The topic about the best casino payment methods has always been important to players but more often than not, they find themselves wondering how to pick up the best deposit/ withdrawal method. To save you the mundane trial-error process, we have compiled a list of the most common questions regarding casino payments. For your convenience, we also outlined the most common payment processors accepted at European casinos.
Formerly known as Moneybookers, skrill is reportedly the most popular e-wallet for online casino deposits and withdrawals. On the downside, some casinos do not allow Skrill depositors to claim a welcome bonus.
PayPal is a popular e-wallet, available in a great number of countries. What makes it different from the other e-wallets is the strict gambling policy it operates. PayPal is available only at trustworthy, licensed online casinos
paysafecard belongs to the category of the so-called prepaid cards. You exchange your money for a PIN you enter in the required field to fund your online casino account. There is no need to share sensitive personal or banking information. On the downside, withdrawals to paysafecard are not always possible.
Neteller is one of the most popular among casino players e-wallets. Although it does not offer the lowest fees out there, it is still the top choice of players looking for simple, fast, and straightforward payment solution.
ecoPayz is an e-wallet that provides online casino players with the security and flexibility they are looking for. Keep in mind that only EU players can have an EcoCard. Non-EU residents cannot withdraw to ecoPayz unless they connect a credit or debit card.
Bank transfer is the payment method of choice of high rollers who consider the transaction limits of the other payment solutions too low. Players can deposit and withdraw huge amounts, but neither deposits nor withdrawals are instantly processed.
WebMoney is a global settlement system that provides customers with unparalleled security when it comes to making online casino payments. WebMoney is used mainly in Russia and the countries from the former Soviet Union.
Astropay is a prepaid card used for making payments to online casinos and merchants. You exchange your cash for a secret number you enter into the required field. Transactions are carried out instantly.
Boleto is a Brazilian online casino deposit method supported by the largest Brazilian Banks. It enables players to make secure online and payments, but the 3-day processing time is considered overkill by most casino players.
Euteller is a Finnish provider of online banking services that acts as a mediator between the bank and the recipient a.k.a the casino. It is the optimal solution to the online frauds and identity thefts as technically, Euteller casino deposits are anonymous.
Giropay is a German payment method, known for the high level of security and fast processing times. It eliminates the need for revealing banking information to the receiver of the payment thus minimising the risk of misuses.
Klarna is a Swedish payment solution popular in the Scandinavian countries, Germany, Austria, and the UK. The “Pay Later” and “Slice It” services are considered its most competitive advantages. However, none of them is available for online casino deposits.
Nordea is a payment solution borne out of the commitment of the Scandinavian banks to provide players with world-class services. Nordea is a common casino deposit method, but it does not support withdrawals.
Postepay is a prepaid reloadable card, commonly used in Italy. It enables customers to make fast and secure casino deposits and purchase Visa/ MasterCard-branded Postepay card for making payments at land-based establishments.
Sofort is a German payment method, supported by some of the largest local banks. It enables casino players to make secure deposits without revealing sensitive information to the recipient of the payment.
Yandex Money is an e-wallet, better known as the Russian rival of Skrill and PayPal. It allows fast and secure casino deposits, and in some cases, withdrawals.
Online Casino Banking F.A.Q.
To make a deposit, you need to open an account at a casino of your choice. The number of payment processors you find at the Cashier section depends on your country of residence. You select the preferred payment method and follow the instructions. With some rare exceptions, the funds are instantly transferred to your online casino account.
Please note that UK players must verify their identity within 72 hours of the account creation or else it will be frozen, and they will neither be able to play nor make deposits and withdrawals until they submit the required paperwork.
At first glance, online casino withdrawals seem like quite a straightforward process, but there are some caveats you need to be familiar with before you even consider opening an account. Here are the red flags you should look out for:
While the largest online casinos allow players to withdraw £10 and even £5, some casinos set a £100 minimum withdrawal. In other words, you have to keep playing until your real money balance goes over £100 to be allowed to request a withdrawal.
What’s worse, some rogue casinos do not allow new players who have claimed a welcome bonus, to withdraw winnings unless the amount they end up with is higher than the deposited amount. If we assume you deposit £100, claim a welcome bonus, and clear the wagering requirement, you will not be allowed to cash out unless you end up with at least £101.
Some casinos require players to play through their deposit 1-3 times before allowing them to withdraw funds. So, if you deposit £10, place a £1 bet, and hit £100, you will not be able to withdraw your £100 before you play through your initial deposit 1-3 times. This is considered a bit of a dodgy practice, but it is getting more and more popular across licensed casinos, which can be regarded as an indication that operators struggle with covering the enormous expenses for operating their business legally.
Legitimate casinos allow players to withdraw their own deposit at any time, but if they do that before the bonus wagering is cleared, they lose all their progress. Sounds fair. In comparison, some other casinos T&C state that players cannot request a withdrawal before a wagering requirement is met. So, if you deposit £100, claim a bonus, and decide that you are not going to clear the wagering, you technically lose your £100.
It depends on the payment processor you choose. Withdrawals to e-wallets usually take a few hours. Withdrawals to debit cards, however, require up to 5 business days. International bank transfers or checks may take even longer. If you’re looking for fast cash out check our guide for the fastest payout online casinos.
Yes, online casinos accept both debit and credit cards.
In most cases, casinos set the deposit/ withdrawal limits. If you are a high roller, you’d be better off depositing via credit/ debit card, or bank transfer. If you are nurturing a smaller bankroll, any payment method would suffice.
Depending on the casino you have an account with, you may have to adhere to daily/ weekly/ monthly withdrawal limits. If we assume that a casino has a £50,000 monthly withdrawal limit and you win £70,000, your win will be paid in two tranches in two consecutive months.
Players can also set their own deposit/ withdrawal limits. Some casinos, supporting the responsible gambling cause, also have a reality check option that reminds a player how long their gambling session is.
There are a few common reasons why you fail to withdraw your casino funds to a MasterCard:
Casinos require players to withdraw their winnings via the same payment method they used for depositing. If you have deposited via Skrill, you cannot withdraw to a MasterCard.
The other reason for a problematic MasterCard withdrawal is related to your place of residence. There are some countries where online casino transactions to/ from MasterCard are not processed.
Yes, the number of online casinos accepting PayPal is constantly growing.
Check out the year of expiration
Check if you have sufficient funds
If you have a Diners Club, American Express or Discover card, it might be declined at some European casinos.
Depositing at online casinos is as secure as purchasing goods at online retail stores. Your banking information is encrypted and inaccessible to third parties. For security reasons, you’d better avoid making deposits when connected to a public Wi-Fi. Also, you should never reveal your debit card information, or casino password to anyone.
Up to now, we haven’t stumbled upon a bank that processes payments on Saturday and Sunday. Even if your bank is open seven days a week, payments made late Friday afternoon will appear in receiver’s bank account on the next business day.
No, the name of the casino account holder must match the name of the e-wallet, credit/ debit card owner. Even if you make a casino deposit with someone else’s card, the casino management will find out the violation and your winnings will be confiscated.
Casinos themselves rarely charge a fee but when they do, it is negligible. However, banks might charge hefty fees fro processing your casino deposits and withdrawals. If you deposit/ withdraw funds in a currency, different from the official currency of your country, you will also be charged a currency conversion fee.