5 Ways to Pay in an Online Casino
If you want to play some games or try your luck at an online casino, two of the first things you will do include opening an account and funding the account through one of the available payment options. If a casino has a wide selection of payment options which are also easy to use, that would be a significant factor in determining how your experience at the casino will be. There are numerous payment options you can find at different casinos, and this article is meant to explain the most popular of these payment options.
Credit and Debit Cards
Credit and debit cards are arguably two of the most popular, easiest, and reputable ways of paying online. Because of how ubiquitous they are, it is almost impossible to find a casino that does not accept credit or debit cards. Visa and MasterCard are well-known and widely accepted by casinos all over the world. There are other credit card providers like American Express, but they are a lot less popular.
When paying at a casino, it is always better to pay using a debit card. This is because transactions on debit cards do not usually carry a charge, but transactions on credit cards accept a charge of between 0.5% and 4%, depending on the casino. Credit cards have the added advantage of giving you credit to play if you do not have funds in your debit account.
Although it is easy to set up your credit or debit card for deposits, you need to do so before you can set it as a deposit method. You may also be asked for evidence of identification during your first withdrawal if you use MasterCard.
E-wallets
E-wallets let you connect your bank account to a digital account and use the digital account to pay for what you need. E-wallets can be added as withdrawal and deposit options. Their main advantage is that you do not have to give a casino or other payment providers your banking details; they only need to know your payment email address and some authorization to withdraw from and deposit into your e-wallet account.
Some examples of popular e-wallets include PayPal, Neteller, Skrill and EcoPayz. PayPal remains the most popular e-wallet around the world, but it is only accepted at select casinos. PayPal vets each casino that wants to accept this payment method, meaning that if the casino accepts PayPal, it is fully licensed and has been deemed to be secure.
Skrill rivals PayPal when it comes to payments to casinos. Almost all casinos accept Skrill because of its convenience, safety, and ease of use. It can be added as a deposit or withdrawal option, although it can incur some commission charges.
Neteller is another casino payment option that carries a significant number of online transactions. Although not very popular in the United States, it is very popular in other countries. Using Neteller can attract charges, but you can find casinos willing to pay these charges for you. Neteller also charges a currency conversion fee because many of its clients do not use the US dollar as their main currency.
There are many other e-wallet options you could try out, some specific to your country or jurisdiction. Many of them do not handle near the volume the three options above do.
Pay by Phone
In some countries and jurisdictions, and depending on your mobile service provider, it is possible to pay at an online casino using your phone. If you choose this method, money is taken from your phone bill and then an intermediary will place the bet or wager on your behalf.
The main advantages of using a phone to pay at an online casino include convenience, security, and simplicity. You do not need to provide a casino that accepts payments by phone with any banking details and, in many cases, you do not even have to create an account.
Even though there are so many casinos that accept this payment method to make things easy for their customers and players, it is not always so easy to find the best pay by phone casinos. Thankfully, websites like OnlineCasinos have done the hard work for you, and they bring you in-depth reviews of the best pay by phone casinos. They provide a rating for each of these casinos if you are looking for a quick overview, as well as detailed information if you are looking for further clarification. OnlineCasinos also provides reviews of other types of casinos including PayPal casinos, live casinos, and many others.
Bank Transfers
Sometimes called bank wire transfers, or simply wire transfers, bank transfers are a great option if you routinely deposit and withdraw a lot of money from your casino account. To use this payment option, you need to connect your bank account to your casino account. Once linked, you can start doing wire transfers to and from your chosen casino. While wire transfers are very safe due to how seriously banks take their security, they are very slow. It can take days for funds deposited to reach your casino account and for withdrawals to reach your bank account.
To counter this issue, some payment providers have come up with Instant Bank Transfers. They make deposits and withdrawals almost instantaneously as they operate between your bank account and casino account, facilitating the movement of funds.
Cryptocurrencies
Although they are relatively new, cryptocurrencies are quickly becoming a popular way of paying at online casinos. There are so many options to choose from and once you choose a cryptocurrency, the only thing left is finding a casino that accepts it. Cryptocurrencies have the distinct advantage of being anonymous and safe. No one can trace where the funds are coming from, and this is an advantage for players who want to hide their identity or who do not want others knowing they are playing casino games.
When you decide to play at an online casino, you will be glad to know there are numerous payment options you can choose from. Each has its pros and cons, so be sure to compare them to end up with the payment option that works best for you.
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