Casino Deposit Options
Online casinos sometimes have so many deposit methods that it’s hard to keep them separated from one another. This master list of the most common payment methods for casino websites should help you sort through the listings, giving you the basic benefits and drawbacks of each. The list below gives basic information such as where the company is based, where it operates most often, whether it’s useful for deposits only or also withdrawals, its basic reputation, and what manner of transaction fees you might expect.
Reviews all Casino Deposit Options
Overview of eWallet / Money Transfer / Credit Card Deposit Options
NETeller – Neteller was the most successful startup company about the online payment companies. Way back in 2005, NETeller handled upward of 80% of the online gambling cash transactions. They were so closely associated with online casinos, sports books, and poker rooms that the United States Department of Justice stepped in and forced Neteller and its two Canadian co-founders to pay over $300 million to get out of trouble. Since then, Neteller has moved to the British Isles and diversified, even getting a partnership with Mastercard on prepaid cards. Though its revenues are nowhere near where they were, Neteller remains one of the largest and most widespread of all the electronic payment methods there is. Neteller is trusted around the world, though the company stays out of the US market these days.
Moneybookers/Skrill – Moneybookers is the number one rival to Neteller in the industry. Formed in the United Kingdom in 2001, Moneybookers came to the game a little bit later than Neteller, but is now one of the giants of e-commerce. Moneybookers is regulated by the Financial Services Authority (FSA) of the United Kingdom, so it’s about as safe and secure of an electronic payment service as you’ll find. Over the past few years, Moneybookers has bought a number of European competitors, so you’ll hear about “Nordea by Moneybookers” and so on. Also, Moneybookers is rebranding itself “Skrill”, the name of the parent company (Skrill Holdings Ltd) before it was bought by Investcorp, which is also out of the UK. Skrill-Moneybookers is one of the best services and it’s found used on more sites than Neteller (1937 for Moneybookers, 1830 for Neteller).
PayPal – After PayPal was bought by the Ebay corporation back in 2002, it became the preferred method of payment for that titan of Internet commerce. In that way, PayPal became the default electronic payment method for American online shoppers. Paypal is highly trusted in North America and known throughout the world, though it’s not quite so large among European gamblers. In fact, PayPal isn’t found in nearly as many sites as Moneybookers and Neteller, perhaps because Ebay’s directors want to keep their favorite web commerce transactions site out of trouble with the United States government. Still, you’ll find PayPal as a deposit method at many online casinos.
UKash – UKash is an e-voucher system devices by a UK citizen back in 2000. Since then, UKash’s 19-number PIN code and electronic vouchers have become quite popular with online shoppers in the United Kingdom, South Africa, Australia, New Zealand, and Europe. UKash has been featured in the Sunday Times and was given an award by the Queen of England. Though UKash isn’t found in quite as many places as Neteller and Moneybookers, it’s still one of the best and most prestigious of the electronic payment methods.
PaySafeCard – PaySafecard is an Austrian e-voucher system quite similar to UKash, though it uses a 16-number PIN code for security reasons. PaySafeCard prepaid cards are sold at retail outlets in 22 different European nations and in Argentina. With 300,000 outlets where you can buy Pay Safe Card evouchers worldwide, this payment method is used by millions of international online shoppers. The vouchers work just as well for online casino gambling, at least as long as your deposits aren’t high-dollar amounts. You’ll find hundreds, not thousands, of sites which use paysafecard, including most of the famous European and UK sites.
IDEAL – iDEAL is an Internet payment method which processes around 70,000,000 online payments every year. A consortium of Dutch banks founded iDEAL in partnership, including ASN Bank, Van Lanschot, ING Bank, SNS Bank, Friesland Bank, Rabobank, Triodos Bank, RegioBank, and ABN AMRO. iDEAL is a prominent electronic wallet service, especially at sites licensed by the Netherland Antilles island of Curacao, which was part of the Dutch overseas territories until 1986. Ideal is used by many European players on the continent, too.
Giropay – Giropay is the electronic payment method supported by roughly 1,500 savings banks and cooperative banks (and one conventional bank: Deutsche Postbank), Giropay is set up quite similar to the Dutch banking cooperative, IDEAL. Giropay has 13,000,000 German account holders and a significant numbers of online gamblers holding some of those accounts. If you have a German bank account, you can use this online payment service. That makes this a popular option for people living in Germany.
