One of the most daunting tasks for online casino first-timers is choosing a payment method to deposit money into their accounts with. Online casino beginners are often wondering what options are available to them, are they safe enough, and how do different banking solutions work.
Fortunately, depositing at an online casino is no different than purchasing an item or a service from an online merchant. While deposit methods vary depending on where you live and what casino you are gambling at, there are solutions for most players to top up their gambling balance in a secure, time-efficient, and convenient fashion. Below, we will review five of the most popular banking options for online casino deposits listed in casinogamespro.com/online-casino-deposit-methods.
Visa and Mastercard
Credit/debit cards are easily the most popular payment method on a global scale, so it is only natural they are accepted at a huge number of online casinos as well. Two of the most widespread brands that dominate the cashiers of gambling operators are Visa and Mastercard but many casinos would also accept payments via American Express and Diners Club International.
Card payments are carried out instantly and usually do not involve additional processing fees on behalf of casino operators. A common procedure card depositors must go through is identity and payment verification for security reasons. The player is normally expected to provide copies of the card (both sides), an identification document, and a utility bill as a proof of address.
Depositing via credit/debit cards is not a viable option for players from certain jurisdictions, like the USA, since there is a good chance their transactions will not go through due to legal restrictions.
Skrill, previously called Moneybookers, is a widespread e-wallet service that enables you to top up your casino balance without sharing any of your personal or financial information. When registering a Skrill account, you have a choice from 40 currencies, which is only understandable considering the method is available in over 200 countries.
You can load money into your e-wallet by linking it to your card but if you do not have one, bank transfers are also an option. The popular payment solution has become a player favorite since it can be used both for deposits and withdrawals. Withdrawals via Skrill are among the quickest ways to cash out from an online casino – in many cases, the funds are available in your Skrill balance shortly after the casino has approved the withdrawal.
Online Banking Processors
There is a huge number of third-party online banking processors that assume the role of gateways between the banks of casinos and their players. Players are redirected to the online banking platforms of their banks so that the details concerning the money transfers remain secure between the player and bank.
There are numerous payment processors you can use as long as you have an online banking account at a supported financial institution. However, these processors are region-specific in their scope. For example, the payment processor InstaDebit can be used by Canadian players, Nordea is suitable for gamblers from Scandinavia, only Aussies can deposit via POLi, and iDEAL is a viable option for casino fans based in the Netherlands. Bear in mind most of these options do not support casino withdrawals.
Paysafecard is a big player when it comes to prepaid casino deposit solutions. The brand offers vouchers of different denominations in over 55 countries and supports all their local currencies, sparing casino players from wasting extra money on currency conversion.
The method enables you to process instant deposits to your casino account by providing nothing else but your voucher’s 16-digit code. This gives you the very valuable opportunity to keep your gambling expenses in check while preserving your full anonymity during payments. Unfortunately, Paysafecard cannot be used for cashing out your online casino winnings.
Mobile Billing Payments
Mobile billing payments are growing in popularity among casino players who wager casually and for smaller amounts of money. There are two possible variants when depositing via mobile billing – the funds are either deducted from your available mobile phone balance if you are not on a contract with a carrier or are added to your monthly mobile bill.
This is a suitable alternative for you if the security and privacy of your casino payments are of a paramount importance since there is no need to hand out any of your sensitive information during transfers. Two of the best methods based on mobile billing we recommend are Boku and Payforit.