The biggest concern for any player before joining an online casino is whether they will be paid their winnings or not. This article provides fast-hand information about the different payment methods you can find at most online casinos.
The best online casino should offer secure, reliable, and fast payouts, regardless it's a new or a well-established one. Payment methods are among the most essential features of a successful casino.
While casino the main purpose of casino games is entertainment, they also offer a chance of winning real money. This means that casinos may partner with different payment providers to enable the transfer of funds to and from your account.
Unlike in the past, when payments were limited to FIAT systems, modern online casinos support mobile money transfers and cryptocurrencies. The safety of funds and financial information is fully guaranteed as online casino sites use advanced security protocols.
To lend you a helping hand, we've compiled a detailed guide to how online casinos process payments. Keep reading to learn everything about online casino withdrawal methods before playing at real money online gambling sites.
Most Popular Online Casino Withdrawal Methods
As earlier mentioned, online casinos offer many types of US-friendly payment options. If you are new to online casino gaming, we have your back. We've covered all the most popular and recommended withdrawal methods and the benefits you get from using each one of them. They include:
Credit/Debit Cards and Prepaid Cards
Credit and debit cards are among the most popular systems online casinos use to pay players. Many people choose these money transfer options because they are accessible and easy to use. Also, they provide safe transactions regardless of the casino site. In fact, credit and debit cards are recommended for every avid online casino player. With so many options at the player's disposal, these are the best online casino payout options:
You'll hardly find a reputable online casino that doesn't support Visa. This is without any doubt one of the most popular casino payment methods in the market. It's easy to use; regardless you are depositing or cashing out your winnings. However, you should understand that only a few online casinos accept Visa withdrawals. Additionally, players can only withdraw using Visa if they use it for depositing.
Mastercard is the leading credit card provider in the online gambling world. Its popularity makes it one of the most reliable and safe methods out there. Numerous online casinos use Mastercard, and it has proven efficient over the past decades. Moreover, it's quite easy to obtain a Mastercard from any financial institution. Similar to Visa, casinos that pay with this method are declining each day. Nevertheless, you can count on this system for a great real-money casino experience.
American Express Card
American Express or AMEX is another well-known provider of premium credit cards, debits cards, and cheque transactions. It has been operating since 1850, making it one of the oldest payment options. Though the company has its stronghold in the United States, it provides transactions to other parts of the world. One of the most appealing features of this system is the advanced security levels. Top online casinos that pay players via AMEX allow players to enjoy safe and hassle-free payments. Additionally, you can get downloadable Android and iOS apps for convenient transactions on the go.
The Paysafecard payment option has become increasingly popular of late. They are reputed for their exclusive security measures and their acceptance in more than 49 countries. Unlike credit and debit cards, this system allows you to buy electronic vouchers for as low denominations as 10 up to 100s of dollars. Players use a 16-digit PIN code to make payments at supported online casinos. The best part about this online casino is that users do not require a bank account to process the payments.
Pros and Cons of Credit and Debit Cards
- Accepted by almost all online casinos.
- Simple to set up and easy to use.
- Supports massive bonuses and promotions.
- Excellent security technologies to safeguard data.
- Withdrawals take a longer time to be processed.
- Some credit and debit cards have annual fees.
Electronic wallets or e-wallets are popular digital money transfer methods. These payment methods are widely sought after by players because of their efficiency. E-wallets offer some of the fastest payments; in most cases, they are instant. Keep in mind that some e-wallets may charge a fee on your transactions, but it's worth it. The following are the most popular e-wallets in the US online casinos:
Neteller is one of the most reliable online casino payout options. It has a much bigger presence in online casinos than other payment options. Back in 2005, Neteller recorded 80% of online gambling transactions. This high record landed the company in problems with the United States Department of Justice, and they paid $300 million to be freed. Unfortunately, Neteller opted out of the US markets, but it's one of the best options.
Skrill, formerly Moneybookers, is a respected payment provider in the US market. It has been operating since 2001 and has been the biggest rival of Neteller for many years. Moreover, Skrill is fully regulated by the Financial Service Authority (FSA) of the United Kingdom. This makes it one of the most secure e-wallets for all casino payments. Like its rival, Skrill is available at many popular online casino sites in the US.
Owned by the world's richest person, PayPal is probably the most known e-wallet in the gambling industry. It has made a name for itself for offering the most secure and convenient payments. Playing your favorite games at PayPal online casinos is easy and safe for all. Additionally, this payout method is cheaper and has higher limits than most e-wallets. US-based players can deposit money and withdraw instantly using this fantastic e-wallet.
As the name suggests, Trustly is a trustworthy casino withdrawal method. It joins the list of popular e-wallets you can use to deposit and withdraw funds. The greatest advantage of this system is that it allows you to play on a wide range of platforms. In addition, using Trustly guarantees you super-easy transactions and instant transfers. Imagine playing at real money casinos without providing your billing details or bank account information.
Since 1999, ecoPayz has been providing money transfer services to online casino players from across the world. The design and usability of these e-wallets are not very different from others. What makes it stand out from other wallets is that it comes with an ecoAccount feature that enables payments from the one-end point.
Pros and Cons of E-Wallets
- Offers instant online casino payouts.
- Easy to use regardless of your experience.
- Enhanced security using the latest encryption protocols.
- Higher deposit and withdrawal limits.
- Some online casinos don't offer bonuses on wallet deposits.
- Many e-wallets are limited from operating in the United States.
