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Payment Methods Guide for online casinos

RayanM

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VISA​

Visa payment for online casinos
Visa tops the list of the most widely-used payment and withdrawal methods in online casinos. In the online gambling community, the MasterCard is not as popular as the Visa as it has begun refusing certain transactions with online casinos. Visa, on the other hand, is known to deliver funds and winnings more quickly. The only downside here is that players from the United States might have to hide or change their IP address since there are already online gambling regulations being enforced in the USA. This can be done by using a VPN on your computer and switching to an IP address from a country that is more lax when it comes to online gambling.

Most Visa cards also reward users with points for every purchase made. That means Visa users get a little something extra every time they gamble using their card. That is a great way to still get something out of those really bad playing days.

Choose a security measures

Although Visa’s online portals are safe and secure, the online casinos you go to may not be. This means that fishing and hacking is still a possibility, and could lead to identity theft and fraud. Be extra sure about your chosen online casino’s security measures.

Making a deposit to your gaming account with a Visa credit card is simple. Just access the online casino’s cashier page, enter your credit card number and the amount you will deposit, and wait for the transaction to go through within minutes. Take note that some online casinos require a minimum amount when using credit cards or debit cards, so make sure you check the terms and conditions of each online casino you visit.

Mastercard​

mastercard payment for online casinos
MasterCard remains one of the most common payment methods for online casinos. It loads your online casino account in an instant, which means that you can play anytime, on time without having to wait for game credits. There are no minimum and maximum limits, and with no additional fees on top of your purchase. You also earn rewards with each purchase, which means that not only do you get the chance to win big on each game, you also get to win big on rewards despite any loss. MasterCard is accepted as a payment method for many online casinos around the world including US casinos, so gamers in the US can have access to their favourite online gaming sites and play all they want.

Problems with withdrawal

However, it only comes second after Visa as a preferred credit card payment option because it cannot be used to withdraw earnings. Before using a MasterCard for online casino transactions, make sure that you have another option for withdrawals. The fact that there is no maximum limit can be a con as well, knowing that spending may be harder to control.

To use your MasterCard for online gaming, simply create an account with the online casino and you will be led to a page that will ask you for your credit card details. Once approved, payments will go through automatically.

Always check the terms and conditions that apply to your location and your MasterCard for a more seamless transaction. Some banks in countries where gambling is prohibited may disallow payments from debit or credit cards to online casinos. Be extra vigilant in taking care of your credit card details as well, as an added protection against fraud or identity theft.

Paypal​

Paypal payment for online casinos
PayPal is the most popular electronic wallet in the world, with a variety of payment and withdrawal services in a number of different currencies. However, not all online casinos accept PayPal for payments and withdrawals.

A PayPal account must be verified before it can be used as a payment or withdrawal method for online casinos. This means that it cannot be used immediately after signing up for the service. To verify a PayPal account, it must be linked to a credit or debit card, as well as a bank account. Different countries have different banks that allow easy linking with PayPal. Once verified, however, you can immediately start using it for online casino transactions more smoothly.

Secure payment portal

PayPal users pay through a secure payment portal, which is then linked to the website where they’re availing the service. Because users do not have to enter their credit or debit card information directly to the online casino, they are better assured of a safer transaction.

PayPal charges certain fees for withdrawals, often depending on how big the amount is and depending on your location. The local bank you transact with may also charge additional fees on top of that, so make sure to ask the bank what their procedures are. Withdrawals are not immediate, and it usually takes 3 to 5 business days before the withdrawn money is reflected in bank accounts.

Before using PayPal or any payment method for online casinos, check the laws regarding online gambling in your location. European countries are allowed to deposit and withdraw using PayPal. Players from the US and Canada are not allowed.

Neteller​

Neteller payment for online casinos
Neteller is famous in the online gambling community for its wide offering of withdrawal methods. It allows you to withdraw using check, FedEx Check, FCash, or through electronic fund transfer. This gives you more flexibility in your withdrawals, with most withdrawal methods free of charge. For some casinos, they could charge around $15-$20.

