Safest Online Deposit Methods

By: Jav Zeb Iqbal.
Last Updated: December 14, 2021.

Safe banking at online casinos is a right for every player. But in an era of countless payment options, choosing a safe payment method can be taxing. There are too many factors to consider. 

And even when you think you’ve found the perfect payment option, it might not feature at your favorite casino site. To save you time, we’ve compiled a list of the safe deposit methods to use at leading online casinos.

Note: Please be noted we do not encourage or support online gambling etc, and we don’t own such portals/websites, please follow your local laws and invest at your own risk. 

Card Payments

Financial experts argue all the time over whether it’s wiser to use credit or debit cards for online payments. Ultimately, the decision is up to you. 

However, credit cards let you gamble with borrowed money—the reason
Britain banned them for deposits in 2019. On the flip side, debit cards
help you gamble through money in your bank account. 

That being said, these are the most popular card providers at online casinos:

  • Visa

Nearly every online casino supports Visa for deposits and withdrawals. At the best sites, Visa deposits are instant and free of charge. Scratch that. You might need to pay a few charges to your credit/debit card provider. But casinos don’t charge you for depositing through Visa.

  • MasterCard

MasterCard is Visa’s biggest competitor. It’s safe, easy to use, and available at all leading casino sites. Like Visa, casinos don’t charge you for deposits. The only fees you might pay are processing fees from your bank.

  • Maestro & Discover

Maestro and Discover are not as popular as Visa and MasterCard. But if you use either card, you can find an appropriate partner casino site. Maestro is available in multiple countries outside of the US. But Discover is best used at US casino sites.

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Bank Transfer

Bank transfer is the oldest payment method at online casinos. It’s still a popular option today. It’s especially appealing for high-rollers. You could deposit from $10 to $100,000 stress-free. A few years ago, bank transfer was considered slow and not ideal for casino deposits.

In this age of Net banking, however, you can deposit money from your bank to a casino site fast and stress-free. If you live in India and love Internet betting, learn more about Netbanking for mobile casinos

As a bonus, you’ll find top Netbanking have been handpicked and ranked based on their quality of games, bonuses, and providing safe payments.

Digital Wallets

New digital wallets come and go. But the popularity of e-wallets, in general, doesn’t change. People love banking online and companies like PayPal, Skrill, and EcoPayz provide excellent deposit platforms.

E-wallets secure your data through SSL encryption. They also store your money in multiple bank accounts but use software for convenient transactions.

  • PayPal

PayPal is the granddaddy of digital wallets. It came out in 2000 thanks to a merger between two startups. PayPal grew incredibly fast between 2000 and 2015, growing from an unknown digital wallet into a powerhouse available in 200+ countries.

Why choose PayPal for casino deposits? It has a plethora of security tools, from HTTPS encryption to Two-factor authentication. Then there’s One Touch, which helps you protect your private information by not sharing it with casinos. 

Also, there are PayPal chargebacks. If you ever get scammed at a casino site, you can ask PayPal for a refund.

  • Skrill & Neteller 

Skrill and Neteller are sister companies owned by Paysafe Limited. Based in London, the two digital wallets support nearly every online casino in the world. The explanation: both e-wallets were launched to facilitate banking in the gambling sector. 

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In other words, Skrill and Neteller have been enabling deposits longer than all other competitors. Unfortunately, some casinos won’t give you a bonus if you deposit using Skrill or Neteller. Other than that, you can enjoy quick deposits, low fees, and ironclad security.

  • Trustly

Trustly is more like an online banking gateway than a regular digital wallet. It works by helping people deposit money to casinos directly from their banks. As such, you don’t need to hold funds in your Trustly account or link a credit/debit card.

The Swedish company also provides a unique service called Pay N’ Play technology specially designed for casino payments. It helps gamblers in Finland, Sweden, and Germany deposit and gamble at casinos without creating accounts.

Basically, Trustly handles the identity verification process in the background. It also gives you an ID to log into your account. But you never have to reveal your email address or name to casinos.

  • EcoPayz

EcoPayz is a money transfer company popular among casino sites in Europe. However, it lets you send and receive money in all parts of the world. It’s fast, secure, and pretty cheap. Like most e-wallets, you add money to your EcoPayz account through a card, bank deposit, or cryptocurrency. 

Cryptocurrencies

Unless you live under a rock, you’ve heard about Bitcoin. It’s the digital currency whose value has skyrocketed from less than a dollar in 2009 to a peak of $69,000 in 2021. It runs through a decentralized ledger of records called a blockchain.

The blockchain is transparent, secure, and scalable. Bitcoin’s scalability, speed, and fees are not so appealing, though, which helped create hundreds of alternative coins. You can use some of these coins for casino deposits:

  • Bitcoin
  • Ethereum
  • Doge coin
  • Bitcoin Cash
  • Ripple
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In case you’re wondering, you need cash to buy Bitcoin. Then you need an account at a crypto exchange like Coinbase to purchase your coins. 

EChecks 

A few years ago, everyone thought depositing money to through checks was a thing of the past. Now, checks are back except you don’t need a checkbook. You need a bank account that supports eChecks.

Are eChecks safe? Yes, eChecks are safe because they involve payments from your bank account to another bank account. Another benefit of eChecks is that they provide the assurance of receiving your money. 

Summary

There are many ways to deposit and withdraw money from online casinos. The options we’ve posted above are safe and secure. But they have their benefits and drawbacks.

Evaluate what benefits you really like to choose the ideal payment option for you. Of course, don’t overlook the disadvantages. They can be dealbreakers sometimes. 

 

Author’s Bio

Jav Zeb is a young and spirited British author with expertise in tutorial writing and product reviewing. She has completed AAT from the London School of Business and Finance, Birmingham. Interests: Drawing, Painting, Blog Writing, Interior Decor, and Reading. Living in: Erdington, Birmingham, West Midlands, UK. You may reach her at [email protected].

 

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Last Updated By on December 14th, 2021 in Learning

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