The payment method is important for players in an online casino. After all, as a player, you want to be able to deposit your money in a safe and easy way, but also cash out. Worldwide there are several payment methods and all of them are meant to allow the customer to make a deposit into, for instance, an online casino. The best way is to check for reviews on a casino comparison site like australian-online-casino.info to know more about each casino's conditions and payment methods.
Each method has its own advantages, but also disadvantages. Some methods are known to be very secure, while others suffer from hacks. It is therefore good to know what risks you may have to deal with. Furthermore, speed and to a lesser extent -anonymity- is a leading factor for whether or not to choose a particular payment method.
Securely credit money to your account
Before making a deposit at an online casino it is advisable to check whether the online casino in question can be considered reliable. To do so you can check out online casino review sites to see if you're dealing with a reliable club. Furthermore, you should always make your deposits through a secure connection. You can recognize a secure connection by the padlock in the address bar or by the URL in the address. This is safe if preceded by 'https://'.
When all the lights are green and you've decided on your budget, you can get started on the deposit. For this, it's good to know what methods are available. Before you make your first deposit, you can see if you want to accept any bonus.
Bonuses when depositing money
Online casinos usually try to lure new customers with a welcome bonus. This is usually obtained by depositing a minimum amount. You can refuse a bonus in most cases. Whether or not you should pass up the bonus depends on the conditions set. A bonus has to be played through and it's good to know that not every payment method competes for a bonus. There are online casinos where for example Skrill is excluded as a deposit method in combination with a bonus. You can read these conditions in the terms and conditions of an online casino. We always recommend doing this anyway, so you don't get the worst of it.
What payment options do you have in an online casino?
Everyone knows Maestro, but what is it really? Quite simply, the maestro is an international debit card service and is linked to your bank account. This allows you to withdraw money whenever and wherever you want. In an online casino, this allows you to transfer money via a manual transfer. Very old skool indeed, but it still works and is offered in many online casinos. The downside of this service is that you usually have to wait a few days for the money to arrive in your account. So you'll have to plan ahead to make sure you can gamble online at the desired time.
Visa & Mastercard
A Visa card is considered a credit card. For this, you as a player do not need money, but you borrow money as it were. You have to fill in some information, such as your card number and CVC code, and then the payment is made through a secure banking environment. The money will be in your account immediately after processing.
The disadvantage is that some casinos charge a fee for paying with a credit card. In addition, it is good to know that you are playing with borrowed money. The money is not directly debited from your bank account and a logical consequence is that interest is charged on outstanding payments.
Conversely, you can make payouts to your credit card. Your maximum credit will thus become higher and can come in handy at a later stage.
Skrill is similar to PayPal, however, PayPal does not allow you to deposit and receive money at online casinos, which is possible with Skrill. Skrill is simply an online wallet that you need to provide with money after creating an account with Skrill.
Creating an account is free, however, it may take some time before you can make your first deposit using Skrill. However, you can play immediately after making a deposit using Skrill.
Almost every online casino supports payments through Skrill and vice versa, withdrawals can be made to your Skrill account. In addition, you can apply for a debit card that you can use to withdraw money anywhere in the world. And as a debit card should, you need to have a sufficient balance, unlike a credit card.
Neteller, like Skrill, is an online wallet that allows you to transfer money to an online casino. In addition, an account with Neteller offers the possibility to transfer money between Neteller accounts. Neteller is a service that has been offering its services at online casinos all over the world since 2000.
Creating an account is easy, however, you need to meet the strict requirements of Neteller which can be a barrier for some. It is also more expensive to use than Skrill.
And like Skrill, it also allows you to apply for a debit card, which you can use to withdraw money anywhere in the world.
A Paysafecard can best be described as a prepaid card that can be used to pay. You buy this card at stores like Jumbo, Kruidvat or Primera. You choose the value of the card there and checkout. The card is accompanied by a 16-digit PIN code.
The card can be redeemed at an online casino, with the advantage that you do not have to use the entire credit right away. If you do not use the credit within a year, a fee will be deducted after the 13th month.
If you choose to deposit using a Paysafecard you can play directly at the respective online casino. Cashing out to the Paysafecard is also possible, however, this will incur hefty fees.
MuchBetter is a payment service where ease of use is paramount. They have developed an app for that, with which you as a consumer can pay in online - and offline stores. You can also receive money and send money to other MuchBetter users. To be able to use MuchBetter you have to provide credit in the account, which allows you to make deposits in for example online casinos. Depositing is done by entering your mobile number, and then agreeing to the payment, through the app.
You can also make offline payments with MuchBetter's special credit card, and there is also a keychain that allows you to make contactless payments.
Entropay is a virtual debit card that you can use for online payments, for example in an online casino. The virtual debit card first needs to be credited, which can be done with regular payment methods. To use the credit in an online casino choose Entropay and fill in some information such as the card number, the CVV2 code, and the expiration date of the card. Once agreed, you can get started right away at the online casino.
Want to pay off your balances to your virtual debit card? You can do that too! To do this, on the online casino's payout page, press Entropay and fill in your details, as well as the desired amount, after which the winnings will be transferred.
Bitcoins are an integral part of today's society. The hype has blown over, but this doesn't take away from the fact that this means of payment is extremely suitable for use in the online casino. The big advantage is that payments through this digital money are anonymous and fast. To use this digital money in online casinos you need to purchase it from a crypto marketplace like Bitvavo. Then you send your Bitcoins to your personal wallet address at the online casino. There are now a number of so-called Bitcoin online casinos and it is expected that this number will increase in the coming years.
Payouts can also be made in the form of Bitcoins, for this, you need a Bitcoin wallet, where you can send the payout of this digital gold.
And in addition to the digital currency Bitcoin, there are other digital currencies that you can play within the online casino.
PayPal is also an intermediary that arranges online payments between consumers, sellers, and online stores. Payments can be made very simply via an e-mail address. The service is free and anonymous. Only sellers pay a commission.
Western Union allows you to send money in several ways. For example, you can visit one of their physical offices and send the money in cash to a checking account there. Another option is to send money via the online service. The latter is how you can send your money to an online casino through Western Union in an easy way.
Paying out money won
Would you like to cash out your winnings? Then it's good to know that at some online casinos you can only cash out according to the way you deposited. In addition, it's important that everything is correct with regard to the account or e-wallet where the money is to be transferred. Does the data match the information known about you at the online casino? And before you make a withdrawal, it's good to see if there's a bonus you need to play through first. In most cases you need to play through the bonus money several times, otherwise, you won't be able to cash out. However, there is often the option to remove a bonus, which allows you to cash out anyway.