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Online Casino Payment Methods: Introduction

Choosing an online casino comes with a whole lot of decision-making. You need to consider the bonuses the casino offers, if the casino is legit, licensed, or certified, wagering requirements, jackpots (if any), and T&C's. All smart punters consider these things first before selecting an online casino.

However, most punters tend to forget the most important factor: casino payment methods.

The thing is, most players do not see the importance of considering the payment options offered by a casino. So they overlook it. After all, one needs to have a Visa, MasterCard, or in these days, an E-Wallet, right?

Honestly, it goes beyond that. There is so much ease that comes with knowing, considering, and eventually selecting the right casino payment options. In fact, it is almost as important as selecting whom to play with.

You will definitely have questions on your mind at this point. What is so important about online casino payment options? How hard can making deposits and withdrawals be? My Mastercard will always come through for me, so why bother?

This guide contains details on why you really should bother. By the time you are done reading this, we do hope you would make more informed decisions before selecting a mobile casino. Take your time.

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All You Need to Know about Online Casino Payment Methods

Maybe a careful consideration of casino payments is not as pivotal as we made it seem, but it is important. Most times, deposits are not the issue. But what’s the use of playing with all the tricks in the world and still being unable to cash out your earnings?

It just makes betting boring and super frustrating.

Most casinos have a 1-2 days payment rate. In essence, they guarantee for every withdrawal you make; you will only get your money in, at most, two days. However, they fail to tell you that it all depends on the casino mobile payment you select. It is all contained in the Terms & Conditions. It just happens that players are always so enthusiastic about playing and winning that they assent to these terms without reading them.

Sometimes casinos suggest certain payment options as a way of promoting them. In other words, these financial institutions partner with casinos occasionally to boost their market reach. That is why a casino might offer you certain bonuses for using a specific casino payment option.

This is not to say that you should avoid payment options that come with bonuses. No. It’s just for you to understand the fact that not all payment options will favor you just because they come with bonuses.

Regularly, casinos only allow you to use specified methods to withdraw your earnings from a welcome bonus. They normally do not specify this under the welcome bonus advert. It is usually contained in the T&C’s, yet another reason you should read them first.

Once a casino specifies the withdrawal methods for a bonus, you will not be able to make withdrawals using other methods.

You should be on the lookout for when selecting a payment method:

Payment Rate

Online Casino Payment Methods

The anticipation, tension, and unnecessary stress that come with waiting endlessly to get your withdrawal is crazy. You even begin to doubt the credibility of the casino in the process. Speaking seriously, the issue is not with the casino but with the financial institution you chose.

Usually, payment takes about 1-2 days to show. Some take longer, though. So, you should only go for payment options that pay really fast.

E-Wallets have the fastest payment rate. It is possible to get your money as soon as you request the withdrawal.

Charges

The charges for each payment method differ. While you may get a discount for some, others may require high charges. Hence, you need to think about these options properly.

Safety

You can never be too careful when dealing with money online. Often, casinos just require little information from you when registering or making payments.

However, there are instances where you may be required to upload a means of identification when making payment. Payments that require IDs are not safe and should be avoided as much as possible.

Casino Payment Methods: E-Wallet & Bank Cards

Casino payment processing methods are largely divided into two (2): Bank Cards & E-Wallets.

Bank Cards

Making payments with credit or debit cards are the most popular online casino payment methods 2021. They are also super easy. All you need to do is provide your card details, and a deduction or addition is made.

As easy as it seems, this is also one of the slowest payment methods. For debit cards, the payment takes about 3-5 days before it arrives. It must also have been your deposit method for you to be able to request a withdrawal with it.

When you use a Visa card, the casino does not charge you. Using a MasterCard, on the other hand, requires identification, which really is not safe.

Credit cards like the Amex Card are not common means of payment. They are excellent, but they have a way of encouraging irresponsible play. You should avoid using a credit card as much as possible.

E-Wallets

The increasing growth of the crypto-market has made casinos adopt it as a mode of casino payment. Though it is not as popular as credit and debit cards yet, it promises to outweigh them soon.

E-Wallets are reputable for speed. They are also available and very simple. All that is required is your wallet address, and payments can be made with ease.

Online Casino Banking 2021: Conclusion

By now, it is expected that you already understand the importance of selecting the right online casino SMS payment option. Not just for ease and simplicity but also for safety. Read the T&C's of every casino. Evaluate the payment options and how well it favors you. Only after this should you settle on a decision. All the best in your gaming experience!