Best Online Casino Payment Methods

Things You Should Know About Payment Methods

With the rapid expansion of online gambling, casinos are integrating multiple banking options to attract and retain more players. You can now transfer funds to accounts and start gaming and withdrawing winnings in a matter of minutes.

However, there are several essential factors you must keep in mind to ensure you have the best experience. You must take note of the verification process, transaction limits, and any extra charges or restrictions on the payment method. Let’s take a closer look below:

Account Verification Procedure at Casinos and KYC

KYC refers to “Know Your Customer” verification. As the name implies, it is a process whereby online gambling sites verify the identity of their customers. This is usually done by requesting documents proving your identity, address, and banking information.

Although this process can be a hassle, it is vital for your and the casino’s safety. With KYC verification, operators can prevent underage gambling, fraudulent activities, money laundering, and other risks for the brand and players.

Here are the general steps for verifying your account:

• After registering your account, you will be notified to complete your verification.
• Go to your account profile on the site and upload the necessary documents.
• For identity verification, upload scanned pictures of a valid passport, driving license, or national ID card.
• To verify your address, upload your utility bill, local authority tax bill, mortgage, or building society statements.
• For additional payment verification, send in a bank statement (issued in the last 3 months).
• Wait for customer support to process the documents.
• Once you pass the verification, you should be able to deposit and withdraw funds freely.

In some casinos, this process may be different.

Deposit and Withdrawal Fees and Limit

Depending on the payment method and gambling site, you will find varying transaction fees and limits. The best online casino payment methods charge no extra fee or a negligible amount for transactions. They also offer instant deposit and speedy payout options, although the processing time may differ based on the casino. In addition, they have high maximum deposit and withdrawal limits.

Below is a table summarising the general features of most casino payment options.

Country Restrictions

Countries generally have different financial restrictions and regulations concerning payment methods. Certain payment services may be restricted to players from one country or continent. As a result, it is important to cross-check the country’s regulations and casino terms and conditions before transacting. You must also confirm that the gambling site is legal and licensed, as many banking options do not allow transactions from unlicensed sites. Fortunately, we’ve done the research for you. We have a list of the best casino payment methods available for deposit and withdrawal.

Useful Tips From Our Experts

Rather than visiting land based casinos, you can now enjoy a plethora of games from the comfort of your home. In addition, with just a few clicks, you can deposit funds or withdraw winnings as you play. However, when it comes to selecting a casino banking option, there are a number of things to take into account. Your choice will depend on your personal preferences and favourite means of processing online transactions. Let’s go over some key tips to keep in mind before funding your casino account or withdrawing winnings:

1. Ensure the casino you select is licensed and regulated by at least one gambling authority.
2. Make sure the casino offers a good selection of payment options available in your country.
3. Select banking options with instant deposit and withdrawal speeds.
4. Choose payment methods that offer low minimum transaction limits and high maximum transaction limits.
5. Check to see if you are required to use the same bank provider for deposits and withdrawals.
6. Confirm that the operator charges no extra fees.
7. Take advantage of any bonuses tied to specific payment methods.
8. Ensure the payment model and casino utilise secure socket layer encryption technology for maximum protection.
9. Read the casino terms and conditions page to learn about its payment options.

Debit and Credit Cards

One of the most trusted and versatile casino payment methods is the debit and credit card options. They can be used to deposit directly or withdraw funds from your casino account. You can easily register the card by inputting the Permanent Account Number (PAN), expiry date, and CVV code. Unfortunately, the UKGC placed a ban on gambling with credit cards in April 2020. However, you can still fund other casino payment options like e-wallets using your credit card.

Visa

Visa remains one of the largest payment processing networks worldwide, with the cards being used in over 200 countries. The cards are issued by Visa, a multinational financial services corporation. They offer a safe and secure means of gambling online, making them the go-to option for many gamblers. Once you register at online casinos that accept Visa, you’ll be able to use it for subsequent payments easily. Deposits are usually instantaneous, while withdrawals may take up to 5 business days.

Mastercard

With a presence in more than 210 countries, Mastercard partners with over 25,000 banks and financial institutions to offer secure transactions. Essentially, Mastercard is another widely accepted and trusted payment brand at casino sites. The top MasterCard casinos make the entire deposit and withdrawal process simple and seamless. You’ll be able to jump into the gambling action with just a few clicks. In addition, the cards are highly reliable and safe, thanks to the MasterCard ID Theft Protection and MasterCard SecureCode technology.

Maestro

Issued by the Mastercard Financial Services Group, Maestro debit cards are accepted in over 130 countries and territories around the world. They offer similar security and ease of use to standard Mastercards. Deposits are also processed instantly from the card to your gaming account. One advantage is you do not need to pass any credit checks to gamble at Maestro casinos. However, the cards are usually not available for withdrawing winnings at most online gambling sites.

