Online Casino Payment Options 2021 | Best Methods to Use

If you’re considering taking your chances in online gambling, then you probably have many questions in choosing the right casino which can ensure the best experience from the beginning till the end. It’s important to select a reliable online platform that offers security & privacy during the whole experience. Familiarize yourself with the steps you should take first before engaging in the game of your choice. 

The payment options of your chosen casino should be one of the essential things to understand since your experience starts with you making a deposit. Each platform offers a choice of payment which may vary depending on the country you’re from and what works there. Also, the payment method for the deposit may not be the same as the one for the withdrawal of winnings.

In this article, you will be able to get a solid grasp of different payment methods for online gambling, so you know how to choose the one that suits you best.

Credit/debit card

This is one of the most used methods since it is available worldwide, providing you a secure transaction. A few of those credit or debit card companies are Visa, MasterCard, and American Express. Betting platforms offer this option for depositing and withdrawal. However, this wasn’t the case before. 

Having a credit card didn’t mean you could make any gambling payment and use it for playing poker online, for instance. Even though that has changed, there will be fees higher than usual when you make a deposit. This also depends on the choice of the casino platform and their fees, and on which card you are using.

As previously mentioned, you need to make sure you can use the same card for withdrawing your winnings. Reading the terms & conditions of the casino comes in handy, so there are no difficulties in claiming your prize. 

It may take some time when it comes to your first withdrawal since it requires confirmation of your identity by using the documents you submit as proof. It’s something you should expect; otherwise, you may want to reconsider your casino choice.

E-wallet

PayPal, Neteller, and Skrill (former Moneybookers) are just a few which are accepted and used everywhere. It is a user-friendly digital card because you can connect several bank accounts to the same profile. If you are concerned about whether an online casino would accept your credit or debit card, then this is the right option for you. Consider connecting all of your accounts to an e-wallet, so you don’t concern yourself with whether an online casino accepts your bank card.

E-wallets are an efficient way to collect your winnings because the transaction is quick and does not require specific confirmation and identification. However, that doesn’t mean you should worry about the safety of your information and passwords. Two-step verification of their customers is a common concept for digital wallets.

If you’re a casino newbie and have just made your first deposit, you will most likely receive a bonus package as a welcoming gift. This can be easily transferred to your e-wallet. Of course, check out the terms and conditions of the casino of your choice in order to understand how to claim a casino bonus. 

There are the so-called ‘wagering requirements’ you have to meet before you can receive your bonus winnings. Also, you may find that some online casinos offer bonuses to their users by using specific e-wallet operators.

Cryptocurrency

So far, this is the least used method of online casino payment since it will take some time until more people jump on this digital currency wagon. However, this trend has already made a huge step in the casino world. One of the advantages of choosing a cryptocurrency in online gambling is complete privacy. Also, as its name implies, the transactions are encrypted and safe. 

Another benefit is how fast the transactions are made. With credit or debit cards, you may need several days until you can record a transaction, while with cryptocurrencies, you can see an immediate confirmation. Bitcoin, Litecoin, and Ethereum are just a few of the latest cryptocurrency payment methods for casino games.

Trustly is a Swedish payment provider founded in 2008. The company has become massively popular in the casino industry for their fast and secure payment method.

Trustly can be both used in normal online casinos and also pay n play casinos where players do not even need an account in order to get started.

No matter which casino or online game you end up with, the instant banking option enables you to make deposits and withdrawals in real-time. All you need is a bank account at one of the more than 3.000 banks cooperating with Trustly.

In light of the attractive payment limits, a growing number of Canadian online casinos are offering Trustly with the Swedish company continuing to expand more and more countries and markets.”

Takeaway

Take into account both pros and cons of online casino payment methods before you take action. Most importantly, ensure the security of your personal information during transactions. Inform yourself on what the casino platforms suggest as the best method because this may vary from one website to the other. Based on casino terms and your personal preference, choose a payment method that is easily accessible, safe, provides fast transactions, and possibly even some bonus benefits. 

Online casinos are quite flexible when it comes to making a deposit and withdrawing your winnings with no difficulties along the way, so you will certainly find the right one for your next casino card game or a round on an online slot.