When online casinos began, players could only use bank cards and direct bank transfers. With the advancements in technology, various online casino payment methods are now available to players. Although debit and credit cards remain popular, there are many alternative payment methods that players prefer today. For instance, Interac, MuchBetter, iDebit, Paysafecard and even cryptocurrencies are now available as casino banking methods. Here we’ll go through everything you need to know about online payment methods and which sites have the best online casino payment methods.
Minimum deposit is $20 and there is no cap on withdrawals.
To be eligible for this promotion, you must make a minimum deposit of $20.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Table games 5%, Live games 5%, Video poker 5%, and Slots 100%.
The deposit and bonus amounts are locked together. Your deposit and the bonus sum are combined to create a balance of bonus cash that can only be transferred to real money after meeting the wagering requirements.
a $5 maximum wager
When using bonus money, you can only place bets of $5 or less. The casino has the right to seize your winnings if you violate this regulation.
$20 is the minimum deposit required. Unlimited cashouts are permitted. Payment options excluded: Skrill and Neteller
To be eligible for this bonus, you must make a minimum deposit of $20.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
You won’t be eligible for this offer or your gains can be reversed if you make a deposit using Skrill or Neteller.
To clear the bonus and be eligible for a withdrawal of your winnings, you must wager 35 times the combined amount of your bonus and deposit. For instance, if you deposit $100 and receive $100 in bonus money, you must bet a total of $7,000 ($200 * 35) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slot machines, bingo, keno, scratch cards, video poker, live games, table games, and jackpot games all have a payout percentage of 100%.
$5 maximum wager
When using bonus money, you may only place a maximum stake of $5. The casino has the right to seize your winnings if you violate this regulation.
A minimum of $10, Uncapped cashouts are permitted.
To be eligible for this promotion, you must make a minimum deposit of $10.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
Wagering specifications Bonus of 30x (restrictions apply)
Before you may withdraw your earnings, you must wager 30 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $3,000 ($100 * 30) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slot machines: 100%; roulette; blackjack; video poker; baccarat; live games; poker; craps and dice; 5%; 5%; and slots; 100%.
Maximum wager: $10
When using bonus money, you can only place bets of $10 or less. The casino has the right to seize your winnings if you violate this regulation.
Minimum deposit is $20 and there is no cap on withdrawals.
To be eligible for this promotion, you must make a minimum deposit of $20.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slots at 100%, jackpots at 0%, live games at 0%, and tables at 0%.
a $5 maximum wager
When using bonus money, you can only place bets of $5 or less. The casino has the right to seize your winnings if you violate this regulation.
The procedure for receiving this incentive should be rather quick. Bonus lapses after 14 days.
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slots at 100%, Blackjack at 5%, Roulette at 5%, Video Poker at 5%, Baccarat at 5%, and Live Games at 0%.
the $1 maximum bet
When using bonus money, you can only place bets of $1 or less. The casino has the right to seize your winnings if you violate this regulation.
$10 minimum deposit Unlimited cashouts are permitted. Payment options not accepted: PaySafeCard, Skrill, and Neteller
To be eligible for this promotion, you must make a minimum deposit of $10.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
You won’t be able to use this offer or your winnings might be reversed if you make a deposit using PaySafeCard, Skrill, or Neteller.
To clear the bonus and be eligible for a withdrawal of your winnings, you must wager 35 times the combined amount of your bonus and deposit. For instance, if you deposit $100 and receive $100 in bonus money, you must bet a total of $7,000 ($200 * 35) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Table games receive 0%, video poker 0%, and slots 100%.
To be eligible for this promotion, you must make a minimum deposit of $10.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
To clear the bonus and be able to withdraw your earnings, you must bet 25 times the amount of your deposit.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $2,500 ($100 * 25) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slot machines: 100%; roulette; blackjack; video poker; baccarat; craps; and 10% each for roulette and blackjack.
$5 or 29% of the current bonus value is the maximum bet (lower value applies)
$5 or 10% of the starting bonus value is the maximum bet (lower value applies)
This bonus should be practically instantaneous to receive. Bonus expiration: 30 days
Free spins: 22 Book of Dead spins at $0.1 each (a total value of $2.2)
Conditions for free spins: 35x wagering requirement, $100 Canadian maximum cash out, and 10-day expiration
New players only; terms apply; age requirement is 18; and rgf.org.mt (Responsible Gaming Foundation)
Most Popular Casino Banking & Deposit Methods
Visa
Online casinos accept a variety of debit and credit cards for online payments. The most universally accepted is Visa. However, Mastercard, AMEX, Discover, and Maestro have also entered the market as gambling sites adapt in order to keep up with customers’ needs.
Bitcoin
Bitcoin and other cryptocurrencies have gained immense popularity as a preferred payment method in recent times. All crypto is anonymous, very secure, fast and autonomous. Banking institutions cannot withhold your funds as they’ve got zero access or control over your money.
