When playing at casino sites, our biggest concerns are the safety of our data and money. Not only that it is crucial to choose a reputable online casino, but you should also choose a convenient payment method, the one that will ensure smooth transactions without additional expenses.
Today, we have a plethora of banking methods to choose from. To help you pick the one that is just right for you, we present you expert guide to online casino banking with the list of highly rated global and local payment options you can choose from.
Introduction to Online Casino Banking
Online transactions should be quick, cheap and safe. These are the key factors you should take into consideration when choosing which banking method you will use. However, not all banking options provide users with the same level of security and convenience. Some will provide you with fast transactions, but impose fees while others require revealing your sensitive data.
Now and then, a new online payment method is launched to offer customers a more enjoyable service. Casino players have the courtesy of choosing from a wide array of global and local solutions that enable them to fund their accounts and cash out their winnings. On this page, you will be able to find information on how to use each of the featured methods. Now, let’s take a quick look at the most common solutions you can use to transfer your money.
If you have a banking account, you probably have a debit or credit card attached to it. Not only that it allows you to pay for goods and services offline, but you can also use them to play your favourite casino games on the web. They are accessible and allow you to send your money to the casino, but you can also use them to clear your winnings.
However, when it comes to withdrawals, they are not the fastest available option as cashing out via them can take up to 5 working days. Also, sometimes transactions via credit and debit cards may incur fees. To use your card, you need to reveal its number to the casino of choice.
The most popular cards include Visa, MasterCard and Maestro.
Online casino players love e-wallets as they allow them to move their funds swiftly and without extra costs. What’s more, these kinds of transactions are carried out externally, meaning that you don’t provide the operator with your credit card or bank account details. What you need is an account set up on the official e-wallet website. The chosen e-wallet functions as a link between your casino account and your debit/credit card or bank account.
The most popular e-wallets include PayPal, Neteller, Skrill, MuchBetter and ecoPayz.
Just like their name suggests, prepaid cards allow you to spend a predetermined amount of money. They are safe and convenient as you don’t need to share your financial details with the casino. Instead, you will only enter the amount you want to deposit and the unique code. To use this method, you need to buy a card at local retailers or online. They come with amounts you pay in advance, which prevents you from spending more than you can afford. Unfortunately, prepaid cards don’t allow you to clear your winnings through them.
The most popular prepaid card is PaySafeCard.
In the last few years, cryptocurrencies have become popular, particularly among online casino players. Unlike fiat currencies, they allow you to perform transactions without a mediator, which reduces the cost of operation. Not only that you will move your money without fees, but you will also do it as fast as possible, in a few clicks or taps only. When using a cryptocurrency, you don’t have to worry about safety either. All your sensitive data remains private. The only detail you need to provide to complete your payment or withdrawal is your crypto wallet ID. This is one of the main reasons Bitcoin casinos are becoming more popular.
The most popular cryptocurrencies include Bitcoin, Litecoin and Ether.