Payment Methods Used in Online Casinos

Types of Casino Payment Methods

Check out this handy table to get an overview of accepted payment methods at online casinos, then learn about them in more detail below.

Payment Method	About the Payment Method
Credit/debit cards	Accepted at nearly all online casinos Familiar and easy to use May have high transaction fees
E-wallets	Highly secure and private Usable at overseas casinos Can be slower than other methods
Bank transfers	Very secure, ideal for high-stakes players Robust security can mean delayed processing
Cryptocurrencies	The fastest payment method available Anonymous and extremely secure Not accepted at all online casinos
Prepaid cards	Purchasable with credit/debit cards Add an extra layer of anonymity May carry monthly fees

Credit/Debit Cards

If you prefer to stick with your tried-and-true credit or debit card, you’re in luck. Virtually all casinos, both domestic and international, accept this payment method. Cards accepted may include:

• American Express

• Visa

• Discover

• MasterCard

Credit cards are very secure, but there are a couple of downsides to using one. First, some casinos charge hefty transaction fees for every credit card transaction. Secondly, you’ll have interest to worry about if you don’t pay off the charges promptly.

E-Wallets

E-wallets have caught the gambling world by storm. The biggest perk of using one is that you don’t have to reveal your bank or credit card details to a casino. Plus, they’re easy to use. Simply add funds to the e-wallet, head to the casino, and choose how much you’d like to deposit. The main drawback of e-wallets? They’re not as widely accepted as some other methods.

Popular e-wallets to use at casinos include:

• PayPal

• Skrill

• MuchBetter

• EcoPayz

• Neteller

Bank Transfers

The thought of making a bank transfer to an online casino might give you pause, but leave your worries at the door. Bank transfers, compared to some other methods, are incredibly secure. Due to that airtight security, high-stakes players tend to favor bank transfers over other payment methods.

The main drawback is that bank transfers are much slower than other methods, especially when depositing hefty sums. Expect the average bank transfer to take anywhere from three to seven business days.

Cryptocurrencies

If you’re looking for a blazing-fast payment option, crypto is the clear winner. It features instant deposits and withdrawals that usually take an hour or less. You’ll love the anonymity it offers, too.

However, not all casinos accept crypto. Most of those that do are located overseas in countries like Costa Rica and Cyprus.

Prepaid Cards

Prepaid cards work much like credit and debit cards do. The main difference is that you don’t have to give your banking info to a casino, so they’re a good pick if you’re concerned about security.

Prepaid cards do have some drawbacks. Not all casinos accept them, and the monthly fees can add up. American Express, for example, charges a $6.95 monthly fee.
 

Emerging Trends in Casino Payment Methods

What are the hottest trends in online casino payment methods? Keep your eye on these:

• Increasing acceptance of e-wallets: More casinos are beginning to accept e-wallets due to player preferences.

• Embedded payments: This feature allows players to make deposits without leaving the gaming table.

• Cross-border payment options: Cross-border wallets enable players to store and transact at casinos without incurring currency conversion fees.
   

How to Choose the Best Casino Payment Methods for You

Here’s how to pick the payment method that suits you best.

Availability at Online Casino

This is an easy one: Does the casino accept your preferred payment method? Nearly all casinos accept credit/debit, and many also accept bank transfers. If you’d like to use crypto, your best bet is an overseas casino.

Deposit and Withdrawal Limits

At most casinos, deposit and withdrawal limits vary depending on the payment method you use. Pay attention to daily, weekly, and monthly limits. Crypto typically offers the highest limits of all options.

Casino Bonuses

Pick a casino that offers enticing bonuses, such as the welcome bonus. Learn more about bonuses in the chart below.

Bonus Name	About the Bonus
Welcome Bonus	Matches your first deposit by a certain amount New players only
Cashback Bonus	Returns some of your losses Cashback ranges from 1% to 5%
Free Spins	Play select slot games for free Usually only valid for certain games

Speed of Transactions

Transaction speed is one of the most important factors when picking a payment method. Crypto is the fastest, followed by e-wallets and credit/debit cards. Bank and wire transfers are the slowest.

Payment Security and Confidentiality

If you’re hunting for the most secure payment method, crypto wins again. That’s because it’s 100% anonymous, so you don't need to share your financial info with the casino. Other methods, such as credit cards, are secure as well, but not anonymous.

Terms and Fees

Read the casino’s terms carefully before choosing an option. As mentioned previously, many casinos charge transaction fees for certain methods. Crypto transactions, however, are usually free of fees.

Ease of Use

Lastly, any payment method you pick should be simple to use. Crypto, for all its benefits, does have a bit of a learning curve. If you prefer a simpler method, stick with credit/debit or a bank transfer.
 

Pick Your Favorite Payment Method and Start Playing Today

Decided which payment method suits you best? Choose one of our casinos, make your first deposit, and start playing your favorite games now. All of our top casinos accept an impressive variety of payment methods, so you can’t go wrong with any of them.
 

FAQ

Learn more about payment methods at online casinos here.