Online casinos are becoming the go-to option for many players. Year after year, their global popularity increases. Unlike land-based casinos, online casinos allow players to game whenever and wherever they want. There are thousands of online casinos to choose from. Some of them specialize in a specific type of casino game, such as poker or roulette. They usually offer a range of unique and very niche games from that category.
Players can find the perfect casino for them thanks to websites like BonusFinder New Zealand which compare different casino offers. Another reason behind the popularity of online casinos is the range of payment options available to players. In this article, we will explore the different payment options usually available at online casinos.
How does payment work at an online casino?
Most online casinos will ask players to create an account in order to play. Players will have to give their email address and some personal information to create that account. Once the account is set-up, players might have the option to play free games at the online casino or to opt for real-money games. Free games or demo games are entirely free. Online casinos will only ask players to create an account but will not usually ask for payment details. However, the best games are real-money games. To access them, players will have to deposit money into their gaming account. After depositing money into their account, they will have the option to withdraw their funds or deposit more money. If a player wins money playing a game, they can also choose to withdraw these funds. In short, players will need to transfer money to the platform if they want to access the platform’s real-money games. But how does one transfer money to an online casino? Which payment options are available?
What are the payment options available at online casinos?
The payment options available at an online casino can vary from one platform to the next. That being said, most secure and well-known online casinos will offer these payment options.
- Credit card
Credit cards are still the most common form of payments at online casinos. Gamers just have to put in their credit card details into the casino’s payment page.
Their bank account will then be linked to their casino account. The casino will be able to withdraw funds from the player’s bank account and transfer any winnings directly to it.
That being said, the biggest problem with this payment method is the lack of security and anonymity.
If the platform is not secure, hackers and scammers could obtain the player’s credit card details and withdraw funds from it.
The bank will be aware of these transactions between the player and the online casino. This might not be an issue for most players, but some individuals prefer anonymity.
Those who prefer to keep their casino gaming habits to themselves choose cryptocurrency payment methods instead.
- PayPal and other e-wallets
E-wallets like PayPal can be more secure than sharing credit card details because they keep your bank details safe.
Instead of sharing your credit card information with the online casino, they act as the intermediary and only transfer the funds to them.
In other words, the online casino will never have access to your sensitive information which protects your account from potential hackers.
The issue with e-wallets is that they usually take a commission. In the long run, these commissions can add up which can be an issue.
- Cryptocurrency
Cryptocurrency is a great option for those who do not want their bank to know about their spendings and gaming transactions. Using cryptocurrency is usually secure and allows for quick and easy transactions. The transaction fees are also smaller than with e-wallets like PayPal. The issue with cryptocurrency is its volatility. Another issue is that many online casinos do not offer cryptocurrency payment options. If you want to pay using cryptocurrency only, make sure you pick a provider that offers that option.
How to check if an online casino is safe to use
There are some signs that an online casino is most likely trustworthy and safe to use.
- Licensed (legal venue)
Safe and reputable online casinos are legal. They will have a license that gives them the right to operate. You can check whether an online casino has a license by looking at its information page or scrolling down at the bottom of its website page. There should be information about their current license(s) on there.
- Reputation
A great online casino usually has a great reputation. It is famous in the gaming world and has excellent reviews from other users. Players should be extra careful when playing at a new and unknown online casino. They should read reviews carefully as some of these may have been posted by bots and scammers. The best way to choose a safe online casino is to select one that is well-established and has thousands of good reviews.
- Official and encrypted platform
Players should make sure they are on the official website of an online casino. Some scammers will create a fake website that imitates a real casino’s platform. The best way to make sure that a website is safe is to look for a lock next to the platform’s online address. This is a sign that the website is encrypted.
- Payment options
A trustworthy online casino will have a good range of payment options available. All of these options should be secure and safe to use. For example, their payment page should be encrypted and have some sort of security. Most trustworthy online casinos will show their security details at the bottom of the payment page to prove that your details are safe with them.
- Great customer service
A great online casino will have great customer service. You can check how good a customer service is by doing some online research and looking for reviews from other users.
Final thoughts
In this article, we discussed some of the payment options available at online casinos. We also discussed some of the ways in which players can stay safe on devices while gaming.
