Since cashing out is something every casino player is interested in we figured it makes sense to cover that first. To ensure a safe and smooth transition of your funds a mandatory and specific process is set in motion.
The image below gives you more insight in every possible step of the cashout process, how responsibilities are divided, what the Gambling License requires us to comply to and what time frame has to be taken into account.
Everything you need to know about payment and withdrawal on online casino
Unfortunately, there isn’t one universal payment and withdrawal method (yet). Though Bitcoin comes close, on which more later. Some payment methods are not operating in certain countries, some legislation prohibits players from playing on an online casino all together. Some payment methods can’t be used to withdraw money and some payments method takes longer processing than the other. In short: there is a lot you can say about the subject, a lot you can learn and a lot to profit. And that’s exactly what we are going to do in this article!
Different sorts of casino payment methods
There are many different payment services that online casinos use, and they all fall under a certain category. We are gonna discuss the different categories and how they differ from one another. Then we’ll see what service goes where. What service suits you best is entirely up to you! Whatever you decide to use, remember to always have insight on your spendings!
As the internet evolves, the online casinos evolves with it. Good casinos (yeah, we like to think of ourselves this way) offer a fully responsive mobile version. There are a couple of requirements for a mobile casino to be successful. First of all, the casino needs to be fully responsive. Second, it requires an insta-play approach. Meaning you don’t have to download any software to play, but your information is still secure (SSL-Encryption). Last but not least, a mobile online casino requires mobile payment and withdrawal methods.
The most traditional, and one of the easiest ways, to pay with your mobile phone is simply by putting the costs on your phone bill and pay through your operator. This is a very convenient way of playing on an online casino or sportsbook with your phone. The only danger lies in that you don’t have a good track on your spendings. If you are choosing for mobile billing casino payment, make sure you record your spendings somewhere so that you won’t get bit at the end of the month. Remember that MobileWins is fully operative on your mobile! This means you need nothing besides your mobile phone to play and pay!
PayViaPhone is an app that serve as a gateway between your bank and the casino. With a simple press on the touchscreen you can submit a deposit, making this one of the most convenient methods of casino depositing. There are really not a lot of disadvantages to this system. There might be small fees involved using the service, but they will always be shown in the terms and conditions
Credit Cards have been around for a long time, when the internet was just some NASA experiment and casinos were only based. And the fact they have been surviving for so long must mean they are doing something right. And your right, they are. Most notably VISA and Mastercard stand out for being accepted worldwide and having very good insurances on your spendings.
They keep track of businesses that might fraud you and blocking payments, and got your back when a company that owes you money goes bankrupt. Read terms and conditions of your particular card of course. The main selling point for casinos and credit cards is that it is a worldwide collaboration. So wherever you are, as long as you have a credit card and your government isn’t blocking the internet: you can play slots and table games!
If you have an online presence, then why not having an online wallet? The idea is simple; you transfer money from your bank account to your e-wallet and you can use your money for whatever you like to buy online. For instance, playing on a casino! You can keep track of your spendings and can’t spend more than there is money in your wallet. A downside is that there are fees for every transaction, usually a fixed price and a small percentage of the total transaction.
Neteller offers multiple services. For instance exchanging currencies, shipping products and buying online services like casino deposits. The fees differ per service, but are all mentioned on their website. If you want to use an ewallet like Neteller just for online casino play, then a credit card is probably more practical. Do you want to use multiple services, that is where Neteller really starts to shine.
At a rate of 1,45% per transfer, Skrill offers instant and totally secured payments and withdrawals. Skrill is popular in the casino business, even advertising with ‘withdrawal your winnings’ from your Skrill account to your bank account. Making an account is easy and you will get a nice overview of your balance and spendings, simply on your phone!
Elon Musk’s first big hit! This is the product that labeled him a genius. Secured payments worldwide all at low fees. PayPay is the perfect payment method for playing at an online casino. We are happy to offer you the PayPal Casino Payment Method!
One of the most direct and easy ways to transfer money is by bank transfer. Now that most banks in Europe use IBAN, the process time has been cut in half for transferring money to a bank in another country. Something that caused a lot of frustration back in the day. Still bank transfer casino is one of the more slow payment methods, taking up to 72 hours.
What casino deposit method do you choose?
As you can see listed above, we even offer many more than the ones we discussed! Credit Cards, Wire Transfer, Neteller, PayviaPhone, Paysafecard, Trustly, iDeal, Skrill, Sofort, GiroPay, Euteller, WebMoney, Qiwi, Zimpler, Ecopayz and Fast BankTransfer! That’s more than 15 methods in total! If you need more information on these methods, simply click on the info button. Now that you know everything there is to know about deposit and withdrawal methods, choose your favourite! Once you found a payment processor that you come to like, we advise you not to switch. This saves a significant amount of time on your withdrawals! Identity verification and payment processing are really important, but at the same time you just want to spend as much time on your favourite games as you can!
If you have any problems with depositing funds, don’t worry, you can contact one of our highly trained customer services people 24 hours of the day by email, phone or online chat – Contact Us.