Online casino banking methods explained

When it comes to banking methods almost every online casino offers a reasonable choice. Choosing the appropriate banking method is important and is a personal decision. Not every payment method suits all casino players. Microgaming Casino takes you to the best casinos that offer the safest environment when it comes to making deposits and withdrawals.

Cashout times and fees are the essential elements that you must be aware of. While many payments are instant the process can take up to 48 hours since casino operators need to verify details and ensure that the funds are transferred correctly. Bank transfers are usually processed once a day. To safeguard your account, your online casino operator may request for specific documents periodically to ensure that there are no fraudulent transactions made.

We highlight some of the popular banking methods with details on how you can use them.

This is the most common banking method offered by almost every online casino. However, it is important to note that some casinos do not permit withdrawals to a credit card especially for USA customers since legislation does not permit it. Visa and MasterCard are the popular providers in addition to Maestro and Solo, the debit card suppliers. Many casinos do not charge a fee for making deposits or withdrawals with a debit or credit card. Processing time varies between 1-4 days.

MoneyBookers, now known as Skrill has among the largest number of users. This is a secure, speedy and regulated service offered by a majority of casinos. It is similar to PayPal where you can deposit and withdraw funds to your online casino account. Considering the level of security and the fact that funds are transferred instantly, the transaction fee of 1% is well worth it. There is no fee for depositing funds into your online casino account. However there is a fee of around $2.5 for withdrawals.

Neteller is one of the reputed eWallets that offers pre-paid debit cards as well. An account can be set up online and funds deposited from your bank account, credit and debit cards. One of the biggest advantages is you have more control over what you spend than you would with a credit or debit card. It works pretty much the same like PayPal and Skrill while one big advantage is the level of security since it is not susceptible to levels of threat as compared to banks. The eWallet has a Rewards & Loyalty program that may vary from time to time.

This is a standard payment method used by many online casino players. The fee varies while the processing time could be as much as 3-5 days. Overseas transfers can take around a week to 10 days. The process is simple. You make a payment from your bank account to your online casino by entering your bank account details. Some casinos do not charge a fee for deposits or withdrawals via wire transfer but usually permit only one free withdrawal per month.

PayPal is one of the most famous eWallets although you may not find this option available at many casinos. It is one of the safest options since you never have to provide your bank details or any personal information an online casino or other merchants.

This is an ideal voucher payment option designed for those who do not use credit cards or bank accounts. It is supported by most casinos. All you need is to purchase a Ukash voucher from a Ukash-supported outlet and use the code to deposit funds into your online casino account. Many casinos permit withdrawals through Ukash as well.