The Best Deposit and Withdrawal Methods in Online Casinos

Today, we'd like to address a crucial matter, especially for beginners—but even useful for experienced players: what is the best payment method to deposit and withdraw your money at an online casino. This choice is one of the most significant steps of playing responsibly at an online casino.

First, you need to decide what approach you should employ. Once you've got that sorted, second, we have selecting a reliable online casino (we've compiled a list of the best online casinos we've tested for you), and finally, you need to pick the best payment option to deposit and then withdraw your funds. If you fail to do any one of those three, there's a strong likelihood that you'll end up a casual or losing player. That’s why it’s essential to take the time to explore the best casino deposit options, so you can avoid unnecessary problems and play with peace of mind.

Modern online casinos accept a lot of payment methods, from credit cards to e-wallets—each with its advantages and disadvantages. Let's touch on the most used deposit and withdrawal methods briefly:

• Credit or debit cards
• Neteller
• Skrill
• PayPal
• A few other sites may also accept:
• Apple Pay
• PaySafeCard
• MuchBetter

But how do you know which one is the most convenient and secure payment method for online gaming? Let's go over the most used ones.

Credit Card Deposits and Withdrawals at Internet Casinos

If you prefer to pay with a credit card (one of the more traditional approaches), one of the main advantages is fewer players in the transaction. For example, if you use PayPal to pay, there can be up to three players: your bank, PayPal, and the credit card network. But if you pay with your card on file, only your bank and card network are involved—which is simpler and perhaps more secure.

However, some of them have some disadvantages. Not every card is accepted by online casinos to its full potential. Visa will usually work, but Mastercard only partly, and American Express rarely.

Depositing and Withdrawing with E-Wallets in Online Casinos

Among the most widely used digital wallets are PayPal, Neteller, and Skrill. They all work similarly and are governed by financial law—albeit not necessarily the local jurisdiction. Skrill is typically the favorite among players at online casinos, then PayPal, and lastly Neteller (less common among Italian players but more elsewhere).

They're very convenient and instant in payment, which is a big bonus. But there's a catch: they're regulated in other countries—PayPal in Luxembourg, Skrill in England, and Neteller from the Isle of Man. They have stringent anti-money laundering measures, especially for users from abroad.

This typically leads to instant account freezes, wherein your funds are held in place due to suspected behavior. Since the wallet provider does not have total control over your records, accounts are flagged automatically and then evaluated by hand. This will take as long as six months, wherein your funds have been on hold for the entire time. Customer service can normally not step in, as the investigations are carried out by a third party and kept extremely discreet.

For all these reasons, personally I stopped using foreign e-wallets at internet casinos and sportsbooks. 

Bank Transfers for Online Casino Deposit and Withdrawal

And now let's talk about one of the oldest and most underappreciated ways: the bank transfer. Yes, it might sound old-fashioned, but in my opinion it remains the most secure way to deposit and withdraw cash online.

Let's list the drawbacks of cards like e-wallets. Credit/debit cards tend to quickly use up your monthly expenditure without you even realizing it, leaving you unable to make simple purchases. Mastercard and American Express also do not always get accepted by every casino. E-wallets, as previously mentioned, can get instantly closed.

Bank transfers, while not the most rapid—1 to 3 business days—are secure and dependable. Remember the saying, "Slow and steady wins the race." Your money travels a little slower, but it arrives intact.

There are fewer intermediaries: your bank and the casino alone. Large amounts can also be transferred without worrying about card limits, and unless you have a clear case of fraud, your account will not be suspended. Even in exceptional cases, your bank will first call you before they act.

Historically, a bank transfer was not ideal since processing was slow. Times have changed now, though—now a lot of transfers take one business day to clear and even quicker with the use of urgent transfer options.

So while the bank transfer is the oldest method and takes longer than e-wallets or cards, in my opinion, it's still the best and easiest method to withdraw and deposit money on casinos and online betting sites.