Online and Mobile Casino Deposit and Payment Processing Methods

payment-methods

You can play in online casinos in demo mode. It is a great way to make yourself familiar with the different games the casino offers. However, if you truly want to enjoy the thrills offered by an online casino you will have to play for real, meaning you have to make bets with real money, and if you want to play like this you will have to deposit funds into your player account. In this case, it is important to know more about the deposits (adding money to your player account) and withdrawals (taking the money out).

A mandatory verification for optimal safety

No matter how much you deposit, you should always check that the website where you deposit the money is secured and begins with https, in order to avoid manipulation or stolen data. You should also be able to see a small padlock in the address bar of your browser. These two elements together show that you are safe on the Internet, and the SSL encryption protocol protects your financial transactions on the Internet. You can also expect that the online casino will ask you for verification of your identity, which usually happens when you withdraw for the first time. This helps them to prevent fraud.

Different payment methods for online casinos

In order to make deposits and withdrawals, you can choose between different methods. Not every casino offers the same options, but you can usually find common payment methods, and sometimes some specific local methods.

Credit cards

Credit cards (Visa, MasterCard, etc) are the easiest and most commonly used methods. However, you should know that if you are using a credit card, you will probably have to provide a few different documents to the casino.

Bank transfer

There are two main factors that speak for a bank transfer. On one side, you will not have to disclose your bank details, and on the other, it allows for very high deposit amounts. What speaks against a bank transfer is that it takes a relatively long time to be processed, and you will have to wait several days before the transaction is completed and the money appears in your player account.

Prepaid cards

There are many prepaid cards are available, such as Paysafecard, Ukash or Ticket Premium, for example. The concept has been inspired by mobile phone top ups. You can buy the vouchers from newspaper or are tobacco shops, as well as other types of commercial businesses. These vouchers are bought with a specified amount that you can spend on the Internet. To use the voucher, you will just have to enter the code and the amount shown on the voucher. The transaction is then immediately processed.

E-Wallets

E-wallets are electronic wallets, such as PayPal, Neteller, Skrill (Moneybookers), or others. The concept is based on a traditional bank account, and you can use the funds from this account to pay for goods and services on the Internet. The main advantage of this method is that you can use the money without having to use your bank account. This means that there is no need to put in your credit card number in the online casino where you are playing.

Considering promotions

Before you chose a payment method, it is important to know that many online casinos like prepaid vouchers and e-wallets. When you use these methods they will impose lower operating costs on the casino than conventional methods. Some online casinos are also looking to encourage players to use these kinds of methods by offering bonuses on alternative payment methods. Most of the time, these promotions come in form of a deposit bonus of 10% to 15%. This could be an interesting alternative to using your credit card.