Online Casino Payment Methods
Online casinos have become increasingly popular (especially in recent years) and have attracted new players as a result. This development is also reflected in the offers of the providers: not only do players have more choice in terms of online casinos and the games offered, but there is also a significant increase in the options for payment methods.
A good online casino should therefore provide you with a wide range of payment methods. Thumbs up to that! Traditional payment methods, such as credit cards and bank transfers, are still among the absolute favorites. New and modern payment methods have joined these well-known and proven methods: among them you will find e-wallets, mobile payment methods and cryptocurrency billing, but more on that later.
Our GambleBoost team has put together a few tips and tricks and of course explanations for all the new and also the well-known payment options on this page. If you have any further questions, it is definitely worth taking a look at our wiki, in which we answer many questions about the individual payment methods. You are also welcome to create a thread with your new question in the GambleBoost forum. Our GambleBoost community will surely help you with words and deeds!
Let's start our GambleBoost list with a well-known payment method: the credit card.
Anyone who opens an account at a bank or online bank is sure to be asked: Do you want a credit card? Depending on your creditworthiness, the credit card provides you with a monthly financial framework of €1,000 up to several thousand euros.
The special thing about the credit card: You can use it online or on site worldwide without any problems. As a rule, most transactions are free of additional costs. GambleBoost tip: Nevertheless, we recommend that you check the terms and conditions of your online casino and your credit card, as costs may arise in some cases.
All sales or costs are summarized monthly in a monthly statement. This monthly statement is then due in the following month. Since you do not have to pay your bill immediately, you use your credit card to buy your purchases on credit, hence the name credit card. The financial framework determines how much you can buy on credit per month.
You can also use this advantage in your favorite casino: Playing is therefore possible on credit. Credit card deposits are credited instantly and processed quickly. Note that the deposit is then due the following month.
Another advantage of the credit card is that it allows you to make payments in different currencies, but also to pay out winnings to your own bank account. This is not possible with most payment options. Please note that withdrawals usually take two to five business days. What is also an advantage: credit card payments and transactions are secure thanks to modern SSL encryption.
Of course, when choosing a credit card, there is not just one credit card, quite the opposite: more and more providers are offering customers credit cards. The most popular remain big names, such as Mastercard and Visa or American Express.
As the name suggests, these transfers happen in real time. So good news if you want to deposit cash to your casino bankroll instantly! Unlike a standard bank transfer, the money is credited to your casino account immediately (in the case of a bank transfer, you have to wait between two and five days). GambleBoost tip: Please note that this payment option can only be used for making deposits, withdrawals are made via bank transfer.
You're probably asking yourself: What is the easiest method to carry out a real-time transfer? Just log into your online banking and confirm the transaction – and that’s basically it!
There are also real-time transfer providers who take over the security and guarantee for the transaction for the duration of the transfer from your bank account to the online casino account. By far the most popular providers are Klarna, Giropay and Trustly. Klarna even offers installment payments.
This practical payment method can be used on any mobile device. As a rule, all you need is an app in which all transactions are initiated, approved and saved.
Like many other payment methods, mobile payments also offer real-time transfers.
These payment methods often use two-factor authentication, which makes them particularly secure. Whether Revolut, ApplePay, GooglePay or Zimpler, they all work perfectly from home and away.
Please note that these payment methods are linked to your bank account by credit card.
If you don't want to get involved with all the new modern payment methods, that's no problem either: The good old transfer from or to your bank account will do the trick!
Although this transfer method does not have a real-time option, it is available in most online casinos and has been tested again and again. A transfer can take about two to five working days.
Another plus: bank transfers often have higher limits, which means that depositing and withdrawing larger sums is absolutely no problem.
As the name suggests, prepaid cards offer you the opportunity to buy a voucher or a card in advance in a shop or on the internet. You can top it up with a certain cash amount and use the card to pay wherever you want. It's as easy as it gets!
