The ability to deposit and withdraw our money quickly and securely is one of the most important features for any online casino player – and rightly so. A quick turnaround in transactions not only allows players to receive their winnings faster, it also directly benefits the casinos themselves.
When funds are received with minimal hassle, players naturally have more confidence in the level of service on offer, and therefore find themselves more likely to make their next deposit sooner rather than later. One thing’s for sure: the days of only being able to deposit and withdraw funds directly from a credit card are getting further and further behind us.
Guide to Different Kinds of Casino Payment Methods
There are now a huge range of payment methods available to players in the top casinos in NJ, so many in fact that it can often be a little overwhelming to see them all listed side-by-side in the deposit section. It’s definitely good to be aware of every option so you can choose the perfect method that works for you. That’s why we’ve created this useful guide on the many different ways to manage your casino deposits and withdrawals – let’s get to it!
Bank Transfers and Cards
Despite the multitude of options now available to the modern gamer, the most popular way to deposit and withdraw money to your online casino account is still via bank transfer or card transfer. Cards such as MasterCard, Visa and American Express are widely accepted across almost all online casino operators, each offering a secure and convenient way for players to send and receive funds. It’s also often possible to set larger single deposit limits for bank transfers and credit cards compared with other methods of payment.
The standard processing time of 3 to 5 working days applies for most credit cards, although this can often be shorter or longer depending on the exact type of card used and the volume of traffic that an operator is experiencing at any given time. Another thing to bear in mind is that high-quality support from your bank is often available in the event that anything goes wrong. This is just another reason why so many players opt to use their credit or debit card when depositing and withdrawing casino funds.
The popularity of electronic wallets – commonly known as e-wallets – has skyrocketed in recent years, mainly due to the fact that people worldwide are spending more and more money online. The demand for speed, security and convenience has also been growing, something which has fuelled fierce competition between the numerous e-wallet providers battling for market supremacy.
For those who are still yet to get up to speed with this form of payment, an e-wallet is effectively a form of electronic cash that can be used to purchase and transfer money online via your PC, laptop, smartphone or tablet. It’s linked directly to your bank account, allowing you to access, send or receive money within just a few clicks.
If you’re a regular online casino player, an e-wallet might help to speed up your deposit and withdrawal times. When withdrawing money in particular, it generally takes less time to withdraw money from your casino account to your e-wallet, and then transfer those funds from your e-wallet to your bank account – often within just an hour or two, in fact. Common e-wallet providers include: PayPal, Neteller, Skrill, Apple Pay, EcoPayz.
At the moment, electronic wallets are widely available as a form of deposit across many online casinos, though not quite as widely available compared with credit cards and bank transfers. However, given the sharp rise in e-wallet users over recent years, many online casinos are now investing heavily in adding this payment method to their list of available options. There’s no doubt that we’ll see the availability of e-wallet deposits and withdrawals continue to grow rapidly over the coming years.
The world of online casinos is one defined by continual innovation. As such, it’s only natural that many operators have already begun to embrace cryptocurrency as a valid form of payment from their members. For those that have already invested in these new forms of money, the ability to play their favourite casino games is a huge attraction.
The added levels of security is also a big plus. Cryptocurrencies offer people a unique method of decentralized payment that encrypts the transfer of money and adds an extra layer of security to any transaction. It’s no wonder that more and more cryptocurrencies have gradually become available as a legitimate way to of deposit and withdraw funds among the more progressive online casinos out there.
There are a growing number of dedicated cryptocurrency casinos that now offer players the ability to fund their account with BitCoin, LiteCoin and Ethereum, to name just a few. However, it’s important to bear in mind that the vast majority of casinos still haven’t included this form of payment as a viable method of transfer. Because of this, players may find that casinos that offer the draw of cryptocurrency deposits are unable to compete in terms of selection of games available at more well-known casinos.
The most important thing is that you select a payment method that is safe, secure and convenient for your personal situation. Certain factors differ from person to person, of course, though it always pays to manage your deposits and withdrawals through a reputable source that you have absolute trust in.
If you’re unhappy with specific aspects of one payment method, the beauty is that you have plenty of alternative options that you can now choose between. It’s worth checking the processing times of each of these options to ensure that you’re able to receive secure payments as quickly as possible.
All of the payment options we’ve discussed above are from authoritative sources with a long-standing reputation for providing a secure service in their own right. That said, there can sometimes be a slight trade-off between extra layers of security and convenience.
For instance, e-wallet services like PayPal allow users to make payments via a simple one-click interface; you are not required to enter a password each time in order to transfer funds. Whilst the PayPal service is still very secure and rightly trusted by the internet community, it clearly doesn’t require the same level of security verification as some other services and credit cards, many of which require a long-form security password to be entered every time a transaction is made.
Whatever you do, you should only use well-known and recommended providers if you want to avoid bad service, fraud and identity theft.
E-wallets are ostensibly the fastest payment method of withdrawal. This form of transfer has been specifically created to allow instant online transactions, so they generally involve much shorter processing times.
That said, credit and debit card transactions aren’t too far behind. Providers are obliged to state processing times of 3 to 5 working days as standard, though it’s often the case that payments are processed within 2 to 3 working days.
This really does depend on your individual preference. Many people these days have become accustomed to using e-wallets to pay for all manner of online transactions, not just when it comes to depositing and withdrawing casino funds.
Providers like Neteller and Skrill are good for people who feel a little uncomfortable when it comes to typing in their personal bank details each time they make a transaction.
That said, many other people are completely accustomed to using their debit or card, and may have even memorized their details off by heart, something which adds to the convenience and ease of inputting information.
Absolutely not. It used to be the case in years gone by that funds could only be transferred to and from your account via a credit card, although that’s definitely not the case these days.
There are now a huge range of alternatives to choose from, all of which we’ve described in detail on this page. Have a read and see which method works best for you!
If you are experiencing issues when depositing money from your bank account, credit or debit card, you should contact your bank and card provider directly to resolve the problem. It may be that the deposit amount is being queried, or the details of the recipient aren’t immediately recognised by your bank.
In most cases, there’s nothing to worry about; it’s usually just an extra layer of fraud protection in place to protect your identity.
If you have a problem with withdrawing funds from an online casino, you should contact the casino support team directly to discuss the issue. They will be able to provide you with an update on what stage your payment is at, whether it has been verified, requires further proof of user identification or has already been processed.
It’s important to check the terms and conditions of the online casino you are using. Most of the bigger brands don’t charge their players to transfer funds, though are a few smaller casino companies that still charge a small percentage on every transaction made.
A good idea might be to get in touch with the customer service, which now is always available also by chat live or e-mail to have a confirmation about weather you need to pay or not for these kind of services.
No need to say that it is always better to choose casino payments options that are safe and secure, and on top of that, if they are free of charge, it’s even better.