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Playing at online and live casinos in Singapore with real money means that you are going to score real wins. By doing so, you will surely want to withdraw your winnings. However, while depositing money is often a straightforward process, players sometimes have questions regarding casino online payment methods.
Oftentimes, depositing and withdrawing real money from online casinos needs some additional steps. That is why it is natural for newbies to get a bit confused about the process. You can also read a full online casino bonus guide here.
Do you want a simple way to make deposits into an online casino?
In this blog post, we will focus on casino online payment methods. Moreover, we will discuss how they work to help you decide what type of gambling site is right for you!
Casino Online Payment Methods: Deposit and withdrawal limits
Deposit and withdrawal limits refer to the highest and lowest amount of money you can transact with an online casino. However, these limits can be diverse in different payment methods. In addition, deposit and withdrawal limits can vary from casinos. Because all casino operators have set differently their financial transaction limits.
Still, top-tier online casino providers allowed their clients to enjoy a wide transactional threshold.
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Casino Online Payment Methods: Cards
Despite the popularity of the online casino, gambling online still faces a fair share of suspicion. Most especially for new players, they can be in doubt, as they are not yet familiar with how things work. They are concerns with the casino’s online payment methods. Because they are afraid to upload their bank accounting information. As they fear financial data theft and other issues alike.
However, you should not be afraid as long as you are signing up with trusted, licensed, and secured online casinos. Making online casino deposit methods runs the same amount of risk as making any online transaction. There will be some limitations and restrictions when making a deposit depending on where you live. All in all, conducting a transaction is very easy, safe, and secure without much of a hassle.
Credit Cards
Currently, credit cards and debit cards are one of the most popular casino online payment methods. Hence, they are also the most widely used online casino deposit methods.
The most popular credit card brand names for casino deposit options are:
- Visa
- MasterCard
- American Express
- Maestro
- Diners Club International
When making online casino deposits, the main issue is whether your transaction will be accepted. Although Visa and MasterCard are used worldwide, there are always internal bank policy problems. Not to mention, problems from the way they handle gambling transactions.
Debit Cards
If you want to avoid racking up debt, then, debit cards are a great option for you. Here, you can fund your casino wallet using resources that are already in your bank account.
The most popular debit card brand names for casino deposit options are:
- Visa
- Mastercard
- Visa Electron
- Maestro Debit
- Paysafecard
However, using both debit and credit cards can pose a problem, most particularly in the USA. Because card acceptance rates have been low when it comes to gambling. The online gambling industry and banks are struggling to find a system that works for everyone.
At the same time, protects their players as well. Yet, do not let this discourage your gambling. Still, you can use both cards as your main casino online payment method. You just need to experiment with which best online casino payment methods match your casino site.
Casino Online Payment Methods: E-Wallet
An E-wallet is an online money storage space you can use when transferring funds to your bank account. Also, it is increasingly becoming popular to use when paying online. It is very convenient to use in any e-Commerce transaction. Not to mention that e-Wallets are equally popular in the online gambling industry today.
Best E-Wallet Online Casino Payment Methods:
- PayPal
- Neteller
- Skrill
- EcoCard
- ecoPayz
- PayNearMe
- MyCitadel
- Pay By Phone
There are many different e-wallet providers available. Also, each has its pros and cons to its operations, but they are all secure. One great thing about using e-wallets is that any card details are stored safely. Even, if you have multiple cards that information is safe. Aside from that, every transaction is fast, secure, and free from fees.
Casino Online Payment Methods: Bank Transfers
Wire Transfers
Wire Transfer becomes a practical withdrawal option for most USA-based online gamblers. Look for a trusted online casino when you are using bank transfer as your deposit method. Since you are going to share your banks account information with this online casino deposit method. In addition, you can expect your withdrawal to arrive directly at your bank account within 5-10 business days.
If you are looking for the best online casino payment methods to cash out your winnings, wire transfer is perfect to use. Most especially, if you cannot use your MasterCard for withdrawal.
Casino Online Payment Methods: eCheck
Electronic checks or eChecks is a popular casino deposit method for players in Canada. Generally, it has a lower processing fee than credit cards. That is why it is ideal for paying large bills. In addition, eChecks allows players to make casino deposits and withdrawals while protecting their bank details.
InstaDebit
A quick and safe casino deposit option that you can use to fund your casino wallet. In addition, when it comes to depositing and withdrawing money there are no fees involved.
The downside here is that InstaDebit does not allows you to transfer funds directly from your bank account into your InstaDebit account. Instead, you need a bank account at any financial institution. Therefore, that it will facilitate the transfer from your account to third parties and vice versa.
