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How Do You Pay for Online Casinos in 2022?

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Being able to fund your online casino account quickly and secure is one of the most vital features for most online casino players. There are numerous ways of depositing funds into your casino account. While some payments methods are only supported for deposits, others will also allow you to make quick and safe withdrawals. 

With so many options at your disposal, it can get a bit confusing when choosing the best online casino payment method. This article highlights some of the best and most secure online payment options for casino deposits. 

Online Casino Payment Method Categories

Most reputable online casinos offer a multitude of payment options to accommodate all their customers with their different preferences. â€‹This way, every punter has access to suitable or preferred online payment options when transacting with the casino site. 

However, all major online payment options fall under the four categories discussed below:

Debit/Credit Cards

Debit and credit cards are the most popular and commonly used payment option for online casino punters. When you intend to frequent several online casinos, it is advisable to have a separate debit/credit card for your gambling activities. 

The most widely accepted debit and credit cards include Visa, American Express, Mastercard, and prepaid cards such as Paysafecard and Entropay. If this is your preferred online payment option, look for reputable casinos that accept prepaid visa cards to get started with your online casino gambling experience.

• Visa

Visa was the pioneer credit card for online purchases, and it has stood the test of time and managed to maintain its status quo as the largest payment network across the world. One of the most profound benefits of using Visa is that it’s acceptable at virtually every online casino. 
• Mastercard

Coming as number two, Mastercard is Visa’s largest competitor in the credit/debit card category. Similarly, it is widely accepted, and you can use your Mastercard at any online casino. 
• American Express

This credit/debit card has maintained its first-class status and remains a valid and safe online payment option. However, only a handful of online casinos support American Express. This is largely due to the strict legal framework governing online gambling in the US. 

E-Wallets

E-wallets are becoming more popular among online casino gamers as the digital world advances. This is significantly due to the ease of tracking transactions and the almost instant transaction timeframes. 

Compared to other online payment methods, E-wallets are proving to be more effective. Unlike traditional banking methods, you will not have to wait for five to seven business days for your transactions to go through. 

The most common E-wallets that you can use to fund your online casino account include PayPal, InstaDebit, Neteller, EcoPayz, Skrill, Apple Pay and Google Pay.

• PayPal

This is the most widely known e-wallet all world over. After growing a global customer base, PayPal was purchased in 2002 by eBay, the world’s largest online store. Today, it’s dubbed the people’s online payment choice. 

A majority of reputable online casinos accept PayPal deposits. 
• Neteller

Neteller is yet another giant in the online payment industry. This payment option has a long history linked with the gambling industry. Online casinos, poker rooms, and sportsbooks all support Neteller as a deposit and withdrawal option. 

In 2005 alone, the company facilitated 80% of all online gambling transactions. This led to Neteller being forced to pay circa $300 million in legal fees due to trouble with the US Department of Justice.


• 
Skrill

Skrill is Neteller’s largest competitor in the online payment service category. Being regulated under the Financial Services Authority in the United Kingdom, Skrill is one of the safest online casino payment options. 

If you are looking for a reliable online payment method to fund your casino account, the Skrill e-Wallet is by far the most prevalent and convenient option out there. â€˘ EcoPayz

Having been in operation for over two decades, EcoPayz offers a variety offinancial services. The EcoPayz e-Wallet offers the typical functions associated with all other e-wallets, plus the bonus of being able to cash out funds directly to your prepaid debit card (ecoCard.) 

Both EcoPayz and ecoCard are acceptable at the most reputable online casinos on the market today. What’s more, the company offers its services in seven different languages, and you can make your transfers using any of the supported 45 currencies. 

Cryptocurrencies

The number of online casinos that support cryptocurrencies as a mode of transactions is ever-increasing. It won’t be long before all casinos recognize crypto as a legitimate mode of payment. 

However, when considering using cryptos to fund your account, you should understand that their value is highly volatile. This means that the market highs and lows can either work for or against you. In other words, funding your casino account with crypto can potentially add another layer of risk in terms of value volatility. 

The most popular cryptocurrencies for online casino gambling include Bitcoin, Dogecoin, Litecoin, Ethereum, and Dash. 

Traditional & Alternative Banking Methods

Though modern technologies have greatly revolutionized banking and payment methods, some folks are still stuck with traditional options. For this reason, a majority of online casinos still support conventional payment options to accommodate such customers. 

Traditional payment options that are still acceptable at online casinos include eChecks, Bank Transfers, Mobile Phone Bills, and Offline Cash Payments. 

There are numerous other alternatives that you can turn to for online casino payments. â€‹These secondary options include FirePay, PrePaid ATM, Citadel, 900 Pay, CentralCoin, ClickAndBuy, and AddFunds. 

The truth is that some credit cards and online payment gateways do not allow gambling transactions through their instruments. When that is the case, these alternative options come in handy. 

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Conclusion

The banking industry is currently undergoing an inevitable revolution that was set in motion by blockchain technology. As this happens, the financial sector remains in chaos. When looking to make speedy and secure transactions to and from your online casino accounts, e-wallets and cryptos are the best options. 

With the volatility presented by the crypto space, e-wallets remain the top-recommended payment option when it comes to online gambling

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