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If you want to test your luck at an online casino, there are two important things to consider before you sign on the dotted line: finding the best online casino that is both safe and secure and a way to easily make deposits and withdraws of your funds. To help you with getting started, then, we have put together this extensive guide, in which we discuss different payment options that you can use and their pros and cons. We also want to take look at transaction times, possible fees, deposit limits, and much more besides. So, let’s get started…
More information about Deposits
First, we should take a look at some of the most commonly used payment methods available at most modern online casinos. We won’t go into the details of every single option too much, as the choices are too numerous. But, for the purpose of this guide, we want to highlight five main categories of deposits methods. If you would like to find out more about a specific payment provider, you can take advantage of our dedicated pages where we explain everything in much more detail.
Credit card payments are immensely popular all around the world. So, it is not surprising that you’ll also find this option in almost every single online casino. It’s fast, convenient, and safe to use. Most operators support deposits via Visa and MasterCard. Other cards such as American Express or Diners Club are also available in some online casinos but it’s not as widespread.
Making a deposit via credit or debit cards is just as easy as using them at any other online shop. You merely have to specify the amount you would like to add to your casino balance, enter your card details and confirm the transaction with the CVC code that you can usually find on the back of the card within the signature strip. Most modern credit cards also use two-factor authentication (2FA) as an additional security measure for online payments that might be required. This might be a specific password or a code that is sent to your mobile phone.
eWallets are especially popular with gamblers as they have some additional advantages compared to traditional deposit methods, such as online banking or credit cards. Popular eWallets at online casinos are Neteller, Skrill, PayPal, MuchBetter, and ecoPayz. However, this is by far not an exhaustive list of the available options. Essentially, however, all of them work almost exactly the same. You sign up for an eWallet on the company’s website and follow the steps on the screen. Once everything is set up, you can deposit money into your electronic wallet by using a credit card, for example.
If you want to deposit at an online casino, you have to select your eWallet of choice in the cashier and specify how much you would like to top up. In the next step, you’ll be forwarded to the website of your eWallet where you can confirm the transaction by logging into your account. The funds will then be available immediately. One of the biggest advantages of this type of payment method is lightning fast withdrawals that are just as quick as deposits. This way you can easily shuffle around your money in different online casinos without having to wait for days for your cash out to arrive.
Almost everybody is using online banking these days so this is an option that most players will have access to. There is a multitude of payment providers available in online casinos that allow a player to facilitate a deposit via bank transfer. The most popular choices are Instant Banking providers such as Trustly, Sofort, Klarna, or iDeal. In this way, you can enjoy the safety and all other advantages that online banking has to offer, combined with lightning-fast transaction times.
Some online casinos even accept different kinds of voucher cards. These are especially popular with European gamblers. Voucher cards like Paysafecard are widely available, easy to use, secure, and provide some level of anonymity. These cards can be purchased in gas stations, kiosks, and other stores. Once you’ve obtained your voucher card, all you need to do is head to the cashier of the online casino and enter the code that you can find on the voucher. The funds will be available without delay, which enables you to jump straight into the action. The only downside is that most of the voucher cards can only be used for deposits and not for withdrawals. This means you need an alternative method to cash out your winnings, such as a bank account, for example.
The rise of cryptocurrencies has caused a seismic change in the way we can pay for products and services online, and this is also reflected in online casinos. If you have already invested in cryptos, this might just be the right choice for you. However, we wouldn’t recommend this method for inexperienced users as it can be difficult to understand at first. Common cryptocurrencies in online casinos include Bitcoin, Ethereum, and Litecoin, to name but a few.
Generally, online casinos prefer using payment providers that allow instant deposits nowadays. This means that you don’t have to wait for your funds and can start playing straight away. Payment methods with instant deposits include credit cards, eWallets, Instant Banking like Trustly or Klarna, most cryptocurrencies, and voucher cards.
There are still some methods available where have to be a bit more patient, however. If you are planning on making an old-school wire transfer it might take up five business days for your funds to show up on your casino balance. But this is almost the only exception. On rare occasions, you can also use checks to deposit at the casino, which can up to a week. Usually, you can find a note within the cashier of the casino stating that your deposit may not be available straight away with the method of your choice.
Before making a deposit in an online casino, we recommend having a look at the terms and conditions and the cashier itself. Some operators are charging small fees for some of the available deposit options. In most cases, this would be highlighted within the cashier area of the site before you confirm your transaction. Deposit fees are not very common and most of the established brands offer completely free transactions. It’s not hard to find a good casino that does not impose transaction fees and, for that reason, we recommend avoiding operators that turn this kind of expense over to their players.
Most casinos have built-in deposit limits. Usually, the limits are per transaction and greatly vary depending on the choice of the payment method. This isn’t an issue for the vast majority of players since the upper limits are usually several thousand euros per deposit. However, this might not be sufficient for the high rollers among you.
Furthermore, you can set up your deposit and spending limits in the responsible gambling area of the website. In this way, you can easily prevent yourself from losing too much money and stay in control of your funds. Most casinos offer daily, weekly, and monthly deposit limits that can be set up separately.
At every online casino, you will sooner or later have to deal with the so-called KYC procedure – in full, this means Know Your Customer. In concrete terms, however, this means that you will have to send a number of documents to confirm your data.
In any case, you will have to confirm your identity by uploading a digital copy of your ID card or passport, but often you will also have to prove your address as well. Sometimes you will also be asked to prove that you are the owner of the payment method with which you made the deposit into your casino account.
Passing on personal information is never fun, but online casinos must go through this procedure to protect themselves and to follow the law. This procedure checks that you are who you say you are and whether, for example, you are really of age to play at the casino.
This procedure is carried out quite quickly at most casinos and will usually be enforced when requesting a withdrawal after reaching a certain turnover. To avoid unnecessary delays in withdrawing your winnings, we recommend that you proactively forward your documents to the casino's customer service department yourself if this is possible. You can find more information about KYC and SOF in the respective guides on our website.
It is advisable that you strictly use payment methods that belong to you as in most only casinos it is against the terms and conditions to use payment methods of 3rd parties. This is mostly due to anti money laundering regulations and other legal requirements with which the operator of the online casino has to comply.
When picking your payment method you should also be aware of the fact that, in most cases, you will have to withdraw your winning back to the same method that has been used for your initial deposit. This is not possible for all methods (such as voucher cards) but is standard practice for most other options. You can find detailed information about this in our online casino withdrawal guide.
A great way to make the most out of your money at an online casino is to take advantage of a deposit bonus or one of the many generous welcome offers. Bonuses come in all sorts of variations but, most of the time, the casino will match your deposit with an equivalent bonus balance. It is important to be aware that not all deposit bonuses are available for all deposit methods. In many casinos, deposits made via eWallets such as Neteller or Skrill are excluded from promotions. For that reason, it is a good idea to check the bonus terms before making a deposit to be sure that you can take advantage of some of that sweet extra bonus money.
Depositing money at an online casino is a piece of cake. You can choose your preferred payment option from the cashier and make the deposit in an instant. Just enter the amount you want to deposit, your card or eWallet details, and, before you know it, you'll be playing online!
Depending on the online casino, there are several convenient, fast, and safe methods that you can use to fund your account. These include credit cards, instant banking, eWallets, and even cryptocurrencies! See above for more information on each type of payment method.
Yes, you can do this via your own bank statements, as well as via the payment history that is accessed from within your online casino account. Then, you can see exactly what you have deposited, what you have withdrawn, and which payment methods you have used.