Popular Banking Options for Making Casino Deposits
In short, the best online casinos always partner with reputable payment providers to facilitate safe deposits and withdrawals. They allow players to deposit funds using credit and debit cards, prepaid cards, virtual visa cards, e-wallets, bank transfers, cryptocurrencies, and even pay by phone banking options.
You’ll notice that many casino operators use the same payment methods you use to make purchases online or send money to your friends. That means you can get started right away if you are using any of the leading payment systems. And the choice of a payment provider will depend on your preferences. Speaking of that, let’s see what the best casino deposit methods are all about.
Electronic Wallets (E-Wallets)
Online casino sites are accepting all kinds of e-wallets for real money gambling for many good reasons. Simply put, an e-wallet is an online payment system that allows you to store and spend money. Casino players can use them to transfer money to their casino accounts as well as for casino withdrawals. And it’s possible to link your e-wallet account to multiple bank accounts, debit cards, or credit cards.
The best thing about online banking with an e-wallet is that it’s a fast, secure, and convenient option. Moreover, signing up for an e-wallet account is easy, and deposit transactions are usually free. Also, many casinos accept leading e-wallets like PayPal, Skrill, and Neteller.
Credit Cards and Debit Cards
A credit card allows players to play real money casino games even without having funds in their bank account. In other words, the deposit amount can be obtained on credit and paid out later. On the other hand, a debit card lets you deposit money to your casino online account if you already have the money.
Therefore, whether you are using a Visa card or MasterCard, you can expect the payment process to be smooth, fast, and secure.
Prepaid Cards and Vouchers
Even though prepaid cards serve the same purpose as any other bank card, there’s a significant difference. With a debit card or credit card, users derive funds from their primary, local bank account. But that’s not necessary when using a prepaid card. Therefore, prepaid cards are the perfect choice if your bank does not want you to use bank cards for online gambling.
As we enjoy these benefits while playing casino games, we shortlist many online casinos accepting prepaid vouchers as payment options, such as Paysafecard and Neosurf.
While using these, players are required to purchase a voucher online or from local stores with the PIN code they need to make a payment. The only challenge is that prepaid vouchers are usually suitable for casino deposits only.
Cryptocurrency – Anonymous and Transparent Casino Deposit Methods
Cryptocurrencies rely on the blockchain and cutting-edge cryptography to provide instant, safe, transparent, and anonymous transactions over the internet. If you don’t want your bank accounts to be involved in your casino play, crypto payments are the best choice. And keeping this on sight, most casino operators switch to cryptocurrencies for simpler deposits and withdrawals.
The vast majority of casino sites that accept cryptocurrencies let you deposit money using well-known options like Bitcoin, Litecoin, Ethereum, Dogecoin, and Ripple. To use any of these options, you have to obtain funds from a crypto exchange and store funds in a wallet.
However, we always say that the best option is a hybrid casino that allows you to use cryptos on top of fiat currency. There, you can use any payment method you want.
Pay by Phone Bill
Online casinos are aware that most players play using mobile phones and tablets. Thus, they not only offer gaming on mobile but also allow gamers to use a payment processor that supports phone bill payments.
Transferring money to an online gaming account using the pay by phone option is easy because you only need a few things like a registered phone number to get started. So far, Boku and Payforit are the most popular pay by phone bill options.
Bank Wire Payment Options
If you have an existing bank account, you can also use it to store money and fund your online gambling account. Those who don’t have one only need to visit the nearest bank. With your bank account, you can deposit money to your casino account using bank wire transfers and e-checks.
The biggest problem with direct bank transfer options is that you often have to share your bank details, and bank transfers are not as fast as other payment options. For the best depositing experience, you should choose banks with an online banking system that offers instant deposits. Nevertheless, bear in mind that your bank can deduct a percentage from your transfer in such cases.
Procedure for Using Casino Deposit Methods
Depositing money to online casino accounts is among the first steps you have to make as a player. Each online gambling platform has its own deposit procedure, but the process includes the same general step. In short, you have to follow these four steps for funding your casino account.
e-wallets / bank cards / crypto wallets:
Sign Up for an Online Casino Account
Although there are no-account casinos, most online casinos want you to sign up for an account with your name, address, phone, and so on.
Log in and Choose Your Payment Method
Go to the ‘Cashier’ section of the casino in question and choose from the available deposit methods.
Enter the Amount You Wish to Deposit
Now, input the amount of money you would like to play with and follow the necessary steps to authorize the transaction.
Claim the Casino Deposit Bonus and Play
With a reliable deposit method, your funds should be immediately available so you can use them to claim the welcome offer and play.
Deposit Speeds and Limits Always Matter
No one wants to deposit funds to an online casino account only to waste time waiting for the deposited amount to reflect. Before using any casino deposit method, try to find out how long it will take for the money to become available for gambling.
The good news is, with popular casino payment methods like e-wallets, bank cards, instant bank transfers, and cryptocurrencies, the best online casinos can facilitate instant casino deposits. Thus, there’s really nothing to worry about in most cases.
Besides, there is Trustly, which helps you to pass through the KYC protocols and fund your account immediately.
Apart from the transaction speeds, you should also pay attention to the deposit limits allowed by the chosen gambling site. If you are a high roller, for instance, you want to join a casino that permits huge deposits. And if you are a low roller, you want the minimum deposit to be something you can afford.
Remember to Verify Your Account for a Seamless Payment Experience
Verification is a key process when playing casino games for real money, and more importantly, withdrawing the winnings. Reliable online casinos make sure that you are the person you claim to be by asking you to verify your online casino account details. Most of them require you to provide your government-issued ID, passport, driver’s license, or a recent utility bill.
The casino may not ask for these details when depositing, but you are most likely to be asked to provide them when withdrawing money using the same deposit method. Therefore, it’s always good to get verified as fast as you can to avoid undesirable inconveniences.
Choose a Payment Method that Qualifies for Casino Deposit Bonuses
Almost every online casino site welcomes you with some form of deposit bonus upon depositing funds for the first time. The most popular offer is a match deposit bonus featuring bonus funds with or without free spins.
Usually, you have to deposit a certain amount of money commonly known as the min deposit. But you must be aware that not every deposit method qualifies for casino deposit bonuses. Sometimes you have to deposit using a specified banking option to enjoy the casino’s offers, so make sure to check before taking a step forward.
When you join top-rated online casinos, you shouldn’t have trouble depositing money. Whether you enjoy credit card payments, debit card deposits, or crypto payments, there’s always a casino that is offering the banking option you fancy using. You can try out the casino deposit methods we discussed here and even enjoy some amazing deposit bonuses by joining the casinos we have recommended.
Which deposit methods can I use at online casinos?
Most online casinos allow their players to use a wide range of payment methods. From e-wallets like Neteller and Skrill to Visa and Mastercard, and innovative solutions like Trustly, you can take advantage of a number of options.
Are Cryptocurrencies Safe for Online Gambling?
Yes, cryptocurrencies are among the safest casino payment options with the highest level of anonymity and transparency.
Which Casino Banking Methods are Good for Swift Deposits?
With a payment method like a debit card, credit card, e-wallet, cryptocurrency, or pay by phone bill, you should be able to fund your casino account instantly.