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Funding Your Bankroll: A Look at Online Casino Deposits and Payments
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Learn about the most common and popular methods of online casino deposits and payments. Plus, get helpful tips for keeping your bankroll safe online.
The online gambling market is a rapidly growing sector, predicted to grow by at least 8.77% year on year by 2025. This translates into billions of dollars changing hands online every year.
Win or lose, quick and easy management of your online casino deposits is one of the major drawcards of online gambling. So, it's comforting to know that you've got several options when you want to gamble online. How do you choose which one's best for you?
These are the different payment methods available as well as a snapshot of their pros and cons.
Credit Cards Online Casinos
Credit Cards are an easy payment option for most online purchases and they're ideal for online casino deposits too. You can rely on the trusted security measures that Mastercard, American Express, and Visa have in place and all casinos accept them.
Making a deposit is simple and you only have to pay it back later.
You also have the option to pay it off over time if preferred. Most credit cards also offer a grace period where you won't pay interest or extra fees on the amounts you spend.
That means you can still enjoy the fun and excitement of online gambling without worrying about funds straight away. These are the steps involved in depositing funds into your casino account with a credit card:
- Have your credit card at the ready to make your deposit
- Register with the online casino by following the on-screen prompts.
- Link your credit card to your account. Be sure to use the same details that appear on your credit card when you do this.
- Select the deposit option on the casino site. This will open the cashier so you can make a deposit.
- Select the type of card you want to use from the drop-down menu i.e MasterCard/Visa.
- Enter your credit card details and the amount you want to deposit, there's usually a minimum amount of $10 required.
- If there are any extra fees to pay, the casino will add them at this point.
- Double-check your entries and approve the payment.
- Voila! Your funds are available immediately.
Once you've done your deposit you can use your online funds to pay for your bets. It's simple to withdraw your funds straight back into the card that's linked to your account.
The most popular Credit Cards for online casinos deposit and withdrawals are:
- Online casinos that accept Visa
- Online casinos that accept MasterCard
- Online casinos that accept American Express
Credit cards are awesome for online gambling, but what if you don't have one?
Debit Cards Online Casinos
Debit cards are the ultimate convenience for shoppers everywhere. Debit cards offer all the convenience of credit cards without the interest charges. A debit card links to a bank account and allows the owner to pay for things with available cash instantly and easily.
Most of the best online casinos allow their players to use debit cards for casino deposits and withdrawals. These sites all have stringent security measures in place to prevent unauthorized people from gaining access to your banking details or pin. It's super-easy to withdraw your winnings at any ATM too.
Here's how to deposit at an online casino using your debit card:
- Register with your casino, making sure you use the same details displayed on your card.
- Sign in and go to the cashier section and click the deposit button.
- Select which type of debit card you'd like to use. Most casinos accept Visa and Mastercard debit cards.
- Enter the amount you wish to deposit and confirm. You'll get a text message with a one-time pin. Enter the one time pin on the casino site and press continue.
You can deposit as little as $10 this way. Debit and credit cards are among the most popular ways to transact with online casinos but there is a wealth of other options too, like eWallets.
eWallet Options for Online Casinos
If you don't like putting your banking or credit card details online, an eWallet card could be the perfect option for you. This a secure location where you can keep your cash for online spending.
It's a pre-paid account that you can use for online transactions. The benefit of an eWallet is that you can restrict how much money you place in it, either for budget or security reasons.
Although an eWallet must have a bank account linked to it, you don't earn any interest on any funds you deposit. It's purely for transacting online and you can use it via a computer or mobile phone.
There are several types of eWallets you can use for playing casino games online. The best-known ones are:
PayPal Online Casinos
PayPal is synonymous with online shopping and is an extremely secure way to transact online. Account deposit methods may vary from site to site, but you'll soon become familiar with the procedure.
This is how it works:
- Deposit funds into your PayPal account and register with the online casino as your choosing.
- Choose PayPal as your preferred payment method in the Cashier section.
- Enter how much you'd like to deposit, checking for any minimum requirements, and follow the prompts.
- Wait a few seconds for the money to appear in your gambling account.
Some countries have restrictions on whether you can use PayPal for transacting with online casinos, so check the international restrictions on your PayPal account to avoid disappointment. PayPal only allows gambling in jurisdictions where it's licensed and doesn't do business with any unlicensed gambling sites.
PayPal's accepted for online gambling in the following countries:
- The UK
This payment method will likely gain acceptance on more sites as more countries recognize online gambling. Paypal is pretty good at notifying its clients of any changes, so if you're already registered you'll get an email informing you of developments in your country or state.
Otherwise, you can check the FAQ section on their site before signing up.
Fortunately, there are plenty of alternatives to PayPal if you can't use it on your preferred online gaming site. Keep reading to find out.
