Payment Methods in the Online Casino
Most players want to play with real money in the online casino, with the result that they will deposit early. Even when it comes to payouts of winnings, an online casino’s payment methods come into play. So naturally, this is a crucial aspect of online gambling. It should be noted that not only should the gambling site be reliable, but also the payment options available.
We have tested the different methods and selected the best ones. Moreover, we will tell you which are the best online casinos that offer them. Not every online casino offers the same payment providers.
Safe casino payment methods 🔍
Each payment method has advantages but also disadvantages. Some sites offer an extremely convenient payment method, others are completely anonymous or have much faster payouts than their counterparts. To adequately evaluate the different payment options in relation to your personal needs, you should first ask yourself what exactly they have to offer you.
Trustly
This is just as basic as direct bank transfers. With Trustly you can speed up the transaction by advancing the money and requesting it from your bank in the meantime. Unlike some other options, however, it also allows you to cash out your winnings. Mainly Pay N Play casinos offer this option.
Credit Cards
Visa and Mastercard are the most widely used credit cards. American Express is also offered by some gambling sites, but is a lot less popular.
Credit cards like Visa have a credit limit. This is different from debit cards, such as Maestro. This simply means that Visa allows you to deposit more money than is actually in your account.
Paysafecard
A very popular payment method, valued in online casinos mainly because it is secure and anonymous.
Until recently, Paysafe could only be used for deposits. However, nowadays there is also a procedure for withdrawals at some provider. For deposits, it is a kind of voucher card whose code is given and with which the amount available on the card can be credited.
Neteller
Neteller and Skrill are a great alternative to PayPal as they are also e-wallets. Neteller acts as an intermediary between you and the online casino.
This payment option is considered very secure because you don’t have to provide the online casino with your bank details or any other information, only the username of your account.
Skrill
Like PayPal and Neteller, Skrill is also a true e-wallet. All transactions between your bank and the online casino are mediated by this e-wallet. This ensures that your deposit and also withdrawals can be made in minutes, if not seconds.
iDEAL
iDEAL needs no introduction. It is by far the most widely used payment method for Dutch-speakers worldwide and extremely easy to use. So it’s no secret that online casinos with iDEAL are very popular.
Bitcoin
Crypto currencies such as Bitcoin and Ethereum are also available at various online casinos today. Officially not a currency, what it is is an ideal means of payment for gambling sites. You can deposit your money quickly and anonymously. Things that many players (especially high rollers) really appreciate.
Which payment method should you use in the online casino?
Which casino payment method you should ultimately use depends on the following points, among others:
- Ability to deposit and/or withdraw
- Security
- Speed
- Anonymity
- User friendliness
- Limits
- Validity for bonuses
The following table provides a handy overview:
| Casino Payment | Payout speed | Min. / Max. Deposit | Deposit | Withdraw |
|---|---|---|---|---|
| Trustly | Direct / 1-4 days | €10 / €5.500 | Yes | Yes |
| Visa | Direct / 2-7 days | €10 / €6.000 | Yes | Yes |
| Mastercard | Direct | €10 / – | Yes | No |
| Paysafecard | Direct | €0 / – | Yes | Yes |
| Skrill | Direct / 1-4 days | €10 / €4.000 | Yes | No |
| Neteller | Direct / 1-4 days | €10 / €3.000 | Yes | No |
| iDEAL | Direct 1-4 days | €10 / €5.500 | Yes | No |
| Bitcoin | Direct / 1-4 days | €10 / €5.000 | Yes | Yes |
Security and anonymity or ease of use
The Paysafecard and crypto for example are completely anonymous for depositing money, but somewhat complicated to use. If anonymity is more important to you than ease of use, we think these options are an excellent choice for you.
E-wallets on the other hand are very easy to use, but have the big disadvantage that your credit card or bank details are stored with the e-wallet company.
Now, should someone actually get hold of your username and password (try to avoid this), ease of use is obviously secondary. This is also the case if you don’t want to remember too many login details. Each e-wallet requires you to make up and remember a few passwords. Writing these down may not always be a good idea, depending on your situation.
Limits, fees, and other considerations
Some payment options have limits that you cannot go over. If you are a high roller or have made a very high profit, these limits may be a problem for you. Related fees may apply to the payment method.
Even though depositing and withdrawing is free of charge, you may still have to pay a fee to transfer money from the payment provider to your bank. Another thing to consider therefore is how you intend to use the payment method outside the online casino.
Other things you may want to check:
- Do other sites and companies accept this payment method?
- Can you transfer money to yourself or others if they do not have an account with this payment company?
Moreover, it may be that your chosen casino does not offer your preferred payment method at all.
In the latter case you have to decide if the payment method is more important to you or if you want to play at a particular online gambling site at all costs (and thus are willing to switch methods).
Validity for bonuses
In some online casinos, certain payment methods are excluded from receiving bonuses. Unfortunately, deposits made via Neteller and Skrill are usually not valid for the first deposit bonus, nor for other promotions.
Frequently asked questions
💳 Can I pay in an online casino with PayPal?
Yes. However, PayPal is not really a common option in most countries. In Germany for example they stopped operating. Whether the service will return there remains to be seen. Until then, we recommend other online casino e-wallets that are certainly no less than PayPal when it comes to ease of use, security, and speed.
💳 What casino deposit methods are available online?
Generally the most popular deposit methods that you also use in everyday life. Like credit cards, direct banking providers like iDEAL and Trustly, as well as e-wallets and cryptocurrencies.
💳 How secure is my payment option?
Extremely safe. If you play at a licensed online casino it is almost impossible to use a payment option that is not secure. Gambling sites only work with verified and reliable payment companies. However, always double check that you are on a secure site with SLL encryption.
💳 Is there fraud in online casino payment methods?
Like any industry in which large sums of money go back and forth, the iGaming industry is not immune to evildoers. All the more reason why we only recommend casinos that are at least reliable and licensed.
💳 Can I also pay with my phone?
Yes, with some gaming providers this is possible. These are called pay by phone (bill) or SMS casinos and it’s very convenient. Be aware that the limits generally are a lot lower for this method.