PayPal
Similar to crypto transactions, PayPal is highly secure, and it’s accepted by almost every online casino. Suppose you want to sleep better at night without worrying about Bitcoin’s extreme volatility. In that case, your best alternative is PayPal, which uses fiat currencies.
Types of Casino Payment Methods
When choosing your preferred payment method, you must first consider your online gambling habits and needs. Secondly, it’s important to remember that some online casino payment methods may not be available to you since your country of residence may have certain restrictions.
As mentioned, a cookie jar full of payment options is now available to players. Below are the best choices available today.
Credit Cards
Credit Cards are the most popular method used by casino players. Nowadays, you get rewards, secured credit cards, low-interest credit cards, and cashback credit cards. Mastercard and Visa are the most widely used, but some sites accept AMEX and Discover.
You can use your debit card to make secure online payments. It’s very convenient, and unlike credit cards, there are no additional bank interest rates associated when you use these cards. The most preferred methods are Visa, Discover, AMEX, and Mastercard.
There are a multitude of e-wallets to choose from. Over the years, this type of payment method has grown in popularity since it’s outperforming transfers with regular bank cards when it comes to withdrawing back to your e-wallet. Some of the most popular ones are PayPal, Interac, Skrill and MuchBetter.
eCheck is a prevalent method for many players. It’s straightforward and safe to use at top online casinos. Bank transfers are excellent for large online casino deposits. However, there may be a slight delay in funds being available.
Bitcoin is the leading player for online crypto deposits at online casinos. However, many altcoins have become widely accepted at online casinos. Ethereum, Dogecoin, Tether, Ripple, and USD Coin are some popular cryptos.
Pay N Play is not a payment method but an option for players who want to skip the casino account registration process altogether. Instead, players log in with a BankID via their account with a specific payment method, most often Trustly, which developed this the Pay N Play concept.
Beginners Guide – How to make an Online Casino Deposit
It can be confusing making a payment at online casinos. However, don’t fret. Below is a complete step-by-step guide to making the process painless.
Create an account and login
Creating an online casino account is simple. Choose your preferred site, click on ‘join’ or ‘register’ and follow the prompts.
Go to the bank page of the site
Go to the banking or the cashier page. You’ll be directed there automatically after you’ve created your account. Don’t forget to opt-in for the Welcome Bonus!
Select the deposit option
Choose your preferred deposit method from what’s available. You’ll more than likely need to confirm additional personal and financial information (KYC protocols) to complete the transaction. Follow the prompts.
Verify that the payment is added to your balance
Your account balance should be updated immediately after every deposit. If for any reason you’ve waited more than 5 minutes, contact the online casino’s customer support and they will sort it out.
What To Look Out For When Choosing a Casino Banking Method
It’s crucial to check that the payment method you’ve chosen is accepted by the online casino you plan to play in. Secondly, verify if the payment method charges any fees. You should move on swiftly if a casino charges any fees and find another gambling site. Thirdly, establish how long the casino takes to process withdrawals. Anything longer than 48 hours should be a pass.
Quick Overview of Online Casino Deposit Methods
Payment Method
Pros
Cons
Credit Cards
Fast
Safe and secure
Currency conversions
Convenient
Rewards with some cards
Grace periods
Easy
High annual percentage rates
Transaction fees of up to 15%
Foreign transaction fees
Annual fees
Debt
Some casinos don’t support this method for withdrawals
Must have a bank account
Debit Cards
Fast
Safe and secure
Currency conversions
Convenient
No debt
Rewards with some cards
Easy
No grace periods
Transaction fees of up to 15%
Could encourage overspending
Some casinos don’t support this method for withdrawals
Must have a bank account
Bank Wires
Ideal for large casino deposits and withdrawals
Safe and secure
Easy
Transactions can take up to seven business days to process
Some casinos don’t support this method for withdrawals
Must have a bank account
Cryptocurrencies
Very fast
Autonomous
Anonymous
Highly secure and safe
Great additional bonuses for crypto casino deposits
Extremely low transaction fees
Not subject to inflation and taxes
Global
Deposits and withdrawals accepted
Easy
High volatile at the moment
Must have a crypto wallet
No rewards
No reversals
Untraceable (if funds are transferred to the wrong wallet your funds are lost forever)
E-wallets
Easy
Safe and Secure
Fast
Deposits and withdrawals accepted
Low transaction fees
Some have rewards
Could encourage overspending
May have regional limitations (not accepted everywhere)
It all boils down to your preferences regarding which method is best. Each banking method has pros and cons. In addition, you need to determine if a payment method is available in your country of residence. Most payment methods are available in jurisdictions where online casinos are licensed and regulated.
Yes, KYC procedures are required to eliminate fraud, money laundering schemes, underage gambling, and in some instances, to identify problem gamblers. KYC protocols protect you and the casino.
