Payment methods in online casinos : what do I need to know ?

As a player, one of your first concerns when registering at an online casino should be the choice of payment methods. What’s the point of spending time playing and making winnings if you can’t collect them securely? Fortunately, there are many reliable and fast payment methods available at the various online casinos recommended by our site GambleMojo.com. In order to provide you with as much information as possible about these different payment methods, we share the opinions of our experts here.

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Overview of payment methods: specificities, advantages and disadvantages

Bitcoin: the new payment method in online casinos

Bitcoin CasinoBitcoin is a new means of online payment, classified in the crypto currency category. It is a very reliable method of making transactions at an online casino. There are no associated transaction fees, and the withdrawal or deposit is done immediately. On the other hand, due to its volatility, which is a major disadvantage, Bitcoin is very often subject to a non-negligible fluctuation in value. The value of Bitcoin can therefore be significantly reduced or increased in no time at all. If you are not afraid to take risks, or if you know how to follow the stock market, this should not be a problem for you.

Neteller

Neteller CasinosVery well known in the virtual gaming world, Neteller is an electronic wallet. It is integrated in most online gaming platforms and allows immediate withdrawals/deposits. Totally secure, it is an excellent way for players to carry out their various operations.

PayPal

Paypal CasinoPaypal is without a doubt the best known of the so-called alternative payment options via the web. It’s a very easy to use, fast and secure payment method. The creation of a paypal account is free, is done in less than 3 minutes and does not require special procedures. You can make deposits or withdrawals from online casinos the second you create the account. We remind you that Paypal is not yet available in all countries.

Skrill

Skrill CasinoAdopted by tens of millions of players worldwide, Skrill is an e-wallet that is highly appreciated by the gaming community. Safe, efficient and above all fast, this means of payment is today accessible from more than 200 countries and available in about 40 currencies. The majority of online casinos have already integrated it into their platform.

PaysafeCard

PaySafeCard CasinoPaysafeCard is another popular online payment method, and offers the advantage of anonymity. It is a prepaid card on which you can deposit an amount of your choice and then make transactions in gaming rooms. No personal information can be leaked and you will not find any trace of your transactions in the virtual casinos.

How do I make a deposit at an online casino?

The process in detail

The operation of depositing money at an online casino is very simple. All you need to do after creating your account on the gaming platform is to follow the instructions given in the guide. When choosing your payment method, select the option that suits you, fill in the desired amount and the necessary information and validate. That’s it, you can start playing and make the most of your winnings!

What are the most common methods of making a deposit?

Bank transfer, although procedural, remains one of the most widely used payment methods for making deposits or withdrawals at online casinos. In recent years, we have seen the rise of crypto currency, which, depending on the region, is also becoming quite important. At present, the most commonly used payment methods are without appeal bank cards with Visa, Mastercard or Maestro, electronic purses such as Neteller, and of course alternative means of payment, with Paypal in mind. It should be noted that due to certain constraints related to banking regulations, online gaming rooms are gradually abandoning the bank card option.

Minimum deposit requirements

As you may have noticed, some casinos do not accept deposits below a certain threshold. This is the minimum deposit amount. Depending on the casino, you may be required to make a transfer of a minimum amount to your player account before you start playing. This constraint imposed by many online casinos is also due to the fact that each transaction can generate additional fees. The rule is therefore also intended to reduce the expenses related to the various deposit operations.

The fees

Pay great attention to this step before validating the operation. The fees charged for each transaction depend on several factors including the amount, the current location of the player, the currency and the payment method adopted.

All about withdrawing winnings in virtual casinos

How about we go over the withdrawal process in detail?

Withdrawing your winnings from an online casino is very simple and only takes a few clicks. First of all, make sure that you have reached the minimum level to withdraw your winnings. Indeed, some casinos require that you have a certain amount in your account before making a withdrawal request. When this is done, you can usually use a simple button to start the withdrawal process.

You arrive on a page that lists the different means of payment available on the platform, and which are accessible from your region. Once you have chosen a method, you will then be asked to fill in the information, such as currency and amount, needed to process the transaction. Check again the summary of the transaction table, which also informs you about the fees related to the transaction, validate and your task ends there! The amount of time it takes to process the request and the amount of time it takes to process the withdrawal depends on the payment option chosen, as well as the performance of the casino.

So what are the most commonly used methods?

In addition to bank transfers, which are widely used for large withdrawals and deposits, bank cards, e-wallets and alternative payment methods are the most popular methods of payment for withdrawals at virtual casinos. For withdrawals in particular, and regardless of the zone, Paypal and Neteller are the most commonly used.

Withdrawal limits, what are they?

It would have been easier if there wasn’t this compulsion! But alas! Some casinos, for reasons of better cash management, do not want players to exceed a threshold amount when they withdraw. This withdrawal limit obviously depends on each casino. Fortunately, the withdrawal limit is not applied by all virtual gaming rooms.

Withdrawal deadlines

Withdrawal times vary from one payment method to another. Most payment methods today allow for instant withdrawal. On the other hand, if you opt for other payment methods such as bank transfer, you will have to wait a few more days before you have your real money available.

Transaction fees: be careful!

As with withdrawals, transaction fees may apply. The amount to be charged by the issuing body will depend on several parameters. Always check this section before validating.

Verifying your identity: a guarantee of credibility

This is a key stage of the operation. Indeed, the most serious online casinos always ask users to provide information according to the payment method selected. For example, you may be asked for your bank account details (RIB), your valid ID, and in some cases even a proof of residence that is no more than three months old.

Stay zen! The security of your transactions is assured.

Whichever payment method you choose, we guarantee the reliability of the transactions. We take the trouble to test each payment option. We make sure that the information is encrypted from end to end to avoid identity theft or potential scams. This way, you won’t risk losing a penny when making deposits or withdrawals, and even afterwards.

In conclusion…

Admit that you were very surprised to learn that there were so many payment methods available to make your wager deposits or withdraw your winnings at the virtual casinos! But don’t let that surprise you. Online casinos need to be up to date in order to make it easier for players to make their way through the online casino world and have an unforgettable experience. Now that you know all about the payment methods offered by virtual casinos, you have no more excuses. Choose the casino that tempts you the most and get started without hesitation!

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FAQ on Payment Methods

✅ What is the most reliable payment option in 2021?

Taking into account the criteria of data confidentiality, transaction fees, payment time, as well as the guarantee associated with banking regulations, we will say that the most reliable payment option in 2021 is Paypal.

✅ Is a credit card required to play at the online casino?

No, a credit card is absolutely not necessary to play at online casinos. You are free to choose the payment method that suits you best and casinos offer several possibilities.

✅ Will I have access to all payment methods no matter where I live?

No. Unfortunately some payment methods are not accessible from all regions. The casino will only offer you the methods valid for your region.

✅ What is the minimum age to withdraw winnings?

The minimum age for accessing an online casino, and therefore for withdrawing winnings, is 18. If you are not yet 18 years old, please wait a little longer. We will be waiting for you!