Online Casino Payment Methods

Read More About the Best Casino Payment Methods

Popular E-Wallets:

PayPal Casinos

MuchBetter Casinos

Payz Casinos

Neosurf Casinos

AstroPay Casinos

Skrill Casino

eZeeWallet Casinos

Luxon Pay Casinos

Neteller Casinos

MiFinity Casinos

Jeton Casinos

ecoPayz Casinos

Revolut Casinos

HiPay Casinos

Ilixium Casinos

Blixtpay Casinos

Open Banking Options:

Interac Casinos

Trustly Casinos

Swish Casinos

Flykk Casinos

Paytm Casinos

Volt Casinos

Brite casinos

Google Pay Casinos

Apple Pay Casinos

PhonePe Casinos

Inpay Casinos

UPI Casinos

SID Instant EFT Casinos

Other Payment Methods:

Boku Online Casinos

American Express Casinos

eCheck Casinos

Rapid Transfer Casino

Zimpler Casinos

Siru Mobile Casino

Paysafecard Casinos

Payforit Casinos

Instadebit Casinos

iDebit Casinos

Klarna Casinos

iDEAL Casinos

Sofort Casinos

EasyEFT Casinos

Fast Bank Transfers

PayOp Casinos

POLi Casinos

Flexepin Casinos

Maestro Casinos

Visa Casinos

MasterCard Casinos

CashtoCode Casinos

WebMoney Casinos

Giropay Casinos

PayviaPhone Casinos

PayID Casinos

Pay by SMS Casinos

Cryptocurrencies and Crypto Wallets:

Ethereum Casinos

Tether Casinos

Cardano Casinos

Litecoin Casinos

Dogecoin Casinos

Bitcoin Casinos

Ripple Casinos

MoonPay Casinos

Real Money Online Casino Banking

The first deposit in a real money casino might be scary, especially for inexperienced players. You may have heard horror stories in the past about accounts being hacked and online fraudsters stealing people’s funds and personal data, but we are here to help put your mind at ease. Due to state-of-the-art SSL Encryption, online security has become a force to be reckoned with.

We’re also wary when an online casino doesn’t request documentation to verify the identity of an account holder. It may seem like a tedious task, but the verification process is there for the good of everyone.

Any casino that doesn’t put safety first will not get a recommendation from our experts. If the site doesn’t have an SSL certificate, we’ll run like the wind, and you should too.

Kate

Any online casino has to offer a comprehensive selection of online casino payment methods for you to make your casino deposit. There’s simply no excuse for a casino to be lax in this department. We expect to see players offered the option to use credit cards, e-wallets, debit cards, and bank transfer. And for extra points, we’d also like to see players given the option to pay by phone or use cryptocurrency.

Fast Withdrawal Casino Payment Methods

One of the biggest trends in today’s online casino market is fast payout casinos. Instead of waiting several days for the withdrawal request to first be approved and then paid out, the whole process can now be done within minutes by using Trustly’s Pay N Play option.

Now, this option is not available to players all over the world just yet. It’s mainly available to players residing in Sweden, Germany and Finland as it’s a highly regulated option. However, by opening the door to fast payments, the casino business has opened its eyes to the importance of fast payouts. Even though you still need to wait longer than a few minutes, online casino banking has become quicker and smoother for players worldwide.

Popular Online Casino Payment Methods

There are countless different payment methods in the world. However, not all of them are suitable to use in online casinos. Some banking methods are exclusive to certain countries, like Interac for Canadians and Boku for the British, while others are widely available but not recommended for gambling purposes.

Below, you can learn more about some of the most popular types of online casino payment methods, as well as learn about their pros and cons and the most popular options for gamblers.

➡️ Credit and Debit Cards

Credit and debit cards are a viable option for making deposits and withdrawals to your casino account. Visa and MasterCard are accepted in most, if not all, online casinos.

Keep in mind that many regions, such as the UK, do not allow gambling with credit cards due to the high risk of problem gambling. Gambling with money you do not have is not a good idea, so we encourage you to use alternative casino payment methods when possible.

Using a credit or debit card is certainly a convenient way to make an instant deposit; however, a withdrawal can take significantly longer to process. Credit card companies are also likely to charge fees for processing each transaction.

The major downside to debit and credit card payments is that you’ll have to input your card details every time you want to make a casino deposit, which could leave you vulnerable to hackers. To mitigate the risk of an unscrupulous third party somehow managing to get access to your account, we recommend using a debit card. A debit card is used to make payments in the same way as a credit card, but if someone does get hold of your details, they won’t be able to rack up charges.

