The ability to quickly and comfortably move your money is a big factor when playing in online casinos. Fortunately, the operators offer plenty of different payment method nowadays. In this article, we will go through the most popular out there and discuss their advantages and disadvantages.
The e-wallets are among the best options out there. They work similarly to bank accounts for faster online payments. You can directly add your credit/debit cards, bank accounts or pick other ways to deposit and withdraw money.
One of the things that apply to all e-wallets is that you need to be careful with their currency exchange rates. Make sure to always transfer money in the same currency so you don’t lose a chunk of them. Also, there are taxes for withdrawals and deposits. The casinos cover them most of the time, but even if they don’t, they are usually around 1-2%.
Here are the best options on the market:
PayPal is certainly the most popular e-wallet available. You can easily move money around using it. There are plenty of ways to fund your PayPal account or withdraw cash. Most casinos offer it to players from the United Kingdom and most European countries, but some are restricted.
If you have it as an option, it is one of the quickest out there. The deposits are instant and often the withdrawals arrive in minutes. Even when that’s not the case, you should receive the money in a day or two. Another advantage of PayPal is that most bonuses are available to customers that deposited with this e-wallet.
The only possible downside is that some casinos do not accept withdrawals with PayPal. We recommend you to check if that’s the case before depositing. However, that’s rather rare and most of the operators do send money with PayPal.
Formerly known as Moneybookers, Skrill is a widely popular e-wallet when it comes to online gambling. It’s accepted in almost any casino out there for both deposits and withdrawals. Similarly to PayPal, you can easily add or withdraw funds to and from Skrill in many different ways.
The biggest advantage of this e-wallet is the speed of the payments. Deposits are instant and withdrawals often arrive on the spot as well. The worst-case scenario is to wait a day or two. Forget about waiting a week or so to get your money. It’s also as safe as it gets and your data is protected with the latest technology available.
The issue with Skrill is that some casinos won’t give you a deposit bonus if you use it to fund your account. If you’re planning to take advantage of a certain operator’s welcome package, make sure that Skrill is not excluded.
Neteller is another popular e-wallet that has a long tradition in online gambling. Almost any casino out there accepts it for both deposits and withdrawals. It is available in most countries in Europe.
As other e-wallets, speed is probably the biggest advantage of Neteller. Your money will reach your casino account instantly and withdrawals are processed within a day or two.
Again, some bookies restrict Neteller when it comes to deposits bonus. In order to avoid that, check the terms and conditions of each offer before funding your account with this payment method.
Other Payment Methods
If you don’t want to use e-wallets, there are other viable options to move money around. Here are those we believe are the best:
Credit and Debit Cards
The good old credit and debit cards, most notably VISA and MasterCard are accepted in pretty much any casino site out there. The deposits are instant, but the withdrawals usually take at least a couple of business days.
Unlike e-wallets, credit and debit cards are accepted for all bonuses and promotions. Another advantage is the negligible fees. Beside VISA and MasterCard, other options include American Express, Switch, Laser.
If you want privacy, you can try one of the many prepaid card options out there. EntroPay and PaySafeCard are the most popular. Plenty of casinos out there accept them and you can fund one in many different ways.
The good news is that prepaid cards can often be used for withdrawals as well. The waiting time is similar to regular credit and debit cards. This means you get your funds in a couple of working days.
Most casinos don’t restrict deposits with prepaid cards when it comes to the bonuses they offer. Still, it happens sometimes which is why it is recommended to read the terms and conditions first.
Wire transfers are widely supported and most online casinos offer them as a part of its Cashier section. It’s hard to evaluate wire transfers as the conditions vary greatly depending on your country. However, they are a viable solution in many European countries.
One of the advantages is that your money and data are well-protected. Also, in most countries, the fees are low if any whatsoever. Most bookmakers will allow you to withdraw your money to the same bank account you used to deposit. The waiting time once again depends on your country, but the average is about 3-5 working days.
When it comes to bonuses and promotions, wire transfers are never excluded from the accepted payment methods.
Bitcoin is a cryptocurrency that has become a thing in the past couple of years. It has many advantages over traditional deposit methods. The fees are low, the payments are instant and you can stay completely anonymous.
However, most traditional casinos don’t offer Bitcoin as part of their portfolio. If you are a fan of the cryptocurrency, you might have to look for one of the many Bitcoin-dedicated operators out there. Unfortunately, their service is not yet at the same level as renowned online casinos. The overall quality of the games is a bit off, some of them might be a bit risky and you should be extra careful if you decide to try them.
What casino has the better method payment offer?
For this ranking, we listed all well-recognised methods, that’s why we excluded casinos accepting Bitcoins. Finally, Bet365 Casino appears both as the richest in terms of deposit methods offers and the safest in terms of deposit securitisation.