It is very important that you know about all the possible deposit methods because:
- you can choose the type of deposit that suits you best
- some online casinos only support some deposit methods
- some deposit methods are only available for certain countries or cities
- some online casinos offer a bonus deposit for certain types of deposit
Credit and debit cards
This is the historically most used method of depositing money into online casinos. It has a great advantage because the casino uses your card to verify your identity. Using a credit card to pay on the Internet is secure, assuming the privacy of your personal information works. Privacy is a convention between you and the casino that your data will not be provided to a third party or misused.
When registering, read carefully all the information on how to protect your personal data. Nowadays, thousands of people around the world use this deposit method. This is an easy and fast way to transfer money to your online casino. If you also find the right casino, it is completely free of charge.
Electronic wallets (e-wallets)
Using an e-wallet you can control your finances online, which can be handy especially if you prefer fast transaction. First, you need to set up an account for some internet electronic wallets, it’s quite easy and you don’t need any special computer skill to do so. Then you could send money with your credit card or direct transfer from your bank account.
Once you have opened your online account, you can freely manipulate it, among other things, to deposit money for your online casino account. This method is absolutely safe, easy and extraordinary fast in comparison to wire transfer. The same rules apply as for a deposit using a card. Some casinos have this method charged, but there are many online casinos where you can deposit money for free.
Here are some of the best-known and most widely used electronic wallets.
Skrill previously appeared on the market under the name of Moneybookers. In 2010, the company changed its name and also upgraded its website. It is still the most popular, the most used and one of the safest electronic wallets.
The greatest advantage is that you can send money to the casino in just a few seconds when transferring funds from Skrill to your account. Withdrawal usually takes a little more time, bus most casino declares that they will process you withdraw in 2 days. Keep in mind, that some transfers in or out of your Skrill account could be charged by a fee.
Another renowned electronic wallet is Neteller. However, compared to Neteller, you will have to go through far more complex registrations, and you will also pay higher fees for transfers. These disadvantages are, however, compensated by an absolutely perfect security. In this Neteller has no competition. But you do not have to worry. The security of other wallets is also sufficient. Like Skrill, Neteller supports the vast majority of online casinos.
Before you send money to your casino account via e-wallets, make sure to read the casino’s terms and conditions first. Especially if you are looking for casino bonuses. Sometimes are payments from Skrill and Neteller excluded from these benefits.
Another way you can send your money to the online casino is via prepaid cards. It’s a great way for players who do not want to use their credit card or have no bank account for a deposit. However, you must remember that a prepaid card can only be used for the deposit. And on what principle does this method work? Just buy a prepaid card for a certain amount. You will receive a security PIN on the card, which you then enter when you pay. The advantage is also the fact that you do not have to use the whole amount in one payment. You can make multiple payments with one card.
This is the most used pre-paid card in Europe and almost every casino offers to deposit money via PaySafeCard. The principle is again very simple. At one of more than 450,000 points of sale, you will buy a prepaid card for a certain amount then enter a 16-digit PIN code and the transaction is ready. If you need to pay a higher amount, you can combine up to 10 PIN cards together.
Many online casinos now offer a Bitcoin deposit. The whole process is very similar to a Skrill or Neteller deposit. At first, you have to register at one of the Bitcoin wallets where you send yourself Bitcoins. Then you use this wallet to deposit Bitcoin in the online casino of your choice. Not every online casino has this option but this is very popular for example amongst US casinos. Bitcoin transfer is super fast and takes only minutes. On the other hand, it could be more expensive since players pay a small fee for every transaction.
This is the oldest method of all, which was also the only one at the beginning of online gambling. It is suitable for players who are afraid of their personal data because when using this method, you do not have to give any of these data to the casino. The disadvantage of a bank transfer is a longer period and quite high fees (for each bank the data is slightly different).
A very few online casinos offer their customers a very special method when a player actually can deposit money via mobile phone. At this point, we need to say, that this is a very rare option and even it is extraordinarily easy and convenient, it has some massive disadvantages in form of high charges.