What Are the Best Online Casino Payment Methods? 2023

Casinos offer plenty of choice when it comes to deposit and withdrawal options, because they want to make things as easy as possible for their players. For people who are new to the experience, selecting the right one out of so many can be a challenge. There will be times when you only want to add a small amount of money to your account, times when you’re planning a few high-stake bets, and times when you just want to get it done quickly.

We’ve created this blog to help you select the ideal payment method for your needs. We’ve got tips and advice for players who have a preference for table games, as well as those who love slots, sports betting, keno, and more. If you’re part of the gambling community, our research can help you save time on finding a secure, reliable payment method that works for you. Bear in mind that you have to use the same method to deposit as you do to withdraw your funds, as per online casino regulations.

Protect Your Payments With a Credit or Debit Card

Popular, secure and widely accepted, credit and debit cards are still the most commonly used banking method at online casinos. Both of these cards have a 16-digit number, an expiry date and an EMV chip. EMV stands for Europay, Mastercard and Visa, the three financial companies that founded this technology in 1994.

The difference between the two cards is the way that they allow you to spend money. With a debit card, you can only spend cash that is already in your current account, but a credit card allows you to borrow funds from the provider up to a set limit. In the PayGamble Cards section, you can find lots more information on using these payment methods and the types of cards available. Here’s a look at some of the most popular options.

Access Extra Cash With a Credit Card

Wondering if you can use your credit card to gamble? Well, you can! Visa, AMEX, and Mastercard are popular with gamblers as they offer security and familiarity, and are almost universally accepted at US online casinos. It’s important to note that you can’t use credit cards at online casinos based in the UK, but you can use a prepaid Mastercard or debit card if you link one to your account. Regulation on credit card payments varies from country to country. To find out more, check the terms at individual houses or browse our comprehensive Guide to Credit Card Casinos.

Avoid Overspending With a Debit Card

Maestro and Visa Electron debit cards are swift and secure deposit and withdrawal solutions at online casinos. The funds are debited from your account immediately, so you can avoid overspending. However, you should use a strong password to safeguard your casino membership as it provides a direct link to your bank account. We’ve created a helpful guide to the benefits of using debit cards, and brought together a list of all the casinos that accept them.

Condense Your Card Accounts With an E-wallet

Provided in the form of a financial app that’s installed on your smartphone or another digital gadget, e-wallets store your banking details and allow you to make secure payments with a few clicks. You can use them in most online casinos, and also on your local high street. If you need to make an international payment, solutions such as Skrill and Neteller are ideal, but PayPal is probably the best-known e-wallet. As they help you to avoid traditional banking services, e-wallets are fast and can provide more favourable exchange rates. Using an e-wallet can limit your access to some casino offers and bonuses, however, so always check the terms and conditions before you part with any cash.

Choosing an E-wallet to Fund an Online Casino Account

There are many factors to take into account when choosing an e-wallet to use with your casino account. We have a collection of e-wallet guides that provide all the information you need, but here are a few ideas to get you started.

What device do you use?

The device you use to access an e-wallet should be compatible with the service – some can only be used with a specific model of phone or later versions of a device.

How Will You Use the E-wallet?

While some e-wallets are designed for use both online and offline – in shops, for example – others can only be used online. Before signing up for a service, check that you can use it to complete the transactions you have in mind.

What Are the Costs?

Not all e-wallets are free to use. Some charge a fee for using their service that is payable monthly or annually, while others will have a levy for each transaction. Check what the costs of the service are and whether they represent good value to you before selecting a wallet.

What Are the Most Popular E-wallet Providers?

Of all the available e-wallets, PayPal is probably the most recognisable and the most widely used. It has a global reach, and over 200 million users are signed up to send and receive money, shop online and even withdraw cash from an ATM.

PayPal is closely followed in terms of popularity by Google Wallet, which also allows you to store your credit or debit cards and then spend your cash. Apple Pay and Android Pay are digital wallets linked to different types of smartphones. They allow you to make payments through your device in seconds without having to share any financial details.

Each service takes great care of your personal information and can be used to top up an online casino account. When you place a stake at a table game, play the slots, take part in tournaments, or try your luck at live dealer games, these services use NFC technology, an internet connection or a POS terminal to process your payment.

Aside from these key players, you can also opt for iDebit, Skrill, ecoPayz or Neteller. They also have an excellent reputation among gamblers. By checking in advance that an e-wallet is compatible with your needs and preferences, you’ll get the best out of your online gambling experience.

Will Online Casinos Accept Cryptocurrency?

Yes, many casinos do accept this virtual currency. However, it’s only available in the digital world, so you won’t find physical versions of it that can be spent, such as coins or banknotes. Instead, cryptocurrency is based on a technology called a blockchain. This system records information relating to every transaction, making it almost impossible for cheats or hacks to take place.

Some of the best-known cryptos are Litecoin, Bitcoin and Ethereum. All three have become acceptable methods of payment at casinos and are ideal for gamblers who want a secure and anonymous method of depositing or withdrawing funds. More and more gambling websites are compatible with crypto methods, so it’s worth taking a look at our cryptocurrencies section to find out more.

Make Deposits on the Go With Mobile Payments

The vast majority of us have access to a smartphone, so it’s unsurprising that we often choose mobile pay as a convenient and secure payment option. Using a service such as Samsung Pay, Apple Pay or Google Pay, you can link your credit or debit card to your phone. This allows you to make payments even when you don’t have your cards with you. It’s a great option for anyone who gambles online because you can add funds or withdraw your winnings from wherever you are. Some mobile payment services have a pay limit of around £100 per day as a way of securing their users’ accounts. You can learn more about making mobile payments at online casinos in our mobile pay area.

A Global Solution: Wire Transfers

Wire transfers are a trustworthy and established payment method that allow you to send or receive money internationally. They are processed through your bank account and use a secure system to transfer your funds, as per your instructions. Therefore, if you have a problem, it’s important to contact your bank for help. You can initiate a transaction online within minutes, confirm it, and the recipient will have access to the cash as soon as the process is complete. Bank transfers are useful for making deposits and withdrawals, but the entire transaction can take a few days. If you don’t have a credit or debit card, this is a good alternative that’s equally secure. However, if you are in a rush, you might need to look elsewhere.

Why Use an Alternative Payment Method?

The world becomes more interconnected every day, and moving funds around between countries and continents is now a necessity. To meet this need, new financial services are emerging regularly, and casinos are keen to make them available to players. Frequently, when it comes to playing slots, poker, bingo, blackjack, and more, gamblers are favouring alternative payment methods over traditional ones.

Alternative payment methods offer more choice, the ability to pay in a way that suits the player, and increased privacy. When you pay with a credit card, you have to share vast amounts of personal information, but with an e-wallet, cryptocurrency or mobile payment service, the transaction is completely anonymous.

At PayGamble, we have created a series of thoroughly researched guides on every payment method that can be used in an online casino and ways to stay responsible while gambling. If you can’t find what you’re looking for or you need more information on a particular method that is not listed, get in touch with us at hello@paygamble.com.