Online Casino Payment Methods
If you are keen on gambling and doing your best in order to make the transition from the ordinary land-based casino to an online casino, you should take some things into account. First and foremost, you must have the online operator which perfectly meets your requirements. This will ensure that you will have a positive gaming experience and that you will be able to make the most of your stay at the online casino. The second thing you need to take into consideration is the online casino payment methods to transfer your funds. As a result, in order to lend you a helping hand, our team of professionals has compiled comprehensive guides of the most widespread online casino payment options which will suit your personal banking needs.
All Payment Methods Reviewed by CasinoDaddy.com
We are living in a digital era when you can play casino games regardless of your location. This is because the iGaming is spreading its wings and no one can deny its significant presence in our daily routine. Online casino players, on the other hand, have sought more convenient ways to make online casino deposits and as a result gambling operators have responded by offering an abundance of methods a play can make use of. This amazing variety of payment methods makes it possible for people from any corner of the world to find something that would work for them personally. What we have worked out so far, is that there is no tendency towards a particular payment option. This means that preferences in this field are subject to the availability and convenience of these tools.
Choosing an online casino method is science. Whilst there are tons of options for casino payment methods, some of them have proved to deliver a higher level of satisfaction. To make the right decision, we have summarizes some of the things of paramount importance you should keep in mind. To begin with, the speed of the transaction is the things online casino players would consider first. Some payment methods, e-wallets, for instance, allow instant transfers. Although you might not be in a hurry, look on the bright side. The speed the transaction can make a difference for the better when you are trying to use a time-limited bonus offer and need to deposit the money instantly.
Likewise, commission fees is another aspect you should never neglect. Note that the vast majority of online casinos we are working with do not charge extra fees on withdrawals. Nevertheless, this could not be the case as far as the baking agent is concerned. If this is the case, you should ensure that the amount you deposit will be sufficient to meet the requirements of the casino following the bank agent deducts his fee. By and large, you should always choose the baking method which is the easiest for you to use consistently. Sounds rather complicates, doesn't it? Luckily, we are here in order to provide you with the necessary assistance. Below you can get to know more about each online casino payment option as we believe this will make you more comfortable when playing in a casino.
Deposits using Credit/Debit Cards
Credit and debit cards are probably the most popular payment method for online casinos. The most widespread options of those for online casinos are Visa, MasterCard, and Maestro. However, bear in mind that many online operators take different cards as well. For instance, American Express, so rest assured that if you have a credit/ debit card you will be able to use it for this particular purpose. Likewise, according to recent research, payments with credit and debit cards are steadily winning over cash payments. This perfectly exemplifies that the usage of this payment method is safe and secure. But what is the most favorable aspect of using a debit or a credit card? Their availability, of course. Nowadays, you can obtain a credit/ debit card anywhere. However, bear in mind that even though you can get them anywhere you cannot use them everywhere. Consequently, this is their main problem, as they might not be that easily accepted. This is an important matter decided by the bank, as it is determined by the bank's inner policy on behalf of gambling transactions.
E-Wallets Deposit Options
Another online casino payment method we would like to raise your awareness of is E-wallets. In our humble opinion, E-wallets are going to become the dominant casino payment option in the near future. The future most preferred banking route for online casino withdrawals is famous for its speed of the transaction. This allows you to get your payment in less than 24 hours. However, Phil Wohl once said: “With every plus, there must be a minus”. Well, this is true regarding E-wallets as well. The main negative aspect of their usage is that the providers charge a fee for the transactions.
On the bright side, the fees are usually rather small and offset by the benefits of loyalty programs on offer. Generally, the most popular e-waller worldwide is PayPal. Be that as it may, not each online casino operator accepts PayPal, as the brand has extremely stringent policies towards gambling payments. As a result, the most popular e-wallets for online gambling are Skrill and Neteller. Neteller, specifically, is acknowledged all over the world and was initially made as a payment route for online casinos. Today, it administrates over 180 countries. In 2005 Neteller was handling 80% of all web-based gambling payments, however, this rate has gone down since a greater number of payment methods entered the market. Skrill (once in the past Moneybookers) is a generally new player on the e-wallets market, however, it is now acknowledged in more than 200 counties. It's one of the exceptionally secured online casino payment options and bolstered by the tremendous number of online casinos.
Making Payments using Cryptocurrency
Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Besides, cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority. Thus, this amazing online casino payment method is basically immune to the old ways of government control and interference. In terms of the online casino industry, the number of online casinos that accept cryptocurrencies as a payment option is constantly increasing. Moreover, in our firm belief, it will not be long until each online operator accepts this method of payment. What you should definitely take into account is that the value of cryptocurrencies is extremely volatile. This means that the highs and lows of this market could potentially work for or against you, introducing a further layer of risk. Although Bitcoin, Ethereum, Litecoin, and Dogecoin are amongst the most popular options to be found at the cryptocurrency casino, you can confidently expect to notice many over methods in due course.
