A Beginner’s Guide to Casino Payment Methods

Home » A Beginner’s Guide to Casino Payment Methods

Online gambling has emerged as a rewarding and entertaining form of gaming over the past decade. Thousands of people around the world take part in online gambling. As a new player, you will have one thing on your mind when trying out a web-based casino: how to win some money!

To earn something, you will have to deposit some real money, play some games and then cash out whatever is credited to your account if you’ve been lucky. But before you can withdraw any winnings, you’ll need to set up your casino account and get it verified.

To create an account, you’ ‘ll need to provide some personal information (name, address, date of birth, email address). Once you’re done, the new casino team will process your request and approve or reject it depending on the information provided. For example, your account won’t be verified if you provide an incorrect email address.

Most online casinos have a Payment/Banking or Cashier section. Whether you want to deposit money or need to withdraw some, you will need to select a payment method, but beware, some can only be used to deposit cash, whereas others can be used to both deposit and withdraw your money.

Choosing the right payment method

Generally, casinos offer a bigger range of payment options for online players wishing to deposit money into their accounts. So, always check if your preferred option also allows withdrawals. Here’s a brief guide to some of the payment options usually available.

Debit or credit card payments at casinos not on Gamstop using Visa or MasterCard are well-known and trusted services. They offer top-tier security and are accepted in most countries. Alternatively, PayPal and Neteller are popular e-wallet options, both allowing players from around the world to make payments to their online casino accounts. Their services are fast, easy and safe, and often allow both deposits and withdrawals.

If you want to receive your money in a bank account, then look for bank wire transfer options. Funds may also be withdrawn using a Payoneer account. If offered as an option, then Click2Pay or Wirecard, commonly available in Europe, allow online bettors to send and receive payments anonymously. Cryptocurrencies are becoming popular options.

Some casinos will let you set up a Bitcoin wallet to fund your account. Bitcoin is a decentralized digital currency that is sent from one user to another without the need for any intermediary. Amazingly, a single Bitcoin wallet can be used to send and receive huge amounts!

How long does a casino take to process payments?

Deposits are usually processed instantly so that you can get playing straight away. The speed of your withdrawal depends on different factors. First, the casino has to process and approve your withdrawal request. In some circumstances, the casino delays your payment, as they need to verify your identity.

Secondly, the speed of payment depends on which method you’ve chosen. If you’re using e-Wallets, you will usually receive your payment within a few hours once it has been processed. But if you want the amount transferred to your bank account, it may take up to five working days, after processing, to get paid.

Most online casinos aim to approve withdrawal requests within 24 hours, but some might take longer. Ideally, you should keep checking your casino account and email the customer support team if you don’t receive your money within a week.

Whichever withdrawal payment option you have chosen, you should check your account regularly to make sure that you’ve received your money within the timeframe listed in the casino’s terms and conditions. Remember that online casinos treat and handle their customers’ payment details with the utmost care. So, none of your details will be stolen.

Final Thoughts

Most online casinos try to offer a wide range of payment options to attract and keep players. The biggest choice is usually available for making deposits. Always check if your preferred deposit option can also be used for withdrawing any winnings. Card, e-Wallet and online bank transfer options are the most commonly available, but methods vary from casino to casino.

Finally, do read the terms and conditions for any bonus offers available at your chosen casino, as you’ll often find that not every deposit payment option qualifies – e-Wallets are often excluded, for example. Why not check out options online now.