Exploring the Most Popular Payment Methods at Online Casinos
In the modern market there's so many options to deposit at online casinos or withdraw. Popular payment methods for online casino fans include:
- • Bank cards
- • E-wallets
- • Cryptocurrencies
- • Prepaid Cards
But - that's just the types. Each of those have dozens, or more, different brands and providers to choose from. You could use cryptocurrencies Ethereum or Litecoin, for example, or you could use e-wallets PayPal or Neteller.
They all have their advantages, and their disadvantages too. Sounds like a lot, right?!
That's why we made this guide, to explain exactly how each popular casino payment option could work for you.
Popular Payment Methods
Bank Cards
The original. The OG. The granddaddy of the game. Online casinos would never have been possible without bank cards.
You know what it is. If you're reading this, you've got one.
On the plus side, there's that - bank cards are the most widely available option for sure. They're also secure and super easy to use.
On the downside, they're linked directly to your bank account. Which isn't always the most secure or private option.
They can also often be credit cards, or even debit cards with an overdraft. This isn't so good for online casinos as it allows you to potentially gamble more than you can afford.
Bank card options you might find include
- VISA
- MasterCard
- American Express
- Discover
Cryptocurrencies
The new kid on the block (chain). The upstart. The young contender.
Cryptocurrencies are digital coins linked to a blockchain ledger, which is (anonymously) open to all to see and use. This makes them an incredibly fast, efficient, secure and anonymous way of moving money online.
Perfect for online casinos! And they are great.
But not all online casinos have got on board just yet. Especially those with big regulators looking over their shoulders.
Cryptos are also highly variable in value, except for stable coins like Tether. And they're a little bit complicated to use for new adopters.
But - once you get them set up, they're very efficient and quick. Plusollots of newer casinos focus on crypto too, with extra bonus incentives to use them!
Options for crypto coins are in the hundreds. But popular cryptos for online casino payments include
• Bitcoin
• Tether
• Ethereum
• Litecoin
• Dogecoin
E-wallets
E-wallets are like the midpoint between crypto and bank cards. They use traditional money, but they are middle-man platforms between you, the bank and whoever you're paying to online. In this case, casinos!
E-wallets can help you separate your bank from your casino gaming funds. This means faster transactions, sometimes in one click, and it lets you budget more efficiently.
Popular e-wallets to use at online casinos include:
- PayPal
- Skrill
- Apple Pay
- Trustly
- Neteller
Prepaid Cards
Another option is prepaid cards. These are sort of like e-wallets, except they can be topped up and used offline as well as online.
Prepaid cards are the best for budgeting, as they can't be one tap linked to your bank account. If you use all your funds, you have to go back to your bank to refund the card.
You can also set your own deposit limits on prepaid cards. Which is great if you're using a casino that doesn't have that option available.
On the downside, this makes them the least convenient for regular or high-budget players.
Popular prepaid cards you'll find at online casinos include:
- NeoSurf
- AstroPay
- PaySafe
Conclusion: Picking the Payment Method for You
So, that was our guide to the popular payment options at online casinos today. If you still can't decide, here's our brief key points lowdown.
If you want the fastest, most secure and private transactions with extra bonuses- cryptocurrencies are the way forward. However, they can sometimes be complicated to set up and use.
If you want the simplest most widely available option you probably already have, use your bank card.
If you're on a strict budget with your gameplay and don't mind some fees for convenient payments, try a prepaid card or e-wallet.
Bang! Now you're armed with the info, it's time to visit one of our linked casino sites and try out your new payment method of choice. Good luck and have fun.