5 Types of Online Casino Payment Options

Online casinos always offer different payment methods in order to attract people from all walks of life.

21:58 15 February 2018

This is because every player has his own preferred payment option. It is normally influenced by different factors ranging from being convenient to safety. The truth is that you don’t even have to make a deposit in order to be eligible to free spins (ilmaiskierroksia). Most of these payment gateways adopt the same security measures used by banks and the charges varies.

A newbie can be confused due to the myriad of options that are available. Each method comes with its pros and cons. In view of this, players must carefully weigh their options before signing up at any online casino. Here are some of the popular payment options used by online casinos globally. 

 

1.E-Wallets 

Almost all online casinos have full support for this type of payment. More people are now opting for e-wallets because of the high level of security that it offers. Neteller, Skrill and PayPal are some of the popular e-wallets options. Anyone can easily create an e-wallet account. There is a guarantee that your information will be protected by the company and never shared with anyone else. This method is very safe, reliable and fast. In addition, the transaction fees for each deposit or withdrawal are usually low. 

 

2.Credit/Debit Cards 

 

It’s also very fast and efficient.People no longer use this method unlike before since e-wallets were introduced. To use this type of payment, the casino will request for details like your CVV code, card number, cardholder name and the expiry date. This type of payment is not supported in certain countries. The commonly used bank cards for making deposits and withdrawals in most online casinos are Master Card and Visa. 

 

3.Bitcoin 

Bitcoin is rapidly becoming one of the prominent methods of payment in online casinos. Many of these casinos are encouraging their customers to deposit with bitcoins. It’s really easy to set up a free bitcoin wallet on the internet. This global digital payment system enables people to carry out transactions directly with each other without any hassles. It is now used to purchase products or services online and can be exchanged for currencies too. 

 

4.Bank Transfer 

Bank transfer which is also known as wire transferis one of the oldest method of transacting both online and offline. It involves transferring money directly from your bank account to your casino account. Punters without credit/debit card or e-wallets still use this method to make deposits or withdrawals. It is slow when compared to other methods of payment. 

 

5.Prepaid Cards

Prepaid cards can come in handy when your bank doesn’t allow you to deposit with your credit/debit card. It’s a smart way to adhere to your deposit limits. They can only be used for making deposits. In view of this, confirm whether the casino have other options for withdrawing when you win. You can purchase prepaid cards at convenience stores.