Most Popular Deposit Methods at Online Casinos
Share on Facebook Share on Google+You obviously don’t want any hassles when depositing at an online casino. Instead, you want to fund your account in the quickest and most-secure manner possible.
Gaming sites do their best to ensure that you have plenty of options for making deposits. However, you may be slightly confused upon seeing the many banking methods available at casinos.
Below, you can read about the different deposit options that are found throughout gaming. You’ll also find out more on which methods can be used for withdrawals.
E-wallets
An e-wallet lets you make casino deposits via a service like Neteller or Skrill. It requires you to link a bank account or credit card to your e-wallet account.
E-wallets let you streamline your payment methods into a single account. You simply select which bank account or card you’d like to pay with when logged into your e-wallet. Here are some of the most-popular e-wallets available at gaming sites:
- EcoPayz (Create account here)
- MuchBetter (Create account here)
- Neteller (Create account here)
- Skrill (Create account here)
Cryptocurrency Casino Deposits
Cryptocurrencies have gained more prevalence at online casinos in recent years. Bitcoin is an especially popular way to fund an account.
You can purchase Bitcoin and other cryptocurrencies by visiting a fiat-to-crypto exchange, such as Binance.
From here, you can either keep the crypto on an exchange or transfer it to the relevant online wallet. To deposit, you enter the recipient’s (casino’s) wallet address and confirm the payment. Here are some popular cryptocurrencies that are accepted at internet casinos:
Mobile Casino Deposits
Some payment solutions are optimized for making casino deposits directly from your smartphone. You can start by either entering your credit/debit card details manually into the phone or by scanning it with your camera.
You also need to verify your card information through either a phone call or text. Once you’ve verified the payment option, you can begin placing deposits at relevant online casinos. Here are some of the most-popular mobile payment options in the gaming world:
- Apple Pay
- Boku
- PayForIt
- Zimpler
Credit Card Casino Deposits
Credit cards let you place instant deposits at online casinos. They also offer a simple route towards funding your account.
Ease of use is definitely the top benefit of credit card deposits. You merely need to enter your card number and CV2 code (on back of card) to make a deposit.
Visa and Mastercard are by far the most-popular credit cards for online gambling purposes. Here’s the full list of common credit cards used at internet casinos:
- American Express
- Discover Card
- Mastercard
- Visa
Debit Card Casino Deposits
Debit cards offer the same easy process for depositing as credit cards. The key difference, though, is that they take money directly from your checking account rather than offering credit.
Visa and Mastercard also feature the top debit card brands. Below, you can see the main brands accepted at online casinos:
- Maestro
- Laser
- Switch
- Visa Debit
- Visa Electron
E-check
An e-check allows you to transfer funds from your checking account to an online casino. You merely need to enter your account number and routing number to initiate such a transfer.
E-checks rely on the ACH network in North American and SEPA network in Europe. These payments are completely instant just like with a credit card.
Wire Transfer
A wire service lets you send money either online or by visiting an office that specializes in cash payments. Western Union, MoneyGram, and banks all offer this service.
One benefit to such services is that you can use cash to fund your account. You simply give the representative the amount you’d like to transfer and use the provided details to complete your casino deposit.
The downside is that wire transfer fees are higher than what’s seen with any other payment option. You may spend up to $35 to complete a transaction.
Prepaid Card
Prepaid cards see you fund one of these cards upfront so that you can later make a casino deposit. Such cards are either available for one-time usage or can be used repeatedly whenever additional funding is provided.
Anonymity is one of the biggest advantage to prepaid cards. You don’t have to give much/any information to use them.
Instead, you simply need to provide payment to a vender to receive your prepaid card. You then enter the given code on the card to fund your casino account.
What Methods Can Be Used for Online Casino Withdrawals?
Several of the banking options covered above can also be used to cash out from internet casinos. You can read about each of the methods that double as withdrawal options below.
E-wallets
E-wallets are optimized to be the perfect method for both deposits and cashouts. You can quickly choose to withdraw via an e-wallet and expect your funds within 0-24 hours.
Cryptocurrencies
Bitcoin and other cryptocurrencies allow for a simple cashout process. You just need to send funds from your casino account to your wallet/exchange using the proper wallet address.
Mobile Wallets
A mobile wallet, such as Zimpler or Apple Pay, also allows for withdrawals. You can send money back to your card by using such services.
Credit Cards
Credit and debit cards are typically only available as deposit methods. However, you can use cards to withdraw money in some cases too.
This option is available in certain regulated online gambling jurisdictions. In such cases, the funds will move from the relevant casino to your card.
Wire Transfer
Wire transfers provide a quick way to receive your casino cashouts. But just like with deposits, you need to be aware of the high fees.
FAQs on Online Casino Deposits
What Is the Most Popular Online Casino Deposit Method?
Credit cards are generally the most-popular option for depositing at gaming sites. However, certain banks that issue Visa and Mastercard-branded cards also reject casino deposits at a high rate compared to other banking options. E-wallets are quite popular too thanks to their ease of setup and use. The downside, though, is that the withdrawal fees (approx. 3%) are high. That said, you might consider depositing with e-wallets and using another method to cash out.
E-wallets are quite popular too thanks to their ease of setup and use. The downside, though, is that the withdrawal fees (approx. 3%) are high. That said, you might consider depositing with e-wallets and using another method to cash out.
Are Online Casino Deposits Safe?
Gaming sites take great care to ensure that their websites are secure from hackers. Many use Secure Sockets Layer (SSL) encryption to prevent hackers from stealing your banking details.
You should look for a padlock in the address bar of a casino site to ensure that they indeed have proper encryption. Assuming they do, then you have little-to-no reason to worry when depositing.
Why Do Some Casinos Ask for an ID Before Deposits?
Many online casinos let you deposit without showing extra identification. However, others may require a photo ID (e.g. driver’s license) and recent utility bill before letting you deposit.
Everything depends upon the exact casino and their policies. You might consider reading through a site’s terms and conditions before funding your account.
What Is the Minimum Deposit at Online Casinos?
Each gaming site can vary from the next regarding internet casino deposit limits. Some allow you to fund your account with just €10, while others may require a €20 deposit. You should check the banking section of any prospective casino to see what kind of deposits are required.
What Is the Maximum Deposit at Online Casinos?
Casinos can vary greatly on how large of deposits they allow. Some only let you fund your account with €2,500 at a time, while others allow you to deposit up to €100,000.
Can I Win Money Without Depositing?
Some online casinos offer no deposit bonuses. These deals give you free spins or a certain amount of money (e.g. €10) upfront.
You use these funds/spins to try and generate winnings that can later be cashed out upon meeting terms and conditions. You should make sure to enter the appropriate bonus code during registration to qualify for a no deposit bonus.
How Long Will It Take to Withdraw My Winnings?
The amount of time that it takes to get your casino winnings depends upon the method used. Cryptocurrencies, e-wallets, and wire transfers can require anywhere from 0 hours to a couple of days.
