Payment methods are one of the crucial features of any online casino platform. Many players have a clear preference for a given payment method over another. Some users prefer quicker deposit methods, to start playing right away; others prefer the traditional methods, which they are used to.
If you’re going to register on any online casino platform, the company must provide the payment methods of your choice, both for deposit and withdrawal of winnings. Moreover, some platforms are more restrictive than others regarding their withdrawal methods, and that should also be considered.
Check out a quick list of the most common payment methods used by online casinos.
Bank transfer is the simplest of the methods, but that doesn’t mean it’s the best. Bank transfers are hard to manage for casinos. That’s why they usually apply taxes to discourage its use. And the security measures of banks means money can take days to reach your casino user’s account.
Credit cards are now considered the ‘classic’ way of deposit in online casinos. Millions of people are quite used to them and consider it a simple way to operate. However, some clients don’t feel comfortable giving their card data to an online casino.
Electronic “wallets” are no longer a novelty. The user connects a bank account to an e-wallet account, tops up some money, and then sends money to other users. Casinos are increasingly accepting services such as:
Withdrawals can be made for the same e-wallet account. It’s safe and practical.
The user buys a pre-paid card, such as Paysafecard, and then uses its unique reference to transfer the corresponding money to their casino account. However, the withdrawal of winnings can’t be made back to the card, of course.
The percentage of online casinos accepting Bitcoin or other cryptocurrencies as a deposit method is rather small. However, Bitcoin, due to the use of blockchain technology, is the safest method. For Bitcoin miners or traders, this could be a good way to use the cryptocurrency.