Exploring the Best Online Casino Payment Methods

Worried it’s hard choosing the best deposit and withdrawal methods? Did you know that some online casinos accept more than 20 payment options! If you’re looking for the fastest and most secure methods, you’re in the right spot! Keep reading to find out which are some of the best payment providers!

Last Updated on 14/05/2021 by Jonathan Cortis

Payment ProviderDeposit TimeWithdrawal TimeBest Casino Site
visa card casinosInstant4-6 business days888 casino
mastercardInstant4-6 business daysCasimba casino
PayPal CasinoInstant3 business dayswinbritish casino
Neteller CasinoInstant3 business daysluckland casino
skrill CasinoInstantInstantcasinogods
paysafecard logo InstantN/Akassu casino
ecoPayz casinoInstant3 business dayssloty casino
trustly casinoInstant3 business dayscasoola casino
Zimpler logoInstantN/Aplay uk casino
boku logoInstantInstantcasino cruise casino

visa casino payments logo

Deposit Time: Instant  

Withdrawal Time: 4-6 business days  

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mastercard logo

Deposit Time: Instant  

Withdrawal Time: 4-6 business days

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PayPal Casino Payments Logo

Deposit Time: Instant  

Withdrawal Time: 3 business days

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PayPal – The Most Popular Casino Payment Method

PayPal is one of the most popular deposit and withdrawal methods at online casinos. It is a top choice for both UK players and international gamblers. PayPal is, probably, the most popular e-wallet. Players’ using it are eligible to receive bonuses, can play some of the best games, and can leverage instant withdrawals. With the PayPal e-wallet, you’ll face some transaction limits, significantly higher than those of other solutions. See all Paypal Casinos

Skrill

Skrill is a huge name in the gambling industry. It’s one of the most secure e-wallets you can use. It can even be used without identity verification, although we’d advise you against it. Skrill offers swift deposits and instant transactions for withdrawals once they’ve been cleared by your casinos. The only more significant drawback is that its users are no eligible for bonuses. Aside from that, you can expect a lot of versatility. See all casinos that accept Skrill

Apple Pay

Although Apple Pay is available only for people with iOS devices, the e-wallet is quickly gaining traction. It’s backed by the reputation and reliability of Apple as a company and is great for UK players. You can use a wide range of Apple devices to deposit, including your phone and watch, without having to bear any fees. You can store up to 12 cards in your wallet and rest assured your financial information and resources are secured. See all casinos that accept Apple Pay.

Paysafecard

As far as prepaid methods go, Paysafecard vouchers are probably the most popular of them. The solution is widely available and accepted across Europe and the UK. When you use Paysafecard, you don’t have to link a financial source to your casino in order to deposit. All you need is the prepaid voucher and its PIN. The main drawbacks of this method are that it’s still not available for withdrawals at most casinos, and the voucher size is rather small. Browse PaySafeCard Casino Sites.

Trustly

The Swedish company Trustly quickly became a recognizable payment processor, especially in the gambling industry. It’s available in nearly 30 countries. It’s a dedicated European payment method. Its greatest advantage is that you don’t link a checking account with the casino. If your bank works with Trustly, you use it to transfer the money to the payment processor that makes the payment in your name after that. It’s the middleman in the deal. See all Trustly deposit casinos

ecoPayz

ecoPayz is another next-generation payment processor. It’s highly popular in Canada but is actually available in a wide range of countries. In its essence, ecoPayz is an e-wallet, you can use it in more than 40 currencies and deposit instantly at online casinos. The main drawback are the applicable fees you face when you top-up your ecoPayz account. Those depend entirely on the method you use to add funds to your e-wallet. Check out our top 10 ecopayz casino list.

