There are several factors you may consider when picking an online casino to play at whether it be the size of the sign-up bonus, reputation, available games or the payment methods that are accepted such as PayPal, Neteller or Cryptocurrencies. Thankfully, when it comes to banking at online casinos in 2021, players now have a great deal of choice at most casinos with several methods available.
Here are some of the payment methods that are commonly accepted at online casinos in 2021.
Credit / Debit Cards
Card payments are the most common banking method used at online casinos and available at the vast majority of them such as lucky days casino. If you reside in the UK, you will not be able to deposit using a credit card as it is prohibited but deposits & withdrawals to debit cards are accepted.
They’re the most commonly used method for funding casino accounts due to several reasons:
- Most people have a credit or debit card
- Deposits are generally free and instant
- You can often qualify for casino bonuses
- Withdrawals go directly into your bank account
The use of e-wallets to deposit and withdraw from online casino accounts is also very popular. E-Wallets are electronic accounts such as PayPal, Neteller, Skrill and ecoPayz which are all available in several countries around the world and accepted at many online casinos.
The advantages of using e-wallets for online gambling include:
- You can join an online casino without entering card or bank account details
- They are generally free to use
- You can add money to your e-wallet when you like from your bank account
- They are a fast and secure way of making payments
Be aware that when using e-wallets at online casinos that you may not qualify for some casino bonuses or promotions.
Prepaid cards are widely accepted at many online casinos with the most popular being Paysafecard and others from Visa and Mastercard. You can top up your card when you want and deposit into your online casino accounts.
Prepaid cards are a popular choice due to:
- They’re good for keeping track of your bankroll
- Payments are free and instant
- No need to enter any card or bank account information
Bank transfers are not the most common method of payment at online casinos but they are widely accepted. Players can transfer money directly from their bank account to their online casino account without the need for a debit or credit card. They are often used by high-rollers who want to send large sums to their accounts which may not be possible via cards. The disadvantage of bank transfers is that they can often be slower than other methods which sometimes puts players off.
Cryptocurrencies are one of the newer methods of payment accepted at some online casinos with more and more casinos making them available to customers. Some of the most popular crypto used at online casinos include Bitcoin, Etherium, Litecoin, XRP and others.
Players who tend to use crypto as a banking method usually have large sums of it and are high-rollers. The processing time is quick and withdrawals can be made to any crypto wallet elsewhere.