When it comes down to it, players must find a way to fund their online casino accounts to play the many games available. Once they have built up some winnings from the games they play, they then need a way to safely withdraw it to their bank account.
Therefore, it is crucial for players to become knowledgeable about the various payment options available at online casinos. When researching which online casino to use, the Casino Veteran recommends payment options as one of the key areas to look at. Checking out which payment methods players can use in their own country or which options are available to deposit and withdraw money (the options could be different, even at the same online casino) are just some of the things for players to consider.
What are the most popular types of casino payment options?
Naturally, when it comes to playing at an online casino, the payment options are quite wide-ranging. There are certainly a few additional options compared to playing at a land-based casino. The Casino Veteran has seen them all, and he is always on the cutting-edge of the latest developments in this area.
Here is his take on the most popular payment methods to use and their individual features.
-
Bank transfer
This payment method is one of the oldest in use and one that most people will be familiar with. This method involves money coming straight from players’ bank accounts to the casino when depositing and vice versa when withdrawing. The advantages here are that it is very secure and requires no additional actions by the players, as the money is simply transferring between their bank and the online casino. It is also great if players need evidence of a transaction, as the bank will have a permanent record. The downsides are that it is somewhat time-consuming compared to other methods, can involve high transaction fees and isn’t available in every country as an eligible method.
-
E-wallet
This online casino payment method is currently one of the most popular. In some ways, this is not a surprise, as it is a digital solution for an online past time. E-wallets are available with all the well-known payment processors that most online casinos will accept, including Skrill, Neteller and PayPal. The positive points here are that processing times are super-fast, so players can deposit or withdraw money with no delays. They are all also very secure, easy to use and accepted by most online casinos. In terms of negatives, some players are annoyed by the process of having to transfer money to them and then into their casino account. Players can also incur high transaction fees for larger transactions.
-
Bitcoin
This option is one of the up-and-coming payment methods that the Casino Veteran has noticed recently. For anyone not up to speed with cryptocurrency, bitcoin is a digital form of money that is not centrally controlled by any bank or government. However, not all online casinos currently accept bitcoin, so this is a negative factor for relying on it. Nevertheless, it does offer ultra-fast processing times and zero transaction fees on payments. In addition, a lot of the online casinos that accept it will give players great incentives to use it.
-
Credit card
Using a credit card is another old and secure way of making an online casino payment. Many players will be familiar with putting money in or taking it out in this way, as it has been around for quite some time. The thing to watch out for here is the high commission rates that some credit cards can apply when processing payments. However, this method is a very secure, fast and easy way to make payments when playing at an online casino.
-
Mobile phone
In addition to bitcoin, using a mobile phone is another innovation in making payments at an online casino. However, it is not surprising, as smartphones are becoming an increasingly useful tool in many parts of everyday life. When it comes to casino payments, players can fund their account or withdraw money very quickly and easily. The payment is either added to their phone bill or added as a credit to their account. It is also a very convenient way of making a payment. However, as with bitcoin, not all online casinos currently accept this payment method.
Make sure to carefully consider the payment method
When it comes to playing at an online casino, the ability to pay money in and easily make withdrawals is a key factor. After all, without an ability to do this, players will not have much fun. Therefore, getting to know the most popular payment methods is vital to making an online gambling experience as profitable and enjoyable as possible.
