Managing payments among punters is now more convenient and secure, thanks to adopting new technologies in the online casino industry. If you’re looking for a way to make instant withdrawals or deposits, several options are available with a greater financial security guarantee. 

If you’re a gambler looking to navigate the payment methods to ensure you get the fastest, safest option with no hiccups, this guide is for you. 

Best Casino Payment Methods

The world of online casinos has truly transformed as far as banking methods are concerned. With plenty of options, including e-wallets, credit and debit cards, crypto payments, invoice payments and much more, today’s gambler is spoilt for choice. Luckily, Casinojungle has a list of trusted online casinos that accept most of these payment methods, saving you the time needed to research the ideal casino.

That said, the efficiency and ease with which today’s casino payments can be made is not without challenges. For instance, you must be keen on the T&Cs associated with each option with regard to making deposits, withdrawals and bonuses. 

With that in mind, you must have a checklist to analyze and select the best payment methods. Therefore, before we look at the available casino payment methods, let’s briefly review the criteria for selecting a payment method. 

How to Choose the Best Casino Payment Method

Analysis paralysis is a real thing when it comes to choosing the best casino payment methods. To help you navigate through the numerous methods available, here is what to look for:

  • Fees — Casino payment service providers charge different fees for deposits and withdrawals. Some charge a fixed fee for both, while others charge a percentage. Most payment methods do not charge fees on deposits. Either way, always look for the method with the lowest fee charges.
  • Limits — You also need to look at payment methods that offer transaction limits that are conducive for you.
  • Transaction processing times — The payment method you select will also determine how fast the transaction takes to reflect when depositing or withdrawing. Some take a few minutes or hours, while others can take up to several days. 
  • Available currencies — Depending on your location, you’ll need to choose a payment method that supports several currencies. That said, even the most popular methods do not support all world currencies.

Debit cards and Credit cards

Debit and credit cards are widely accepted methods of payment in casinos. Although certain jurisdictions prohibit some cards, reports suggest that such restrictions will soon be lifted. 

VISA and MasterCard are two of the most popular cards you can use to make payments in any online casino. These cards are fast in processing transactions and widely accessible. 

Better yet,  VISA and MasterCard users might also qualify for some deposit bonuses on most online casinos.

E-Wallets for casino players

Electronic or digital wallets have provided a great deal of convenience to casino players. These wallets are fast and safe and give you more control and ease of tracking your payments. 

Regarding transaction processing speeds, e-wallets generally process deposits and withdrawals instantly. Some of the popular options include;

  • Skrill
  • Neteller
  • PayPal
  • PaySafecard
  • Trustly
  • EcoPa
  • EcoPayz
  • MuchBetter

e-Wallets have become a popular payment method because of the ease of setting them up. Some, like PayPal, have over 431m active users and support up to 20 currencies while operating in over 200 countries. Others, like PaySafecard, are highly secure with a 16-digit verification code for robust security. 

Pay-by-Phone payment methods

Did you know you can pay to your online casino using your phone credit? Here are the options you can explore if you wish to try out this technology; 

  • Boku — Boku is a mobile billing payment method that allows you to deposit funds into your casino account using the credit on your phone. Alternatively, you can opt to charge the payment to your casino on your next phone bill. Unfortunately, it’s a one-way payment method, so, it cannot be used for withdrawals. 
  •  PayForIt — Payforit is another method supported by many casinos. With just a few clicks, you can use Payforit to fund your casino account and charge the transaction to your phone bill. 
  • Siru Mobile — With Siru, you can use your SIM card and phone number to deposit into your online casino account. It’s highly optimized, so many casino players will find it easy and convenient to use. 

Cryptocurrency payments

Blockchain technology has disrupted almost every aspect of the financial sector, including payments in online casinos. To date, several casinos accept Bitcoin, Ethereum, Litecoin, and other popular cryptos. 

Cryptocurrencies are widely accepted because of the financial anonymity they offer. In addition to being anonymous methods of payment, they’re supported by secure blockchain technologies. That said, you’ll need to contend with the volatile nature of cryptos.

Apple Pay

Apple Pay is another relatively new payment method now available to casino players. It is exclusive to iPhone users. 

Apple Pay is highly secure and convenient to use, enabling faster deposits. Unfortunately, you can only use it to make deposits, and hence, you will need another payment method for withdrawals. 

Google Pay

There was no way Google would let Apple eat all the cake alone, so they launched Google Pay to offer convenient deposit casino payment options for online casinos. 

Google Pay utilizes smart authentication security measures to protect mobile-based payments. To top it up, Google Pay users do not incur any charges when they use this method. 

Conclusion

Unlike traditional banking methods, which took several days to process transactions, casino players can now rely on more convenient and faster payment methods. Whether you’re looking to use debit or credit cards, eWallets, pay-by-phone, or cryptocurrencies, technology has given today’s gamblers many payment options. 

You can navigate the payment options available by looking at the fees charged, limits imposed, currencies supported and transaction processing speeds to choose the best casino payment method. These factors should help you choose the method that suits your preferences and gamble without a hassle.