One drawback of Neteller however, is that it does not allow you to withdraw money to credit or debit cards. On the other hand, you can use credit cards and debit cards to fund your account. You can also link a bank account to your Neteller account, although this is entirely optional. You can make use of Australian deposit methods such as POLi payments as well.

If you are a traveller who uses Moneta.ru, you can top up your online gaming account free of charge. Using it for online poker rooms is also free of charge. Neteller is not linked to any of your bank accounts as well, and only requires an email address and a password for you to access your account.

Most online casinos that accept Neteller will require a minimum deposit anywhere between $10 and $25. Most withdrawals are done instantly but for larger amounts, Neteller account holders may have to wait 24 hours to 3 days. Also, some online casinos offer exclusive bonus funds to players that use Neteller.

Currency support and fees

Neteller does not support multi-currency accounts, which can be inconvenient for those that use non-supported currencies. Participants may have to pay fees for large money transfers to other participants. For deposits made directly through the bank, they are mostly free of charge. For deposits made using credit cards however, charges of 1.5% to 1.75% may apply.

In using Neteller for deposits and withdrawals to online casinos, research about the restrictions on online gambling if you are located in an area where this activity has certain rules and limitations. You cannot use a Neteller account if you are based in the US, Canada, Israel, Macau and Hong Kong.

Skrill​

Skrill payment for online casinos
Skrill is available in more than 200 countries, and offers about 100 different payment options. It accepts both payments and withdrawals with ease. Skrill can be funded using most major credit cards, debit cards, Giropay, Nordea, and a lot more. However, bank transfer remains the best option as it is free of charge.

When it comes to withdrawals, Skrill makes the process very easy. All you need to do is click “Skrill” from the withdrawal options on the casino website and enter the amount you want to cash out. Wait for the transaction to go through – it should not take long. As far as transferring funds from Skrill to your bank account is concerned, the process should only take up to three business days. The first time you will be withdrawing money to your bank account will be longer, because your bank may need additional verification first before accepting the transfer. Check your local bank for more details.

Skrill offers better security because they offer transactions through their own secure payment portal. It also gives you the added convenience of having a mobile service to access your account.

Fees and verification

Fees also apply for certain transactions. Depending on the account type, there are fees of up to €0.50. It puts a limit on transferring money to your account. You can only transfer up to £500.

Skrill requires verification after sending or receiving $2500 worth of payments on your account. The verification process can be difficult as it requires the submission of certain documents, such as proofs of billing and scanned copies of IDs.

Skrill was known before as Moneybookers, so take note that they are exactly the same thing.

You will not be able to use Skrill for gambling if you are based in the US, China, Malaysia, Turkey, or Israel. You also cannot send or receive payments for unlicensed/illegal lotteries. The majority of online gambling sites will only allow a minimum deposit of $10-$25 with your Skrill account.

Ukash​

Ukash payment for online casinos
Ukash is probably the most secure payment method for online casinos. It is a unique electronic wallet service that allows users to buy 19-digit voucher codes from any of their thousands of outlets all over the world. These voucher codes are then used to make deposits in online casinos. Although the service does not allow withdrawals, its security tends to make it a better option for a lot of online gamblers.

The safest way to deposit funds

Ukash is, without a doubt, the safest way to deposit funds to online casino accounts because it does not require any personal information that could be used for identity theft. Ukash users also have more control over their spending as their playing bankroll will be limited to the voucher they purchased. When using a credit card, especially that with a high credit limit, players have a tendency to overspend and get neck-deep in debt. While registration to Ukash is not required when making online casino payments, having a Ukash online account can help users manage their Ukash vouchers better. It also lets users split, combine, and convert their Ukash codes.

The biggest disadvantage of using Ukash as a payment method for online casinos is that it is not as widely-available as other types of payment. You also need to be in close proximity to the Ukash outlet before you will be able to use the option.

Ukash is regulated and authorized by the Financial Services Authority in the UK as an e-money institution. No financial or personal data are required, so user privacy is guaranteed. Using Ukash for online casino deposits is common worldwide, except in the US.

Bitcoin and other cryptos​

Cryptos are the latest deposit method available. Most of the online casinos are starting to accept it. Huge bonuses are offered to people that deposit with crypto currencies.
 
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