Casino Banking Methods

Banking at online casinos is one of the key factors in a successful online gambling business. Players looking to enjoy real money casino gameplay are best off with secure, reliable and varied banking options in order to fit their needs and preferences.

If you’re interested in finding the best banking method for your gameplay needs, it is best to make a thorough approach. Look through the payment processing service formats, check out the key features and decide on your preferences of both banking and game choices. You can visit our casino banking comparison guide to compare and examine the strengths and weaknesses for each banking method available at online casinos for your country.

Top Banking Methods For Your Country

1

Litecoin

5 / 5

review

2

Bitcoin

4.4 / 5

review

3

Dogecoin

4.1 / 5

review

4

Visa Debit

4.1 / 5

review

5

Visa Credit

4.1 / 5

review

Types of Casino Banking Methods

In the first few years of the industry’s establishment, online casino operators were mainly equipped with the standard, existing banking options. Regular banking and financial institutions, check sending and receiving services, as well as cash transfer were commonly offered as a way to fund your casino gaming, and cash out any winnings.

Be sure to check out our Banking Comparisons page to find the best method that works for you. 

Credit/Debit Cards

Credit and debit cards, as well as prepaid cards, were the top choices when it came to online casino banking. Major processors such as Visa, MasterCard and American Expresses established their dominance on the online market just as well as their land-based global network. Issuing banks, alternatively, used the novel capabilities of the Internet to develop online banking; since then, players have been able to transfer money to and from their prepaid, debit or credit cards, as well as directly through their online banking option.

Checks

This method has seen some use in cases when the eligibility of other banking options is limited, particularly for the USA market. They normally take longer to process and even longer to be delivered, which had players turn to other options.

Quick deposits and instant cashouts

• Pay N Play: a product by Trustly (Germany, Finland, Sweden, The Netherlands)
• Rapid Transfer: quick payments through Skrill (Austria, Finland, Germany, Norway, UK, Sweden and many more)
• Trumo: Fast and secure transactions for players from Finland, Estonia, Latvia and Lithuania

Prepaid Cards & Vouchers

These can usually be purchased at a corner/convenience store or online and there are three types: virtual cards, reloadable and disposable. Below are a few prepaid options to use for depositing, each one may be dedicated to a certain territory so make sure to double check which countries the method supports. Use our search feature in the table below to find the prepaid card you are most interested in.

• Paysafecard
• Neosurf
• Vanilla Prepaid (Canada)
• Payz
• Visa
• Flexepin (Canada, Africa, ROW)
• Bancontact (Belgium)
• UPayCard
• CashToCode (Europe, South Africa, New Zealand)
• OTT Voucher (South Africa)

Bank Transfers and EFT

• Interac online and e-transfer (Canada only)
• Bank wire transfer (most countries)
• iDebit (Canada)
• POLi
• SwiffyEFT (South African EFT method)

Cash Transfer

Cash transfer services had already existed for over a century when the first online casino platforms went live. Their reputation and popularity among the masses made them a suitable choice for many, and were the most common alternative to banks and credit/debit cards if necessary.

As technology progressed, new companies emerged which took online banking to a whole new level. These types of banking formats completely digitalized money management, funds storage and transfers. Some of them appear as dedicated programs and mobile apps, while others are web-based online services. Either way, their focus was to make online casino players less reliant on their banking accounts and credit/debit cards and save them from having to share such sensitive information with third parties.

Best E-wallets

Nowadays, there are a large number of e-wallet services, facilitating payments to and from online casino platforms. PayPal was among the first to offer the service, with Skrill and Neteller currently ranking among the top choices for online transactions.

They function on the principle of opening a personal e-wallet account and funding it with real money that you would like to use for online payments. After that, there is no need to involve your banking details, and they remain safely stored on the e-wallet’s servers. More or less, e-wallet services are available as payment methods at top online casino sites, as well as other e-commerce platforms, so all you have to do is select them and complete the transfer. The procedure is explained in further details at each method listed below.

Cryptocurrencies

In an attempt to completely decentralize the money management practice, developers introduced a whole new format – cryptocurrencies. Bitcoin was the first crypto released, with many additional digital currencies being built on its basis. For Crypto low minimum deposits check it out here.

Nowadays, there are a few which have managed to gain the most ground in the sphere of online banking:

• Bitcoin - This was the first currency of its kind, developed as a decentralized and completely anonymous method of sharing and transferring data and funds between peers. It runs on its unique blockchain platform, which later served to develop all kinds of ‘derivates’, operating today as separate cryptocurrencies.
• Ethereum - So far, Ethereum has managed to establish itself as the second largest cryptocurrency after Bitcoin. It inevitably uses its revolutionary technology, and further builds upon it in order to perform its operations successfully.
• Bitcoin Cash, Dogecoin, Litecoin

Read on below in the dedicated Ethereum page for further details, and check out the rest of the variants available just to be sure you’re making the best choice for your online casino gameplay.

Below is a list of all the banking options available to use when wanting to make a deposit and/or withdrawal at an online casino. For further information click on the reviews to see the details of each method and the casinos that use them.

If you are looking for casinos that accept certain currencies we have a dedicated page: Currency Options at Casinos

Country-Specific

• US Players
• Polish Players
• Russian Players
• Canadian Players
• Players from the Netherlands
• French Players
• Players from New Zealand