Introduction to Payment methods for casinos
You’ve read our reviews. You’ve seen the offers. You’ve played some demo slots and a round of blackjack against six other yous around a table. Maybe you even know how to play craps (not likely). Read on for the good news when it comes to parting with your money.
You’ve chosen the casino that looks right for you and now you want to deposit some hard-earned cash to dangle in cyberspace – no longer yours but not quite lost.
But here’s the good news: you have options. You know about debit cards. You know about credit cards. You know what a bank account is. You might even have one or six. Maybe you’re concerned about internet security and identity fraud.
It’s time to weigh up the options:
E-Wallets (Digital Wallets)
If you are a cybersecurity sceptic, or you don’t like entering your payment details into every website you join, then using an E-Wallet service like PayPal is perfect. When depositing, you don’t have to re-enter your card number or bank details, simply log in to your digital wallet account and get playing. You’ll have all your payment details already set up. In addition, you won’t have to provide your personal details to every casino you sign up for.
There are a couple of things to bear in mind – firstly, some of these services have transaction and exchange fees. Secondly, make sure your E-Wallet isn’t connected to an out of date debit card or bank account. This could cause some unnecessary hassle. When you get a new debit card, update the details.
Which E-Wallet is for you? PayPal is patently the best known. Also available: Skrill, Neteller. But beware – sometimes deposits with these lesser known E-Wallets can mean that you’re ineligible for first deposit bonuses on certain casinos.
Credit Cards (Mastercard, mostly)
As is the case in all walks of life, there are upsides and downsides to using a credit card; the niggling fees, the crippling interest rates and honestly, nobody likes being in debt. However, they do offer an extra layer of financial protection if, for example, the casino happens to go bust and can’t pay your balance back. So, you can make a claim to the credit card company before you’ve lost money for good.
Debit Cards (Visa, mostly)
You know what debit cards are. But if you don’t, you can visit our helpful page on Credit and Debit Cards.
Transfer money straight from your bank account. Though it cuts out the middlemen, it often has a longer processing period than other payment methods. Even for depositing some money to get started, it can take up to three days for the cash to reach the casino.
Pay by Phone
Not available everywhere but they may never phase this out completely. Again, options are good.
Pay by Phone Bill
Read all about Boku, and which casinos accept it here.
Payforit is an increasingly popular way to pay for online goods and content, especially for depositing at casinos. Players can pay with “just a few clicks” with no need to enter credit or debit card numbers. Why? Because charges are added straight to the customer’s mobile phone bill.read more
Dotpay is a local Polish payment method that can be used on online casinos to make deposits and withdrawals. As this suggests, dotpay cannot be used by the majority of customers around Europe and the World. However, if you are a Polish casino player…read more
Zimpler is a payment method that can be used to deposit funds at an online casino. It was founded in Sweden in 2013. Zimpler is a mobile payment solution like Boku. However it functions slightly differently as Boku is a pay by phone bill method.read more
Entercash is a rapidly growing Fintech payment method for depositing and withdrawing at online casinos in the UK and elsewhere in Europe. It was founded in 2011, and now runs out of Malta. It is regulated by the Malta Financial Services Authority (MFSA) and is fully compliant…read more
Mastercard is a financial corporation that processes payments between a customer and a merchant. A player will find on their credit or debit card the logo of a company at the bottom right. This will usually either be the Mastercard or Visa logo.read more
Visa is a multinational financial institution that, like Mastercard, processes payments between a customer’s bank and the merchant’s bank. As most consumers are probably aware, their debit or credit card will likely bear the logo of such a company.read more
Trustly is a popular casino payment method, especially in Sweden and other parts of Scandinavia. The parent company is Trustly Group AB, a Swedish corporation. They are regulated by the Swedish Financial Supervisory Authority, known in Sweden as the Finansinspektionen.read more
WebMoney is ostensibly an e-wallet service founded in Russia in 1998. WebMoney’s technology offers an online eco-system that is optimal for linking their client’s finances.read more
Did you know that you can often deposit and withdraw funds for your online casino account at a high-street betting shop (providing the brand has them)? To many players whose primary experience is online gaming, this may come as a surprise.read more
Sofort is a Munich-based German company that operates mostly in central Europe. Founded in 2005, Sofort is an online banking facilitator that allows customers to transfer funds from their current account to other individual’s and institution’s accounts.read more
