The variability of payment options at online casinos developed, and if you’re still not aware of them, this online casino payment methods explained guide is for you! Safety in gambling is everything. Thus, the safer the method is, the better it is for all the parties.
Just a few years ago, the only method you could deposit your money into your account was via debit/credit card. Well, the reason was simply because it was one of the safest and quickest payment methods.
Nevertheless, today you have the great variability of options to pay! So, you can just choose the option you love the most and deposit your funds. However, with such options to pay, you have to make sure you got familiar with the payment options in detail. And paying attention to the payment methods at gambling sites will help you to ensure your safety at online casinos. Sites like Intertops and Bovada always use the safest methods of payment so you can stay calm about your security.
Don’t forget to read payment policies on the website you chose as well.
What You Should Know Before You Learn About Online Casino Payment Methods Explained?
Before we go directly to online casino payment methods explained, you should know how to choose a payment method. Sometimes, the more options there are, the harder it is to choose. So, these are the factors you should consider before you make a choice.
Speed of the payment process. Not all payment methods carry transactions out at the same speed. Some take you a few minutes, while others may take up to several days. So, make sure the option you picked is fast and won’t make you wait for so long.
Fees. At most online gambling sites in the US, you don’t usually have to pay extra fees for withdrawing your rewards. Therefore, try to stick to the websites where you don’t have to pay extra money for your prizes.
To keep it short, it’s always better to stick to the most convenient methods of payments.
But always read terms and conditions so that you don’t face any surprises later. There are some limitations and requirements that you should know about. And you won’t know them if you skip the terms and conditions part.
What Credit and Debit Cards Are Famous for?
So, we would like to start the list of online casino payment methods explained with the credit and debit cards. These payment methods have been around for a while thus, they have already established their reputation strong. You can meet the credit and debit card transfer method at almost all online casinos in the US. Usually, the sites don’t charge you fees when you use a debit card, but that might happen in the case of a credit card.
Visa. It’s one of the most used options to pay. Usually, gambling sites don’t charge fees for visa usage, but it’s always better to make sure by reading terms and conditions. Nevertheless, Visa operates slower than using E-wallet.
MasterCard. It’s also one of the most popular methods of payments at online casinos today. And the reason why it’s this popular is simply because it’s fast. Simple and convenient. Nevertheless, in terms of cons, it’s much similar to Visa payment. That is, the prizes withdrawal process may take longer than you wish to – around 3 to 5 days usually. And, if compared, you can see Visa payment at higher frequency than MasterCard.
Besides these two, you can also come across the American Express payment method as well as other popular payment options though.
Bank Wire Transfers Provide the Highest Level of Safety but There Are Some Things You Should Know About It
Next, among online casino payment methods explained, we are moving to Bank wire transfers. There are different bank wire transfers that lots of online casinos use today. It’s one of the most favorite methods of payment as well due to its high level of safety provided.
But that’s not nothing – you have to go through some processes to verify your ID. It takes some time, up to 7 days, but it’s definitely worth the effort. You might also pay extra fees that depend on the amount you are depositing or withdrawing.
Though Bank Wire transfers are safe and secure, they’re most popular in the areas where other payment methods aren’t easily accessible.
Reasons to Gamble With Cryptocurrencies
Though the number of such sites is not that high, you can still gamble with cryptocurrencies today! Cryptocurrencies are gaining higher and higher prominence due to its high levels of safety and security. If you learn where and how to bet with cryptocurrency, you’ll increase your safety at online casinos by several times.
One more reason to bet with cryptocurrencies is that the house edge in bitcoin games is lower.
Paypal Is Great but if You Love Using Bonuses It Might Be Not the Best Options to Choose
PayPal goes far beyond being just a payment method.
As we said, security is one of the most important issues in gambling. This is why gamblers love PayPal this much. It offers the highest levels of safety and security to you while gambling. So, it fully controls your money at the gambling site.
Online Casino Payment Methods Explained – Skrill
Skrill is also one of the most prominent payment methods used. So, you can come across Skrill more frequently than PayPal.
Skrill is just like other online casino payment methods explained above convenient and secure. You can freely use it for depositing and withdrawing your funds, nevertheless, there are some fees charged.