Online Casino Payments Methods - A Complete Breakdown
Posted in Guides, Industry March 27, 2017

Payment Solutions in the Online Gambling World

Online casinos rely on different payment solutions to allow members the greatest amount of banking power, and because there are so many ways to make a transaction, the entire cash control process can differ from one casino to the next. When you check out a casino for the first time, what do you do? You check out the games page, right? Absolutely, because the essential point is you want to know what the casino offers in the way of entertaining, enticing titles. Your next stop is often the promotions page to see what kind of rewards you get as a new or loyal player. Only then, after you spot some great games and enticing promotions, you start thinking about banking solutions and the Terms & Conditions regulating them.

Terms & Conditions are always the last to be reviewed and why is that? Because, quite frankly, it can prove some dry, lengthy, and boring reading. But, the better you know the Terms & Conditions, particularly when it comes to banking and funding your account, the better off you will be. In fact, you might just find a little knowledge and a comprehensive understanding of the rules goes a long way when you are a casino gambler enjoying online entertainment.

Before Reading the Terms & Conditions 

Usually, when you visit an online casino, some of the leading types of payment the site accepts are presented in graphics along the bottommost edge of the landing page. It is there you can reap a wealth of information, long before you get into the more information-intense site regulations. Using 777 Casino as an example of this, if you visit the casino, you will spot just a few acceptable payment methods the site works with including MasterCard, Visa, PayPal, and iDEAL. It is important to note the casino has a much longer list of payment solutions available on their banking page and for the purposes of site navigation, only list some of the most popular methods of online payment.

In this same area on the site’s landing page, you will find information about site security and how they protect transactions from would-be intrusive entities. At 777 Casino, for example, the site relies on RSA public and private sophisticated key encryption technologies for transmitting transaction information. For added protection, secure servers are used, which, in turn, are further protected by firewalls. This is vital information as is mentioned later in this article when discussing site security.

Making Initial Deposits & Bonus Considerations

The typical method for depositing cash into a player’s account requires that you first register for a player’s account. You will make your first deposit when you establish the account unless you happen to be using a no deposit bonus offer, free chip, or bonus funds to begin playing games at the online gambling venue you choose. Most game software, whether online or downloaded as a casino suite that you install on your personal computer, allows you to enter a game lobby and to access banking options or a cashier’s section of the website immediately following the entry of your member name and password.

Once you choose the banking or cashier page, you can review the different depositing methods available. Choose one that will work best for you and follow the instructions when it comes time to fund your account. If you are availing yourself of any bonus codes during the initial sign up for membership, make sure you remember to enter in any promotional code you must have when depositing funds, if applicable. Some casino administrators are sticklers and will not reward the bonus if you do not use the promotional code when making a first-time deposit.

You should read the small print of any bonus offers you avail yourself of before thinking of funding an account. Some bonus offers that supply you with bonus bucks for a given period, but also add the regulation that if you deposit real funds before your time is up or you run out of bonus bucks, the bonus is rendered void the moment you fund your account with real cash. Just make sure you do not lose out on any bonus play because you are eager to begin real cash play. The same rules apply for sites where you sign up for membership and get free spins on a wheel; you can lose out on the bonus if you do not follow the Terms & Conditions associated with it.

Privacy Policies and Third Party Certifications 

Many sites collect your personal information when making transactions and through the use of cookies to track your interaction with the site’s games and offerings. It is your job to understand how this affects you and in what ways the site collecting information on your play behavior will use that information. More so, you want to make sure your information is not sold off to third party advertisers and the collected information remains confidential. The key to keeping your private information protected is to carefully review the site’s privacy policy so you can out how information about you is collected, used, and stored.

At the bottom of the landing page on many casino sites, you will find logos that indicate the various certifications a site goes through to ensure that gaming is fair and that transactions are secure. For example, eCOGRA is one such certification asserting that games are fair, the administrators of the site are equally fair, and the site keeps monetary transactions safe.

