Deciding which deposit method to use to credit your new online casino account can be a real head-scratcher, especially considering that options vary from one country to the next, and that there are different types to choose from. Ultimately, you want to ensure that your transactions are secure, and that your funds reflect quickly with as little hassle as possible.
Different types of online casino deposit methods
Each deposit type has it’s pros and cons – read about each method below:
Credit & Debit Cards
Both VISA and MasterCard are widely accepted for internet casino transactions. American Express and other cards are not as common. Whilst this is probably the most popular method out there, not all online casinos will necessarily accept the one issued by your bank due to country regulations. So you may have to do a bit of research beforehand in order to find the best fit.
E-wallets allow you to keep money in an account specifically used for internet spending without the need to continuously withdraw from your bank account. This method is extremely convenient and also widely accepted at online casinos.
Most popular examples of E-wallets / electronic wallets:
PayPal – This method has gained huge popularity in the US since 2002 and is known all over the globe. PayPal will not do business with casino websites that are not properly licensed and regulated, and as such the safety of your online transactions are guaranteed.
Neteller – Trusted world-wide, Neteller is the largest electronic wallet provider, and handles the majority of web-based casino transactions.
Skrill – Previously known as Moneybookers, Skrill is Neteller’s biggest competition in the gambling industry. Safety and security is guaranteed as it is regulated by the Financial Services Authority (FSA) of the United Kingdom.
Transactions Direct From Your Bank Account
Sending funds directly from your existing bank account to your online casino account is possible in a number of different ways. Mostly this involves pulling funds from your bank account and sending it to the authorized casino account in the form of a wire or echeck, or instructing an online banking system to facilitate the transfers.
Examples of direct transfers:
Wire transfer – Also commonly known as an electronic funds-, bank- or bank wire transfer, this method is used with reasonable safety and ease to credit your online gambling account instantly.
eCheck – This method is very straightforward and works in exactly the same manner as a paper check, just in virtual form. To deposit an instant paperless check into your casino account you simply require your bank’s name, routing number and account number.
PoliPay – This product for New Zealand and Australian players enables the payment of goods or services without the need of a credit card, through a direct connection between the customer’s internet bank account and the merchant’s website.
Pre-paid provides an anonymous payment solution for consumers who would prefer not to disclose any of their financial information. Cards or vouchers are purchased at specified local vendors at a certain value, and can then be used to obtain credit at an online casino.
Examples of pre-paid methods:
Ukash – This UK based product allows punters to buy vouchers from various kiosks, ATM Machines and retailers. Vouchers contain a 19-digit pin code that can be used for web-based spending, including funding your online casino account.
PaySafeCard – Similar in function to Ukash, PaySafeCard is an Austrian e-voucher that is sold at outlets across 22 European nations as well as Argentina. It contains a 16-digit pin code and is widely accepted at online casinos across the world.
10 most popular methods incl. withdrawal times
|RANK||METHOD||PROCESSING TIME||WITHDRAWAL TIME|
|1.||VISA||Instant||2 – 5 working days|
|2.||MasterCard||Instant||2 – 5 working days|
|3.||eCheck||Instant||2 – 5 working days|
|4.||InstaDebit||Instant||24 – 28 hours|
|5.||iDebit||Instant||24 – 28 hours|
|8.||EntroPay||Instant||1 – 5 working days|
|9.||EcoPayz||Instant||24 – 28 hours|
You ask, we answer
|Q:||How long does it take before my online deposit reflects in my casino account?|
|A:||How quickly funds appear in your online casino account all depends on the deposit method you use as well as the online casino you want to play at. There are methods that are instantaneous whilst others can take as long as weeks to appear.|
|Q:||Must I use the same method to withdraw my funds that was used to make the deposit?|
|A:||You will find that each casino has its own policies regarding deposits and withdrawals, but that most will accommodate the same withdrawal as deposit methods. The best way to check is to contact the casino’s cashier or client service centre to find out what they allow. Check our guide on withdrawing funds from an online casino.|
|Q:||How do I know if a deposit option is safe to use?|
|A:||The answer to this question goes hand-in-hand with selecting a reputable casino. Trust recommendation sites such as this one, as well as conducting your own research based on reviews on a casino’s historical performance with regards to payments etc.|
|Q:||What type of deposit method is best for international players?|
|A:||To find the best deposit option that is most suited to you, look for the choice that offers the lowest fees and fastest turnaround times.|
|Q:||How can I tell if my online casino deposit was successful?|
|A:||Many online casinos offer a majority of instant payment options to select from. For enquiries about a deposit it is best to contact the online casino you would like to play at, as they should have a department that deals exclusively with financial queries, to address any questions you may have.|
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