Do you enjoy playing real money casino games online? If so, you will need to make a deposit into your casino member account. Luckily, this is a rapid and easy process. There are also a lot of different payment methods that you can use at online casinos for deposits and withdrawals.
All the different payment options allow gamblers of fastpay casino to use the method they are most comfortable with. However, we always suggest you review which payment methods each casino accepts before joining. Are you wondering what online casino payments methods are used the most? Read on as we discuss the most popular payment methods used at online casinos.
Most Popular Payment Methods for Online Casinos
Making deposits and accepting withdrawals from online casinos is very simple. Most online casinos have a good variety of payment methods to choose from. If you’re thinking about creating an online casino account, you might be wondering what online payments are accepted. Let’s take a look at some of the most popular payment methods to use at online casinos.
Bank Transfer
The most popular payment method used at online casinos is a direct bank transfer. With this payment method, gamblers can send money directly from their account to the casino to make a deposit and vice versa for withdrawals. There is no middleman in between, so customers usually don’t have to worry about extra fees or wait longer for the transaction to process.
Most online gambling platforms support bank transfers. This is good news for gamblers who aren’t interested in setting up an e-wallet account or learning about cryptocurrency. It’s also one of the most secure ways to make a payment to an online service. All banks use encryption for transactions. This ensures that nobody else can see the payment between your bank account and the casino. All information for the transaction will be 100% secure.
Credit & Debit Cards
Credit cards and debits cards are popular payment methods for online casinos and other online merchants. This is mainly because people are familiar with and comfortable with the process of using them for online transactions. Credit/debit card options includes:
- Visa
- Mastercard
- Discover
- Amex & more
While credit cards are the leading payment method for online transactions, some people may not be able to use theirs with online casinos. This is because certain banks that provide credit cards may restrict payments to casinos. If this is the case with your credit or debit card, the payment will automatically be declined even if you have the funds available.
E-Wallets
There are some gamblers that aren’t comfortable sharing their personal banking details with online casinos. This is why an e-wallet is a preferred payment method for many gamblers. There are several e-wallet services accepted at casino sites in Australia.
- PayPal
- Neteller
- Skrill
- Google Pay
- Apple Pay
- Neosurf
- Instadebit
- Ecopayz & more
E-wallets work as a third party payment method. Once you create an account, you can enter your banking details. Any time you want to make a payment online using the e-wallet, the service will process a direct payment through your bank. This is a great option if you don’t want casino sites showing up on your bank statement,
Cryptocurrency
If you’re looking at different casino sites and the payment options they accept, you may notice that more platforms are accepting cryptocurrency. This includes payment methods such as:
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin & more
More people are becoming interested in this payment method because there is more privacy with the transactions. A financial institution doesn’t monitor cryptocurrency. While there are still some concerns from users about the security of cryptocurrency payments, casinos have had a good track record using this payment option so far.
Some casinos may not accept cryptocurrency as a payment option but will accept digital money that the cryptocurrency has been converted to.
Prepaid Methods
Casino websites use secure methods to keep transactions safe. However, there are still many gamblers who are cautious about providing any of their personal banking details online. Luckily, there are still ways people can make payments to an online casino without having to share any banking information. Prepaid payment options make this possible.
Paysafecard is one of the top options for prepaid payments. Gamblers can get a Paysafecard at eligible stores and use cash to add funds to it. When they win, they can request a withdrawal on the Paysafecard and take it back to the store to collect the funds in cash.
Another option that’s accepted at several casino sites is prepaid gift cards or prepaid credit cards. However, you will need to check the casino’s withdrawal policy. Some casinos may not allow you to accept a withdrawal using a prepaid card.
What Online Casino Payment Methods Can I Use?
There are so many online casino deposit methods that people can use. While we covered the 5 most popular methods today, many more options are available. If you’re new to online gambling, one thing you should be prepared for is that every casino site will have different options. One site may have over a dozen payment options for you to choose from, while the next site you look at only accepts 3 or 4.
People who prefer to pay via bank transfer or credit card will likely be able to use these methods at nearly any casino site. However, if you have a specific e-wallet or another form of digital payment that you prefer to use, you may have to compare several casinos to find one that accepts it.
Best Payment Method for Online Casino Withdrawals
We strongly encourage readers to review a casino’s withdrawal policy before joining. This will let you know all of the important details, such as:
- What banking options are accepted
- The minimum withdrawal amount
- How long withdrawals take
- If there are additional fees for specific banking options
Now that we’ve gone through the most popular online payments to use at casinos, we should get into one of the most important details of withdrawals. It’s common for gambling sites to feature a wide variety of online casino deposit methods. But, when it comes to withdrawals, there are fewer options. If you have intentions of using a specific payment method online, always make sure the casino accepts it for both deposits and withdrawals.
Most gamblers prefer to use bank transfers or e-wallet services to accept withdrawals. These methods are quick, usually don’t have fees, and are trustworthy. Cryptocurrency also allows for fast withdrawals as well. If you prefer using a prepaid card but don’t see it listed on the casinos as a withdrawal method, you’re not 100% out of luck. Several casino sites offer cheques through the mail. However, the casinos that do offer this method typically only send out cheques for higher amounts. It’s common for casinos to require a $100 minimum or more for cheque payments.
What Casino Payments Should I Avoid Using?
Casino payment scams are very rare, but it’s something that every gambler should be cautious of. This is why you should always choose a payment option that uses encryption. Payments, such as credit cards, direct bank transfers, and reputable e-wallet services, all use encryption to ensure every transaction is secure.
If you’re interested in using Visa or Mastercard, experts recommend choosing a debit card over a credit card. This is because you will pay for deposits directly with a debit card. When people use a credit card for gambling, they could rack up debt quickly if they’re not careful.
Luckily, casino scams involving transaction methods are very rare. The casino scam that players should keep an eye out for is the deposit scam. When you make a deposit, it doesn’t get funded to your online casino account. To avoid this, you should only join licensed and regulated casino sites. All legitimate casinos will have their license and registration information on the website for members to view. Our information will keep you up to date on the best casino sites in Australia to help you avoid scams. Also, you can find information on the travel guides’ cast and everything about salary and living conditions.
Conclusion
Gamblers have several options to use when they want to deposit or request a withdrawal with casino sites. The most popular payment options are direct bank transfers, credit/debit cards, e-wallets, cryptocurrency, and prepaid cards. Every casino member will have a different preference. All 5 of these options are secure, easy to use, and provide quick payments. While these are the most popular options for payments, there is no guarantee that all 5 will be at every casino. Therefore, you should always review the payment options for deposits and withdrawals before joining a casino service.