Bank Wire Transfers Options for Funding your Casino Account
A wire transfer is a transfer of funds done electronically across a network of banks or transfer agencies around the world. Wire transfers allow for the individualized transmission of funds from single individuals or entities to others while still maintaining the efficiencies associated with the fast and secure movement of money. Different sorts of bank wire transfers are acknowledged as major online casino payment methods and might be, actually, the favored choice for most operators. The purpose behind this is the outrageous security associated with this sort of exchange, which limits the risk for all parties involved. Be that as it may, a huge piece of this security originates from an intensive personality check, which takes some time. Subsequently, this sort of exchange can take as long as 7 days. These exchanges likewise accompany the bank charges that can be very huge relying upon the sum. Bank wire transfers have a higher prominence rate in the nations where quicker and increasingly productive online payment options are not as effectively accessible.
Instant Bank Transfers
Instant Bank Transfers gain popularity in the iGaming industry because of their convenience. This kind of bank wire transfers negates the drawbacks of normal exchanges because of the speed of the exchange. Currently, the most well-known kind of instant transfer service for online operators is Trustly. Under the Trustly set-up, a customer or client will not straightforwardly contact the bank, rather, the client will pass the banking credentials and data to Trustly, and the platform will finish the exchange for the benefit of the customer. It would be ideal if you note that these payment methods are mostly utilized for deposits. Notwithstanding, they offer a colossal favorable position for time-constrained advancements as your cash actually gets to the casino instantly. Another popular way to enjoy internet banking is trough the use of iDEAL or Giropay, for instance. The former is by far one most popular in the Scandinavian region. Furthermore, is very extremely flexible in terms of transactions as it does not charge transfer fees. The latter is not very different. It allows online casino players to pay for casino services online via secure online banking facilities. Since 2019, Giropay has become one of the most recognized payment options for German casino players. This is because it offers reasonable yet varied fees depending on the services utilized by the clients.
Using Prepaid Cards is a Valid Option
Prepaid cards are a popular payment solution among gamblers around the world. The reason is simple – they are convenient and safe to use and have all the features you will ever need to bet money online. Prepaid cards’ users can also pay for items or services online outside of gambling, with their popularity rising significantly in recent years.
Essentially, these cards hold a preset amount of money. You can buy them from physical stores or online, with many alternatives available. They are particularly lucrative for small to mid-budget gamblers since they are limited to a certain amount of cash. The reason why prepaid cards are so widespread in the igaming industry is the great anonymity factor. Punters don’t have to give any sensitive information when depositing at online casinos or link them to a bank account.
Gamblers can stumble upon several types of prepaid cards. The most commonly used one is the disposable prepaid card, which has a predetermined amount of cash. Once it’s spent, the card is empty and no longer usable. These cards are often given as gifts and are similar to vouchers you can buy for various services. Naturally, if there is a disposable prepaid card, there should be a reloadable one as well. Gamblers can recharge the card and use it to deposit many times, but it’s rare to see them as withdrawal methods at online operators.
Deposits using Paysafecard
PaySafe Card’s prepaid card is certainly a popular choice among gamblers. Customers can get a rechargeable prepaid card, allowing for payments around the world as if with a credit card. It can be used both online and offline, making it perfect for gambling. This card is powered by MasterCard, with international acceptance and premium level or transaction security. You only need to sign up on the PaySafe Card’s webpage, order your card and start using it. Simple and straightforward, this solution comes with a €9.90 annual fee and 5-10 working days delivery time.
Deposits using Skrill Prepaid Cards
The Skrill Prepaid MasterCard gives users instant access to their account balance from anywhere. It takes from 7-10 fays to receive it and allows for ATM’s withdrawals worldwide. The Skrill balance isn’t linked to a bank account or any third-party software, adding a great sense of privacy and security. Customers can pay online or in physical locations, and spend money abroad without any worries.
Deposits using Net+ by MasterCard
The Net+ Prepaid Cards operate on the MasterCard platform. They provide instant access to the user’s Neteller funds and enable purchases online or in person. Customers can use these cards almost anywhere, thanks to the MasterCard international market coverage, and can also withdraw from more than 2 million ATM’s. There is 2-10 days delivery time, after which users gain immediate access to their Netteler account funds.
