Online casinos provide various payment options, which normally fall into three categories:
- Bank card payments
- Electronic wallet payments
- Prepaid card payments
For prepaid cards and e-wallets, the deposits and withdrawals can be two-way. However, prepaid cards are only used for deposits as they get consumed upon spending. One common option is to bet using casinos with Paysafecard payment that provide an easy and safe means of depositing money into your account without exposing bank information.
Bank Card Payments
You can deposit easily from a credit card (VISA, MasterCard, etc.). Once you have registered on the website of the online casino, you can deposit in the form of money by providing the details of your card in the given field.
Make the transaction secure. Confirm the genuineness, legality, and reliability of the site.
Withdrawals work in the opposite way. This is usually where fees are applied, so make sure to verify your individual casino withdrawal fees.
E-Wallet Payments
E-wallets are the way to go. There are countless e-wallets to select from, but a few of the more well-established ones include Skrill, ecoPayz, iDebit, Click2Pay, and Interac—very popular in Canada, where it was invented.
Interac is utilized the most in Canada as it provides a bank secure payment at a quick rate. Interac is operated by Canadian banks and gives you nearly real-time deposits. We would recommend using this option as your deposit means of online casinos.
Cryptocurrency wallets as deposit means are also provided by certain casinos. E-wallet withdrawals are primarily faster in comparison to credit cards.
Prepaid Card Payments
Prepaid cards are only good for one purchase. They are not to be used in withdrawals.
Most popular prepaid service is Paysafecard, which offers $10, $25, $50, and $100 value cards. Its second most popular is Cashlib, which offers the same prepaid services.
How to Deposit in an Online Casino
To deposit in an online casino, follow the following general guidelines (though slightly varying based on the site):
- Open your account on the website of the online casino.
- Activate your account—in most cases, this will be by email and/or phone number.
- Double-check to ensure that you are playing with a real money account and not a demonstration account.
- Locate the "Deposit" section—sometimes it could also be named "Add Funds" or something similar. You should not have any difficulty locating it.
- Select your payment option: bank card (VISA, MasterCard), e-wallet (Interac, Skrill, ecoPayz, iDebit, or even Bitcoin), or prepaid card (Paysafecard, Cashlib).
- Specify the payment details needed and the amount of deposit you want to make.
- Wait a few seconds to a few minutes for processing.
- Begin playing!
Withdrawal from an Online Casino
Withdrawing of money is typically equally simple:
- Look for the "Withdraw" section—usually titled "Withdraw Funds" or something close.
- Choose how you'd like to withdraw: credit card or e-wallet. A casino can compel you to withdraw to the same method as your deposit.
- Remember there could be fees, so you'll receive a bit less than you withdraw. Always check your casino's terms and conditions.
- Provide the withdrawal information required. You will likely be asked to verify your identity through supplying an SMS code sent to your registered phone number or email address.
- Wait for the transaction to be processed.
Credit card withdrawals are the most secure but the longest—usually 1 to 5 days. E-wallet withdrawals are typically processed within hours or even minutes.
Minimum Deposit and Withdrawal Limits
Minimum amounts of deposit and withdrawal vary from casino to casino.
- Minimum deposit: typically $10 to $20, though some use a minimum of $1.
- Minimum withdrawal: typically $15 to $30 and may be based on the withdrawal option.
Maximum Withdrawal Limits
The majority of online casinos enforce maximum withdrawal limits per transaction or per day. Figures vary with the casino's policies, bonus conditions, and fees for processing.
Fortunately, the thresholds are usually high—several thousands of dollars. In case of need, you can wait or make multiple withdrawals in smaller transactions.
What Is an Electronic Wallet?
An e-wallet, or electronic wallet, is a digital money storage facility. It can hold traditional currencies (like USD or CAD) or cryptocurrencies.
For instance, both a Skrill account and a Bitcoin wallet on a crypto exchange website are e-wallets.
How to Pay with an E-Wallet
Preload your e-wallet beforehand—typically by depositing money from a bank.
Then pay at online casinos that have the e-wallet as an accepted payment method. Payment is the same as with a regular bank payment.
