Introduction to Payment Methods at Online Casinos
With so many payment methods available ranging from the traditional online banking through to virtual money cards we could go on for days exploring the possible different options. We have covered the main payment methods that the majority of online casinos accept.
Making sure that you understand how to deposit and withdraw from any online casino is one of the most important things you need to know. Each payment method we have outlined below will have a link to its own specific page where we have gone into more detail which will enable you to deposit your money in the best and safest way possible
Not all online casinos take every payment option and we certainly cannot guarantee that they will take your payment methods of choice. Each online casino will have a minimum deposit as well as as minimum withdrawal and maximum withdrawal, if and when you win big. These values will also depend on what your chosen payment method is. Lastly, you maybe able to deposit via one method but not be able to withdraw on the same! Confused? Don’t worry we have all the information broken down for you with an in depth review of each payment method you could possible use when playing online.
You can also check our extensive online casino reviews in which we highlight which payment method is accepted and if you can withdraw on that same payment method.
Surely this payment method needs no introduction as this is one of the most recognised brands on the planet. Of course every top online casino will accept Mastercard as a deposit method when accepting players. Online depositors can trust Mastercard to process payments quickly, safely with quick withdrawal times too. Their unrivaled payment security particularly with online payments will speak volumes if Mastercard choose not to work with a certain online casino. So if you do not see Mastercard as one of the payment methods before you sign up, we advise you to stay well away from that online casino. You can read more on depositing via Mastercard here
Another household name in the world of transactions both in everyday life as well as making payments online - including depositing into your new chosen online casino. No doubt everyone one of you will have some form of a Visa card in your wallet or would have had at some point in your life. Again the majority of online casinos will use Visa as a preferred payment method and the deposit and withdrawals are extremely easy. Some withdrawal times will vary depending on the amount and which online casino you choose to play so check out the reviews that we have of the casinos to understand how long you might have to wait for those hard earned winnings. You can read more on depositing via Visa here
Otherwise known as a wire transfer in some countries, this is an extremely safe and secure payment method and one of the oldest know when making payments. One issue is that the deposits can take a couple of days and are not instantaneous depositing methods like a Visa or Mastercard deposit. The one bonus is that withdrawing goes straight into your bank account rather than a credit card meaning you do not have to constantly move the money around to get it back into your bank. Online casinos operate in many different countries so an online bank transfer should be easy and have your chosen local currency. You can read more on depositing via bank transfer here
Rebranded back in 2001 from Moneybookers, Skrill requires online casino players to create an account which is used similarly to a bank account. You will need to register with Skrill first before you can deposit online, completing all your details and linking up a payment method to fund your Skrill account. One of the huge benefits of using an account such as Skrill is that you remain completely anonymous when depositing online and when withdrawing. There would be no casino records on bank statements or credit card statements, leaving you free to play at your will. This casino friendly payment method is certainly one that you should understand more and you can read more here
Under the same parent company as Skrill; Paysafe Group, it is no surprise that Neteller operates similarly to Skrill. More for the European markets, this payment method is widely accepted amongst the major online casinos. Depositing methods are instant via Neteller and funds are withdrawn back into your Neteller account. Similar to Skrill, you will need to sign up to Neteller and create an account before you can make a deposit. Read more about using Neteller to deposit at your chosen online casino here
Paysafecard is now becoming more and more known in the world of online payments, particularly with its aggressive expansion of purchasing rival companies. It is now present in over 25 different countries and as the name suggests, it is extremely safe when is comes to making deposits at online casinos. Read more about using a Paysafecard to deposit at your chosen online casino here
A worldwide payment method that everyone has heard of, PayPal of course extends its reach into the world of online casinos and can be regarded as a trailblazer when it comes to online payments. Millions of users are already signed up to PayPal it is the most used online payment method. When it comes to online casinos, some choose not to use PayPal for some reason and would rather use others listed here. Don’t worry too much about this, PayPal benefits the user rather than the seller as it passes all of its fee’s onto the sellers. A small win for us online players want to deposit and play at our new online casino. Read more about PayPal as a payment method and the benefits here
Originating from Sweden, this online payment provider is fantastic particularly for depositing via your mobile device. A normal bank account that has worked on the usability via your mobile for seamless transactions. Although from Sweden, this payment method is widely used across Europe and is now becoming one of the easiest and best ways to deposit and withdraw funds within the online casino world. Read more about Trustly as a payment method and the benefits here
Bitcoin & Cryptocurrency
Shooting onto the scene globally in 2017 when Bitcoin reached its peak at over $16,000 and propelling cryptocurrency into the lives of everyday people, of course online casinos would open up their doors to accepting this form of payment method. Almost 100% anonymous and easily transferable, it makes a perfect form of currency to deposit when gambling online. Of course, you would have needed to set up your Bitcoin or alternative Cryptocurrency wallet and when transferring you will need a couple of authorisations before the deposit will show in your online casino wallet. Bitcoin is of course the most well known form of cryptocurrency but online casinos will accept other forms. There have been some online casinos that have been specifically created to enable you to play with your cryptocurrency such as Bitstarz for example. What the future holds for cryptocurrency… we don’t know but to read out more about Bitcoin and cryptocurrency, click here.
Mobile Phone Deposit/Boku
With us now moving away from desktop and us living on our mobile phones, it makes sense that online casinos give you an option to make a deposit via your mobile phone bill. Pay by phone bill deposits enable you to make small deposits, usually up to £/€/$30 which is directly billed to your phone bill and will not show as a casino deposit, making this relatively anonymous when depositing online. It is very easy to add funds to your account which is simply filling out a short form with your mobile phone number in which they will send an SMS message confirming the amount and if you wish to deposit without putting any of your other personal information such as bank details or address etc. Read more about paying via your phone bill/boku payments here.
The leading online payment method in Germany that is now starting to expand in Europe, SoFort has yet to have a single case of misuse since the company was incorporated. This surely makes is one of the safest payment methods available to deposit at an online casino. A relatively small number of online casinos use this payment option outside of Germany but some will offer you deposit bonuses in the form of cash back if you use SoFort as your chosen deposit method so keep that in mind if you have a SoFort account. Read more about SoFort accounts and payment methods here.
New to the scene when the company was first introduced in 2016, Zimpler wanted to focus on making mobile payments as easy as possible in the form of an online/mobile banking account. Zimpler enables you to keep track of your spending, segregates your bills so you can easily understand what you are spending your money on. You can either deposit online via your phone bill (remember there is a limit) or via your card if you want to deposit larger amounts at your chosen online casino. So if you like depositing via your mobile phone, Zimpler may be the preferred option for you. Read more about the possibilities of Zimpler as a payment method here
Other forms of Payment Methods
The list could be endless above but we believe that we have covered the main forms of payment methods in the world of online casinos. We hope that the detailed reviews on the respective payment method pages give more clarity when you want to decide the best deposit method for you. Sometimes this information is hard to find buried within the terms and conditions of the online casino pages so it is best to be well educated before you register and deposit online. Read more about paying via your phone bill/boku payments here.
We know for sure that there are some missing above so if you want us to review one of your chosen options, please do get in contact with us and we will set out team of experts to compose a full review.