- Online Casinos
- Payment Methods
- Casino Games
Every year the online casino industry welcomes new trends in payment methods, marked by increased accessibility and safety for players. Credit card payments dominated the market share in the early days of online gambling, but in recent years we have seen a rapid rise in the popularity of e-wallets thanks to their focus on mobile integration and seamless convenience. On this page, we explain the different payment methods available, which methods are trending, and where you can find online gambling sites that offer the most diversity in terms of payments.
Popular online payment methods for gambling vary by region and some payment methods are region-specific. For example, Amazon Pay is popular in the United States but not in many other countries. Bancomat Pay is a mobile payment app that is widely used in Italy, JCB is a credit card that is well-known in Japan, and MultiBanco is a popular choice for online casino transactions in Portugal.
There are loads of payment methods available. Some of them are popular in one or two regions and others are widespread in several countries. That being said, when you look at online casino payments on a global scale, the payment methods with the highest number of transactions are listed alphabetically here:
Some of these online payment methods are used extensively in specific groups of countries and not others. Trustly is the preferred method of payment for many online gamblers from European and Scandinavian territories such as Poland, Estonia, Finland, Denmark, Norway, and Sweden.
You can find out which payment methods an online casino supports by looking at the casino’s Banking or Payments page. You can also register an account at the casino and navigate to the Cashier or Banking area to determine the exact payment methods available to you.
What is a Payment Method in Gambling?
A payment method is a way of making payments or moving money from one account to another. You can transfer money between two accounts that are the same or between two accounts that are different. For example, you can transfer money from a credit card to another credit card or you can transfer from an e-wallet to a credit card.
When it comes to online gambling, you want to be sure that the payment method you are using is safe, reliable, and speedy. This way you can top up your account easily whenever you feel like playing, without having to wait. Your withdrawals will also be paid to you without any hiccups or long waiting times.
Payment methods are facilitated by payment processing networks or payment providers. VISA is a popular payment processing network for credit card payments. Similarly, Neteller is a popular e-wallet payment provider.
In the past, transfers from one bank account to another (bank transfers) were facilitated primarily by the holding banks. These days there are many third-party payment providers that complete online transactions between bank accounts, such as Trustly, EasyEFT, and POLi.
The benefits of using third-party payment providers to complete online casino payments include:
Payment providers simply help us move money around (transfer) when we play at online casinos. Numerous payment providers facilitate each type of money transfer or payment method.
Frequently asked questions about Payment Methods
All the payment methods that we’ve discussed on this page are considered safe. Each of the methods has built-in security features that protect players from fraudulent activity.
Yes, some online casinos will give you a bonus for using a specific payment method. However, it’s more common for casinos to offer a general bonus regardless of which payment method you use. The casino may exclude certain payment methods from receiving the bonus. If you plan to claim a bonus, confirm with the casino that the payment method you are going to use is not excluded.
You can find the best bonuses for various payment methods on this site. We review hundreds of bonuses and only the top bonuses with the most reasonable terms and wagering requirements make it to our recommendations.
Most online payment methods are instant, which means that deposits will reflect in your casino balance immediately. Delays are rare but can happen sometimes and are usually processed within a few hours. The exception is wire transfer deposits, which may take a few days to reflect in your casino balance.
Cryptocurrency payments and e-wallet transfers are the fastest payment methods for withdrawals at most online casinos. Withdrawals may reflect in your e-wallet or digital wallet account immediately, or they may take a few hours to reflect.
The time it takes for withdrawals via Visa or Mastercard to reach your account depends on the casino you are playing at. Online casinos have different internal processing times for withdrawals. However, once the casino has released the withdrawal, it should reflect in your bank or credit card account within 2 to 5 business days.
They might. Some online casinos charge fees while others don’t. Some casinos add fees for specific payment methods and not for others. They may deduct fees for deposits or withdrawals or both. You should confirm the fees with each online casino to be sure.
Some of them do and some don’t. Many e-wallets are popular for withdrawals because they don’t charge any fees when money is transferred to your e-wallet. However, some of them do add fees for withdrawals. The same is true for deposits. It’s also important to keep in mind that your bank may charge fees for deposits or withdrawals even if the payment provider that you use to transfer the funds doesn’t charge any fees. On a positive note, fees are usually kept quite low.
Types of Payment Methods
The different online casino payment methods can be grouped into several broad categories: online bank transfers, card payments, e-wallets, prepaid payments, and cryptocurrency payments.
Many of the categories overlap for certain payment methods. For example, ecoPayz is an e-wallet but it can also be used as a prepaid payment method. The difference between ecoPayz and an alternative prepaid payment method, like Neosurf, is that you have to sign up for a free ecoPayz account before you can use it. Once you’ve signed up for an account, you’re free to use its prepaid services and e-wallet services.
Below, we’ve listed popular casino payment methods under their primary categories. But keep in mind that some of them could technically be placed into more than one of these categories.
The Top 5 Payment Methods
Looking at transactions at the most popular online casinos gives us a clear picture of the most used payment methods for online gambling. These are the top 5 methods for both deposits and withdrawals, listed in order of popularity:
A wire transfer is simply a bank transfer that is processed without making use of a third-party payment provider such as Trustly, Interac, or Zimpler. With wire transfers, the transfer of money from one bank account to another bank account is processed between the banks themselves.
When it comes to withdrawals specifically, the popularity of the top 5 payment methods changes slightly. Players tend to stick to Visa transactions for their withdrawals, but then they turn to Neteller, Wire Transfer, Skrill and Mastercard.
Casinos Supporting Most of Payment Methods
If you’re anything like us, you probably have accounts with several banks and e-wallets or digital wallets. As a regular online casino player, it’s practical to be able to move your winnings to accounts where they’re needed.
Playing at online casinos that offer a good variety of payment methods allows you to withdraw and deposit money to and from various accounts. Fortunately, most online casinos support more than one payment method.
Some online casinos offer a well-rounded collection of the most popular payment methods for online gambling. Here are some of our top choices for online casinos that provide plenty of payment options for deposits and withdrawals:
You will find that most of the online casinos we recommend offer a good selection of e-wallets, bank transfers, debit cards, credit cards, and prepaid payment options. Many of them also support cryptocurrency deposits and withdrawals.
The payment methods offered at online casinos will be different for players depending on the country that they are playing from because certain payments are not available in all regions.
The easiest way to determine which payment methods you can use at online casinos is to register an account. Registration takes less than a minute at most of our recommended casinos and it’s completely free. Once you’ve signed up, open the Cashier to view your payment options.
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