Neteller

Neteller is another one of the most recognizable payment processors used by gamblers worldwide. It provides secure, safe, and fast transactions both in terms of deposits and withdrawals. Much like Skrill, it can be used without identity verification. But that’s one of the reasons most casinos don’t offer bonuses for players using Neteller. If you’re willing to pass on the bonus to acquire instant withdrawals, this e-wallet is a great option. See all Neteller casino sites

VISA Card

VISA is the most popular type of debit card you’ll find accepted at casinos. It can be used for instant deposits and to make withdrawals which, though, might take a couple of days. Its users are eligible to receive bonuses. If you’re not a UK resident, you might be able to use the credit card products by VISA to deposit and withdraw. Otherwise, you need a debit card linked to a current account. Browse the Best Visa card casinos for 2021.

Maestro

For every Mastercard client who doesn’t want to switch to VISA, there’s a Maestro card. This is the debit-card branch of the company. They are simple to use, enable instant deposits, and have several layers of protection. You’re also eligible to receive a bonus. If you’re in the UK, you’ll have to use a debit card like this because of the gambling-on-credit ban. International players can use other Mastercard products as well. Check out the top Maestro casinos

Boku

Boku is an instant-deposit method that doesn’t require registrations or maintaining accounts. Its services are available in more than 60 countries. The main drawback users of the method face are that it isn’t available for withdrawals and has small single transactions. You’ll have to choose a complimentary withdrawal method and, potentially, make several deposits, if you want to build a bigger bankroll. Other than that, you can count on both safety and convenience. See Best Boku Casinos

Zimpler

Zimpler has been growing fast as a payment service ever since it was established in 2012. It has more than 400,000 users, even though it’s operational in very few countries, mainly in the Nordics. Fortunately for us, it’s slowly expanding its operations. You can expect fast deposits and tight security. Still, it will depend on whether your bank can be connected through Zimpler. You’ll have to choose a different method for withdrawals. Check out our list of Zimpler casino sites

MuchBetter

MuchBetter is an e-wallet dedicated to online gamblers. They have a specific section for gambling featured on their website, emphasizing the advantages they introduce to punters. They offer extremely low handling fees for gamblers, allow higher deposits, and enable instant transactions. Players using MuchBetter casinos don’t have restrictions when it comes to claiming a bonus, either. The e-wallet has dedicated apps, as well, making your transaction management optimal and extremely fast.

Revolut

The British fintech giant Revolut was established in 2015, but it’s already taking the payments landscape by storm. It’s not as widely spread across gambling sites, but things are changing gradually. It’s enabled for both deposits and withdrawals. It’s especially suitable for people who prefer playing from their mobile devices. It’s a great digital alternative to traditional methods and bears a lot of similarities to others, balancing things out for new users. Check the full list of casinos that accept Revolut.

NeoSurf

Neosurf is another one of the most popular prepaid methods you can use to deposit at gambling sites. It works the same way as its competitors – all you need is to buy a Neosurf voucher from a physical location or online. Today, the service is available in dozens of countries, in even more stores. If you have a Neosurf account, you’ll be able to direct withdrawals to it, depending on whether your casino allows those.

Euteller

Euteller is a country-specific method for making casino deposits. Currently, it’s available only to players from Finland, but its popularity is significant there. Also, if you have an account with one of the Finnish banks partnering with this intermediary service, you can use it. The one most significant drawback players might face is the fact that it isn’t available for withdrawals. You’ll have to choose an alternative option for that. See All Euteller casinos

InstaDebit

InstaDebit is a dedicated banking method for Canadian players. It’s available to residents with accounts at Canadian financial institutions. It’s been extremely simplified to help you make deposits instantly. It’s widely available at Canadian-friendly casinos and is gaining traction among players. You can use it to initiate withdrawals, as well, although they probably won’t be instant. Players using InstaDebit are also eligible to receive bonuses which is great news since Canadian casinos have awesome bonuses.

Bitcoin

Bitcoin and alternative cryptocurrencies have introduced significant advantages when it comes to payments. Their popularity quickly helped them be introduced in online casinos. In order to use them, to purchase them in the first place, you’ll need a Bitcoin wallet. Once you purchase coins, you can go to some of the best Bitcoin casinos and use the method. Deposits and withdrawals are instant, with withdrawals taking a maximum of a few hours to be transferred. Check out bitcoin casino sites

What Types of Casino Payment Methods Are There?

