There are dozens of ways to fund your online casino account and some of them are familiar payments methods you have probably used at an e-commerce site before. As always, there are advantages and disadvantages to using different types of payment methods – from fees to transaction speed – so we thought it’s a good idea to give you a quick summary of the most popular ones.
Debit And Credit Cards
Debit and credit cards are the most common payment methods to use at an online casino. The methods are available at all operators and deposits are added to your casino account immediately, allowing you to play instantly. When it comes to withdrawals, however, debit and credit cards are rather slow and can take several days to reach your account. There are usually no fees when using this method, and it’s one of the safest to use.
Note: If you reside within the United Kingdom, credit cards will be unavailable for use at online Casino payment methods starting April 2020. For more information, check out the reviews at Casinos to Play, which go more into detail and provide you with the best alternatives.
e-Wallets are virtual wallets and services which you can use to fund your casino account. Popular e-Wallets include PayPal, Skrill, and Neteller. These options deposit funds into your casino account instantly and offer users quick withdrawals, most of which are processed within a few hours – much faster than waiting several days like with credit and debit cards. Unfortunately, most online casinos prohibit you from using e-Wallets to claim welcome bonuses, which can be incredibly frustrating as you’ll need to use an alternative payment method.
There are several mobile payment methods such as Boku, Pay By Mobile, and Pay Via Phone. All of these methods allow you to make payments with your mobile phone, either by adding the amount to your monthly phone bill or deducting the charge from your pay-as-you-go credit. These deposits are made instantly but the method cannot be used for withdrawals, forcing you to use a different payment method instead. These payment methods also have low deposit limits of around £30 which can be frustrating for customers who like to deposit large amounts.
Another popular method for depositing at an online casino is with a prepaid card such as Paysafecard. This is one of the safest methods to use since you do not provide any personal details when making deposits. However, there are several disadvantages to using this method since prepaid cards can only be used for deposits, can only be used once, and must be purchased from authorised retailers which can actually be difficult to find. Like the mobile services explained above, prepaid cards cannot be used for withdrawals and an alternative payment method is required.
We’ve covered most of the available casino payment methods and listed some advantages and disadvantages to using them. We recommend you use what’s easiest for you. Many users prefer to use debit and credit cards since they’re widely accepted and there is less fuss, however more users are opting to use e-Wallets due to their instant deposits and withdrawals. It’s also worth noting that you are completely free to use more than one method, and can combine their usage to.
Ultimately, the only requirement for a good online casino payment method is that it must work with you. Once you’ve found a method that does, everything else will fall into place.