There are two main things every avid online gambler must pay attention to the reputation of the online casino and the convenience of money transaction methods. The latter is our main point of focus in this article.
There are tons of online payment methods in the casino industry, and if you are new, you may have a hard time choosing a reliable option to help you deposit and withdraw your funds. In most cases, online casinos will allow you to cash out your winnings using the same deposit method you used. Unlike traditional brick and mortar casinos, online casinos support multiple money transaction methods, including credit and debit cards, electronic wallets, bank transfer, mobile payment, and cryptocurrencies.
But before we go in details, it is vital to know some of the factors to consider when sourcing an excellent online transaction method.
How to Select a Good Payment Option
With such a vast collection of options to choose from, it can be hard for both new and veteran online gamblers to select a suitable payment method. Here, we have listed some of the elements that define a reliable payment option:
Duration of the Transaction: An appropriate payment option should allow you to make instant deposits while withdrawals should take between 24hrs and 76h hours. There are some payment options that take up to 15 working days to complete your withdrawal request.
Charges or Fees: Most online transaction methods will not charge you anything while depositing your funds. However, you may incur some transaction fees while withdrawing your money. Always chose a method with the least or no withdrawal fees.
Security: The security of any payment option is very vital. We suggest that you payment options that utilize the latest security protocols like 128/256 bit SSL encryption or any other trusted technology.
Limitations: The withdrawal limits is another essential factor to consider when selecting online payment methods. Don’t go for a transaction method that is limited to only a few countries. As well, you should avoid online casinos that set high withdrawal limits.
Top Trustworthy Online Transaction Methods for Casinos:
Neteller is a popular online payment method which is categorized as an e-wallet. For the past two decades, this company has been helping players to deposit and withdraw funds from their casino accounts. One of the advantages of using Neteller is instant deposit and withdrawals take 24 hours to be completed. Also, this company runs its own promotions that benefit their customers. It is available in more than 200 countries around the world and accepts 26 different currencies.
Skrill is another widely used and accepted the online payment method. This company was formerly known as Moneybookers, offers fast deposit and withdrawals to users. The benefit of using this payment option is that you will be able to control access to your account details from one location. Also, this option is accepted by most leading online casinos in the world.
Trustly is a Sweden based company that has earned a name across Europe for excellent services. This payment option is available in more than 29 countries and is simple and straightforward to use. What’s interesting is that you can make an instant deposit without registering or entering your details, as long as your preferred bank account is affiliated to Trustly network. You will not be charged to transfer funds to your casino account, and it can be used for both deposits and withdrawals.
Mastercard is not only a popular payment option but also, one of the most used in the gaming industry. This method supports instant deposits and speedy withdrawals with minimal or no charges. One of the major downsides of Mastercard is that some online casinos dont allow withdrawal via the same. Nevertheless, it is secure and reliable for all payments.
Visa is another debit and credit cards that are widely accepted by almost all reputable online casinos. Like its counterpart, Mastercard, this online transaction method does not charge any fees on your deposit. Visa allows both deposits and withdrawals to many online casinos around the world.
Ecopayz is a leading e-wallet which allows you to deposit and withdraw your fund from your online casino account. It is one of the safest and most reliable alternatives to debit and credit cards. Additionally, Ecopayz offers ecoCard for all your confidential online transactions. You can use this online money transaction option in many renown casinos.
Zimpler has been offering casino mobile payment services to Swedish and Finnish players since 2016. This method allows smartphone users to make hassle-free online money transactions from several casinos. One of the most amazing things about using Zimpler is that it’s easy.
Paysafecard is the best deposit method to use in any online casino. Unlike most online money transaction methods, this is a voucher that can be bought at any local vendor and be used to fund your account. It uses a unique one time 16 digit code to transfer funds to your account instantly. The fact most gamblers use it is that it is entirely anonymous and secure.
Many online casinos are adopting cryptocurrencies as one of the payment options. This because of they absolutely anonymous, safe, and speedy. There are different types of cryptocurrencies you can use in online casinos such as Bitcoin, Ethereum, and Litecoin.
Just as there are tons of online casinos in the market today, so are the payment options. You need to consider several aspects including easy of payment, security protocols, charges, and limits, and much more when determining a reliable and convenient online money transaction method for casinos.