HomepagePayment Methods at New Casinos

Everything you need to know about payment methods at new casinos!

Payment Methods at New Casinos

A decisive factor in choosing an online casino is the type of payment methods it offers. Players always prefer easy to use payment systems that are fast and secure. The main reasons why casino users reject some online casino sites include complicated set up procedures and being obliged to open an account with more than one payment service provider to make deposits and withdrawals. Most new online casinos offer a wide range of popular payment methods that are reliable and secure. There are so many different choices available that it can often be difficult for players to know which one is the best for their circumstances. This article sets out the main payment methods that can usually be found in new online casinos. It includes a brief review of each payment type and highlights the advantages on offer.

Payment Methods at New Casinos

A decisive factor in choosing an online casino is the type of payment methods it offers. Players always prefer easy to use payment systems that are fast and secure. The main reasons why casino users reject some online casino sites include complicated set up procedures and being obliged to open an account with more than one payment service provider to make deposits and withdrawals. Most new online casinos offer a wide range of popular payment methods that are reliable and secure. There are so many different choices available that it can often be difficult for players to know which one is the best for their circumstances. This article sets out the main payment methods that can usually be found in new online casinos. It includes a brief review of each payment type and highlights the advantages on offer.

Top New Casino Payment Methods

5 Things to consider

Whenever a new online casino is launched we always assess its reliability and safety in dealing with transactions. We also consider which payment methods are being offered. When you play for money there are several factors you should consider:


A wide range of popular payment methods
If any payment methods are restricted in your country
Whether the procedures to make deposits and withdrawals are quick and easy
Additional fees the casino might charge for various payment methods
How long it takes to process transactions particularly withdrawals


Most common types of payment options

Payment types at new casinos

Payment types at new casinos

Credit and Debit Cards

credit cards

The use of credit cards in online casinos in the United Kingdom was banned by the UKGC in April 2020 to help alleviate the problem of players using borrowed money for gambling. However, a debit card such as VISA, Maestro and MasterCard can still be used for both deposits and withdrawals. As a widespread payment method in all areas of daily life, it’s a convenient and quick way to deposit funds into an online casino account. It’s also a highly secure and trusted payment method that can usually be found in every reputable casino. Using a debit card rarely incurs any additional fees. When requesting a withdrawal you can expect to wait up to five working days for the transaction to appear in your bank account.


Best New Credit Card Casinos

E-Wallets

Many players find it daunting to submit their banking details even at a highly regarded online casino. However, the process can be completely avoided by using an e-wallet from one of the many online payment service providers. They are considered by many casino players to be the fastest and most convenient system. E-wallets provide instant deposits and withdrawal time limits that can often vary between one to four hours and rarely exceed twenty-four hours. PayPal is the most well-known e-wallet with a high security rating, but other services that offer a similar level of reliability include Neteller and Skrill. This type of payment method doesn’t usually incur any fees when making deposits or withdrawals. However, there is often a fee every time the e-wallet is topped up and there can also be a fee for transferring money back to your bank account. Skrill has one of the lowest rates with around 1.9% being charged on funds you deposit into the e-wallet. Withdrawing from Skrill and Neteller to your bank account costs around 1.75%.


How e-wallets work

How e-wallets work


While PayPal, Skrill and Neteller are considered to be the most popular e-wallets, others such as ecoPayz, Nordea, WebMoney and Citadel are quickly gaining ground. There are several countries that restrict the use of PayPal, but Skrill and Neteller are usually widely available in many territories. One disadvantage of using Skrill or Neteller is that they are considered unsuitable payment methods when trying to claim some casino bonuses.


Best New E-Wallet Casinos

New customers only. Opt-in required. 1st deposit bonus 100% up to £200. 2nd deposit bonus 25% up to £200, 3rd deposit bonus 25% up to £200, 4th deposit bonus 25% up to £150. Min deposit £10. 40x wagering, 30 days to complete wagering, game weighting and game restrictions apply. Max Bet with bonus funds £5. Max withdrawal from bonus funds is £2000. Neteller and Skrill excluded. Eligibility restrictions apply, cash balance can be withdrawn at any time. Full bonus terms

Bank Wire Transfers

Direct bank transfer is one of the most popular withdrawal methods for high roller players who have won substantial amounts of money. The funds are protected by encrypted security code and are directly paid into your bank account. However, it can take from three to ten working days to be completed depending on your location and that of the casino.

