Best Payment Methods (And Online Casinos That Use Them)
When someone is interested in playing games at an online casino, they have a few questions to ask. One of them is whether it is compatible with their preferred payment methods. It’s up to you to choose something that you can rely on for future transactions.
In this article, you’ll find the best payment methods, as well as a list of top online casinos that support the methods of your choice. Choose one that fits you best and ensure it is compatible with the gaming sites you plan on visiting.
So which payment method is the best? Let’s find out right now.
How to choose a payment method?
This section will discuss how you can choose the best payment method. We will explain step-by-step what you need to do. Not all casinos will accept certain payment methods, so be mindful of that.
It also depends on where you reside. For regulatory and security purposes, many top US gambling sites will be able to accept some methods, but not others. Follow these instructions down below to find an optimal choice:
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Step 1
First, you want to learn more about all the payment methods available. There may be a few that can handle casino banking. The most common include but are not limited to the following:
- Debit/credit/prepaid
- Bank transfer
- E-wallet (PayPal, Venmo)
- Cryptocurrency
- Direct cash deposit
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2
Step 2
Before you make a deposit, it is critical that you read any reviews left by real players regarding the chosen means of payment. The best source for this kind of information will be on gaming forums, Reddit, Trustpilot, etc.
Choosing a payment method can be easier if you learn real information from past or current players. Do pay attention to the positive reviews – especially the detailed ones, but don’t brush the negative feedback under the rug either. If it is frequent and objective, that’s a possible red flag for the method in question, and you would be wise to consider other alternatives.
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Step 3
While it’s something that a lot of us don’t do often, it would be a good idea to review the terms and conditions of the gambling site you chose. Specifically, find the section that discusses payments. There, you will find plenty of information about any possible limits and fees.
Carefully read the conditions for receiving a welcome bonus. Not every option may be accepted for receiving a bonus – which is why you’ll want to ensure that you check the terms and conditions prior to signing up, including the newest online casinos that have just launched.
It is important to be mindful of some factors such as the speed and security of these payment methods. How fast can you make a casino deposit or a withdrawal? It may depend not just on what preferred method you use, but the processing times on the site you play at. Sometimes it can take longer due to additional checks meant to ensure security.
Best Casinos by Payment Methods
Our team of experts were able to perform thorough research regarding online casinos that use the best and most common methods for you. If you are pressed for time, check out these offer to get you started:
What to pay attention to before making a deposit in an Online Casino?
When choosing an appropriate payment method for your first deposit, it’s important to pay attention to a few crucial factors. They will ensure that you make a more informed decision going forward. Let’s take a look now at the following:
- Reliability and security: If there is one aspect that one should never compromise on, it’s this. You want anything finance-related to work perfectly 100% of the time. If it’s not perfectly reliable, you risk losing your funds mid-transfer or having to wait more than expected. Every payment method will need to comply with reliability criteria in order to ensure that you can trust them with your money 100% of the time.
- Limits: Prior to making a deposit, you want to check what the limits are for deposits and withdrawals. Each site has its own minimum threshold regarding these. Once again, be mindful of which one will be the best fit for you. Remember, these limitations are in place to protect both you and the casino.
- Transaction Fees: With some options, you might have to pay a percentage or a fixed amount (or both) for every transaction, while others may be completely free for you to use. This is one good reason as to why you always want to go over the terms and conditions.
- Bonuses and other promotions: Most casinos offer an extensive bonus program, especially for new players. However, some methods of depositing funds may be ineligible for receiving those offers. Once again, it is crucial that you read the bonus program terms and conditions associated before you make a transfer.
Are the payment methods in an Online casino safe?
Casinos in the US are tightly regulated, so any POs they offer can be considered safe. These services are also regulated by financial supervisory authorities in their countries of origin. Please note that these methods must always follow the regulations and rules of the country that they operate in (i.e: the United States).
Casinos and PO providers both must follow such rules, regulations, and laws in the jurisdictions that allow it. Fines and additional penalties may apply if they fail to do so.
Keep in mind that not every payment method may be available in all countries. US casinos in particular have a limited selection, when compared to the rest of the world, but that results in better safety. Security is a top priority for any casino that handles player’s hard-earned money.
Again, reading the reviews on gaming forums will be a good source. You’ll hear personal experiences from users, both positive or negative. Be sure to use your better judgment when looking over these reviews.
If you suspect any suspicious activity with any PO, you will need to take action. This includes reporting such activity with the customer service department of an eWallet you are using or the proper authorities in your state.
How to tell what payments my Casino offers?
To ensure what payment methods a particular casino offers, you’ll want to scroll to the bottom of the page. In the footer, you will be able to locate the logos of the POs that are offered by the online casino itself.
For instance, PayPal casinos will be able to display the PayPal logo at the footer. The same applies for other methods. Be mindful of what is accepted, so you can be able to choose the best method that works best for you.
Some casinos will also have a dedicated “banking” section of their website, detailing the options available for deposits and withdrawals (not all can be used for both). If you dig deeper, you may even find detailed instructions on how to deposit money using each method, just like the guides we have on 50Casino.
