One of the basic questions that players ask when choosing an online casino is:
- What are the safe ways to deposit and withdraw money?
- Does the casino offer a suitable payment method?
- For what period can I deposit and withdraw my winnings?
Most online casinos offer various payment methods, from which we are sure you can choose the method that suits you best. Before choosing an online casino, we recommend that you check everything about the deposit and withdrawal methods that the casino offers.
The best payment methods are certainly those that are safe, and we will describe each of them in more detail below.
What should you look for when choosing an online casino?
- Make sure the online casino is licensed;
- Find out about the payment methods that the online casino offers in its offer and whether there are additional fees for making deposits and withdrawing money;
- What are the benefits that the casino gives for a certain payment method;
- Check if the casino has any withdrawal restrictions;
What payment methods do secure online casinos offer?
In this online casino withdrawal guide, we will inform you about the most famous ways that licensed and safe casinos offer, and you will choose the way that is best for you.
E-WALLET
An electronic or digital wallet is one of the more popular ways of depositing and withdrawing money in online casinos, which players are happy to use. This payment method is completely safe, simple, and fast, where deposit payments are instant. The electronic wallet is the link between the player and the online casino, thus guaranteeing the player complete security because the casino does not have access to your bank account information.
The most used electronic wallets are:
- Skrill – Offers much faster payouts compared to paying with bank cards or bank transfers. Every transaction is encrypted, and your bank account details are not accessible to the online casino, guaranteeing your anonymity and security. If you decide to use this payment method, we advise you to first check whether the online casino offers a welcome bonus and whether Skrill is included in that bonus.
- Neteller – instant deposits, fast payouts, data security, and many other benefits characterize this payment method. Neteller is also very popular because it provides safety and security to players.
- Paysafecard – Provides a very reliable way of depositing and withdrawing money, because security is guaranteed by the 16-digit PIN you enter.
- PayPal is one of the fastest ways to deposit and withdraw money. The money appears instantly in your account, from where you can transfer it to your bank account.
- eWallets – a convenient and increasingly popular way to quickly withdraw money from the casino of your choice.
Bank transfer
Bank transfers are subject to the strictest checks, which can be a safe option for players to deposit and withdraw money. With this payment method, the speed of payment and the amount of the fee paid during the transaction should be checked in advance. We also advise you to check whether your bank allows gambling-related transactions.
Bank cards (VISA, MasterCard, American Express)
Bank cards are used by a large number of players and this is a popular way of depositing and withdrawing money. Depositing and withdrawing money is safe, and you confirm each payment with an SMS code sent to your mobile phone. Credit and debit cards are used, the most common being Visa, MasterCard, and American Express.
Cryptocurrency
Cryptocurrency transactions are represented in an increasing number of online casinos. It guarantees speed, security, and anonymity. For choosing this option, many casinos provide additional benefits, and transactions are free of charge. Bitcoin, Litecoin, and Dogecoin stand out among the most famous cryptocurrencies.
Paying by phone
With the help of your mobile phone, you can also make payments, where you transfer money to your casino account through your mobile network provider. The most popular platforms for this type of payment are Boku, Zimpler, and Payforit.
How to withdraw money from the casino?
You need to thoroughly familiarize yourself with the policies and terms of the online casino, as each of them has different procedures. Processing can be immediate, or it can take several days, which largely depends on the verification procedure and the chosen method for withdrawing money, as well as the amount of money.
To be completely sure that the money will be paid to the right account, the verification procedure before withdrawing the money requires documentation, with which the player should confirm his identity, address, and method of payment. To confirm your identity, you must submit a valid document (identity card, passport, or driver’s license). For proof of address, you submit utility bills, telephone and water bills, bank statements, and the like. The mentioned documents cannot be older than 3 months.
How long does it take to withdraw money?
When you submit a withdrawal request, the casino places it in “pending” status. While the request is in “pending” status, the casino verifies the player, and the verification timeframe depends on whether the player has submitted all the required documentation. The time it takes to pay out your winnings depends on the withdrawal method you have chosen. While bank transfers take a few days, withdrawals can be instant for electronic wallets. As for withdrawal limits, they solely depend on the policy and procedure of the chosen casino.
Conclusion
Choose a proven, reliable, and safe online casino that is licensed and protects you from any risk. Play at the casino that can offer you a safe deposit and withdrawal method that suits you best. Before investing your money, inform yourself in detail about the policy and procedures of the online casino!
