Alarm signal! That is what happens once you realize that choosing the right online casino is just the beginning of your gaming journey. The second step you need to make is to go through online casino payment methods and select the one that suits your needs best. Each casino offers different casino deposit and withdrawal methods depending on the target group and country where they operate.
However, the AskGamblers team has done a meticulous research on the hot topic of finding the best casino payment methods so that you can improve your gaming experience. The result is our fantastic infographic presenting top 10 online casino payment methods! Enjoy!
E-Wallets Like Skrill, Neteller and PayPal
Our intention is not to tell you which casino payment method is the best one for you, neither to rank them in any specific order. Instead, we will go the extra mile to share important details, fun facts and interesting trivia regarding each of the listed 10 online casino payment options.
That said, let’s start with e-wallets which are predicted to grow the most as a payment method in the next five years. The first among equals is Skrill, widely-known for providing instant, secure and convenient transactions in 40 currencies.
Skrill, Neteller and PayPal stand out as dominant e-wallet payment methods in most online casinos.
The second online casino e-wallet champion is Neteller, famous for allowing fast and simple payments in over 200 countries. The third member on our mini list of trustworthy e-wallets is PayPal, a true e-wallet giant worth close to $100 billion.
Even though all three listed e-wallets are popular payment methods in online casinos, they do have a few downsides such as conversion fees and low monthly limits for certain withdrawal options, while PayPal charges their members when receiving money!
From Paysafecard and Visa to Maestro and Mastercard
Did you know that only 8% of all the money around the world is physical cash? With that thought in mind, we are moving our focus onto the powerful realm of payment cards. The first stop is Paysafecard, a simple and safe prepaid payment method based on vouchers with a 16-digit PIN code.
As for credit cards, it is interesting to mention the Nilson report, according to which the most dominant credit card network around the globe is Visa, with worldwide purchase transactions worth $147.9 billion in 2017 alone.
From 2015 to 2017, payments with cards like Paysafecard, Visa, Maestro and Mastercard registered the highest growth rate of 10.2% among the core payment types.
As you may guess, players are first and foremost interested in safe online payment methods. And since online gambling with credit cards is highly secure, it’s no wonder why Visa is not the only big name in the game. You will find that most online casinos also accept Maestro as a widely supported casino deposit and withdrawal method.
Finally, a stunning number of 14.4 billion credit cards in worldwide circulation as of 2017 would probably be smaller if it weren’t for Mastercard, distributed in 210 countries, 150 currencies and 53 languages. Keep in mind that high interest rates and fees per transactions are frequently mentioned as major disadvantages of using cards as a casino payment method.
About Trustly, Bank Wire Transfer and Bitcoin
With 2 million transactions processed per month and over 10€ billion in total processed volume, Trustly has emerged as a new, easy to use and super-fast payment method. Supervised by the Swedish Financial Supervisory Authority, Trustly provides cross-border payment services within the EU and EEA.
Electronic funds transfer from a player’s bank account to an online casino and vice versa is an often-used casino deposit and withdrawal method known as Bank Wire Transfer. Initially launched by former telegraph giant Western Union in 1872, Bank Wire Transfer is a reliable and secure payment method where each account holder must have a proven identity.
Trustly, Bank Wire Transfer and Bitcoin make players’ online transactions fast, simple and secure.
Very few ideas and innovations have shaken the modern world of finance the way Bitcoin has done. The most valuable cryptocurrency is a decentralized, peer-to-peer electronic cash system which allows users to make instant, secure transactions with low fees.
Limited availability, no chargebacks and high volatility can be described as drawbacks of using Trustly, Bank Wire Transfer and Bitcoin respectively as online casino payment methods. Given all listed deposit and withdrawal methods, it becomes clear that you need to think twice before you start playing your favourite online slots.
Ready to See Our Infographic?
Now take a deep breath and come closer to check out our infographic about top 10 online casino payment methods! We hope you’ll find it useful and informative!
What is your experience with these 10 online casino payment methods? Do you believe there are other popular casino deposit and withdrawal methods worth mentioning? Share your thoughts at our forum – we can’t wait to hear back from you!