What Are the Safest Payment Methods in Online Casinos – 2023 Guide
Whether you like it or not (and we are sure you do like it), online gambling is becoming part of the everyday routine of many people. If you are one of them, then you know how this world can be entertaining and interesting. Despite that, you can also earn money potentially if you develop some appropriate tactics and strategies.
However, are there things you should worry about? Yes – your own protection! The first thing you should check out is whether the casino you decided on has a license. This is a confirmation that everything around the gambling site where you plan to enjoy games is legit and legal. After you determine this fact, another thing you should put into consideration is the safest payment methods for online gambling.
In today’s world, you can literally find thousands of different payment providers that will seem legit at first glance. However, that doesn’t mean all of them are equally good and safe. Because of that, we would like to highlight a couple of them and try to protect you from any type of issue that could suddenly appear. Let’s go!
We will start with one of the most popular electronic payment methods in the world. People can use it to purchase items online, subscribe to different services, etc. However, people also use them to deposit or withdraw money from and to their gambling account.
There is a good reason why we decided to place PayPal in the first place on our list. This payment provider will never collaborate with a casino that does not have an appropriate license. Because of that, if you see Paypal as one of the options in some of the casinos online, you can be sure the gambling site is legit and legal.
You will not have to wait for a long period to get your money. It usually takes around 24 hours to complete the withdrawal process. It doesn’t matter how much money you have in your bank account, but you will definitely experience some expenses when you withdraw money to your bank account. Currently, that fee is 1% and it can go up to $10.
Generally, we only described a few details that you should know. However, if you want to know more about the Paypal payment and withdrawal details, you can go here for more information after reading this article. There you will find all the details important for you.
If you are looking for a payment method that is acceptable in almost all casinos around the world, then VISA is the provider that deserves your attention. You will hardly find a casino online that will charge users that use VISA. However, you can always check out the terms and conditions of the casino that you chose to confirm that.
Anyway, there are a couple of things you should know. If you decide to use VISA to make a deposit, then VISA is the only option you have to withdraw money. So, let’s say this is some sort of disadvantage for some people, but most players will use the same payment method for both procedures.
We will continue this list in the same manner. When we talk about popular debit cards, then MasterCard is in second place among the most popular ones. When you look closer, it is quite simple to VISA because it has almost identical pros and cons. Some of the main advantages are speed, simplicity, and availability. You won’t find a professional casino that is not offering MasterCard as a payment method.
However, there is one thing that we need to say for both. Don’t expect to get your cash immediately after you click the “transfer” button. You will need to wait for approximately three days to get the rewards you honestly earned. In case you transfer your money on, for instance’ Thursday, you will need to wait for three days + weekend. So, we strongly recommend you start the procedure on Mondays or Tuesdays. That is the only way to be sure you will get the cash by the end of the work week.
Skrill and PayPal are like Real Madrid and Barcelona. They are both good, and it can be hard to determine which one is better. Skrill is, without any doubt, completely safe, and most casinos will accept it as a payment option for withdrawals and deposits. Of course, keep in mind there are certain fees that you need to cover, but they are not too high. Besides, you may manage to find casinos that are willing to cover the costs for you. Unfortunately, the number of those casinos is relatively small.
Okay, this is not something Americans have to read because this payment provider is not US-friendly. However, it can be an excellent choice for all the Americans that potentially live in other parts of the world. All the transactions made by Neteller are quick and safe. Just like in the previous case, you will need to cover certain costs. For example, currency commission is a bit over 3%. However, there is also a chance you will potentially manage the so-called free Neteller casinos.
There is another thing that we have to say about this provider. The main benefit of it is the ability to keep your privacy almost completely. All you have to share with the casino is your Neteller account ID. That will be enough to register in many cases.
Last but not least – Bitcoin
Finally, you need to understand that technology is improving daily, and many gambling sites are aware of that. That is the reason why they are trying to make a more comfortable gambling experience for their customers by allowing them to make crypto-based deposits.
The number of these casinos is still not big, but there is a big chance more and more of them will accept Bitcoin as a legit payment method. The good thing about Bitcoin is that your money will be available to you for a couple of seconds (or a bit longer in some cases, but never more than 90 minutes). On the other hand, banks and other institutions do not participate in the transactions, so the fees are relatively low (in some cases, they won’t even exist).