Casino Banking Methods

Online Casino Payment Methods

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Online casino payments might not seem like an important part of a casino lifestyle, but they are actually vital. Money has to go into the casino account and out of it, and you’ll need a reliable service for that. And by reliable, we mean an online casino payment method that’s fast, secure, and easy to use. The choice of payments greatly affects the entire experience, and things can quickly turn sour if you pick them wrongly.

We at Best Casinos understand that funding the account is one of the most important aspects of the players’ experience. Hence, we have reviewed a large number of available online casino payment methods and carefully assorted them for you.

Our team investigates and reviews many payment methods, including debit and credit cards, e-wallets, prepaid cards and bank transfer options. We also include payment systems enabling mobile payments and even cryptocurrencies. You have the option to filter the results, so feel free to use it for better results. For example, by using the sorting option, you can view only certain payment methods, such as e-wallets.

At Best Casinos, you will also be able to see the respective rating of each featured payment method that we reviewed. The ratings are expressed in percentage points, where 100% is a theoretical maximum that the payment method might get. If you like, you can choose to sort methods by rating so that the most reliable methods, as ranked by Best Casinos, will appear on the top of the page.

Online Casino Payment Methods Guide

Besides providing full casino payment reviews, we also like to keep you informed about changes and updates. You will be the first to learn about a new method joining the market or a popular one updating guidelines.

There are also many other things to keep in mind before placing the first deposit. First, you need to know which banking services are available in your region or country. Most banking options have geo-restrictions, which means they aren’t available just about anywhere. On the other hand, some focus primarily on specific markets, thus creating special promos targeted at residents of said markets. Naturally, most banking services work globally, so you use them regardless of your location.

When you establish that the option is allowed in your country, you can start exploring other aspects of it, such as processing times and fees. Most online casinos do not charge anything for using banking, and it would be silly to do so. But that has nothing to do with financial service providers or banks. They can still choose to impose fees for transfers, fund storage, or currency conversions. Don’t worry; you will find all the necessary info about potential fees here at Best Casinos.

Processing times are self-explanatory. Who likes to wait for their money for days? No one, that’s who! Hence, why would you pick an option that takes close to a week to deliver the money when you can have it in less than two hours? E-wallets and cryptocurrencies, the newcomers to the financial market, give you such perks. Fast cash withdrawals, free of charge and safe, are the new black. Explore the best online casino payments and read more about banking in our guide below.

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Casino Payment Methods

We always say that gambling operators have one golden rule they need to follow: always offer abundance. Abundance is often the go-to option for games and bonuses, but we think it also covers online casino payment methods. To ensure a safe and good experience, you have to have enough banking options. And we will help you with the choice with our casino payment reviews.

Following thorough research and careful considerations, Best Casinos provides you with the list of the best and most reliable payment methods for this year, according to our rankings. Use the filters to narrow down your search and find the best online casino payment methods for you. Pick the category you are interested in the most and browse away. You can explore common options such as credit and debit cards, prepaid, and bank transfers. There are also several popular mobile payment options that you can use on the go and cryptocurrencies and e-wallets.

