There are many different casino deposit and payout methods. We’ll cover the most popular ones here to help you make a decision about what casino banking method is best for you.
Popular Casino Deposit Methods
We’ll split this information into sections to make it easier to digest. Casino payment methods tend to fall into three broad categories; traditional, e-wallets, and cryptocurrencies.
Traditional Casino Payment Methods
Traditional casino payment methods are well-known to everyone. You can use these payment methods at online casinos, at other online stores, and offline in the real world.
Almost every online casino is a Visa casino. It’s difficult to imagine how a casino could even function if it didn’t accept Visa debit and credit cards. All you have to do is enter your 16-digit card number and make a deposit. Visa cards are widely accepted, simple and easy to use, and almost everyone has one.
The only potential downside of using Visa casinos is the risk of your card details being stolen. You can use prepaid virtual Visas to avoid this.
Most casinos also accept Mastercard deposits. Using this card has all the same benefits as Visa, but there is a downside. You can’t use Mastercard as a withdrawal method at most online casinos. We’re not entirely sure why that is, but it happens frequently enough to have caught our attention.
Mastercard casinos accept players from all over the world, and like any other credit or debit card, it’s super simple and easy to deposit using this payment method.
If you’re not keen on sharing your card details with an online casino, you can choose to make a bank deposit instead. This is done just how you’d do any other bank transfer. You enter the details of the casino’s bank account and you make the transfer with a transaction ID as a reference. When it lands, which could be instant or could take days depending on your location, your account will be credited.
There are fast bank transfer services such as Trustly, Giropay, and iDeal. These can be used to make bank transfers to online casinos from various countries around the world. They provide extra security by acting as a middle-man between your bank account and the casino.
Popular Casino E-Wallets
E-wallets have changed the way millions of people make payments online. These handy digital wallets allow you to make secure, fast, and safe payments to all types of websites, including online casinos.
PayPal is the most popular e-wallet online, and it’s the most trusted by far. It has its pros and cons, but one of the biggest benefits of using it is that almost every casino online accepts payment using this method. PayPal casinos are absolutely everywhere.
The advantages of using PayPal to gamble online are that it’s easy and free to set up, it provides extra security, and it’s widely accepted. The downsides are some of the high fees for currency conversions and the inability to use it for online gambling in some countries such as the USA and Australia.
Neteller is the runner-up e-wallet besides PayPal. It actually got its start during the internet casino boom in the USA, right before the American government banned online gambling. However, Neteller survived and is still widely used by gamblers across the world today.
Neteller offers all of the same advantages as PayPal. It’s safe, secure, and trusted. It does have a few fees which range between 1% and 15% for funding your wallet. You need to be aware of these before playing at Neteller casinos.
Skrill is an e-wallet used widely across Europe. It’s probably third in line behind PayPal and Neteller in terms of how many players use it. It’s accepted at many UK online casinos.
Skrill has all the same advantages as the other e-wallets. It’s safe, secure, and means you don’t ever have to share card or bank details with a casino. It does have some account inactivity fees and you’ll have to pay to load your wallet with funds and to withdraw. That’s the price you pay for the extra security Skrill casinos offer.
There are only a handful of brands on earth that have the same power as Apple. It’s trusted all over the world, and its move into online payments was welcomed by casino players. To play at Apple Pay casino sites, you need to connect your debit or credit card to your Apple wallet and use it to make deposits.
This provides you with an extra layer of security and payments are fast and secure. There are no real downsides to using Apple Pay to gamble online. It’s worth exploring this option if you’re looking for a reliable casino payment method.
If you’re looking for a casino deposit method and you don’t mind using an alternative payout method vouchers could be the answer. These operate like cash and leave no trace of your online payments.
Neosurf is a hugely popular casino payment method in Australia, where it’s difficult to find ways to pay for online gambling due to government restrictions.
To use Neosurf casinos, you buy the vouchers at a store and enter the pin codes to deposit to your casino account. Each voucher has a set value such as $50, and once it’s used, the voucher becomes worthless. This is an extremely safe casino deposit method.
Paysafecard works just like Neosurf – you purchase a voucher and enter a PIN to make a deposit. The only difference between it and Neosurf is that it’s widely available across the UK, Europe, and Canada, whereas Neosurf is focused more on the Aussie market.
We’ve reviewed plenty of Paysafecard casinos online. This is a great option if you’re looking for a casino deposit method that works just like cash. The only downside is that if you lose your voucher, you lose your money, so keep it safe.
Cryptocurrencies are the latest innovation to hit online payments. Starting with Bitcoin that was released back in 2009, dozens of other cryptos have sprung up to facilitate online payments to and from anywhere.
Check out some of our cryptocurrency casinos to find out more about how they work, what the pros and cons of using them are, and which casinos accept cryptocurrencies.