Online casinos are starting to offer an increasing amount of payment methods for both deposits and also withdrawals. Each payment option has different features, and it is crucial to know what each of them offers. Do you know how to secure your money playing in online casinos? Do you know which one suits you best? How exactly do they work? In which casinos can you find them?
Today we'll give you a complete list of the different payment methods like an online casino instant bank transfer that can be used to deposit or withdraw funds to your account. Each of these payment methods includes a complete description of how they work and a list of casinos that allow their use.
Different Types of Payment Methods for Online Casinos
First of all, you always have to be aware that payment methods can be classified into a few groups according to their operation or type. Below you will find a brief list of the different kinds of payment systems that are almost always available on the safest online gambling sites. Each of them includes a brief description accompanied by examples and mentions their advantages and disadvantages.
Most of these payment methods are available on the best online casinos, such as the Play amo Casino, which immediately stood out during our Playamo casino review.
Credit Cards
Credit/debit cards are probably one of the most traditional payment methods next to bank transfers. Some of the most popular ones are Visa and MasterCard.
However, many online casinos also accept other types of cards, such as American Express or Diners Club.
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Advantages: It is an easy-to-use payment method that many users are already familiar with.
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Disadvantages: You will have to disclose your card number (which is always less secure). Also, some cards, such as MasterCard, do not allow withdrawals at some online casinos.
E-Wallets
Electronic wallets (E-Wallets or digital wallets) are a substitute for physical wallets. With this type of payment method, you do not have to enter your bank details every time you want to make a payment or deposit but simply enter your e-mail address and password.
Some of the most popular e-wallets are Neteller, Skrill, or PayPal. The advantages of using this type of wallet are the convenience and security they provide. Currently, most legit online casinos accept them when depositing and withdrawing money.
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Advantages: It is a very convenient and secure payment method. In addition, it allows instant deposits and withdrawals. Practically all safe online casinos accept them.
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Disadvantages: You will usually have to open a user account to enjoy these services.
Online Banking Services
Nowadays, several payment methods work as intermediaries between your bank and online merchants. Thanks to these, you can make secure payments without entering your bank details on the merchant's website or in the online casino.
Some of the most common ones are Trustly or Sofort. You can use them to send funds from your current account and use them as online casino withdrawal methods, both quickly and securely.
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Advantages: They are very secure payment methods widely accepted by trusted online casinos and gambling sites.
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Disadvantages: Many online banking systems can deposit funds into a casino but not withdraw them.
The options available for depositing and withdrawing money in an online casino are multiple. All of them have their advantages and disadvantages. Therefore, you will have to choose the one that best suits your personal tastes and needs.
However, we recommend electronic wallets, specifically PayPal. It is a very secure payment method, easy to use, and accepted in most secure gambling sites.
Prepaid Cards
Prepaid cards like AstroPay or Paysafecard are a type of method that allows you to load an accurate balance on your card and then use it to make purchases on the Internet.
You will be able to acquire these cards in a physical establishment or in an online store. Visa also has its own virtual prepaid card: Entropay.
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Advantages: It is an effortless payment method to use. It is also completely secure, as you will not have to provide your card or bank account number at any time.
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Disadvantages: With prepaid cards, you will be able to deposit funds into your casino account but not withdraw them.
Bank Transfers
Bank transfers are still one of the most common methods of sending money from one bank account to another, especially for any online casino Malta currently operating.
However, the good news is that you no longer need to go to the nearest bank to do it nowadays. Still, you can now make any transfer comfortably from home using online banking.
As a general rule, most online casino sites allow bank transfers to deposit and withdraw money to your player account.
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Advantages: It is a payment method easy to use and known by all users. Besides, practically all real money casinos online accept it.
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Disadvantages: You will have to disclose your account number. In addition, the deadlines for sending and receiving money are usually long.
