The best online casino payments don’t necessarily have to be the most popular. Initially, when online casino payments were introduced, most people viewed them suspiciously.
Even top gamblers were also apprehensive. Initially, the question on the minds of many was “do online casinos really payout?”
Gamblers seem to have adjusted to the latest trend of online casino payment options, but what worries most players is the safety and security of their transactions.
No wonder in most reviews a FAQ that says “Is …. Casino safe?” will always appear. This article will give you a different outlook on online casino payment methods and more.
If you think depositing with cryptocurrency is the latest thing, then you have no idea. Keep reading to find out more.
- 1Basic facts about online casino payment methods
- 2Popular casino payment options accepted by online casinos
- 3Debit/credit cards
- 4Bank Transfers
- 5Neteller vs. PayPal
- 6Cashing Out Your Winnings: What You Need to Do
- 7Important Things to Consider When Depositing and Withdrawing
- 8Transferring money via offline payment methods
- 9Depositing and withdrawing using a cryptocurrency on an online casino
- 10Deposit or withdraw via your phone to your casino account
- 11Frequently asked questions about online casino payment options
Top Online Casinos with the Best Payment Methods in 18 May 2022 – Updated List
Basic Facts about Online Casino Payment Methods
Previously, making use of an online casino payment was like taking a risk. Then the whole idea of using online payment methods to deposit or withdraw winnings was still new. However, these days major changes have been made and online transactions are safer.
Let’s take a look at the basic facts that you must know.
- Usually, the difference between most online casino payment methods is the timeframe within which your winnings are released
- Not all payment methods charge a fee for their services
- E-wallet payment methods are the fastest but their fees may be higher
- Opening an e-Wallet account is free
- Bank transfers or Wire transfers take more time but they are safer
- Most online casinos prefer to use cheques to pay out huge winnings
- It isn’t always possible to withdraw your winnings via the payment method you used to deposit. Some online casinos such as those found on Bulgarian gambling sites prescribe different payment methods for withdrawal and deposit.
Popular casino payment options accepted by online casinos
An e-wallet is a digital payment platform where you can receive and send money online.
You can also withdraw money from the e-wallet platform to your bank account.
The most used e-wallets by best paying online casino slots are:
This payment option is very secure and is used by most online casinos as a deposit option. This method is also considered as an online casino mobile payment option because you can use it on your mobile device. The best payout casinos always use PayPal. You can also use the online casino PayPal withdrawal option, it’s faster and secure.
It is considered the most popular payment method that is used by most online casinos. Several online casinos also prefer to use this digital payment option to make deposits.
3. Eco card
This payment option is popular in Europe and Canada. You can also use the payment option to receive and send money. Casinos with the best payouts often use the Eco card as a deposit option.
4. Eco Payz
It is a modern deposit method. EcoPayz Casinos and ecoPayz betting sites are popular in Canada and Europe and allows you to fund your account with more than 40 currencies.
This is another e-wallet payment method used by several online casinos. It is safe, secure, and guarantees your privacy. The best-paying casino games often offer bonuses if you make your first deposit via this payment method. Your payments are sent via email. You will save a lot of time using this payment method. But for those payment methods, you can use also some exotic currencies, like Czech Koruna – CZK.
As an alternative, you may also head to new online bookmakers that accept iDeal.
A few years ago, some gamblers always asked this question “do casinos take credit cards?” To most people, credit/debit cards ought to be used to buy goods and services only.
You can use a credit card at the casino to fund your online account.
You can use these methods to fund your account or make withdrawals. The traditional credit/debit cards used by online casinos are:
MasterCard is accepted by the best paying online casinos. It is a safe, quick, and secure deposit method.
2. PaySafe Card
This prepaid card is used in the UK and Europe. Several online casinos within the UK and Canada make use of this prepaid payment. Retailers can help you top up.
You are offered a Visa prepaid card a MasterCard. It allows you to fund your Entropay account with several credit and debit cards.
4. American Express
This is another trusted payment option. It affords you increased transaction limits. Depositing money via this payment is widely accepted by various online casinos.
This deposit method is widely accepted by both online casinos and bingo websites. It requires crediting your winnings directly into your bank account.
Their two ways to do this:
1. Wire transfer
A lot of casinos allow you to deposit or withdraw funds directly from your bank account. This payment method is good if you want to withdraw or deposit large funds.
The internet has changed a lot of things. The typical paper cheque is no longer in vogue as such.
