Top 7 Banking Methods Used at Online Casinos
- Mar 03, 2020
- 7 min read
There are many online casino banking methods to choose from in the online gambling industry. You can rely on your bank via debit cards or a wire transfer, or you can try an intermediate software for quicker transactions and some additional layers of security. It is all up to you! Below, we here at CasinosLists.com have made a selection of the 7 most well-known and player-appreciated online casino payment methods for you to choose from.
Of course, these options and clearly not the only ones out there, but they are secure, popular, and won’t charge you double the deposit you are willing to make. So, if you want to find out which they are, then keep on reading!
7. WIRE TRANSFER
The simplest method of transferring a certain amount of money from one bank to another, the wire bank transfer is available for both online casino deposits and withdrawals. It is one of the oldest and most reliable payment options for gambling, as it does not imply any additional intermediates. The only big downside is the effort on your part in terms of obtaining the bank details of the online casino. What is more, wire transfer can also be quite expensive in some countries due to fees charged by both parties involved.
Therefore, before pursuing a wire bank transfer, you need to ensure that you are well informed on the topic. Still, once you have the details you need, it is a fairly hassle-free procedure, so it might be worth trying out.
One of the best-known banking methods for online casinos, Ecopayz enables instant transactions through credit or debit cards, as well as the brand’s very own ecoVouchers and ecoCards. The latter two are linked to your ecoAccount and make any payment easier and more convenient. The EcoCard is a prepaid contactless card that you can gamble with, while the EcoVirtualCard is a one-use payment card linked to your account. Ecopayz accepts €EUR, £GBP, and $USD as currencies.
The video below presents Ecopayz’s features to help you see how it all works:
Neteller works as an electronic payment buddy whose aim is to help you make pursue instant deposits at online casinos. The concept also implies a virtual wallet available in 15 languages and currencies among 200 countries worldwide. Neteller is fast, safe, confidential, and it can also be used for withdrawals, along with transactioning and holding funds, all for a 1% fee. Signing up is easy and you only have to provide the required information in order to be able to make an instant deposit.
In this short tutorial below you can see what it is all about:
For more information on Neteller, you can take a look at Chipy's Neteller playlist.
Bitcoin is a peer-to-peer anonymous cryptocurrency. As a result of mining, its information operates through wallets known as Bitcoin Wallets. Bitcoin offers additional security, considering it is not a part of a bank or controlled by any third parties. The transactions are direct and do not require any additional steps. In order to obtain Bitcoin, you have to access specialty websites, but the procedure isn’t too complicated. Bitcoin is anonymous, but you will have to provide some personal details at your online casino of choice in order to withdraw your winnings by Bitcoin.
The presentation below will surely help you discover more about Bitcoin:
3. CREDIT/ DEBIT CARD
You can use either Visa or Mastercard in order to deposit and withdraw money at online casinos using a credit or debit card. This implies that you have to obtain said card from your bank of choice. When talking Visa and Mastercard, it’s important to mention that each one of them has its local partners in most countries around the world. Thus, you should have no trouble at all finding a bank to issue you this type of card in your area. Just remember that you need to provide private information and consider the adjacent fees of any transaction in order to deposit and withdraw funds via a credit or debit card.
Keep in mind that The UK banned credit cards for gambling purposes, and you can read all about it in our dedicated News section. This means that users from England can no longer transfer funds in this way while playing online casino games.
PayPal may very well be the best-known instant online payment service around that is also frequently used for gambling. Its fees are convenient, changing depending on your region, its interface is appealing and simple to use, and when you also throw fast processing in the mix you have the perfect banking method for online casinos. PayPal is available worldwide in many languages, and it is even able to convert currency for you. Withdrawals are also an easy procedure that only implies providing some required data.
Besides watching the video below, you can also check out PayPal’s dedicated section here on CasinosLists.com for more information on the topic.
Skrill is still the first choice for players when it comes to online casino payments. Besides being one of the safest payment methods around, it also is the fastest operator for deposits and withdrawals. In terms of registration and procedures, Skrill is pretty similar to PayPal. Most casinos accept it,even new casinos as Emre from casinobee.com sustains it that “is available almost worldwide”, but remember to read through the reviews and also check out our blacklisted casinos page to see which operators to steer clear of. This can also easily be done by accessing Skrill’s casinos list and playing around with the filters you can find there.
Watch the video below to find out more about Skrill’s step-by-step verification procedures:
If you want to see more Skrill tutorials, you can watch Chipy's Skrill tutorials Youtube playlist.
ONLINE CASINO PAYMENT METHODS
One crucial step when it comes to gambling at online casinos is choosing a banking method that can mediate all of your transactions. We here at CasinosLists.com don’t want you to waste your money on scams or complicated procedures. There are many payment methods out there that you can safely use for gambling purposes, but we can’t make the decision for you This article wasn’t an easy choice, as there are many other excellent payment methods out there, such as Paysafecard, Sofort, Trustly, Zimpler, and many others. All of the ones presented in this article are 100% trusted and secured, but it is up to you to see what suits you best. Good luck, player!