Most casinos offer at least five different banking options, and some a whole lot more than that. You're certain to find a gambling site offering whatever method you prefer to use when depositing and withdrawing real money. The most important thing is to ensure that you use one that's safe, secure and reliable.
Let's check out some of the most popular payment methods used for online gambling…
American Express, or Amex, is one of the world's best-known credit and charge card providers. It's also a popular option for funding casino accounts. Don't let the name fool you – it's widely available outside the USA, including in the UK.
Almost certainly the best-known cryptocurrency out there, Bitcoin is popular with gamblers because it offers anonymity and various layers of protection to those spending it. The number of casinos out there that accept Bitcoin is fairly small but growing rapidly.
Anyone who owns a credit card knows how easy they are to use, and about the protection they offer. Though you can't gamble with them in the UK, they remain the most widely available casino banking option across the globe.
Cryptocurrency is different from most currencies in that it's entirely virtual. As the value of cryptocurrencies like Bitcoin, Litecoin, and Ethereum has increased rapidly, we've seen more casinos accepting them. Digital, and often anonymous, they're loved by gamblers too.
You probably have at least one debit card in your pocket right now. They're popular with online gamblers because they offer the same advantages as credit cards, but don't let you spend more money than you have in your account.
An eCheck is an electronic version of a paper check. Using an eCheck provider like Due, Adyen, or ACHQ is a great choice if you're anxious about gambling with credit cards. It's also quicker, and more environmentally friendly, than using paper checks.
People use MasterCard as it's one of the biggest credit card providers in the world and is widely accepted online. It can be used on virtually all gambling sites. If a casino accepts MasterCard, you can probably use Maestro debit cards there too.
Neteller is an e-wallet service. It provides players with an account where they can store and spend their money in much the same way as PayPal. Unfortunately, it's not currently available in a long list of countries, including the USA.
Most people probably associate PayPal more with eBay than they do with gambling but, it's back in the US gaming market in states where gambling is legal and regulated. In some parts of the world, it's a popular banking option at online casinos.
This payment option is perfect for those who feel uncomfortable using their bank account or credit card for gambling. Customers purchase a Paysafecard voucher somewhere local to them, then they can redeem the cash online using a long PIN number.
Visa is the world's largest provider of credit and debit cards, available for use at virtually all online casinos. Ease of use and a lack of associated fees makes this a great choice for playing with any reputable gambling site.
Western Union originally launched wire transfers using their telegraph network back in 1872. Things have changed a bit since then, with funds now transferred electronically. But you won't find many better-established payment options than this.
A wire transfer is the transfer of funds from one account to another. Its popularity is partly down to the degree of control it gives gamblers over how much they're sending. This can be done either online or in person.
Casinos with the Best Banking Methods
How to Deposit Money At An Online Casino?
The process of making a deposit is usually pretty similar whatever payment method you decide on. Once you've signed up with a casino, hopefully claiming a lucrative welcome bonus in the process, head for the cashier.
Here you can select the banking option you're planning to use, as well as how much you want to deposit. Start the transfer and funds will appear in your account shortly afterwards.
Easy Deposit Online Casinos
The last thing you want is a sluggish deposit process or a limited number of banking methods when you're making a deposit at an online casino. The sites we've listed below are great examples of casinos that process deposits quickly and have plenty of payment options:
How to Withdraw Money From An Online Casino?
The process of withdrawing from an online casino looks a lot like the deposit process, only in reverse. Make your way to the cashier area and select the option to make a withdrawal.
Where possible, casinos usually pre-select the same method you used to make a deposit by default. If that method isn't available, you'll need to choose another one. Then just start the withdrawal and wait for your winnings to appear in your account.
Do online casinos pay?
Some online gamblers have concerns that they won't be able to cash out their winnings. Fortunately, as long as the site you're using is legitimate, making a withdrawal is a very straightforward process.
How do you get paid from online gambling?
In most cases, casinos prefer to issue payouts to the same method used for deposits. The majority, however, will offer a wide range of banking options players can use to cash out.
How to gamble online without a credit card?
Some folks are unwilling, or unable, to use a credit card for online gambling. Luckily, there are tons of other options that you can use to fund casino play.
Can PayPal be used for online gambling?
Despite being commonly used in the early days of the online gaming space, PayPal completely withdrew from it for many years. Now, depending on where in the world you're located, you can find lots of PayPal casinos – including some states in the USA.
How does online gambling affect your credit score?
Some lenders may be nervous about online gambling activity, especially if you're regularly missing payments or playing using an overdraft. With that said, the act of online gambling itself is not directly linked to your credit score.
What credit cards allow online gambling?
You can give online gambling using credit cards a try across the world. But be aware that some banks won't process gambling transactions because they haven't opted in to view them as acceptable card purchases. It is officially outlawed in the UK.
Can I use a prepaid credit card to gamble online?
Prepaid cards offer an extremely convenient way to enforce self-imposed limits and/or keep spending separate from your main account(s). For those reasons, and others, this method is a very popular option with online gamblers.
Do I have to pay taxes on online gambling winnings?
The answer to this question varies from country to country. In the US, bettors are required to pay taxes on winnings - but may be able to deduct losses. We recommend consulting with an accountant or tax expert. In the UK, however, casino players aren't taxed on their winnings.
How to cash online gambling checks?
Many players will be tempted, particularly for large sums of money, to cash out their winnings as a check. The process of depositing this, whether in-person or using a banking app, is exactly the same as any other check.
Do online casinos accept PayPal?
When most people think of making purchases online, they think of PayPal. Whether or not you can use the service for online gambling depends heavily on where in the world you're located and which site you're using.
Can I block my bank card from gambling sites?
It's wise to take a proactive approach if you're concerned about how much money, or how often, you're gambling. Many banks will let you block gambling transactions from your account, which is a great step to help with this.