Pros and Cons of Debit and Credit Cards

Our experts at Gamblorium have carried out a detailed examination of these payment methods to summarize the main pros and cons:

Mobile Payments

Over the years, mobile payments have grown increasingly popular as casino payment methods. With a lot of famous brands launching mobile pay options, more casinos are incorporating them into their platforms. They are quick, secure, and straightforward, allowing you to conveniently and comfortably pay with your mobile phones. Regardless of your device, whether iOS, Android, Amazon, or Windows, you’ll find a mobile payment app for your gambling needs.

Apple Pay

Online casinos with Apple pay allow speed and easy-to-process deposits available in over 50 countries. You’ll be able to fund your account using your mobile phone. Apple Pay uses high-level encryption technology to protect transactions from any third party. In addition, there is two-factor authentication for securing your phone, using Touch/Face ID, passcode, or PIN. Of course, euros are supported, in addition to US dollars, Swedish krona, and others.

Google Pay

Google pay wallet is now live and available for digital transactions in 39 countries. You can easily download the mobile app on Google Play Store or Apple Store. Although only recently launched, GPay is already widely spread across online casinos. It integrates seamlessly with any gambling provider. However, like most other mobile payment options, you can use GPay for deposits and withdrawals. There are exceptions with the withdrawals. To cash your winnings at online casinos that accept Google Pay, you’ll need to add another payment method.

Boku

Boku is another global mobile payment system operating in over 70 countries worldwide. It allows gamblers to transfer funds to their casino accounts using mobile phone numbers. The charges are then added to the user’s monthly phone bill. One big plus of casinos with Boku is you no longer have to enter long credit card numbers or personal information. However, Boku is not an excellent option for high rollers. Deposits are limited to €/$10 at a time and €/$30 per day.

Siru Mobile

Siru is one of the less-known mobile payment services. At the moment, it is only available to users from the UK, Sweden, Norway and Finland. Siru Mobile is an excellent money transfer solution if you want to make secure deposits while gaming on your mobile device. Like Boku, it allows you to make deposits using your mobile phones with the fees added to your phone bill. However, there are not many Siru Mobile casinos in the gambling market.

Landline

This is another pay by phone bill option offering superb billing convenience and ease of deposits for players. Landline casinos allow you to enjoy your games without being interrupted to pay. You don’t have to worry about bank transfers or credit cards. The few quid you spend will simply be charged to your casino bill to be paid later. You can then sort your monthly bills and pay the fees instead of racking up interest on a credit card.

PayForit

PayForIt (PFI) mobile billing offers a top-notch mobile gaming experience for gamblers. You’ll be able to pay your deposits on games via your mobile phone with a one-time or subscription-based billing system. This billing will then be charged directly to your monthly mobile phone bill. This system is backed by all mobile operators, Vodafone, Three, 02 and EE, and is trusted and accredited. Casinos that accept PayForIt feature an intuitive and user-friendly platform with one-click payments on mobile phones.

Pros and Cons of Mobile Payments

Mobile payment options are increasingly becoming a popular choice for online casino transactions. To understand their suitability for your gaming needs, Gamblorium has compiled a list of their advantages and disadvantages:

E-Wallets and Prepaid Cards

With the COVID-19 pandemic, many consumers are exploring various casino payment methods, leading to a rise in e-wallets and e-commerce activity. As gateways between your online casino and bank account, Digital wallets allow you to fund your gambling account conveniently and securely. The same description can be said of prepaid cards. Prepaid cards are reloadable cards that allow you to deposit without divulging personal or financial information. They provide increased security and anonymity and are helpful for strictly controlling your bankroll.

PayPal

Available in over 200 countries and supporting 25 currencies, PayPal is the most popular e-wallet option and a constant favourite of gamblers. Casino sites that accept PayPal offer swift deposits and instant payouts with the method. Withdrawal times can range anywhere from instantly to 24 hours. To set up your PayPal account, you first deposit money via debit card, credit card, or bank transfer. You can then use the money to fund your casino account and enjoy gaming.

Paysafecard

Paysafecard is a leading prepaid option operating in nearly 50 countries worldwide. You can buy Paysafecard vouchers from retail outlets with a 16 -digit code which you enter to deposit into your casino account. Online casinos that accept Paysafe provide a safe and secure gambling experience. No banking details are ever exchanged with the sites, offering players anonymity like never before. In addition, Paysafecard comes with a mobile app for saving codes and making mobile purchases.

