Casino Payment Methods
Since online gambling has become the newly discovered hype activity, people have looked for flexible and ideal casino payment methods to facilitate their online activities. Money is an integral part of gaming because whether you will be making deposits or withdrawals, there is money involved. There has been increased availability of payment methods to cater to different people and their needs. There are several alternatives for online payments, from banking transactions to e-wallets and even credit and debit cards. Our review offers extensive information on the same and everything you need to know on the topic.
How to Choose Deposit Methods
When it comes to casino payments, deposits are what kickstarts you into winning possibilities with real cash payouts. Before embarking on your payments, you must probably select a deposit and withdrawal method that works best for you. Here, you will have to consider the features of each payment method on offer in terms of transaction fees, processing times, maximum and minimum limits. The following are some of the commonly used deposit methods;
Debit cards are amongst the popular methods in use worldwide. Most casinos readily accept credit and debit cards hence pushing their popularity. The range of widely available cards includes Visa cards, MasterCard, Maestro, and Laser. Though they allow players from most countries to pay for their slots quickly, some countries are limited. It is advisable to check if your land can utilize debit cards on your favorite sites.
Prepaid cards such as Paysafecard are a safer alternative for depositing into casinos. Currently, it is more prevalent in the UK and the more significant part of Europe. Their simplicity comes in the form of no personal information requirements and ease of accessibility. Topping up the cards only requires visiting high street retailers or the cards’ websites.
With e-wallets as Canadian casino payment methods, many users can be marked on various online casinos. The popularity of e-wallets has grown due to the ease in processing, enhanced security and fast nature of the transactions. The following are the most common ones in the market;
As a deposit method, Ecopayz is widely used in Canada. It allows for up to 45 currencies, making it ideal for transferring from currency to money. It is accepted in hundreds of casino sites in the country, making it highly popular with Canadians.
With its main base in London, England, MuchBetter is an e-wallet that offers safe and secure for customers to manage their online payments. Due to its features are ideal for e-commerce, gaming, mobile payments, and mobile apps. Players can make payments into several casinos online using this option.
Advertised as a universal payment method, WebMoney allows for deposits and withdrawals from casinos and other sites on the internet with utmost security. It functions with various currencies, making the process safer and more accessible to players. The transaction fee currently stands at 0.8% on the amount paid. No payment is charged with transactions between the same type of purses of VM-identifier and WebMoney passport.
Jeton’s catchphrase assures players instant, secure, and simple monetary payments to global businesses. Over a thousand online companies have Jeton integrated into their payment systems, including multiple online casinos. All you have to do is check for compatibility before selecting the payment option for your deposits.
Sticpay is an e-wallet that consolidates all your monetary transactions under one roof. It allows for various payment options with cash backs, no chargeable risks, etc. They partner with credible online casinos to offer safe and secure gambling with increased ease of depositing.
Bank Wire Transfer
Bank wire transfers are the most extensively used deposit and withdrawal payment options. Their features include lengthy transaction durations and accompanying transaction fees. Though the two can discourage people from using the option. It is important to note that they are the safest and most reliable. In the case of making large deposits and withdrawals, bank wire transfers offer the highest security regardless of the transactional fees and relatively lengthy transaction time.
While other payment methods take a transactional time of 0-3 days’ bank wires can take 0-7 days for deposits or withdrawals. It is helpful to familiarise yourself with the transactional limits of the bank that you settle for. This can be achieved by looking up the bank’s website or chatting with their customer care agents. It will ensure that you understand the depositing limits regarding time and deposit amounts.
Online casino payment methods have been revolutionizing with the growth of technology. The cropping up of mobile payments such as PayPal and the like has allowed Canadians to facilitate their online casino gambling from the comfort of their homes. Mobile payments entail using apps linked to the sites and require personal and bank information. The main benefit of beneficent methods for depositing is that you do not have to enter your bank details every time you need to make a deposit or withdrawal. The apps allow you to move money as you prefer. Other everyday mobile payments include Samsung Pay, Google Pay, and the like. These mobile payment methods’ safety and ease of access are their top-selling features.
Online gambling has not been left behind as the world takes up cryptocurrencies. Cryptocurrencies have been gaining popularity in various spaces, including online casinos. The nature of these cryptocurrencies makes them most ideal for use in gambling. Some noteworthy features include their anonymity, ease of transaction, security, widespread compatibility, and more. Anonymity and security attract most players to use these alternatives of the mentioned features.
Since crypto-only requires a wallet and money, a player can deposit money into their online casino accounts and leave no trace in the form of banking details. The popularity has grown to the point that some casinos offer exclusive cryptocurrency slots paid using the selected crypto. The types of crypto in the market have also been increasing. Here is a list of the most common ones available with online casino sites:
- Bitcoin cash
- Bitcoin Gold
Fast Withdrawal Casino
After your deposits and plays, you will most definitely be seeking a way to withdraw your cash. Most casino online payment methods allow you to make deposits and withdrawals. Some plans only offer deposits and no withdrawals, so you need to be keen if you intend to use the same method for both. The majority of the above-discussed methods for deposits can work efficiently with withdrawals. With the exception of pre-paid cards, the rest can be used for withdrawals.
