Online Casino Banking Methods

Online Casino Banking Option

The casino payment options available has grown with the arrival of online casinos to the US market. It's not enough for players to check out security, games and licensing when selecting the best gambling site, it's also important to check out the payment methods available. Withdrawal and deposit methods include e-wallets, credit and debit cards, and bank transfers.

Despite this range of options, it's not always easy for US players to determine which is the best method. With this in mind, we will evaluate each of the payment options available to you.

Is It Safe To Deposit At An Online Casino?

Yes, depositing at betting sites is safe. As a general rule, online gambling sites are protected with SSL encryption protocols, which prevent player data from falling into third party hands. On top of this, each payment method will have additional security measures in place.

For debit and credit cards this includes provider verification and fraud detection; for eWallets dual verification and passwords are the norm.

Online Casino Deposit Methods

There are a number of different online gambling websites options for depositing. While there are numerous methods, some are better for deposits than others. Here are some of the most popular deposit options:

  • Visa
  • MasterCard
  • American Express
  • Western Union
  • ACH
  • PayPal
  • PayNearMe
  • Skrill
  • Neteller
  • Bitcoin

As we've noted, US gambling sites offer three main methods for players to deposit: Card options, e-Wallet options, and bank transfers.

Card options: Credit Cards, Debit Cards (Visa/Mastercard), Prepaid Cards, Gift Cards, Play PlusThe most commonly accepted deposit option is credit cards. Credit cards as a whole offer convenience with most players already using a card of some kind. Making a deposit involves typing in the card number and your additional user data for verification, and the deposit is done. Prepaid Cards and Gift Cards work in a similar way, with specific codes to enter.

Some gambling sites offer a Play Plus option. Play+ allows you to fund your online casino account with a credit or debit card or even with an eCheck. This allows you to avoid restrictions your bank may have on gambling transactions. Betting websites in the US may even send you a physical Play Plus card that you can use.

E-Wallet Methods: PayPal, Neteller, Bitcoin, PayNearMe, SkrilleWallets are becoming vastly more popular and facilitate flexible payments from a virtual wallet to the casino account. A real bank account with cards is linked to the eWallet making deposits incredibly fast. eWallets also ensure that your data is kept to a minimum on the casino's end, reducing the chances of fraudulent activities.

Bank Transfers: Wire Transfer (bank account), eChecks & ACH

Wire transfers involve visiting your bank and sending funds directly to the casino's bank account. eChecks and ACH are both online and can be used to set up payment options in a direct debit format.

Online Casino Banking Methods

Credit & Debit Cards Deposits At Online Casinos

You can use credit cards, debit cards, prepaid cards and gift cards at US gambling sites.

Here is how each works:

Visa Online Casinos

Visa credit and debit cards are possibly the most popular deposit option at US gambling sites. Visa has a great reputation for its strict regulations and smooth, secure, and fast depositing abilities.

When it comes to deposits, Visa is a great allrounder. There's generally a minimum deposit of $20 required, and while maximums will vary across casinos, it's usually in the thousands. Better still, Visa tends to have no, or very low fees attached when making a deposit. Of course, you'll have to check each online gambling site to ensure they haven't added a fee of their own.

MasterCard Online Casinos

MasterCard is widely used in almost all US betting sites. Most players already have a MasterCard making it readily accessible. MasterCard is highly secure too, requiring the full card data, your name, and numbers each time you make a deposit ensuring complete security.

For deposits, MasterCard is a great option, usually offering a $20 minimum. Maximum deposits vary across casinos but tend to be big enough to make it worthwhile. There are sometimes fees attached, but these tend to be minimal

It's also a good idea to remember that while MasterCard can be used for deposits in both debit and credit card form, the latter is significantly more secure, with the company helping you to recover lost funds if such an event occurs.

Prepaid Cards Online Casinos

One of the newer payment options, prepaid credit cards, are offered at a growing number of US websites for betting. By using a prepaid card, you can restrict your own spending and set limits.