If you do not want to share your personal information and data with a casino for data protection reasons, these cards are ideal for filling your own casino account anyway! GambleBoost tip: It should be noted, however, that this payment option can only be used to make deposits. Should a payout occur, the amount must still be paid out to a bank account or using another payment method such as an eWallet.
The big plus of the prepaid card: You always have an overview of the deposits made. Once the credit has been used up, the card automatically becomes invalid. In addition, this method is particularly secure because it does not store any access data for bank accounts or online banking profiles and therefore does not allow access to any financial resources.
It is also practical that you can buy prepaid cards via online banking, EC and credit cards and even with cash. In the online casino you will then be asked to enter a 16-digit PIN when making the payment. You can find it on the back of your purchased prepaid card. The paysafecard is the most popular prepaid card. There are also Neosurf, Cashlib and many other providers.
EWallets are electronic wallets that store your money online. This type of wallet is particularly popular because it guarantees the security of transactions and the privacy of players. Players have the option of connecting their credit card or bank account to an eWallet. Therefore, both deposits and withdrawals are possible without any problems. There is also the option to top up the wallet by bank transfer or prepaid card.
PayPal, Skrill and Neteller are particularly popular among electronic wallets. There are also ecopayz and WebMoney, which are also very popular. GambleBoost tip: It is definitely worth taking a look at the terms and conditions, as transactions via eWallet are often associated with additional fees.
A big plus: eWallet transfers are real-time. You can fill your online casino account with credit and start playing immediately!
In addition, you can not only store amounts in different currencies on your electronic wallet, but also cryptocurrencies.
While all other payment methods should be familiar to most, cryptocurrencies continue to be a novelty among the many options.
However, cryptocurrencies are increasingly convincing more and more players with their additional data protection, anonymity and speed of transactions. The transfers are also encrypted, which guarantees the anonymity of the players.
Nevertheless, watch out: Cryptocurrencies rise and fall in value like all other FIAT currencies. Therefore, you should pay particular attention to the current value of the currency when paying out. A payout is often only possible after the amount has been converted into a FIAT currency of your choice.
Cryptocurrencies are mostly offered in online casinos with a gambling license from Curacao. The best-known cryptocurrencies are Bitcoin, Ethereum, Litecoin, Ripple and Dogecoin.
Can I choose my own payment method in the online casino?
Of course! You can choose a payment method that suits you and your playing style best. Choose from the selection provided by the respective online casino. As soon as you initiate a deposit or withdrawal, you will be asked to choose one. Our GambleBoost Tip: Check out the Casino Terms and Conditions to learn more about the payment options offered.
Can I use multiple payment methods in online casinos?
Sure! Often this is even necessary, since not every payment method can be used for both deposits and withdrawals. In general, if the selected payment method allows it, you should always withdraw using the payment option you used to deposit.
Are online payment methods secure?
Reputable online payment providers use two-factor authorization for all transfers. Therefore, these types of transfers are secure. Nevertheless, you should also familiarize yourself with the online casino and the terms and conditions in order to choose a safe and reputable provider.
Do I have to do an identity check?
Yes, this is mandatory in every reputable online casino. The process itself isn't a big deal either: all you have to do is send in the required documents to verify your identity, your place of residence and your bank account. You will often receive the request via support, but you can also contact support yourself and carry out the identity check immediately.
Caution: Make sure that the online casino is a reputable provider. This is particularly important because you are passing on personal and confidential data to them. The verification of your documents usually takes 24 hours, but a maximum of a few days.
Does the payment method affect my bonuses?
Could be the case - there are bonuses that are unlocked by the online casino as a reward when a specific payment method is chosen for deposits and withdrawals. GambleBoost Tip: At the same time, some bonus promotions may not be available for certain payment methods. Cryptocurrencies, for example, are often not accepted.
Are there limits for deposits and withdrawals?
Every online casino can set its own limits. The minimum amount for deposits and withdrawals is often between €5 and €20. There are larger deviations in the maximum amount, but it is usually set to a few thousand euros.
Furthermore, payment limits of the respectively selected payment method must be observed as well. There can be limits for the amount or even general, time limits.