Casino Payment Methods
Here we go through the main deposit and withdrawal methods that can be used at all new casino sites.
This guide will explore all the different methods available and help you pick the right one for your unique needs. You can also read an in-depth review of every payment method.
• Follow the links below or scroll down.
• Find the payment method of your choice.
• See all casinos that allow your favourite payment method.
How We Rate Casino’s Payment Methods
We take a good look at all casinos being launched, specifically how safe the casino is in terms of handling transactions and how many options are available.
In other words, if you are playing for real money you have to look for these:
- Variety of payment methods
- The popularity of the payment methods
- Processing times
- Restricted methods in some countries
- Any news that may affect you (e.g. UKGC credit card ban)
- The overall experience of making a deposit
Some casinos do not mention all the options properly or are still implementing new providers; other times, we have to speak to the customer support team to confirm a payment method is accepted.
Deposit & Withdrawal Fees and Limits
The most common way of depositing into your casino account is by using a credit or debit card, such as VISA or MasterCard, except for players in the UK.
The fees for a credit or debit card transaction are usually around 2.5%. In terms of fees, this is quite standard, but some methods will only charge for withdrawing.
It can also get even worse if you choose to use other deposit methods such as PaysafeCard and certain e-wallets, as some casinos charge up to 5% in fees for these deposits.
Be mindful that deposits with Skrill and Neteller usually are excluded from claiming most casino bonuses, so check the T&Cs before depositing.
Fast Casino Withdrawal Options
As of today, the fastest casino withdrawal options are the e-wallets, such as PayPal, EcoPayz and MuchBetter, to name a few. Since their nature is online, speed is their main feature.
Vouchers can be considered fast as well because the money is almost instantly deposited into your account as soon as you insert the unique code and press deposit.
The slowest options are cards and bank transfers, which can take up to 7 days in some cases to reach your pockets.
Short Facts About Costs and Transfer Limits
Usually around €/£10
Usually around €/£20
Usually up to €/£50,000
Instant in most cases
Usually none (up to 2,5%)
Debit & Credit Cards
Credit and Debit Cards might be the first payment method most first-timers think about when considering registering with an online casino – and it remains the top banking option.
Almost everyone with a bank account has one or two cards due to their convenience and speed. Debit cards, of course, take money straight from your bank account, while credit cards simply lend you the money.
For this reason alone, you should think carefully before you start making payments at an online casino using your credit card. Still, if you tend to pay your credit card bills on time, you should be able to manage your casino spending fine.
UKGC Ban on credit cards
Following a review in 2019, the United Kingdom Gambling Commission made the decision to impose a ban, starting from April 2020, to prohibit the use of credit cards for online gambling and all online casinos in the UK are expected to comply.
If you are based in the UK, you are affected by this change. You can discover other alternative options on this page.
E-Wallets: The Most Convenient Option
E-Wallets are basically electronic wallets. In the eyes of many players, using e-wallets is a far faster and more convenient option because you can expect instant deposits and quick withdrawals, usually within 24 hours, if not between one and four.
While we have all heard of PayPal, other e-wallets like Skrill and Neteller have carved out a bigger niche in recent years.
Even in the most secure online casinos, you might find entering your card details somewhat uncomfortable, and e-wallets bypass this stage. Take a look at the options.
Cryptocurrencies: The future of digital transactions
As we develop new technologies to deal with money in safer and faster ways, new currencies emerge, and these are cryptocurrencies.
These novel ways of transferring money, buying goods and, more recently, topping up your casino account can be daunting at first but believe us; they can be quite handy once you get the grips of it.
These novel digital currencies are completely anonymous and recorded on a Blockchain ledger, which is basically a public ledger where all the users check and validate each other transactions in an automated way, free of human error and commonly known risks.
Whereby with standard fiat currencies, a bank or government body will record your cash transactions and have more control over your dealings.
These are the options trusted by players and consumers in general:
Bank / Wire Transfers and Cheques
For those people who are not so comfortable with the idea of electronic wallets, most casinos will still offer the option of bank wire transfers. Bank wire transfers are still a top choice for many fans of online casinos.
While e-wallets and debit/credit cards boast incredible security today, bank wire transfers are just more straightforward to some people. You have a wide range of different transfer options depending on your location.
You can usually expect the very highest security and simplicity with bank wire transfers, but there’s one key issue that puts some players off, the processing times.
Prepaid Vouchers – Get Them at Your Local Shop
Prepaid card systems are a simple way to make quick deposits. Entropay, Paysafecard, Neosurf, and Postepay allow you to add money to virtual prepaid cards and then spend online without entering your payment details.
Virtual cards or vouchers work exactly the same way as plastic credit and debit cards and have the same characteristics, a 16-digit card number and expiry date. The differences are that the physical cards are made of plastic, and the prepaid cards have to be funded with money in advance but do not have to be linked to a bank account.
It is converting physical cash into digital money.
Pay By Phone / SMS – A Rapid Growing Payment Method
Believe it or not, paying by phone is increasingly common and still very popular. More and more players add funds to their online casino accounts through their phone bills, especially in the UK, using a basic SMS message.
This might sound strange to some of us, especially if you haven’t paid for anything via SMS in a long time (though it’s a popular way to pay to charities today), but it’s one of the most convenient options available, to be honest.
This is true if you do most of your online gaming on your mobile phone; you don’t even have to log into your e-wallet of choice or reach for your Visa card.
You simply send a message or call the number provided, and the money will be added to your bill at the end of the month.
Making the Call
If you have reached that far, chances are you know a lot about the many payment options available for you. Read the individual guides for your favourite options and make a safe and sound decision. Your money, your rules.
Payment Methods FAQs
What is important when selecting a payment method?
In short, it is important to check if the payment method is available in your country and if it is regulated by financial authorities and of course, suits your needs.
Which are more safe & secure?
All payment methods here are deemed safe to be used and are well regulated by the financial authorities in their countries, on top of that, they employ several measures to make sure fraudulent activities do not happen.
What methods are faster?
Usually, e-Wallets can handle transactions in a matter of seconds, making them extremely fast and reliable due to the top-notch technology employed.
Should I choose an e-Wallet over debit or credit?
It depends on your personal preferences since both have their advantages and disadvantages. Cards are reliable and more popular, but e-Wallets can process transactions faster and usually with fewer fees.
Do I need to own a credit card?
Not necessarily, there are plenty of payment methods that can cater for players who do not own a credit/debit card or even a bank account. These are e-Wallets and vouchers.
What If I Encounter a Problem Depositing Money?
You should first make sure you have filled in the correct information when depositing and then contact the casino right after the payment method to identify the causes of the problem.
How are winnings generally paid?
Your winnings are paid through the same payment method you used to deposit unless you used a method that does not allow withdrawals, such as Pay By Phone options like Boku or Siru and vouchers like PaysafeCard.
Can I receive a casino bonus with every payment provider?
No, some casinos exclude certain payment methods. In many casinos, Skrill and Neteller users are not eligible to claim certain bonuses.
Can I deposit with one method and withdraw with another?
Yes, this usually happens when your depositing method does not accept withdrawals. You will be prompted to choose another available payment method that best suits you.
Are there limits on deposit and withdrawal amounts?
Yes, these limits are imposed by either the payment method and the casino, sometimes both. However, limits can be increased if requested and after some verification checks take place.