Pros & Cons

Top 3 Popular Debit and Credit Cards for Gambling

• VISA
• MasterCard
• American Express

➡️ E-Wallets

An e-wallet is one of the best online payment options for a casino deposit because it gives you an added layer of security. Companies like PayPal, MuchBetter, Neteller and Skrill act as middlemen between you and the online vendor (or casino, in this case), and you will have full control of all online payments at all times.

To set up an account with one of these companies, you’ll need to give them your bank or credit card details, and you’ll need to verify your identity. Once you’ve done this, you’ll be given a username or number which you can then use to make any online payment. Most e-wallet services have a downloadable app you can download and always be in charge of your finances.

CasinoTop3.com recommend choosing this type of payment method because not only is an e-wallet safe and convenient, but it also allows you to make instant deposits into your casino account without incurring fees. And withdrawals tend to get processed much faster.

The only downside is that some casinos will render you ineligible for the welcome bonus when you make a casino deposit using Neteller or Skrill. However, there are plenty of other e-wallet options to choose from that do allow for casino bonuses, such as MuchBetter, PayPal and ecoPayz.

Pros & Cons

Top 3 Popular E-wallets for Gambling

• MuchBetter
• ecoPayz
• Skrill

➡️ Bank Transfer

Bank transfers are considered seriously old school but also extremely safe. Most casinos offer bank transfer as a payment method, and it does have its merits. Apart from being one of the safest methods, it’s also the best for making transactions that involve large sums of money.
The downsides, however, are the fees incurred and the waiting times. It can sometimes take over a week for a withdrawal to be processed and delivered to your account.

The good news is that the old-fashioned bank wire transfer is following the recent trends, and today you can find fast bank transfers available in many regions. In Sweden, for example, gamblers can enjoy instant bank transfers for withdrawals and receive their winnings within minutes.

Even in the UK, fast bank transfers are becoming more popular for online gambling.

Pros & Cons

➡️ Pay By Phone Bill

Mobile payments are the latest payment method to take the online casino world by storm, and companies like Boku and Siru Mobile have become trusted mobile payment providers. For those of you who have taken to smartphones like ducks to water, mobile payments are probably the best and most convenient method available to you. Especially when playing at mobile casino sites.

As the name suggests, all your deposits are made via mobile phone with this method. When you make a casino deposit using this method, the funds will be charged to your mobile phone bill – no need for credit card details or even a bank account. This method offers you an element of privacy that is simply not possible with any of the above methods.

The only downside is that you need a mobile network provider that supports the payment options. In some regions where online gambling is highly regulated, you might find it difficult to find a mobile payment platform that allows gambling transactions. This payment method can only be used for casino deposits, so you need to find an alternative option for withdrawing money.

Pros & Cons

Top 3 Popular Pay by Phone Bill Options for Gambling

• Boku
• Siru Mobile
• Pay by SMS

➡️ Cryptocurrency

Bitcoin has become a firm favourite among online casino players, and it’s easy to see why. This cryptocurrency and others like it offer security, privacy and convenience to anyone and everyone.

Bitcoin is held in an e-wallet, but unlike the e-wallets mentioned above, a Bitcoin wallet does not need to be associated with a bank account or credit card. The only downside with this payment method is that it is not widely available.

Luckily for you, CasinoTop3.com has your back. Check out our list of recommended new online casinos to find a reputable Bitcoin casino and when you find the one that calls out to you, simply sign up and choose Bitcoin from the payments menu.

Pros & Cons

Top 3 Popular Cryptocurrencies for Gambling

• Bitcoin
• Ethereum
• Tether

➡️ Open Banking

Open banking refers to the use of open APIs that enable third-party financial service providers to access banking and financial information with the customer’s consent. Payment solutions that use open banking technology allow casino players to make online payments and transfer money through these third-party providers rather than solely through their own bank.

This can give customers a higher degree of safety and a better user experience when paying on online casino sites.

Open banking options was nearly unheard of years ago but have today become one of the most popular online casino deposit method. These options are normally country-specific, even though a few global options are emerging. Some of the best options available in many online casinos today are:

• Trustly - Global
• Interac - Canada
• Swish - Sweden
• Paytm - India
• PhonePe - India
• Brite - Finland, Netherlands and Sweden
• Volt - UK + many EU countries

Pros & Cons

➡️ Prepaid Card Options

A prepaid card, for example, Paysafecard or Neosurf, is a type of online payment method that allows players to deposit funds into their casino account using a prepaid card that can be purchased from a retail location or online.

These cards usually have a fixed value and can be used to make purchases or online transactions, similar to a credit or debit card. They can also be recharged or topped up as needed.

