When joining an online casino one of the first few things that you need to consider is the banking methods available to use for depositing and withdrawing winnings. In this comprehensive casino guide, we will be discussing different kinds of payment methods as well as some other payment-related conditions to consider. Visit http://www.newzealand-online-casino.org for detailed reviews of different online casino games.
Credit/Debit Cards Payment Methods
Credit/Debit Cards are by far one of the most widely used payment methods worldwide. The payment method is accepted by almost all online casinos and it is known to be a safe and secure way to add funds into your casino account and also take winnings from it. Credit/Debit cards are usually attached to a bank account. The following are the common types of Credit/Debit Cards.
- American Express
To ensure that the card is safe to use and to also protect the bank accounts of the user, financial institutions offering Credit/Debit Cards often use different kinds of two-factor authentication methods. One such authentication method is the One Time Password (OTP) which is sent via email or text to the players so that they can confirm the transaction made on the cards.
E-Wallets Payment Methods
Another popular payment method that you can use at online casinos is e-wallets. E-wallets are known to be one of the fastest payment methods and are also very secure to use. They are not connected to any bank account so when you use the payment method you can rest assured that your account is safe and cannot be hacked as a result of using it online.
There are several kinds of e-wallet platforms available for players to use at online casinos. Among the popular ones are Skrill, Paypal, Neteller, Ecopayz, Euteller and several others. One thing you need to know when it comes to using e-wallets is that the operator may charge you some fees for helping to maintain your account and also when you want to withdraw your money to your bank account.
Cryptocurrencies Payment Methods
Cryptocurrencies are also a payment method accepted at online casinos which is gradually becoming popular. The impressive thing about this payment method is that it is very secure. It offers players complete anonymity, which means that the identity of the players using the payment method is always safe. Additionally, cryptocurrencies works based on blockchain which is an advanced technology that makes it impossible to trace the transactions.
One thing you need to note when it comes to cryptocurrencies is that it is highly volatile. What this means is that the value can change at any time since it is highly unpredictable. So when using the payment method, you should always factor this in as well. There are several kinds of cryptocurrencies accepted by online casinos and these are Dogecoin, Bitcoin, Litecoin, Etherium and so on.
Mobile Pay and Vouchers
A few online casinos also allow players to deposit via mobile payment methods. These payment methods allow you to fund your casino account by using your prepaid telephone bill. One thing about the payment method is that it does not allow deposit of huge money and you cannot use it to withdraw as well. The following are examples of mobile payment methods you can use at online casinos
Some online casinos also allow players to use vouchers to make a deposit. One of the common vouchers accepted by most casinos is the Paysafecard which you can buy at a store and enter the pin of the card while depositing money. The amount of money you can deposit using Paysafecard can also be limiting depending on the casino. There are some casinos that also have proprietary vouchers.
Factors to Consider Regarding Payment Method
So far, we have explained the different kinds of payment methods you can use at online casinos when for deposits and withdrawals. In this section, we will discuss some of the things you need to consider about the casino that accepts these payment methods. First, you should always check the processing time of the casino as this tells you how fast deposits and withdrawals will be processed.
Additionally, casinos usually have a specified limit for deposits and withdrawals. Some casinos may allow you to deposit a minimum of $10 while others may allow you to deposit as low as $1. You should also check the fees that apply to processing deposits and withdrawals at the casino. You should also check the currencies supported by the casino to know if you'll need to pay currency conversion fees.