Popular Payment Methods Online Casinos

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HomeCasino5 Best Payment Methods for Online Casinos – 2020 Guide

Visa cards are the most popular type of credit or debit cards to use at online casinos, and Visa is the most accepted payment method with it being universally available. Online Casino Payment Options Guide 2020 - E-Wallets,Cards & More. If you’re an avid gambler who’s trying to make the transition from gambling at a brick and mortar casino to gambling at online casinos, you have two things to consider; finding the best online casino to play at and online casino payment options to transfer your funds. If you want to know what they offer, as well as what are the most common payment methods, see your answers down below! Img source: freepik.com. Online casinos accept credit card payments; Credit and debit cards are the most common and popular banking methods everywhere worldwide. Some nonstop sites accept both Visa and Mastercard cards.

The Coronavirus crisis has drastically changed the daily routine of an average person. Indeed, things are slowly getting back to normal. However, many people are still afraid to spend a lot of time outside of their homes. Because of that, they would rather choose to enjoy some indoor activities. Some people would spend the entire day in front of laptop watching movies, playing online games, etc. Yet, more and more people are getting interested in online gambling.

This activity is useful for several different reasons. First of all, it makes our free time more entertaining. Despite that, it brings us the chance to earn some money. Many people will have financial problems after the crisis end. However, gambling is a good way to earn money only if you know what you are doing.

In other words, you primarily need to improve your gambling skills. Many people make the first steps without knowing some of the basic rules. They count on luck, but luck only comes when you truly deserve it. Besides that, people need to pick the best possible online casino for gambling.

Several different factors are showing which casino features professionalism. The most professional ones will always offer welcome bonuses to the first-time gamblers. Their goal is to provide them with the best possible experience. Additionally, the best one will always offer different payment methods. Well, this is the subject that we are going to analyze in this article.

Online casinos are expending their payment methods because they want to attract new people in that way. Imagine that you are perfectly satisfied with a certain casino, but you can’t play because your payment method is not approved. That would disappoint you and you would start looking for another online casino.

Enough talking; let’s find out the best payment methods for online casinos. Many new online casino owners will benefit from reading this article as well.

1. Visa

When you look closer, people in all parts of the world are using the services of VISA. Because of that, it is one of the payment methods accepted in the entire world. For a long time, it was the largest company of this type in the world. Yet, in 2015, China UnionPay took its first position.

The most popular VISA cards are debit cards, credit cards, and gift cards. The first two are acceptable payment methods for most of the casinos in the world. However, it is good to mention that these cards are not issued by VISA. Different financial institutions are using branded products to set rates and fees, issue cards, etc.

Anyway, most casinos usually do not limit their offer only on the VISA card. A good example of that is mrbet. Indeed, they had to listen to the demand of their customers. However, they added several other methods to attract people that prefer some alternative payment methods.

2. Skrill

This is another transfer money method that people from all parts of the world use. In most cases, they choose this method because of the low fees. The history of this company starts in 2001 when they were formerly known as Moneybookers. Since then, the value of the company went over 1 billion dollars.

We do not want to say that every person in this world will have the chance to use it. Skrill is “only” acceptable in 45 different countries. Yet, the services that offer are great for every online gambler. You can withdraw and deposit money from casinos, transfer money to other Skrill accounts, etc.

3. American Express

There is an easy way to realize if some online casino accepts this type of method. In most cases, you will see their logo on the landing page of the casino. If not, you will have to look for alternatives. We had to highlight this because Amex works for a limited number of gaming venues.

You might be wondering why would you use Amex if it is not allowed in some casinos. Well, the reason is simple – tradition and quality. Believe it or not, this company has a history of more than 170 years. They are always there to meet the expectations and requirements of all users including online gamblers. Because of that, using Prepaid/Gift and Credit/Charge cards are two options everyone can use.

4. Bitcoin

Being successful in the business world means that you are following the latest trends. When we talk about online casinos, they have two different options. The first option they have is to add the most modern games to their website. However, they also need to follow the most modern payment methods in the world. One of the methods that are acceptable in more and more casinos are bitcoin-based payments.

Indeed, this is a relatively new industry and many people still do not know a lot about it. Yet, we can’t deny it is becoming more and more popular in certain parts of the world. Many governments changed their laws because of Bitcoin and other digital currencies. Because of that, many businesses, including online casinos, had to adapt. A good example of that adaptation is Syndicate. This casino allows users to play slots and make Bitcoin deposits. They are meeting two rules that ensure quality. We recommend you check their website and see how everything around payments functions.

5. Wire Transfer

We need to make something clear about Wire Transfer. You can often see it under different names such as Direct Wire, Money Transfer, etc. However, all these names refer to the same deposit and withdrawal method. However, people mostly use them to withdraw their money than for deposits. Convenience and costs are two of the main reasons why people decide on this move.

The process of money transfer is easy for every user. You can transfer your money electronically with peace of mind. The entire process is supported by a strong designated secure system. Security is one of the things that all gamblers expect and that is the reason why we had to put Wire Transfer on this list.

Conclusion

All these payment methods have their advantages and disadvantages. Despite that, they are not the only ones. We recommend you don’t stop your research here and see which options you have. We hope that you will use them more for withdrawals.

Online casinos are one of the world’s fastest growing markets right now and the number of new online casino sites increases every year. As the casino market has rapidly increased in size, so have the number of payment methods available to players.

Popular payment methods online casinos for real

If you are a regular online casino player, it is good to know about the various deposit and withdrawal methods and the rules and fees that apply to each. We at Casinomir have therefore compiled a list of the best and most popular payment methods in the online casino industry.

