In many cases internet casinos provide such a high number of methods for making a casino deposit that it becomes very difficult to distinguish them from one another. The current list of the most popular methods of payment for online casino sites will help you find your way and will provide you with the fundamental advantages and disadvantages of all methods.
The current list provides you with the general information including where the company is located, in which location it operates most often, whether it is good only for deposits or it is suitable also for withdrawals, its overall reputation and what kind of fees on transactions you can expect.
The most common internet Casino payment methods
Here you can find the basic methods for making a deposit when you sign up and have to make your initial deposit at an online casino. You are quite lucky since most of the included websites provide several of these options to cater for a broader range of customers. Besides all the different methods of payment, e-vouchers and e-wallets, the majority of Internet gamblers will be provided with a sufficient number of exclusive games.
Overview of the credit card, money transfer and e-wallet deposit options
Banking online isn’t a problem when you choose one of the following payment methods:
Neteller
Neteller started as the most promising startup company providing internet payments. Back in 2005, Neteller was responsible for eighty percent of the Internet gambling money transactions.
Neteller was so tightly associated with internet casinos, poker rooms and sportsbooks that it forced the US Department of Justice to charge Neteller and its two co-founders from Canada to pay more than three hundred million dollars to get out of their trouble. Since this happened, Neteller moved their location to the British Isles and diversified, starting a partnership on prepaid cards with MasterCard.
Despite that their revenues are not so impressive as they used to be, Neteller is still one of the biggest and most common existing electronic methods of payment. Neteller is very trusted all over the globe, despite that the company is out of the US market currently. Let us proceed further on our page about Casino deposit methods.
Skrill (previously Moneybookers)
Skrill is the first rival to Neteller in the gambling industry. Launched in the UK in 2001, Moneybookers entered the game a bit later than their rivals Neteller, but it is currently one of the e-commerce giants. Skrill is under the regulation of the FSA (Financial Services Authority) the UK, which means that it is a secure and safe electronic payment service. Skrill has already bought many of its previous European competitors.
PayPal
After the eBay corporation purchased PayPal in 2012, PayPal became the method of preference for the e-commerce giant. Because of this, PayPal became the basic electronic method of payment for US online shoppers. PayPal is very trusted in North America and very popular all over the globe, although it is not so big among the gamblers in Europe. Paypal is not found at so many websites as Neteller and Skrill, and the reason might be that the directors at eBay would like to keep their website out of trouble with the US government. Despite this, you can find PayPal as a method of deposit at a lot of Internet casinos.
Ukash
Ukash is an e-voucher system developed back in 2000. In the following years, the 19 number PIN code used by Ukash and their electronic vouchers have become common with internet shoppers in New Zealand, Australia, South Africa, the UK and all over Europe. Ukash has got an award by the Queen of England and has been featured in the Sunday Times.
Despite that Ukash is not found at so many websites as Skrill and Neteller, it remains one of the top and most reputable electronic methods of payment.
PaySafeCard
PaySafeCard is an e-voucher system developed in Austria and quite similar to Ukash, and it uses a 16 number PIN code for security measures. The prepaid cards by Paysafecard can be purchased from various retail outlets in twenty-two various European countries and also in Argentina. With about three hundred thousand outlets worldwide where you can purchase e-vouchers by PaySafeCard, this method of payment is the choice of millions of Internet shoppers. These vouchers also work for internet casino gambling, as long as your deposits are not too high. You can find thousands of websites using PaySafeCard, which include the majority of popular UK and European websites.
iDEAL
iDEAL is an online method of payment processing about seventy million online payments each year. iDEAL was founded by a Consortium of Dutch banks in a partnership, which includes ING Bank, Van Lanschot, ASN Bank, Rabobank, Friesland Bank, SNS Bank, ABN AMRO, RegioBank and Triodos Bank. iDEAL is an established e-wallet service, especially when it comes to websites that are licensed by Curacao (the Netherland Antilles island), which was previously a part of the Dutch colonies overseas until 1986. iDEAL is also used by a big number of other European players.
