Online casinos offer a wide variety of payment methods. Our article will help you decide which one is the best one for you!
Online Casino Payment Methods Explained
There’s no doubt about it; playing at online casinos is fun. However, making your first deposit might seem like less fun. If you’re feeling anxious about transferring your hard-earned cash from your bank account to your casino account, we’re here to help put those worries to bed.
These days, improvements in online security and the rise of a variety of payment methods means that you no longer need to fret quite so much about making a financial transaction. In this article, we’ll take a look at a few of the banking options available to you in the hope that it will make it easier for you to choose a payment method that you feel comfortable with.
PayPal
PayPal is one of the most trusted names in online banking. Their system allows you to connect your bank account or credit card to your PayPal account and then use your PayPal login to make secure payments. The benefit of this is that you no longer have to input your credit card number every time you wish to make a payment, thereby adding an extra layer of privacy and safety to any transaction that you make.
You’ll find plenty of PayPal casinos Canada-wide that are set up to allow you to make payments using this method – check out https://casinopilot.ca/banking/paypal for more details and a list of recommended PayPal casinos.
Neteller and Skrill
Neteller and Skrill, along with numerous other e-wallets work in a similar way to PayPal. Almost every casino on the market allows you to make deposits and withdrawals using an e-wallet and aside from the security it offers, the additional bonus is the speed at which you can make a transaction. Deposits are instant and withdrawals can be processed quicker than any other method. The only downside here is that many online casinos will render you exempt from being able to claim the welcome bonus.
Bitcoin
Bitcoin is new to the scene, but as the number of people using cryptocurrency increases so do the number of casinos willing to offer it as a payment method. Once you have bought your Bitcoin and stored it in a secure online wallet, you can use it to make a deposit in the same way as you would use an e-wallet. Simply click on the Bitcoin payment option within the banking section of your online casino and then enter your Bitcoin login.
This is one of the safest ways to make an online payment and it is in no way connected to your bank account, which also means it is the most discreet way of making a deposit. You’ll need to do a little research in order to find a reputable online casino that accepts Bitcoin but it will be worth the effort.
Debit Card
If you’re more comfortable with traditional banking but you’re reluctant to give out your credit card details, then it’s worth considering a debit card. A debit card works in the same way as a credit card when it comes to making deposits. You’ll have to input your card numbers every time you wish to make a transaction. However, the amount you can spend is limited to the amount you have in the account that is connected to the card. Therefore, if an unscrupulous third-party manages to get hold of your details they won’t be able to charge up a fortune.
Bank Transfer
Bank transfers are the mainstay of online casino transactions but they are considered to be rather old-school. While they offer, perhaps, the safest way to make an online payment, the transaction itself is slow and cumbersome. A bank transfer is a perfectly valid payment method, but we would be more inclined to use an e-wallet or debit card.
