If you’re like many people, you play online casino games because of their convenience. Yet, depositing and withdrawing money from iGaming platforms doesn’t always feel convenient. Sometimes you can’t find your favorite payment option.
Sometimes the fees are high. But for many people, limits and speed are the biggest problems. How do you find the right online casino payment method?
Determine What You Want
Nearly every payment company has an Internet presence these days. But depending on your disposition, your casino payment choice might differ. Are you a high roller with a substantial budget? Bank transfer might be your best option.
So, you use card payments everywhere you go? Chances are you’ll love a Visa or MasterCard casino. On the flip side, you should consider PayPal or Google Pay if you like the speed and low fees in digital wallets.
Today’s online casinos also support Bitcoin and eChecks. And if you live in the US, precisely New Jersey and Pennsylvania, you can deposit through cash. You could also use Pay by phone, thanks to boku and Zimpler casino sites.
Ensure It Works with Online Casinos
There are many online payment methods out there. Some of them don’t process transactions to and from online casinos. This is particularly true for banks, cards and digital wallets. They could oppose casino laws for legal or corporate reasons.
It doesn’t matter. Choose a payment option that allows you to deposit and withdraw money from online casinos. Alternatively, find a gambling site that uses non-gambling names to ensure you can deposit without your bank flagging the transaction.
With e-wallets, there’s also the issue of a company not supporting players in your country. Google Pay, for example, isn’t yet available in all countries. PayPal, however, works in 200+ nations although it’s not a supported payment option at all casinos.
Test the Web Interface
Before you create an account at a payment app or website, check it out. Test the web loading speed. Look at the interface. Is it easy to use? Next, check whether it supports your preferred currencies, languages and banks.
Importantly, choose a payment provider with mobile support. Most online casinos run on android and iOS devices. It only makes sense to deposit through a website that can also run on your smartphone.
Truth be said, most modern payment companies have professionally designed sites and apps. It’s difficult to find an e-wallet or crypto gateway with a terrible interface. Still, shop around to find payment options with the most user-friendly interfaces.
Choose Fast Payment Providers
When it comes to depositing money to casino sites, ensure the process is instant. Preferably, choose an app with zero fees. No one wants to wait a day or week before money gets to their account.
Of course, we also want to play with the exact amount of money we deposit. Luckily, most online casino payment options provide instant deposits and zero deposit fees. Bank transfer is the only exception—it can be slow.
Unfortunately, it’s rare to find a casino site with zero withdrawal fees. In fact, finding a site with quick withdrawals is a hassle. All the same, take time to find the best operator available. Ensure the app processes money within a day or two and the fees are no more than 3% of your winnings.
The minimum deposit at many online casinos is $10. The maximum you can deposit or withdraw is $10,000. Although these limits suit the majority of online gamblers, it doesn’t mean you can’t find a site with better limits.
Let’s say you want to test a dozen casino sites before you choose the right one. And because you want to keep your expenditure low, your aim is to spend $1 at every website. One-dollar casinos exist, so you don’t have to settle for $10 platforms.
On the flip side, $10,000 might be low for some people. In that case, shop around for a high-stakes casinos with limits in the upwards of $100,000. Obviously, also ensure the site has high-roller games.
Note: some casinos payout large sums of money in monthly instalments. Look operators that pay you the full amount once, whether you win $50,000 or $5 million.
Qualifies for Bonuses
Let’s face it. Everyone loves casino bonuses. Slot players love free spins. Blackjack fans cherish bonuses. That’s because casinos freebies are worth real cash. Sure, you can’t cash it out right away. But you can use it to win real money.
Now, not every payment option can help you earn a bonus at your favorite online casino. Take Skrill and Neteller as examples. Although you can use these e-wallets to deposit and withdraw money from hundreds of iGaming sites, you might not qualify for a bonus.
The explanation is that Skrill and Neteller have or had lax account creation rules. And this made it possible to create multiple accounts, something that encouraged bonus abuse. The companies have since changed their rules. But it’s still not uncommon to find sites that won’t award you a bonus if you use either payment option.
Safe and Reputable
A lot is said about fraudulent casino sites. However, you could also lose money to a fraudulent payment company. Before you use an e-wallet or altcoin to deposit money, look for safety features.
Does it encrypt your data? Does it keep your money safe? Does it support two-factor authentication? Look at everything you need to look for to be certain it’s safe. For better results, read reviews about the company.
You might not have a good idea about a digital wallet. But someone out there has used it. If they were scammed or had a poor experience, then you should avoid it. If it has rave reviews, give it a chance.
After choosing a good online casino, take time to find the ideal payment method. Look for security and trust features. If it’s safe and reputable, next look at its features. The best payment provides process transactions quickly while charging low fees.