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A Comprehensive Guide to Online Casinos Transaction Methods

One of the most overlooked elements of an online casino is having a number of payment methods. In this post, we will be looking at some of the most common online casino transaction methods

Credit and debit cards

These are among the oldest methods of payment for goods and services online. This was the first payment method to be accepted by online casinos.

Not all debit and credit cards are work the same. Some are better than others, whereas others are only on hand to players who come from certain part of the world. Here is a list of major credit cards accepted by mots online casinos:

  • MasterCrad

This is a very popular card used for payment. It comes both as a debit card and credit card. As far as online casinos are concerned depositing will not be an issue in most cases. However, it is not possible to withdraw funds back to your MasterCard. This means that you will need an alternative withdrawal method if you have to use MasterCard

  • Visa

This is not only one of the most common but also the best credit cards. Unless your country prohibits the banks from processing online casino transactions, you shouldn’t have any problem withdrawing and depositing using Visa.

  • Visa Electron

The difference between visa and visa electron is the latter is a debit. This means that users shouldn’t have any problem making deposits to online casinos with their Visa Electron

  • American Express

American Express is a credit card that many online gamblers have in their wallet. Deposits with this card is will basically go effortless; however, there are only a few casinos accepting American Express

E-Wallet

Electronic wallet, or shortened to e-wallet, is very popular with online gambling. This is because of a number of reasons. Here are few e-wallets that are being accepted my most online casinos:

  • Skrill

This is basically one of the safest and largest e-wallet you can find out there. Nearly all online casinos accept payments made through Skrill as deposits and withdrawals.

Whenever you want to deposit finds for gambling in the future, simply fund your Skrill account with the amount you wish and you can easily move the funds anywhere you like

  • Neteller

Neteller is one of the fastest, reliable and old-timersin the world of electronic wallets. Neteller combined with skrill a few years ago and these days, you can easily moce money between the two e-wallets, although you will have to pay a fee.

  • Paypal

This is one of the oldest e-wallets you can find online. For a long time, they did not support any transactions that associated with online casinos. But today, players from all over the world can use this payment method to achieve their gambling goals.

  • Citadel

Citadel offers instant banking solutions for users to pay for onlne casinos. The e-wallet is regulated by the UK Financial Conduct Authority. This gives it an extra level of trust. Although Citadel is a somewhat different when compared to other standard e-wallets, it can the perfect method funding almost any online casino account.

  • Ecopayz

This is the most admired payment method and you will find that most online casinos accept it. It is very simple to set up an account this particular e-wallet as the whole process only takes a couple of minutes

Prepaid cards

Prepaid cards are another suitable and popular payment method for online casinos. This method also has its own advantages; therefore, it is up to you to determine if this is the right payment method for you.

Here are the different types of prepaid cards you should know:

  • Paysafecard

Paysafecard is the most popular prepaid card accepted by almost all online casinos. It works as a regular debit card for all your money transaction needs. However, it cannot be used for withdrawals and it can only be used provided the funds you have loaded last. Once the money is spent, you cannot reload the card. You will have to buy a new one.

  • Prepaid visa

In one way or another prepaid visa cards work like Visa debits cards. And unlike Paysafecard, this card can be used again and again. You simply need to get it loaded and you are good to go

Since it is similar to Visa, you will not be able to withdraw to Prepaid Visa card. That means that you will have to look for an alternative method for cashouts.

Other online casino transaction methods

  • Bank transfers

If you don’t have a debit or credit card and also no access to other online casino transaction methods, then you will want to go for the simplest of them all-bank transfer. However, bank transfers are generally used for withdrawals. But you can actually find banks casinos that accept deposits through bank transfers.

 

 

 

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