Payment Methods

Learn about various payment methods available for online gambling, including e-wallets, bank transfers, credit cards, and cryptocurrencies.

Online Casino Payment Methods

Online gambling sites offer various methods for players to deposit and withdraw from their gambling accounts. Depending on your location, there are usually a variety of options available to you as a player. The United States and Canada have the fewest number of options available. However, there are still a few solid methods for depositing at online casinos and poker rooms.

Fast Transactions

Quick deposits and withdrawals with instant processing for most payment methods

Secure & Safe

Advanced encryption and security measures protect all transactions

24/7 Support

Round-the-clock assistance for all payment-related issues

Neteller

Online gamblers have known Neteller as the fastest withdrawal platform. They swear by its convenience. This popular e-wallet has provided gamblers with a fast and reliable service. This secure method of payment has proven to be more efficient than its competitors.

History

Neteller is managed by Paysafe, the same company that owns Skrill. Its gaining popularity day by day. Ever since its launch in 1996, Neteller has offered secure transactions to its clientele. Today, its currently in use in at least 200 countries in the world.

Advantages over Competitors

First things first, just like PayPal or even Skrill many casinos accept it. And this is not the best thing yet. Some casinos even offer bonuses to clients who play using Neteller. You don't want to miss out on these additional bonuses.

Making Deposits

If you're a proud owner of such an account, receiving or making payments is easy. On the payments page on your casino dashboard, choose e-wallets. Then, choose Neteller from the sub-menu that will be displayed. You will then fill in the required details. If you're in luck, no additional fees will be charged.

Customer Support

Neteller has a 24/7 customer service team that is available throughout the week. In case you have any queries or complaints – hopefully, there will be none. They are available on phone and on email.

Bank Transfer

There are different aspects and characteristics, pros and cons, of using the various services available for conducting online business banking and payment processing.

Key Considerations

  • Affordability: These services all have a way to make money for themselves, and you'll need one that is affordable to you and your customers.
  • Accessibility: Your clients could be located anywhere in the world; so the services must be equally accessible.
  • Currency and conversions: If you engage customers across country lines, you'll need currency conversion capabilities.
  • Security: Nothing is more important than the security of your accounts and the accounts of your customers.

Available Options

Direct transfer or deposit to the bank account is really fast and cheap, using existing accounts and processing transfers between them. However, problems often crop up when cross-border transactions and different currencies are involved.

Credit Cards

The most popular and convenient method of payment online is by credit card. Several other options are available to customers and sellers, but credit cards have established themselves as the most popular choice of payment method for online consumers.

MasterCard Specific Features

  • Immediate credit to your casino account upon deposit
  • Widely accepted at European online casinos
  • Mobile platform compatibility
  • Credit facility available during billing cycle

Security Measures

When you make a deposit, you fill in your CVV number, and it will automatically link to the card. The online casino compares the entered CVV number to the retained CVV number before approving the transaction.

iDebit

With iDebit, consumers are connected to their online banking systems. It employs bank level security to assure users great security as they pay. Both consumers and individuals enjoy great control over their funds.

How it Works

It enables users to make payments to merchants directly from their banks. You can sign up or even check out as a guest. If you decide to check out as a guest, you will then have to log into your online bank for the payments to be effective.

Requirements

  • Must be over 18 years old
  • Need an account with a bank that allows online payments
  • Basic personal information for registration
Bitcoin

Bitcoin is a relatively new type of currency that has just started to hit the main markets. While critics argue about safety concerns, all the major players in the market speak of bitcoins.

Key Advantages

  • Fast payments: Virtual currency bitcoin transactions are usually faster than traditional banking methods
  • Low costs: Fees are usually low, and in some cases they are free
  • Decentralized: No central authority can take away the percentage of your deposits
  • No chargebacks: Once you trade bitcoin, they are gone without possibility of reversal
  • Secure personal data: Transactions don't need any personal data

Additional Benefits

Bitcoin is not inflationary, as it's limited to 21 million coins. It's semi-transparent, allowing address viewing while maintaining name privacy, and enables easy micropayments. Major institutions are increasingly accepting Bitcoin for trade.

Zimpler

Zimpler is a Swedish payment system that is currently available in both Sweden and Finland. It's designed to create the best mobile payment experience for consumers, with no app required and available on more than 250 sites.

How to Use

  • Sign in using your phone number
  • Choose payment method (card or bill)
  • Confirm payment with security code

Features

Allows setting monthly budgets, saves card details securely, and provides comprehensive support between 1pm – 5pm Monday to Friday via both email and phone.

PaySafe

Being an industry leader in electronic prepaid payment methods, PaySafeCard is now being used by various online casinos as a method of accepting deposits from gamblers.

Key Features

  • Safe, secure, reliable, and risk-free online payments
  • Instant deposits and faster cashouts
  • Convenient and easy to use
  • Uses unique 16-digit pin code system

Security Implementation

The transaction model requires a foolproof, fail-safe, and non-repudiation system that can't be tampered by an unauthorized user. PaySafe Card has introduced robust, reliable, and secure online payment options to address these concerns.

Important Considerations When Choosing Payment Methods

Security

Security must be a primary focus at all times to protect both the casino and the player. Look for encryption technology and secure transaction protocols.

Fees

These services all have ways to make money. You'll need one that is affordable to you and doesn't cut too deeply into your bankroll.

Processing Time

Different methods have varying processing times, from instant transactions with e-wallets to several days with bank transfers.

Availability

Your clients could be located anywhere in the world; ensure the payment services you choose are accessible in your region.

Currency Conversion

If you engage in cross-border transactions, you'll need to consider currency conversion capabilities and associated fees.

Customer Support

Access to reliable customer support is crucial when dealing with payment-related issues. Look for services offering 24/7 assistance.