Casino Online Payment Methods: iDeal
One of the popular casino online payment methods used in the Netherlands. You can easily pay bills or fund your casino account directly from iDeal without sharing your banking details. Unluckily, you cannot make a withdrawal in an online casino using iDeal. Because of its protocol to provide payment only,. Aside from that, iDeal is not accepted in USA-based casinos as well as not all banks work with this system. In addition, it is difficult to retrieve a payment when it was already been sent.
Cryptocurrency
Using cryptocurrency as a casino deposit option is a very popular today especially in crypto casino websites. Thus, it is making gambling safer and easier for all players.
Popular Cryptocurrency that you can use as online casino deposit methods
- Bitcoin
- Litecoin
- Ethereum
- BTC Cash
- Dogecoin
Cheques
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Cheques could be the best online casino payment method that you can use when cashing out. By using this, cashing out in online casino works every time – despite any technical limits you may face. Expect that your withdrawal request will be processed within a few days only.
Casino Online Payment Methods: Prepaid Cards
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You can also prepaid cards or vouchers to fund your casino wallet. Some of the popular prepaid cards use in casino payment method is:
- Paysafecard
- EntroPay
- EcoVirtualCard
- AstroPay, and others.
How to deposit in your casino wallet?
When choosing an online casino you should ensure that is licensed and secure. In addition, they must offer quick, easy, and secure casino online payment methods.
For newbies, you might be surprised at how easy it is to deposit your casino accounts. Because online casinos integrate plenty of deposit and withdrawal options. So that they can provide further convenience to their players. For most cases, the only issue that can arise is deciding which casino deposit options to use.
To make a deposit, you have to follow the registration process first. Then, you need to select your preferred online casino deposit methods. After that, you can now deposit any amount you want. Here are the simple steps in depositing to your casino wallet.
- You need to open the casino login page, then, enter your username and password.
- Next, go to the cashier page and click the deposit button.
- Then, you will see a menu containing the different payment options. Then, choose your preferred casino online payment methods.
- After that, you need to enter the amount you want to deposit. Then, insert your banking details afterward. In case you are using a credit card, you need to enter the following: card number, cardholder name, expiry date, and cvv code. However, if you are going to use e-wallets or prepaid cards, you will not input the details above.
- Then, your payment request will be authenticated. After that, the deposited amount will reflect on your casino wallet balance.
How to make withdrawals from online casinos?
There is nothing more rewarding than collecting your winnings out from the casino. Well, withdrawing your earned money is just as simple as depositing to your account. However, the process is not instantaneous as the deposit process.
- To make a withdrawal, you must first log in to your casino account.
- Next, go to the casino’s cashier page and click on the withdrawal option.
- Then, you will see an array of payment methods for withdrawals on the screen. The difference between the deposit and withdrawal process is the payment option.
- After that, you have to insert the amount you wish to withdraw. Then, enter the banking details.
Most of the time, some verification is required when you are requesting withdrawals for the first time. Here, you need to enter your email address. Then, you will receive a verification code to complete the withdrawal request.
Furthermore, when it comes to cashing out, not all the payment options offer the convenience of e-wallets and Bitcoin. If you are going to make a bank wire transfer, it may take up to few weeks. Because the casino needs to verify your withdrawal requests.
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Besides, they need to ensure that you are indeed eligible for a cash-out. Aside from that, these short delays enable the casino to make sure they are sending the right amount to the right person. Hence, to prevent identity thefts, money laundering, and other fraudulent activities.
Most of the time, withdrawals may take up to one to ten working days to complete. Still, it depends on the casino you are withdrawing. Not to mention that the withdrawal method used can also affect the period.
However, in e-wallets and Bitcoin, the withdrawals can be almost instantaneous after completing the payment processing procedure.
Casino Online Payment Methods FAQs:
All the payment methods mentioned above are safe and secured. Always keep in mind to use only a licensed and secured online casino. Also, use a method that protects and values your identity. As well as using recommended and known payment options to avoid fraud and theft.
Generally, E-Wallets are the fastest payment method to use in the online casino. Because they are designed for instant payment transactions online. That is why E-Wallets are fully optimized. Alternatively, credit and debit cards are also providing e-wallets. Thus, it can make speedy payment methods as well. However, it depends on your card service provider.
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All the casino online payment options listed above can be used to deposit at online casinos. However, always check the terms and conditions for the payment method. So that you can rest assured that they have not prohibited online gambling in your location.