A much faster alternative is to use a third party agent such as Trustly. It’s offered by the majority of reliable online casinos and is accepted by many mainstream banks. It’s very easy to use and doesn’t involve opening an account. The funds are simply transferred from the casino to Trustly that acts as a temporary holding place before being sent directly to your bank through a link connected to your online banking system. The process is highly secure and incredibly fast with most transactions being completed in just twenty-four hours. Some casinos also offer to transfer large amounts of money through a crossed cheque.


Best New Bank Transfer Casinos

Prepaid Cards

A prepaid card such as Paysafecard, ecoPayz or PostePay is an ideal pay-as-you-go payment method for deposits and withdrawals. It offers a high level of security while keeping your banking details hidden from the casino. A card can be purchased from many local retail outlets including newsagents and petrol stations. The top up vouchers are similar to those for a mobile phone and contain a sixteen digit code that’s entered into an online account. It’s a versatile system for all types of players including those who play for high stakes. You can deposit up to €200 each day on a standard Paysafecard and up to €1,500 with a PaySafe MasterCard. The maximum limit a PaySafeCard account can hold is €4,000.

Note on withdrawals with prepaid cards

Note on withdrawals with prepaid cards


Best New Prepaid Card Casinos

Pay by Phone

The popularity of playing slots and other casino games on mobile devices has increased dramatically. Boku is an established mobile payment method that is suitable for making daily deposits of up to €30. It’s ideal for low limit players who want a pay-as-you-go system that is convenient and instantly available. It operates through SMS text and doesn’t involve setting up an account. In addition, no sensitive data is stored with either Boku or the casino. An alternative for players with premium mobile phone accounts is to simply add each deposit to their monthly phone bills. Although Boku and Pay by Phone are highly secure methods, they are unsuitable for making withdrawals.


Best New Pay by Phone Casinos

Cryptocurrencies

Cryptocurrency is still primarily viewed as an investment with little practical daily use. However, Bitcoin is becoming more acceptable for online gambling even though the participating new online casinos are still relatively few in number. Where Bitcoin is used, it’s a convenient payment method that combines security with complete anonymity and usually doesn’t incur any additional charges. Transactions vary between instantaneous for deposits and around forty minutes for withdrawals.


Popular Cryptocurrencies

Popular cryptocurrencies


Best New Crypto Casinos

FAQ

Can I deposit and withdraw using the same payment method?

Some payment methods such as Boku are only acceptable for deposits. For other systems such as Skrill it’s up to the individual casinos whether they permit its use for both deposits and withdrawals. Always read the terms and conditions before choosing your payment method and to check if there are any fees.

Why can't I claim a welcome bonus with every type of payment method?

Online casinos are aware that bonuses are sometimes the object of fraudulent activity. Therefore, they prefer to pay bonuses to players using methods that involve a high level of identification. While some casinos restrict the use of Neteller and Boku, others might only award a bonus if you use a secure method such as a debit card for your initial deposit. As usual, read the terms and conditions to be sure of the facts.

What are the minimum and maximum limits for withdrawals and deposits?

The exact amounts depend on both the casino and the payment service provider. However, you can generally expect minimum deposits to be €5 or €10 while some mobile deposits can begin at just €1. Withdrawals usually have a minimum limit of €20. Individual casinos make their own rules about maximum limits allowing you to withdraw a set amount each day, week or month. You’ll find the exact details in the terms and conditions.

If I win a huge jackpot how can I withdraw it?

Jackpots are still subject to the casino’s policy of withdrawal limits. It means you might have to be patient and withdraw your mega-prize in instalments. Alternatively, contact customer services to find out if you can negotiate a one-off payment.

How quickly can my withdrawal request be processed?

Nearly every casino has a policy that puts your withdrawal request on hold for up to seventy-two hours before it’s processed. It’s supposed to give you the opportunity to change your mind and keep the funds in your account. In addition, you’ll also need to prove your identity by uploading documents such as a photographic passport or driving licence and utility bills. Once the transaction goes ahead it depends on your payment method as to how quickly it appears in your bank.

How safe is it to make a deposit at an online casino?

It should be perfectly safe if the casino is fully registered and licenced with regulatory bodies such as the United Kingdom Gambling Commission or the Malta Gambling Authority. Being careless enough to register with an unlicenced casino can put your personal and banking details at risk.