Bank Transfer
RATING: 92%RATING: 92%
Company Name:
Various Banks
Headquarters:
Global
Launched:
1994
Payment Type:
Bank Transfer
Target Markets:
Europe, International
Fees:
Depending on Bank
BankID
RATING: 96%RATING: 96%
Company Name:
Finansiell ID-Teknik BID AB
Headquarters:
Stockholm, Sweden
Launched:
2002
Payment Type:
Bank Transfer
Target Markets:
Finland, Germany, Norway, Sweden
Fees:
None
Citadel
RATING: 91%RATING: 91%
Company Name:
Citadel Commerce UK Limited
Headquarters:
London, UK
Launched:
2000
Payment Type:
Bank Transfer
Target Markets:
Europe, International, Sweden, United Kingdom, United States
Fees:
None
Euteller
RATING: 85%RATING: 85%
Company Name:
Euteller
Headquarters:
Turku, Finland
Launched:
2007
Payment Type:
Bank Transfer
Target Markets:
Finland
Fees:
Percentage
Giropay
RATING: 84%RATING: 84%
Company Name:
Giropay GmbH
Headquarters:
Frankfurt, Germany
Launched:
2005
Payment Type:
Bank Transfer
Target Markets:
Germany
Fees:
Percentage
iDEAL
RATING: 78%RATING: 78%
Company Name:
iDEAL
Headquarters:
Amsterdam, Netherlands
Launched:
2005
Payment Type:
Bank Transfer
Target Markets:
Netherlands
Fees:
None
iDebit
RATING: 86%RATING: 86%
Company Name:
iDebit Payments Inc
Headquarters:
Toronto, Canada
Launched:
2006
Payment Type:
Bank Transfer
Target Markets:
Canada
Fees:
1.5 CAD/USD per transfer
Instadebit
RATING: 86%RATING: 86%
Company Name:
Instadebit
Headquarters:
Toronto, Canada
Launched:
2002
Payment Type:
Bank Transfer
Target Markets:
Canada
Fees:
Percentage
Klarna
RATING: 90%RATING: 90%
Company Name:
Klarna Bank AB
Headquarters:
Stockholm, Sweden
Launched:
2005
Payment Type:
Bank Transfer
Target Markets:
Europe, Finland, International, Netherlands, Norway, Sweden, United Kingdom, United States
Fees:
None
POLi
RATING: 76%RATING: 76%
Company Name:
POLi Payments Pty Ltd
Headquarters:
Melbourne, Australia
Launched:
2006
Payment Type:
Bank Transfer
Target Markets:
Australia, New Zealand
Fees:
Percentage
Rapid Transfer
RATING: 92%RATING: 92%
Company Name:
Paysafe Holdings UK Limited
Headquarters:
London, United Kingdom
Launched:
2016
Payment Type:
Bank Transfer
Target Markets:
Europe, International, United Kingdom
Fees:
None
Sofort
RATING: 82%RATING: 82%
Company Name:
Klarna Bank AB
Headquarters:
Stockholm, Sweden
Launched:
2005
Payment Type:
Bank Transfer
Target Markets:
Germany, Netherlands
Fees:
Percentage
Trustly
RATING: 88%RATING: 88%
Company Name:
Trustly Group
Headquarters:
Stockholm, Sweden
Launched:
2008
Payment Type:
Bank Transfer
Target Markets:
International
Fees:
Percentage

BANKING RATINGS EXPLAINED

RATINGS
DEPOSIT AND WITHDRAWAL SPEEDS: 10DEPOSIT AND WITHDRAWAL SPEEDS: 10
SETUP & TRANSACTION FEES: 9SETUP & TRANSACTION FEES: 9
ONLINE SAFETY & SECURITY: 8ONLINE SAFETY & SECURITY: 8
GLOBAL AVAILABILITY: 9GLOBAL AVAILABILITY: 9
TRUST & REPUTATION: 10TRUST & REPUTATION: 10

When it comes to rating casino payment methods we use the following criteria.

  • Speed of Deposits & Withdrawals – All players want to be able to deposit funds instantly and withdraw them as quickly as possible. That’s why the speed of transactions is highly rated at Best Casinos.
  • Setup & Transaction Fees – Nobody wants to spend extra money, that’s why customers prefer methods that don’t incur setup and transaction charges, or at least ones where the fees are as small as possible.
  • Online Safety & Security – Security is a vital issue and all players think that it is extremely important for their funds to be kept and handled safely.
  • Global Availability – Methods who are available throughout the world have an advantage over local payment methods.
  • Trust & Reputation – The way payment providers treat their customers and handle their transactions determines their reputation.
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More about Online Casino Banking

It is important to keep your options open when it comes to online casino banking. There are multiple options and it is up to you to choose the one that is most convenient for you. Some players would rather choose a method they already use, so they won’t have to go through extra hassle and register new accounts. Other players put transaction speed first, whereas for a third group it’s the low (or no) costs that matter most.