Safe and Convenient Mobile Payments
The feature of online gambling is in mobile devices. The statistic shows that over 1 billion people use a mobile payment app, and that number will only grow in the years to come. Technologies today allow for similar if not identical experience across multiple platforms. There are more and more video slots and live dealer games being transferred on iOS, Android and all sorts of Windows devices. With a trend so popular, it’s only natural for mobile payment solutions to make their way into the igaming industry. They allow for a high-level of secure transactions on the go.
Gamblers can safely deposit the desired amount with just a few taps on their smart device. Many companies involved in the financial industry are turning their attention to mobile, with titans like Apple and PayPal already venturing into this field, with millions of active users. The convenience factor of this form of payment is what elevates it in the eyes of many. Game developers can deliver smooth gameplay with great visuals and precise features, making gambling on your smartphone just as appealing as on a desktop device. However, it is important to note that most mobile payment providers don’t allow for withdrawals, due to the nature of their services. We have reviewed some of the most used mobile payment platforms such as Apple Pay, PayPal, and SiruMobile covering everything you need to know before dipping your fingertips into the mobile world.
Pay from your smartphone via ApplePay
Apple Pay launched in 2014 and it can be used to make purchases online or at any POS device. It can replace a credit or a debit card since it works similarly. Compatible with the latest models of iPhone and the recent versions of iPad Air, Apple Pay is primarily used in the USA. Owners of Macs and Apple Watches can also use their services, with a little bit of setup. Apple strives for as much market coverage as possible, with its range ever-spreading across the globe.
Deposit safely with the all-popular PayPal
PayPal is one of the most popular payment providers when it comes to online gambling and almost anything else. There are 305 million active PayPal accounts, with a 14% year-on-year growth. With such high numbers, it doesn’t come off as a surprise that many casinos include it on their payment methods list. It allows for easy to use instant deposits and top-notch security. More than 200 countries are accepting PayPal, making this solution internationally acclaimed.
SiruMobile is a brilliant Finnish alternative
SiruMobile is a Finnish payment method, allowing gamblers to pay with their smartphones. It uses carries billing and is available in Finland, Sweden, and the United Kingdom. Essentially, it makes it possible for gamblers to deposit money using a SIM card. There are some restrictions to its functionalities, as it only allows for limited deposits and smaller purchases. On the other hand, it is very useful for players who bet smaller amounts of cash at a time.
Latest Casino Deposit Trends for 2020
The start of the new decade brings an exciting forecast for online gambling. According to researches, the igaming industry will be estimated at $100 billion through the course of the next five years. In a shorter perspective, 2020 promises bigger and better bonuses for gamblers around the world. The size and variety of available promotions have escalated massively in recent years.
A $100 welcome bonus was almost unheard of just several years ago. Compared to the standards today, where thousands of dollars are given for the simple act of making your first deposit, you can see how much things have changed. The loyalty programs of online casinos will be worth your time and money investment more than ever, rewarding high rollers and regular customers with larger withdrawal limits, free spins, and other exclusive perks.
The amount of payment methods that would be available is staggering. Out-of-the-box solutions like phone carrier billing or trusty e-wallets like Skrill or Neteller are rising in popularity. Gamblers can make deposits in new ways, with more options than ever before. With cryptocurrency becoming more prevalent on the market, services like CoinsPaid begin to appear. They give newcomers a chance to benefit from the great anonymity provided by Bitcoin, Litecoin, Ethereum or any other altcoin in an easy to use, controlled environment.
The British government has banned the use of credit cards for online gambling, as decided by the UKGC. The ban will enter into force from April 14, 2020, and will affect all forms of gambling with the exception of the National Lottery tickets. There are 24 million punters in the UK, and credit card payments are used frequently at online casinos. A simple and straightforward form of payment is surely in high demand, with many gamblers looking for a good alternative. Only time will tell who will rise on top, but one thing is for sure – there is plenty of space for new providers in the industry.
Best Payment Methods by Country
Preferred payment methods are different for every country. Gamblers from specific regions can benefit more from certain services, than outside of their country. For example, US customers can use Apple Cash, which is a feature that allows the transfer of money from one user to another via iMessage. This service is only available to Apple Pay users in the United States. Another instance of region-locked payment service is Qiwi, which is used by a large percentage of the Russian gamblers but is only available on Russian territory. Some certain advantages and disadvantages come with every payment provider out there. Nevertheless, there are payment solutions, which seem to be the better choice, depending on where you are in the world.
The best Payment Methods in the United States
The United States of America is the largest e-commerce market in the world. With advanced and straightforward payment solutions, US gamblers can benefit from many great services. The most used payment methods to date are MasterCard, Visa, and American Express. There are new additions to the market, gathering a positive wave of attention in the mobile payment sector such as Apple Pay, Samsung Pay, and Android Pay.
