When you sign up to a fully licensed online casino that’s controlled by a reputable company to play games in the real money mode, it’s important that you choose the most secure, reliable, easy-to-use, and convenient online payment solution.
On this page, we will be revealing how to choose the right payment method that will enable you to rapidly and smoothly process deposits and withdrawals at your favourite online casino.
What different payment methods do online casinos accept?
Back in the day, we’re talking about the mid-90s, when the first online casinos started popping up, and right through to the early 2000s, online casino players could only really use credit or debit cards to deposit money into their online casino accounts.
At some sites, it was also possible to use various other methods, such as direct/instant bank transfers (less common) or even slower methods, such as sending in bank checks (or cheques if you’re based in the United Kingdom). You could even send in payments via Western Union or by physical money couriers.
However, in 2023, things are completely different. Today, you can deposit and withdraw at licensed online casino sites using the following tried and tested methods:
- Credit cards and debit cards – Visa, American Express, Maestro, MasterCard, JCB, Discover, and Diners Club + many others
- Direct/ACH/instant bank transfers – Trustly, Interac, Bank Wire Transfers, Instadebit, Euteller, Sofot, iDebit, and POLi, to name a few
- Digital wallets (which some people refer to as electronic wallets, e-Wallets, or web wallets) – PayPal, Paytm, Jeton, Skrill, ClickandBuy, Apple Pay, Neteller, EntroPay, WebMoney, EPS, eZeeWallet and over 20 others
- Prepaid vouchers/cards – MST Gift Cards, Revolut, CashtoCode, Paysafecard, Flexepin, and AstroPay Card
Can I claim a welcome bonus with any of these deposit methods?
That’s a very good question. When depositing with any of these methods, you can usually claim some amazing casino bonus offers. Each casino is different in terms of what new kind of welcome bonus it offers new players.
Also, before claiming a new player welcome bonus, always take a few minutes to read through the bonus Ts and Cs because sometimes, certain deposit methods are excluded from the welcome bonus offer.
You may find that an online casino is currently offering all new players a 100% match bonus worth up to $/€/£100 (or equivalent currency value).
If you read the small print, it might say that deposits with digital wallets, such as Skrill, PayPal, and Neteller, do not qualify to claim the bonus. In other words, if you deposit with one of these methods, you will miss out on the bonus.
At other online casinos, it might say that you will ONLY qualify for the bonus when depositing with one of these digital wallets, which is why we always say it’s worth checking the small print because you don’t want to miss out.
You can also now find a growing number of online casinos that accept cryptocurrencies. This means that you can now deposit and withdraw at some sites using RTH (Ethereum), BTC (Bitcoin), DOGE (DogeCoin), XRP (Ripple), ADA (Cardano), DOT (Polkadot), TRX (Tron), AVAX (Avalanche), SOL (Solana), RUNE (Thorchain), MATIC (Polygon), and CRO (Cronos), to name a few major cryptos.
How to choose the right online payment method
Before choosing an online payment method, you first need to consider which method would be best for you. For example, some of your friends would never use a credit or debit card at an online casino, but it might be the ideal payment solution for you to top up your account and withdraw your winnings.
However, if you’re based in the United Kingdom, you cannot use credit cards to deposit or withdraw at real money gambling sites due to new online gambling legislation that came into effect in April 2020. Therefore, UK players have to use something other than credit cards to deposit at their favourite online casino.
Similarly, you might love using digital wallets/e-wallets, such as PayPal, Apple Pay, Neteller or Skrill, to pay for things, but your friend might not like using digital wallets for whatever reason.
In other words, try to choose the payment method that would best suit you, and don’t let anyone tell you which payment method you should use.
Most of these methods are free to use, but even if a transaction fee is attached to some of these payment solutions, the fee will be nominal and hardly noticeable in your statement.
Also, some online casino payment methods can be used for deposits only. Others can be used for withdrawals only, but the best ones can be used for deposits and withdrawals.
We would always recommend using a payment solution that processes deposits and withdrawals. This means you don’t have to worry about using two different methods.
To deposit real money at licensed online casinos, you generally need to be at least 18 years old. However, it could be 19, 20, or 21 in certain countries, so always check before attempting to sign up.
For more information about any of the trusted payment options mentioned above, one of the best sites you can turn to is the official AskGamblers.com website.