Giropay
Giropay is the electronic method of payment which is supported by about one thousand and five hundred cooperative banks and savings banks (also by one conventional bank which is Deutsche Postbank). Giropay it’s quite similar to iDEAL.
Giropay has thirteen million account holders in Germany and substantial numbers of Internet gamblers who hold some of these accounts. In case you have a German bank account, you can use this Internet payment service. Obviously, this makes it a very common option for people who live in Germany.
UseMyBank (UseMyFunds)
This is a Canadian e-wallet service based in Toronto, Ontario. UseMyBank facilitates internet payments by transferring funds from your bank to internet casinos. This method can only be used for deposits. It doesn’t allow withdrawals. The deposits are instantly processed, and the required information is minimal. The deposits with UseMyFunds appear similar to debit card payments, but one of their major concerns is security. The only supported language is English, but the company is not integrated within the United States Financial system. It is a safe and convenient way to transfer cash from your bank account to the casino website.
Instadebit
Instadebit is another e-commerce company from Canada and it is a quite decent method of payment for Internet Casino gamblers from Canada. The transactions at Instadebit and their security procedures are quite similar to those of PayPal, but their activities are under the regulation of Canadian government agencies. You can make payments with the use of Canadian or American dollars, and you also have the option for withdrawals. And the best part is, that you don’t have to give your bank account information to an offshore company.
MyPayLinQ
MyPayLinQ is a Costa Rica based e-wallet service which services more than three dozen US gambling websites and more than five dozen UK internet gambling websites. Their transaction fees are higher than what companies like PayPal charge you, but because this company is based in Central America, the US players are not concerned about their payment history or information going to the United States government or their funds being frozen. Therefore, the added fees for security are worth it.
Click2Pay
On this Casino deposit page, we should say that Click2Pay is a Munich Germany based electronic payment service which was initially developed for internet shopping. It is currently accepted for payments in more than one hundred and eighty countries all over the globe, offering easy to use and secure deposits. Unfortunately, the United States are not included in the list of countries.
The support at Click2Pay is available 24/7, but some of their numbers are not toll-free. You may find that their registration questions are a little too intrusive, but they are simply meant to verify that you are the person you are claiming to be. After all, their questions have been designed to protect you from Identity Theft.
Visa
Visa was the very first credit card for all purposes, and it remains the largest charge Network in the whole world. In case you are not against using your credit card for funding your Internet gambling accounts, then Visa is probably the easiest method of payment in the Internet gambling world. The credit cards by Visa are declined less than Amex and MasterCard, and their debit cards such as Visa Electron are very useful in almost all locations.
Mastercard
MasterCard is the most powerful rival in the credit card business to Visa, both in the internet Casino industry and in worldwide vending. Beginning in 2010 and 2011 MasterCard transactions started to be declined in many cases for US players. Still, most internet gambling websites accept Mastercard, and it remains a trustworthy method of payment.
American Express
American Express is the top notch credit card for US customers, but their high standards are quite less likely to be used in the world of internet gambling. Still, the debit and credit cards by Amex are used at some internet Casino sites. And certainly, if Amex is accepted, you know that the particular website is a legit one.
Western Union
It is very difficult to make a more traditional choice than the Western Union. It was the very first big company that used electric wiring for sending messages after it was founded in 1851 as a telegraph company. Several Generations later and after many technological advances, Western Union remains one of the most trustworthy carriers of messages in the Communications business. Of course, another basic use of Western Union currently is sending money, and that is why we have included it in our list.
Moneygram
This is another respected and old company from the US. Originally based in Minneapolis, MoneyGram was purchased by Goldman Sachs and some other partners, and its current location is Dallas Texas. There are about three hundred thousand Moneygram outlets all over the world, and you can find it in more than one hundred and fifty Nations.
eCheck
The eCheck gives you the opportunity to set up a transfer system of electronic funds and send money from your checking account for any check payment you would make with the use of a personal check. Electronic checks have availability to US and Canadian gamblers.
Wire transfer
Also called an electronic funds transfer or just a bank transfer, this is an easy and safe method to make your gambling deposits. It is an immediate method, and there are very few chances for wire fraud because of the security methods. Thank you for reading our page about Casino deposit methods.
Publications
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