Casino Payment Methods: How can I Deposit Funds into an Online Casino?
One of the most overlooked factors when deciding whether or not to join a new casino is that of the deposit and withdrawal process. As such, we at NewCasinosFinder.co.uk took the time to find out what payment methods you’ll be able to use when funding your online casino account.
We’ll discuss how each of the respective deposit method works, including any advantages and disadvantages that we think you should be made aware of. Upon reading our guide from start to finish, you’ll be able to determine which of the listed deposit methods is best for your individual needs.
In the vast majority of cases, players prefer to deposit funds using a traditional debit card. One of the key reasons for this is that most players have access to a Visa or Mastercard-backed payment card, making it super easy to deposit funds. Moreover, when it comes to withdrawing funds back out, the cash is simply returned to the same debit card that was used to make the deposit.
Debit card deposits are usually instant, and in most cases, free. Although certain online casinos charge players to deposit with a debit card, these are few and far between.
We at NewCasinosFinder.co.uk also find that withdrawals sent back to a debit card usually take in the region of 3-5 days.
The reason that we have divided debit and credit card deposits is that although very similar in nature, you might encounter some additional costs when using the latter. In fact, we at NewCasinosFinder.co.uk find that this can sometimes come on two seperate fronts.
Firstly, some online casinos charge an additional transaction fee for using a credit card. Secondly, as credit card companies usually classify gambling transactions as a cash advance, you’ll likely be charged a fee by the card issuer.
We believe that e-wallet deposits are potentially the best option for you as the player. The reason for this is not only because they are usually free and instant, but they facilitate the fastest withdrawals. In fact, some online casinos process e-wallet withdrawals within 24 hours, meaning you’ll see the funds back in your account on the very same day.
Popular e-wallets include:
- Google Pay
- Apple Pay
If you’re more of a traditionalist, then you might consider depositing funds by using a conventional bank transfer. We at NewCasinosFinder.co.uk find that although bank transfers afford the highest limits and the greatest levels of security, unfortunately they are ultra-slow. In fact, it’s likely that you’ll need to wait 3-5 days before your deposit is credited.
If you don’t want to insert your debit/credit card details into an online casino, then you might best suited for the Paysafecard. In a nutshell, you top-up a Paysafecard in a partnered high street store, and then deposit the funds into the online casino by entering your account details.
Much like in the case of the Paysafecard, UKash allows you to deposit funds without exposing your financial information. You obtain a UKash voucher in a partnered store and then enter the unique code into the online casino.
Entropay allow users to create an unlimited number of virtual credit cards (VCCs). One you’ve topped-up your VCC, you enter the card details into your online casino account. Entropay deposits are instant and free at online casinos, however the provider charges 4.95% to load funds into your account.
ecoPayz allow users to fund their account with real-world payment methods such as a debit/credit card. You then connect your ecoPayz account with your chosen online casino. Deposits and usually instant are free.
If you’re based in Canada, then INSTADEBIT is potentially the best deposit method for you. You essentially make instant payments via your online bank account.
Pay By Mobile - Boku and Payforit
Boku and Payforit are both third party payment processors that allow you to pay for goods and services online using your mobile phone credit. To use this method at an online casino, you simply state how much you want to deposit, you receive a unique code via text, and then confirm the number in your online casino deposit page.
Deposits and instant, but you will be unable to withdraw your funds back to your mobile phone.
Sofort is a popular payment method used by those based in Germany, Austria and Spain. In a nutshell, you can deposit funds into your online casino by setting up Sofort via your online bank account.
Much like in the case of Sofort, Giropay allows users to connect their bank account to an online casino. Deposits are instant.
The digital currency Bitcoin is now accepted by a select number of online casinos. We at NewCasinosFinder.co.uk found that Bitcoin deposits and withdrawals are virtually instant. However, just remember that due to the volatility associated with Bitcoin, the value of your deposit might fluctuate in the open marketplace.
Certain UK online casinos that have a high street presence allow you to deposit funds in store. We found that once you hand the cash over, your account is usually funded instantly. You can also withdraw the funds via a betting shop, but just make sure you bring some ID with you.
EuTeller is a popular payment method used by those in Finland. The system links directly to your online bank account, making it a super easy and instant way to load your online casino account.
Nordea Netbank allows residents from Sweden and Finland to fund their casino account via their online banking portal. Deposits are instant and free.
QIWI is a prepaid virtual card backed by Visa. You’ll need to obtain a card at a QIWI terminal, or via a Beeline mobile phone contract. Deposits are credited to your online casino account instantly.
If you’re based in Spain, then TELEINGRESO allow you to fund your online casino account via an ATM machine. As soon as your payment is initiated, your online casino account will credit the funds instantly.
Formally known as NetPay, EPS allows users in Austria to deposit funds via their online bank account. Supported banks include Erste Bank, Sparkassen, Bank Austria CreditanStalt, Raiffeisen Bankengruppe, BAWAG P.S.K Gruppe, Volksbanken, Hypo Bankengruppe and Bankhaus Carl Spangler.
WebMoney is an online payment provider that allows you to fund your casino account via a bank transfer or cash deposit. Once your WebMoney account is funded, you can then instantly transfer cash into your online casino account.
POLI is a well-know payment provider for those based in Australia and New Zealand. You simply log in to your online banking portal and instantly transfer the funds into your account.