To play in online casinos for real money, future players must first and foremost think about the means of payment and possible withdrawal. This is because this is important so that they can play a game and easily withdraw their winnings. The choice of payment method depends on the options offered by the casino and the player’s preference. Discover the payment methods available in the majority of online casinos.
History of the Development of Online Payments
The development of online payments is essentially linked to the evolution of web technology, which has led to the emergence of many powerful digital tools in all areas, including banking and online gambling.
Online payments first appeared in online casinos in 1984, with the acceptance of debit cards. Initially, these cards were accepted only as a method of payment for deposits. Their popularity and security will eventually lead e-casinos to allow players to use it to withdraw their winnings after a victory.
Over the years and gradually, online payment methods will make their way on online gaming sites, and today, there are more than sixty grouped into several major categories.
Available Payment Methods
Most virtual casinos nowadays use almost all of the payment methods offered by traditional banks and online banks. Among these, players can access mainly the following categories:
Credit Cards
The credit card is undoubtedly the best payment method for playing on an online betting site. It is a convenient, fast and secure way for your financial transactions: deposit and withdrawal of money.
In addition, credit cards are widely available and very easy to use. They offer a more than interesting level of security, especially with operators like MasterCard, Visa and American Express.
However, it is important to note that providers refuse to insure (or limit the amount) of transactions with casinos.
Debit Cards
Just like credit cards, debit cards are among the most popular payment options at online casinos. They are suitable for both deposits and withdrawals.
Whether locally or on the internet, the advent of debit cards has greatly revolutionized the way we pay for our transactions. Associated with the bank account, your credit card, for example, allows you to deposit money instantly into your casino account before playing.
The main debit cards accepted by the majority of casinos for real money gambling on the net are Visa and MasterCard.
Electronic Wallets
To generalize, the e-wallet is a digital payment method that allows you to make purchases in stores or on the internet, to send or receive money. It is generally linked to a bank or prepaid card.
The electronic wallet can also be linked directly to a website that acts as an intermediary: in this case, you do not necessarily need to have a bank account to use it. Suffice to say; this possibility will be very useful if you are the subject of a banking ban.
Finally, note that some electronic wallets are even accessible directly on your tablet or smartphone. This is the case with Paylib and Google Pay, but especially PayPal, available at many online casinos.
The Bank Transfer
Almost all gambling platforms use this payment option. In particular, it allows you to transfer funds directly from your bank account to the casino by exchanging your account details. Banks carefully protect these transactions to keep your money and personal information safe.
Online bank transfers are widely available for all types of payments. They’re one of the best ways to transfer and withdraw funds online for real money gaming enthusiasts: they’re simple, convenient and straightforward.
Cryptocurrency
Crypto-currencies, for their part, are a bit of a particular means of payment. They are not yet widespread in the world, but you have some of the best online casinos that offer this option for their players to deposit and withdraw money.
Anyway, the democratization and the diffusion of crypto have generated a strong multiplication of these virtual currencies in recent years, with especially a rise in the power of Bitcoin and Ethereum, which we now find in the list of currencies accepted at some e-casinos.
To date, there are over 100 million cryptocurrency users around the world.
Popular Credit and Debit Cards
Visa
Visa is an American company specializing in the provision of credit, debit and prepaid cards through various banks. The Visa card, on the other hand, is the most popular of all payment cards used on the planet.
The Visa card offers a secure, fast, practical, efficient and simple payment solution. It is also easily accessible to everyone. This is an option for which the quality and security of transactions are widely guaranteed, which is why all casinos use it to allow you to withdraw your winnings with peace of mind if you win.
MasterCard
This brand is undoubtedly one of the most popular payment card manufacturers around the world. MasterCard offers high-quality service and has a very solid reputation. It collaborates in this direction with more than 25,000 banks and financial institutions in the world.
To play at the online casino, however, we recommend that you opt for an international MasterCard. There are some who are not. The international MasterCard has the advantage that it allows you, in particular, to benefit from insurance in the event of fraudulent use.
This payment method is a boon for online players: it is available for the best casino games, in premium service, for deposits and withdrawals and your transfers are highly protected.
American Express
Still known as AMEX, American Express is one of the largest banking companies specializing in the distribution of debit cards, premium credit cards and checks. Because of its convenience and the security measures it offers, this banking option is widely accepted online, including at some of the larger online casinos.
Gaming sites that accept American Express allow users to make safe deposits within minutes and withdraw winnings anytime, hassle-free. In addition, the AMEX app, available for iOS and Android, allows gamers to always be in control and have all the information at their fingertips.
Electronic Wallets
Many online casinos also allow the use of electronic wallets on their platform, whether to deposit or withdraw money.
Among the most popular, you have:
Paypal
Paypal enjoys great popularity because of the security it provides for the transfer of your funds and the full availability of its customer service (7 days a week, 24 hours a day). However, to benefit from it, you must necessarily have a Paypal account.
Not all online gaming platforms offer this payment option. But your Paypal casino is very advantageous because deposits and withdrawals are simple, fast and protected by SSL technology. And you can do them from your mobile.
Neteller
Neteller is an electronic payment service that has existed since 1999. This allows its users to transfer funds without exposing their bank details easily.
Neteller’s service is one of those that has almost no flaws. In addition, some online gambling establishments allow you to get a bonus when you use this option.
Skrill
Skrill is an excellent electronic payment wallet for betting online. In addition to offering free registration, Skrill allows its users to deposit and withdraw from gaming sites securely.
Apart from the checks required on first use, all transactions made from this digital wallet are super fast and simple. Be careful; however, Skrill reserves the right to charge fees in certain cases.
EcoPayz
EcoPayz is one of the most widely used electronic wallets in the world. Set up for international money transfers, this UK payment solution is used by millions of people around the world.
The opening of the EcoPayz account is free, and it gives you access to several practical, instant, fast, secure electronic payment options available, especially at the best online casinos: Classic, Gold, Silver, Platinum, VIP, etc.
How to Choose a Payment Method?
There are a number of things that you must necessarily take into account when joining an online casino. This is particularly the case with the payment method you want to use to make your deposits and withdrawals.
Regarding the selection of the payment method that will perfectly meet your expectations, here are the main aspects that should guide you:
- The list of payment options offered by your casino
- The possibility of depositing funds and accessing your earnings via an electronic wallet, a credit/debit card (Visa, MasterCard), a cryptocurrency (Bitcoin, etc.), bank transfer, offline payment, etc.
- The possibility of making your deposits and withdrawals with the same payment method (this is not possible in many online casinos)
- The conditions and restrictions related to your withdrawals via a given payment solution
- The security, reliability and speed of the payment method.
Conclusion
As you can see, the vast majority of online casinos offer different payment solutions these days. And depending on the case, some of these solutions are more optimized and much more accessible than others. We can cite mainly in this sense, credit cards, debit cards and electronic wallets for their simplicity, speed and the high level of security that they guarantee. Moreover, before choosing one method over another, always check that it is one of the options offered by your casino and, above all, follow the advice given above to the letter.