What is the best casino deposit option for me?
It’s 2018 and we can say with a high degree of confidence that depositing cash into your online casino account has never been easier. From Credit Cards to PayPal and eWallets, over time, the steady introduction and growing popularity of various new-and-continuously-improved payment methods have made our lives infinitely smoother, saving time and cutting the potential for hassle or frustration to an absolute minimum. While some payment methods are exclusively available to specific countries, others offer their financial services across the globe in a wider range of locations than ever before.
But now we seem to be faced with a (rather pleasant) problem: the tyranny of choice. Since the sheer range of payment methods available to player is so incredible vast, we wanted to make sure you’re up to date on all the latest ones and guide you through their pros and cons. With the help of this little walkthrough, we hope we can save you the hassle of going through the tedious process of trial and error to find the right one to suit your needs.
Naturally, you might not be able to access all of the deposit methods we discuss today, because of the fact that some of them are only available to players in a specific country. Let’s get started.
How do online casino deposits work?
Even if you are relatively new to the world of online casinos, you probably already know how to add funds to your gaming account or ‘wallet’. With any reputable casino, such as [CASINO NAME] or [CASINO NAME], depositing funds it always a straightforward procedure with no hassle whatsoever. Simply log in to your casino of choice, head over to the cashier page, and select the method you feel most comfortable with.
That being said, you should also know that the different methods on offer will each go through different procedures in order to complete the deposit and successfully add the money to your wallet. Some methods, for instance, might take you to your respective online banking account before moving to the next step, while eWallets will just ask you to enter your account ID or unique PIN code.
It is important to know that payment methods will facilitate an immediate transfer of your money into your account, while others might require a set period of time to elapse for the transfer to successfully take place.
Depositing Methods: Credit cards, eWallets, Transfers
We’ve already touched on the wide range of methods available to players nowadays. Older methods, such as credit, debit, or bank wire transfers, are still available to players today. These more traditional methods have, of course, welcome many alternatives to their ranks, including eWallets (e.g. Skrill, NETeller) and prepaid cards (e.g. Paysafecards or Neosurf), known for their particular focus on security.
There are also those products which function as an ‘intermediary’ – a go-between, facilitating the transfer of money from one place to another. These types of deposits are generally referred to as direct or internet bank transfers, and include popular options like eKonto or InstaDebit.
Alternately, some products might offer the option of using virtual credit or debit cards. This means that platers do not need their physical bank cards on hand to add funds to their wallet, which keeps things nice and convenient.
Popular Methods: the Pros and Cons
Now that we’ve discussed the range of payment methods available out there in general, it’s time to get to the specifics.
As one of the fastest-growing and most popular payment methods across a range of industries, PayPal is the tool of choice for millions of players the world over.
Pros: stress-free, straightforward deposits and withdrawals; quick pay-outs; used by most reputable casinos.
Neteller stands as one of the reigning champions in the eWallet kingdom. Over time, this method has earned the trust of players all over the world who want a no-frills way to transfer money.
Pros: super straightforward, no bells and whistles; fast pay-outs; highly secure.
Cons: fees charged per transaction; limits apply; relatively time-consuming sign up process
This Swedish mobile payment method was launched in 2016 by a team obsessed with giving players the best mobile experience possible.
Pros: ‘Choose your payment limit’ feature; easy to use; great interface; quick deposits
Cons: not widely available across online casinos; no mobile app version available.
MasterCard is one of the most well-known and most well-established payment methods in the world. MasterCard is generally accepted at most online casinos, and most players are already familiar with the process associated with it.
Pros: familiar; secure; recognisable logo; highly reputable; carefully-reviewed transactions.
Cons: 2-8% fee for withdrawals; slightly more time-consuming
Previously knowns as MoneyBookers, this reputable eWallet is known for being speedy, convenient and safe.
Pros: quick and secure; no need to re-enter card details each time; instant transactions; respected.
Cons: not yet as widely used as other eWallets (e.g. PayPal)
Also known as ‘AmEx’, this multi-national giant comes to us from the USA and is has a strong reputation for its quality and range of services.
Pros: cash back rewards; no pre-determined spending limits; secure; strong reputation
Cons: not as widely accepted as other cards; annual fees
Familiar to millions the world over and known for its security, Visa is used by the majority of European players. It’s actually the most popular payment method for both deposits and withdrawals!
Pros: convenient; easy transfers; high level of security
Cons: due to high level of security, the bank may block a transaction if deemed suspicious
One of the more ‘old-school’ methods, cheques are still around for players who, for some reason or another, have opted out of using eWallets or credit cards.
Pros: makes online casinos accessible to those who don’t use cards or eWallets; relatively secure
Cons: notoriously slow; outdated; not as widely accepted as other methods
The method formerly known as ‘Click2Pay’, Wirecard is a German credit card providerwhich allows users to make transactions through a virtual Mastercard.
Pros: similar system to PayPal; virtual MasterCard available once loading €10 minimum to account; physical debit card option available; free service
Cons: not available to US players; not as well-known as PayPal
Bank Wire Transfers
This is a fantastic alternative to credit cards and eWallets, especially if you’re a bit of a sceptic when it comes to online payments and security.
Pros: super-fast; reliable; secure
Cons: if you miss the day’s deadline for wiring funds, they won’t go out until the following day
Looking for online casinos with payment methods you can trust? Check out some of our top-rated and most trusted casinos today!