There’s a huge variety of payment methods available at casino sites. Some have obvious advantages but not the flexibility of other methods. It can be quite confusing to make your choice. The challenge is boosted by the fact you have to be aware of deposit and withdrawal limits, geographical restrictions, and a multitude of other factors concerning identity verification and security. At some casinos, you might be able to find as many as 24 deposit options. Don’t get too excited.

Some won’t be available in your location due to local legislation. Others will be available for deposits, but the casinos won’t allow withdrawals to them. Such an example would be a prepaid method that uses a voucher, and no banking account is linked to it. In the end, about a dozen methods will be allowed to withdraw to, but not all of them will be available in your location. You should choose the options that suit you best. Whether it’s a combination of two methods to offset availability and time frames, or the same method for convenience, it doesn’t matter. You have to be satisfied with the conditions of being a client of those methods.

 

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Using Debit Cards at Casinos

Debit cards are probably the most widely spread payment method at casinos. You can find it at every major casino and most of the smaller ones. Of course, no self-respected card provider would agree to work with unreliable casinos, and that’s a good sign. The most popular debit cards you’ll find at gambling sites are Visa and Maestro. Sometimes, you can come across American Express. Deposits made using a card are instant, whereas withdrawal times take a bit longer. Once your casino clears your withdrawal request, it might take up to 5 days to get the money reflected in the account associated with your card.

Swiftness & Variety of e-Wallets

e-Wallets are the second most widely adopted methods you can use at gambling sites. Casinos usually allow both deposits and withdrawals to be made from and to them. Some of the most notable e-wallets are PayPal, Neteller, and Skrill. Usually, once a withdrawal has been cleared, e-wallets enable instant transactions back to your account. The main drawbacks are the potential fees you might incur when using the services of the e-wallet itself. In addition, some otherwise great solutions like Neteller and Skrill prevent you from claiming a welcome bonus. Casinos don’t offer them to these users for security reasons.

The Convenience of Pay-by-Phone Casinos

Pay-by-phone casinos are rather rare compared to the mainstream options. Especially in the UK, they raise questions since it’s considered to be a form of gambling on credit. In its essence, this is a super-fast method to deposit. That’s why more casinos are adopting it every day. What you do is you actually credit your deposit to your phone bill. This delays the actual payment while you can start real-money gambling immediately. That’s why it’s considered gambling on credit and frowned upon. There’s no control over how you’re paying your mobile phone bills. In addition, withdrawals are not allowed through such a method.

Cryptocurrencies & Bitcoin Casinos

Cryptocurrencies are an innovation that took the gambling world by storm as well. Today, Bitcoin casinos are plenty. They accept several cryptocurrencies and offer suitable crypto bonuses for their players. Players’ preferences are gradually turning to Bitcoin and Altcoins for several reasons. Among them is the anonymous nature of cryptocurrencies. But also – the speed of transfers. Deposits happen within seconds. Withdrawals are also possible back to your crypto-wallet. Once the casino clears your request, you’ll see the amount in your wallet within a few hours. That and the encrypted nature of cryptocurrencies make Bitcoin casinos quite popular.

The Traditional Bank Transfer

Bank transfers are suitable for players who intend to have larger bankrolls. Wire transfers allow for higher deposit and withdrawal limits. Despite that, this method won’t be suitable for players who’re looking for instant transfers. Due to bank regulations and policies, withdrawals take time. When the casino clears your request, your money might take up to 8 business days to reflect in your bank account. Still, most casinos offer this method since it’s simple to use. You don’t have to open accounts with e-wallets or have a card. The transaction fees charged by the banks are usually smaller than the fees alternative methods might incur.

Bank Cheques – Outdated or Relevant?

Bank cheques are a familiar and established payment method. But it’s not as popular at online casinos. Although cheques are accepted widely, players tend to choose other methods. Everything happens on the digital scene today, whereas cheques are physical. You’ll have to fill out one and post it to the billing address of the casino operator. Depending on your location, it might take up to 10 business days for your deposit to be reflected. It’s a great method for those of you who don’t want to share sensitive information over the web. But is not the ultimate choice if you’re eager to start playing immediately.

