Online casinos have become quite common these days. The convenience of playing under an alias and from literally everywhere have made them a better option than land-based venues. However, with the abundance of casino sites, its not easy to choose a single one. More importantly, you need to do some research on your own, which includes having a look at the license, security features, and the type of payment methods accepted.
Choosing a reliable payment method is one of the most overlooked factors when choosing an online casino. If you decide to play with real money, youll need a stable and reliable option, and well tell you how to choose the best one.
Which Payment Methods Online Casinos Accept?
While this largely depends on the online casino of your choice, the majority accept bank transfers, cards, and e-wallets. Some might also accept prepaid vouchers for deposits only, mobile payment solutions, and cryptocurrencies.
Bank transfer: its the oldest and most secure payment method to use at
casino sites. However, not all banks are thrilled about online casino transactions. These payments will show up on your account, which might get your credit rating lowered, so theyre not ideal.
Cards: cards are a much-better solution than bank transfers for online casinos. Theyre fast, efficient, and have decent limits. Security is top-notch too. However, the payments still show up on your bank accounts, so, like bank transfers, theyre not suitable for all players.
E-wallets: if you want to cover your tracks when playing casino games, e-wallets will suffice. They can be funded in many ways and arent necessarily linked to your bank account. The most popular options include Neteller and Skrill, both of which are designed for online gambling.
Prepaid vouchers: prepaid vouchers are 100% anonymous. You buy a card and redeem the
PIN to make a deposit. However, theyre a one-way street, so you can only use them for deposits.
Mobile payments: mobile payments are great for new players. You can play now and pay later, but they arent fit for withdrawals. Plus, theyre not widely accepted, and the limits are low.
Cryptocurrencies: cryptocurrencies offer anonymous deposits and withdrawals at lightning speeds. However, their integrity is often called into question, and theyre not widely accepted in the online casino community.
How to Find a Reliable Casino Payment Method
You have to rely on several factors when choosing a casino payment method. You must take a look at the security features first, and ensure that your data is protected. Trusted payment methods will talk in-depth about their security features, including
2FA (two-factor authentication) and more. The more secure a payment method, the better it is for you.
Another important factor when choosing payment methods at online casinos are the limits. Some casinos might restrict higher limits to VIP players. This means you cant deposit large amounts, which translates to a smaller bankroll when playing
games.
Lastly, you should also take a look at the fees. Some casinos might charge fees on deposits and withdrawals, which shouldnt happen. In that case, you can always look for another casino, preferable one that doesnt charge any fees.