Anyone can have a taste of online casino games these days for free. But if you want to win cash in gaming, you must deposit real money. Payments, both deposits and withdrawals, are part and parcel of online casino activities. Hence, online casinos often integrate different payment options so that gamblers can have a variety of methods. The Translation Royale categorized the total number of casino payment options to be six.
Each payment option has its features and process. Ireland gamblers who visit IrishCasinoHEX may have a clue about all possible payment options in Ireland gambling. Each method has a unique processing time and operation. Hence, you will be in a vantage position as a gambler if you understand each option, and it will also matter when you need to choose.
Factors to Consider Before Choosing A Deposit Option In An Online Casino
No wise gambler wakes up to randomly pick any deposit option. Why? Your option affects many things, and of course, your money. Below are the factors that would matter in deciding on a payment option;
Processing time is an essential factor to consider when choosing a payment option. While some payment options take a longer time to process deposits, others achieve the same within a short time. The same thing is applicable for withdrawal. It can be frustrating to expect your payment to be processed in no time, only for it to take a longer time.
Online casinos assign transaction limits to each payment option. There are minimum deposit/withdrawal and also maximum deposit) withdrawal. Identifying this limit is essential for every player. This will enable you to choose your option according to your Budget.
Every payment option except the bank deposit transfer deducts transaction fees. Card payment options, e-wallet options, and other digital payments deduct a particular percentage as a transaction fee. You must consider the transaction fee for each option. The fees may be insignificant, but as your deposits get bigger, the fees become significant. Hence, the need to choose the most convenient option.
The usability of a payment option is how easy it is for people to use the platform. While some options are generic, some work based on devices and location. You must be sure you can use such an option before opting for it. Likewise, some payment options are one-way methods. That is, you can only use them for either deposit or withdrawal alone. You must be careful to understand the usability of each option to avoid loss of money.
Most Used Payment Option In An Online Casino
There are various payment options in an online casino. You can categorize them into three- card payments, e-wallets, and bank transfers. Likewise, there are new other methods known as the SMS deposit and the cryptocurrency deposit. The most used payment options are;
MasterCard is a prominent banking option in the gambling industry. Your bank issues the card as either a credit or debit card. You won’t have trouble looking for online casinos that accept Mastercard payment for both deposits and withdrawals. MasterCard’s processing time is instant, and the transaction fee can vary depending on the amount and casino.
A Visa card is a counterpart of MasterCard. It is also issued by the bank and can be either a credit or debit card. The processing time is instant, and the transaction fee varies.
PayPal is a popular e-wallet option integrated by most casinos. This payment option is swift and secured. You can use it for both deposits and withdrawals. The transaction fee is higher than using a card deposit option.
Skrill is also a popular e-wallet but not as popular as PayPal. The Skrill wallet allows you to make both deposits and withdrawals. The processing time is fast, just as in PayPal deposits. The transaction fee is equally high as an e-wallet platform. The limitation of Skrill deposit is that it may be ineligible for bonus offers on some casinos.
Neteller is an e-wallet platform that allows both deposit and withdrawal in an online casino. The option works just like the Skrill option. It is fast and secure with a high transaction fee. It might be ineligible for a bonus offer on some casinos.
Bank transfer is a traditional payment method in online casinos. It is the most secure of all payment options and also widely acceptable. It allows both deposit and withdrawal. Meanwhile, the processing time is slow and can take days to process.
This is the recent development in online casinos. This option allows you to deposit and make a withdrawal with cryptocurrency. Popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are used in the method.
This method allows you to deposit via the SMS option on your phone. You can only use this option for a deposit. It is secured and fast. The transaction fee depends on the choice of the user in the Pay by SMS app.