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Top 10 payment method options for online casino players
Maybe you've never played online, maybe you've been playing for years... but are you using the best payment methods out there? Check out our top ten list of online casino payment methods and see if you couldn't save time and money when it comes to deposits and withdrawals!
Top payment methods in short
Ready? Below is a summary of the top methods – you can read more about each of them further down. Are you using one of these at the moment?
Best for deposits
Paysafecard, Visa & Mastercard, instant banking services
Skrill, ecoPayz, Visa & Mastercard
Top 10 countdown for the ultimate online payment method...
You may have seen this newbie at least in Scandinavian online casino sites. Zimpler is a Swedish mobile payment provider that also has been known as PugglePay. It allows players to make deposits online using just their phone. It's similar to instant banking services with the exception that it runs directly from your mobile phone. Thanks to the service you don't have to pay the casino directly, you pay Zimpler, and they'll forward the payment to the casino.
The only downside of the service is that it requires a Swedish or Finnish identity number, so at the moment it's not for everyone.
9. Siru Mobile
Similar to Zimpler, Siru Mobile is a Finnish mobile payment provider that can be used in Scandinavia. It supports payments directly from the user's phone but also offers an e-wallet option. The problem with this method is that support for it is still limited, especially when it comes to getting withdrawals back to your own pocket.
This method can be considered the granddaddy of e-wallets, and PayPal would probably be at the top of the list due to its trusted service, good public profile and wide general acceptance practically everywhere online... if it wasn't for the country and other restrictions, as a result of which several online casinos only have a limited support for PayPal as a payment method.
PayPal creates a link between your bank account or credit and debit cards and the online merchant, giving you a chance to transfer money, make payments and cash out funds securely and easily.
7. Instant banking services
This section includes most of the instant banking services as they all tend to function in a largely same way as they act as a go-between with your bank account and the online casino you're dealing with. Payment providers vary by region and include:
iDebit, WebMoney, Euteller, Citadel Instant Banking, Sofort Banking, Przelewy24, Moneta.ru, Transferencia Bancaria Local, Abaqoos, uNet, eKonto, GiroPay, EPS, Multibanco, Boleto Bancaria, iDeal and many more...
What's the downside? As a rule of thumb these services can only be used for deposits, and if withdrawals are possible, they tend to take weeks. Also, as there is a good deal of electronic back and forth between the payment provider, the casino and your bank, payments have been known to time out especially with slower connections. That means that your money is stuck somewhere in between and sending the banking team at the casino chasing after the money takes time and patience which most players just don't have.
Therefore we recommend you keep on reading, and get yourself an e-wallet that can be used for both deposits and withdrawals.
If you're looking to make a quick and easy deposit to an online casino (or other online outlet), your mate who plays CS:GO online will probably tell you to walk to your nearest kiosk and get a Paysafecard; their website even has a shop locator so that you don't have to take any extra steps along the way. For online deposits they're the bee's knees as the only thing you need is your 16-digit voucher pin and the amount on the voucher. No credit checks, registrations or anything else!
Now, this would be the perfect payment method for casino players as well if it wasn't quite so... one-sided. You see, at the moment players can only make deposits with Paysafecard, and if the time to withdraw comes, they'll need to find another payment method, which will most likely include a good couple of verification steps before the payment is processed and you get to enjoy your winnings.
5. Visa & Mastercard credit and debit cards
You've probably used your Mastercard or Visa card for payments online already, so you know how it works: enter the amount you wish to pay, enter your card details and any applicable verification codes. These days most operators are fairly accommodating to those who do not have a full-blown line of credit with their bank and allow you to pay with a credit or debit card.
Some sites allow you to save your card details; whether or not you choose to do that is up to you, but we recommend you make sure the site uses a secure connection for all online transactions and you have Verified By Visa or MasterCard SecureCode enabled on your card for online payments.
Why isn't this option at the top of the list? A few reasons: credit card payments may get rejected if your bank or credit card provider isn't a fan of online gaming. Also, withdrawals to cards, while possible most of the time, do tend to take a bit longer than payments to e-wallets.
Neteller is a popular e-wallet that allows you to transfer funds online in a blink of an eye as long as you have funds in your e-wallet account. The account can be funded with several different methods, and withdrawals from online casinos usually take hours to reach you.
The only thing we'll grumble here about are the fees: Neteller applies their own fees to both funding the account and withdrawing from the account and these can vary from 1% (if you have any Bitcoins around) to an incredible 45% for some of the more obscure payment methods. International bank transfers are exempt from fees, but then your bank would charge you for making the payment so you'd pay anyway...
EntroPay is a virtual Visa card, which effectively is a cross between a prepaid card and an e-wallet; these days the service also offers a Mastercard option. It's a safe bet if you don't want to enter your actual card details to a website, and can't or don't want to apply for an actual credit card.
Before you make a payment, just make sure you have funds on your EntroPay account, and then enter your Entropay card number to the site where you are making the payment to have it processed instantly. The good thing is that you can also receive withdrawals to your EntroPay card, though processing times are similar to regular Visa and Mastercard withdrawals and you may need to wait a few extra days if you then transfer the winnings from your EntroPay account to your actual card.
A level up from EntroPay, an ecoAccount by ecoPayz comes with the option of getting an ecoCard - a prepaid card, or an ecoVirtualcard, a virtual Mastercard not unlike EntroPay but with more goodies. Registering the ecoAccount is quick and easy, and you can use both of them for secure and hassle-free deposits and withdrawals at online casinos.
One thing though: can you withdraw your winnings from an ATM? No, which is why this method did not quite score top points; unless you want to spend your winnings electronically at online shops that accept ecoPayz, you still need to withdraw the funds from your ecoAccount to your credit or debit card to get hold of them.
In the current online payments environment Skrill (e-wallet formerly known as Moneybookers) is the gold standard for a player-friendly payments service. Why?
The registration process is quick and simple.
Funding the account is easy and with bank transfers, card payments or prepaid vouchers, while fees are either non-existent or a lot more reasonable than with competitors.
International transfers and payments to online merchants including casinos are fast and secure.
- Get hold of your cash instantly with the Skrill Prepaid Mastercard that you can use in shops, at an ATM and online! You can access your money anywhere in the world and the ATM fees are very reasonable, with zero waiting involved!
A few more words about online payment methods...
Do note that some casinos insist that you have made your deposits with the same method as you are withdrawing to - they tend to enforce this rule especially with e-wallets, so make sure you're on the ball with that little detail.
Lastly we'd like to thank you for reading and remind you that while there is no one-size-fits-all payment method that would suit every online casino player, we hope you found your ideal method from the list above and get to enjoy the winnings from your games faster than ever in the future!
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