While there are several factors that come into play when you choose the right online casino for you, we believe it’s safe to say that “payment methods offered” comes close to the very top of player criteria. On this page, we look at all the various payment methods online casinos use, their pros and cons and help you decide which online casinos offer the best in terms of money deposits and withdrawals.
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Top Online Casinos and Their Payment Methods
Most top drawer online casinos provide their players with a high standard and wide variety of payment methods. Still let’s look at some popular online casinos and what kind of payment methods they offer.
William Hill Casino: The prestigious bookmaker’s online casino is one of Playtech’s big power hitters. Currently, they offer payments via bank transfers, credit cards, e-wallets, Western Union and several dozen country specific payment methods which enable players to use local payment services for online payments.
Unibet Casino: A very popular online casino with games produced and developed by the likes of NetEnt and Microgaming, Unibet offers as somewhat smaller pool of payment processing methods which include bank transfers, major credit cards, Skrill, Neteller, Paysafe Card and Ukash.
32Red Casino: Easily one of the most trusted online casino sites, 32Red Casino offers the use of the ever-popular PayPal and EcoPayz e-wallets on top of the other more run-of-the-mill payment methods.
All Slots Casino: While it doesn’t really provide all the slots that exist, All Slots Casino does provide a larger number of games than you would normally expect to see in an online casino, along with over a dozen deposit methods, which include EcoPayz, Firepay, Ukash and POLi along with all the common payment methods like credit cards and Neteller.
Royal Vegas Casino: Royal Vegas Casino has been around for almost two decades. Their endurance on the online casino scene has enabled them to make partnerships with a whole host of payment processors and their deposit methods list is highly likely to be the longest one in the industry. If there is a payment methods you prefer to use, the chances are you will find it at Royal Vegas Casino.
888 Casino: Possibly the most well-known brand in the online casino industry, 888 offers a unique player experience. Players who wish to enjoy it will be able to use payment methods such as wire transfers, popular e-wallets and plenty of other less common payment processors like POLi, Moneta, Abaqoos and Boleto.
What Payment Method to Choose
As already mentioned, there are quite a few ways you can get your money into your online casino account. However, not all the methods provide the same degree of safety, security or speed when it comes to processing.
Probably the simplest way for most people to deposit money into their online casinos accounts is directly from debit or credit cards. However, using credit cards online is not without risk. In the vast majority of cases everything will be fine and the online casinos use special security measures to ensure the safety of your banking details on their end but there is a possibility of it being compromised by hackers directly on your device. Exposing your details online leaves you open to a cyber-attack. Always remember to log out as soon as the payment is processed or close that page.
Those who prefer to add an extra layer of safety usually use e-wallets to do so. Popular e-wallets like Skrill, Neteller and PayPal have been around for years and have served the players with a high degree of reliability. For this reason, they are probably your best bet to ensure protection against external intrusion. While payment processors do charge some fees in some cases, the extra layer of safety between your credit card and the online casino can come in very handy.
More recently, payment processors such as Ukash and POLi have allowed players to make deposits directly from their bank accounts held in very specific locales, namely the UK and Australia.
Finally, if all other methods don’t really suite your personal preferences, prepaid cards such as the Paysafe card ensure that your banking date is never shared anywhere on the internet. You can buy prepaid cards for cash in local stores and use the numbers on them to make deposits at most online casinos.
Payout Speed: How Fast to Expect Your Money
Not all the payment methods you can use to make deposits can be used to make a withdrawal. For instance, MasterCard credit cards and prepaid cards.
Normally players will use a Visa card, a bank transfer or an e-wallet to make their cash outs. The fastest cash out methods with most online casinos are the e-wallets and withdrawals into the likes of Skrill or Neteller usually take less than 24 hours.
If you are cashing money out into your Visa, you can expect to wait between 24 and 48 hours, while bank withdrawals can often take up to 5 business days to fully process. Of course, all of this is the time you will wait after the pending period which some casinos have to comply with the regulation set by their regulatory bodies. In most online casinos, your money will not be held as pending longer than 24 hours after you request a cash out.
Best Online Banking Methods
So, with so many online banking methods out there, which ones are the best to use and why? Read on to see how you can decide what works for you.
Visa Cards: Visa and Visa Electron credit and debit cards allow both deposits and withdrawals from online casinos and are supported by nearly every gaming operator out there. Visa deposits are instant and free, while cash outs usually take no longer than 24 hours. For most players, direct Visa deposits are the best and fastest deposit method.
Skrill/Neteller: For years, these two payment processors have been at the top of the industry and now that they have merged, they represent the single best choice for online casino players who prefer to use a payment processor. Skrill and Neteller deposits are safe and fast and cash outs into these two are done faster than any other payment method available.
Wire Transfer: Wire transfers are usually used by the players who wish to make very large deposits. Most online casinos set a limit to how much you can deposit with other deposit methods so wire transfer is your best bet for large deposits. Wire transfers are 100% safe but they can take up to a week to process each way which can be somewhat annoying when you want to play right away.
Payment Method Bonuses
Deposit method bonuses are special bonuses that add funds on top of the regular welcome bonuses for depositing through the casinos preferred payment method. The preferred methods usually include Skrill or Neteller and players using this method to make a deposit gain an extra 15 to 20% in bonus cash to play with.
If you are looking to get the absolute most out of your online casino play, always remember to check if your online casino is offering any payment method bonuses and consider using that payment methods to increase your bonus size.
Conclusion: Choosing Your Payment Method
Lucky you, as 2017 gains speed, more and more payment methods become available to online players. In most cases, all payment methods will serve you well if you are playing with reputable online casinos, so you should not worry too much.
Still, if you are looking for that extra bit of speed and safety for low to medium level deposits, MoneySlots recommends online payment processors such as Skrill and Neteller – they make payments fast, safe and keep your deposit at your disposal.
*T&C’s apply to the offer below, 18+ new customer offer, begambleaware.org, click “Play Now” for more details.