Prepaid cards work similarly to normal credit cards meaning deposits are easy, fast and secure. Simply buy the card at the store, load it with cash (in-store or online) and then it can be used in the same fashion as the credit card by inputting the card number and any further required details.

What makes this option extra secure is that you've bought and loaded this yourself. It's not tied to you in the way a credit card is and makes the payment more anonymous. They also have very low fees attached and offer a similar range of minimum and maximum deposit values to regular card payments. There's not even an expiration date, as these cards can be reloaded and used again.

Gift Cards Online Casinos

If you're lucky enough to be given a gift card, you'll have to check that the casino you're playing at accepts them.

Gift cards look similar to credit cards and have a barcode. However, they tend not to have a name on them, instead of having a unique code in order to be recognized during use. In order to prevent counterfeits, the cards are encrypted.

Added to that, they're also safe as they have no value until they're sold. The amount added to the card is stored in the store's database and linked to the card's ID rather than being stored on the card. It's also only activated after calling a specific number.

These gift cards can come from a number of different brands, with the most popular being Visa and MasterCard. They can also come as prepaid reloadable options, as well as a fixed value, one-time payment options. These fixed value gift cards sometimes will have an expiration date so pay attention to that.

They can also have minimal fees attached depending on the casino. They tend to offer similar minimum and maximum values to regular credit cards, and, needless to say, cannot accept withdrawals.

E-Wallet Payment Methods For Online Gambling

PayPal Online Casinos

PayPal is an eWallet payment that has long been accepted as an online payment method, but does it work at all casinos? The answer is no. Despite the fact that PayPal is popular in the US, there aren't too many casinos that support it as a payment method. However, those that do enable you to make both deposits and withdrawals.

A point strongly in PayPal's favor is that there are no fees. No setup, gateway or monthly fees at all, not even from the casino's end. It's also completely secure as you only provide the email your PayPal account is linked to when setting it up with the online gambling websites.

When it comes to deposits, PayPal users are lucky as there tends to be a low minimum, sometimes as little as $10, as well as a maximum in the range of thousands of dollars. Transactions will also occur instantly meaning you can get playing right away.

Neteller Online Casinos

Neteller is a Canadian-based eWallet that's one of the more popular casino payment options thanks to its security and speed of transactions. Due to the way it is set up, you'll never give personal details to the casino. You only have to submit your Neteller account ID and security ID when making deposits.

What's really great is that there are no fees from the casino's end. However, there are some fees for funding your Neteller account in the first instance, and the percentage taken from your funding will depend on the funding method used, though it's usually between 1-2%.

Generally, there are no deposit restrictions in place, though the exact deposit minimums and maximums are decided by the casino operator. Usually, both budget and high roller players are satisfied, especially as your account is funded immediately.

Bitcoin Online Casinos

Bitcoin is a cryptocurrency payment option that's generally not accepted by legal casinos in the US. However, technically, under Federal law, it is not unlawful to use Bitcoin in most states as demonstrated by Delaware, New Jersey and Nevada all of which permit deposits via this method. Nevertheless, if laws change demanding all gambling businesses being required to transmit all wagering through authorized bodies, it is likely these states will cease offering Bitcoin options.

PayNearMe Online Casinos

PayNearMe is the fastest-growing casino payment option for US players. It works by allowing you to play with real money by paying cash, transactions that usually need a card. It requires both on and offline payments, all of which can be done securely using your bank account.

Once you've handed the cash and card to the teller, they will put the cash on the card giving you a unique barcode used for repeated deposits. This multi-step procedure helps make PayNearMe a very secure option.

Most US casinos accept this method, but there are some fees. Most of the time these are negligible and vary from $0 to $5.99, with most casinos setting it at $1.99. The only downside is that the deposit isn't instant as you have to take your cash to a store.

Once the cash is on the card, however, making a deposit to your casino account should see the balance pop up in ten minutes or less. As with all payments, there are deposit limits. Minimums are in the $10 to $20 range, but maximums are generally smaller, set at around $500 per day.

