One of the most important things that many players check before they signup with a particular online casino is the payment options accepted. The reason for this is simple. The payment methods supported by an online casino determines how you can fund your casino account and also withdraw winnings. In this comprehensive article, we will explain the different payment methods available for use at most top online casinos. We will identify what makes a good payment method as well as other payment-related factors you need to consider before selecting a casino. Visit http://www.morewoodcampout.com/ to find the best online casinos with a good game selection.
- Online casinos accept multiple types of payment methods
- The processing time for deposits and withdrawals is specified by the casino
- Some payment methods may require you to pay fees for processing transaction.
Generally, the payment method accepted by online casinos can be grouped into 4 categories - e-wallets, credit/debit cards, cryptocurrencies and mobile payment platforms. Each of these categories has pros and cons for using them. E-wallets are known to be one of the most secure forms of payment methods and they are usually not linked to players' personal bank accounts. Besides that, most casinos process payments made via e-wallets faster than other payment options. However, there may be charges you need to pay when you use e-wallets on online casinos. Some of the popular e-wallets accepted at casinos are Skrill, Paypal and Neteller.
Credit/Debit cards are by far the most popular payment methods accepted by almost all online casinos worldwide. The good thing about this payment method is that it is easy to use and equally secure. Most credit/debit cards add an extra layer of security such as One Time Password (OTP) so as to make transactions more secure. While most casinos do not charge their players processing fees when they use this type of payment option, you may have to pay some maintenance fees to the card operator. The processing time of credit/debit cards is also fast. Below are some of the common credit/debit cards accepted by online casinos.
- American Express
Cryptocurrency is a payment method that is not as old as credit/debit cards but equally fast and secure. The good thing about using this payment method is that it offers players complete anonymity because of the way it is structured. One important thing that you need to note, however, when using cryptocurrency to make deposits and withdrawal at an online casino is that the value can change at any time. Cryptocurrencies are highly volatile, so you may want to use them when their value favours you the most. Common cryptocurrencies accepted by online casinos are Bitcoin, Etherium, Litecoin, and Dodge Coin.
Mobile payment is not yet a common means of payment at casinos, but there are a few online casinos that currently accept them. This payment method allows you to deposit money into your casino account via your phone bill. One thing you need to know about mobile payment methods is that it can only be used for deposits and not withdrawal. Besides that, the deposit limit is often smaller than other payment methods usually around $100 per day. Mobile payment method is also secure since you have to perform the transaction on your personal phone. Examples of popular mobile payment methods are Zimpler, Payforit, and BOKU.