Gambling business operators try to attract and retain customers. To maintain their audience, they monitor current queries. And among other things, they are constantly expanding the methods of depositing and withdrawing money.
Online casinos currently cooperate with dozens of payment services – their list has recently been expanded to include cryptocurrencies.
Based on this, it is worth compiling a list of the best payment methods since there are a lot of them at the moment, and for a quality gambling experience, you should choose only reliable ones.
Visa and MasterCard
Bank cards remain the most widely used method for transactions on gambling platforms. The reason for this is quite simple – cards are the most accessible, convenient and safe (if used correctly).
Credit cards guarantee fast transactions to start playing casino games without the risk of losing funds. Why?
Currently, Visa, MasterCard and even American Express adhere to high-security standards, particularly various transaction confirmations, verification of funds, etc. But this system also has a drawback – withdrawal of funds (not deposit) can take 1 to 3 business days. Based on this, it gives way to other payment methods.
E-Wallets
The main advantage of E-Wallets is that there are a lot of them, and they are available in different regions. Among the most reliable and popular, it is worth highlighting:
- Skrill;
- Neteller;
- Jeton Wallet;
- ecoPayz;
- Piastrix;
- PayPal.
As a result, most online casinos do not miss the opportunity to add one (or literally all popular) e-wallets to their range of payment methods.
On the one hand, the security level of these systems is slightly lower than that of bank cards, which is quite obvious. But on the other hand, with proper management, basic rules and safety measures are sufficient.
But don’t think that E-Wallets are anything suspicious. On the contrary, PayPal is valued for its constant monitoring of suspicious activities and cash flows. So, if gamblers do not have the opportunity to use Visa or MasterCard, e-wallets are the best option.
Crypto Payment Method
Nowadays, most people are already accustomed to the modern trend and popularity of cryptocurrencies, and gambling platforms cannot miss this feature—a payment solution in online casinos that has maximum security and speed and ensures anonymity.
Because of the last aspect, most gamblers learn more about crypto, register a crypto wallet and use Bitcoin, Ethereum, Tether and other crypto in online casinos.
The transaction speed, or TPS, is different for each cryptocurrency, but their differences are in milliseconds. So, for gamblers, making a deposit or withdrawing their money will take literally 1-3 seconds.
Of course, there is significant regulatory pressure on the cryptocurrency market, but large companies such as Binance are still relevant to users. But in general, this mistrust is gradually subsiding, and soon, crypto will (perhaps) be perceived as something ordinary and convenient at the same time.
Apple Pay and Google Play
Mobile gambling also did not stand aside; methods such as Apple and Google Pay make financial management much more accessible. In most cases, when using these two systems, no additional commission is charged to users, which in some cases (especially for high rollers) can save a good part of the winnings.
Plus, unlike previous methods, using a smartphone or other mobile device, all confirmations, authentications, etc., can be done in a few taps. Of course, this does not relieve players of the obligation to comply with security measures. Still, at the moment, only Cryptocurrency methods can be better than Apple Pay and Google Play.
Irrelevant and Outdated Payment Methods in Online Casinos
Despite technological progress, some online casinos still have outdated systems and methods. For example, some old-fashioned online casinos over 20+ years old can make deposits using checks.
In this case, these are not electronic checks but literally a paper version, in which players indicate the amount and other data to make a deposit. In this case, the process can take a long time because sometimes this check needs to be sent to one of the online casino’s offices (or company). Not too modern.
Also, an almost similar method is the delivery of a check or money by courier, which usually applies to withdrawal. In this case, the waiting time can be longer than for bank cards and reach 14-21 days.
Also, one of the most popular, but not the most convenient, methods is vouchers. The reason for their inconvenience is that buying them electronically is not always available, and gamblers need to look for special stores that sell them.
Conclusion
Deposits and withdrawals at online casinos are fairly simple financial transactions. This process can be simplified by choosing a correctly selected payment method that meets modern standards and the needs of gamblers.
At the moment, these are bank cards, e-wallets, crypto and mobile payment methods.
