Whilst the variety of games provided by any online casino is unquestionably important, what’s far more crucial is the selection of different deposit and withdrawal methods which the gaming site offers.
You can’t play, after all, if you can’t first get money into your account in a manner and more importantly… back out when you win!
Many online casinos offer a broad array of deposit options and this page is designed to offer a whistle stop tour of all of them.
A-Z Deposit Options
The newest of all the payment methods offered by online casinos, Apple Pay is at time of writing still only available at a handful of betting sites. It is a deposit method by which users can transfer money from their Apple Wallet using an iOS operated mobile device and its Touch ID security system.
One of the most widely available and simplest of deposit options, bank transfers deposit money instantly into an online casino account. Bank transfers excel in terms of security, as you do not have to provide card details or other sensitive information to an online casino in order to deposit.
Boku is the new kid on the block when it comes to deposit methods at online casinos. They allow players to make a deposit into their casino account and charge that deposit to their mobile phone bill. No credit or debit card is required. It is not available anywhere as a withdrawal option so you’ll need to use a different method.
One of a number of e-wallet style deposit options offered by some online casinos, Click2Pay is particularly popular in Germany and central Europe. Just like other e-wallets, its major benefits as a deposit option are that it prevents gamblers from having to give an online casino any card details and that it keeps the name of any online casino off the user’s bank account or card statement.
Available as a deposit option at essentially every online casino, credit card deposits are probably also the most commonly chosen alternative by gamblers. Whilst you do have to trust an online casino with your card details, credit card deposits are swift and easy, and work in exactly the same way as making a credit card purchase online.
A very similar deposit method to using a credit card, debit cards are also quick and easy payment options but differ in that money is transferred directly and immediately from a user’s current account when a deposit is made. In the unlikely event of a fraudulent transaction, too, a debit card user cannot simply cancel the transaction or refuse to pay as their money will have already left their account.
Maestro cards are debit cards issued by banks and building societies and part of a multi-national debit card service owned by MasterCard. Depositing with a Maestro card is possible at almost every online casino and the cards benefit from immediate deposits but do require a wait of a few days for any subsequent withdrawals to return to a user’s current account.
MasterCard are one of the biggest and best known multi-national financial services corporations in the world. When someone refers to depositing to an online casino via MasterCard, they mean using a credit card issued by that company and the deposits work in exactly the same way as any other credit card payment online.
Globally one of the most popular e-wallet services for online casino deposits, Neteller users can fund their betting accounts simply by making a quick transfer from their Neteller wallet. That means they do not have to provide any card details to an online casino and will not see the casino’s name on their bank statement or credit card bill.
Arguably the best known e-wallet payment service, PayPal is also one of the most secure and most trusted of casino deposit alternatives. The popular e-wallet is accepted by a large number of online casinos but deposits can often only be made through PayPal in a limited number of countries, most notably in the UK.
A deposit alternative which is popular with those gamblers who do not wish to provide any card or financial details to an online casino, Paysafecard deposits involve the use of a prepaid single use card. The cards can be bought either online or in physical land-based retailers and feature details which can be entered in the same way and in the same place as a credit or debit card to make a casino deposit.
Another popular e-wallet service, Skrill represents a swift and secure deposit option which is accepted by a vast majority of online casinos. Whilst perhaps not quite as well-known or trusted as PayPal, Skrill has the advantage of being able to be used by residents of a greater number of countries for online casino deposits.
Just like MasterCard, Visa is a massive financial corporation with a global reach. The company issue both credit and debit cards, both of which are accepted as payment methods by almost very online casino and betting site. It’s one of the quickest and easiest casino payment and withdrawal options around – definitely worth considering.
WebMoney is a Russian based internet currency system which works in a similar way to more traditional e-wallet services. As such, the deposit option shares many of the advantages of those alternatives but is generally currently only used by those individuals without access to the likes of PayPal or Skrill.
One of the longest established and most trusted of money transfer services, Western Union can also be chosen as a deposit option at many online casinos. Arguably the most notable advantage of Western Union as a casino deposit option is that it is one of only a few which allow cash to be turned quickly into betting account credit.
Which Method is the Safest?
All casino deposit options have pros and cons when it comes to safety and security. Credit and debit cards offer safeguards and security measures from a user’s bank or the card’s issuer but do require you to trust your card details to an online casino. E-wallets, on the other hand, shield your card details and bank details from that risk but you do have to trust the e-wallet service itself with those details. Methods such as bank transfers or Western Union transactions, meanwhile, can completely remove the need to enter sensitive information online but you will still need to do so if you ever intend to make a future withdrawal.
Which Option is Best for Quick Withdrawals?
Whilst a good number of deposit options can have your money in your online casino account instantly or in just a few hours, withdrawals always take considerably longer. The shortest total withdrawal times you can expect from any online casino are around 48-72 hours and it is e-wallet services such as PayPal or Skrill which typically offer these shortest waiting periods.
Do Any Options Have Really High Fees?
If you use a trusted and recommended online casino, you should never run across any really significant deposit or withdrawal fees. Some deposit options, however, do sometimes incur fees which may still be enough to put you off using them. Small percentage charges per transaction, for instance, can be commonly attached to deposits or withdrawals via some e-wallet or similar services and these can add up quite notably if you make lots of deposits over a comparatively short period of time.
What Are The Cheapest Deposit Options?
Fortunately, most of the best online casinos offer a number of deposit options which do not incur any fees. Commonly, these alternatives include bank transfers and debit card deposits and at many bigger betting sites can also encompass credit card deposits. It is also worth noting, what’s more, that as well as fees levied by the online casinos some deposit methods – most notably e-wallet services – can incur a charge per transaction regardless of whether they’re used for a casino deposit or a different type of online transaction.