Casino Deposit Methods
When gambling online, it is important to be able to deposit money quickly, easily and securely. In fact, the banking options available at an online casino should be one of the most important factors to consider before signing up and making a real money deposit. For the sake of convenience, many top online casinos feature a wide range of banking options – some are for deposits only, while others allow you to withdraw funds as well. There are many ways to make deposits and withdrawals at online casinos, from traditional methods to more modern ones as well as new options that are fast catching on.
While standard methods like credit and debit cards are well-known, there are some new and modern options that could do with some explaining. With some guidance, players are able to choose the right deposit methods to suit your needs. Here we look at some of the most popular options and some new ones you might want to consider. That said, all of our recommended deposit methods are safe, secure and reputable.
Credit and Debit Cards
Debit and credit cards are the cards you use for everyday purchases and payments. When using these cards at online casinos, it works similar to online shopping – you enter your card details and the money you approved gets take off of your card. Most online casinos accept the most popular debit and credit cards, although processing fees could vary. Some of the most common cards accepted at online casinos are VISA, MasterCard, VISA Electron, Maestro, American Express and Discover, to name a few.
Digital wallets, more commonly known as e-wallets, are fast becoming the go-to option for both deposits and withdrawals at online casinos. E-wallets allow you to transfer money quickly, easily and securely to your chosen online casino. All reputable casinos will have security in place to ensure all of your financial and personal information is properly secured. This means that while the casino operator will be able to accept approved funds, they will not be able to see your card details and make unauthorized deductions. This also protects your details from fraudulent activities from third-party sites or even hackers.
Digital wallets may be the more modern option, but the process is simple, and you don’t have to be tech-savvy to understand how to use them. The process works like this:
- Open a wallet and link it to your bank card or bank account.
- Once this is successful, move the funds from your bank account into your wallet.
- Deposit funds from your e-wallet to the online casino.
- Funds are transferred instantly, and, in many instances, these transfers are completely free. That said, there is almost always a charge when you withdraw funds using the e-wallet.
e-Wallets are ideal for online gambling as it provides security, speed, convenience and discretion. They provide an alternative payment method as you don’t have to access your traditional bank account. You will also be able to control your money better as you will only be allowed to use the money on your wallet and when it is done, you will need to transfer more funds. Neteller, Skrill and Paysafecard are three of the most popular options at online casinos, while PayPal, WebMoney and Ecopayz are also accepted at certain gambling sites.
Prepaid cards are similar to debit cards, but instead of using funds from a bank account, the cards must be topped up with cash before you spend, which makes it easier to control and monitor your spending. As you are only allowed to spend the money available on your card, you avoid overspending or using funds you don’t have. Fees for this method varies between providers and are usually a percentage or a flat fee. That said, online casinos do not charge you to deposit funds from prepaid cards. The most popular options at online casinos include Paysafecard and Entropay.
Instant Payment Services
Instant payment services acts as a middle man between the bank and the online gambling site. This is ideal for people wanting to keep your banking and online playing separate from each other. Players can make deposits using the funds in your bank account, although you need a special login and password in order to proceed with this payment. Transactions are instant and free in most cases, although some services require a small transaction fee. Online casinos do not charge to deposit funds into your casino account using instant payment services. The most used and reputable instant payment services include ClickandBuy, Click2Pay, direct bank transfers and iDebit, to name a few.
New Deposit Methods at Online Casinos
In addition to these traditional methods, there are a few interesting and innovative options to choose from as well.
Pay by Phone Bill
This is one of the newest options for players wanting to make deposits at online casinos. Here, you can use your phone to transfer funds into your casino account and the cost is added to your mobile phone bill. This is ideal for people who want to play immediately but do not have the time or funds available at the time to transfer the money. All you need is a phone, a casino account and an operator that offers this service. All you have to do is select the pay-by-phone option to make your deposit and the amount you want to deposit, which will reflect on your phone or taken from your pay-as-you-go credit. This is a fast, secure and efficient method of payment and fast becoming a popular option for many players.
Bitcoin is a digital currency that has exploded in popularity around the world in recent years. Bitcoin can be used to pay for things electronically and one of its main benefits is that it is decentralized. This means that it is not affiliated with any banking institution and only controlled by the Bitcoin network. Since there is not controller, users can transfer funds anonymously, which is particularly appealing to online gamblers looking for privacy. While only a few online casinos currently accept bitcoin payments, the popularity of the cryptocurrency means more gambling operators should become open to this option in the future. Some online casinos operate completely with bitcoin payments and are becoming popular due to the high level of privacy and anonymity involved.
While some of these methods are for deposits only, others can be used for withdrawal purposes as well. If you are looking for added convenience, choose a banking method that does both. It is recommended to check the online casinos terms and conditions to learn more about the casino’s policies and well as any fees required to use a particular deposit option. That said, most gambling operators won’t charge to make deposits into your casino account. In some cases, online casinos may even reward depositing players.
Security is a major concern of many players depositing funds to online casinos. However, this is unwarranted as many of the best online casinos and most reputable banking methods provide the most safe and secure services. If you have any concerns, be sure to play at a reputable online casino and use a deposit method that is well-known and reliable. All licensed and regulated gambling operators take great pride in its security, with sensitive information being protected with the latest SSL encryption technology.