Published: 22.10.2020, 10:21
5 min read
If you are wagering money in an online casino, choosing the right payment processor is paramount. You can deposit funds to your account in a variety of ways, including cryptocurrencies, credit cards, et cetera. But how can you know which option is the best for you?
The best payment methods are the ones that let you quickly deposit and withdraw funds from your online casino account while preserving your security during every step of the process.
In this article, we will cover the top 5 best casino payment methods you could possibly use for online casino deposits. The methods listed here are the best in terms of speed, popularity, and convenience.
Neteller
Neteller is without a doubt one of the most convenient payment systems out there. This has made it extremely popular with internet casino users. The system is known for its simple, utilitarian design and is especially well-known in the UK.
Neteller is equipped with credit card data protection, which means that all card details you enter when depositing are kept hidden and cannot be accessed by third parties.
The system has been developed in Canada in 1999 and has been gaining popularity ever since. Neteller is favored by the best casinos of the world, such as WooCasino, BetAmo, and, of course, Bob Casino.
Just like its competitors, the system charges a small fee on all transactions. This fee usually varies from 1 to 5 percent, depending on the deposit method.
Neteller also allows users to make very large transfers. This is another reason for its popularity in online casino payments. There is almost no limit on the amount of money you can transfer.
In addition to this, users may transfer to a Neteller account from almost any other payment system. This flexibility is another reason it is popular.
The only disadvantage is the fee you have to pay on all transactions. But in most cases it is negligible.
Paysafecard
Paysafecard is a good and secure option not just for online casinos, but also for use when shopping at online stores. Its main benefit is that it is fully independent of your credit card (much like PayPal). This makes it very safe.
Paysafecard is accepted at many venues where Skrill or Neteller users are blocked, hence its popularity. Fees imposed on Paysafecard transactions are small, and usually do not amount to much.
However, Paysafecard is not accepted in the US, which is probably its largest drawback. Also, you are not able to withdraw via Paysafecard – it works only for deposits.
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Visa
Visa is the largest debit and credit card company in the world. A Visa banking card is the best payment method for online casinos worldwide since it has the best support of all payment systems in the world.
The fees for using Visa are very low, which makes Visa a much better option for online casinos than American Express or Paysafecard.
Visa debit cards are accepted by all casinos, and you may receive casino bonuses if you use Visa or rival MasterCard to fund your account.
Visa has one of the best security systems, so you can feel safe while using it. And if something does go wrong – you can always request a chargeback from your bank.
However, not all casinos allow you to withdraw using this method and sometimes you are required to pay an upfront fee before you can deposit money with Visa.
Skrill
Skrill is a very popular payment method in online casinos. Launched in 2011, it quickly made itself the preferred payment method because it is convenient, safe, and quick.
Skrill offers good data protection, and you can be sure none of your personal information will be leaked to third parties. The system allows you instant bank access to all deposited money.
Almost every casino offers you a bonus for using Skrill. This is because Skrill is the most convenient method both for you and the casino.
The processor supports 40 different currencies, making it the only option for many people who have to deal with rare and uncommon currencies.
Just like PayPal, Skrill has a 24/7 support team ready to help you at any time. There is a chat always open for you to ask for help.
It’s not all roses, however. You do need to pay a fee to fund your account from Skrill, just as you would with Neteller and Ecopayz.
Bitcoin
Bitcoin is a revolutionary form of currency, which is not controlled by anyone and allows the user to remain fully anonymous. This is a large advantage, since it greatly improves the security of anyone using it. Third parties are not able to receive any information about the user, so no bank and company will know that you like to gamble. A lot of people like the privacy afforded by that. This makes it one of the most secure online casino payment methods.
Online banking with Bitcoin is very simple. You have an e-wallet that you can deposit to and withdraw from. It works similarly to a bank account, but it is fully anonymous and decentralized, so no third parties can access your information and you do not need to fear any data breaches.
Not all casino games accept Bitcoin. In fact, comparatively few do. That is its main downside. You will not be able to play all the games if you use only Bitcoin.
Honorable mentions
PayPal
PayPal is a payment method with a solid reputation. And the best one in terms of safety and security. You may use many ways to improve security even further, such as two-factor authentication. It is recommended for people that value security above all else.
While this method is one of the safest and most reliable, it does not work with many casinos. PayPal is notorious for having policies that make it extremely difficult for gambling venues to offer it as a payment method, so very few online casinos do.
Revolut
Revolut works like a prepaid debit card that is accessed through a mobile app. You can quickly transfer money between Revolut and a regular Visa or MasterCard, which makes it very convenient. The app’s main benefit is its security and the ability to create an unlimited number of one-time-use disposable credit cards.
However, as of today, almost no casinos use it, so it is not really a viable method of payment.
