Is casino payments a cause of worry for you? Worry not, friend! TheGambleDoctor has created an in-depth guide that will assist you when making deposits and withdrawals on an online casino. You might have faced financial setbacks in the past due to the payment methods you chose but there’s good news; a solution is finally here! The information that will be provided below is for your use. Follow them to ensure your safety and security when conducting money transactions at an online casino. Read more
Safe online casinos 2024
What is a payment provider?
A payment provider is a company or organisation that makes electronic payments on the behalf of their customers, either through credit and debit cards, e-wallets, or real-time bank transfers. In order to play games for real money on an online casino, you’ll need a payment provider. Every player should have at least one credible payment provider for their gambling activities. Here is why:
- Your entire withdrawal and deposit transactions will be recorded and kept safe for reference purposes
- You can top up your casino account with an eWallet or a separate fund
- It beefs up protection for mobile casinos, especially if you don’t trust the security level of your WiFi
Most popular online payment methods for online casino
Before you can begin spinning those slot reels or attempting to hit 21 in the game of Blackjack, you’ll need to fund your online casino account first. To do this, you have to choose a payment method you’re comfortable with. Some of the available options include:
If you desire a payment method that is fast, efficient and charges nothing for money transfers, then PayPal is the perfect choice for you. PayPal allows you to own a standard virtual money account and eliminates financial delays or setbacks during gambling. To get the most when using PayPal as a preferred banking option, ensure that you stick to only online casinos in your country or state of residence. This will prevent currency conversion fees from applying to you.
Neteller is widely known by punters around the world. Neteller is a payment method known for its swift payout, secure platform and VIP system, which has five levels namely, bronze, silver, gold, platinum, and diamond. Those who frequently play blackjack online would have used its services at some point.
Skrill is unarguably one of the most common payment methods on an online casino. This payment company was formerly known as Moneybookers. However, after its purchase of Ukash, its operation and name changed. Skrill handles payments in few minutes and ensures the safety of its users. Skrill allows users to make payments in Euros, American Dollars, British Pounds, and many more. Just like Neteller, Skrill also features a VIP system, but with only four levels.
If you enjoy gambling with absolute anonymity, Paysafecard will keep your bank details hidden. There’s hardly an online casino that doesn’t accept payments with Paysafecard. This prepaid card is one of the most popular in the UK and has hundreds of outlets around the world.
Ecopayz is for punters who seek greater payment flexibility. Opening an account with the company will give you the advantage of using their service either as a trusted prepaid debit account through EcoCard or as a bank account.
Zimpler is one of the best casino payment methods out there. It is mobile-friendly, simple and very convenient. The service Zimpler lets you make deposits anonymously via your mobile device. It is approved by the Financial Services.
Sofort is a DIRECTebanking company. It enables players to make a direct money transfer from their bank account to their casino account. The Sofort company is known for being secure, quick and free of hassle.
This payment system lets you top up your casino account without leaving the house. All transactions are done with your mobile phone and the charges will be deducted from the device as well. In many quarters, this payment method is considered more convenient than prepaid cards.
Boku is an example of a mobile payment company. Boku facilitates deposits via your mobile number. You will be redirected to another webpage where you can pay for your deposit. All charges are added to your phone bill.
Choosing the right deposit method & making a deposit
What kind of currency can I use when playing online casino?
Online casinos have evolved creating room for a wide variety of casino payment methods. These money merchants give you the choice to make deposits and withdrawals in different currencies. Majority of these payment methods are recognised globally due to their transparency in currency conversion. As a user of online gambling sites, you ought to know what currencies you’re allowed to use. They include:
Single Currency Casino: Online casinos that fall in this category utilise only one type of currency. An example of this is the US dollar. Online casinos in the USA only conduct transactions in USD. That doesn’t mean you can’t play with other currencies, but you should know that doing so will give you slim profits after conversions are made.
Multiple Currency Casino: Unlike single currency casinos, multiple currency casinos accept different currencies. Its financial transactions are not limited to only one fiat money. Most top online casinos are in this group, this is why TheGambleDoctor endorses this option.
Digital Currency Casino: Conversion fees do not apply here. These casinos adopt cryptocurrencies like Bitcoin for their payments. The use of digital currency in online casinos is progressive and they are the next big thing in the industry.
How do I withdraw my winnings from an online casino?
The whole point of gambling online is defeated if you can’t withdraw your winnings. Today, players can withdraw their winnings on an online casino with absolute convenience. But first, they’ll have to undergo certain verification processes to confirm their identity. This is the standard practice across all online casinos to prevent fraudulent activities.
However, if you wish to avoid this process every time you want to make a withdrawal, TheGambleDoctor suggests you get verified at the initial stage of your casino account creation. To scale through this process, you’ll need certain documents to support your claims. They include proof of address, photos or credit/ID card scans. Listed below are methods to withdraw your winnings on an online casino.
