One of the primary concerns of new casino players is depositing money into their accounts.
With so many gaming platforms and different payment methods available, it is no surprise that beginners often get confused about making a deposit.
Based on our experience, there are three things you should consider:
- Find a gaming site that has your preferred payment method;
- Create a new account;
- Deposit money and enjoy your gaming session.
On this page, you will learn more about the available payment methods and how you can quickly get started with online deposits and withdrawals.
Let’s get right to it.
Where to find an online casino that accepts your favourite payment option
Suppose that you’ve decided to enjoy some online gambling action. In that case, you will need to know which platform is suitable for you.
In addition to the game collection and bonuses offered, you need to consider if you can use any of the available payment methods to deposit. But how?
We found two ways to find a reliable gaming platform:
- Manual Google search;
- Use a specialty site with payment method filters;
The difference between the two approaches is straight-forward – using Google will take a long time, since you will need to manually check if the platforms has your payment method available (which usually requires signing up).
Contrarily, by using a gambling platform curation site, you will get access to in-depth expert reviews about all the online casinos available in your region.
On top of that, these sites generally come with advanced filters that will allow you to search for the exact payment method you want to use and provide you with a list of all the special promotions available for that particular banking option.
While you can research by yourself, we strongly suggest taking recommendations from iGaming experts that have been in the business for a while, especially if you’re just getting started.
Step-by-step online casino deposit guide
Once you’ve selected a suitable casino platform, you will need to register an account. With that out of the way, you can follow our 5-step deposit process and start wagering within minutes:
- Log into your account;
- Go to the Cashier or Deposit page;
- Pick your favourite payment option;
- Fill in the correct payment details;
- Choose an amount you want to deposit.
Please note: During step 3, we mentioned your “favourite” payment method. However, you won’t always find all the available payment methods on a gambling platform, so you need to check this information before signing up.
After adding funds to your balance, you’re ready to start spinning the reels or enjoy an online casino table game experience.
In the next section, we will go over the primary payment options available and help you decide which one is better for you.
Let’s find out.
Payment methods available
When choosing a payment method for gambling purposes, you may become concerned about the security or additional fees that the operator might incur.
Not all banking options are made equal. That’s why we broke down all the available solutions into 6 primary categories, each having its unique set of advantages and disadvantages.
Credit and debit cards
Credit card deposits are easy to make. That’s the reason why this payment option is the most popular one available.
Based on our previous experience, any online casino accepts credit and debit card payments. However, they don’t necessarily work with all the credit card providers available. While you will generally find Visa and Mastercard payments, Diners Club or American Express are not too familiar in online casinos.
The great advantage of depositing using a card is that the payment is processed instantly, and your funds will be readily available within seconds after completing your transfer. Also, you will be able to use the same card to withdraw your winnings once you’re done gambling.
Be advised that some banks don’t support gambling payments, meaning that your provider may block the transaction if they aren’t working with online casino platforms.
Bank or wire transfers are slower than any other deposit method. However, it is a standard banking option available on most platforms, and the withdrawal time is relatively fast.
We’ve identified three main reasons why you should use wire transfer for deposits:
- You want to deposit a large amount;
- You don’t have a debit card;
- You don’t trust the platform enough to provide your banking details.
To deposit using wire transfer, you need to enter the relevant banking information, including a reference number and account number. Once the operator receives the transfer and processes it, the funds will be added to your account
Think of an e-wallet as a virtual bank account. They are easy to configure, and you can use them to instantly transfer money to any casino operator that accepts them.
Gamblers love using e-wallets, since they have low fees and you can use it to by-pass restrictions imposed by your banking provider. The most popular e-wallets are:
Be aware: Some casinos will not allow you to claim their welcome bonus using e-wallets, mainly due to security concerns. Read the Bonus Rules before proceeding to the cashier.
The newest addition to the casino payment methods list is cryptocurrency. These virtual coins can be purchased from a crypto exchange (using a digital wallet) and then instantly transferred to your casino platform.
The most common cryptos you can use for gambling deposits are:
Using crypto to fund your gaming account is, in our opinion, the most advantageous method on the list. That’s because it offers instant payments, transaction anonymity and allows players to explore new gambling opportunities that they couldn’t otherwise get access to.
However, the crypto market is subject to market volatility.
For example, you may deposit 1 ETH at the price of C$2530 and when you withdraw your winnings, the value of ETH could drop to C$2300, which means that you will lose some money in the process. Still, the opposite can happen, and you could make a decent profit just from price volatility.
Using prepaid vouchers or virtual credit cards has exploded in popularity during the last decade. They are ideal for gamblers who:
- Don’t have a debit card;
- Don’t have an e-wallet;
- Live in a restricted country
To use a prepaid card, you have to buy one and deposit by filling in the details provided. Be advised that you won’t be able to use prepaid vouchers as a withdrawal method, meaning you will still need to find an alternative option to cash out your winnings.
Checks are a classic deposit option, which is considered by many to be the most secure. That’s mainly because you don’t need to provide any financial data.
Nowadays, however, most reputable online gaming sites use advanced encryption technology to store your card details, meaning that using a check is no longer necessary for making a secure deposit.
On top of that, checks are processed extremely slow, and it can take up to 2 weeks to clear out and get the funds added to your account.
The bottom line
Depositing funds to your casino account is not a difficult task if you spend time researching a suitable payment method.
Using the information provided in this guide will allow you to join a gambling session without worrying about deposits, withdrawals, and other payment-related information.
We suggest using the recommendations from a specialized gambling platform curation website since it will provide you all the details regarding a platform. This way, you will be able to compare the online casinos and choose one that suits your needs.
Bear in mind that gambling should be treated as an entertainment activity, not a primary source of income. Remember to gamble responsibly and only use money that you can afford to lose.