Skrill Online Casinos

Skrill is a popular eWallet payment option that offers fast, secure and anonymous online payments. It's offered at a number of US casinos, though not all of them. Making a deposit is really safe, as you don't need any bank or card details, just the email address linked to the Skrill account.

It also has a 2-factor authentication system in place to further prevent fraudulent activities. Selecting the deposit amount in the casino cashier page sees the money pop up almost instantly.

However, there are often small fees associated with making a Skrill deposit and oftentimes, bonuses are not eligible on a Skrill deposit either. It's worth noting that these fees are lower than Neteller's. Finally, there are minimums of $10-$20 on a deposit, but the maximum can often be unlimited!

Bank Transfers Options At Online Gambling Sites

Wire Transfer Online Casinos

Wire or cash transfers can be done through Western Union or Moneygram and are accepted at a wide number of US casinos. Though this used to have to be done in person, now you can make these transfers online or over the phone. Simply give the deposit amount to your transfer agent along with the casino's bank account details, and the funds are deposited directly, though it can take a few more hours to process than other methods.

There are also limits to how little, or how much, can be deposited at one time and this can often depend on the bank though deposits allowed are usually very large, in the tens of thousands. The system is also highly secure as it uses SWIFT, which operates under the highest security standards.

eCheck Online Casinos

eChecks are a digital version of the standard check and offer a convenient and secure deposit method as they allow you to deposit into the casino account directly from your bank account. This option is becoming more popular at US casinos though still not as widely used as other options. Because your eCheck funds are not automatically available (the payment has to be processed and completed through your bank), there is a delay in deposit time, which can take 3 to 5 days.

This deposit method is very safe, with security as a top priority operating using authentication, digital signatures and more to ensure player safety. There are minimal fees for the use of an eCheck system, but no additional ones. While it cannot be used for withdrawals, deposits made through this message can usually be significantly larger than those made through other methods.

ACH Online Casinos

ACH, or Automated Clearing House is a processing e-payment option that enables direct debit transactions. It is exclusive to US casinos and offered at the vast majority of them. While this method is very secure thanks to the protocols put in place for verifying the process, there are limits on what you can transfer. There are high minimums in place - it needs to be $50 minimum - though at the top end, it's unlimited, and the funds can take as long as 5 working days to appear in your account.

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How To Withdraw Money From An Online Casino

When it comes to making a withdrawal from the casino of your choice, there are a number of different options available to you. However, these options are somewhat more limited than the deposits. To make a withdrawal you'll simply need to head to the cashier section of the site, select the withdrawal option you'd like to use and input the withdrawal value.

  1. Click on the cashier section of the online casino
  2. Select your preferred payment option. Usually, if it's possible, this should be the same payment method you used to make the initial deposit
  3. Input the withdrawal amount you'd like to make, ensuring it fits within the minimum and maximum requirements of the casino
  4. Click confirm
  5. Funds will be transferred once the processing period of the casino is complete

Online Casino Withdrawal Methods

There are a number of different betting sites options for withdrawing:

  • Western Union
  • ACH
  • PayPal
  • Skrill
  • Neteller
  • Bitcoin
  • eCheck

Online casinos in the US offer three main methods for players to withdrawals: PayPal, ACH, wire bank transfer and checks. Some casinos may offer additional withdrawal methods that include Neteller and Skrill.

PayPal

For the most part, withdrawing with PayPal does not attract any fees and you should see the money pop into your account within 24 hours to 3 days depending on the casino's processing time. There are withdrawal restrictions, usually a minimum of $20, but the maximum can be into the thousands. It's also a very safe method to use as you don't need to give any bank details to the casino, instead you simply input the email address linked to your PayPal to receive the payment.

ACH

ACH is widely accepted at US online casinos for making withdrawals though only if you have a US bank account. It offers a secure platform that enables cash from the gambling site to be directly transferred to your bank account. It's less secure than other options as you'll have to input your full banking details into the casino cashier section for your withdrawals, though most casinos should have SSL encryption in place.