There are certain things to have in mind when it comes to withdrawals. First is the withdrawal limits. Different payment methods have other withdrawal limits. While some will allow up to $1000 withdrawals, some will only allow up to $50 withdrawals. In line with casino restrictions, you will have to ensure that your chosen payment method can comfortably support the casino withdrawal limit. The second is the KYC process. Some payment methods have rigorous KYC methods that are mainly instituted during withdrawals. This aspect is to ensure the authenticity of the person making the withdrawals. Lastly is the withdrawal processing time. While some payment methods require under two days to have your money in your account, others will take more than five days. Gauging these three things will help you select an ideal payment method for your withdrawals.
How We Rate Casino Payment Methods?
From our provided review, you can see numerous casino payment methods to choose from. The goal of selecting these payment methods is to establish the best casino payment methods. To ensure we offer a basic understanding of generalized information, we went through different reviews and familiarized ourselves with payment methods. Certain vital concepts were recurrent, and we found the most important. Here are the two most critical aspects that went into determining how we rate each casino payment method;
Though people transact online, they live with the fear of online hacks and losing their money to unscrupulous dealers. Safety and security in payment were things that we widely considered. Ensuring safe and secure payments avoids risks such as stolen personal information being used in fraudulent activities. The methods discussed in this review have been extensively checked for safety and security risks, and there are close to none for each.
With casino deposit methods, we found anonymity to be a welcome feature for most players. No one wants their personal information traceable by hackers online. To counter the same, players relied on anonymity payment methods as a feature. This includes cryptocurrencies, prepaid cards, and more. Though anonymity has s, it is still beneficial to utilize approaches that priorities anonymity.
Recommended Casino Sites
Concerning the payment methods, here is a list of the top online casinos available to Canadians:
|Casino Name||Bonuses||Features||Minimum deposit||Deposit options|
|Mummys Gold Casino||C$500 Welcome bonus with 50X wagering requirement||Mobile compatibility||C$10||NeoSurf, Neteller, American Express, Visa, MasterCard, Payeer, Skrill, ecoPayz, Debit|
|VideoSlots Casino||C$210 + 11 free spins welcome bonus with 40X wagering requirement, 100% match up to C$200||Mobile compatibility||C$10||Mastercard, Credit and Debit cards, Paypal|
|Platinum Play Casino||CA$800 Welcome Bonus redeemable in three cash-ins 50X wagering requirement||Loyalty programs and seasonal promos; Variety of games||C$10||Visa, ecoPayz, Entropay, Visa, Skrill, Mastercard, Neosurf, Neteller|
|Zodiac Casino||C$500 + 80 free spins welcome bonus; 80X wagering requirement||n/a||C$1||Debit, Entropay, ecoPayz, Flexepin, Interac, Mastercard, Neosurf, Check, Neteller, Skrill, Visa|
|Grand Modial Casino||C$250 + 150 free spins welcome bonus; 60X wagering requirement||Mobile compatibility||n/a||Flexepin, Debit, echeck, ecoPayz, Neosurf, Neteller, Mastercard, Visa|
|Casino Classic||C$500 welcome bonus; 30X wagering requirement||n/a||$1||eCheck, Visa, Skrill, Neteller, Debit, flexepin, ecoPayz, Entropay, Paysafecard|
|Royal Vegas Casino||C$1200 Deposit bonus; 50X wagering requirement||Mobile compatibility||C$10||Skrill, Visa, Neosurf, Neteller, ecoPayz, Entropay, Flexepin, Citadel|
Our listed casino payment method required an intensive online review of the available techniques. Our goal was to provide safe and credible payment methods that you can use on your favourite online sites. As you go about gambling online, it is helpful to consider some of the features discussed above. The entirety of the information is goal-driven to offer you an extensive knowledge of casino payment methods that are safe and easy to use. We hope it proves helpful.
Choosing a payment method is an individual task. You need to select features that you are most comfortable with. The two main ones you should prioritize are safety and anonymity to ensure seamless monetary transactions.
Comparatively, the safest payment method has to be bank wire transfers. They are not only safe and secure, but they are also highly reliable. Having been in use for decades, they offer comfortable transactions. Also, cryptocurrencies are highly safe, with anonymity being their main selling point.
The quickest ways to withdraw your winnings could be cryptocurrency wallets or e-wallets. Their transaction time lasts between 0-24 hours which is increasingly fast compared to other options.
This occurrence is generally in line with country regulations where some payment methods are restricted in some countries. The best way to go around it is to select a payment method that your country allows.
No. when it comes to casino payment methods, credit cards may be a viable option, but they are not predominantly necessary with alternatives such as e-wallets, cryptocurrencies, prepaid cards and the like, you can deposit and withdraw from your casino site without a credit card.