WHAT PAYMENT METHODS ARE AVAILABLE AT NEW CASINOS?
Last Updated on October 14, 2020 by Jennifer Wright
When choosing a new casino site, players will often look at a number of factors to determine whether or not the operator is right for them. Notably, this includes the new casino’s regulatory status, how quickly withdrawals are processed, what customer support options are offered, and of course – the extensiveness of the gaming suite. However, we would argue that you also need to find out what payment methods are available when choosing a new casino.
For example, it’s all good and well if the casino offers thousands of games, but if it doesn’t support your preferred payment method, the casino will be of little use. Moreover, if you’re the type of player that prioritizes super-fast withdrawals over everything else, then you’ll likely want to check whether the casino supports an e-wallet like PayPal.
With that being said, we’ve listed the main payment methods that are supported by new casinos below.
The most popular payment method supported by new casinos and new slot site operators is that of a traditional debit/credit card. In fact, we at NewCasinoSites.me.uk have never come across an online casino site that doesn’t offer debit/credit cards – purely because they offer the most convenient way for players to deposit and withdraw funds.
All you need to do is enter your debit/credit card credentials as you normally would when purchasing something online, choose how much you want to deposit, and then the casino will process and credit the payment instantly.
Not only are debit/credit card payments usually free at new casinos (be careful of cash advance charges from your credit card issuer), but your details are usually saved for future deposits.
E-Wallets are becoming more and more popular for online punters for a number of reasons. Firstly, whether it’s PayPal, Skrill, or Neteller – e-wallet withdrawals are typically free and instant. Secondly, e-wallet deposits offer greater levels of security, not least because you won’t be required to enter your financial details when you fund your account. On the contrary, you simply need to enter your e-wallet login credentials, and the platform will do the rest.
However, the main motivating factor that is seeing more and more players use e-wallets at new casinos is that they offer the fastest withdrawal times. In some cases, you will see your withdrawal request processed by the online casino in a matter of hours.
Funding your casino account via a traditional bank transfer comes with its pros and cons. On the one hand, bank account transfers are by far the slowest. You will typically need to wait 5-7 working days before the casino credits the deposit, which is far from ideal if you’re looking to place a bet in the here and now. Some new casinos will have a ‘Faster Payments’ link-up, which is great for instant deposits. However, this is still a work-in-progress for some new casinos.
On the other hand, bank transfers come with the highest limits. In fact, you will often find that new casinos allow you to deposit tens of thousands of pounds at any given time via a bank transfer, as the risks of a chargeback or fraud are virtually zero.
PRE-PAID AND VIRTUAL CARDS
A less conventional payment method that is often supported by new casinos is that of a pre-paid or virtual card. These allow you to fund your account to an amount equal or less than what is available on the card, much in a similar way to a conventional debit card. Going the pre-paid or virtual card route offers players enhanced security, as you only need to load your card with the amount that you wish to deposit at the casino.
When it comes to withdrawals, this operates in the same way as a conventional debit or credit card, insofar that the funds will be sent back to the same card that you used to deposit. As such, just make sure the card has the capacity to receive merchant refunds.
If you would instead prefer to make a deposit from your mobile phone, it might be worth considering the pay-by-mobile option. This is where you use your mobile phone credit to deposit funds.
It doesn’t matter if you’re utilising a pay-as-you-go or contract plan, as the process works largely the same. The only difference is that the former will take the funds from your available balance, and the latter bills you at the end of the month.
Although the industry is still in its infancy, a number of new casinos will now allow you to deposit funds with cryptocurrencies such as Bitcoin. You’ll need to transfer the funds externally from a digital wallet to make a deposit, and visa-versa when it comes to making a withdrawal.
BEST OF THE REST?
You might also come across the following payment methods at new casinos.