Online casino payments have come a long way as online banking methods have matured and new ones have entered the marketplace.
Making a deposit or withdrawal at an online casino or other gambling site has become easier, safer and cheaper for most people around the world.
Online Casino Banking Methods
A couple of years ago, making a deposit at online casinos became somewhat problematic because of banks clamping down on gambling transactions. As a result, a host of online casino payment processing options were launched, giving players amazing choice in depositing funds and withdrawing winnings from their online casino accounts.
How To Choose Your Payment Method
There are a number of key factors to consider when choosing an online casino payment method. The first, and one that is becoming and increasingly important factor, is your location. Localised payment methods have sprung up by the dozen over the last few years. These are predominantly payment facilitators that allow for instant bank transfers, and prepaid cards which can be purchased at local retail outlets. These methods are prevalent in Canada, the United Kingdom, and most European countries.
Another factor to weigh up is cost. e-Wallets are not cheap, often charging up to a 1% transaction fee and even as high as 1.5% however, the added security and other incentives often outweigh this cost. Wallets like Neteller run incentive programs that reduce your transaction fees.
Although many players still prefer to use a credit card, alternate payment methods have become much more popular. Most of these methods use an electronic wallet facility. The wallet can typically be funded using a credit card or even a US, UK or European bank account. The online casino integrates directly with the wallet facility, making it very easy to move money into and out of the player’s casino account. The most well known example is Neteller, which has become a preferred casino payment methods for most online casinos.
As a final note, some online casino also offer ACH as a withdrawal method, which allows for winning to be directly transferred to your bank account.
Special Payment Method Bonuses
Most casinos will offer incentives to use the alternate payment methods in the form of a percentage match bonus if you use that method. This typically comes in the form of a match bonus and the most common methods that qualify for these bonuses are e-Wallets like Neteller and Click2Pay.
Online Casino Payment Methods
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| Abaqoos Casinos Abaqoos is an instant banking method available to consumers in Hungary. | Amex Casinos American Express online casinos offering secure credit and debit card deposits using one of the world’s most popular cards. | Click2Pay Casinos Click2Pay has for many years been one of the most popular electronic wallets for online casino players. | ClickAndBuy Casinos ClickandBuy offers secure credit and debit card transactions at over 14,000 online merchants. |
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| Credit Card Casinos Many online casinos offer secure credit card transactions including Mastercard, Visa and Diners Club. | eCheck Casinos eCheck facilitates instant electronic check transfers and accepts US account holders. | EcoCard Casinos Ecocard operates like an online debit card that can be funded in various ways including credit cards and online bank transfers. | EntroPay Casinos Entropay is a virtual Visa card and can be used to fund online casino accounts. |
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| Envoy Casinos Envoy facilitates instant banking transfers and integrates with various European banks. | Giropay Casinos Giropay is an online banking system in Germany that allows instant banking transfers to merchants. | iDEAL Casinos Safe, instant bank transfers for residents of the Netherlands. | InstaDebit Casinos Instadebit allows instant bank transfers to online casinos for Canadian residents. |
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| MasterCard Casinos Mastercard credit cards can used used at online casinos, but only to make deposits. | Moneybookers Casinos Moneybookers is one of the oldest online payment wallets and still one of the most popular. | MoneyLineWallet Casinos A handful of online casinos and sportsbooks support Moneylinewallet as a banking method. | MST Prepaid Card Casinos USA residents can fund online casino accounts using MST Prepaid Gift Cards. |
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| MyPayLinQ Casinos A limited number of online casinos accept MyPayLinQ deposits from US residents. | Neteller Casinos Neteller has been the leading online casino e-Wallet solution for many years. | PayPal Casinos Paypal allows online gambling transactions to be processed for UK residents only. | Paysafecard Casinos Paysafecard works like a digital pre-paid card and is accepted at most online casinos. |
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| POLi Casinos A safe and secure electronic transfer methods for Australian residents. | Sofortüberweisung Casinos Sofortüberweisung is Germany’s number one instant banking transfer method. | Ticket Premium Casinos An anonymous prepaid gift card method supported at many online casinos. | Ukash Casinos One of the biggest prepaid card solutions in the world which can be used at online casinos. |
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| UseMyBank Casinos UseMyBank / UseMyFunds facilitates instant bank transfers to funds online casino accounts. | Visa Casinos Making a Visa purchase at online casinos is completely safe. | Wire Transfer Casinos Many online casinos will allow players to transfer money directly into their bank account. |
