Online gambling is inevitably connected to money transactions. Players should invest and bet real funds to win real prizes. Thus, both-way money transactions are a common practice for gamblers. Gambling websites support multiple payment systems. So, below, let’s list what banking methods players can use when developing careers at an online casino and clarify all the related issues.
Each online casino has a unique set of accepted payment methods and other conditions. Still, most options coincide and are rather similar.
TOP-5 Payment Methods at an Online Casino
When trying to top up or withdraw money, most casinos offer the following payment options:
1. Bank cards (both credit and debit). Depending on the served region, American Express, Visa, PayTM, Mastercard, etc. are accepted. Cards are usually valid for replenishments only.
2. Vouchers. These are prepaid cards like Paysafecard and NeoSurf. This option is available for deposits only.
3. E-wallets. This group embraces multiple options, including WebMoney, Skrill, PayPal, Neteller, etc. These systems are valid for both top-ups and cashouts.
4. Bank wires. It is a common banking method for processing withdrawals. Although its terms are not very favorable, in some cases, it is the only accepted option to cash out funds.
5. Crypto. This option is a new one; yet, it quickly develops. More and more casinos adjust their websites to process Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The payment method is supported for both deposits and cashouts. The system is considered the fastest and the most secure for online money transfers.
Such a great variety of supported banking options allows casinos to satisfy the needs of all players and make online gambling more convenient.
Other Requirements for Money Transfers at an Online Casino
Besides payment systems, there are also other aspects that gamblers should keep in mind when selecting an online casino. Here they are.
Transaction Limits
In most cases, casinos set a minimum deposit limit of about $15-$30. Max replenishments are not limited.
As for withdrawals, here, more limits are set, and they differ drastically. Minimum payout size differs, depending on the payment method. For example, if gamblers withdraw money via bank wires, $100 is the minimum, while $25-$50 is accepted for e-wallets and crypto.
Maximum limits for cashouts are set per day, week, and month. They can reach several thousand dollars. Note that limits are increased and set individually for loyal and VIP players.
Processing Time
Online casinos process deposit transactions instantly. Money is credited within a few minutes.
As for cashouts, all withdrawal requests are processed within 24-72 hours. Further, they are redirected to specified payment system providers. The whole processing period depends on the selected payment provider. Thus, the following periods are usually taken:
– 2-3 hours for crypto;
– 2-4 days fore-wallets;
– 7-10 days for bank wires.
Fee
Online casinos do not charge fees on transactions. However, it is not the case for payment systems. So, study the policy of the chosen payment method to find out the fee size.
Guarantees of Transaction Security at an Online Casino
The following security measures are taken at an online casino to prevent hacking and guarantee security and user data confidentiality:
– 128-bit encryption algorithms;
– DCI SSL protocol compliance;
– 3D secure;
– SMS verification.
Online casinos offer a wide list of payment systems to meet the demands of all clients. They guarantee the highest level of security and fair transactions. Thus, players are not afraid of transferring money.
