There are lots of different deposit methods for online casinos. Each one has its pros and cons, and what’s best for you might not be the best choice for another player. We all have unique preferences, and so you should consider the various options available to you carefully. In this piece, we’ll cover the various categories of online casino deposit methods. These include credit and debit cards, e-wallets, voucher systems, and cryptocurrencies.
What’s the best casino payment method for you? You’ll probably be closer to an answer by the time you’re done reading this guide.
Credit Cards – Keeping It Simple
Credit cards are one of the easiest and simplest ways to deposit at a live dealer online casino. It works just the same way as if you buy anything else online. All you need to do is set your deposit amount, enter your card number and security code, and confirm the transaction.
However, credit cards aren’t a risk-free way to play online. Some people prefer not to share their card details with online casinos, and if you win a large jackpot, withdrawing it to a credit card isn’t the best option. However, this isn’t a problem if you use a debit card linked to your bank account.
Do be aware that UK players are no longer able to use credit cards to play at the best live dealer online casinos. The UKGC has banned them as a payment method. However, they can still be used in the UK, Australia, and most other countries.
E-Wallets – A Safer and More Secure Option
For those concerned about sharing card or bank details with online casinos, e-wallets may be the solution. You’re probably familiar with the most popular e-wallets like PayPal, Neteller, and Skrill. There are lots of others, too, such as Yandex and WebMoney, and what ones you use will likely depend on where you’re from.
E-wallets eliminate the risk associated with sharing your financial details by acting as a middleman between the online casino live dealer USA and you. Instead of depositing to the casino, you deposit to your secure wallet and then transfer the funds to the casino.
However, this extra security and convenience comes at a small cost. All e-wallet providers charge fees on every transaction. How much are they? It depends what wallet you use, how much you deposit, what currency you use, etc. You can expect to pay at least 1% with most e-wallets.
Vouchers – Like Cash, But Different
Wouldn’t it be great if you could just use cash online? One of the early attempts to create a system similar to cash was the voucher system. You buy vouchers from companies like Paysafecard, Neosurf, or Flexepin, and when you enter the voucher PIN code, the cash appears in your casino account.
This is a super secure and safe way to deposit at live dealer online casinos US players included. If a hacker was to compromise the casino, there wouldn’t be any payment details to steal. Each voucher acts like cash. Once it’s spent, it’s done.
However, voucher systems have a couple of drawbacks. First, you can’t withdraw to them. They are only for making deposits. Second, the voucher limits are usually a few hundred dollars. If you’re a high-stakes player, you’ll probably need to buy many vouchers and continuously reload your account.
Cryptocurrencies – Digital Cash for the Digital Age
Almost all online casino deposit methods for US players have drawbacks. That’s because payment processors can be prosecuted by US authorities under the Unlawful Internet Gambling Enforcement Act (2006) that made it illegal for them to process online gambling transactions.
However, with the rise of decentralized monetary networks such as Bitcoin and Ethereum, there’s no central company to go after. These global monetary networks allow players from every country to make deposits and withdrawals of any size to live dealer roulette online casinos that accept cryptos.
The only downside to using cryptos for gambling is that they take a while to get used to. If you lose your crypto wallet keys or send them to the wrong address, it’s impossible to recover them. Cryptocurrencies work just like cash, so you have to take care of your funds and be responsible.