Online gambling is a growing business, since every day more and more people are accessing to online casinos to entertain themselves while playing games for money.
Some decades ago, when online casinos appeared in the internet for the first time, many gamblers were reluctant togamble through a computer. At that time, many of us were not even used to make payments on an online site.
Nowadays, we are going through a completely different scenario. On the one hand, online casinos have become a stablished and regulated business, which created a more secure environment for gamblers; and, on the other hand, making payments online has become a quite common thing almost for everyone.
Anyway, banking methods at online casinos is still a quite debated topic among gamblers forums. When visiting gamblers forums, it is common to find questions such as which are the most convenient payment methods, or which are the fastest ones. Also, there are many questions regarding whether there are online casinos that accept Skrill or other eWallet services.
In order to help new gamblers to understand the online casino world, in this article we will review online casinos banking methods, from the most classic ones, such as debit or credit card, to cryptocurrencies and casinos that accept Skrill.
When talking about how to deal with money at online casinos, there are two main areas that need to be covered. First, how to fund your account in order to be able to play at different games on an online casino. Second, how to collect your winnings.
Even though you me be tempted to think they are almost the same, the truth is that they are quite different. The main disparity appears when you compare how long does it take an online casino to take your money when depositing and how long does it take them to process your withdrawal.
As you may already noticed, it takes longer for you to get the money you won than to deposit money on your online casino account.
Thus, our first recommendation is that, take some time to read the terms and conditions of each online casino at which you are willing to play. By doing so, you will avoid dealing with something that you are not expecting to happen.
With that being said, lets review the banking methods available at online casinos.
1. Credit, debitorprepaidcards
Credit, debit or prepaid cards are the most popular banking methods at online casinos. Almost every reputable gambling site accepts this kind of payment methods. American Express, Visa and MasterCard are the most common ones.
In the case of prepaid cards, they are mostly chosen for security issues, because they provide an anonymous way of funding your account with a lower risk than other types of banking cards.
In some cases, there are fees related to using a credit or debit card as a banking method.
Bitcoin is one of the most used cryptocurrencies at online casinos, even though most of them also take Ethereum, Lite, Tether and Bitcoin Cash,
In most cases, using cryptocurrencies as a banking method for your online casino account is quite convenient, since they have bigger promotions and bonuses. Also, cryptocurrencies are known for being fast. You can not only get your deposit immediately, but you can also collect your winnings instantly.
Last, cryptocurrencies can be used without charge. Most online casinos do not apply fees at all when operating with cryptos.
Another very popular way of funding your online casino account is through aneWallet service. Neteller, Skrill and PayPal are the most used eWallet among online gamblers.
One of the main advantages of using eWallet services is that it is a way to protect your banking information, because you won’t need to provide that information. Only when you define eWallet as a banking method, you will be requested to provide your eWallet account information, but you won’t need to introduce your credit or debit card numbers at all.
Most of online casinos take eWallet services as banking methods. When defining whether to use an eWallet at an online casino, it is important to check the terms and conditions in order to fully understands if they are fees applied or how long would it take for you to withdrawal your money.