If you want to win money in the online casino, you have to deposit credits. Casinos are using different means of payment. Deposits should be fast and also the security of data is essential. You can find out more about Online Casino Deposits India on GamblingGuy.
Which online casino payment methods are best suited for deposits or withdrawals? Very popular are e-wallets, which include PayPal or Skrill. But also, bank transfer is not yet obsolete.
E-wallet as a casino payment method
E-Wallets are casino means of payment, which have gained massively in importance in the Internet and especially in the new online casinos in recent years. Driven by the expansion of broadband connections, many casino fans now use electronic wallets. The three largest providers are Skrill, Neteller and PayPal, with PayPal still being the undisputed leader.
Paypal as a means of payment in online casinos
To find a PayPal Casino is not easy, because the payment service provider pays a lot of attention to seriousness and absolute security. Paypal offers a high safety standard, a simple operation and payments by direct debit to one of the most used means of payment.
Advantages of e-wallets
Easy handling: Payments with e-wallets are uncomplicated and can be processed from the cashier areas of the casinos with just a few clicks.
Fast crediting: One of the special advantages is that deposits via wallets are credited within a very short time – often in real time. This means that the credit balance is immediately available for games in the casino.
Data security: E-wallets allow payments – without having to disclose sensitive information to an online casino.
Fee-free payments: For deposits and casino withdrawals, fees are rarely charged by the provider.
Which electronic wallets are preferred in India?
Neteller and Skrill are two wallets that are accepted by many providers. PayPal, on the other hand, is one of the most important wallets worldwide. In online casinos, however, the provider plays only a small role. Various casinos even have cancelled PayPal in recent years.
Credit cards as an online casino payment method
Security in payment transactions is a top priority at all online casinos that we check. One encryption method used by most Internet casinos is SSL encryption. This method is also used in online banking and is considered absolutely consistent and secure. It does not matter which casino payment method is used to transfer money – all transactions are subject to encryption preventing third parties from accessing any data.
Another security aspect of online casinos is a verification of identity. Before a withdrawal is completed, for example, the identity of the customer is verified. It is not unusual for operators to require documents such as the last electricity bill. This is to prevent player accounts from requesting unauthorized payouts.
Regulatory authorities
The best-known regulatory authority is the MGA (Malta Gaming Authority). It is considered to be the absolute top license and guarantees supervision at the highest level. Fair play and highest security standards are a must for online casinos with this license. One of the most important aspects of this regulatory authority is that online casinos must use separate accounts for player funds and must always have sufficient funds available.
Another license with regulatory authority is the license of the Licensing Authority Gibraltar. Here too, all deposits and withdrawals are checked. Liquid funds of online casinos are also examined daily under the microscope. Online casinos with a license from Gibraltar are considered trustworthy and safe online casinos.
Mobile payments
Mobile Gaming is an ever growing trend, which is why casino software developers are already optimizing their casino games online for cell phones and tablets. Since however not only mobile is played, but the entire Casino appearance on a small display as clearly as possible and in full function range must be represented, also means of payment for the cell phone and Tablet must be available.
Usually players do not face any problems here, because payment service providers such as Skrill, PayPal, Neteller and credit cards have already optimized their service. Mobile payment in online casinos is therefore no problem. Depends only on which cell phone online casinos are mobile aligned.
Payment with crypto currencies in online casinos
Crypto currencies have gained lots in trust in the recent years. The degree of popularity increased enormously. In order to show how diversely crypto currencies such as Bitcoin can be used, online casinos have already integrated this unconventional means of payment into their payment transactions – but so far only a few Internet gaming halls.
For a deposit via Bitcoin, a wallet is required, similar to an e-wallet from Skrill or Neteller. The greatest advantage of payments with crypto currencies is anonymity and speed. Within seconds credit is transferred from one wallet to the next, anonymously and using high-security encryption. The game in the Bitcoin Online Casino can therefore start immediately.
Credit cards are a popular payment method not only for travel abroad – for example, for withdrawals from ATMs. VISA or Mastercard are now an integral part of accepted payment methods in online casinos. With many providers, players can not only deposit credit to their customer account.
Often credit cards are also accepted as payment methods for withdrawals. One of the advantages is that payments with credit cards are processed quickly. Casino fans, on the other hand, must keep in mind that there are fees for payments from card providers, as well as from individual online casinos.
Pay online with Visa or Mastercard in the casino
Cashless payment also works with a card from Visa and Maestro. More and more real money online casinos are integrating the payment method into their payment transactions, as it does not require a customer account, a 2-factor authorization is necessary for a payment and (almost) every player has got either a Visa or Mastercard. The advantages are obvious – also for players. For example, deposits can be made in real time without a customer account and casino withdrawals can usually also be applied for free of charge to the current account.
Bank transfers as means of payment in online casinos
Bank transfers are the classics among all the payment methods mentioned. The bank transfer is used by casino fans who neither want to open a user account with one of the e-wallets nor have a credit card. The whole thing has one decisive disadvantage: payments take a long time.
Even the deposit takes several bank working days – from authorizing the payment to crediting the customer account. Until then, it is not possible to play.
Security for payments in online casinos
Security in payment transactions is a top priority at all online casinos that we check. One encryption method used by most Internet casinos is SSL encryption. This method is also used in online banking and is considered absolutely consistent and secure. It does not matter which casino payment method is used to transfer money – all transactions are subject to encryption preventing third parties from accessing any data.
