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What is an E-Wallet?

What is an E-Wallet?

An e-wallet is an online payment method that allows you to store and transfer money electronically. It works like a digital wallet that you can use to make purchases online, including at online casinos.
You can fund your e-wallet using a bank account or credit/debit card, and then use the money in your e-wallet to make payments or withdraw funds.
E-wallets are secure and offer fast transaction times, making them a popular choice for online transactions.
Some of the most popular e-wallets are Skrill, Neteller, Envoy, PayPal, and ecoPayz.

Top 10 Casinos Offering E-wallet Payments in 2024

Our team of casino experts has carefully hand-picked the top 10 online casinos offering e-wallet payments in 2024. These casinos have been chosen for their reliability, security, and ease of use when it comes to e-wallet deposits and withdrawals.

With a variety of options to choose from, you can be sure that your online gaming experience will be smooth and hassle-free. Check out the table below to find the perfect casino for you.

 

How to Deposit With E-Wallets

Ready to make a deposit at your favorite online casino using an e-wallet, but not sure where to start? No problem!

While the exact process may differ slightly depending on the e-wallet you choose, the general steps are pretty straightforward. First, log in to your e-wallet account and connect a payment method, such as a credit card or bank account. Then, add funds to your e-wallet that you can later use to deposit at the casino. If you go for a PayPal casino,  you won't even have to bother with setting up new e-wallet accounts considering that you probably already use the service.

If you've got enough funds available in your e-wallet, it's time to head over to the casino's cashier and select the e-wallet you want to use. From there, simply enter the deposit amount and the email address associated with your e-wallet account.

After confirming your info, you'll be redirected to your e-wallet login page, where you can select whether to use your existing balance or charge your credit card directly (if the option is available).

Once you've confirmed the payment, you'll be taken back to the casino site, and voila! Your newly deposited funds should be ready and waiting for you to use. Now, let the fun begin!

So, for a quicker overview, here's a step-by-step guide on how to make a deposit at an online casino using an e-wallet:

  1. Create an e-wallet account and add a payment method.
  2. Fund your e-wallet account.
  3. Log in to your online casino account and go to the cashier section.
  4. Select your e-wallet as the deposit method, enter the deposit amount, and confirm the payment information.
  5. Wait for the deposit to be processed, and start playing your favorite casino games!

How to Withdraw to E-Wallets

E-wallets are a game-changer when it comes to fast and easy withdrawals for online casino players. No more waiting for days or even weeks to get your hands on your winnings! With an e-wallet, you can cash out your funds quickly and hassle-free.

To start the withdrawal process, simply visit the cashier and select your e-wallet as your preferred withdrawal method. Keep in mind that you'll need to use the same e-wallet that you used for your previous deposit. This is a security measure to prevent fraudulent activity. But don't worry - your e-wallet is usually saved as an available withdrawal option for your convenience.

Next, specify the amount you want to withdraw and confirm the transaction. The payments department of the casino will process your request, and your funds will be available in your e-wallet almost instantly. In fact, some casinos even use fully automated solutions to process withdrawals in just a couple of minutes!

However, there are some transactions that require manual approval, which can take between 24 and 72 hours. If you've been waiting longer than that, we recommend contacting the casino to check on the status of your withdrawal. Overall, e-wallet casinos offer a fast, secure, and convenient way to withdraw your winnings from online casinos.

How to Verify Your E-Wallet Account

How to Verify Your E-Wallet Account

The verification process for e-wallets varies depending on the type you are using. Some e-wallets allow you to use them without any verification, but with certain restrictions, such as deposit and withdrawal limits.
However, once you reach a certain turnover, you will likely need to verify your e-wallet with a valid ID card, passport, or driver's license. Additionally, proof of address, like a recent utility bill or bank statement, may be required, and it cannot be older than 90 days.
You might also need to prove ownership of the payment methods you used to fund your e-wallet, such as a bank or credit card statement showing your name and parts of the account number.

Limits and Fees

With so many e-wallets and online casinos around, it can be tough to predict whether or not you'll have to pay any transaction fees. This can vary depending on many factors.

Generally, e-wallets won't charge you anything to send or receive money, but some may charge you a small amount when transferring money from your e-wallet to your bank account. It's a good idea to research this information before deciding on an e-wallet to use for gambling.

