Find the right casino for your preferred payment methods
There are many ways to deposit money in an online casino, but some will align with your gaming needs more than others. In this comprehensive guide, our aim is not to direct you to one method or another, but rather to show you the solutions available so that you can choose the one that suits you best.
Best Online Casino Payment Methods
The best online casino payment methods are those that offer fast processing speeds, high levels of security, and minimal additional fees.
In this guide, we will provide you with a comprehensive overview of several safe and secure casino methods of payment. Your choice will play a crucial role in your online casino experience, so choose wisely!
What types of payment methods are accepted in online casinos?
If you'd like to be given a chance at landing some real money winnings on your favorite gaming platform, then online transactions are unavoidable. Here are some of the most reputable payment methods that you can choose from during your next online casino adventure!
Credit and Debit Cards
Credit and debit cards are some of the most widely accepted payment methods in online casinos. Amongst the major payment providers, you will find:
Visa
Mastercard
American Express
Their popularity stems from the high levels of security that they can offer, capable of protecting both your personal and financial information from any potentially harmful third-party threats.
In addition to this, credit and debit cards are very easy to use, with deposits processed instantaneously.
Whilst they are the perfect solution for placing deposits, when it comes to withdrawals, this method of payment poses some drawbacks.
Due to bank processing times, withdrawals might take a few days to reach your bank account, acting as a major inconvenience for some casino players. Some additional charges might also apply, so always be aware of the potential small transaction fee charged by your financial institution.
e-Wallets
Electronic wallets, more commonly referred to as e-Wallets, have risen in popularity with online casino players for the speed and convenience that they have become synonymous with.
These digital wallets enable instant deposits to top-up your balance and lightning-fast withdrawal processing times, making them a fan-favorite with users looking for quick access to their playing funds.
Here are some of the most popular e-Wallets that you can choose from:
If simple, easy, and fast transactions are what you are looking for, then e-Wallets offer the perfect solution to your dilemma!
Incurring minimal additional transaction fees, e-Wallets have become our go-to payment methods at various online casinos.
Bank Transfers
Bank Transfers offer an impressively reliable payment solution for players who prioritize ultra safe and secure transactions.
On average, here's how long you can expect to wait for your bank transfers to be processed:
Online casino deposits can take between 1 and 3 banking days to reach your player balance
The processing time of withdrawals can take up to 5 banking days to complete
Players who prefer direct transactions from their bank accounts will choose this payment method for their gaming needs, however the major disadvantage described above can be a massive deterrent for others.
Ultimately, whilst your deposits and withdrawals might take considerably longer with a bank transfer, this payment method is very suitable for large transactions, and the high level of security that it offers is unparalleled.
Prepaid Cards
Prepaid Cards, such as CASHlib and Paysafecard, are the best option for players who wish to remain completely anonymous on the Internet.
In addition to this, prepaid cards allow you to control your spending and to prioritize budgeting in an online casino environment.
This is because this method of payment uses a voucher system that allows you to top-up your ticket with a pre-determined cash value. Alternatively, you can also choose to purchase a prepaid ticket in a set amount. Once this amount runs out, no further transactions can be made.
No banking details are required when choosing a prepaid card for your casino transaction, allowing you to deposit funds without revealing any personal or financial information.
The biggest disadvantage of this payment method, however, is that withdrawals are not possible. If you choose a prepaid card to make your deposit, you will then be forced to choose an alternate method to complete your cashout request.
Cryptocurrencies
Incredibly fast, yet highly volatile, cryptocurrencies have taken the online casino world by storm, providing a highly convenient means of payment for players who wish to remain completely anonymous on the Web.
Amongst the most popular cryptocurrencies, you will find the following:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Tether (USDT)
The advantages of this innovative method of payment are many, including top-notch safety and security, lightning-fast speeds, low fees, and high transaction limits.
On the other hand, players who gravitate towards this payment method must also be aware of its many disadvantages:
It is highly unstable, meaning that its value fluctuates inconsistently and on a regular basis. In addition to this, not all online casinos will offer this banking option, and a smaller variety of bonuses and game offerings might be available to crypto players.
Payment Method Comparisons
Below, we have compiled a table that lays out the various pros and cons of these methods of payment.
| PAYMENT METHOD | CURRENCIES | SPEED | ANONYMITY | AVAILABILITY IN CASINOS |
|---|---|---|---|---|
| Mastercard | ✅ +200 | ❌ Up to 3 banking days | ❌ | ✅ Commonly accepted |
| Visa | ✅ +200 | ❌ Up to 3 banking days | ❌ | ✅ Commonly accepted |
| Bank Transfer | ✅ +100 | ❌ Up to 5 banking days | ❌ | ✅ Commonly accepted |
| PayPal | ❌ +25 | ❌ Up to 5 banking days | ❌ | ❌ Limited |
| Paysafecard | ❌ +30 | ✅ Fast deposits only | ✅ | ✅ Commonly accepted |
| Skrill | ✅ +40 | ✅ Fast | ✅ | ✅ Commonly accepted |
| Neteller | ❌ +28 | ✅ Fast | ✅ | ✅ Commonly accepted |
| Neosurf | ❌ +20 | ✅ Fast | ✅ | ❌ Limited |
| CASHlib | ❌ +10 | ✅ Fast deposits only | ✅ | ❌ Very limited |
| Crypto | ✅ Decentralized | ✅ Very fast | ✅ | ❌ Not all accept it |
How to make deposits in online casinos?
