If you are new to online gaming, you may be a little apprehensive about payment methods, there being lots of them including, PayPal, MasterCard and Skrill, among others. So, which is the best for you to settle on? In this guide, you will learn everything you need to know about the best casino payment options for beginners and expert players.
Selecting an ideal payment method for online casinos is vital, but it is also of equal importance to understand the pros and cons that come with each. Your playing preference and country of origin, among other factors all come into play when making the most appropriate casino payment methods. What’s important is to understand what all these methods offer. Understand that there are many options available to you, meaning that if you are a beginner, you are likely to get confused. Most online casinos are up to please their customers and will, therefore, present a host of payment methods, with the most immediate being wire transfers, which are normally fast and easy.
Top Deposit and Payment Methods
Online casinos can be celebrated for the plenty of advantages they present, one of them being the fact that they accept mobile payment options. This form of payment makes it easy to carry out transactions, unlike the conventional casino payment methods. Here are the top methods.
E-wallets include Skrill, Neteller and PayPal. Among the best deposit methods, this is the most popular method. It is an intermediary between the bank/credit card and the online casino and happens to be very easy to use, with the payment process taking a very short time. You load funds to the e-wallet using your card and later deposit the funds to the online casino.
Although it varies based on the amount being deposited, its commissions are often low. If you are a gambler who deposits or withdraws low amounts such as 10 GBP (£), this is the method to use. However, if you transact large amounts, the commissions tend to be higher. You can, however, limit your budget using this method. Here, limiting means you cannot spend more. Additional advantages of e-wallets include:
- You get better control of your funds: This is whereby you can connect the mode of payment with a card specifically meant for gaming.
- Your financial information stays safe: You only get to share your information with the e-wallet operator.
- High speed and reliability
- You are free to use one e-wallet for all your online gambling needs
This is a one of the most popular and best online casino payment method for gaming. Here, the options include Paysafecard and Visa. They tend to be easy to acquire and load, protect your personal data, and give you better control over your expenses. When your bank declines the use of their credit or debit card, you can use prepaid cards. One disadvantage about prepaid cards is that you cannot use them as ATM’s as a result of their one-off nature. It means you need to have an alternative withdrawal method.
Credit and Debit Cards
These were the very first online casino payment methods used. Top examples are Visa, MasterCard and Visa Electron.They happen to be the most convenient deposit methods for your online gaming. However, you need to weigh the options. Here, you will be exposed to sharing your sensitive information with different bodies. Your bank will also follow your gaming habits. When it comes to gambling, not all credit and debit cards function the same. Here is the difference:
- Visa- it allows the depositing and withdrawal of funds
- Visa Electron- Unlike Visa, which is a credit card, this one is a debit card. It means you can easily deposit any amount you wish. Just like Visa, you can also withdraw using Visa Electron.
- MasterCard- it acts as a debit and credit card. You can deposit using it, but you cannot use it for withdrawals, meaning you are left with the option of getting an alternative method.
This is an emerging trend being embraced by keen gamblers. If you haven’t heard about it, Bitcoin is a cryptocurrency. There are lots of Bitcoin casinos today, and the number is growing by the day. The reason this method is being embraced is that it is making it easier for gamers to deposit and withdraw funds than is the case with other casino payment methods. Here, you get zero third-party fees, low transfer charges and great security features.
As you can see, there are multiple options for payment. It is upon you to rely on what you believe are the best casino payment options. There is always a casino that accepts the method you choose. You only need to know what currency to use and the bonuses you get to make your gambling experience fun.