Having a range of convenient and speedy payment methods can make or break a player's online casino experience. There is nothing more frustrating than having to wait ages for your deposited funds to clear or finding you need to sign up for a whole new payment method because your usual choice is not catered to. In the same vein being limited by withdrawal options or having to wait days to claim winnings just does not cut it in the modern casino world. With this in mind, today’s article explores the fastest casino payment methods most commonly available in online casinos.
Types of Casino Payment Methods
Card payments
Credit and debit cards are popular and commonly used as methods of payment for online casinos because of their convenience. Users can conduct quick and safe online transactions thanks to the worldwide funds transfer services offered by well-known payment solution providers like Visa, Mastercard, and UnionPay. Players only need to enter the card information on the casino website's checkout page and make a deposit in order to utilise a credit or debit card as a form of payment. Some players choose to use a different card just for gambling because it makes it easier for them to keep track of their spending. Additional money management apps and services such as Monzo can also be connected to your card which many players have been opting to use of late for easier spending awareness.
E-wallet
Electronic wallets or ‘E-Wallets’ are designed for people who place a high priority on security. You can just finance your account using an e-wallet rather than connecting your bank account to the casino. You can use the money held on them for transfers, and they function similarly to virtual wallets. Skrill, EcoPayz, and Neteller are three of the most popular e-wallets. E-Wallets allow you to keep to a budget more easily, as you can credit the wallets in advance with set amounts. Please note, E-Wallets are not the same thing as Cryptowallets which we will touch on later in this article.
Prepaid cards and vouchers
Prepaid cards are a fantastic fit for people who desire anonymity, much like e-wallets are. Gamblers can buy a prepaid card and utilise its sixteen-digit number to make deposits on the internet while remaining entirely anonymous, as opposed to topping off an account via a card or an e-wallet. If you believe that this method of payment is appropriate for you, search for prepaid card and voucher providers like AstroPay, Paysafecard, Boleto, Neosurf, and so on. Prepaid cards are also a top option for casual penny players with small and strict budgets as it keeps the money designated for online gambling completely separate from your bank account. (All players should keep to a budget, but some players do have more ‘spending money’ available than others).
Mobile Payment Casino
Mobile payments
With the rise of dedicated mobile gamers and mobile casinos, it makes sense that there are casino payment options which only require a mobile phone to access. Mobile payments are becoming a much more common method of account funding for individuals who like to play whenever and wherever they want. Popular suppliers include Tele2 and Zimpler. Using a security code or their finger to validate the transaction, customers can link their phone number to a bank or credit card and make online purchases using this approach. For complete safety, we at Gambling Zone recommend always enabling two-step authentication.
Bank transfers
All of the aforementioned methods—aside from prepaid cards and vouchers—involve bank accounts, thus many gamers like making deposits and withdrawals through bank transfers. This is the original form of online casino payment, and therefore all sites will offer this payment option. A gambler only needs to submit their payment details and confirm the transaction for the procedure to be completed. Please be aware, nevertheless, that every bank may have a different procedure and typically the payment (and withdrawal) times for bank transfers tend to be the slowest. INPAY, AstroPay Direct, SEPA Express, Interac, and other well-known bank transfer services are available.
Cryptocurrencies Casino Payment
Cryptocurrencies
Cryptocurrencies are one of the newest methods for casino deposits and withdrawals and enable players to maintain their anonymity, guarantee quick payment processing times, and are typically cost-free. One of the key benefits of choosing cryptocurrencies is that they enable complete transparency in gameplay. One of the things players need to be aware of with this payment method is that to use their cryptocurrency they will need to use a cryptocurrency wallet to store it. This virtual wallet is highly secure and players will need to remember their passwords because if they forget them the crypto in the account is essentially lost; which is certainly a seldom-disclosed drawback of this method. As this is such a recent development we have included information on two of the most popular forms of cryptocurrency below, but for more information please explore our dedicated article on the topic.
- Bitcoin: A safe and cutting-edge method of payment for goods and services is Bitcoin. Unlike conventional payment methods, nobody manages or keeps track of Bitcoin-related ones. Credit cards and electronic wallets may have fees, but Bitcoin payments are usually free or very inexpensive.