Either way, you have full freedom to decide what’s best for you. For some players banking is one of the most important issues and they are not willing to register at a given casino if it doesn’t support their preferred payment method.

What Is Important when Selecting a Payment Method?

As we said, each player has their own preferences when it comes to payment methods. First and foremost, the payment method has to be safe and reliable. All players are advised to stay away from dodgy payment methods.

Of course, it is also wise to choose a method which is legally available in your country and there are no obstacles for you to use it as a casino payment method. Fortunately for you, Best Casinos did the necessary research and you can check here, whether or not a certain payment method is available in your country.

It is good to check what are the terms and conditions for using a specific payment method at a specific online casino. For example, the online casino of your choice might accept you preferred payment method, but it might also impose high fees, or inflexible payment limits. Or perhaps, the method is accepted, but you can’t deposit in the currency of your choice. You need to consider these issues before choosing a payment method.

Top 3 Banking Options for Playing at Online Casinos

Even though players have their own preferences, we can still safely say that the following three are the best and most favourable payment methods for those who wish to play real money online casino games.

  • PayPal – This is the most popular e-Wallet in the world. PayPal is an American company that was established in 1998 and Elon Musk was one of the founders. You can register a PayPal account for free and link it to your credit card. You can make payments from PayPal for free, but there’s a 2.9% fee on withdrawals, plus a small flat fee. PayPal deposits are instant, whereas withdrawals may take between 3 and 5 days.
  • Visa and MasterCard – These are the most commonly used credit and debit cards and a huge majority of online casino operators accept Visa and MasterCard. If you already own a credit or debit card, you just need to select it as your preferred payment method. Deposits are instant, whereas withdrawals may take up to 5 working days. Many casino operators don’t charge any fees for using a credit/debit card.
  • Skrill – Another very popular e-Wallet, especially in the United Kingdom. Skrill offers fast and secure online payments. You can register a free account and link it to your credit card, or bank account. Deposits are instant, withdrawals may take few days. Depositing from your Skrill account to an online casino is usually free, so is withdrawing from a casino account to your Skrill, but if you wish to withdraw from your skrill account, to your bank account, you will have to pay a fee. The amount may vary.

There Is a Payment Method for Everyone

If you’re still not sure which method you’d like to use, don’t worry, there’s an abundance of payment methods and you will surely find the one that suits your needs. Just make sure that you know what you want and then will be quite easy to find it.

Frequently Asked Questions (FAQs)
How do you pay for online casinos?

To pay for online casinos, you must pick a casino payment method and start a new deposit request. Then, go through all the steps and deposit funds to claim bonuses or wager on gambling games.

Do online casinos use PayPal?

Yes, many online casinos use PayPal e-wallet for deposits and withdrawals. You can use PayPal to deposit funds to your casino account or withdraw cash once you complete wagering requirements. For more info about PayPal casinos and transfers, read our PayPal review.

What is the most used payment system in online casinos?

Currently, the most used online casino payment method is Visa. Players use their Visa credit cards and debit cards to transfer money to and from their accounts via deposits and withdrawals. Although this option takes longer to complete the transfer, it’s safe and reliable. Another popular credit card is MasterCard.

How long does it take for online casinos to payout?

This depends on the gambling operator. All operators must perform security checks and authentication before each cash out, and this procedure might last between two hours and two days. Before you sign up, check out payout times for the site in question.

What are e-Wallets?

E-wallets are electronic financial options that act as wallets that let you send, receive, and store money virtually. Digital wallets are faster and easier to use than most other services, so they’re quite popular. Some of the most famous e-wallets are Skrill, Neteller, and PayPal.

How do I deposit money into online casinos?

To deposit funds into your newly opened account, you first need a reliable payment method. Pick the one you want to use from the list of available options and enter the sum you wish to transfer. Go through the necessary steps and confirm the transfer. The money should appear in your casino account instantly, as deposits are usually instant.