Casino Payment Guide

Online casino payments have come a long way as online banking methods have matured and new ones have entered the marketplace.

Making a deposit or withdrawal at an online casino or other gambling site has become easier, safer and cheaper for most people around the world.

Online Casino Banking Methods

A couple of years ago, making a deposit at online casinos became somewhat problematic because of banks clamping down on gambling transactions. As a result, a host of online casino payment processing options were launched, giving players amazing choice in depositing funds and withdrawing winnings from their online casino accounts.

How To Choose Your Payment Method

There are a number of key factors to consider when choosing an online casino payment method. The first, and one that is becoming and increasingly important factor, is your location. Localised payment methods have sprung up by the dozen over the last few years. These are predominantly payment facilitators that allow for instant bank transfers, and prepaid cards which can be purchased at local retail outlets. These methods are prevalent in Canada, the United Kingdom, and most European countries.

Another factor to weigh up is cost. e-Wallets are not cheap, often charging up to a 1% transaction fee and even as high as 1.5% however, the added security and other incentives often outweigh this cost. Wallets like Neteller run incentive programs that reduce your transaction fees.

Although many players still prefer to use a credit card, alternate payment methods have become much more popular. Most of these methods use an electronic wallet facility. The wallet can typically be funded using a credit card or even a US, UK or European bank account. The online casino integrates directly with the wallet facility, making it very easy to move money into and out of the player's casino account. The most well known example is Neteller, which has become a preferred casino payment methods for most online casinos.

As a final note, some online casino also offer ACH as a withdrawal method, which allows for winning to be directly transferred to your bank account.

Special Payment Method Bonuses

Most casinos will offer incentives to use the alternate payment methods in the form of a percentage match bonus if you use that method. This typically comes in the form of a match bonus and the most common methods that qualify for these bonuses are e-Wallets like Neteller and Click2Pay.

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