Most Popular Deposit Methods Across the Casino Industry

Making deposits at online casinos is easier than ever. Compared to 10-15 years ago, players can choose from a wide range of payment methods. Bank transfers remain a favorite, but to be honest, there are faster and more flexible options out there.

If you’re new to the world of online gaming, we’ll cover some of the most popular deposit options currently. Check them out before you register at a safe casino site and start playing.

Bank Transfers

Good ol’ bank transfers are still a reliable option at safe online casinos. They’re far more advanced than in the past. Digital bank transfers allow players to deposit large sums of money, and the direct nature of the transaction makes it a highly secure option. Of course, the downside still remains the processing times. Digital bank transfers offer instant deposits, but withdrawals can be a pain.

But that’s the price you pay for safe transactions with larger limits than the rest of the crowd. Bank transfers are still the preferred payment option for crypto whales and high rollers. These players don’t want to experiment, and will always pick bank transfers over any other option.

Debit Cards

Debit cards are the go-to payment method for most casino players. Almost everyone has one as they’re usually issued by banks. Visa is the most popular pick, offering a straightforward, easy, and fee-free deposit experience. Its popularity soared even further when the UKGC banned credit card use for gambling in the UK.

With Visa debit cards, you can make a casino deposit as easily as you pay for online services or products. The process is the same from start to finish. This makes debit cards a highly popular option for players all over the world. Plus, they’re almost as secure as banks and deposits are fee-free, which plays into their popularity.

E-Wallets

E-wallets are second to none as the preferred casino payment method worldwide. The reason for this is that most of them are designed for online gaming. That’s the case with Neteller and Skrill, two e-wallets that can be found at nearly any casino site.

This payment option offers speed and flexibility. E-wallets can be funded in many ways, and shouldn’t necessarily be linked to your bank account. Even if you do link them to a bank account or card, you won’t be using any sensitive data to make a payment. You can complete the deposit by logging in to your Neteller or Skrill account, for example, and make a payment with your card, or bank account, or simply by using the funds available in the e-wallet.

The only downside is that there might be some small fees, especially for internal funding. Also, not all e-wallets qualify for casino bonuses. If you’re the type of player hunting for bonus offers, you should take a good look at the terms.

Prepaid Vouchers

Prepaid vouchers are getting increasingly more popular as a casino payment method. This type of option was popularized by Paysafecard, a prepaid card with predetermined amounts that can only be used for deposits.

The biggest advantage of prepaid vouchers is the fact you can buy them online and in retail stores. If you buy virtual vouchers, you’ll receive a PIN code you can enter to redeem the funds. For physical cards, you must scratch it off.

The main negatives of prepaid cards are the lack of withdrawals and limited amounts. You can only deposit funds up to a maximum of $200 when using Paysafecard. This problem can be solved by simply buying more cards to reach the limit set by the casino. But it’s a bit of a nuisance. The lack of withdrawals also works against prepaid vouchers, as players prefer a one-size-fits-all solution.

Pay by Mobile

Pay by mobile is another payment method growing among casino players worldwide. It’s available for deposits only similar to prepaid vouchers and is a great pick for new players. This is because the limits are often tiny, maxing out at around $30 or so. Deposits are confirmed via SMS, and you need to have a valid phone number from a licensed provider to make such a transaction.

The pay-by-mobile payment solution allows you to play now and pay later. It doesn’t allow withdrawals, and all deposits are charged to your next monthly phone bill.