Wire Transfer, or Bank Transfer, is a common payment method for depositing and withdrawing funds from online casinos. Though there are benefits to wire transfers, there are also reasons why other methods are preferable.read more
Diners Club is part of the Discover banking network. The majority of Diners Club cards are credit cards, just like a Mastercard or Visa etc. They can be used in exactly the same way, provided that the merchant accepts it as a payment method.read more
PayPal was a software, developed by Peter Thiel and Max Levchin, named Fieldlink (later Cofinity) that first appeared on the PalmPilots and Personal Digital Assistants of the late 1990’s. By 1999, this was first known as PayPal.read more
Boku are the popular pioneers of direct operator billing, aka “charge to bill.” Instead of troubling your bank accounts and credit cards, deposit money onto Boku casinos and add the charges to your mobile phone bill.read more
Credit and Debit cards are the most popular way to deposit and withdraw funds from online casinos. And that is no surprise, given that they have become the ubiquitous way to pay both online and in our physical lives.read more
When you sign up with Entropay, you can effectively create disposable virtual debit cards. Each card you generate works like a prepaid VISA debit card, but you can create and delete them at will in order to protect your finances, and guard against online fraud and identity theft. If there is a security breach, then it is easy to contain the problem.read more
Neteller is the E-Wallet service most closely associated with the online casino industry – an association that has been somewhat turbulent for the Canadian turned Manx payment processer.read more
Paysafecard is an online, prepaid payment method that is accepted by many online casinos in the UK and elsewhere in Europe. Like other digital, prepaid payment methods like Entropay, or e-wallets like PayPal or Neteller, you do not need to offer personal financial information like card or bank account numbers when depositing or withdrawing from an online casino.read more
Skrill, formerly known as Moneybookers, is an e-wallet payment service that is readily accepted on online casino sites. The company has been in operation for over a decade, and is highly experienced in the online gaming industry. Skrill has even been authorized by the New Jersey Division of Gaming Enforcement (NJDGE), as the only e-wallet service sanctioned for processing payments for online gaming in New Jersey. This is especially notable because New Jersey is the only US state that permits online casino.read more
EcoPayz is an e-wallet service. Founded in 2000, it is one of the longest established e-wallets in the world. Like other e-wallet services PayPal and Skrill, customers transfer funds from their bank accounts, debit/credit cards, and other permitted methods into an ecoPayz account. Then, customers can pay for goods and services securely through their account to merchants that accept ecoPayz as a valid payment method. E-wallets are often a good choice as a preferred online casino payment method.read more
ClickandBuy’s financial services were terminated in 2016. For more information visit here. For alternate Payment Methods, visit here.read more
For more information on using an Eco Card at online casinos, visit our page about the payment provider ecoPayz.read more
Bitcoin is unlike any other currency that is featured on Inside Casino. It is not even a currency in the traditional sense: it is a cryptocurrency. Not many mainstream online casinos accept bitcoin yet. However, it is becoming more and more prevalent for online merchants to accept bitcoin as a legitimate form of payment.read more
Giropay is a German online payment system that allows players to make deposits through their internet banking accounts. Giropay is available to over 17 million Germans. Those with Sparkassen accounts (Germany’s public banking system) and cooperative bank accounts can utilise Giropay’s secure online payments. However, Germans with private bank accounts will likely not be able to use the service.read more
Payeer is an e-wallet payment solution which is accepted on certain online casino sites. Based in Aberdeen, Scotland, the company’s tagline line is “Payeer Ltd. is electronic online wallet.” A bold statement indeed, especially when you’re competing with PayPal, let alone Skrill and Neteller. So what of Payeer as an online casino payment method?read more
PayPoint, as a payment method, is a blend of the physical and digital. In order to pay for goods and services online, such as an online casino, you have to go into a physical PayPoint location first.read more
As of 2015, Ukash has been fully incorporated in paysafecard. For more information, you can read the press release here.read more
Pay by Phone
Pay by Phone at an online casino encompasses a multitude of payment methods. These include different services that offer payment through the customer’s mobile phone bill, or by phoning up a casino’s customer services department to deposit funds by telephone.read more