Every online casino has these features: a website or app, games, bonuses, a license, contacts, security tools and banking methods. Some features, like bonuses aren’t compulsory. But no online casino can survive without banking options.
Players need a way to deposit money to their accounts if they’re to play slots and card games for real money. Also, they need a way to cashout their profits. So, what are the best methods for depositing money to casino sites?
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1—Credit/Debit Cards
Debit and credit cards are the most popular payment methods at online casinos. It’s unlikely to find a gambling website that doesn’t accept Visa, MasterCard or Maestro. And if it’s an American casino, you could also find Discover and American Express cards.
Why should you deposit money using one of the cards mentioned above?
Visa
Visa is arguably the biggest card issuer in the world. It’s fast, secure and accepted universally. As such, you can use it at hundreds of online casinos. Visa’s fees vary depending on your bank.
Its benefits also vary depending on your bank. But generally, it comes with zero fraud liability in case you lose your card, emergency card replacement and sign-up bonuses at casino sites and eCommerce sites.
Mastercard
MasterCard is Visa’s biggest competitor. It comes with nearly all the benefits you receive from Visa. As a result, there’s almost no difference between Visa and MasterCard. Most websites that accept Visa also support MasterCard.
When it comes to fees, interest rates and transaction speeds, the two companies fair equally well. That said, you could select MasterCard over Visa if your bank offers some exclusive rewards for choosing the card issuer.
Maestro, Discover and American Express
If you prefer to use Maestro, Discover or American Express for various reasons, know that they have limitations in the casino space. They don’t rank amongst the most supported banking providers.
For reference, you can check this list of casino banking options to discover the best deposit and withdrawal methods. It’s a comprehensive list that features card payments, e-wallets, bank transfer and cryptocurrency accepted at top online casinos.
2—E-wallets
For many, e-wallets are the best options to depositing and withdrawing money from online casinos. Think about it. You don’t have to reveal your credit card information. Fees are lower and transactions are much faster compared to cards.
Unfortunately, not all e-wallets are accepted at online casinos. Still, to be clear, there are numerous choices:
PayPal
PayPal is the undisputed champion of e-wallet payments and not just in the casino scene. Nearly every shopping website also accepts PayPal. This means the eBay owned company does something right.
Let’s start with its fees. PayPal charges zero fees when depositing money to online casinos. Instead, it charges the merchants—casino companies. This ensures you can deposit from $10 to $10,000 and play games like Texas Hold’em at most casinos without paying any fees.
Another crucial benefit of PayPal is One Touch. This security tool keeps your banking data safely and away from merchants. Essentially, you give PayPal your data so that you don’t have to reveal the information to every online casino you join.
Skrill
Although PayPal is the king of e-wallets, it competes neck and neck with Skrill in the iGaming industry. Not every casino supports PayPal but nearly every gambling operator allows you to deposit and withdraw money using Skrill.
The Paysafe-owned e-wallet was created to process payments for gambling businesses. However, it has since expanded to provide transactions for non-gambling businesses. The company is quick and low-cost. But beware: lots of casinos don’t give out bonuses if you deposit using Skrill.
Neteller
Neteller is Skrill’s sister site. As a result, it has most of the benefits and disadvantages of using Skrill. For example, it’s incredibly popular among casino players. It lets you deposit money to casinos freely. However, you also risk not getting a bonus when you use it for casino payments.
In case you’re wondering, the reason Skrill and Neteller deposits are disqualified from bonuses is because of bonus abuse. Some people used to create multiple accounts to receive bonuses, which casinos frown upon.
EcoPayz
EcoPayz is one of the most popular casino payment methods for casino players in Europe (it operates in Europe’s SEPA countries). It’s a mobile-friendly digital wallet that lets you fund your account using Visa, MasterCard, wire transfer, American Express or Giropay.
SOFORT
SOFORT is another casino e-wallet option mainly popular in Europe. Precisely, it works in Germany, Austria, Switzerland and Belgium. It allows customers in these countries to fund their accounts through cards and wire transfer. In turn, it processes payments to casinos free of charge.
Google Pay and Apple Pay
Google and Apple are always competing. With Google and Apple Pay, these two technological giants are revolutionizing how we pay using credit cards. No need to provide your card numbers. You hover your card to an app and a transaction is processed.
Apple Pay and Google Pay are now available in loads of online casinos. And guess what? You can earn a bonus for using either payment method.
3—Bank Transfer
Bank transfer is one of the oldest banking options in the world. Surprisingly, it’s still a popular way of depositing and withdrawing money from casinos. Its biggest benefit is that you can deposit tens of thousands of dollars. But this comes at the cost of time—wire transfer payments take up to five days.
4—Cryptocurrencies
There’s no denying Bitcoin is a hot commodity in 2021. Elon Musk is a big fan. Snoop Dogg loves it and millions of people around the world own it for speculative reasons. Of course, BTC isn’t the only cryptocurrency out there.
If you hate Bitcoin’s scalability limitations, then you can use Doge coin, Ethereum, Bitcoin Cash, Ripple and hundreds of altcoins for casino deposits and withdrawals. Cryptocurrencies offer extremely low transaction fees and flexible banking limits.
Interestingly, you can also claim huge bonuses for depositing money using crypto. At some casinos, you can grab up to 5BTC in rewards. This is way more money than you can receive for depositing using dollars or euros.
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