Banking is one of the defining criteria when you are looking for a new casino. In our article, we take a look at the world’s most popular payment methods used by online casinos and let you know the advantages or disadvantages of each one of them. Some will be newer and perhaps less known while others you have already used for purposes different than online gambling. By picking a fast payout casino, you guarantee yourself that your money is always promptly delivered to your bank account but we also insist that a proper casino bank should make your deposits instantly available to play and come with all mandatory safety checks and encryption standards met.
Our guide will help you understand which are the most popular banking methods for online casinos and why. For starters, do you know how long it takes real money casinos to process your winnings? The answer is that it depends, based on the policy and ability of the online casino, of your choice of deposit method and finally on your bank. We take a closer look at this and more in our thorough guide.
Secure banking at these top online casinos:
What Reliable Online Payment Methods Are There?
There are many payment solutions you can use for your online gaming activities. From traditional banking cards, which are the single-most used on casinos, to the variety of electronic wallets (such as PayPal, Neteller, and Skrill), to internet banking solutions, such as POLi, and the all-helpful cryptocurrencies, the choice is both generous and helpful. Let’s have a glance at some of the most popular options, all of which provide you with safe & secure banking.
Visa – Visa is the world’s largest financial network with over 30 million transactions carried out every single day. The multi-purpose Visa banking card allows you to quickly move your money around, whether you want to make an online casino deposit or request a withdrawal.
Visa deposits are instant and so are withdrawals, although there can be a few-minutes delay with each transaction. The company uses a variety of failsafe practices and firewall systems are virtually impenetrable.
MasterCard – MasterCard is one of the most popular banking cards accepted worldwide. The ease of use and popularity of this payment method makes it perfect for the purposes of online gambling, whether you need to deposit or withdraw funds.
PayPal – PayPal is an internet wallet with decades of experience. They offer a streamlined e-wallet that serves as a digital buffer for your funds. PayPal works with any easy withdrawal online casino and the solution allows you to assume full control over your funds. You need to link a bank account or a debit/credit card to your PayPal account for it to work. PayPal is also country-specific, so you will need to use it in the country you have registered.
Neteller – Neteller is a quick payment option, which allows you to move funds into and out of your account. The majority of transactions are instant and incur no charges whatsoever, although we recommend that you check the specific terms applicable at your own casino.
Bitcoin – Bitcoin, and cryptocurrencies in general, is one of the most innovative ways to conclude financial transactions at casinos. Any operator that offers cryptocurrencies can be qualified as the fastest withdrawal online casino as it accepts and cashes out deposits instantly. The money will be in your crypto wallet in a matter of minutes, too. This payment option is quickly gaining popularity and it’s a worthy investment as it provides you with complete anonymity, and you can use this currency to play the top real money slots at many notable casinos.
ApplePay – ApplePay is a popular mobile payment option. The solution is used mostly in the United Kingdom, although it’s expanding its reach. You can carry out various transactions, including casino deposits and withdrawals, using any iOS mobile device.
Bank Transfer – Bank transfers are also popular, although they incur small fees. However, you receive your money directly into your bank without having to move them through different payment providers, which appeals to some customers. You can also use this method to deposit whether through your online banking or casino account.
Cheques – Cheques are only used for withdrawals. They are mailed directly to you and take between 5 and 14 work days to arrive by mail. There are also fees that apply to this withdrawal method.
iDebit – While most payment options will require a banking card to work, iDebit is what we call an alternative. You can deposit funds directly from your online banking, and the solution has a distinct global footprint
POLi – POLi provides you quick internet banking options. The majority of online casinos with instant withdrawal options feature POLi, as one of the top choices among gamers. Originally popular in Australia and New Zealand as an alternative to PayPal and other payment solutions, you will find POLi available at the best online casinos around the world, as well as across Europe and North America
Qiwi – Qiwi is an online account that gives you a pre-paid virtual VISA card which can be used to make a series of purchases, as well as use the option specifically to fund your account. Qiwi a good alternative for anyone who doesn’t want to use their actual debit or credit card or simply doesn’t own one.
More On Casino Withdrawals
Your account balance at your online casino account will update instantly as you make your deposit with any of the above-mentioned banking methods.
The importance of your choice of banking method (to use for your deposits) becomes important when you decide to withdrawals some of your winnings.
A withdrawal can be seen as a type of return transaction from the online casino. In line with the general banking policy, this return of funds will be processed to the banking method that was used for the latest incoming transaction to the casino. Meaning, if you deposit with a Visa card, you will get your winnings back to your Visa card. There are some exceptions to this rule, the processing fees vary between the various banking methods and perhaps most importantly, the time it takes for the bank to process your transaction can vary between a few seconds to weeks. We, therefore, recommend you to read our guide on withdrawals, focusing specifically on "instant" withdrawals.
The majority of banking options we have listed will take no longer than 48 hours to process, but this period has been to a single day at the majority of iGaming operators. Some solutions might take a little longer, especially when you are requesting a direct bank wire or cheque payment.
The linked article will help you differentiate between how much it takes your casino to process a payment request and how much time it takes for the money to arrive in your bank account.
The top online casinos all ensure the availability of a variety of guaranteed banking solutions for a streamlined and fulfilling gaming experience.