Take a look at the table below that includes the processing speed and limits of several payment method options typically offered at online casinos.
Keep in mind that these values may differ according to the online casino you have chosen and the specific geographical location that you find yourself in.
| PAYMENT METHOD | DEPOSIT PROCESSING TIMES | MIN. LIMITS | MAX. LIMIT |
|---|---|---|---|
| Mastercard | Instant | €10 | €4,000 |
| Visa | Instant | €10 | €4,000 |
| Bank Transfer | 1-3 banking days | €20 | €4,000 |
| PayPal | Instant | €10 | €4,000 |
| Paysafecard | Instant | €20 | €4,000 |
| Skrill | Instant | €10 | €4,000 |
| Neteller | Instant | €10 | €4,000 |
| Neosurf | Instant | €20 | €4,000 |
| CASHlib | Instant | €10 | €1,000 |
| Bitcoin | Instant | 0.0001 BTC | No limit |
| Ethereum | Instant | 0.01 ETH | No limit |
| Litecoin | Instant | 0.01 LTC | No limit |
Placing a deposit at an online casino is very straight-forward. Follow this step-by-step guide to top-up your player account balance:
Register your player account at the online casino you have chosen.
Click on the ‘Deposit’ button typically found at the top right-hand corner of the site.
Alternatively, head over to your player profile and click the ‘Wallet’ option.
You will be presented with a list of payment methods accepted in your region. Choose the option that aligns with your gaming needs.
Enter the amount that you would like to deposit.
Follow the prompts and enter any additional banking information that might be required.
Confirm the authorization of the transaction.
The processing time of your deposit is completely dependent on the payment method that you have chosen and the online casino you are registered at.
Typically, however, your deposit should only take a few minutes to reach your account.
When choosing your payment method, be aware of the minimum and maximum transaction limits placed by the online casino. These may differ according to the gaming platform in question and the terms of any casino bonuses that you wish to claim.
How to withdraw funds from online casinos?
As with online casino deposits, the withdrawal processing times and limits listed below may differ according to the online casino you have registered at and the specific country or region that you are in:
| PAYMENT METHODS | WITHDRAWAL PROCESSING TIMES | MIN. LIMIT | MAX. LIMIT |
|---|---|---|---|
| Mastercard | 1-3 banking days | €20 | €4,000 |
| Visa | 1-3 banking days | €20 | €4,000 |
| Bank Transfer | 1-5 banking days | €500 | €4,000 |
| PayPal | Instant | €20 | €4,000 |
| Paysafecard | ❌ | ❌ | ❌ |
| Skrill | Instant | €20 | €4,000 |
| Neteller | Instant | €20 | €4,000 |
| Neosurf | ❌ | ❌ | ❌ |
| CASHlib | ❌ | ❌ | ❌ |
| Bitcoin | Instant | 0.001 BTC | 10 BTC |
| Ethereum | Instant | 0.01 ETH | 100 ETH |
| Litecoin | Instant | 0.01 LTC | 100 LTC |
Requesting a withdrawal at an online casino can be slightly more complicated than making a deposit.
To aid you in completing this process, we have compiled the steps required below:
Sign in to your casino player account.
Click on your profile, select the ‘Wallet’ tab, followed by the ‘Withdraw’ option.
Choose the banking method that you desire from the list presented. To ensure a smooth transaction, we recommend choosing the same method previously chosen to make your deposit.
Enter the amount that you would like to cash out from your withdrawable balance.
Fill in the required fields with your banking details.
Once confirmed, you might be re-directed to your payment method provider. Follow the prompts and provide any additional information requested.
Finally, authorize the transaction.
Withdrawal processing times can differ significantly according to the payment method chosen and the online casino you are playing at:
On average, fiat payment methods necessitate between 1 and 5 banking days for your withdrawal to be processed
Crypto transactions, on the other hand, are processed almost instantly
The minimum and maximum withdrawal limits dictated by the casino may also differ, so make sure to be aware of these values prior to registering your player account.
How to choose the best payment methods for playing in online casinos?
Are you not sure which online casino payment method is the right choice for you?
Then let us dispel any confusion that you might have. Below, you will find the best tips and tricks for choosing the perfect banking option that will align with your gaming needs!
Online casino payment security
The first factor that you should take into consideration is the payment security that has been put in place for each banking method available at the online casino in question.
This includes encryption technology and two-factor authentication, two highly efficient security measures that are capable of protecting you against any potentially harmful third-party threats.
To ensure that the personal and financial information that you share on the platform will remain protected, it is vitally important that you choose a payment method that offers secure transactions.
Fast transactions
The best payment methods are also those that provide fast transaction processing speeds.
The most fitting options for fast transactions are e-Wallets and cryptocurrencies, both offering increased levels of security and extremely reliable payment solutions.
On the other hand, credit and debit cards, as well as bank transfers, may have considerably longer processing times that might inconvenience some players.
When attempting to choose the payment method that best aligns with your gaming needs, we highly advise you to choose that which can offer instant deposits and quick withdrawals.
Payment fees
There are various fees associated with different payment method options, including the following:
Transaction fees
Currency conversion fees
Withdrawal fees
These are all potential additional fees that might be incurred by the payment method that you have chosen. Before selecting the best payment method for you, we recommend that you determine which potential fees might apply to you.
In addition to this, you should opt for banking methods that have low fees or, better yet, no fees attached to them. In this way, you can maximize the potential winnings that you manage to earn at online casinos!
