Published by
Robin Storm
on December 18, 2023
In today’s iGaming world, players can deposit and withdraw through various payment methods. If you’re wondering what type of banking option to use for your transactions, our guide to them can be of assistance. Join us as we provide an insight into choosing a payment method for online casino gaming.
We have an expert team at CasinoTopsOnline, whose job it is to test payment methods at online casinos. If you sign up to an online casino, then it’s ideal to know about the available payment methods provided by the site. Through our expert team, you can find out about these beforehand. To provide you with a great insight into the casinos featuring top payment methods, we analysed more than 500 online platforms.
This saw us testing methods like debit card payments, e-wallets, prepaid cards and vouchers, bank transfers, mobile payments and even cryptocurrencies. Our expert team of more than 20 people signed up to the casino sites and tested the speed of each depositing method, the process for transacting, how fast withdrawals were through each one, and the user friendliness of the payment methods.
When deciding upon a payment method to use for online deposits and withdrawals, you should look for options that suit your personal preferences. If you prefer higher levels of security, then e-wallets and prepaid cards are more suitable, whereas if you prefer familiarity, debit cards will likely work. Here are a few factors to consider when choosing a payment method for an online casino site:
The Payment Method Limits – Different payment methods have different deposit and withdrawal limits. Make sure your intentions for such are catered to by your chosen payment method.
Transaction Speed – It’s not uncommon for deposits to occur instantly, but different banking options have varying withdrawal speeds.
Additional Fees – In many instances, an online casino won’t charge you for transacting with it. Yet the payment method you use may impose fees, so check into this before deciding on one.
Bonus Qualification – If you’re someone who enjoys receiving bonuses, make sure your chosen payment method qualifies you for such. E-wallets and prepaid cards will often be disqualified.
You need to understand the different payment methods available before choosing one, and you can find out more about them below.
| Payment Method | Details | Best For… | Popular Payment Methods |
|---|---|---|---|
| Bank Cards | Credit and debit cards are well-known payment methods around the world. Some countries only accept debit cards rather than credit cards as well. Speedy deposits but longer withdrawals. | People who like the familiarity of using a debit or credit card. | Visa Mastercard American Express Discover Maestro Visa Electron JCB Diners Club |
| Cryptocurrencies | Provide decentralised, digital currency payments. Transactions are swift both in terms of deposits and withdrawals. High level of security due to blockchain technology. | Players who like to receive swift withdrawals from an online casino. | Bitcoin Bitcoin Cash Ethereum Litecoin Dogecoin Ripple Monero Cardano Binance Coin Tether |
| E-Wallets | Offer secure online wallets to upload money to and then deposit at casino sites. High level of security, as no bank details are exchanged with the casino platforms. Provide quick withdrawals but can often be omitted from qualifying for bonus offers. | People who like secure, speedy payments, but aren’t as fussed over receiving bonus rewards. | Skrill PayPal Neteller ecoPayz |
| E-Checks | Providing deposits and withdrawals through digital versions of paper checks. Popular at online casinos catering to U.S. gamers. Offer the chance to transfer higher amounts of money. | Anyone who wants to deposit and withdraw amounts beyond the norm can often do so via e-check. | ACH Direct Bank of America BluePay Citi eCheck Direct EPS FirstACH Moneris NPC Paychex PayPoint Sage |
| Bank Transfer | Takes money from your bank account and transfers it directly into your casino account. Often has lengthier waiting times for withdrawals to complete. Online bank transfers and fast bank transfers operate as alternates to bank wire transfers. | Those who like the familiarity of banking as well as the chance to transfer higher amounts, and who aren’t interested in receiving their withdrawals instantly. | Trustly Online Bank Transfer Fast Bank Transfer Bank Wire Transfer Sofort Interac Online |
Discover more about finding the best online casino payment method for you with these few FAQs.
Which is the fastest casino payment method for withdrawals?
How fast can I expect a withdrawal through debit card?
What is the best way to deposit at an online casino?
Before you sign up for an account at an online casino site, you need to be aware of the payment methods available to use. If a platform doesn’t feature a banking option that you find suitable, then it stands out as a casino that is unsuitable for you.
Make sure you remember to check the payment method limits, any applicable fees, how fast you can transact through it, and if you will still qualify for a bonus when using it. A casino payment method should feel comfortable to use for both deposits and withdrawals. Remember that when determining a site to sign up to as a gamer.
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