Most Popular Payment Methods For Online Casinos

Payment methods play an extremely important role in online casinos. Anyone who not only wants to play for free, but also with the chance of real money winnings, will sooner or later have to make a deposit and also have to choose a payment method for the payout. In addition to the aspect of security, things like speed, no transaction fees and low minimum amounts and good maximum amounts are particularly important.

All of these factors are better served by some payment services than others. There is even a very clear trend in terms of the most popular payment methods that will not be thrown from the throne in 2022 either.

You can find out here why the online casino with Paysafecard in particular offers good opportunities and is successful and how the most popular payment methods for virtual game libraries stand out from others.

What is really important to players

Some of the aspects that are particularly important when making payments in the casino are obvious. For example, you don’t want to wait forever for your money to be available in the player account so that you can start playing, and the withdrawal should also be available in the account as soon as possible. On the whole, payments should be quick and easy to process, but there are others too:

Security

Reliability should be preferred to all other aspects. Payments, especially personal account details, must be handled with care, especially with online transactions. The necessary securities should not only be provided by the payment service, but also by the gambling hall. The online casino must provide generally protected, encrypted connections and work with well-protected technologies. 

The safest payment methods, on the other hand, are those in which you do not have to enter any account details for online payments, but instead log in using the user data with a password and ideally still have to verify the payment, for example using your mobile phone. The aspect of anonymity provides additional security, as no one can associate the payment with personal data.

Fees

There are still online casinos that charge fees for deposits or withdrawals with certain payment methods. This happens more often when using credit cards, for example. Of course, nobody wants to pay an additional price in order to be able to play or receive their own money. 

Processing time

The processing time tells you how long you have to wait for your money. On the one hand, there is the time that an online casino itself needs to process the payment request and, on the other hand, the processing time that a payment service provider needs to carry out the transaction. 

The classic bank transfer, but also credit card payments still take up most of the time. On the other hand, digital accounts or e-wallets , which usually only require a few seconds for the transfer, are beneficial .

Limits

Last but not least, there are the limits … You have won € 10 and now want to cash it out? The general minimum payout is now € 15. So there is nothing left but to keep playing and take the risk of losing everything. This is insanely annoying, which is why online casinos with low limits are preferred. 

Incidentally, the same concept also applies to deposits. The lowest amounts such as € 1 to € 5 can only rarely be deposited. Instead, a minimum deposit of € 15 is required on average. There are also limits to the top. No arbitrary amounts can be paid in or out. However, this is mainly related to the payment methods, as payment services also have their limits.

The payment methods with the greatest advantages

So there are a few things that good payment methods must meet. Fortunately, there are a number of options that meet all expectations to the full satisfaction of users. The following payment options are therefore the most popular for use in virtual gambling halls.

Bank Transfer

Bank transfer is a very popular way of transferring money online. Bank transfer allows you to pay online casino games providers using the most popular banks like HSBC, Natwest, RBS, Bacs, Barclays, Lloyds TSB, Bank of America, and more. Bank transfer is a safe, easy and fast way of transferring money online. 

You can transfer money from your own bank account to an online casino, as well as from your online casino to your own bank account. It is important to note that some online casinos do not accept online casino games payouts using bank transfer.

Card Payments

Card payments is a very popular way of transferring money online. There are many online casino games providers that accept card payments. It is safe, easy and fast way of transferring money online. You can pay online casino games providers using your own credit or debit card. It is important to note that some online casinos do not accept card payments.

Cryptocurrencies

Cryptocurrencies is a very popular way of transferring money online. Cryptocurrencies are digital currencies that are secure and easy to use. You can pay online casino games providers using your own Bitcoins or other cryptocurrencies. It is safe, easy and fast way of transferring money online. 

You can buy and sell cryptocurrencies through online casinos and exchanges. It is important to note that some online casinos do not accept online casino games payouts using cryptocurrencies.

Paysafecard

The Paysafecard stands out with its enormous security. In fact, it is probably the only payment method that is not connected to any personal information in any way. This is due to the fact that the Paysafecard is purchased in local shops and topped up with the desired amount on site. If it is then used to pay in the online casino, all you need to do is enter the personal code of the card purchased online.

The only drawback is that, of course, no payment can be made. In the meantime, Paysafe Online offers a service for this, but in order to use this, an account must be created again.

Trustly

Trustly is now the most popular instant payment service for online transactions. You do not need to register with the payment service to use it. Instead, the registration takes place using the data from the online banking system. Payments are made immediately in real time and can also be received as a payout.

Neteller and Skrill

Neteller and Skrill are two popular e-wallets that allow instant transactions in a secure way. An account with the payment services is necessary, but future payments in the casino can then be processed completely anonymously. You log in with your email address and password so that no personal data is transmitted to the casino.

No PayPal in online casinos

Fundamentally, PayPal has developed into one of the most popular payment services for the online market. This is due to the high level of security of the service, but also to the convenience and efficient account management. As a company, PayPal sets very high standards and guidelines .

Gambling is generally not supported by the payment service, which is why there is no PayPal online casino to be found these days. A few years ago PayPal was still available in virtual arcades, to the delight of all gamblers.

It is rather doubtful that it will be reintroduced in the future.

Which payment method should you choose?

A good question that you can hopefully answer for yourself based on the information you have already received. Before you finally decide on a payment method, however, we would like to give you a few valuable tips for choosing the right service provider, because transactions in online casinos often involve a lot!

When choosing the payment method, always make sure that it can also be used for later withdrawals. If this is not the case, you should definitely find out which alternative payment methods you can or must use in this case. These deposit methods are always problematic if you can only choose the traditional bank transfer as a replacement, which not only leads to long waiting times, but above all to unpleasant additional costs. Many casinos still charge immense fees for the use of traditional bank transfers.

And that’s not all – the withdrawal limits with traditional bank transfers are often very disadvantageous for you as a player. So keep your eyes open in this regard and determine what to expect in the event of a later payout before you use a service provider for the deposit. In this way, you will not encounter any unpleasant surprises later on and you can have your winnings paid out easily, in full and without deducting fees.

Flexibility is an advantage

Of course, in the end every player has individual requirements for payment methods. Accordingly, it is essential for a good online casino to offer a wide range of payment options so that you can enjoy flexibility. Most service providers have advantages and disadvantages.

Accordingly, everyone should weigh for themselves which factors play a bigger role for them. Perhaps security is most important to you and you have no problem with accepting a certain deposit limit.

Or you want to stick to traditional payment methods and are satisfied with the fact that you may have to wait a few days for the money.

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