Casino Banking Methods

When choosing a casino to settle on, there are a number of things you look out for. One of the most crucial factors is always available payment methods. This is because different countries and jurisdictions have different payment methods available to residents. Click to learn more.

What is a Casino Payment Method

Once you sign up at a casino, you might need to deposit some funds to enable you to play some games. So, how do you transfer funds from your bank account or credit card to your casino account? This is where payment methods come in.

Payment methods are simply a way by which you transfer funds from your bank credit card or even electronic wallets to your casino account. Lets now delve deeper into the topic and discuss some of the most common payment methods available in most casinos.

Electronic Wallets Payments

Electronic wallets are some of the most preferred payment methods for casinos. They are preferred for a number of reasons including their efficiency in the way they carry out the transfers. They include Skrill, Paypal, Trustly, eWallet, Perfect Money, and Neteller amongst others.

Merits of the Electronic Wallets

Electronic wallets offer quicker transfers of funds to your casino account. In fact, most of them are instant when it comes to deposits. Most withdrawals to any of the aforementioned e-wallets take up to 24 hours to be processed. Additionally, e-wallets are more cost-efficient in terms of transaction fees.


Credit Cards - Banking Methods

Another very common banking method at many casinos is credit cards. You can use your credit/ debit card to deposit funds directly to your casino account. Indeed, you can also withdraw funds from your casino account to your card as well. Below are some common brands.

Mastercard / Visa / Amex

Mastercard and Visa are some of the most known and established card payment processors in the world. For this reason, casinos acknowledge the fact that many users have access to them. For this reason, casinos allow players to deposit funds via their Mastercard/ Visa-branded credit cards.

Bank Wire Transfers

Bank wire transfer is one of the oldest money transfer methods for most entities, both brick, and motor or even online stores. Casinos also have traditionally used bank transfers to allow clients to add funds to their accounts or even withdraw their winnings.

Bank transfers are still used. Indeed, they are most recommended if you are intending to move large sums of cash from your bank account to your casino. The downside is that they are a little bit slow and may take up to 5 business days to be completed.

Transfers via Crypto-Currencies

The latest and most dynamic money transfer form to casino accounts is transferred via cryptocurrencies. Some of them include Bitcoin, Litecoin, and Etherum amongst others. These transfers are quick, low cost and generally efficient. It is a relatively new concept though some casinos are already offering it.

Wrapping it Up

Settling for a payment method at a casino requires diligence and proper research. Ensure to choose a banking method that keeps you safe and cant exposes your financial details to fraudsters. Also, ensure that you settle for a banking method available within your country as well.

Last modified: 20 January 2021