Similarly, some online casinos offer free deposits and withdrawals, while others may charge fees. Unfortunately, some operators do charge for e-wallet transactions, which can be up to 5% of your deposit or withdrawal.

To avoid any unpleasant surprises, make sure to check the rates for deposits and withdrawals before signing up for a new online casino. However, there are plenty of online casinos that offer this service for free, so don't worry!

Bonuses When Using E-wallets for Gambling

Using an e-wallet for gambling can sometimes make it challenging to get the best casino welcome offers and deposit bonuses. Due to higher transaction fees compared to other payment methods, some online casinos might exclude bonuses from Neteller, Skrill, or other e-wallet deposits.

But don't worry, there are still plenty of options available! Many online casinos still offer amazing bonus offers and free spins for those using e-wallets for gambling. Just make sure to check the terms and conditions to ensure you're getting the most out of your e-wallet deposits.

Pros and Cons of Using E-Wallets

Just like with any payment method, there are advantages and disadvantages to using e-wallets. We've listed all the key decision-making factors below:

Pros

  • Greater security - No sharing of bank or debit card details with your online casino. The e-wallet serves as a secure buffer.
  • Speed - Withdrawals are generally processed much quicker than bank transfers and debit cards.
  • Widely accepted - The majority of online casinos will support the most popular e-wallets.
  • Mobile friendly - Download a range of secure apps for your devices.
  • User-friendliness - Easy to understand, use and offer convenience. 
  • Additional perks - VIP and loyalty clubs, as well as prepaid MasterCards and crypto compatibility. 

Cons

  • Bonus availability - Using some e-wallets for deposits could leave you ineligible for bonuses.
  • Fees - Most online casinos do not charge these, but e-wallets will add fees to deposits and/or withdrawals to and from your bank account.

Tips for Choosing the Best E-Wallet Casino Sites

So, you’ve chosen your preferred e-wallet and you're ready to get started? Your next step will be to get signed up at an online casino. Whilst there are unlimited choices, it’s a good idea to think about what you want from a site.

Bonuses

Please don’t be drawn in by any big bonuses without reading the small print. Skrill and Neteller deposits will often leave you illegible for welcome offers. Ongoing promos and loyalty rewards may also not be available to you.

Limits

A quick trip to the cashier section will reveal this vital information. If you are a high roller and your chosen site doesn’t permit more than €200 a day in Payz deposits, then you’ll soon be looking elsewhere. The same goes if the minimum Skrill deposit is £50 and you are on a smaller budget. 

Fees

It’s unusual for online casinos to tack on deposit or withdrawal fees to e-wallet transactions. But it’s always best to check this before signing up. A quick chat with live support or a scan of the FAQs will sort this out.

Transaction speeds

Most e-wallets offer instant deposits at online casinos. Though withdrawal processing times can sometimes be up to 5 business days - ouch! You can avoid this by opting for a fast-payout casino instead.

Nerijus Grenda
Nerijus Grenda
Last Update: 09 Apr 2024
Nerijus Grenda is a prolific contributor to the GoodLuckMate site. With a deep understanding of the online casino industry, gained from his own experience as an avid player, he offers valuable insights on what sets the best casinos apart from the rest. As a writer, Nerijus shares his expertise through expert analysis and thoughtful commentary on various topics related to online gambling, including casino reviews, game guides and industry trends.
Q: 

Is it free to use e-wallets at online casinos?

A: Itโ€™s free to download and create an account with any of the e-wallets on this page. Fees do apply for deposits and/or withdrawals though. Please check the table above for more info.
Q: 

Can I claim bonuses with e-wallet deposits?

A: Skrill and Neteller deposits can sometimes make you ineligible for any rewards. Other e-wallet payments will allow you to claim welcome offers, reloads, cashback and free spins.
Q: 

Will I need to verify my e-wallet with an online casino?

A: Yes! This forms part of the overall KYC player verification process. Youโ€™ll just need to take a screenshot of your app login page. This must show your email address, name and the logo of your e-wallet.
Q: 

Whatโ€™s the average e-wallet casino withdrawal time?

A: These are mostly instant though they can extend to anything up to 5 business days. If you are looking for speedy payouts then please check the casinos' FAQs for the exact time frames.
Q: 

Is it safe to use e-wallets at online casinos?

A: Absolutely! Our listed casinos are already regulated by gambling authorities and audited for their safety. E-wallets also come with 2-FA such as facial and fingerprint recognition as well as strong levels of encryption.
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