One of the most important aspects that needs to be covered for a player to fully enjoy his or her gambling experience is the ability to quickly and easily fund their casino account and withdraw their winnings. Since online gambling is a truly international industry, it means that players come from all over the world, hailing from various regions and countries.
Depending on where they live and various other factors, different players need different payment methods available to them. That’s why leading operators will usually offer a host of different casino payment methods for their patrons, making sure no one is left out and everyone can pick the one or two they are most comfortable with.
Generally speaking, casino payment methods are divided into several main categories, with each category containing a number of options. All of them have certain advantages and particular downsides, so choosing the right method can take some thinking. However, with the help of guides found here at Crushthecasinos, you should be able to see the both sides of the coin and, depending on your circumstances, pick the most suitable ones.
Credit & Debit Cards
Different credit and debit cards are probably the oldest method used for various online payments and they were quickly adopted by the online gambling industry as well. They are probably one of the most convenient casino payment methods in a sense that you don’t need to put any extra work. As long as you have a valid card and money in your bank account, you should have no problems.
However, should is the operative word here. There are many reasons why a credit card may not be an option for a player. For example, there are certain jurisdictions that block all sorts of online gambling transactions so, while your card might work just fine for anything else, you won’t be able to fund your casino account with it.
Furthermore, there are certain restrictions that are inherent to different cards. Visa cards are probably your best bet because, if there are no blocks on the part of the bank, they will allow you to both deposit and withdraw using the same method. Cards such as Maestro or MasterCard may not be the best choice among various casino payment methods because they will usually only let you make deposits while you’ll need to find a different way to withdraw your winnings.
E-wallets have experienced a serious rise in popularity over the past decade or so, coming out on top as one of the favorite casino payment methods of players from all over the world. When compared to credit cards, e-wallets like Skrill, Neteller, and Webmoney have quite a few advantages.
For one, instead of having to leave your credit card number with every new casino you play with, you’ll be able to connect it to your e-wallet and make deposits through it without ever having to share your sensitive financial information with a casino. While most operators are fine to deal with in this sense and your data is protected, some people still aren’t comfortable with sharing their CC info all over the place, which isn’t unreasonable.
Another upside of e-wallets is the fact they can help you bypass bank restrictions. There are several ways you can fund e-wallets, including your credit cards and direct bank transfers, and once you can top up your wallet, it should be much easier to use it for whatever you like, including casino deposits.
Of course, there are certain downsides as well. For one, by having an e-wallet act as a middleman of sorts, you’ll have your withdrawals first hit your e-wallet and only then withdraw them to your bank. This means that you might have to wait an extra day or two to get your money and there might be some additional fees you have to pay. However, when all things are considered, e-wallets are probably one of the most convenient casino payment methods.
Bank transfers are the oldest and the slowest way of sending payments and they are probably not at the top of anyone’s list when it comes to casino payment methods. While some operators will let you both deposit and withdraw via direct bank transfers, these are probably the last thing you want to do, especially for deposits.
There are several reasons against bank transfers:
- They are slow – it will take a few days at least for the transfer to arrive to the recipient bank
- There are usually fees involved – and they can be quite hefty
- Depositing via bank transfers can be complicated
If you’re wondering about this last bit, to deposit directly to the bank, you’ll need to closely follow the instructions given by the casino, including their account information and the reference number, and if you happen to make a mistake, the money might never arrive. You’ll get your cash back eventually, of course, but it can be a long and tedious process.
Prepaid cards are one of the better casino payment methods as far as depositing goes. Cards such as Paysafecard or Astropay can be easily obtained at a number of convenient stores and other locations around the globe and they allow you to fund them with the exact amount you’re willing to spend. This means that you can’t go over your head when using a prepaid card. Once the pre-deposited amount is gone, the only way to deposit again is by going out and loading another card.
The downside is – they only work one way. You can’t withdraw using a prepaid card, so you’ll need to have an alternative method lined up for withdrawals. It can be any of the methods listed here and having an e-wallet to withdraw to is probably the best option.
Bitcoin & Other Cryptocurrencies
With the rise of Bitcoin and other cryptocurrencies, more and more operators are starting to include cryptocurrency wallets in their casino payment methods. Bitcoin deposits and withdrawals are usually fast and you’re not required to share any additional financial information as you send money straight from your wallet to the casino’s wallet.
The downside is the fact that getting your hands on some cryptocurrency and learning how things work takes some time. This one is different from all other casino payment methods so it might take some getting used to. For those who already use cryptos, however, it can be a nice alternative without too much hassle.
Pick the Right Casino Payment Methods for You
Online gambling is primarily about having fun and enjoying your time and picking the right casino payment methods for you is a big part of that. If you figure it out right, you’ll be able to easily move the money around and cash out any lucky scores without problems.
Hopefully, our casino payment methods guides will help you figure things out and make the right picks to be able to focus on the truly enjoyable part of online gambling – playing your favorite casino games (and winning, of course)!