Before You Bank Your Money 

Sites will only accept those who reside in eligible countries and those who are 18 years of age or older. To find a list of restricted countries, you’ll need to view the Terms & Conditions, sometimes called the user agreement, to find out what locations are limited. While reviewing restricted locations, you can take a minute to find out what currency the site accepts as well. Some accept the US dollar even if players from the US are restricted from gameplay. Many casinos accept an array of currencies, so you will need to review site information to see if you can play in your favorite currency. Here at HitCasinoBonus you can go to our list of the best online casinos, and filter it by accepted currency, very useful! Casinos also have a host of transaction processors they can work with and offer you access to, but not all of these companies are equal in terms of flexibility or quality service.

Online Casino Payments - Secure Transaction Processing (PayPal)


Processors of Deposits and Withdrawals 

Explore the different deposit methods and understand immediately that just because you can fund an account with a certain depositing method, it does not mean you can use the same transaction processor for dealing with withdrawals. You must become familiar with the rules associated with the transaction processor of your choosing.

Bear in mind, not every transaction processor is available to everyone. For instance, Visa, MasterCard, EntroPay, Skrill, and Neteller, are available to all on a global level for funding an account and making withdrawals. But sites like ApplePay is open to UK members alone, and iDebit, an online banking transfer solution, is available to citizens in several countries. Meanwhile, PayPal is an online transaction processor that is available to those who reside in Sweden, Austria, Denmark, Finland, Portugal, Italy, Ireland, UK, Spain, and Germany when engaging in gambling pursuits. WebMoney works in a similar way online but is limited to members residing in Uzbekistan, Russia, Moldova, Lithuania, Latvia, Kazakhstan, Georgia, Estonia, Azerbaijan, and Armenia. InstaDebit is another e-wallet solution, just like PayPal and Neteller, allowing you to transfer money to an online account for funding your casino player’s account.

Online Casino Payments - eWallet Payment Solutions


Prepaid Card Solutions

Some casinos work with rechargeable cards. Postepay is a rechargeable card available at Kiosks and posts offices in Italy. Qiwi Visa Virtual is a site online where you can fund a Visa card virtually and use it for online gambling pursuits. Paysafe Card and Todito Cash are two additional pre-pay methods gamblers use for funding player accounts. Payr follows suit allowing you to put money on a prepaid MasterCard for use in account funding and gaming.

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Other Solutions

Wire Transfer and Bank Transfer using a local bank or an Internet bank: Both methods are common ways for funding an online account. Members of Brazil can fund an account with Oleta, but this can prove to be a two to five-day process, so immediately casino online play may be thwarted. A Diners Card is a tool you can use to make direct deposits into your player’s account. EPS is a payment transfer method made available to those residing in Austria. For those who reside in Germany, there is Giropay which allows for bank transfers in real time. Truly, the payment methods reviewed here are just a beginning when it comes to the different methods there are for funding an account, some method stemming from locations all over the world.

You have plenty of diversity in terms of banking solutions when you sign up to be a casino member online. Bear in mind that when making a deposit you will often be expected to make a minimum deposit.  This deposit minimum may or may not be defined when you sign up through the registration page. Read the fine print in the site’s Privacy Policy, Terms & Conditions or FAQs page to find out what your financial responsibility will be long before you fund your account.

Online Casino Payments Methods: A Complete Breakdown

For users who want to read more, or rather learn all about the different types of casino payment methods, their respective pros and cons – we’ve only just published a complete guide to the most common types of casino payment methods here on HitCasinoBonus. We call it “Online Casino Payment Methods: A Complete Breakdown“. As part of this great piece, we’ve also created supporting articles for PayPal, Neteller, Trustly, Skrill, Bitcoin, iDEAL, Paysafe Card, EcoPayz and Ukash. We strongly recommend you browse through the content; you’ll definitely learn something you can make use of tomorrow!

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