Casino payment options

There are several vital elements to consider when selecting a payment option for online gaming. Let’s quickly run through them now:

• Safety. As we’ve already highlighted, rising financial fraud means that security is more important than ever.
• Speed. We all want to start playing as quickly as possible and, if we’re lucky enough to win, we expect prompt payouts.
• Convenience. Nobody likes a slow and clunky interface; simplicity is the key to a great user experience when making payments.
• Limits. Certain banking options impose withdrawal and deposit limits for a given period of time.
• Fees. While many casino payment options are free, some charge hefty processing fees.

How to Choose the Best Payment Methods for an Online Casino?

Now that you understand what to look for in your banking options, how do you actually find that information? Well, you can start by following the advice below!

A great place to begin is with the casino’s gaming license. The best sites are authorized to operate by well-respected regulatory bodies. And the most trustworthy payment processors will only work with reputable, properly regulated casinos.

Examples to look out for are the UK Gambling Commission, Malta Gaming Authority, and the New Jersey Division of Gaming Enforcement. These apply some of the toughest regulations on the planet. If your casino falls under their jurisdiction, chances are they’ll be carrying out financial best practices.

The majority of online casinos list their payment options on their website, along with useful information like processing speeds. That way, you can get an idea of how long your deposits and withdrawals will take before you even register.

If they don’t offer such information, you can speak to customer service or simply sign up anyway. Most casino companies display the information on their cashier page, accessible to all registered casino account holders.

You often can’t tell how easy a casino’s cashier facility is to use until you actually try. But you can always do your research ahead of time by checking out gambling site reviews on the internet. If it’s not easy to transact, you can be sure that other players will be complaining!

One thing you can easily check for yourself, though, is accessibility. Even if they don’t list full details of their payment options until you log in, you’ll see logos in the website footer. This gives you an indication of the banking methods you’ll have access to.

This information will usually be listed on the same page of the casino’s website as the processing speed. If it’s not, the same advice applies. You can consult the live chat agents, send an email or simply sign up and log in to access the cashier.

If you can’t find full details, a general minimum deposit and maximum withdrawal amount are usually listed in the Ts&Cs. In truth, most casino limits are fine for the average player. You only need to worry if you’re planning to move serious volumes of money around.

Again, processing fees are likely to be listed on a dedicated payments section of the casino’s website. And if not, you can search through the site’s terms and conditions or have a chat with the customer support team.

Watch out, though, because while most casinos don’t charge fees, the payment processor itself still could. Be sure to check the website of your preferred banking option as well to make sure.

How to Stay Safe When Playing at an Online Casino

Before you settle down to play your favorite casino games, make sure you read our top tips for staying safe online.

• Use a secure payment method

With no shortage of trustworthy, reputable payment options, there’s really no excuse for taking a risk. Properly regulated casinos will always work with major names like Visa, Mastercard, Interac, or PayPal. They have a long history of implementing the latest technology to keep you safe.

• Double-check the casino’s T&C

Read the terms and conditions properly to make sure there are no unpleasant surprises in store. You may not be allowed to request a withdrawal until you’ve completed your deposit bonus wagering requirements, for example. Also, make sure that reputable bodies like eCOGRA or iTech Labs have independently tested the games and payment gateways.

The most obvious way to keep your funds and sensitive data safe is to make sure you’re using a secure password. Include numbers, letters, special symbols and apply a mixture of upper and lower case text.

• Use two-factor authentication

Enabling 2FA adds an extra step to the login process, making it harder for would-be scammers to access your account. An SMS may be sent to your mobile device containing a code, or it might be an email.

• Don’t reveal your personal information to anyone

Identity fraud is a growing problem, so ensure that you don’t hand out your personal details willy-nilly. Keep sensitive information off the web, particularly social media. Don’t give out your details over the phone unless you’re sure that who you’re talking to is genuine.