Neteller

Neteller is another popular e-wallet transfer service for depositing and withdrawing funds to and from casinos. It is available in over 200 countries, providing lightning-fast payments for players worldwide. Casinos with Neteller allow you to fund your account without disclosing any card details. You can easily sign up for Neteller for free and connect the account to your bank. Afterwards, you can choose Neteller as your preferred payment method in your online casino to deposit or cash out funds.

Skrill

Since its launch in 2001, Skrill has grown to operate in over 120 countries worldwide. It is owned by Paysafe Group, the world-famous online payment company that also runs Neteller and Paysafecard. You can conduct safe and speedy transactions with the best Skrill casinos. With Skrill, you can directly transfer funds to your gambling account from your Skrill e-wallet balance. This allows you to avoid any extra transaction charges. Like other e-wallet options, Skrill offers fast deposits and payout options.

Pros and Cons of E-Wallets and Prepaid Cards

We’ve compiled a list of the benefits and drawbacks of e-wallets and prepaid cards in the table below:

Online Banking transfers

Online banking transfers are considered one of the oldest and best casino payment methods. They are widely accepted in almost all online casinos. Bank transfers are standard options allowing you to transfer money directly between your bank account and casino. They are also entirely secure and trustworthy due to the heightened security protocols in banks. They are especially suitable for high rollers as you can deposit and withdraw substantial sums of money. However, unlike bitcoin and e-wallet options, online bank transfers typically have longer processing periods and transaction charges.

Trustly

Founded in 2008, Trustly currently operates in over 30 different European countries. It acts as a connection between you and operators, allowing you to deposit without exchanging personal details. You can use the service completely free of charge. Trustly also offers high maximum deposit and withdrawal limits, making it a favourite of high-volume gamblers. With online casinos that accept Trustly, you don’t need to create a Trustly account. Instead, you can simply link your bank account directly with your gambling account.

Pros and Cons of Online Banking

If you’re considering using online banking payment methods, this list of pros and cons might help you make a decision.

Best Casino Payment Options for Fast Withdrawals

Nothing feels better than winning a game and cashing your payout without hold-up or delay. Most online sites offer a wide array of banking options. However, you need to consider which to use as it can make all the difference while gambling. The best online casino payment methods offer not only speedy deposits but also lightning-fast withdrawals. With the ever-expanding number of available options, it can be pretty challenging to find the fastest payout methods. Luckily, our experts have done the legwork for you. If you want to enjoy the thrill of gambling and withdrawing instantly, check out our list of the best casino payment methods below:

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  Trustly
  

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  Apple Pay
  

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  Google Pay
  

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  Paypal
  

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  Paysafecard
  

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  Boku
  

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  Landline
  

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  PayForIt
  

How We Rate and Select the Best Casino Payment Methods

There’s a vast number of banking options available for all your casino transaction needs. At Gamblorium, we aim to streamline this process by ensuring our recommended payment methods meet stringent criteria:

Safety and Security

The best casino payment services must take active steps to protect players’ personal and confidential information. Our top-rated payment options hold user safety as a top priority and protect against hackers and other malicious third parties.

We ensure the method implements firewalls in order to prevent unwanted traffic on the network. In addition, it must utilise the latest Secure Socket Layer SSL technology to store and encrypt user information for maximum protection.

Fees and Limits

We cross-check the maximum and minimum deposit and withdrawal limits of all our options across different casinos. For the best gambling experience, the banking option must offer a low or no minimum limit and a high or no maximum limit. This will allow players to bet as low or high as they wish.

Our platforms also offer smooth transactions without charging any extra fee. This helps to keep costs when gambling to a minimum.

Deposit and Withdrawal Speed

This is one of the major factors we take into consideration. The fastest withdrawal online casino offers fast deposit and payout options. You must be able to deposit funds quickly and withdraw just as fast for a seamless experience. Our curated list features the fastest deposit and withdrawal methods.

Customer Support

Customer support is another crucial point to look out for in a payment method. The best methods have very responsive and reliable customer service to handle any issues. In the event of problems with transactions, you should be able to reach out and have the problem resolved in no time. There should be numerous contact options, including email, 24/7 live chat, and phone support.

Country Restrictions and Currency Availability

Banking methods have restrictions in different countries. As a result, we ensure all the methods on our list are available and operational. Brits should have no problem accessing these methods for deposits or withdrawals at casinos. We also ensure the methods support the euro currency, in addition to other currencies.

Let’s Sum Up

With recent technological advancements, depositing and withdrawing funds at casinos has never been easier! There are several casino payment methods you can use, depending on convenience, budget, and personal preferences. We hope this guide has helped you sift through the available options to find the best one for you. Choose a method from our recommendations based on your needs and enjoy a smooth and seamless gambling experience. Have fun, and remember to gamble responsibly!