Are you thinking of registering for an online casino? There’s nothing more fun than placing wagers online for some of your favourite slots or table games. Whether you love roulette or blackjack, poker or baccarat, finding the right casino services provider for you couldn’t be more important. While there are lots of things to bear in mind, one aspect which should never be overlooked is the issue of payment. How are you going to fund your player account? And, more importantly, how are you going to receive your winnings? At one time, there were very few options when it came to making payment for online gambling transactions, but with the newest Bitcoin casinos, you’ve got more choices than ever before. Read on to find out more about the various banking methods you can choose from. With all this information at your fingertips, you’ll be well-placed to make an informed decision.
Classic Payment Methods
Before we go any further, it’s important to note that the most commonly seen payment option in any online casino, no matter where in the world it’s based is the classic credit or debit card. MasterCard and Visa are almost universally accepted for both deposits and withdrawals, with American Express sometimes being accepted too. This method offers you plenty of security, and transactions are usually swift and trouble-free.
One newer option which has found its way into online casinos today is the prepaid card method. PaySafeCard and Entropay are two such solutions. Both are widely available and give the player the option of limiting the amount they spend by only allowing pre-deposited funds to be used. The cards can easily be topped up with funds from your own bank account ready for use. One limit of this payment method is that usually funds cannot be transferred back to the card in the event of a win but it does give you the peace of mind that comes with knowing you can’t exceed your budget accidentally or get into debt.
E-wallets are another relatively new intrusion into the online casino payment marketplace, and they have revolutionised the way in which players make deposits and receive their winnings. Almost everyone has heard of PayPal, one of the biggest and best-known e-wallets out there today. However, there are others too including Neteller. The big advantage of these methods is that they are super-quick with funds being released in just seconds. They also form an extra line of security between the player and the casino. Since the casino never sees the player’s bank details they are better protected from cybercrime. Not all casinos accept e-wallet banking methods, but the numbers that do increase year on year.
The old tried and tested banking method for depositing and withdrawing funds at online casinos is the classic bank transfer. Most casinos are still willing to accept this method which is reliable and secure. The only downside to this method is the length of time taken to process transactions. This is particularly slow in terms of withdrawals where it can take as long as a week or even ten days to receive winnings into your bank account.
Cryptocurrencies are gaining in popularity around the world and now casinos are getting in on the act too. There are now an increasing number of online casinos which offer punters the facility to fund their player account with digital payment methods. Although there are several different cryptocurrencies, the most famous is Bitcoin. Several casinos have now allowed Bitcoin use on their websites. Bitcoin payments offer the benefit of being very secure and also anonymous. If you want to keep your betting under the radar, using Bitcoin is one of the best solutions for you. Quick and easy to set up, a Bitcoin wallet also gives you the extra benefit of allowing for speedier transactions.
Pay By Phone
One unusual payment method offered by some online casinos is the Pay By Phone option. This innovative payment method allows players to simply add their transactions onto their existing mobile phone bill. If you have a pay-as-you-go phone, you can still use this banking method. You can simply top up your phone balance and then use it in the same way as you would a contract phone to deposit funds into your player account online. This is a very fast and secure method and has proved popular with those who don’t have credit cards.
A Range Of Options
These are the most popular banking methods that you’ll find being offered by online casinos today. Although not every casino will offer each one of these options, you’re likely to find the choice of several no matter where you choose to play. The key to getting your casino choice right for you is to choose a casino which offers you your preferred payment method as well as an option of several others. This will give you the flexibility you seek to play all your favourite games online to your heart’s content without any difficulties in depositing or withdrawing your funds.