Live casino online requires registering and then funding your casino account with money. A secure casino is one where the methods of the payment are safe. There are many ways the live casino account can be funded, and all the methods are free of problems. The most obvious and popular method of funding is, of course, using the debit card or credit card. However, for funding a live casino account there are many other methods which are quicker, easier and more secure. Among the online methods, the one method which is preferred is the online wallet. These online wallets are just like keeping the money in your wallet and spending it as you want without the hassle of logging into your bank’s online banking every time you need to fund your casino account.
Common payment methods at live casinos
Casino deposit methods in almost all of the online and mobile casinos include payment via debit and credit cards. These services are offered by Visa, Mastercard, Amex and many other like Entropy and Paysafe. Among the e-wallet, PayPal and Skrill are the most popular. The e-wallets have an advantage over the cards as you do not have to expose your financial details to the casino. If you are not comfortable with paying online then there is the option of pay by phone. In the pay by phone method you just have to register your cell number once. The other obvious methods are wire transfer and physical checks, but they are slower than the above methods.
- Deposit using credit or debit card
- E-wallets are the fastest method of deposit
- Pay by phone is another safe method for making deposit
Deposits and Withdrawals
Online casino payment methods include the deposits and withdrawals. So, the question is which method you should use? The best method for online live casinos are the e-wallets. You just have to put some money in these online wallets just like you keep them in the physical wallet. You can pay via these wallets and it is an instant deposit. Withdrawals after winning in a casino are also fastest with the e-wallets. The money reaches in your wallet within 24 hours.
Pros and cons with different payment methods
There are many online live casino payment methods as discussed earlier. Each method has its own advantages and disadvantages. If you do not want to use cash in your account but pay later, then the credit card is the best, and it is secure with the latest technological advancement. However, you can overspend with a credit card. The online wallet is the fastest method, but you will have to allocate funds for it which is the obvious disadvantage. Also, some countries do not allow their operation. Traditional methods like wire transfers cost more and physical checks are slow.
What makes a payment method optimal?
So, what is the best method of payment and withdrawal? There are three points on which you should weigh the method. The first priority should be safety, and the credit or debit card method is the least safe for payment and withdrawal, as you are providing the details which may be misused by hackers. The second thing to look out for is how quickly the payment and withdrawal are processed. In this case, the online wallets score above all methods. The third concern is what you are comfortable with. Some people do not trust the internet yet and would like to pay via phone or check.
Safety and security
The first priority for payments and withdrawals is safety, as in all the payment methods you are providing sensitive financial data. Hence, you should check the certification of the website before choosing the payment method. The minimum requirement is an SSL certificate which makes phishing by hackers difficult. The second thing to look out for is data encryption with the latest technology. In the current scenario, almost all online casinos are equipped with the best safety measures. However, you should still check the credentials before making the payments, and the best way to do so is to read reviews.
Things to keep in mind
There are some things to keep in mind while making payments or withdrawing from a casino. First and foremost you should choose a method that is trusted and secure. The method should also be comfortable for you, and this varies from person to person. The next thing is the speed of payment and withdrawal, and online wallets are the best bet in this case. The third thing to keep in view is which payment/withdrawal method is preferred by the online casino. Some casinos sponsor a payment/withdrawal method and grant some extra goodies for opting for them. If you are comfortable with the method then go for it.