There doesn't appear to be any fees associated with the withdrawals, but the problem here is that it can take 10 days to receive! However, when it comes to the value you can withdraw, ACH users will find they have a wider set of options.

Wire Transfer

Wire transfers is often the default withdrawal option for US online casinos, especially for players who deposited using cards or cash transfers. Using this method will see the casino transfer your winnings directly to your bank account, though this does mean giving the gambling site your full bank details.

Though it can be a problem giving all of your details for some players, it's still considered an extremely secure option. Wire transfers can also incur large transaction fees so you'll need to check both the provider and casino for this. Finally, when it comes to withdrawals, there's a pretty high maximum in place. Better still, most gambling sites will ensure that your winnings have reached you within three days.

Physical Check

Physical Checks are a surprising option available at gambling websites in the US. To receive one of these you'll need to give your name to the gambling site, but bear in mind this will have to be posted to you. This means that though there are no fees, and the withdrawal limits are higher than other options, it will take a long time to reach you.

Neteller

Few US casinos give Neteller as an option. Withdrawals through this method operate in the same way as deposits with players needing to use their account and security IDs at the check out section. Depending on where you're withdrawing to, Neteller has various fees, but direct to your Neteller account is completely free. Other options can be anywhere from $7.50 to $25.

Neteller withdrawals are one of the fastest to be funded, arriving in your account within 24-48 hours. They're secure as you haven't had to give any info to the casino, operating through a third party. The minimum and maximum withdrawal values can vary between casinos, but generally, you're looking at a low of $20 with a high of $5000.

Skrill

Skrill is available at a growing number of US gambling sites. Making a withdrawal is simple and secure because there's no need for you to input any personal data. Instead, you simply use your email attached to the Skrill account, select the withdrawal amount and it's done! Skrill does charge a small fee for withdrawing money to your bank account.

One of the major pluses is that withdrawal times are fast, usually between 1 to 2 days. There are also decent minimum and maximum limits in place so that a range of budgets will be satisfied with the options they are given.

Withdrawal Limits At Online Gambling Websites

There are always minimum and maximum withdrawal limits and these will depend, both on the online casino and the withdrawal method you've chosen. Most online gambling sites require a minimum of $10 - $20, but bank transfers and checks tend to be higher. Maximum withdrawals depend, again on the casino, and can be set at a daily, weekly or monthly limit. Often this is around $5000 - $10,000. However, if you request a greater amount, this will simply be paid out to you in the max installments each month.

Payout Speed - How Long Does It Take To Get My Winnings?

The length of time to get your winnings does depend on the payment provider as well as the processing time of the casino. In general, eWallets are the fastest method with your winnings popping into your account in anywhere from 1 to 24 hours after the casino processing period. Credit and debit card withdrawals are longer, often between 3 to 5 working days. Bank transfers are longer still, taking as much as 10 days.

Frequently Asked Questions

What payment methods are the fastest?

eWallets such as Neteller, Skrill, and PayPal are the fastest payment methods.

Should I use an eWallet payment method or Credit Cards?

The choice of which payment method is entirely up to you! Each has its pros and cons so you should choose based on your own needs.

Are there hidden fees with any of these payment methods?

No. If there are fees attached, the payment option explains them.

Do I need to own a credit card to make a deposit?

No. There are numerous payment methods available, many of which do not need a credit card. What if there is a problem when depositing or withdrawing at a betting site?

If there is a problem you will need to contact the casino support as well as your payment provider to see where the issue lies. Does it matter where I'm located in the US?

Yes. Each state has its own rules and regulations regarding online gambling and its legality. You need to be in a state where gambling is legal and using an online casino that's licensed within that state.

Is my information kept private?

Yes! Online gambling sites have to follow strict rules and regulations in their licensing which includes ensuring that there are stringent SSL encryption protocols in place to protect your data from third parties.

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