Online Casino offering the most PO
This category covers the online casino that offers the most payout methods. With many options, we’ve noticed that BetMGM is perhaps the best option in this category. They even offer PayPal withdrawals that can be done within 24 hours (with verification). The site also supports bank cards, eCheck, bank transfer, and others.
Online Casino with a big variety of PO
Which one offers a large variety of options? By large variety, this can be defined as different PO types ranging from wire transfers, eWallets, and more. It’s hard to choose which one might be good for US users.
We can point out that both BetMGM and Caesar’s Palace are two of the best options for those looking for a wide variety of POs.
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Online Casino with mobile-friendly payment methods
In this day and age, mobile-friendly methods are on the rise. These include not only PayPal but also Apple Pay as well. BetMGM, Fanduel and Caesar’s Palace are considered some of the best gambling sites with mobile-friendly options, as they all have modern apps with great user experience.
Online Casino with the easiest PO
Easy is good. But what can be defined as “easy” when it comes to payment options? Typically, it could be something that allows you to move money quickly and without a lot of hassle. There are plenty of casinos out there, but one of them that might stand out among the rest is BetMGM. No wait time, no problem. It might be something you’ll get to enjoy with your hard-earned winnings.
Online Casino with most PO for Welcome Bonus
Welcome bonuses might be worth every bit for new players. They may come in the form of free spins or even extra cash for a deposit bonus. So which casino wins in this category?
We see that Caesars Palace has a 100 percent deposit match of up to $1250. But that’s not all. You get $10 on them plus 2500 reward points after you bet $25.
How’s that for a generous welcome bonus? Whether it’s best online casinos with free spins or something else, you can put the bonus to good use and get a big time payoff.
What are the most popular payment methods in the USA?
There is a great variety of POs offered at online casinos. You will find almost the same logos on their respective “payments” page. Now, let’s take a look at the top five that are used by players in the USA:
One of the most popular will be Visa and MasterCard debit or credit cards. They are popular because they are both safe and reliable. Not only that, but if there is any fraudulent or suspicious activity, you’ll be notified almost instantly.
Electronic wallets are popular with players both in the USA and around the world because they are fast. Bank transfers continue to be the most reliable and convenient even today. Especially for those who are looking to withdraw large amounts of money and enjoy their rewards.
Bank transfer
Why to choose?
These include but are not limited to wire transfer, online banking, and ACH. If this is something that is more your speed, check out the list of real money online casinos down below.
Pros and Cons
- Reliable and secure transactions
- Comfortable to use
- High withdrawal and deposit limits
- Longer processing times
As mentioned, bank transfers can prove to be useful for many reasons. If you’re looking for something that will allow for larger transactions in a short amount of time (depending on which site you choose).
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eWallets
Why to choose?
US Casinos will often rely on PayPal as the only eWallet since it may not be able to accept all others that would otherwise be accepted internationally. Nonetheless, this is an important option for various reasons. For one, it can be convenient for those who want to make quick transactions.
Pros and Cons
- Quick deposits and withdrawals
- Available in almost all brands
- Easy and simple to use
- Need to open an additional account
- May have to deal with some transaction fees
- Might not be eligible for bonuses on some sites
Credit/Debit Cards
Why to choose?
These include Visa, Mastercard, American Express, and Discover. You’ll have peace of mind knowing it’s reliable and will notify you of any potential fraud if such were to arise.
Pros and Cons
- You could qualify for a bonus
- Safe and easy to use
- Withdrawal times are a bit longer (if accepted)
- Some sites may not accept them for withdrawals at all
Crypto
Why to choose?
Cryptocurrency and its uses have gotten popular over many years. The digital currency remains commonplace in the digital world. Bitcoin, Litecoin, and Ethereum remain as the Big Three – considering they are used almost constantly wherever they are accepted.
It comes as no surprise that crypto casinos have popped up. Whichever you choose, you can win more of your favorite cryptos, such as BTC or ETH.
There are no laws or regulations issued by the US government regarding crypto gambling. However, at this moment, there are no legal US online casinos that support cryptocurrency in any way.
Still, it is a good idea to stay informed on the topic, as regulations in the sphere are evolving very quickly. For example, Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia have just passed their own laws.
Pros and Cons
- Transaction anonymity
- High speed of deposits and withdrawals
- Less intuitive to use
- Not all bonuses are available for cryptocurrencies
- Possible inconsistencies in exchange rates
- Legal US casinos do not offer this method
Further PO in Online Casinos
Other POs that we would like to mention that are typically included but are not limited to the following:
- Cash at casino cage
- Prepaid cards
- PayNearMe
- Play+
- VIP Preferred eCheck
- Paper Check
If you prefer either of these, feel free to look for any casinos that may accept them. Keep in mind that fees and withdrawal times may apply.
Bonuses on Deposit in Online Casinos
Bonuses are great to have whenever you make a qualifying deposit. You could have extra money in your account or even free spins for a slot game. Either way, you can increase your chances to win big.