Many casino players agree that convenience is crucial when playing their favorite real money games online. A big part of convenience in this situation is easily making deposits and withdrawals to and from your gaming account.
Thankfully, online casinos have made transactions so much easier. The fast-paying online casinos found at sites such as CasinoWhizz are some of the best-rated instant payout casino sites.
These casino operators now offer a great variety of payment solutions to cater to different players worldwide. So, what do casino players most commonly use the payment options?
Let’s dive right into it.
Credit/Debit Cards and Prepaid Cards
Billions of credit/debit card (Visa, MasterCard, Discover Network, American Express) transactions are made daily, many of which take place online. This is still the top payment option at online casinos, stores, and e-commerce platforms.
Why wouldn’t it be? It’s so convenient to use. You only need to use your card number and CVV.
For added protection, your card may also ask you to verify the transaction with an OTP sent to your mobile number. Other than that, it could take only a minute to complete your deposit at an online casino. (leifrogersmd.com)
However, if you want to avoid using your banking info for any gambling related transactions, you may want to avoid using cards linked to your bank account. The better option is for you to use a prepaid card.
Prepaid cards aren’t required to be linked to a bank account. Just load it up, and it’s ready to use. Your casino transaction won’t reflect on your banking statement.
E-Wallets and Mobile Wallets
Another great option to avoid using your bank info directly at online casinos is by using e-wallets and mobile wallets. Some of the most popular e-wallets or digital wallets today are PayPal, Neteller, and Skrill.
Meanwhile, examples of mobile wallets are Apple Pay, Google Pay, Venmo, Cash App, Samsung Wallet, and Zelle.
All digital wallets function like your regular cards, but your money is stored online or digitally instead of having a physical wallet. This means that you may need an online connection to complete transactions with them.
You’ll need to enter your wallet details at an online casino or scan a QR code with your mobile wallet to deposit to your account. Digital wallets are also usually available as payout options. Many reputable online casinos only take minutes to credit digital wallet payouts.
Cryptocurrencies
Digital currencies have been the talk of the town for a few years now. We’re talking about cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many more. While many are still hesitant about cryptocurrencies, online industries like casinos are already over the hesitation.
Today, many of the most trusted casino sites accept cryptocurrency deposits and payout requests. Bitcoin is still the most common crypto used even on online gambling, but sites like BetOnline accept up to 18 cryptocurrencies.
Even online casinos are only available to cryptocurrency players like Bitstarz, 7Bit Casino, and mBit Casino. Typically, these are online casinos that have the biggest bonus offers. That’s because it’s generally cheaper to process crypto payments on the business side of things.
But why are many people gambling with crypto? Some known advantages of using crypto at online casinos are fast payouts and anonymous gaming.
If you visit anonymous online casinos, they only accept crypto. When using crypto, you only need a wallet address or destination tag. That’s it! The receiver and sender are identified by their wallet addresses and nothing more.
Is that safe? Absolutely! Cryptocurrencies are powered by blockchain tech. This means that you can easily trace all transactions made with crypto.
Wrapping Up: Other Relevant Options
Aside from the three popular payment options above, online casinos accept other options like vouchers, bank transfers, and even sending a check by courier. Some online casinos still have payments processed over the phone with your credit or debit card.
The bottom line is that whatever is most convenient for you in terms of online transactions, you’ll most likely find an online casino that caters to it. You should also consider whether an online casino charges transaction fees or not.
You should also check the processing period. Generally, deposits are processed instantly. It’s the payout requests that could take a while. If you want your winnings instantly, your best bet is a crypto casino.