Cryptocurrencies are the latest payment methods to be introduced into online casinos. While they are considered the best compared to other options, they are also quite complex for an average player to comprehend. The first crypto coin entered the market in 2009, and since then, numerous cryptocurrencies have been invented. Even more interesting is that casino software developers create provably fair games for crypto-based platforms. The best online casinos in the US accept the following cryptocurrencies:
Bitcoin was the first cryptocurrency to be created in 2009. At first, many people were doubtful about the legitimacy of the new currency, but it is now one of the most expensive in the world. Bitcoin was developed by a programmer called Satoshi Nakamoto, who's been anonymous ever since. The lack of government attachments and anonymity of transactions are the main reasons for the popularity of Bitcoin.
Ethereum is the second most popular cryptocurrency at US online casinos. It's appealing to many people because of the fast and easy mode of depositing and withdrawing funds. Ether was launched in 2014, and has been the biggest competitor of Bitcoin. In addition, the risk of using Ethereum is quite low, no wonder is loved by many people.
Litecoin is a rival cryptocurrency created by a former Google employee and MIT graduate Charlie Lee. Like other coins, it is fully decentralized and secure for all your online casino transactions. This peer-to-peer currency is based on supply and demand. More interesting is that it's not linked to any centralized authority or financial institution. Additionally, this currency has a special feature to help players manage their funds with extremely advanced security protocols.
The story of how Dogecoin came to be is very different from its peers. The founder of this coin was inspired by an internet meme featuring the adorable Shiba Inu rescue called Kabosu. It was launched on December 6th, 2013, by Billy Marcus, an Oregon Programmer, and Jackson Palmer, a manager at Adobe.
Another digital currency with an exciting story is Dash or Xcoin. It hit 1.9 million coins within two days after it was launched. You can use Dash coin to enjoy playing many real money casino games and multiple casinos. The best thing is that it accepts low-limit deposits starting from $1 to $10. Using this cryptocurrency is simple, and transactions are processed very fast.
Pros and Cons of Cryptocurrencies
- Anonymous and convenient global payments.
- Completely independent from the government and banks.
- Advanced security using blockchain technology.
- Most crypto coins enjoy celebrity influence.
- Cryptocurrency transactions are irreversible.
- The value of crypto coins fluctuates from time to time.
Offline Payment Payout Options
You need not worry about transacting at online casinos if you have some reservations. You can transfer your funds to and from the casino using convenient offline directly from your local bank. These are the common offline options you can choose from:
Bank wire transfer is accepted by many leading online casinos. Players can choose to use bank transfers or go to the local banks. The thing you should understand is that this payment method involves thorough identity verification. This explains why bank transfers take a long time of up to 7 business days to process withdrawals.
Many US online casinos are adopting check payment systems. These payment systems work in the same way as the traditional paper cheques. Do understand that echecks are subject to a verification process before they are processed.
Mobile Payout Methods
Mobile money transfers are safe and useful, especially if you are gaming on the go. Depending on the casino and payment option, you can receive your winnings instantly on your mobile device. Some mobile banking options have downloadable apps for Android and iOS, while others are HTML-browser based. The most popular options are:
Boku is an efficient mobile payment system that was launched in 2003. You don't require electronic cards to use Boku. The advantage is that you can transfer your funds within minutes.
Zimpler is a Swedish-based mobile withdrawal and deposit method. You can use it to move your funds straight from your mobile phone. Moreover, many US casinos pay using Zimpler than other options.
How to Pick the Right Casino Payout Options
As you are aware, there are tons of payment options available for casinos to pay players in the US. These payment solutions have varying requirements and policies to govern how they operate. To save you the confusion, these are the key factors you must consider if you want a great online casino payout option:
- Transaction Fees: Though no one like transaction fees, they tend to be unavoidable. The good thing is that playing at licensed online casinos protects you from hidden fees. Using methods like eChecks is free, and the money is transferred directly to your account.
- Withdrawal Times: Withdrawal times vary depending on the system you are using. Some payment options like Bitcoin offer an instant and safe transfer of your money.
- Potential Bonuses: Some online payment options offer bonuses to attract players to use them. You may receive a bonus for depositing or withdrawing money using a specific method.
- Ease to Use: It is essential to pick a simple and easy-to-use payment option. This will save you time and confusion that can lead to loss of money.
- Security and Anonymity: The overall safety of the payment solutions is very vital. You need to ensure that your money and financial data are safe at all times. Remember, there are rogue casino sites always preying for your money.
How Online Casinos Guarantee Secure Payouts
As aforementioned, security is a top priority for every player. Payment providers invest in the latest security protocols to guarantee the safety of your funds. These are the most common measures used:
- Secure Socket Layer (SSL): The 128/256-bit Secure Socket Layer (SSL) is an industry-standard encryption technology that protects your transactions and related information.
- Advanced Firewalls: Payment options use advanced firewalls to safeguard your data on secure servers. The firewalls prevent unwanted data from reaching the servers.
As you can see, US online casinos can pay players through a vast range of methods. The choice depends on the player and the website. There is a difference in which these payment options work, which is why it is advisable to read the terms and conditions of each system. Also, you must choose a method that is legal to avoid running into unnecessary losses. After going through our list of payout options, we hope you have found one that suits you.
However, you must understand that each online casino has restrictions for withdrawals. Make sure you know the minimum withdrawal limits, time limits, and the security checks that are involved.