Choosing the Best Casino Payment Option for Your

Choosing the right payment method for you is a crucial element of having a good time. We know you’re there for the fun and games, but hold it! If you fail to choose the right option, you might cause yourself headaches. It’s important to pay attention to a multitude of factors. For example, if you want to claim a bonus, you want to use a method that makes you eligible to receive the offer. If you want a bigger bankroll, you need to consider methods with higher deposit limits. If you insist on getting your winnings quickly out of your gambling balance, some methods would be more suitable than others.

Our team has considered these most important factors. You should also take them into consideration when choosing your payment method. They can help you determine what’s the best option for you. As we said, there are plenty of payment processors you’ll be presented with at gambling sites. Making that choice doesn’t have to be hard, just to be carefully made.

Consider the Minimum Deposit

You have to ask yourself what type of player you are. If you want to make smaller deposits but regularly, choose a method that doesn’t charge fees for handling your online transactions. If you want to make bigger deposits and don’t mind fees, use methods with higher limits. There are middle-ground options, especially some prepaid methods. They allow for significant single transactions, but not really big ones. At the same time, one method might be available for making deposits but not withdrawals. When making yours, you need to consider whether you’re okay with such a situation. It implies you’ll have to choose a second method to make withdrawals.

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Leverage Transaction Times

We mentioned it briefly, but it’s quite important to understand that. Transaction times will vary significantly from one method to the next. They also vary across casinos. That’s because every gambling site has its own clearing procedure. It usually takes between 24 and 48 hours, and then your withdrawal is transferred. If you want to offset these time frames, you’ll want to look for a method offering faster withdrawals – up to 2 days. Bank transfers and cards take between 6 and 8 days to get the money to you. But there, limits are higher, fees are smaller, or there aren’t any. Consider this carefully.

Limitations of the Methods

As we mentioned, you should consider your location when choosing from the available payment methods. Gambling sites often present all the methods applicable there, but probably not all will be supported in your country. Yes, you’ll have access to the most popular options. But as popular as some methods might be, they might not be available for your location. That’s all because of regulation. The most recent example is the use of credit cards by UK players. The UKGC banned this option in 2020. Even if credit cards are present at a casino, if you’re a UK gambler, you won’t be able to use them.

Fees to Consider

If you’re clear on the rest of the factors, the last important thing to consider are the fees. Most casinos don’t charge casinos for deposits or withdrawals, or if they do, they’re very small. But the payment methods you use might charge you additional fees for handling your payments. They can be fees for transferring bigger sums, for currency exchange, and for simply topping-up your account with the service. Every method has its own specific handling fees. And you’ve set your mind on a specific one, go check out its applicable fees to avoid any unpleasant surprises when you start using it.

Payment Methods for UK Players

Gamblers from the UK are among the luckiest when it comes to payment methods, even though they can’t gamble on credit due to regulations. The whole gambling industry is safeguarded by the UKGC, meaning players can use only vetted and secure payment methods. Coincidentally, they are the most methods, as well. The UKGC has also made it mandatory for gambling operators in the UK to provide unlimited withdrawals for their players. Gamblers must have constant and full access to the money in their gambling accounts.

Thanks to the regulatory frame, players in the United Kingdom have access to the best of the best. The most secure and trustworthy methods, like debit cards and PayPal, will be at your fingertips. Unfortunately, there are still people trying to go around the ban of gambling on credit using pay-by-phone services. The ban has been set in place with the sole purpose of protecting vulnerable players. If you’re okay with it, you can still have tons of fun at gambling sites. With the best payment processors being available as an alternative to credit cards, you won’t have any problems with deposits and withdrawals, if you join a trustworthy casino, of course.

Which Methods Make the Fastest Transfers?

You already have a sense of how most methods would work and what to expect of them. It’s to be expected you’d want the fastest solutions. Today, some solutions allow you to deposit on-the-go, request withdrawals, and receive money using your phone. Most options give you all that with a few clicks. The fastest options for online casino transactions can be easily identified. Those are the e-wallets. They’ve been developed for the sole purpose of making online transactions faster. At the same time, they match the security of other banking options.

