Deposit Methods - Online Casino Payments
Casino deposit methods have evolved tremendously over the past decade. Long gone are the days of playing with coins or chips at slots machines and roulette.
Nowadays, technology allows us to fund our gambling accounts easily from anywhere at lightning speed – from e-wallets to cryptocurrency, however you want to pay, you are guaranteed to find the casino for you.
Coverage – international, regional, local payment or borderless payments (e.g: Transferwise).
Availability – payments that allow 24/7 use vs. payments restricted to certain working days (e.g.: banking days).
Safety – what safety procedures are in place such as data protection and two factor authentication, what is the prestige and reputation of the payment processor.
Anonymity – the level of personal data users must disclose in order to use the service.
Speed – some casino deposit methods offer fast withdrawland top-up, whilst others have higher processing times.
Fees and limits – how much you can deposit daily, weekly and monthly, if it’s free or if it comes with service and/or exchange fees.
Currencies accepted – single currency payments vs. multicurrency accounts.
Every casino has its own deposit procedure. However, the steps you need to follow are pretty similar at both local and international casino.
Sign up – to create an account, access the sign-up option from the menu and fill in the registration form with your personal data (name, address, age, e-mail etc.).Verify your account – confirm your e-mail address and attach personal documents to verify your address and identity. Go to “Cashier” or “Banking”. Select the deposit method you want to use (in some cases, you may be redirected to a third party payment page – if you deposit through online banking, for example). Input the sum. Confirm the transaction.
Depending on the payment method chosen, your deposit will either be credited instantly and ready to use for any welcome bonuses or in a few working days.
Casinos have very different withdrawal procedures depending on their policy and the payment method you use.
Most casinos do not release your funds instantly. They first need to run some extra checks to ensure the money was won fairly and there was no fraud involved.
A withdrawal request may be processed anywhere between 24 hours to 3 working days.
Because casino payment methods have evolved and improved so much, our level of confidence in them has grown, too.
At the very start of online gambling, the only trusted and widely available casino deposit methods were credit cards. Today, however, the sky is the limit– all it takes is a tap on your screen or a click on your laptop.
What you need to know here is that casino deposit limits depend on three factors:
Your seniority on the platform – newer accounts that haven’t been properly verified have very low deposit and withdrawal limits by default – to increase them, you need to verify your identity and build your credit on the platform by funding your account frequently.
The casino type – regular casinos have lower limits in general compared to VIP
The payment method used – bank cards usually have the highest deposit and withdrawal limits, whilst pre-paid vouchers are typically limited to a fixed sum.