- Ethereum: The second-most used cryptocurrency globally is Ethereum. These days, a lot of online casinos accept this kind of payment. Ethereum is a speedy and efficient payment option that frequently carries no additional fees. It also permits players to remain anonymous.
Reliable Casino Payment Methods
Skrill Casino Payment
Skrill
Skrill is an online payment system that makes it simple and inexpensive to conduct payments and money transfers internationally. One of the money transfer providers with the quickest rate of expansion in Europe is this one. With a London base, the business provides services to more than 30 countries and about 120,000 users. All Skrill users can use the Two Factor Authentication feature, which has been set up by Skrill Payment and adds an extra layer of protection, to help protect their money. Additionally, Strong Customer Authentication has been enabled.
Neteller
There are many different ways to pay with Neteller. If they have a Neteller account, customers can transfer money to merchants and receive money from them. Customers might want to use this payment method since it makes managing money simple. By transferring funds from their online banking accounts, debit cards, and credit cards, users can deposit money into their accounts. Customers can use 40 additional payment methods, according to Neteller. Customers can gain from Neteller's VIP programme as well. If they carry out a lot of transactions, they might be given VIP status. The fees, withdrawal caps, and other characteristics are affected by this status.
Paypal Casino Payment
PayPal
If you have been on the internet for more than a day then you have probably heard of PayPal or used it for day-to-day online spending such as on eBay, but many online gamblers also choose PayPal to make their online casino deposits too. PayPal is an online payment system and mobile app that facilitates the exchange of money between parties. Customers of PayPal open an account and link it to a checking or credit card—or both—and/or a credit card. Users can utilise PayPal as a middleman to transfer or receive payments online or in-person once identification and proof of money have been verified. PayPal is accepted by millions of small and major retailers both online and offline.
Visa/debit cards
In many nations around the world, Visa Debit is a well-known brand of debit card. For access to their bank accounts, several banks and financial institutions give their customers Visa Debit cards. The Visa Debit feature is frequently included on the same plastic card in many nations and also provides access to ATMs and any domestic networks like EFTPOS or Interac.
Knowing the Best Fast Payout Casino for You
Choosing a speedy payment method is all well and good, but you will also need to make sure that you pick a top casino that you can trust to play with. The following criteria can help you to make a smart and informed decision:
Safe Casino Payment
Safe and Secured
While an outdated view of online casinos is that they are a Wild West in terms of safety and regulation, this could not be further from the truth. Yes, there are scam sites out there, but these are very much in the minority. One of the easiest ways in which you can ensure that the casino you want to play at is safe is to check who it is licensed and regulated by. While regulatory bodies such as Curacao are acceptable and are becoming more popular, for complete peace of mind you will want to pick a casino which is licensed and regulated by the United Kingdom Gambling Commission (UKGC) as this is the gold standard for casino regulation.
Wide Selection of Games
Next, make sure to check the selection of games on offer. All legit casinos will boast a broad range of games from a selection of top developers, but you should still check to ensure that your prospective casino offers the games you are most interested in. Otherwise, even though the casino is legit, it may simply not be the right one for you.
Casino Payment Method
Variety of Payment Methods
Even if your typical payment method appears on the prospective casino's list of accepted payment methods, you should check that there is a decent variety of other options too. A range of payment options including mode modern choices such as cryptocurrency or mobile payments can indicate that the chosen casino is forward-thinking and looking to adapt and improve the service they offer players as new tech becomes available. You should also check that there is not only an acceptable amount of deposit methods, but withdrawal methods too. Some of the more shady casinos will give players plenty of options when it comes to depositing money, but will make it a real challenge to get your winnings with limited options or long withdrawal wait times.
At the end of the day, there is no big winner in regards to the best and most speedy casino payment methods. All methods have their positives and negatives because they are designed to suit a specific type of player. Whether you prize anonymity, sticking to a budget, or general convenience, there is a payment method to suit you. Now, just find your perfect live casino and you are all set.
