Revealed: The Best Online Casino Payment Methods
By
Jane Shaw
Senior Editor Updated: 12/15/2023
We count on Jane to inform our readers about the latest slot games in the US market. With her passion for video games and a degree in engineering, she’s our gambling tech expert. Jane’s also active in our blog section, where she tackles the curiosities and changes in the industry.
Online Casino Payment Methods
- Casino Payment Methods
- Choosing the Best Online Casino Deposit Methods
- PayPal: The Industry-Leading EWallet
- Skrill: PayPal 2.0
- Paysafecard: Controlled Gambling
- Crypto: A Beginner’s Guide
- Mobile Options
- Frequently Asked Questions
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Navigating the vast world of online casino payment options can be as tricky as hitting those elusive jackpots; after all, you want quick, secure, and easy transactions to match the pace of your gameplay, and, whether you’re a high roller or playing just for fun, the right payment method can make all the difference. This blog looks at the different online casino payment methods you can use at most sites – showing you the pros and cons of each.
Online Casino Payment Methods
The right online casino payment methods are your ticket to a hassle-free gaming experience. From traditional cards to EWallets, each payment method you’ll find at online casinos comes with its own unique pros and cons; picking the right one means less time worrying about deposits and withdrawals and more time enjoying your favorite games.
Thankfully, today, there are more US casino websites than ever – and this means there are more payment methods available than ever too! This blog will look at some of the most common payment methods, and we’ll discuss the pros and cons of each.
Choosing the Best Online Casino Deposit Methods
The best online casino deposit methods are a blend of traditional convenience and modern technology. In the early days of online gaming, players were limited to a few, often unreliable, payment methods. Today, the landscape has completely transformed, and you can choose from a vast array of options, each boasting faster transaction times, enhanced security features, and tailored services to cater to your gaming needs.
Credit and debit cards like Visa and MasterCard remain popular due to their widespread acceptance and familiarity. Many of the best online casinos with American Express deposits and withdrawals are also highly preferred. Obviously, US players have access to plenty of other safe and convenient options.
You get the chance to play at online casinos that accept Discover, a credit card that’s becoming increasingly popular. E-wallets such as PayPal, Skrill, and Neteller offer another layer of security since you never have to share your bank details with the casino – and they are also (usually) instant.
Cryptocurrencies are the new kids on the block, bringing with them anonymity and often lower fees – although the volatile nature of cryptocurrencies can make them risky options for those playing with large amounts of money. There are also additional payment method options like Paysafecard, ApplePay, and bank transfers – and the purpose of today’s blog is to give you an overview of the best casino deposit options. We’ll be covering the following payment methods:
| Deposit Method | Main Benefit |
|---|---|
| PayPal | Allows instant, secure transactions to be made without needing to give your bank or credit card details to a casino. |
| Skrill | Works similarly to PayPal, but is more widely accepted at online casinos. |
| Cryptocurrencies | Cryptocurrencies like Bitcoin and Ethereum let you make anonymous transactions at many online casinos. |
| Mobile Payment Methods | Mobile payment methods like ApplePay and PayByPhone let you pay without needing to enter any card or EWallet information. |
| PaySafeCard | Paysafecard requires you to physically load money onto your card, preventing you from overspending. |
PayPal: The Industry-Leading EWallet
PayPal has revolutionized the way we think about online payments and it’s clear to see why it’s a favorite for online casino enthusiasts. With PayPal, you get a quick, secure, and easy way to make deposits and withdrawals without the need to enter sensitive financial information each time.
Setting up a PayPal account is straightforward and once linked to your bank account or card, it acts as a middleman, providing an additional layer of security. PayPal’s one-touch feature makes it incredibly user-friendly; you can make deposits with just a single click!
Online casinos often favor PayPal users, offering exclusive bonuses and promotions. Moreover, PayPal’s buyer protection policy provides an extra sense of security, ensuring that your funds are safe in the event of unauthorized transactions. However, PayPal isn’t the easiest payment method to find at online casinos; this is due to strict regulations – PayPal don’t just let any old online casino use their services.
If you’re looking for online casinos that accept PayNearMe make sure to check out our list of recommended casinos, all of which have been hand-picked by our team of online gambling experts!
