Casino Payment Methods
When online casinos first came into being, there were only a handful of payment methods available to customers. Now, there are more than you can shake a stick at. All payment methods have their pros and cons, so let SuperLenny help you sort the good from the bad.
In this article, the SuperLenny team takes a closer look at some of the most popular payment methods that are available at casinos. Hopefully, after you have read this, you will have a much better understanding of the different types of payment methods available and will know which ones you want to look out for in our online casino reviews.
Lenny’s Rating – 3/5
Pro: Widely available
Con: Fees may apply
EcoPayz is one of the most popular e-wallets out there at the moment. This is because it is available in around 170 countries and 47 different currencies. This company has been in existence for more than ten years, so you can be certain that they know what they are doing.
How to use Ecopayz to deposit or withdraw at online casinos
Creating an EcoPayz account is very simple and can be done on their website. Once you have an account simply add funds from another payment method like a bank transfer. Using Ecopayz at online casinos is also pretty easy. When you wish to make a deposit or withdrawal with ecoPayz, all you have to do is select ecoCard from the payment options and choose how much you want to add or withdraw from your account. That amount will be transferred to or from your ecoAccount
Lenny’s Rating – 4/5
Con: It can take up to 4 days for funds to clear into bank accounts
While EcoPayz is a very popular e-wallet, it’s safe to say that it is not as popular as PayPal. In fact, PayPal is probably the most popular e-wallet in the world. The best online casinos out there all accept PayPal as a deposit and withdrawal method.
How to use Paypal to deposit or withdraw at online casinos:
When creating an account with PayPal, you can either choose to make a “Personal” or “Business” account. For online gambling, we recommend that you choose the former. Once you have done this, you then have to enter a valid email address and create a secure password. You will then have to fill out a quick form with some personal information, and then you are good to go. You can sync your Paypal with your bank account, making deposits and withdrawals a lot simpler and instantaneous. At an online casino simply look for the Paypal symbol and follow the instructions.
Lenny’s rating – 2/5
Pro: Provides anonymity
Con: Not widely accepted
Bitcoin has become the leading cryptocurrency in the world, mainly because it allows you to transfer money without having to provide the casino with bank details.
How to use Bitcoin to deposit or withdraw at online casinos
To pay with bitcoins, you first need to create a Bitcoin Wallet. This wallet will then basically act as an e-wallet from which you will be able to withdraw and deposit funds whenever you want. Creating a wallet is very simple and can be done on the Bitcoin website (for gambling, we recommend you set up a web-based e-Wallet).
After you have created your wallet, you will then need to think about purchasing bitcoins so that you will be able to carry out transactions at a casino. There are many different ways that you can do this, but we recommend that you simply buy bitcoins directly from the website. When you have purchased your bitcoins, you then need to find a casino that accepts them – not many accept them at the moment, but the number is growing. When you find one, select bitcoin as the payment method and you’re good to go.
Skrill is another type of e-wallet that is becoming more and more popular with online gamers. Like with PayPal, Skrill is often accepted as a deposit and withdrawal method at the best online casinos out there. However what helps it stand out from other e-wallets is the fact it has a VIP programme that can lead to bonuses such as a personal account manager, lower fees, and priority bank uploads. They also have a Skrill prepaid Mastercard that can be used at all stores and websites that accept Mastercard.
Like with the aforementioned e-wallets, you can create an account in a matter of minutes. Simply go to their site, click “Register”, enter a valid email and secure password, and then fill out a short form with some basic personal details. The verification method can be a bit tedious, but at least you can be certain that you are in a safe and secure environment. Depositing and withdrawing money is easy – the former is instantaneous, while the latter usually takes around 24 working hours (but it can vary between casinos).
SOFORT has become a very popular payment method among European online casino players and for a good reason, too. This German company has been around for a very long time, and they have been able to gain their customers’ trust thanks to their fast, secure, and easy-to-use service. Security is obviously important for online casino players and the security that SOFORT provides is top quality. When you make a deposit using this method none of your personal or bank account information is revealed to the casino.
Another positive about this payment method is that you don’t need to create an account to use it – your payment will be processed using your bank account details. However, like with everything in life, nothing is completely perfect. The downside to SOFORT is that it is only available in a number of European countries (Germany, Austria, Belgium, Poland, France, Spain, Italy, the Netherlands, and the UK. Therefore, if you do not have a bank account in one of these countries, you cannot use it. If you do, we highly recommend it.
Zimpler stands out from other popular payment methods as it has a mobile-first approach. The owners of this company know that mobile users love a secure and fast method when it comes to their transactions, so this is exactly what they provide their customers with. Zimpler was only launched back in 2016, but the secure and efficient services that they offer mean that many of the best online casinos out there have added it as one of their many payment methods. You can use your bank account or credit cards for transactions.
When you use Zimpler for the very first time, you will automatically create an account. After you have added your bank details and have made your first payment, all you will need for your next deposit using Zimpler is your mobile number. Zimpler also has fantastic support available for all of its users. Many larger companies do not provide the same great support that they do. Whenever you have any problems or a question you need to be answered, they can be contacted by chat, email, or by telephone.
With some many payment methods to choose from, players can often be left with a few burning questions. Here, are the answers to some of the most popular questions SuperLenny comes across.
Which is the safest payment method? In general, Paysafecard and Visa or Mastercard are the safest options to use when making payments or withdrawals
What payment method is the fastest? E-wallet payments tend to be the fastest often occurring instantly. Debit/Credit card payments tend to take 1-3 days to process. Bank transfers usually take around 5 working days.
Is Bitcoin illegal?
Many countries in the world have banned or restricted the use of Bitcoin, so SuperLenny would advise any cryptocurrency fans to check regulations. In the UK Bitcoin is legal to use.
Should I use an E-wallet?
It depends on preference, E-wallets tend to be the method of choice for players who prefer not to share their card details online. E-wallets also tend to have the fastest payout times.
How are my casino winnings paid?
As a rule of thumb winnings are paid out in the same payment method deposits were made. E.g if you played using a Credit or Debit card and won, the winnings would be transferred to that card.
Who can I contact if I have problems?
The casino’s customer service team should always be the first port of call if a player has any issues. Good customer service is appreciated and valued by Lenny, which is why SuperLenny rates customer support in our reviews.
If players have more questions please check out our FAQ page.