to account registration process.
Any deposits made via Skrill are usually instant which means you don’t have to wait to start playing your favourite games. And on top of that Withdrawals are just as quickly accessible once the processing period is complete.
Your Skrill account can be funded straight from your bank account or bank card. You will then get to spend your balance with a Skrill card or withdraw the funds straight to your bank account.
Neteller is one of the most preferred payment methods found in the majority of player favourite online casinos. This payment wallet is ideal and accepted in most online casinos. Interestingly it’s owned by the parent company (Paysafe Group) who also owns Skrill which gives it many of the same features.
One thing you’ll quickly notice is that Neteller does not operate within the US as it is mainly aimed at the UK, Irish and European markets. Any deposits made via Neteller is generally instant which is also why it is one of the preferred payment options. As with Skrill, you will need to create a Neteller account before you can make use of this payment method.
The other great benefit of using Neteller is that you will have access to quicker withdrawals. Once the casino processing period is complete your withdrawals are transferred within a few hours at the most.
The third payment option owned by the Paysafe Group is the Paysafecard. This is another popular payment method available in many of the online casinos today. This payment method is extremely useful for players who don’t have a bank account or prefer to make cash deposits to their online casino account.
Essentially this payment option runs via a card which can be purchased at your nearest retail store/ vendor. All you need to do is find one of the thousands of stores that issue Paysafecards and pay the amount you wish to put on the card. You will then receive a prepaid voucher with a special 16-digit code on it that can be entered on the casino’s website via the cashier/bank/payment option.
This payment option has gained a lot of momentum among players because it allows them to remain in control of their bankroll, it’s highly secure and there are very low fees attached. Of course, deposits via this payment method are also instant. Paysafecard is available in the UK as well as 40 other countries across the globe.
It’s widely accepted by online casinos, so you can be confident that you can use it in the one that you want to play in.
Another payment wallet that is available for both deposits and withdrawals in the majority of online casinos is PayPal. Although PayPal is primarily used for other purchases of services and goods outside of the online casino industry.
The good news is that with this wallet being used so widely it’s most likely you already have a PayPal account. Which makes this payment method more convenient for players who don’t want to go through the entire sign up process.
Unfortunately, this payment method is not as widely accepted in casinos as the other payment wallet options listed above. The main reason being that PayPal charges higher fees to casinos and has been known to be selective about the casinos they choose to work with.
That being said, their simple interface makes PayPal one of the easiest and most secure payment methods to use for transferring funds to and from your casino and bank account.
Trustly, a payment method originated from Sweden, provides you with the opportunity to deposit funds to your casino account in an entirely different way. Instead of creating a whole new account or a separate account, this payment method integrates your existing bank account. This allows you to make payments directly from your bank account to your casino account.
Trustly is a trusted payment method that has chosen to work with only the highest street banks in the UK. When you opt to make use of Trustly you will be asked which bank you use. If your bank is one of the approved providers you will get to enter your login details. From there you will be sent a one-time pin to confirm your transaction.
This payment method is fully regulated by the Swedish Financial Supervisory Authority and has become widely accepted across Europe.
Trustly has become a trusted payment method in many online casinos and has even been selected as one of the single payment options for many Pay and Play casinos.
Bitcoin & Cryptocurrency
Bitcoin has been around for quite some time, but it became popular in 2017. It has been touted as a revolutionary new way to pay for everything from your coffee to your next house. In reality, adoption of cryptocurrencies has been slow.
The same is true for online casinos, some accept deposits via Bitcoin, although the vast majority don’t. Of the ones that do, many will place certain limits and restrictions on Bitcoin deposits.
You need a wallet to store and spend Bitcoin, these can be created through online services, downloadable software, or physical devices.
If a casino doesn’t accept Bitcoin, some e-wallets like Skrill allow you to fund your account with Bitcoin. Services like Coinbase also issue a debit which can be used in most casinos that accept deposits via Mastercard.
Each of these payment methods are considered some of the most respected and trusted payment methods for both deposits and withdrawals. At Handpicked Casinos, we’ve reviewed all these trusted payment options and provided a range of recommended casinos that offer these payment options to players.
Find the best online casinos with trusted payment methods and superb bonus promotions to start playing your favourite games.
Pay by Phone – Boku / Payforit
Some casinos now allow you to make a deposit into your account by adding the payment to your phone bill. These deposits are usually fairly small, up to around £/€30, which will then be taken from your bank account when you pay your bill. This means you won’t have a separate statement transaction showing the casino deposit.
Pay by phone deposits are easy, just enter your mobile phone number and the casino will send an SMS message confirming the amount you’d like to deposit.
Read more about using pay by phone in online casinos and find the best pay by phone casinos by clicking on the read more button below.
SoFort works in a similar way to Trustly, by allowing you to make an instant deposit to your online casino account from your bank. This means that you don’t have to wait for the casino to process your deposit manually like with traditional bank transfers.
You don’t need to create a separate account like with e-wallets, you just authorise a transaction with your bank each time you want to make a deposit.
The company began operating in Germany, but it now provides its services to customers in most parts of Europe. However, only a relatively small number of online casinos accept SoFort outside of Germany, so UK and Irish players are unlikely to come across many.
You could still use similar services like Trustly though, which offers a similar service and is more widely accepted.
Zimpler is one of the newest payment methods that players can use to make deposits to their online casino account.
Zimpler offers you the option of paying via card, bank account or phone bill, giving you a very versatile payment tool.
It started with a focus on Nordic countries but plans to offer its services to more European countries in the coming years. This means that you may not find many casinos that accept Zimpler yet, but expect this to change soon.