Safe Deposit Options in Canada
Most of the purchases made outside of Canada are made to the business in the US. Credit cards seem to be the payment solution of choice for not only online gambling, but all kinds of services both in physical locations and on the web. Providers like Visa, Master Card, and American Express are prevalent once again, but with the addition of the Canadian interbank network, Interac.
Popular funding options in the European countries
The gross gambling revenue (GGR) of European countries is highest in the UK, Germany, France, and Spain. There are an estimated €24.7 billion of revenue in 2020 from this market alone, generated by sports betting and online casinos. The European e-commerce report for 2017 predicts a 13% growth in the next 5 years.
The highest GGR is in Great Britain, with €1.6 billion and more than 15,000 full-time casino employees in the country. Part of one of the biggest economies in the world, UK gamblers are using shopping and debit cards as a predominant form of payment. With an average of 2-3 cards per customer, Visa, MasterCard, and Direct Debit are most commonly used.
France’s market is dominated by the Cartes Bancaires (CB) – their national interbank network. The most used credit card in the country is Carte Bleue Visa, which is a brand associated with CB. Visa is generally more used than PayPal and MasterCard, coming in second and third places respectively.
German citizens are one of the most frequent cross-border buyers in the world, with over 50% of their online retail taking place internationally. Despite that, non-card payments such as Sofort, Paypal, and Giropay are the payment method of choice for many Germans.
Being the largest of the Nordic countries, the Swedish e-commerce market in 2017 was estimated at a massive €11,5 billion. Card payments are the most popular in the country, with MasterCard, Klarna, and Visa being all present. Online banking also holds a significant percentage of the share.
In Russia, Visa seems to be the popular credit and debit card. The e-wallet services of Qiwi are the second-most-popular option, with more than 150,000 payments made on terminals or phones, followed by Yandex Money and PayPal.
The best deposit options in the Asian regions
Markets like China, Japan, and Indonesia represent a large portion of the Asia Pacific e-commerce market. There is the home of 60% of the world’s population and are a huge business opportunity for the right investors.
China is the biggest retail e-commerce market in the world, estimated at $1.7 trillion. 66% of the purchases made in 2016 were entirely on mobile devices, showing us how advanced and the m-commerce market is in the country. Currently, there are three major players in the sector: Alipay, Union Pay, and WeChat Pay.
Japan ranks fourth on the world’s biggest e-commerce chart. Konbini is a popular service, allowing customers to pay for online purchases in 24-7 convenience stores, which is a unique payment method. Their local credit card, JCB is popular, but Visa is holding the number one place in the card sector, followed by MasterCard.
The Best Withdrawal Methods at Online Casinos
One of the most important features while playing at online casinos is the withdrawal methods available. When choosing a withdrawal method valuable criteria is to be able to cash out your winnings without any complications. We, at CasinoDaddy.com, have gathered the best withdrawal methods you can use to cash out your winnings. We look out for certain criteria when researching the best payment methods, such as availability, safety, the processing time for payout, fees and customer support. On this page, we will provide a detailed review of everything there is to know about online casino withdraw options in 2020.
How to withdraw money from your online casino?
Withdrawing money from your online casino is a simple process with a few steps you have to follow. When you sign up at your online casino site, head over to the cashiers' section. Open the cashout page and select a withdraw option that you want to use from the ones listed. Then you need to fill the amount of the withdrawal and follow the instructions depending on the selected payment option. Make sure the wagering requirements are met.
Often, casino sites use additional verification processes for all withdrawing transactions. You will receive an email that requires certain checking documents to prove your identity. Such is an identity document – photo of your passport or driver's license, account statements, or utility bill with surname and address. Some casino sites also require you to fill in an application form and send it back to the casino.
These verification documents can be sent out by fax or email. Note that, if you do not send out the required documents to verify your identity the transfer won't be processed. Let's have a look at some of the best withdrawal methods available for online casinos!
Credit cards Withdrawal Methods
One of the most well-known and commonly used methods to withdraw your winnings from online casinos is by a debit or credit card. Almost every gambling player with a bank account has a card connected to it. To use this method you have to register your chosen card at the casino account in the cashiers/withdraw page. Registration of the card usually requires you to enter the number of the card, expiry date and the name of the cardholder. For higher-security, most casinos require a special “CVV2” code, which is the last three digits on the back of your card under the magnetic stripe. Payment methods with cards are extremely safe, convenient and easy to use. Let's have a look at some of the best card payments!
