The Importance Of Casino Payment Options
Before rushing off to sign up at the nearest online casino, it’s worth taking the time to find out about its casino payment options. It’s important to consider the casino’s bonus amount, mobile compatibility, and games variety. But casino payment options dictate how you can deposit and withdraw money – making them arguably more crucial.
Most operators offer a choice between several online casino payment options. If you have a particular one in mind, simply head to the page of that payment option to see the best online casinos offering it!
Most players who play for real money have a clear idea in their mind as to which casino payment option they want to use to make deposits. Even if it’s just going to be a simple credit/debit card transaction.
Ideally, you will have a separate account for your online casino gaming that you will be drawing money from. This could be in the form of a bank account with debit card, an eWallet, or even a cryptocurrency wallet. Although this is useful for managing and tracking your bankroll, it isn’t compulsory.
It’s arguably even more essential that the casino offers your preferred casino payment option for withdrawals. Don’t assume that if you can make a deposit using one casino payment method, you can also use it to make a withdrawal. In some cases, such as mobile phone payments, this is simply impossible.
Casino Payment Option Speeds
The various different casino payment options all have different speeds for deposits and withdrawals. Some will be instant, while others can take a couple of days to go through.
Typically, payments made to and from eWallets are the fastest. This is because an eWallet’s sole purpose is to be used for online transactions – it’s in their MO to make sure these are handled expediently.
Making withdrawals back to your debit or credit card, or via cheque, will understandably take a little longer. Checks certainly will, as they need to be mailed out to your address. One extra delay that you may experience the first time you withdraw is identity verification. Usually you just have to email the casino some proof of ID so they can ensure the payment is going to you and not someone else.
Types Of Online Casino Payment Options
As alluded to previously, there are a number of different types of casino payment options. For simplicity, we have split these types into five broad categories.
We have endeavored to display all of the popular and commonly used online casino payment options here on this page. Find your preferred one and head to the relevant page to choose from the best online casinos offering that payment option.
eWallet Casinos
These are some of the most commonly searched for types of online casino payment options. It’s hard to argue with the benefits of using eWallets to manage and top up your online casino credit balance.
First of all, it allows you to have a store of money completely separate to your bank account, which is typically used for day-to-day cash. This enables you to easily keep track of how much you have deposited and withdrawn over time, and prevents you from accidentally gambling with the monthly grocery money!
eWallets are also highly accessible, and convenient. In most cases, there are minimal requirements for gaining an eWallet account that can be used as a casino payment option. Their convenience comes from being able to simply log in to make your payment, rather than fumbling around for your credit card or typing complicated confirmation codes from intermediaries.
Crypto Casinos
Online casinos accepting cryptocurrencies have been growing in number ever since the Bitcoin boom in late 2017. With more and more people purchasing cryptocurrency and wanting to use it for online gambling, crypto casinos naturally sprang up to meet this demand.
The benefits of playing at crypto casinos are numerous. Firstly, there are usually no transaction fees whatsoever – meaning that the amount leaving your account is exactly the amount that arrives in your cryptocurrency wallet (and vice versa).
The other main reason people choose to use cryptocurrency as an online casino payment option is its inherent anonymity. Unlike a debit card, which is linked to a bank account, which is linked to your name and address, cryptocurrency allows you to make completely anonymous payments online. The casino will likely still need to know who you are and where your money comes from though, as they have their own regulations to follow.
Credit Card Casinos
Visa Casinos – MasterCard Casinos – Amex Casinos
Most often chosen by players who just want something easy and familiar when choosing between online casino payment options. Credit cards and debit cards are perfectly legitimate methods of depositing and withdrawing from online casinos, and are used to do so by millions of people every day.
The greatest benefit offered by credit and debit card transactions is the rock-solid protection they offer you against potential fraud. If something goes wrong with your payment, you won’t need to look far for their customer assistance team.
Also, it’s just easy. There’s no need to sign up for any extra accounts or remember passwords like with eWallet casinos, and certainly no need to delve into the complex world of cryptocurrency. Everything you need is right there on the card!
Phone Pay Casinos
Did you know it’s now possible to make payments using only your mobile phone? Thanks to a wave of new operators offering ‘carrier billing’ as one of their casino payment options, you can use this revolutionary technology to top up your casino account. You can’t use it for withdrawals however.
Simply summarized, these types of casino payment options take money directly from your mobile phone credit and send it to the recipient. If you are using a mobile phone with a contract, the amount you pay will be added to your monthly bill. Pay as you go users will need to ensure their phone has enough credit to cover the cost of the transaction.
The benefits of phone pay casinos are plain. It’s quick and easy, rarely requires any transaction fees to be paid, and saves you the hassle of setting up any extra accounts. These payment options do have strict spending limits however – this may be a positive or a negative depending on your viewpoint!
Intermediaries
Instadebit Casinos – Paysafecard Casinos – Trustly Casinos
These online casino payment options are less direct than the previously mentioned ones – with the exception of Trustly which is probably the fastest. Adding an extra step into the payment process increases the level of security that payment method offers. The trade-off for this is it slows you down slightly.
As well as providing additional security and protections, using intermediaries as casino payment options can also protect your identity. Paysafecard transactions for example are nearly impossible to track back to origin.
Intermediaries are certainly less popular casino payment options than those in the other categories. Despite this however, we have taken the liberty of reviewing some of the more commonly used ones and providing a list of compatible online casinos for your convenience.
What To Do If Your Casino Won’t Pay
First of all: don’t panic! It is important to know that it is not uncommon for online gamblers to run into some problems when receiving their withdrawals.
It is true that there are a few tricky casinos out there. Naturally, none of these casinos will appear listed here on CasinoGuide – all of our recommended online casinos are legal and regulated, and thoroughly reviewed.
Many will go through their entire online gambling lives with no issues, but some people are just naturally unlucky that way. And that’s when you need to know how to handle the situation.
Contact Customer Service
If a minor mistake of some sort has caused the delay, customer service should be willing and able to help you. If this doesn’t help, try the next tip.
Contact Casino Manager
If customer service cannot help you, this is your next available outlet. If the problem is a solvable one, they usually have the discretion to take care of it. Just tell your customer service agent politely that you would like to speak with the manager.
Software Dispute Service
Some (not all) of the bigger casino software companies offer dispute services between player and casino for online casinos that use their software. Check which software the casino uses, and go to their website directly. You will be able to find out there if they offer this service and what you have to do to file a complaint.
Legal Action
This should only be used as a last resort. Between customer service, the casino manager and the possible dispute service, there should be a way to resolve your problem. But if it is still not resolved, then it may be time to contact a lawyer.
Choosing Your Casino Payment Option
Finding the right online casino payment option from a choice of so many isn’t always easy. Here are a few scenarios which may make the decision easier for you.
Want to deposit, withdraw, and manage your money with a secure and well-known eWallet provider?
Want to simply make a quick and secure deposit without creating any new accounts?
Want to play using your cryptocurrency?
Want to make a small deposit that doesn’t link to your bank or require creating any new accounts?
Hopefully that helped you, but if not you can head back up to our types of casino payment options section to try again. Alternatively, head to our homepage for a list of the best online casinos operating legally in your region!
