Top Payment Methods at New Casinos
Customers have a great range of choice at online casinos and can choose debit/credit cards, e-wallets, and banking transfers – but it is important to know how they differ. Below is a short summary of the major types that you will come across.
E-wallets like PayPal, Skrill and Neteller are generally the fastest payment option and the second most used on new casinos 2023, with instant deposits and quick withdrawals, usually paid within 24 hours.
Traditional banking options tend to have more appeal for many first-time players. Debit and/or credit cards are more familiar, which may lead you to reach for your Visa or MasterCard on instinct.
In most cases, online casinos offer instant deposits and withdrawals, with transactions processed in just a few days (at most), as well as low transaction fees. However, credit cards do incur interest, often at high amounts.
Prepaid cards are another online banking option which keeps becoming bigger and bigger. You can usually get around international banking restrictions with these, and adding money to them is typically a quick, simple process.
But the advantage of being anonymous usually comes with an expensive transaction fee. Direct bank transfers tend to be the slowest payment method and can incur substantial charges.
Now that we have covered the various options briefly, let’s look at them in closer detail. This can give you a better-informed choice before registering.
