Common kasino payment options
Online transactions are riskier than paying in person. Unscrupulous individuals are always happy to take your information if the security on the site in question is not strong enough. This is one of the reasons why picking the best payment option for your needs is so important. Select a method that protects your identity as well as your finances.
Let’s explore some of the safer and more common payment methods. We will preface this by saying that not every kasino offers all the options in this section. However, it is highly likely that it offers at least one of them. The options that we will cover include:
- Bank transfers
- Debit/credit cards
Bank transfers take and deposit money directly to your bank account. This is generally a safe option. First, not all banks accept transactions from kasinos. If you attempt to use this payment method and your bank does not allow it, it could take days to return to your kasino wallet. This may be because the bank is in a state where gambling is not legalised. Second, bank transfers can take quite some time, even when the institution accepts gambling transfers. It could take one to three days to deposit money using a traditional bank transfer such as an EFT payment.
A third-party service can sometimes offer instant bank transfers. However, it only works for kasino deposits. Players must find another option for withdrawing winnings.
Debit and credit cards
Readers are likely already familiar with this method of payment. The downside to this kasino pay option is that it requires you to input financial details directly into the kasino’s website. This can be risky, particularly if the provider does not offer advanced security options.
Cryptocurrency is gaining popularity to fund your account. You must purchase tokens using real money and deposit them in an online ‘wallet’ with cryptocurrencies. Once the tokens are deposited, you can use them to send and receive money without putting your personal information in the online kasino’s payment page.
Can I use the same payment method for my deposits and withdrawals?
The answer to this question varies. Not all deposit solutions have a withdrawal counterpart, and even some that offer payouts both ways might not be ideal for both. Sometimes a kasino deposit method offers players great terms and speedy service while imposing fees and transaction wait times on withdrawals.
Are you ready to find the perfect kasino? Take a look at our reviews to find out more!