The information compiled in this article will assist you to overcome any setback that might arise during your casino payments. Go ahead and use the information provided and enjoy the better, faster and safer casino payment methods henceforth.
Casinos with safe payment methods
What does a payment provider do?
To successfully carry out an online transaction, customers must utilise a payment provider. A payment provider acts as an intermediary between merchants and customers. This established link enables merchants to easily accept payments made with credit and debit cards from customers. Payment providers basically help to process transactions from one end to another; They bring all finance-related parties together to simplify payment activities for everyone. With reliable payment service providers, complications and unnecessary delays are erased from all payments. Payment providers are, without a doubt, the bedrock of modern commerce.
Most used casino payment methods in the world
There are loads of payment providers that players can use to fund their casino account, as well as withdraw their winnings. These providers help to facilitate deposits and withdrawals on an online casino account. Listed below are some of the most used payment providers in the casino world:
PayPal
Established in 1998, PayPal ranks as the topmost choice for online casino payments and other internet transactions. This is due to the level of security and protection it offers to consumers. PayPal allows its users to make payments without revealing their credit card numbers.
Neteller
Operational in over 200 countries, Neteller makes it possible for consumers to make cash deposits into their casino accounts, make purchases online and also receive payments and send money to other Neteller customers.
Skrill
Skrill is an excellent online payment method with global reach and affordable fees. Formerly known as Moneybookers, Skrillis a fast and secure way to deposit and withdraw from casinos. Skrill is supported in Austria, Belgium, Cyprus, Estonia, Finland, France, Germany and many more.
Paysafecard
Paysafecard can be used for online casino withdrawals and deposits, as well as other internet transactions. This product and service do not require your personal and banking information. Also, no credit card information is associated with its use.
Ecopayz
EcoPayz facilitates online casino payments in most markets. This renowned payment provider affords users the freedom to make deposits and withdrawals at their favourite online casino whenever they want to. Ecopayz is currently available to players in Bahrain, Canada, Denmark, France, Germany, and many more.
Zimpler
Zimpler, formerly known as Pugglepay, provides a safe mobile payment solution that allows online gamblers to easily fund and withdraw from their casino accounts. In the same manner, non-gamers can use the product to shop online.
Sofort
Sofortuberweisung allows casino enthusiasts residing in Belgium, the Netherlands, Austria and Germany to make online payments from their bank accounts in real-time. Sofort is TÜV-certified and totally secure. The online payment system takes care of millions of transactions every month.
Deposit by phone bill
Depositing by phone bill is an innovative way to deposit money into your online casino account through your phone. Players are not required to supply their credit card details. With just your phone bill, you can send funds into your casino account and it will be credited instantly.
Boku
Boku is a payment solution that is secure and efficient. It allows customers to charge their online transactions to their mobile number. Every online transaction made must be confirmed on the mobile device of the consumer before it can be completed. Boku can be used in Argentina, Peru, Turkey, Spain, Brazil and many more.
Finding the right way to deposit and making a deposit
Am I limited to a single currency when playing at online casinos?
Aside from the entertainment that comes with online gambling, most punters also play online casino games in order to win money. This makes casino currencies a very serious topic to discuss. Majority of online casinos support more than one currency, allowing players in other parts of the world to be able to deposit and withdraw in their local currency. However, online casinos can’t support all the currencies in supported countries. That’s why players are allowed to easily convert their money to any of the supported currencies in order to carry out transactions.
Single Currency Casino
Single Currency Casinos only support one type of currency. These types of casinos are predominant in the USA, where only the USD is accepted as the currency for every transaction. However, you may decide to play with another currency, but your profit might be minimal due to the conversion fees that will be deducted. These casinos are best suited for players living in the United States.
Multiple Currency Casino
These casinos are known for accepting more than one currency. Their doors are open to players from all over the world. Players from selected countries are allowed to deposit and withdraw cash in their local currencies with zero or little transaction fees. Most top online casinos in Canada and the UK offer multiple currency options to their customers.
Digital Currency Casino
Cryptocurrency has continued to gain recognition in the gambling industry. Currently, there are various online casinos that allow players to deposit and withdraw digital currencies on their platform. Unlike regular online casinos, digital currency casinos process transactions for all players, irrespective of their location, and it is entirely free from conversion fees.
What is the best way to withdraw winnings from an online casino?
