It is paramount for any casino player to be aware of the options for safely deposing/withdrawing funds when visiting an online casino regularly. After all this is one of the most important aspects directly concerning the safety of the player’s bank account the best way to deposit or wager at his/hers favorite casino.
Over the year the payment methods have been steadily increasing in both variety and security so it is important to note all the differences, advantages and disadvantages of said methods. Thus a list of all the major banking services and money transfer providers has been assembled and categorized for your informative pleasure. We included all the necessaries by type and pros/cons as well as emphasis on Playtech and their overview on banking.
Online casino payment methods
There are several types of online casino payment methods, each with a variety of options and bonuses available. Of course, it is up to the player to choose which benefits him/her the most since different online casinos partner with a variety of banking (money transfer) services and one doesn’t always support the other. What is of importance here is the a) banking methods (i.e. Visa, MasterCard, ECOCard, Skrill, Neteller, etc.) b) available deposit options, c) available withdrawal options and finally d) fees that apply when depositing/withdrawing.
There are several types of banking methods available for players:
Credit cards – primarily VISA and MasterCard and their debit variants. Credit cards are a convenient and safe way to deposit at an online casino, as well as for withdrawals when applicable. They are widely used by players since they offer great protection (128 bit SSL encryption and 3D algorithms are a tough nut to crack).
E-Wallets – Neteller, Skrill and other services offer a substitution for electronic currency, i.e. e-wallets. These banking methods offer straightforward and secure payments from a third party that acts as a mediator between the bank and the online casino. The advantages they offer are bonuses when deposing with an e-wallet account, increased security and ease of use.
Pre-paid – ECOCard, Ukash and others offer pre-paid vouchers (cards) for conducting online payments. They strong suit is anonymity making them virtually un-hackable, as well as being instant sources for e-funds for making deposits. However, pre-paid cards do not allow withdrawals.
Bank Wire Transfer – the oldest and most widely used method for direct money transfer for funding a players online casino endeavors, the bank wire transfer is secure since it doesn’t involve third party support and is supported virtually by almost any online casino on the market. However, the procedure to obtain it can be quite complex and there are fees for both withdrawals and deposits.
Players around the globe have praised Playtech’s online casino solutions, no matter if it’s their software line up, games or casino partners. This is due to their continuous tradition of providing secure and safe platforms with 128 bit SSL encryption, where players can deposit and withdraw their funds via a number of supported banking methods.
Depending on the player’s preference and the bonuses available at a Playtech casino, they can choose from PayPal, Neteller, Skrill, Click2Pay or ClickandBuy. Credit cards like Visa and MasterCard are supported, as well as prepaid options.