We have broken down the available options into three main categories to help you understand their differences and choose the method that will work best for you:
Card payments are undoubtedly one of the more popular methods available due to being universally accepted and trusted. They can be used for both deposits and withdrawals, and are normally subject to bank charges.
These types of transactions typically take a bit longer to process but are ideal for making large deposits. Wire transfers can be used at a small fee for deposits and withdrawals, while other transfer methods may be restricted to deposits only – check the casino’s cashier page beforehand to make sure.
E-wallets are extremely popular due to being quick, convenient, cheap, and very discreet. Some methods like PayPal can be used to both deposit and withdraw, while others can only be used for deposits (again, check the casino’s cashier page to find out what is allowed). We take an in-depth look at these types of transactions in the next segment below.
A Web-, Digital-,or e-wallet is an electronic program that enables users to store an amount online, protected behind a password, and manage all their online transactions safely and instantly via one account.
An equally varied amount of similar options exists when it comes to withdrawing casino winnings. Restrictions and fees do however apply, and can differ from one withdrawal method to the next. These include things like the amount of days players would need to wait until funds are cleared into their account, and the allowed minimum and maximum amounts that may be withdrawn per week / month. These restrictions will usually clearly be stipulated on the casino’s banking page.
Regulated casinos secure their sites through the use of digital encryption technology. As a matter of interest, encrypted web page urls will always begin with “https://”. In layman’s terms, what this means is that the communication link between the casino site and user’s internet browser is protected. There are two types of security protocols casinos use to protect sensitive data, namely SSL (Secure Sockets Layer) or TSL (Transport Layer Security). Both employ bit keys that encrypt data, making it almost impossible to decipher and gain access to.
KYC stands for Know Your Customer and it involves the process of verifying customer information. KYC documents generally include proof of identification and address, and casinos have the right as part of their banking regulations, to authenticate all customers prior to payment or whenever they deem necessary.