Online casinos: Understanding different safe and trusted payment methods

If you shop online, you’ll find a treasure trove of payment methods available. Playing at an online casino is no different. Online casinos now offer more payment methods than ever before. On this page, we’ll look at the main ones, but there are dozens more not included on this list. Many payment methods are so niche that they aren’t worth worrying about anyway.

Not all casinos accept all payment methods

Firstly, bear in mind that not all casinos will accept all payment methods. It takes a great deal of effort to get set up with certain payment methods, so the bulk of online casinos will stick to the few we have on this list, with the potential addition of a few localised options.

If you’re looking for certain payment methods, such as Mastercard, then we highly recommend that you check out websites like CasinoMeister, which go into depth about the various payment methods accepted at each online casino. This will really help you find the right place to play.

A note if you’re in the UK

A couple of points to make if you’re in the UK. Due to licensing restrictions, casinos dealing with gamblers in the UK must follow these rules:

· You can only withdraw using the payment method that you used to make a deposit unless there is a legitimate reason why you cannot. For this reason, most people will stick to the more versatile payment methods, such as e-wallets. This provides users with the ability to withdraw their cash how they want.

· You cannot make a deposit using a credit card. This is intended to prevent people from gambling with what is essentially ‘loaned’ money. This is fair as users should never gamble with borrowed funds.

These rules may also apply to other countries too. For details on the available deposit methods, always consult the online casino’s help pages.

Debit cards

Debit cards are the most common payment method at online casinos. It is a common payment method that is used for all sorts of online payments. Debit cards allow you to instantly make a deposit into your account. If you make a withdrawal to your debit card, then it will be processed as a refund.

Bear in mind that if you’re depositing using a debit card at an online casino, the debit card must be in your name and tied to your address. This is to ensure that you pass all the identity checks.

There should not be any fees associated with a debit card payment. Payments are processed by a third party. Ensure that you check the URL bar on your web browser to be 100% certain you’re using a secure server. There should be a locked padlock, and https:// before the website address.

Bank transfers

Bank transfers require a bit more effort, although most bank transfers should be instant if you’re playing at a British casino. Bank transfers require you to set up a transfer from your bank account. The online casino will give you the payment details. This includes a small code to enter as the payment reference.

Once sent, the payment should be received by the online casino within a few minutes. However, weekends and bank holidays can delay the payment. Some banks are also notoriously slow, which means that things can take a couple of days, but this is rare.

Bank transfers are secure as long as you get the right payment details for the casino.

E-wallets

E-wallets, such as Skrill and PayPal are one of the most common ways to pay at online casinos. This has become especially true since PayPal started to work with online casinos in the last few years.

E-wallets are popular because they are convenient. You can tie multiple payment methods to an e-wallet and store cash in your e-wallet. This means that when you use an e-wallet, you can use the payment method you want, and the online casino can’t see your payment details. It is much more secure.

E-wallets are typically instant for both deposits and withdrawals. There are usually no fees associated with deposits.

Cryptocurrency

Cryptocurrency isn’t accepted by all online casinos. However, if a site accepts Neteller, it likely accepts crypto without directly saying so. Like most payment methods, you will want to understand the payment method before using it.

Online casinos that accept cryptocurrency will almost always convert your crypto into the local currency, and you’ll then gamble with that. When you make a withdrawal, the cash will be converted back to crypto. However, there are some casinos where you can gamble directly with cryptocurrency.

For players using cryptocurrency, it’s also worth considering using a VPN. A VPN can help ensure your privacy and security when accessing gambling sites, especially if you’re traveling or in a region with strict regulations. It’s an essential tool for those who prioritise anonymity when handling digital payments online.

Cash

Some online casinos run by the big brands, such as the high street bookies, will often allow you to make a deposit in cash. Those that don’t may accept Paysafecard, which you can purchase using cash at many stores. Paying with cash is secure. You’ll need to consult the online casino to find out how this works. It is not the fastest method as you will need to physically go somewhere, but it is one of the safest.

Final thoughts

Remember that it isn’t just the payment method that needs to be secure, the online casino does too. Always do your research to make sure that you’re gambling at a reputable site before you hand over your funds.