A Complete Guide to Online Casino Payment Methods (2022)
We live in an era when internet gambling is becoming increasingly more popular than its real life counterpart. The days of going to a physical casino to play your favorite slot machines or table games are long gone. With the advent of internet gambling platforms, everyone may now partake in their favorite casino games whenever and whenever they choose. The wide range of online casino payments options that users may utilize have made this betting option more available for people across the globe. Just choose a method that best matches your needs and start playing! Huge winnings are just around the corner!
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Credit and debit cards
When playing online you have to make sure that you’re using the method that is most natural to you and that you feel safe using. One of the most widespread ways of online payment are definitely credit and debit cards. Many people, especially Europeans and Americans, love using their cards for online transactions. You will be delighted to know that there are online betting services that gladly accept Visa, Maestro and MasterCards. Since almost everyone in the world has a card, this is one of the most accessible ways of paying. However, there’s only one disadvantage. Since unfortunately there are many online casino scams, some banks are wary of processing transactions for online betting. So, after checking the reliability of your casino of choice, make sure that your bank doesn’t block casino transitions.
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iDEAL payment option
If you’re a Dutchie, you probably know what iDEAL is. This is one of the easiest payment options to use if you have access to it. Available since 2005, it has become the favorite method of payment among the Dutch. Depositing your money through the online casino iDeal method is a fast and transparent way to make a transaction. What is also amazing about this payment method is that there are no fees when you use it! If you’re residing in Germany, you will be happy to know that there’s a similar method to iDEAL available to you called Giropay.
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E-wallets
E-wallets such as PayPal, Apple Wallet and Skrill are one of the most convenient ways to deposit money online. They are very simple to use, and extremely accessible. Anyone who owns a credit or debit card can make use of any e-wallet available in their country. Currently, PayPal is the leading e-wallet platform and it’s available in most countries in the world. However, there’s one downside to this payment method. Most, if not all, e-wallets charge the transactions you make and most of the time it’s not a fixed rate but a percentage. So, the more money you win, the larger your fee will be when depositing the money.
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Cryptocurrencies
By some accounts, crypto could become a leading payment method for online transactions in the future. Because of its secure blockchain technology, every transaction is transparent and safe. This is why a rising number of online casino platforms are starting to accept cryptocurrency as a main payment method. The speed of the transaction depends on the crypto wallet you’re using and of course on the casino you’re playing at. Though Bitcoin is definitely the most popular cryptocurrency, it’s not the only option, there are also other ones including Litecoin, Ethereum and Monero. No matter your choice, crypto is one of the better ways to deposit money for online gambling purposes.
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Bank transfers
If you live in a country where other online payment methods are not as accessible, direct bank transfers may be your best bet, pun not intended. Though this option is very secure for both parties, it has one major downside. Since the transaction has to go through strict KYC (Know Your Customer) procedure, you may have to wait multiple days for the translation to finalize. You will also be subject to fees which vary on the bank of your choice.
- Payton O'Brien, Gambling911.com Senior Editor