MasterCard is one of the safest and most well-know established payment card services online. It is used widely across the globe by millions of gambling players with hundred of transactions conducted daily. MasterCard has the highest security standard in the business and is recognized by every licensed operator. It offers players to accept withdrawal transfers in the preferred currency from their online casino venues. Withdraws with MasterCard Casinos are quite instant and have a low transaction fee of 1.5%-2% at some operators. The minimum amount you can withdraw is $20 and the maximum $2,000 – $8,000, depending on the operator. Making a withdraw with MasterCard has lots of advantages and benefits for players because of the high-security measures on transactions and data protection.
Another safe, trustworthy card service for withdrawing cashouts is Visa. Visa is one of the largest card corporations with more than 200 territories, widely used by many gambling enthusiasts and supported by various casino platforms. It is a reliable and secure way to transfer your winning to your bank account. Visa is a relatively quick withdrawal method that usually takes up to 2 business days for withdrawing transactions to be processed. A small fee will be applied by your bank ranging from 2%-5% per transaction. There is a withdraw limit ranging from $20 up to $2,000 per transaction. With Visa, you can withdraw a quite good amount of your winnings for a small commission and greater security.
Bank Transfers as a Withdrawal Method
Bank transfers, also known as wire transfers, cash transfers or electronic fund transfers, are the oldest established and one of the best withdrawal methods. They are a means of transferring cash electronically directly to your bank account without the interference of third parties. To withdraw your winning from your online casino account via bank transfer you have to select your bank from the ones listed as a payment option and fill in your banking information and the amount you want to withdraw. Bank transfers are processed from 3-5 working days and the winnings will be payout directly to your bank account. The fees for transactions vary depending on the banks' tax policy. Bank Transfers have a large deposit and withdraw limits you can benefit from and provide safety of your personal and transaction details due to multi-encryptions. That is one of their greatest advantages and may gambling players use it as almost everyone has a bank account.
e-Wallets Cashout Methods
e-Wallets are massively growing in popularity over the years and have become commonly used withdrawal methods amongst gambling venues. They directly connect to your bank account and are used as a third party payment provider that adds an additional layer of security to your transactions. With e-Wallets you have a better track at your spendings and remaining balance and save yourself from overspending. e-Wallets are fast, secure and a digital wallet format where you can keep your savings. To make withdraws with e-Wallets you simply have to fill in some verification information and your e-Wallet address at your online casino venue. Here are some of the best well-known e-Wallet payments systems!
Skrill is an international e-wallet provider since 2015 on the gambling market. It has gained popularity with over 35 million users and hundreds of casino venues worldwide. Skrill is well-known for its fast and low commission fee withdraw transfers. It usually takes no more than 10-15 minutes for the withdrawn sum to be available on your Skiller account with a small fee of 1.9%. It is a relatively low charge compared to other direct bank transfer option and payment solutions. Because of its low- fees and fast transaction times, Skrill is much preferred amongst the best withdrawal methods.
Nettler is an e-wallet system powered by MasterCard. It is provided with strong authorization processes for both registering an account, verifying your identity and withdrawing transactions. It is one of the safest e-wallets available for customers that protects all sensitive data from fraud and theft. Using Neteller for withdrawing money is an easy, simple process. Withdraw times take within 24 hours to appear on your Neteller account with a total fee from 1% to 5% in total. Neteller withdraws are widely accepted as it is one of the largest e-wallets corporations. You can completely trust its services as it is well-established with a strong reputation for security.
WebMoney is another e-wallet used worldwide from various locations to make millions of transactions on a daily bases. It is gained greater popularity of being one of the best withdraw methods because of the complete anonymity of all transactions. No personal data or bank account details are shared with third parties using WebMoney Casinos. It provides numerous funding options and acceptable transaction fees of 0.8% of the sum transferred. The approximate time for withdraws to be available at your e-wallet account is 5 to 7 working days. It might be slightly longer than other e-wallet options but it provides perks such as greater anonymity, low-fees and high-security rates you won't find anywhere else.
Cryptocurrencies Payout Methods
The future of digital money is said to be cryptocurrencies. Their main purpose is to serve as a virtual currency that typically uses a decentralized network to carry out secure financial transactions. They are rapidly gaining popularity as a blockchain payment systems for operating cashless transaction online. Cryptocurrencies can be sent to anyone anywhere in the world without limitations. They are based on peer-to-peer transactions without third parties, additional software or banking information needed. They are well-known for keeping complete anonymity on players' identity and sensitive data. As well as their low-fees, centralized blockchain, and faster transaction times. To conduct cryptocurrency transaction you simply need your casino account address or cryptocurrency address provided when conducting a withdrawal. Cryptocurrencies are a convenient withdrawal method you can use.
