Updated: July 8, 2020

The Best Payment Methods for Online Casinos

Online casinos are one of the world’s fastest growing markets right now and the number of new online casino sites increases every year. As the casino market has rapidly increased in size, so have the number of payment methods available to players.

If you are a regular online casino player, it is good to know about the various deposit and withdrawal methods and the rules and fees that apply to each. We at Casinomir have therefore compiled a list of the best and most popular payment methods in the online casino industry.

Payment Methods for Online Casinos

Payment MethodTypeFeeGradeReview
American Express
Bank Transfer

Deposits and Withdrawals with E-Wallets

On this page, you will find a complete list of all the best payment methods accepted at online casinos and you can read comprehensive reviews about each method and compare them to each other. 

E-wallets are by far the most popular payment method at new online casinos today and are usually the best option for players. Their main advantage is security. When you have an e- wallet account you can protect your personal and financial information from third parties.

In addition to this, if you have several credit cards, you can connect them all to a single e-wallet. Now you have multiple sources of money linked to just one anonymous account and your personal and financial information is well protected. 

Some of the most popular e-wallets are Neteller, Skrill, and PayPal. PayPal is extremely well known, but this payment method is not that common in the online casino industry yet. When it comes to casino bonuses and free spins it doesn’t matter which payment method you choose.

E-wallets are by far the most popular payment method at new online casinos today and are usually the best option for players. Their main advantage is security. When you have an e- wallet account you can protect your personal and financial information from third parties.

Deposits and Withdrawals with Debit/Credit Cards

Sending money to online casinos via credit or debit card is very easy. This was by far the most common payment method at online casinos a couple of years ago. But, as we mentioned, e- wallets are now the most popular payment method.

If you choose a credit or debit card as your payment method, you will need to fill in the information that is printed on your card, including your name, card number, CVV-code, and expiry date. 

Once you have filled in all the information on the card, just choose the amount of money that you want to deposit or withdraw. The most widely used credit cards in the online casino world are VISA, MasterCard and American Express. If you want to make a deposit with a credit card, just navigate to the deposit page at your online casino.

Choose credit card as your preferred payment method and indicate which type of card you have. The deposited money will appear on your online casino account immediately. The fee for credit card transactions varies from casino to casino.

Which Online Casinos Accept my Payment Method?

Before you start playing at an online casino, go to the payment setting page. Here you can see all the available payment methods, like e-wallets and credit cards. Every casino has different payment methods and many casinos only allow deposits form certain types of accounts.

Make sure that you know which payment methods are applicable before you start playing. The fees for the different methods also vary between casinos. 

Each method has its advantages and disadvantages and you can find out more right here on Casinomir. In our payment method review, you can read all about each method, how it works, what the advantages and disadvantages are.

All payment methods work differently and the fees, as well as the deposit and withdrawal times, vary greatly. One very important factor to consider when choosing a payment method is the level of security. This is one of the reasons why e-wallets are so popular.

What is important when selecting a payment method?

It’s very important that you choose a payment method that you can trust. Online security is of paramount importance, especially when it comes to financial transactions. Many online payment methods have the same requirements as banks, which means that they are extremely safe.

Another very important factor to consider when choosing a payment method is the fees. The fees vary from casino to casino and between payment methods. Make sure that you know and understand the fee structure before you start playing.

Which Payment Methods are Safe and Secure?

All the of the payment options that we recommend at Casinomir are safe and secure. Some however, are safer than others. As an example, if you lose your debit or credit card someone else can use your credentials. Other payment methods like e-wallet requires a personal password which makes it a lot harder for people to steal your money. The great thing with e- wallets is that you don’t have to hand out any personal or financial information to a third party, making them the safest payment method at the moment.

Which Payment Methods are faster?

E-wallets are generally the fastest payment method at online casinos. They are designed for instant use and they are fully optimized for speedy deposits and withdrawals. However, credit and debit card payments are also very quick. The answer to this question is that it depends on which online casino you are playing at.

Should I Choose an e-Wallet over Debit or Credit Card?

It comes down to personal preference. Some people prefer not to share their personal and financial information with a third party. For these people, e-wallets like Neteller and Skrill are great alternatives. However, others prefer to stick with what they know and trust, and debit and credit cards are easy and simple to use.

Do I Need to Own a Credit Card?

You don’t need to own a credit card to make deposits and withdrawals at online casinos. E- wallets like Neteller or deposit cards like Paysafecard are currently extremely popular payment methods at online casinos.

How are Casino Winnings Generally Paid?

Winnings are generally paid back in the same way as you made your deposit. However, for some payment methods, like Paysafecards, it isn’t possible to do a withdrawal and some online casinos only permit deposits from certain payment methods but not withdrawals.

If you used a credit card to deposit money you might only be able to withdraw the same amount. Every casino is different, so before you start playing, make sure you familiarize yourself with all their various deposit and withdrawal options.

Does my Location Dictate the Choices I Have?

Different countries have different regulations and laws governing online casino payments and this will affect the payment methods that are available to you.