The Best Slot Casino Online Banking Methods

Home > Banking
by Ryan White | 28/06/2020

 

For avid online players, having a secure means of depositing money into their account is essential. The fact that you can safely and securely transfer money from your bank account into your online real money casino account means that you can play your favourite real money casino games without the risk of being scammed. Mostly, online payment methods in an online casino are quick, easy, and encrypted using 128-bit Secure Socket Layer.

Your choice of a casino banking option will determine how long it will take before the money gets deposited into your account or when you can receive your money after withdrawing. Also, the country you’re residing can also affect the deposit and withdrawal methods available to you. For example, if you live in the US, the available casino banking options are limited compared to if you live in Australia.

If you're a first time player who wants to win real money on online pokies, you will have to use one of the several casino banking options available at your chosen online casino site. This will allow you to deposit money into your account which you can use to play games and even withdraw any winnings you might have. There’s a lot of ways to deposit cash into your online casino account, although you should keep in mind that not all of them will be available to you. Also, you should keep in mind that some casino bank options will charge you with an additional fee per transaction.

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What are the Most Popular Casino Banking Options?

online casino bankingFor a first timer, a quick, easy, and secure means of depositing funds into your account is through debit or credit cards. For more advanced players, e-Wallets such as Paypal, Skrill, or Neteller are often preferred. Here’s a list of the most common casino bank options available for depositing and withdrawing funds to and from your online casino account:

PayPal

PayPal is an e-Wallet service widely used by casino players as a means of depositing and even withdrawing funds on their account. In just a matter of minutes, you can set up your own account and have access to your e-Wallet which you can then use for any casino-related transactions. PayPal casino payments are available for players living in most countries, including Australian and New Zealand players.

Neosurf

Neosurf is fast becoming the favourite payment method for Australian online casino players. This is because it is safe, reliable and anonymous. Neosurf is a prepaid card that you can purchase at numerous outlets. The card has a unique PIN number that you must enter in the casino cashier section when registering the payment method. 

Bitcoin

Bitcoin cryptocurrency payment method is taking the online casino world by storm. So much so, there are new online casinos springing up that will allow you to make your casino deposits and withdrawals using Bitcoin alone and do not accept fiat currencies. Even so, the majority of online casinos accept both fiat currencies as well as Bitcoin. Bitcoin's popularity is mainly because it is reliable and completely anonymous.

Visa

Visa is an all-purpose credit card which is considered as the biggest charge network in the whole world. If you want to fund your casino account using Visa, you will find the Visa credit card to be the most uncomplicated deposit option in the world of online gambling. Visa credit cards tend to have a higher approval rate compared to Amex and Mastercard, while Visa debit cards can be used in most locations around the world.

MasterCard

MasterCard casino payment options are considered the biggest rival of Visa in the global online casino industry. Back in 2011, MasterCard has started declining players from the US. However, it is still considered as one of the most popular and reliable online payment methods in most online casinos nowadays.

Bank Transfer

Likewise known as wire transfer, it is a safe and easy method for depositing and even withdrawing funds on your account. The problem with bank transfer is that it will often take a bit of time before the amount is reflected on your account. In most cases, this is only used as a backup method in case any other methods fail.

Prepaid Card

Prepaid cards work just like credit and debit cards, except that you are funding your online casino account more discreetly. With a prepaid card, you will have to load it with a certain amount of money before you can use it to make deposits on your preferred online casino. Unlike gift cards, you can load your prepaid cards both locally and online. Keep in mind, however, that there are some online casinos that won’t accept prepaid cards, hence it is important to confirm if your prepaid card is accepted in your preferred casino. You can do so by contacting their customer support via email or live chat.

What to Consider before Choosing a Casino Banking Method

online casino payment methodsBefore you make any financial transaction online, you should make sure to protect your bank and credit card details. The same goes with playing in an online casino. As much as possible, try to minimise the use of your card or bank details across various casinos. The easiest way you can do so is to open your own e-Wallet account for depositing and withdrawing funds. 

Another thing to consider is the currency your preferred online casino accepts. In most cases, US dollar, British pound, Euro, Canadian dollar, Australian dollar, and even Bitcoin are considered as the most common currencies accepted in most casinos online. The US dollar used to be the most popular currency accepted in most casinos before, but federal laws caused it to drop its popularity down to second place, being replaced by the Euro as the most popular currency accepted in online casinos. Third in the list is the British Pound, while on the 4th and 5th spot are the Australian and Canadian dollars respectively. 

Lastly, players should also keep in mind that while most online payment methods support deposits, only a few of them support withdrawals. For example, it might not be possible to withdraw any winnings you have through bank transfer, although PayPal and credit cards will. This also depends on the online gambling regulations within your country.

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