There are many things to take into account when choosing an online casino to enjoy a wager at. You’ll need to make sure the operator is licensed and regulated, not to mention up-to-date with the latest security protocols. An epic range of games from top providers and enticing welcome bonuses also go a long way in cementing the deal. However, accepted payment methods are often overlooked by first-time players.
This is a big mistake. Choosing the right payment method is crucial if you want easy access to your winnings, fast withdrawal times, and no transaction fees. Below, we explore some of the best online casino payment methods to look out for.
Google Pay
Since launching in 2011, Google Pay has become a widely accepted way to pay for goods and services. It’s also becoming increasingly popular for deposits at online casinos. If you regularly play casino games on an Android device, Google Pay is one of the safest and most secure methods of payment. In recent years, Google Pay has also become available for Apple device users. This payment method has many benefits, including no fees on transactions and real-time deposits. Looking for Google Pay compatible platforms? Here’s a comprehensive list of Google Pay casinos by canadacasinos.live to help you find the perfect place to play.
Prepaid Debit and Credit Cards
The vast majority of online casinos support debit and credit card payments. Prepaid Mastercard and Visa cards are particularly popular with online casino users as they don’t require you to link your bank account to play accounts. If you’re concerned about security and exposing your details to fraudsters, prepaid cards are the way to go. Most established casino operators accept this kind of payment method, although it’s not without its drawbacks.
While it’s easy to update your card balance, most prepayment cards expire after 12 months, forcing you to procure new ones regularly. Furthermore, most prepaid cards come with low credit limits. This is a problem if you want to wager significant amounts of money. Finally, most online casinos won’t allow you to withdraw winnings to a prepaid card, meaning you’ll ultimately have to add at least one bank account or credit/debit card to your casino play account.
E-Wallets
Nowadays, most people use at least one e-wallet regularly. Services like PayPal, Skrill, and Neteller can be used to pay for goods and services online, as well as move money between bank accounts. They’re also becoming increasingly accepted on the high street. For online casino users, there are added benefits to using e-wallets. For starters, they had a buffer between casino platforms and your main bank account. They’re also relatively safe, with strict security protocols in place to protect your funds and personal information. Furthermore, it’s easy to get started with them.
You’ll only need a few pieces of personal information to set up an account with a major e-wallet provider. Once created, your e-wallet can be used as a preferred payment method with just about any major online casino. That being said, this method has a few drawbacks. The main downside of e-wallets is that you may face considerable transaction fees on your withdrawals. This can quickly put a dent into any winnings you’ve accrued.
Cryptocurrencies
Finally, we move on to cryptocurrencies. Bitcoin is often considered the staple of digital currencies, but there are countless other options now in regular circulation. Historically, it’s been hard to use cryptocurrencies for everyday transactions, but the tide is now turning in favor of digital currencies. Many online casinos are now allowing cryptocurrency transactions.
This payment method is ideal if you value a level of anonymity. You can also look forward to high levels of security, although how protected your currency is will ultimately depend on the cryptocurrency you’re using. An added bonus of using cryptocurrency is that its value tends to appreciate far more quickly than conventional currency. However, you’ll need to keep a keen eye on crypto exchange rates to ensure you’re cashing out at just the right time.
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