The most recognized, popular and widely-used cryptocurrency in the world is Bitcoin. There is almost no one that hasn't heard of Bitcoins as a means of transferring digital money online. It was first presented in 2009 as part of the centralized blockchain technology serving as a mediator between one user and another. Roughly between 3.7 million bitcoins were wagered since 2014 and hundreds of casino venues support its innovation of transaction processing. Withdraws with Bitcoin might take some time, up to a few days for being processed. The fee for the transaction depends on the amount you wish to withdraw and starts from 0.0001 BTC, which is around $0.74. Overall, Bitcoin is a simple, digital withdrawal method.
The second best online cryptocurrency used at gambling venues as a withdrawal method is Litecoin. Litecoin is known for having quicker transaction times unlike other cryptocurrencies, such as Bitcoin. It can be used by many different users without the interference of a particular district or government. With Litecoin casinos you can withdraw your winnings from your casino account with the withdrawing process between 24-48 hours. The fee you will be charged for withdraw is $0.20 which is 0.000001 LTC/byte. Litecoin has one of the lowest fees for transfers and a convenient fast transaction processing times. That is why it has gained its popularity for being one of the best and most used cryptocurrencies in the world.
Ripple is a cryptocurrency invented by the well-established company Ripple Labs in 2012. It is recognized by several banking institutions with 100 billion XRP in existence. Major gambling sites provide Ripple as a payment service to players. It has great advantages and features such as fast and low-cost withdrawing transactions. Withdrawing your winnings with Ripple is almost instant and it takes between 3-5 minutes to be processed. It has low transaction fees of 10 drops or 0.00001 of a Ripple. You can easily buy Ripple with Fiat currency by joining an exchange site and create a Ripple wallet to transfer your XRP. Withdraw transactions from Ripple Casinos are made via blockchain address linked to your wallet. Ripple is known for being a simpler and faster withdrawal method for casino venues.
Using Digital Vouchers to Withdraw your Winnings
There is a wide variety of online casino payment methods, starting from e-wallets, additional accounts, direct transfer services, and more. Including one of the most popular payment systems prepaid cards or vouchers. It is a system you can use right away in a couple of simple steps. You can buy a prepaid voucher corresponding to a cash value online or at any retail store market with the brand you chose. Such voucher-based systems are Paysafecard and Neosurf. The way to use them is simple.
You don't enter any personal or banking information. You are provided with a PIN on the front or the back of the voucher that you need to enter in the online casino site to confirm the payment. With Paysafecard Casinos, you have better control over your gambling as you have a clearer view of how much you spend. The deposits are instant, there are no fees, and you have complete safety and anonymity over your money transactions. Neosurf is another popular prepaid card payment method with the same simple step structure and security applied to your savings. Major online casinos accept digital prepaid vouchers or cards at their casino venues.
Unfortunately, vouchers and digital cards can be used only for deposits and not withdraws. However, there are many other withdrawal methods available. We, at CasinoDaddy.com, have listed the best withdrawal methods you can find and review all of their, advantages, perks and benefits. Read more on our page and choose the ones that are most convenient for you regarding your personal needs and requirements!
Real-time bank transfer services for withdrawals
Major bank institutions have developed additional transaction services that are compatible with their platforms. Their main purpose is to serve as a gateway between your bank account and the casino venue account and directly transfer your money, faster, with lower fees, and additional security applied. All you need to do to use such services is choose them from the withdraws methods listed on the casino page, enter your online banking and confirm the transaction. There is no need to open any additional account or e-wallets or go through an endless verification process. Let's have a look at the best withdrawal methods services.
Such a casino payment option is EasyEFT. EasyEFT is a bank transfer service that is mainly developed to make transactions to retailers, merchandisers, person-to-person, gambling venues and online casinos. It is available for only banks located in South Africa and South African gambling players. The withdrawing times with EasyEFT take between 2 to 7 working days. There is no fee applied to make a transaction with EasyEFT. EasyEFT Casinos are well-known for highly secured withdraw transactions, full anonymity, and user – friendly process.
Another direct transfer gateway between bank accounts and casino venues is Trustly. It is one of the best withdraw methods because of its wide availability across European countries and larger banks. Recently Trustly has started covering even location services in the United States. It is directly linked to your bank account with the functional anonymous transfer process. There are no fees applied to transactions with Trustly Casinos. The withdrawing time takes up to two working days and the withdrawal limits are fairly high – between $4000 and $10000. This is convenient for gamblers who wish to transfer higher sums without commissions.
