Being able to make deposits and withdrawals quickly and easily at a casino is one of the most important things for a player. Luckily, most casino operators usually offer a vast variety of traditional and modern payment methods on their sites. The following are the different options you can choose from when playing online.
1. Bank Transfer
Most online casinos accept bank transfers as one of their primary methods of payment. These are considered a secure option by many players due to their stringent requirements. For example, bank transfers are subject to strict KYC procedures which are aimed at preventing fraud and possible money laundering.
However, withdrawals through this payment method could take a while sometimes. Apart from that, bank transfers sometimes come with some transaction fees that can vary. However, there are also some online casinos that offer 0 transaction fees.
2. Debit/Credit Card
Undoubtedly, debit/credit cards are the most popular online payment method in today's world. Therefore, it is only natural that they're also widely used by players at online casinos. Debit/Credit cards are a reliable and secure way of making deposits and withdrawals as they’re directly linked to bank accounts.
There are dozens of debit/credit cards you can choose from, though only a few are accepted at online casinos. You will find Visa and Mastercard as the most prevalent options. Additionally, you may also come across some sites that accept American Express.
3. Digital Wallets
Another common way of making deposits and withdrawals at online casinos is by using digital wallets. Also known as e-wallets, they are online applications that you can use to store your money in a digital format. E-wallets are very convenient as they are easy to use and don't usually charge any transaction fees.
Furthermore, deposits made through this payment method are more or less instant. This means that you can play Book of the Princess at Platincasino immediately without having to wait for long. Currently, Skrill is one the most widely used e-wallet, with over 40 million users worldwide. Another popular option that most casinos accept is Neteller.
There's an increasing number of gambling sites which accept cryptocurrency payments nowadays. This stems from the numerous benefits that Bitcoin and other digital currencies provide. One advantage of this payment option is that it guarantees important levels of security.
Other than Bitcoin, cryptocurrencies accepted by online casinos include Ethereum, Litecoin and Dogecoin. The ability of these alternatives to process deposits much faster than Bitcoin makes them quite attractive to players. Going forward, we are likely going to see more gambling sites accepting cryptocurrencies as a method of payment.
Overall, you have a wide variety of options when it comes to depositing and withdrawing at online casinos. Apart from the aforementioned payment methods, you'll also find some sites accepting prepaid cards and e-cheques. After all, transacting conveniently and securely is the best thing when playing online, and casinos offer just that.