1. Cryptocurrencies
While this trend is still somewhat new to online casinos, it is one of the fastest routes for your money transactions. To make use of cryptocurrencies, you'll need a crypto wallet. Get yourself one and begin to enjoy faster payouts at supported online casinos.
2. E-Wallet Payouts
EWallets lets you deposit and withdraw funds with ease. They are also one of the fastest payment methods available. You’ll have to pick a particular currency to transact with. Also, you’ll be given a prepaid card to use. Their service usually takes a day or two to process.
3. Credit and Debit Cards
It is important to know that you cannot use this payment option for free casino games. It only applies to real money games. This payment method includes the following: Maestro, MasterCard, Visa or American Express Credit. Sometimes, transactions can take up to five days.
4. Bank Transfers and Check Payments
This is another popular withdrawal method. You can easily transfer your hard-earned cash to the bank via bank transfers. However, be aware that they come with numerous verification and security checks which prolong their processing time. Your transfer may take several days to complete, which is why bank transfer should be your last option.
Lady luck may smile on you at any time and gift you a massive jackpot win. But note that not all casinos can instantly disburse such winnings to their users. Most casinos have payout limits per day, week or month. Therefore, before you sign up to an online casino, endeavour to find out the amount you can withdraw in the event of a jackpot win.
Always choose a payment provider you trust
If you don’t trust a payment provider, stay away! TheGambleDoctor will always advise that you don’t compromise on these two things when it comes to choosing a payment method; Trust and Security. We know how confusing it can be to pick out a credible payment method, hence the reason we’ve created some key points to guide you.
- A great banking option will offer you both quick and secure cash transactions
- Freedom to access any online casino game of your choice
- A professional customer support that’s available round the clock
- A sterling customer review
- Frequent audits to ensure best practices are observed
And there you have it! These are the important things to look out for if you don’t know how to pick a good payment provider. As always, TheGambleDoctor has your best interest at heart and will support you all the way until you successfully withdraw your winnings. We also encourage players to make further research before going for any online casino banking method.
How to deposit at an online casino?
Before you can start winning real money, most online casinos demand that you make a deposit at their site. For newbies, this can be quite tasking. This is why TheGambleDoctor has created a straightforward guide to help you understand what must be done to carry out your deposit.
- Check our casino list: Our casino list is comprehensive and houses only the most trusted brands in the gambling business. Browse through it and select the casino with your preferred payment provider.
- Make your deposit to commence game-play: Complete your sign up and via the available best casino payment methods, make a deposit to start playing.
- Withdraw your prizes: Employ the best strategies in your gambling to win as many prizes as possible. Once you achieve your desired winnings, use the same payment option used for your deposit to withdraw your funds.
FAQ: Frequently asked questions about Casino payments & Banking
All payment methods are beginning to improve their services in order not to be relegated to the background. However, there are those who still stand shoulders high above others and the fastest among them is PayPal. PayPal is not only a fast payment method, but it is also highly secure through the use of the best encryption technology in existence.
First, the casino payment method must be fast and secure. Second, you should be able to pay for your favourite games with it. Third, other punters should have good things to say about the online casino payment method. Therefore, check out reviews of other players concerning the casino.
Without mincing words, PayPal is your best bet if safety and security is your main priority. PayPal enjoys global recognition. The company is very selective in the countries where it operates. Some countries cannot access their services simply because they cannot be trusted. That's to show the length PayPal is willing to go to keep the rest of its clients safe.
In most top online casinos, winnings are paid via the same payment method used for deposits. There are lots of ways players can receive their prizes. They include debit/credit cards, eWallets, bank transfers, cryptocurrency, prepaid cards and paybyphonebill. All these methods are available to you, but we advise you to go with the one that affords you the best ease of use.
Players should plan to receive their winnings, at least, within 5 business days. That's generally speaking. But individually, different payment methods make funds available at different speeds. For instance, the use of eWallets offers the fastest payout within a day. In some cases, it may only take hours. The longest wait is attributed to the use of bank transfers. This typically takes 5 business days to complete. Also, don't forget that the online casino plays a role too. They have processing time which can either expedite or delay the cashout of your winnings.
Of course, there are. Remember that online casinos are businesses built for profit and your winnings are part of their operational fund. Most online casinos cannot afford to pay your winnings in bulk as this will affect their business, especially when it's a jackpot win. So they came up with withdrawal limits to break down your payout into bits. Some online casinos can afford payouts of up to $20,000 per day, while some can only do $5,000.
Online casinos are attractive because of the financial possibilities they promise. You can win up to 1 million dollars and above and at the same time, accrue just hundreds of dollars. It all depends on you. That's why TheGambleDoctor advises that punters should research their favourite games to learn all about it, including strategies that will make it easier for them to win games. This will take you closer to the big bucks.
Unless the online casino decides to impose one, generally speaking, there are no deposit fees, especially with a payment processor like PayPal. But when it comes to withdrawal, you might be charged a fee. This fee sometimes comes from cash conversion, when punters want to receive money in their local currency.