Giropay is a withdrawal method that is totally secured by numerous encryptions available for German gambling players. It is a gateway that delivers information to your bank via which you can deposit and withdraw amounts with online casinos. Giropay works with almost all major banks in Germany, which means that many German gamblers have access to this service. It is a very flexible payment service with a standard fee of 0.9% to 1.2% and an extra € 0.08 per transaction. The withdrawal process takes up to 3 days to be available at your bank balance.
Final Considerations Regarding Online Casino Payment Methods
Uncertain about finding a casino that suits your online gambling needs in terms of online casino payment options? Don't be! Each famous and respected online casino is flexible enough in order to provide you with a sufficient number of online casino payment methods. Whether you are depositing money in your favorite online operator or cashing out your winnings, we kindly advise you to familiarize yourself with our online casino payment methods page so as to discover the one which will meet your expectations. What you should unquestionably consider is flexibility, security, commission fees, and transaction speed, as this is the only plausible way to make a decision you will not regret in the future. Finally, we wholeheartedly encourage you to play responsibly and we wish you a stroke of good luck and amazing winnings.
You Asked, CasinoDaddy Answered
We have listened to your burning questions and created this comprehensive FAQ guide with the purpose of shedding some light on the hottest topics!
? How do I choose a good online casino payment method?
When selecting your preferred means to deposit to your casino account, there are a couple of things you might need to take into account. Always choose a method that is universal and versatile, generally accepted by most operators; also check up its safety standards, if it’s reliable and if you are comfortable with using it.
? What online payment methods are the safest?
All of the payment methods we have listed on this page are proven to be safe and reliable. For this reason, the majority of payment methods we have reviewed for you are being used by tens of thousands of people every day. Most of the methods we recommend use an OTP and require transaction codes to confirm payment.
? What are the fastest payment methods?
Generally, deposit times also depend highly on the casino one is attending, but through the research, we have concluded that transactions are usually processed quickly with e-wallets. On the other hand credit/debit cards also complete transactions quite fast, but bank transfers are in most cases the slowest.
? Is it necessary to have a credit/card?
It is not compulsory to own a credit card in order to be able to deposit funds at an online casino, although some alternative payment methods require you to fund your account via credit card. However, there are plenty of payment methods we have described for which you do not need a credit card to open up an account.
? What is better – a credit card or an e-wallet?
Depending on who you ask the answer you receive might be different, as it is up to the preference of the players; however, in recent years, e-wallets are growing in popularity due to their quicker deposit times and the little information required to set up an account. Generally, more people have a credit card than an e-wallet, but online casino users prefer installing an e-wallet as it is easier to manage your online transfers.
? What can I do if I have issues depositing funds?
In most situations, if you find a problem when depositing funds at an online casino, you should first contact the customer support team of the gaming club and consult with them for advice. Moreover, if the problem is on behalf of the payment service you’re relying on, most of the ones we have listed do provide 24/7 customer support.
? Does geographical location matter when choosing a payment method?
It is essential that you check out our list of the best payment methods for 2020, as we have specified which one is available in what regions. Due to financial restrictions and service regulations around the globe, not every payment method is universally available to all players.
? Generally speaking, how are earnings withdrawn?
Depending on the payment method one is using players can withdraw their earnings instantly or it may take up a couple of days. In order to withdraw your funds, you must first go to the cashier page and request a withdrawal. Once you have done that, one last confirmation is needed on your part for the transfer to be initiated.
? Are withdrawal times different for every method?
Overall, withdrawal times depend on the casino you’re attending and the payment method you are using. Generally, e-wallets transactions are processed instantly, however other payment methods like credit/debit card payments may take up to a couple of days or sometimes less than a day. Ultimately, bank transfers have proven to be the slowest method to cash out your earnings.
? Is it possible to check up previous withdrawals or deposits?
The majority of payment methods we have enlisted on our site do have mobile phone applications, and there you can always check out your previous transactions. Nowadays most e-wallet and online banking applications allow you to track every one of your transactions.
? Is there a maximum amount one is allowed to withdraw?
Maximum withdrawal limits usually vary depending on the online casino one is attending and the payment method you choose. From our research, we have concluded that e-wallets are most flexible when it comes down to withdrawal limits, as banking institutions tend to put restrictions when it comes down to withdrawing funds from online gambling clubs.
? Is my personal information protected?
All of the payment methods we recommend are licensed by their relevant authorities and are approved by all major financial regulators. Therefore, we can assure you that the personal information you use with payment merchants is protected by the highest security measures.
? Are there any charges applied to my transactions?