Payment Methods for Online Casinos

Payment MethodTypeFeeGradeReview
Credit/Debit/Prepaid Card 0-1% 5 American Express
Bank Transfer 5
Bank Transfer 0-2% 4 Bank Transfer
Bank Transfer 0-10% 4 Bitcoin
E-wallet 4 Boku
E-wallet 0-4% 4 ClickandBuy
E-wallet 0-4% 4 EcoPayz
Credit/Debit/Prepaid Card 0-5% 4 Entropay
Credit/Debit/Prepaid Card 5 Invoice
E-wallet 0% 4 iWallet
Credit/Debit/Prepaid Card 0-4% 3 MasterCard
E-wallet 0-4% 5 Neteller
E-wallet 0% 4 PayPal
Credit/Debit/Prepaid Card 0% 4 Paysafecard
E-wallet 0% 4 Skrill
Bank Transfer 3
Bank Transfer 0% 5 Trustly
Credit/Debit/Prepaid Card 0-4% 3 VISA
E-wallet 0.8% 3 WebMoney
E-wallet 0-4% 4 Zimpler

Deposits and Withdrawals with E-Wallets

On this page, you will find a complete list of all the best payment methods accepted at online casinos and you can read comprehensive reviews about each method and compare them to each other.

E-wallets are by far the most popular payment method at new online casinos today and are usually the best option for players. Their main advantage is security. When you have an e- wallet account you can protect your personal and financial information from third parties.

In addition to this, if you have several credit cards, you can connect them all to a single e-wallet. Now you have multiple sources of money linked to just one anonymous account and your personal and financial information is well protected.

Some of the most popular e-wallets are Neteller, Skrill, and PayPal. PayPal is extremely well known, but this payment method is not that common in the online casino industry yet. When it comes to casino bonuses and free spins it doesn’t matter which payment method you choose.

Popular Payment Methods Online Casinos
E-wallets are by far the most popular payment method at new online casinos today and are usually the best option for players. Their main advantage is security. When you have an e- wallet account you can protect your personal and financial information from third parties.

Deposits and Withdrawals with Debit/Credit Cards

Sending money to online casinos via credit or debit card is very easy. This was by far the most common payment method at online casinos a couple of years ago. But, as we mentioned, e- wallets are now the most popular payment method.

If you choose a credit or debit card as your payment method, you will need to fill in the information that is printed on your card, including your name, card number, CVV-code, and expiry date.
Once you have filled in all the information on the card, just choose the amount of money that you want to deposit or withdraw. The most widely used credit cards in the online casino world are VISA, MasterCard and American Express. If you want to make a deposit with a credit card, just navigate to the deposit page at your online casino.

Choose credit card as your preferred payment method and indicate which type of card you have. The deposited money will appear on your online casino account immediately. The fee for credit card transactions varies from casino to casino.

Which Online Casinos Accept my Payment Method?

Before you start playing at an online casino, go to the payment setting page. Here you can see all the available payment methods, like e-wallets and credit cards. Every casino has different payment methods and many casinos only allow deposits form certain types of accounts.

Make sure that you know which payment methods are applicable before you start playing. The fees for the different methods also vary between casinos.

Each method has its advantages and disadvantages and you can find out more right here on Casinomir. In our payment method review, you can read all about each method, how it works, what the advantages and disadvantages are.

All payment methods work differently and the fees, as well as the deposit and withdrawal times, vary greatly. One very important factor to consider when choosing a payment method is the level of security. This is one of the reasons why e-wallets are so popular.

What is important when selecting a payment method?

It’s very important that you choose a payment method that you can trust. Online security is of paramount importance, especially when it comes to financial transactions. Many online payment methods have the same requirements as banks, which means that they are extremely safe.

Another very important factor to consider when choosing a payment method is the fees. The fees vary from casino to casino and between payment methods. Make sure that you know and understand the fee structure before you start playing.

Which Payment Methods are Safe and Secure?

All the of the payment options that we recommend at Casinomir are safe and secure. Some however, are safer than others. As an example, if you lose your debit or credit card someone else can use your credentials. Other payment methods like e-wallet requires a personal password which makes it a lot harder for people to steal your money. The great thing with e- wallets is that you don’t have to hand out any personal or financial information to a third party, making them the safest payment method at the moment.

Which Payment Methods are faster?

E-wallets are generally the fastest payment method at online casinos. They are designed for instant use and they are fully optimized for speedy deposits and withdrawals. However, credit and debit card payments are also very quick. The answer to this question is that it depends on which online casino you are playing at.

Should I Choose an e-Wallet over Debit or Credit Card?

It comes down to personal preference. Some people prefer not to share their personal and financial information with a third party. For these people, e-wallets like Neteller and Skrill are great alternatives. However, others prefer to stick with what they know and trust, and debit and credit cards are easy and simple to use.

Do I Need to Own a Credit Card?

You don’t need to own a credit card to make deposits and withdrawals at online casinos. E- wallets like Neteller or deposit cards like Paysafecard are currently extremely popular payment methods at online casinos.

How are Casino Winnings Generally Paid?

Winnings are generally paid back in the same way as you made your deposit. However, for some payment methods, like Paysafecards, it isn’t possible to do a withdrawal and some online casinos only permit deposits from certain payment methods but not withdrawals.

If you used a credit card to deposit money you might only be able to withdraw the same amount. Every casino is different, so before you start playing, make sure you familiarize yourself with all their various deposit and withdrawal options.

Does my Location Dictate the Choices I Have?

Different countries have different regulations and laws governing online casino payments and this will affect the payment methods that are available to you.