Prepaid cards are often a popular choice for online casino players because they offer a level of anonymity and can be a useful option for those who do not have a credit or debit card or prefer not to use one for online gambling. This is also the only online casino payment method that allows you to use real cash.

The biggest downside is that you cannot withdraw money using these options. You, therefore, need another payment method on hand for withdrawing funds from the casino.

Pros & Cons

Top 3 Popular Debit and Credit Cards for Gambling

• Paysafecard
• Neosurf
• Flexepin

Casino Account Verification

When you first open an online casino account, you may be required to provide some sort of identification. A casino operator may require a copy of a passport or driver’s licence and a current utility bill. While this may appear time-consuming, it is actually to your advantage because you are dealing with a licensed operator who must follow the regulator’s standards.

Normally, your account must be verified before you can withdraw money. However, UK players must do so before depositing in online casinos to ensure the player is not underage. Some online gambling sites, especially in Sweden but also somewhat in the UK, automatically verify your account via your deposit method, so you don’t need to send in manual documents. This is referred to as a casino no verification UK, which you can learn more about in our dedicated article.

Not all online casino deposit methods are suitable for this, so you normally need to choose a payment method connected to your online banking.

Know Your Customer

KYC (Know Your Customer) is a term used by online casinos to describe the process of verifying new casino accounts that are created on a daily basis. If the information you provided is correct, you should get your casino account approved within a short period of time. You may also discover that your first casino withdrawal can only be processed if you submit this information.

Similarly, you will discover that your casino allows you to establish deposit limitations on your account. As a result, when you sign up, you can select a daily, weekly, or monthly deposit limit for your casino account, with the operator restricting you once you reach this limit.

You can adjust the limitations at any time, but doing so helps you manage your bets and keeps you from being reckless.

Online Casino Deposit Methods with Alternative Withdrawals

There are many deposit methods for online casino sites, but sadly, not all of them are suitable for making withdrawals. Some such options are:

• Paysafecard
• Boku
• Apple Pay
• Google Pay
• Siru Mobile

Although these options are convenient and fast for deposits, they cannot be utilised for withdrawals since it’s not technically possible by the payment methods. You can still withdraw your winnings – of course – but keep in mind there are a few limitations to keep in mind, and you cannot choose whichever alternative you want.

Roger

A general rule across all online casinos is that you need to withdraw your winnings by using the same payment method as your deposit. This is not a rule to be difficult, but a regulation to prevent money laundering. However, this might make your withdrawal extra troublesome.

If you have previously deposited using another payment method, for example, an ewallet like PayPal or MuchBetter, you will normally be able to choose one of these for your withdrawals. As they are already in the system and have been verified, this is normally not an issue and is the easiest option.

If you have not made a previous deposit using other payment options, your only choice will be bank transfer, which is the safest option. However, keep in mind that bank transfers are the slowest option by far and will take multiple days to complete. In addition, most online casinos have a high minimum withdrawal limit for bank transfers due to costly fees, which might make it a poor choice for smaller winnings. Our guide about casino withdrawal limits explains this in greater detail if you want to learn more.

Summary

Here at CasinoTop3.com, we know that not every casino payment method is a perfect fit for every person. It’s up to you to weigh up the pros and cons before deciding which payment provider is the one for you.

Here are some aspects you need to consider when selecting a casino payment method:

• Does it excludes me from claiming a bonus?

  Some casino bonuses cannot be claimed using e-wallets like Skrill and Neteller. Therefore, we advise you to read the casino bonus terms and conditions to ensure your selected payment method is accepted.

• Can I withdraw money using the same payment method?

  Using the same casino withdrawal option as you used to deposit money is preferred as it simplifies things. However, some casino deposit options, such as Paysafecard or phone bill payments, cannot be used for withdrawing money.

• Are there any limits?

  The most popular payment methods will allow you to deposit a large or small amount of money, and it is suitable for most casino players. However, some payment methods exist only for small transactions, which makes it an unsuitable option for high rollers.

• Is it a safe option for casino operators?

  A high amount of safety is crucial when making online payments, and choosing a casino deposit option where you don’t need to disclose any bank details is preferred.

• Are there fees involved?

  Some online betting payment methods charge a fee for transactions, so online casino customers might end up paying more in fees than they win. Always check out the fees for your payment method and compare it to other payment methods to find the most affordable option.

Our best advice is to always read the small print, research the company and practice caution.

Casino Payment Methods FAQ’s

Kate WebbEditor in Chief

With over ten years of experience working with gambling and writing about casinos, Kate brings a lot of knowledge to CasinoTop3.com. Kate oversees all the content written on CasinoTop3.com to ensure it contains factual information with value to you as a player.