Casino Payment Methods
When depositing at an online casino, maybe to redeem your casino bonus or free spins bonus, you’re faced with a variety of payment methods. What payment method you should go with may be a bit confusing, especially if you’re new to the world of online casinos. In this guide we’ll go through what payment options exist and what the pros & cons of each method are.
Finding the right payment method for you
If you’re playing at a big and established casino you usually don’t have to worry about whether transferring money is safe. You can rely on other players experiences and the reputation that the casino has and obviously want to maintain.
To make the choice of payment methods easier for you, we’ve listed the most common and the most popular payment methods. We’ll explain how the different methods work, what their pros and cons are and in the end we hope that you’ll find an option that’s best for you.
Traditional payment methods
The traditional payment methods are debit/credit cards and bank transfer. These are usually easy to understand, even for players that are new to online casinos as they’re commonly used even outside of casinos.
Debit/credit cards
When choosing to pay with your debit or credit card at an online casino it works pretty much the same way as when shopping at an online store. You simply choose what amount you’d like to deposit and fill in your payment details. If you’re playing at one of the bigger online casinos you can be certain that this is a safe method of depositing money. However, if you’re playing at a smaller and less known casino you might want to think twice before using your personal payment details. The reason for this is that it’s very important that the site you’re using is encrypting the payment details that you’re giving them. We always make sure to verify that the casinos we recommend does this, and that way you can feel safe knowing that the casinos on our site can safely be used with debit and credit cards.
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When paying with a debit/credit card your deposit is usually instant and will be available for use immediately. This means that you can start playing right away. So if you’re looking to get started quickly, this payment method may be the one for you.
If you’re using a debit or credit card it’s important that you keep an eye on your budget. Since depositing money is so fast and easy, it’s easy to get carried away. Using a credit card can also be a risk as you’re able to spend more money than you actually have, sometimes without even thinking about it. So make sure you set up a budget for how much you’re able to play for.
It’s important to remember that debit and credit cards sometimes have fees when depositing money. This fee will vary casino to casino so make sure you read what fees apply to the specific casino you’re playing at.
+ Almost everyone has a debit or credit card
+ Quick method – the money is available instantly
– Some casinos charge a small fee
– You share your payment details
Bank transfer
Using bank transfer as your payment method of choice is also a very popular decision. This usually has to do with the fact that it’s a very safe and simple payment method. Just like using your online banking to shop online.
Depositing via bank transfer will mean that the money takes a while before it’s added to your casino balance. At the same time, this also means that it’s easier to keep track of how much you’re playing for as you’ll be able to see your bank balance every time you make a deposit.
When paying with bank transfer you usually have to identify yourself, e.g. by 2-step verification. This makes it a very safe payment method.
+ Very safe & simple
– Takes a few days
Modern payment methods
Since traditional payment methods require you to provide your payment details, some people feel unsafe using the methods. Because of this, many modern payment methods allow you to stay anonymous when depositing at an online casino. They act as a middle hand that handles your payment details but doesn’t actually provide any details to the casino. Many of the major casinos, such as LeoVegas, offers most of the modern payment methods.
Skrill
Skrill is an e-wallet that can be used for most online casinos. When using Skrill you’re never sharing your payment details with the online casino. You sign up for an account at Skrill and deposit money into your Skrill account by debit/credit card or bank transfer. Once you’ve got money in your Skrill wallet you’re able to deposit money for your favorite online casino by simply accepting the payment using your Skrill details. A popular casino that accepts payments via Skrill is Casino Joy.
+ Quick method – the money is available instantly
+ No payment details are shared
– There’s a fee, but it’s very small
– Skrill isn’t available for all casinos
Neteller
Neteller is a popular option and works as an e-wallet. You create an account at Neteller and deposit money into your Neteller account by debit/credit card or bank transfer. You then use your Neteller wallet to deposit money on your favorite online casino. This way you never share your payment details with the casino.
+ No hidden fees
+ Quick method – the money is available instantly
+ Has campaigns and a VIP-program that gives you points that can be exchanged for money or gift cards
+ No payment details are shared
– May seeem complicated at first glance
Trustly
Trustly, formerly known as Instant Bank is a service that uses your online banking when depositing at an online casino. You don’t have to register an account at Trustly. If Trustly is an available payment method for the casino you’re depositing at, you simply choose Trustly and login with your bank login. Trustly works as a middle hand between the bank and the online casino. A casino that offers this payment option is the popular casino Dunder Casino.
+ Quick method – the money is available instantly
+ No payment details are shared
– Can seem more confusing than traditional bank transfer, even though it’s quicker
– Doesn’t work with all banks
Zimpler
Before using Zimpler you’ll have to create an account. Registration is done by phone, you simply submit your phone number and you’ll get a verification text. Each time you want to use Zimpler you’ll have to login via phone verification. This method is generally safer than most others, as it requires you to confirm your identity upon each purchase. By using Zimpler you also make sure that your payment details aren’t shared with the casino site.
+ No payment details are shared
+ Easy to use, even on your phone
– Zimpler isn’t available for all casinos
Paysafecard
If you’re looking for a fast and safe payment method then Paysafecard might be the best option for you. Paysafecard works as a virtual gift card. You purchase a card with a set value at your local convenience stores, and by using the PIN-code from your card you can deposit money instantly. This method assures that you’re completely anonymous throughout the entire process, as you never use your payment details. One of the casinos that accept Paysafecard is Casino Joy.
AstroPay Card
To get an AstroPay Virtual Card you’ll have to register for an account. You’ll then be able to deposit any amount you’d like starting at 10$ (~715₹). Once you’ve deposited an amount it’ll be available for use immediately. To deposit you simply choose AstroPay as your payment method and provide the details given to you by AstroPay. The money will then be drawn from your account and is instantly available at the chosen casino. One of the casinos that accept AstroPay card is Royal Panda. You can also check out our full guide on the method here.
Don’t forget – you can always change your payment method
When it comes to payment methods your choice is never final. If you decide along the way that you’d like to try another payment method, you can simply change it when depositing. We recommend trying a few and seeing which one works the best for you.
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Withdrawing money from your account
Before withdrawing money from your online casino account you’ll have to meet the withdrawal requirements of your site of choice. Most deposits, wins and bonuses come with a wagering requirement. Even the welcome bonus that you get when registering as a new member at an online casino. Here’s more information about welcome bonuses. A wagering requirement requires you to turn over your deposit, win and/or bonus a specific amount of times before you’re able to withdraw the money on your account. The wagering requirement varies from site to site, but is usually around 20-40 times the amount. Some casinos offer bonuses without wagering requirements, these can be withdrawn right away. Make sure you read the terms and conditions before accepting a bonus, so that you know what the bonus implies.
When you’ve met the withdrawal requirements and you’re ready to withdraw your money it’s all very simple. You simply choose one of the available methods, which usually are the same as the ones available when depositing and choose the amount you want to withdraw. The process of withdrawing money is very similar to the process of depositing money. Once again, you’re not stuck with your choice and you can easily change your method of choice at any time. There’s nothing saying that you have to choose the same method for withdrawing as depositing, although most players do. Some payment methods may be more beneficial for depositing, while less beneficial for withdrawals.
When it comes to withdrawing money though, some players feel that a middle hand isn’t as appreciated, as it usually slows down the process some. If this is the case, simply choose one of the methods with instant withdrawal.