UseMyBank (UseMyFunds) – UseMybank or Usemyfunds is a web wallet service based out of Toronto, Ontario, Canada. Usemybank facilitates online payments by transferring funds from your bank to online casinos. This method is only useful for making deposits. No withdrawals are allowed. The deposits are instant, while the information required is minimal. Use-My-Funds deposits look like debit card payments, but security is the top concern for Usemybank. English is the only language supported, while the company has no integration with the US financial system. Still, it’s a handy and safe way to get cash from your bank account to the casino site.
Instadebit – Instadebit is another Canadian e-commerce company, so it’s a particularly good payment method for Canadian online casino gamblers. Instadebit’s transactions and security procedures resemble those of PayPal, but it’s activities are regulated by Canadian government agencies. You’ll be able to pay using the American dollar or the Canadian dollar, but withdrawals are also an option. Best of all, you won’t be turning your bank account information over to an offshore company.
MyPayLinQ – MyPayLinQ is an e-wallet service based out of Costa Rica which services over three dozen United States gambling sites and over five dozen United Kingdom online gambling operations. The transaction fees on My Pay LinQ are higher than what you’ll find with companies like PayPal, but since the company is located in Central America, American players have no fear their information or payment history is going to be divulged to the U.S. government (or their funds frozen). It’s therefore worth the added fees to be secure in the knowledge you won’t have your funds frozen anytime soon.
Click2Pay – Click2Pay is an electronic pay service out of Munich, Germany which was originally designed for online shopping. Click2Pay is now accepted for payment in over 180 countries worldwide, providing secure and easy-to-use deposits. One of those countries is not the United States, unfortunately. Support is available 24/7, though some of the numbers aren’t toll-free. You might find Click-2-Pay’s signup questions a little intrusive, but these are meant to verify you are who you say you are. Ultimately, the questions are designed to protect you from identity thieves.
Visa – Visa was the first all-purpose credit card and it remains the biggest charge network in the entire world. If you don’t mind using a credit card to fund your online gambling accounts, then Visa may be the single-most uncomplicated payment method in the online gambling world. Visa credit cards decline less than Mastercard and Amex, while Visa debit cards like Electron are useful in almost as many locations.
Mastercard – Mastercard is the biggest rival in the credit card industry to Visa, both in worldwide vending and in the online casino industry. Starting in 2010 and 2011, Mastercard transaction began to decline more often for US players. Still, Mastercard is accepted at most online gambling sites and remains a reliable payment method.
American Express – American Express is the top-end credit card for American consumers, but the high standards of the American Express company make it a less likely entry into world of online gambling. Still, Amex credit and debit cards are used at occasional online casino websites. When Amex is accepted, you know a website must be legitimate.
Western Union- Speaking of legitimate, it’s hard to get more traditional than Western Union. Western Union was the first major company to use electric wiring to send messages, after Western Union was founded in 1851 as a telegraph company. Generations and several technological iterations later, Western Union is still one of the most reliable message carriers in the communications business. Another major use of Western Union these days is to send money over the wire, which is why Western Union makes this list.
Moneygram – Moneygram is another older, respected company from the United States. Based originally in Minneapolis-St. Paul, Moneygram International was bought by Goldman Sachs and other partners a few years ago and is now located in Dallas, Texas. Moneygram has 300,000 outlets around the globe and is found in well over 150 nations. As I said once before, whether you want to send money or a message to Afghanistan or Zimbabwe, Moneygram International gives you the option.
eCheck – An eCheck lets you set up an electronic funds transfer system, sending money from your checking account for any sort of check payment you would otherwise make with a personal check. Electronic checks are available to gamblers in the United States and Canada.
Wire Transfer – Also called a bank wire transfer, an electronic funds transfer, or simply a bank transfer, this is a relatively safe and easy method to fund you gambling deposits. The method is instantaneous, while few chances for wire fraud exist due to security methods already tried. An instant-wire transfer is an improvement, so serious players might look into this method of payment at your favorite casino properties.