Skrill: PayPal 2.0
Skrill, formally known as Moneybookers, has established itself as a top payment method in the world of online gambling – and, while it’s similar to PayPal, it’s generally much more readily available, and is known for being online gambling-friendly. This is one of the main downsides to using PayPal; while it’s a solid service, the company doesn’t love online gambling – and thus isn’t widely available. Thankfully, the opposite is true with Skrill.
Skrill accounts are simple to set up and once you’re up and running, you can transfer funds with just an email address and password. This simplicity streamlines the process of depositing and withdrawing from your casino account. Skrill’s recent adoption of two-factor authentication (2FA) also means that your transactions are double-secured, requiring not just a password but also a code sent to your phone.
One unique benefit to using Skrill is that it actually has its own VIP program! This means that loyal users are rewarded with perks like lower withdrawal fees, higher per-transaction limits, and dedicated customer support.
However, without a doubt, the biggest benefit to using Skrill is its speed. Once an online casino approves a withdrawal, the funds will be available inside your Skrill account almost immediately – and this near-instant nature means you don’t have to wait around for days or even weeks to receive your winnings! Here, you can find a comprehensive list of casino sites that accept Skrill.
Paysafecard: Controlled Gambling
Paysafecard is one of the most popular prepaid payment methods for online casinos. It allows you to make deposits without linking your bank account or credit card directly to the casino. Here’s how it works:
You purchase a Paysafecard, either online or at a retail outlet, in denominations ranging from $10 to $100. The card contains a unique PIN code which you then enter when making a deposit at the online casino. The funds are immediately transferred from the card to your casino account.
Paysafecard is accepted at most major online casinos and offers a quick, simple, and secure way to fund your account. As it’s prepaid, you don’t have to worry about overspending as you can only deposit the amount loaded onto the card. There are no credit checks or lengthy registration processes, either, making it ideal for pretty much all players.
Naturally, one of the biggest advantages of using Paysafecard is that it helps you stay in control of your casino spending. You can only gamble with the amount on the card, making it easy to stick to a predetermined budget. This can be very helpful for avoiding the pitfalls of problem gambling.
You’ll also find that Paysafecard charges no fees to users, but you’ll need to check the small print to see if the casino itself will charge fees for using Paysafecard. Overall, it’s a solid choice for online gambling, and here, you can find the best casino sites for Paysafecard.
Crypto: A Beginner’s Guide
Cryptocurrencies have revolutionized the online gambling world in the last ten years or so. Crypto payments provide anonymity, as they don’t require you to share personal or financial information with the casino. This privacy is a significant draw for players who prefer to keep their gambling activities confidential. It’s also highly beneficial for players living under restrictive regimes where online gambling is frowned upon or illegal.
The decentralized nature of cryptocurrencies like Bitcoin, Ethereum, and Litecoin means that transactions are not subject to the same regulatory checks as traditional banking methods, which can reduce fees and eliminate intermediaries. Transactions are also typically faster, with deposits and withdrawals often processed within a few minutes – although most online casinos today require you to wait for a certain number of confirmations on the Blockchain before funds are credited to your online gambling account.
Many casinos that accept crypto offer exclusive bonuses for users who opt for these currencies, and this is thanks to the fact that these casinos don’t need to pay fees when you deposit using crypto. However, the volatile nature of cryptocurrencies can be a double-edged sword. The value of your cryptocurrencies can fluctuate wildly, which can affect the actual amount you have to play with.
Mobile Options
Mobile payment options like Apple Pay, Google Pay, and PayByPhone offer a convenient way to deposit funds into your online casino account using your smartphone or tablet. Let’s look at some of the top mobile-focused payment methods.
Firstly, there’s Apple Pay, which allows you to use your credit and debit cards registered to your Apple Wallet to deposit to casino sites quickly and securely. All that’s required is scanning your face or fingerprint to authenticate the payment. Apple Pay deposits are usually instant and very rarely involve any fees.
Google Pay works in a pretty similar way, letting Android users deposit into their online casino account directly from their mobile device. Cards are stored in your Google Account and accessed via fingerprint or passcode. However, Google Pay is, generally speaking, a lot more limited at online casinos when compared to Apple Pay.
PayByPhone is another deposit method designed specifically for mobile players. You register your phone number and billing information. When you want to deposit, you just enter the amount in the casino app and receive an SMS to authorize the payment. The funds are then instantly transferred, and the money is then charged on your monthly phone bill. However, it should be noted that deposit limits tend to be very low when using PayByPhone – often $30 or less per month.
