Casinos are offering many different payment methods to accommodate the needs of the players regardless of what their preferences are. This always follows the change in financial tech and as a new payment method becomes popular casinos tend to add it.
A player should be aware of what options they have at their disposal and stick to those that they find to be reliable and that don’t cut too much into their winnings with a high fee structure.
1. Debit Cards
The most commonly used way to make an online casino deposit is to use a debit card according to AskGamblers deposit guide at https://www.askgamblers.com/gambling-news/blog/casino-payment-methods-guide/.
That’s because it’s a common way to pay for other services online as well as to make purchases. It’s a simple enough method that almost anyone can use without a need for any tech expertise.
There are fees for using debit cards and they are mostly paid when withdrawing funds from them. There can also be fees for using a foreign currency. This is a safe payment method that everyone can use and with it, you don’t need to worry about withdrawals being late or losing any money in the process.
2. Bank Accounts
Using bank accounts to pay for using online casinos is equally popular and equally common. It’s also similar to using debit cards both in terms of how it’s used and in terms of the fee structure. All that you need to set up such a deposit method is a bank account and an email account.
There are also clear ways to track the payment which means you can easily deal with the problem if it ever comes up. There are also fees to pay but they are not that much higher than those with debit cards.
E-wallets are another popular solution for transferring funds and one that almost every casino allows for. The most popular of these is probably PayPal and it has been around the longest. PayPal requires nothing but an email to be used and connected with a casino account. If you want to connect it with a bank account or credit card, you can do that as well.
There are more fees involved in using this payment method since you need to pay a fee when transferring the funds to the wallet and from the e-wallet to your bank or card.
The newest addition to most casinos when it comes to payment methods is paying with cryptocurrency. Just a few years ago cryptocurrencies were a novelty and now they are widely accepted as any other payment method or a way of storing value. There are numerous advantages of doing so for both the casinos and the players.
Cryptocurrency saves data and records in encrypted form and there is no need for any personal details of the users when making the payment. This advantage of cryptocurrency makes it superior to other payment methods. It ensures the security and anonymity of the user, which can be seen as a direct benefit chiefly in online casinos that pay real money.
This payment method allows you to be anonymous online and to make sure that your transactions are kept private as well. The transactions are also made to be instantaneous and easy to track in case there’s a problem with one of them.
5. Mobile Payment Apps
Mobile payment apps aren’t as popular as the other methods we mentioned but they do play a big role in some markets. There are two ways to pay with these apps – they could be connected to your credit card or to your phone bill. These are becoming increasingly important as more players are playing on a mobile device and therefore more looking for a way to deposit funds via their phones as well.
Large payment apps are secure and they have a steady customer service that you could call in case something goes wrong. These apps charge fees.
6. Pay by Phone
Pay by phone is a common way to add funds to your casino account. This is done via an online service that is confirmed with a message you get from your cell phone carrier. The payment is then charged on your phone bill. It’s a secure way to pay and one that you can easily trace when it goes wrong.
The phone companies charge a fee for using this service, meaning you’ll be charged a bit more than you’ve added to your account. It’s a useful method if you don’t want to convey your card information to the casino.
When to Change Your Payment Method
Most players tend to stick to the payment method they know and are familiar with. However, there are reasons to change your payment method as well. Obviously you should stick to the methods that are available to you. You should also be aware of fees and how much they take out of your winnings.
You should also look for a new payment method when you notice that there are glitches in the ones you’re using. If this happens too often you should get out and find a better method.
To Sum Up
There are numerous payment options out there and the casinos are always looking for ways to add new and more innovative ones. There are a few methods that are commonly used such as PayPal or credit cards, but there are also less used ones –like paying via your phone bill or using cryptocurrency.
It’s important to look for differences between these payment methods and to look for the ones that will suit you the most. This includes the fees and how easy it is to fix a problem if it arises during the payment process. Bitcoins are also a unique way to pay online casinos since their value can change suddenly.