An eCheck is an upgrade from the paper cheque. Online use this payment method to payout large sums.
Cryptocurrency is a digital asset that is used as a means of exchange, read for more about our crypto betting guide. It is managed via an encryption technique known as cryptography. Top online casinos accept this medium of exchange. The cryptocurrencies commonly accepted are:
You can use this currency to purchase goods and services online. Previously, it was accepted by online casinos. The rapid awareness cryptocurrency has gotten also influenced its acceptance by various online casinos. Nonetheless, not all online casinos accept this payment option.
This cryptocurrency is also gaining more acceptance by the best payout online casinos. However, there are specific online casinos that accept this payment option, as well as the highly recommended Ethereum betting sites.
Neteller vs. PayPal
These e-wallets are the most used among online casinos. They are considered the online best online casino payment options.
Although they offer the same services, there are some similarities and differences. One interesting feature they have in common is that they are safe and secure. On the other hand, their charges differ.
The countries restricted by Neteller and PayPal vary.
In all, the focal point is that they are both safe and secure. While making use of them, you are sure that your personal information will not be stolen.
Learn How to Deposit Online: Your Step-by-Step Guide
Cashing Out Your Winnings: What You Need to Do
Withdrawing your winnings uses a similar process to online casino deposits. You should note that you may need to use the same option for both deposits and withdrawals when playing casino games online. In short, if you happen to play at debit card bookmakers and betting sites, then use debit cards for both. If you play at RoyalPay bookmakers and betting sites, or even Rapid Transfer bookmakers and betting sites, be sure to use those options for casino deposits and withdrawals whenever possible.
- Head over to the cashier page at one of our approved casinos.
- Choose your withdrawal method and select it.
- Enter your details (bank account, or e-wallet address, etc).
- Enter the amount you wish to cash out.
- Process the payment.
It may take anything from 24 hours (with e-wallets) up to five business days (credit and debit cards) to receive your winnings from the casino. The best sites won’t charge you a fee for this.
Important Things to Consider When Depositing and Withdrawing
There are a couple of things you need to make a note of when depositing and withdrawing at bookmakers. We’ve covered them for you below:
- You will likely be required to clear a KYC process. This ID verification process is required before you use banking options to cash out your winnings. It is not so prevalent at crypto casinos but is often found at Maestro bookmakers and betting sites and those that facilitate bank transfer, such as Trustly betting sites. But for the payment methods, the situation is different, you can find in small countries like in Georgia gambling industry, some methods are used only here.
- The deposit options available may vary from country to country. Check our best online casino reviews to see which payment methods are open to players from specific countries at top betting sites.
- Each payment method (and casino) may have its own deposit limits and withdrawals caps. Pay attention to these and make a note of them before joining a casino. Similarly, transaction times can vary. Making a deposit is usually instantaneous, and 1 min deposit casinos are an example of that. However, withdrawals can take time. Skrill bookmakers and betting sites can process cashouts in under 24 hours, but it takes a lot longer with bank transfers.
- Some payment methods cannot be used for withdrawals. This is bad news if you are playing at a top Zimpler online casino or a Paysafecard online casino. Even the best Zimpler online casino sites have options such as prepaid cards and pay-by-phone methods that can only be used for deposits. You’ll need alternative options to cash out your winnings.
- You will typically need to use the same payment method for both deposits and withdrawals whenever possible.
Transferring money via offline payment methods
Although most online gamblers have embraced online payment methods, some old-school players still prefer offline payment methods. Offline payment method like crediting your online casino account across the counter is still obtainable in most casinos. Continue with the method that suits you since you get a result.
The only advantage that online casino payment methods have over the offline method is the fact that you can carry out the transaction from anywhere.
How to credit your online casino account via an offline payment method?
Depositing and withdrawing using a cryptocurrency on an online casino
To deposit or withdraw using a cryptocurrency like bitcoin or Ethereum means that you must have these currencies in your wallet. The fastest payout online casinos allow the use of cryptocurrencies like bitcoin, Ethereum, etc. You can purchase bitcoin from an online merchant.
To deposit with a cryptocurrency is very easy. The process is similar to depositing with other currencies like the USD, EURO, etc. Any amount you choose to deposit will appear in your casino wallet.
1. Go to the deposit tab
2. Select the currency you want to use
3. Enter the amount then follow the instructions
The same thing applies to withdrawals via a cryptocurrency. If you are looking for instant payout casinos with the best online casino payments, register with a website that allows the use of cryptocurrency.