NETeller Online Casinos
This is one of the most popular eWallets for transacting with casinos and is widely accepted in the realm of online gaming. It's an extremely fast and secure way to make deposits and collect your winnings.
One of the biggest benefits of NETELLER is that you can use it from almost anywhere in the world since it accepts most major currencies. A drawback is that some casinos that cater exclusively for US players won't accept Neteller online casino deposits.
In some countries, the charges for using NETeller are a little prohibitive. So, make sure you're clear on where you can use it and what's involved before you sign up for NETeller.
It's easy to use NETeller at compatible casinos, as follows:
- Deposit funds into your NETeller account connect it to a debit or credit card.
- Select NETeller as your payment option in the cashier section of the online casino.
- Enter your details and the amount you wish to deposit and initiate the transaction.
- Return to the cashier area to ensure it's gone through and then wait for the funds to show as available.
In most cases, you can start playing almost immediately when you use NETeller.
eWallet vs a Debit or Credit Card for Online Gambling
When it comes to security, eWallet transactions are far more secure than using your debit or credit card online. It's much easier to avoid overspending since you don't have unlimited access to your bank funds when you use one of the eWallet options.
Sending and receiving funds is also a lot faster when you use an eWallet. In recent times, over 10 million Americans have swapped credit and debit cards for eWallets.
Paysafecard Online Casinos
The process is super simple and you can link your Paysafe card to a handy app to help keep track of your winnings, balances, and codes.
The Paysafecard is totally independent of any bank account or credit card. It works on prepaid codes that you enter into the casino of your choice. You'll find these codes for sale at many outlets nationwide.
When you want to transfer funds from you Paysafecard to an online casino, this is how it works:
- Buy a Paysafecard code and register with your online casino of choice.
- You'll find the option to deposit via Paysafecard in the cashier section of the website.
- Enter the code and amount you want to deposit.
You can enter the full value of the card, combine cards to get a higher total or deposit as little as $10.
You don't have to use the full value of the card at once and any leftover funds are available for future use. Paysafecards have limitations on how much money you can deposit and you must use the full balance within a certain timeframe.
There are no fees associated with Paysafecards unless you let funds linger in them for longer than thirty days and you can't buy them online. Some casinos don't allow withdrawals into Paysafecards.
Pay by Phone
Some casinos offer a Pay by Phone option, where you simply enter your cell phone number and away you go. You'll find this quick and easy option in the cashier section of the casino site.
Once you've selected the Pay by Phone option you simply key in your details and enter the amount you want to deposit. You'll receive a text message asking you to confirm the payment before the amount is automatically added to your phone bill.
The funds are available as soon as you reply to the text.
It's very difficult to monitor your spending using this method and you can't withdraw cash if you strike it lucky, so it's not a good option for everyone. Many casinos allow you to access your winnings by means of an alternative banking option.
There are a few ways you can transfer funds directly to your casino account by means of bank transfer, using an intermediary. These are:
- Wire Transfer
Unfortunately, eCheck and InstaDebit are only available in Canada, while the iDeal option is for people in the Netherlands.
If you opt to use Wire Transfer, you can deposit funds as follows:
- Register with your casino and go to the Cashier section
- Select the Wire Transfer option and enter your details
- Once you've selected your deposit amount, your bank will send you a code that you need to use to complete the transaction
It usually takes a few days for the funds to appear in your account.
Bitcoin Online Casinos
Bitcoin is totally anonymous and has no connection with any of your banking accounts. It's not readily available as a payment option but those casinos that do allow Bitcoin often offer substantial bonuses if you do opt to use this method.
Some Pointers For Selecting a Payment Method
These are some of the things to consider when deciding which payment method for casino deposits works for you:
Safety and Security
It all boils down to how comfortable you are with placing your banking details online. Although online cash transactions are usually a safe option nowadays, you never know when hackers are going to make the next breakthrough.
If you'd rather not take chances, opt for an eWallet, Paysafe card, Pay by Phone, or bank transfer.
Modern-day payment options are fast and efficient although you'll experience some delays receiving your winnings if you choose to transfer your winnings via bank transfer or PayPal, depending on where you live.
Some of the casino deposit options mentioned above may not be available in your area, or at your preferred casino. Always check with the casino in question before you deposit money into one of the payment options that you can't use.
What If You Encounter a Problem With Online Casino Deposits?
Reputable online casinos all offer a casino customer support section where you can look up FAQs and ask for help. Before you reach out to them with regard to a query, check if you've followed the correct procedure for making deposits.
Make sure the funds have actually left your bank before you reach out too, there are sometimes delays between the time you transfer funds and when they appear in your casino account.
More of What You Need to Know About Gambling Online
Now that you've got the lowdown on the main ways to do online casino deposits, it's time to get started playing and winning online. Our website has all the best information on the best casinos, as well as tips and tricks to ensure you make the most of your time gambling online.
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