It is not unusual for a payment method to impose fees upon its clients, however, we have also included a lot of payment services that do not require any additional fees from its users. Players must be aware of the online casino they are attending, as most such clubs do apply a charge upon their player’s transactions.
? Are Visa and Mastercard cards the best online methods of payment?
What is especially good about these credit cards is that they are widely accepted at any online casino around the globe. For this reason, it is easy to deposit funds using these services and it may be considered as a preferred method due to the large audience of people who use it, but nevertheless, there are many new methods available that are just as convenient and reliable.
? Is it secure to make deposits with Visa cards at online casinos?
Usually, Visa credit cards have proven to be the most secure and protected, as they are issued by banking institutions and usually require an OTP to complete online payments. However, in some countries, certain online casinos are restricted, therefore you might not be able to deposit funds with it if you own such a card – no matter what the circumstances are.
? How are Visa and Mastercard different?
To be completely honest these two methods are almost completely identical, they are universally accepted, reliable, and safe and feature outstanding security measures. There are so many things this two share in common – including the fact that they are major competitors – and that is why all their features are similar; the only things that might differ are the fees.
? What exactly is online banking?
In recent years this method has become more and more popular. Online banking is simply an electronic payment system that allows people with bank accounts to process different types of online payments.
? What do I need to do to set up my online banking?
The first thing that you will need is to set up a bank account, if you do not have one, which usually includes having to give the banking institution an ID copy, utility bill, proof of address and other personal information. After opening up an account, online banking will be shortly available to you as every bank offers a mobile app through which you can take care of your transaction.
? Is online banking secure?
Generally speaking, online banking platforms are the safest out there when it comes down to online payments. To complete transactions through online banking one is required to enter an authentication code to process one’s transaction. Additionally, banks implement the strictest measures of security, therefore you need not worry about your personal details.
? Does online banking have any limitations?
On the contrary, online banking is probably the most convenient method of transferring money online as it is reliable and allows anyone to execute transactions to any commercial entity around the globe.
? Can I incur fees using online banking?
Fees and charges one might encounter depend solely on the banking institution you are using. The majority of banks do apply a small fee upon their user’s transfers, especially when there is an exchange rate included. Sometimes, the fees are applied by the online casinos themselves.
? Can I make deposits and withdrawals with every payment method?
Not every online payment method you have access to allows you to make withdrawals at an online casino, but the vast majority will allow you to deposit funds online. For this reason, you should check up on our list to make sure that you choose a method that allows you to do both.
? Is there any method that allows me to withdraw my winnings instantly?
With most e-wallets, transactions are instantly processed, but sometimes there might be a slight delay – or, in other cases – it might take up to 3 days depending on the online casino.
? Can US players use most of the payment methods listed on this page?
There are a plethora of online payment methods available for players from the US, however, there are also many which are not available. Make sure to check out our detailed reviews, as we have specified their availability on a country level. In the majority of cases, the two main methods utilized by US players are PayPal and Visa credit & debit cards, which are both available and easy to use.
? Can I claim casino bonuses with any payment method?
What online casinos require is that a deposit is made for a bonus package to be available. The best way to secure a generous welcome bonus is to fund your casino account via a payment method which is universally accepted with most operators – read more about it in our dedicated bonus section!
? Are e-wallets safe and secure options for online casino deposits?
All e-wallets are protected by the latest encryptions software and are regulated by authorized financial institutions, therefore you can be assured that the information you covey upon these institutions is protected to the utmost standard.
? Are there payment methods that are forbidden?
Casino players will have to choose a payment method to use not always depending on their preference but mostly based on availability. As mentioned, there are certain payment services that are exclusively available to users of one continent or country only – that is why you should always check beforehand. Thankfully, we have done the research for you.
? Are all deposits transferred immediately?
Not all deposits are transferred immediately, it depends on the payment method you are using and sometimes on the online casino you are attending. Every method is different by itself, but usually, e-wallet funds are the ones deposited instantly.
? What payment method is the safest?
Although the majority of payment methods we have enlisted are completely safe and secure, there is much debate over how users perceive online security when their personal info is at stake. In most circumstances, Visa and Mastercard debit & credit cards have proven to the safest methods, but recently, e-wallet providers have tightened up their security measures, which has resulted in many more people choosing services like Neteller and Skrill as their preferred method of depositing funds. Keep in mind that cryptocurrency is also a viable option, as long as you have access to it.
? Do all payment services have a transaction confirmation code?
Generally, most online payment methods have some method of authentication; for example, Visa and Mastercard have an OTP. E-wallets like Neteller usually send you notifications and include a security key with which you can confirm your transaction. To sum up, almost every payment method has a way of authenticating a transaction.