Top ways to pick the best payout online casino
It might interest you to know that not all the casino’s online payout winnings. You can read the reviews of most online casinos to see for yourself. Online casinos that pay winnings to their players on time have similar features. The best-paying casino has the following attributes;
Look out for an online casino that is licensed. This must be done before you register and deposit funds. An unlicensed online casino can make use of your details to defraud you.
2. The software developer
The best online casino payouts are carried out by those that are powered by reputable software developers. The software developer of an online casino could also determine the efficiency of the site. Always register with casinos that are powered by competent software developers.
3. Payment methods
A few paragraphs above, we listed the most popular and secure payment methods. If you don’t find at least one of those payment options in an online casino, then you are in the wrong place. The best payout casino games must provide one of those payment options to deposit or withdraw winnings. A fast payout online casino will make provision for a credit/debit card, e-wallet, or a bank transfer as a payment option.
4. Customer support
You might be wondering the role customer support has to play in finding the fastest withdrawal online casino. Customer support is the only medium to contact an online casino. So the best payouts online casinos must have reliable customer support service that is always available.
The best way to find out if an online casino pays out winnings is to read reviews. Although some reviews are fabricated, there are some reputable casino review sites online and sports reviews, such as Casollo sports. The best online casino fast payout sites always score high.
Sometimes the location of an online casino could also determine if it’s a good cash-out casino. Some countries prohibit gambling and they also make several legislations bordering on that. It will be very unlikely that you will get the best payouts online casinos in such locations.
Deposit or withdraw via your phone to your casino account
If someone told you a few years ago that this was going to be possible, you may have doubted and given reasons why it won’t work. You can deposit but not withdraw your winnings via phone from an online casino.
How does it work?
You can deposit through your mobile device to your online casino account, the amount is charged to your phone bill. To activate this process, simply provide your phone number to your casino of choice. Any sum amount spent on their site will be charged to your phone number.
However, currently, not all online casinos accept this deposit method. The pay by phone casinos is among the online casinos with no minimum deposit requirement. This is more like a gift to lure you into registering. Online slots that payout is also beginning to adopt this deposit method.
The following are the top bet using phone bill schemes that offer this service;
They are all safe and secure. The only disadvantage is that some don’t operate in certain countries or don’t allow withdrawals. Of course, you can make deposits with these methods into your sportsbook account too, at Trustly betting sites, Boku betting sites, Poli Casino, or Zimpler bookmakers for example.
Frequently asked questions about online casino payment options
The payment methods used by online casinos vary. However, some of the payment methods used online are categorized as e-wallets (PayPal, Skrill, Neteller, etc.) debit/credit cards (e.g. MasterCard, Visa Card, PaySafe Card, Entro Pay, etc.), wire transfer (bank transfer, eCheck, Western Union), and pay by phone.
This is the least amount a new player is expected to deposit after registering. Most often, when you make your first deposit, it activates your welcome bonus package. In most cases, the minimum deposit is between $5 to $10.
Usually, the highest casino payout is determined by their terms and conditions. Sometimes, if you win a jackpot, the total winnings will be paid instrumentally.
The cash out rules of a casino has to do with regulations governing your withdrawals. You may have to pay taxes in some cases. However, to find out more about casino cash out, go to the terms and conditions section on their website.
The timeframe to cash out your winnings depends on the withdrawal method you choose. In some cases, it takes just 24 hours to receive your winnings. However, other payments like cheque can take as much as 14 to 21 days. E-wallets and the debit/credit cards remain the fastest withdrawal methods.
The withdrawal limit of most online casinos is expressly stated in their terms and conditions.
You can make use of an e-wallet payment method. In most cases, it doesn’t take more than 24 hours to get your winnings. They offer instant withdrawals, their fees are higher than other withdrawal methods.
This online casino doesn’t allow gambling with real money. Nonetheless, the parent company of Double Down Casino developed the highest payout casino on the internet.
The best way to answer this question is to refer you to the subheading titled “Ways to pick the best payout online casino”. If an online casino can payout winnings, then to a very large extent it is safe to play there.
No, they don’t. What determines the payment method used by an online casino is often their location and target market.
Open an online casino account using a safe and secure payment method
Since the introduction of online banking, depositing, and withdrawing have been made easier. With just a few clicks, you can deposit or withdraw your winning without moving your feet. Although this new trend was initially taken with a pinch of salt, nowadays, it is the most used method.
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