Casinos try to meet the needs of their customers and, in addition to bonuses, also provide the best payment methods. Operators that support payment in the U.S., these include: payment cards, online wallets, prepaid cards and bank transfers. What factors determine the attractiveness of a particular payment method? First of all, security: both of the transactions and of the funds and personal data of the customer.
Customers prefer depositing and withdrawing funds by trusted and reliable methods. Another desirable feature a good payment method should have is speed. The customer does not want to wait several days for his casino account to be credited, so payment operators offering instant payments are most desirable.
It is worth paying attention to the issue of commission, which may be charged by both the payment operator and the online casino. Operators usually predetermine the amount charged for processing transactions, but not all, as a number of operators do not charge commission. In the case of online casinos, things look different. Deposits are not subject to fees. When it comes to withdrawals, there is usually no commission, but there is a limit on the number of free withdrawals per week.
Types of payment methods
In the list below, you will find the most important information about the best banking options online casinos. They have been divided into groups and characterized to make it easier to understand how they work:
- Prepaid cards
This is the so-called prepaid payment method. It owes its popularity to its high accessibility. It’s fast, secure and, most importantly, completely anonymous. The cards, depending on the type, can be purchased in a regular store, such as Paysafecard, or by registering an account for a prepaid card Entropay, which works like a virtual Visa card. Payments are fast and secure.
- Online wallets
— also known as e-wallets, are electronic wallets that allow you to deposit and withdraw funds from your online casino account. It is an electronic payment system attached to your email address that allows you to transfer money. Transactions are instantaneous, and withdrawals are possible at an ATM.
One of the main advantages is security. The web wallet can be funded from a credit card or bank account. This flow does not show a direct transaction between the casino and the bank account. This payment method is very popular and includes mainly two brands: Skrill, formerly Moneybookers, and Neteller.
- Payment Cards
This method of payment is one of the most popular among online casino customers. It is quick and easy and allows you to fund your casino account. Funds are credited to your account almost instantly, and you can play your favorite casino games in no time. Customers can also withdraw money to their card. Online casinos accept almost any payment card, so this form of deposit is interesting. It is important to save your card details when making a deposit to the casino, as this will be necessary for subsequent withdrawals.
Among all payment cards, virtual cards such as Revolut or Entropay occupy a special place. What is a virtual card? As you may have guessed, it is a virtual online version of the usual payment card. The only difference is that we don’t have to wait a few days to get one, and it’s much easier to apply for a card, which of course is only available in virtual form. The virtual card works like an online wallet, except that we provide the card details to pay with it, just like a normal card transaction.
- New, revolutionary methods.
This category includes methods that are new and, in some cases, not yet fully available at online casinos. Meaning Pay’n Play, a method developed by Trustly that will not require you to register a casino account or verify documents. Another payment method worth mentioning is Revolut, something like a bank account, with the difference that it allows you to exchange currency without commission!
- Instant Payments
When you deposit money into your casino account using instant payments, you are redirected to your personal online banking site. We have to confirm the ready-made transfer form, which already contains the name of the transaction – a specific identification number. The funds are credited to your account immediately or up to 15 minutes, depending on the operator. These payment methods are called online casino instant banking, because they significantly reduce the time of payment processing.
- Wire transfer
This is the traditional method of payment, which enjoys great confidence. Funds are transferred directly from the player’s bank account to the casino account and vice versa. Bank transfer would certainly be a widely used method were it not for the fact that you would have to wait a relatively long time for the funds to arrive compared to modern payment methods. The waiting time is up to 5 business days.
- Billing system
This group of payment methods is becoming increasingly popular, especially in Scandinavian countries. It allows payment by invoice through a cell phone and other means of customer identification. It is an innovative method that certainly has a great future.
3 top tips to help you choose a payment method
Need more help on payment methods at online casinos in the United States? Here are three tips to help you make your choice.
- Safety first
Ultimately, you are responsible for protecting your sensitive financial data from hackers and malicious activity when you pay for goods online, and casino games are no different. Use only the most secure online banking methods and play only at licensed and regulated casinos.
- Speed Matters
Although probably not as important as security, speed is still crucial for players who want to deposit and play as soon as possible.
- Perfectly coordinated method
Each and every one of your chosen banking methods for online casinos should first and foremost suit you and your needs. Some people prefer credit cards to debit cards, while other players prefer the ease of using an e-wallet.
If you have a store nearby, even prepaid cards can be the best online casino banking options if you want to minimize your digital footprint and protect your personal information.