Cryptocurrencies are the one method that can put e-wallets’ speed to the test. At Bitcoin casinos, the use of crypto wallets enables instant transfers. The lightning speed of transactions is in the nature of cryptocurrencies. They get cleared and confirmed from seconds up to a few hours, depending on the cryptocurrency you’re using. Those are great opportunities open to people who aren’t opposed to trying out something new.

Unfortunately there aren’t any UK casinos that accept bitcoin currently. That is why we recommend using Paypal casinos for fast transactions. Card transactions and banks do their best to speed up transactions. They can’t compare to the speeds of e-wallets and cryptocurrencies but are great in terms of security if you don’t mind waiting for a couple of days.

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Payment Methods FAQs

Can I Use Someone Else’s Deposit Method?

You could, but it’s not recommended. Many casinos require you to verify your account and banking solutions. Especially when making significant withdrawals. If your information and your banking details differ, that might cause problems. They strive to prevent fraud and make sure only the owner of the account has access to the account. But if you check out our list of payment methods, you’ll notice some that provide anonymity. Others are quite simple to use, even if you had to open an account for yourself.

Is My Card Information Compromised at Casinos?

Casinos strive to provide security for their players. Banking methods prioritize safety as well. Problems might arise only if you’re sloppy with choosing your casino. That’s why you have to make sure of two things – only play at licensed and regulated casinos, and make sure they have encryption. We’re talking about the SSL protocols (the padlock next to the website’s address) that indicate the casino encrypts information. Last but not least, never share your banking details with third parties!

Why Don’t Casinos Offer the Same Payment Methods?

There are several reasons for that, as we mentioned in our article. The leading one is local regulations. Some payment options might not be available in your country, and you won’t have access to them or won’t see them in the list of options. Another reason is the casino’s ability to establish partnerships with a variety of payment processors. In addition, the popularity of certain methods also determines their presence. There’s no point in featuring country-specific options if few or no players from that country gamble there.

Which Is the Most Secure Method I Can Use?

That depends on your own perception. Every payment processor out there puts emphasis on the security and safety of their clients’ money. All of the deposit options we’ve taken into account in our guide are considered to be safe. You can expect account verifications, identity confirmation, encryption, 2-step authentication with these services. Some are not even linked to your banking accounts. As long as you’re gambling at a safe casino, you can expect to have access to the safest transaction methods possible. Which one you’ll choose is a matter of personal preference.

Should I Verify My Identity with Deposit Methods?

Some payment processors don’t ask for identity verification. You can still use them to transfer money to and from them. The goal of identity verification is to provide you with more layers of security. But there’s another benefit, especially relevant to online gamblers. When you verify your identity, you can take advantage of higher account limits. You’ll be able to make bigger single transactions, store money, and receive bigger amounts. Verifying your identity with payment processors is bothersome sometimes. But it comes with its undeniable benefits.

Can I Use the Same Deposit Method for Withdrawals?

In most cases, you’ll be able to do that. Debit cards, bank transfers, and most e-wallets are enabled to receive payments. Thus, casinos choose to allow withdrawals back to them. In fact, it’s recommended that you use the same method for both deposits and withdrawals. In rare cases, for example, pre-paid options and pay-by-phone, you’ll have to choose a second method to use for withdrawals. You can combine them with using cards, bank transfers, or e-wallets.

How Can I Track My Transactions?

You can also take into account your bank statements. But if you’re using different methods to deposit and withdraw, it might be a bit bothersome. Don’t worry, every casino offers a transaction history right into your account. You can track the deposits and withdrawals you’ve made, along with their amounts. That will give you a pretty decent idea of how much you actually win and lose at your gambling site.

 

Author: Jonathan Cortis
Chief Editor
Jonathan Cortis was an avid online casino player. He had already been sharing and discussing experiences with a group of like-minded friends that had the same interest. And so it seemed only natural to take a fun hobby to the next level. Jonathan decided to create a website where he and his friends could publish reviews of the casinos they've played at.