If you have gotten to this stage in your gambling adventure, then it means that you have accrued some nice winnings. The next step is to get those winnings out of the online casino into your account. To do this, you need to consider the best route to transfer your funds into your account. While there are many payment methods available, not all of them process payouts immediately. For example, withdrawals via bank transfer can take as much as one week to get processed. If you need the cash urgently, choosing bank transfers can be a bad idea. So what’s the way to go about it? Listed below are some major methods to consider when withdrawing your winnings:
Cryptocurrencies
Topping the list is Cryptocurrency. Withdrawals via cryptocurrency is unarguable the fastest way to transfer winnings from your online casino account. This route of withdrawal is highly secure and reliable. Cryptocurrencies can be accessed from anywhere in the world. You don't need any specialised skills to use them and this has endeared them to punters.
E-Wallet Payouts
E-wallets, sometimes referred to as digital wallets, are online electronic wallets that allow players to save money, which can be used to fund their casino account. This payment option has become quite popular among players and due to its ease of use, both online casinos and players are regularly using e-wallets as a payment option.
Credit and Debit Cards
Credit and debit cards are convenient ways to fund your casino account, as well as withdraw earnings from it. MasterCard and Visa, are the most common card payment methods at online casinos. There is hardly any online casino that does not offer credit and debit cards as a payment option. This is due to their reputation as the safest means of making deposits and withdrawals at online casinos.
Bank Transfers and Check Payments
Bank transfers and check payments are the oldest ways to deposit and withdraw money from an online casino. To some people, Bank transfers are seen as a safe and secure withdrawal method due to the number of years they have served the gambling industry. However, they are also known to take a longer period of time to complete a transfer. If you don’t mind waiting a couple of days or weeks before receiving your winnings, then you can choose Bank transfer as your preferred withdrawal method.
Use a payment provider that is easy, flexible and trustworthy
For your experience at an online casino to be all-round perfect, ensure you select one of the best payment providers in the business. TheGambleDoctor has made a list of the best payment methods currently available, therefore, go for the one that satisfies your needs and preferences the most. Before making the list of reliable payment methods on online casinos, TheGambleDoctor considered their payout speed, commission fees, flexibility, and ease of use. Most online casinos only allow players to withdraw their funds using the same method they deposited cash. So, endeavour to make your research and get your selection right from the start. Browse our list of casinos today and start withdrawing winnings without hassle!
FAQ: Frequently asked questions about Casino payments & Banking
In the absence of cryptocurrencies, eWallets work fastest. Cryptocurrency is still young in the gaming industry and its adoption is not yet widespread. But on the other hand, eWallets have been accepted by both online casinos and players. They provide instant use at online casinos and provide speedy payments. Players who use eWallets for their withdrawals usually receive their funds in a couple of hours.
When selecting a payment provider for your preferred online casino, you should go for casino payment methods that are secure, trusted and reliable. You should ensure that the payment provider is approved by a higher authority and has stood the test of time. The payment method should also be able to process funds within a few hours.
Sadly, No. Not all payment providers are safe. However, all the payment providers that you will find on our page are secure and reliable. These payment methods employ various ingenious strategies to guarantee the security of funds. For instance, Paysafecard makes use of a 16 digit security keychain to keep players’ funds safe. Credit card companies are not left out either. They also have an insurance and fraud prevention system in place. So if you plan on choosing a secure payment provider, browse through our list and make a selection.
Yes, but it depends on the payment method you chose. Some online casino payment methods have the ability to send your winnings within the day, in fact, in few hours, while others can take as much as 7 working days to come through. If you want your winnings to be credited into your account today, then select eWallets as your preferred banking choice. They offer very fast and secure payouts.
Yes, this is possible. Most online casinos have this stated in their terms and conditions. Players who were lucky enough to win large sums of money may not be allowed to withdraw the entire amount at once. Taking out your entire winnings may cripple their operation. That's why most casinos have imposed a withdrawal limit that allows players to withdraw their earnings in bits. Refer to the terms and conditions of the casino to know the exact maximum amount you can withdraw at once.
No. Most of the best online casinos offer millions of dollars as their jackpot prize. So players have the freedom to claim as much cash prizes as they can. However, this freedom does not apply everywhere, especially when playing with bonuses. A win limit is usually placed on casino bonuses. Some generous casinos may allow players to win up to $100 with the use of bonuses. But withdrawing such winnings is another ball game entirely because the player must satisfy certain wagering requirements before they can get their hands on the money.
In most cases, you won't have to pay deposit fees. But this will depend on the payment method, as well as the online casino you selected. If you are playing at a single currency casino from a foreign country, chances are that you will pay deposit fees. If you try to make deposits into the casino, conversion fees will apply and it will be deducted from your money. But if you choose to gamble at a multiple currency casino, you’re less likely to pay deposit fees, and even if it exists, the fee will be negligible.
