As a casino player, your attention is always on how to break even by playing high-quality, entertaining games. You might even join multiple online casinos trying to find good games and bonuses.
Finding entertaining slots and card games is great. But you also need to figure out how to deposit money to casinos safely. This way, you can be certain money will reflect into your casino account quickly. And if there are issues, your payment provider will come to your rescue.
In light of that information, these are the safest ways to deposit money at online casinos:
PayPal is arguably the biggest digital wallet in the world. Available in 200+ countries, PayPal supports more than a dozen languages 10 million merchants and has 300 million customers.
Although big and popular, PayPal takes security safely. First, it features end to end encryption, which means your personal information is encrypted while using the app. Then it has 2-Factor Authentication and data protection policies.
When you make a casino deposit through PayPal, you can be certain of several things. First, the casino is genuine. That’s because the e-wallet chooses online casino partners carefully, picking top-rated operators only.
Additionally, PayPal has a service called One Touch meant to limit the number of casinos with access to your banking data. Then there’s PayPal chargeback-you can ask for a refund if you discover that a casino you sent money to is a scam.
Bank transfer is one of the oldest payment methods in the word—launched by Western Union in 1872. These days, wire transfer also operates online to help with casino deposits or any other form of payments.
Wire transfer is a safe payment method as long as you find a reliable casino and you confirm the payment details. It involves transferring money from your bank to the recipient, eliminating hackers or other unwanted parties.
That said, the traditional way of transferring money takes time. It could take up to a week to deposit money to a casino, which is painful and inconvenient. Luckily, there’s a solution: Netbanking.
Netbanking as a casino payment method is incredibly popular in India. That’s because it’s safe, fast (takes a few minutes or hours to process) and you can use Indian Rupees instead of foreign currencies. Another underrated bonus is that you can earn a bonus from top Indian casinos.
3—Visa or MasterCard
If you’re ever in doubt on which payment to use at online casinos, get a Visa or MasterCard. Nine out of 10 online casinos support either of the aforementioned providers.
Although they’re different companies, Visa and MasterCard work in pretty much the same way. They partner with banks and credit card companies. You receive a card that takes money out of your bank account. Or you get money as a loan from a credit card company.
In light of that information, both MasterCard and Visa have iron-clad security measures. For example, they both use chip plus pin protection techniques to secure your cards.
Next up they monitor your cards 24/7 for suspicious activities. If that’s not enough, they also protect you from losses if someone steals and empties money from your card.
In the casino space, Visa and MasterCard aren’t the fastest payment options. You get faster payments from PayPal. However, these two credit/debit card providers work with hundreds of online casinos. This makes it easier to find a Visa/MasterCard casino compared to any other payment option.
If you own a smartphone, chances are it runs on Google’s android or Apple’s iOS platform. It also means part of your phone’s security is provided by either Google or Apple.
Either way, these two gigantic companies lead in matters to do with innovation, security, and lately, banking. Both companies have digital wallets aimed at reducing PayPal’s market share.
The only downside is that Google Pay and PayPal are not in as many countries as PayPal or Visa. Otherwise, they provide security through end-to-end encryption, passwords and 2-Factor Authentication.
Like PayPal, Google Pay and Apple Pay are choosy companies. If they partner with a casino, it’s because they gambling site is genuine, trustworthy and safe.
5—Skrill and Neteller
Skrill and Neteller might not be as popular as PayPal. But guess what? These two companies launched with the primary goal of facilitating payments to casino fans. They both launched in the early 2000s but are now owned by the same company—Paysafe.
Because they come from the same management, Skrill and Neteller operate in a similar way. You need a MasterCard for deposit although you could also use crypto and a few other e-wallets.
After you add funds to your account, you can then deposit money to loads of online casinos. For clarity, Skrill and Neteller support more online casinos than PayPal, Google Pay and Apple Pay.
6—Bitcoin and Altcoins
Bitcoin, the high-flying cryptocurrencies launched in 2009 is a popular payment method for online casinos in 2022. It uses a system of storying records known as the blockchain to process payments from one Bitcoin owner to another.
As a result, the cryptocurrency does not require an intermediary like a bank. If you send money to a casino, you’re sending it from your wallet to the casino’s account.
The lack of an intermediary was supposed to eliminate fees. Surprisingly, you need to pay miners’ fees for your BTC payment to be processed. For the uninitiated, miners are people with advanced computers that solve complex math problems to verify bitcoin payments.
Bitcoin’s blockchain can’t be hacked. It can’t be altered and is transparent. Due to that, it’s one of the most secure payment methods today. Beware, though, it’s neither the cheapest nor the fastest cryptocurrencies.
In other words, Bitcoin is imperfect. And as a result, it has inspired the creation of faster, cheaper and yet secure digital currencies like Ethereum, Solana, and Polkadot.
Should you deposit money through Bitcoin? As mentioned, crypto is safe. However, ensure you also find a casino. Crypto payments can’t be reversed. If you send funds to the wrong address, you risk losing it forever.