Online Casino Banking Options Guide 2020
Getting into the world of online casinos is as easy as searching the keyword “best online casinos” on your browser. But in as much that we are saying that online casinos are readily available, one of the more daunting prospects is how to deposit money into your casino wallet. This is especially if you are a first-timer who haven’t wagered money in an online casino before. You might find yourself looking for a trusted source to answer these three questions: What banking options are available? Is it safe to share my financial information? Are there any red flags to watch out for?
Most of our readers reached out to us with similar concerns and as usual, we are here to help.
Is it safe to deposit money in an online casino? That’s your first concern without a doubt. Well, do you fancy a shopping spree on Amazon or any other major online store from time to time? If yes, then depositing money at an online casino is as safe as that (if not safer). While your options will vary depending on the jurisdiction, trust us when we tell you that there is always a safe, secure way to get money into your casino wallet hassle-free.
To ensure the highest levels of safety, our experts have prepared comprehensive guides on virtually all the banking options that you are likely to come across in an online casino plus lists of the safest casinos to make your deposits in.
What is Online Casino Banking
Although online banking has faced some criticism in the past, it is quickly gaining influence over the masses as one of the easiest, safest, and quickest ways of completing online transactions. This is because the spearheaders of this technology received the criticism is a positive way to come up with a top-tier, most robust payments system.
The online payment options available today are accessible from wherever you are and from any of your desktop and mobile devices. With online casino banking at hand, going to queue in a bank just to deposit money at an online casino seems totally absurd if you come to think of it.
The available online casino banking options include all major debit and credit cards (Mastercard, Visa Electron, & American Express e.t.c.), e-wallets such as Paypal, Neteller, & Skrill, Pay by Phone, and direct bank transfer.
Online Casino Transactions using Credit Cards and Debit Cards
For many online casino players, this is the most familiar way to deposit money at online casinos, and the reasons are obvious. Virtually everyone in this digital age owns a debit card or credit card, and the cash is usually credited or debited your account instantaneously.
The most widely accepted cards are American Express, MasterCard, and Visa. If you own any of these cards, just head on to the cashier and fill out the relevant details. Important to note, cards might not be the suitable depositing solution for everyone and in every situation for a number of reasons, one being that they carry transaction fees of 0.8-1.3%.
Visa is the most successful card payment method across the globe. It is also the most widely accepted card at online casinos. If you are interested in making your online casino deposit through your visa card, we recommend that you take a look at our top Visa Casinos.
Although MasterCard is second to Visa, it sits at par with the latter in terms of prominence accepted just as widely in online casinos. If you would like to use your MasterCard to make your casino deposit, take a look at our list of casinos that accept the MasterCard.
Although not as popular as MasterCard and Visa, there are a good number of online casinos that accommodate the American Express Card. If you are keen on using this option, take a look at our list of casinos that accept Amex.
Using e-wallets for Online Casino Banking
E-wallets are another way of moving funds around the internet. They are basically virtual banks where money can be spent online or transferred to your physical bank. These sites are convenient in that they allow you to make transactions without having to make constant withdrawals from your bank. Some of the popular e-wallets you will come across include Paypal, Neteller, Skrill, and Ecopayz.
Paypal is the most widely-used e-wallet worldwide. If you are already set up to use this method, check out our list of recommended Paypal Casinos.
Neteller has long been linked to gambling activity, often the primary go-to wallet in online casinos, poker rooms, and sportsbooks. If you are interested in using this option, you should definitely check out the list of our recommended Neteller casinos.
Formerly Moneybookers, Skrill is the greatest rival to Neteller. The company is established firmly under the strict eye of the Financial Services Authority. It is, therefore, one of the safest banking options you will come across in the online casino world. Interested in using Skrill? Check out the list of recommended Skrill Casinos.
Although it is not as popular as the other three, Ecopayz is also a common e-wallet preferred by most. Armed with unique perks such as 7 different languages & a total of 45 different currencies, Ecopayz/ Ecocard is certainly no stranger to the online casino industry. If this is the deposit method you are looking to use, check out our list of recommended Ecopayz casinos.
Online Casino Banking Using Cryptocurrencies
As the popularity of cryptocurrencies continues to grow, some online casinos have also decided to hop on the bandwagon. They are so many perks that come with it, the most obvious one being that you might be able to double your cryptocoins. The most commonly accepted cryptocoins are Bitcoin and Etherium.
Pay by Phone Casinos
In this digital age, the thrill and satisfaction of completing a transaction from the comfort of your mobile device are unmatched by any other payments solution. Completely aware of this, some online casinos are now providing mobile payments as one of the banking options. The most popular Pay by Phone solutions you are likely to come across include Zimpler, Payforit, and Boku.
Offline Casino Banking is an option too!
More often than not, you will come across people with a phobia for online casino banking. And they actually don’t mind the hassle of having to look for a financial outlet, not to mention the queues.
They are also not left behind because it is possible to make your casino deposit manually over the bank counter. Some of the offline banking methods you might be able to use include bank draft, checks, and Bankwire, facilitated by e-solutions such as Western Union, Echeck, and Money Gram. Needless to say, you will need to bring along certain details such as the name of the casino, the account number of the casino, and your full names.
Online Casino Payments FAQs
Here are the answers to the most frequently asked questions about casino banking:
- How do I make a deposit at my favorite online casino?
Making a deposit at your favorite casino is actually very easy. In fact, it should not take more than 5 minutes provided that you choose the ideal banking option. After selecting your preferred deposit method, just fill out the amount you wish to transfer into your casino wallet and respond to the prompts that follow.
- How do I withdraw my winnings from an online casino?
Withdrawal methods can vary from one casino to the next. In nearly all cases, you will find that there are lesser withdrawal methods compared to the deposit options. We highly recommend that you read the withdrawal T&Cs provided by the casino.
- How long does it take to make a withdrawal from an online casino?
Withdrawal times vary depending on the casino itself and the deposit method being used. While some casinos may have the luxury of offering instant withdrawals, others might not. E-wallet withdrawals are usually faster compared to card transactions.
- Are there withdrawal limits at online casinos?
It’s rare to come across a casino that doesn’t impose withdrawal limits. To find out the exact withdrawal limits of any casino, we recommend that you carefully read the withdrawal terms and conditions. We also recommend that you go for the casinos with the most reasonable withdrawal limits.
- Can I track my transaction history in an online casino?
Of course, you can. Each casino will provide you with a well-drafted transactions record on request.
- How much money can you win at an online casino?
There’s actually no limit to the amount you can bag from an online casino. Each outcome is generated randomly using the RNG mechanism and you could find yourself winning anything from $1 to the largest jackpots of up to $10000.
- You will find a good selection of banking options in any of our recommended online casinos.
- If you want to wager real money, identify your preferred method to make an instant deposit.
- Always watch out for deposit method-based limitations. Using some e-wallets such as Neteller and Skrill, for instance, might disqualify you from receiving certain casino bonuses.
Lots of Flexibility in banking options right here!
Have you been having trouble finding a casino that will accept your deposits? That comes to an end right now! The best online casinos are focused on providing flexibility and ease when it comes to deposits and withdrawals. And you do not have to go far to find those casinos because they are right here in our online casino reviews section. Each casino listed here will offer you the best casino entertainment in various casino segments such as slots, blackjack, roulette, scratchcards, keno, craps, as well as great customer support and a good selection of banking options to choose from.
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