When you decide it’s time to play casino games for real cash prizes, you have to consider how you’ll fund an account at your favourite online casino. Although the use of credit cards is now strictly prohibited, many casino regulars still prefer to avoid submitting their debit card details and instead, choose a fast and efficient payment provider such as PayPal or Neteller. Using a reliable payment provider is actually a convenient method, particularly if you plan to open an account in more than one online casino.
Casino Deposit Options
How Do We Know Which Online Casino Payment Systems to Recommend?
During our long years of service in the online casino industry, we’ve come across dozens of well-known and relatively obscure payment providers. We usually assess each one by first checking how accessible it is for players who might be restricted by territory or circumstance. Our priorities for making recommendations include having reliable security and a simplified registration process. We also note if they’re free to use, have a competent customer services department and offer efficient deposit and withdrawal procedures.
Popular Casino Payment Methods
While using your debit card to fund your casino bank balance is relatively effortless, there are several advantages in opting for an e-wallet. It’s an up to date system that’s fully integrated with the internet and often provides transfers that are virtually instant. They’re fairly anonymous and easy to use, particularly for casual players. So, now let’s look at some of the most widely used casino payment methods.
One of the most established online casino payment gateways is PayPal. It’s a secure, worldwide online payment method that’s used by millions of people for all types of transactions. Once you’ve registered your details, you simply have to attach your debit or credit card number to activate your PayPal account. When you use PayPal for casino banking, it’s completely free and simple to use. It’s one of the easiest casino deposit options and provides instant cash deposits. The minimum amount of cash for a casino transaction is frequently £10 and the maximum is around £5,500. It usually takes twenty-four hours for a withdrawal to appear in your PayPal Casino account.
Boku is quickly becoming one of the preferred casino deposit options for those who prefer playing slots and other games on mobile devices. There’s no account to open as you only register your phone number. You can make daily casino deposits of up to £30 using money stored in your phone. However, you can’t make withdrawals using the system. Although Boku is free to use, some online casinos may charge between 3% and 10% for using the service.
Trustly is an ideal payment option if you don’t have a debit card as you link through your bank’s online system. However, you need to have an account with an approved bank and live in the UK or Europe. Transactions are fully encrypted and deposits to your casino account are instantaneous. Withdrawals are typically twenty-four hours after you’ve cleared the pending stage. The majority of casinos don’t charge for deposits, but you’ll probably encounter fees for withdrawals.
Neteller has been used as a secure online casino payment system since 2000 and is accepted in the majority of online casinos. If your Neteller account is already linked to your bank account, both deposits and withdrawals usually take only a few minutes. Depositing funds into your casino account is usually free, but some casinos may impose a small charge for withdrawing funds of up to £5,000. Neteller operates in twenty-five currencies, but once you’ve chosen one, it cannot be changed.
PaySafeCard is an ideal pay-as-you-go system for depositing funds into your online casino account. It’s a prepaid card that you purchase from a variety of outlets including well-known supermarkets. To top up your card with up to £200, you simply purchase a voucher with a code that you enter into your online account before transferring the funds to your casino. It’s a completely anonymous casino payment method. Deposits are free and virtually instant, but it isn’t an acceptable method for withdrawing your winnings.
Pay By Phone
Making deposits to your casino through your monthly mobile phone account is secure with instant transfers. It’s usually completely free to make deposits. However, you can’t withdraw any funds using the system.
Bitcoin is the most well-known cryptocurrency. It’s decentralised, anonymous and payments are virtually instant. However, it’s still not accepted in many online casinos, but where it is possible, you can usually make deposits for free. If withdrawals are allowed, the casino may impose a small charge.
Q.1. Which casino banking methods are best for high rollers?
A. Most high rollers still opt for bank transfer or debit cards, but some e-wallets such as PayPal and Neteller typically handle casino transactions of up to £5,000.
Q.2. Can I still receive a Welcome Bonus if I use an e-wallet?
A. Not very often, although every online casino has its own rules about this issue. It’s best to read the terms and conditions before deciding which payment method to use.
Q.3. Which payment method will keep my gambling limits under control?
A. Boku is ideal for spending small daily amounts. PaySafeCard can also help by placing a limit on your top ups and you have to go out of your way to buy the card or vouchers. However, if you think your gambling is getting out of hand, ask your casino or BeGambleAware for help.
Q.4. Will my chosen payment method affect the amounts I can deposit and withdraw?
A. Individual casinos set different minimum and maximum limits for each of their preferred casino payment methods. You should find the exact details in the terms and conditions.
Perhaps we could also include a table of the payment providers comparing things like Minimum Transaction, Maximum Transaction, Fee etc.