Online casino payment options - How to select the most suitable?

The payment methods around the world are almost unbelievable. Whereas you could once choose between bank transfers and several credit cards at best, now it is easy to get lost. Even when the online casino payment options continue to be accepted in theory, there is a definite move toward even more hassle-free e-wallets and online banking apps like Revolut and N26.

There are many websites that provide details about casino bank options and what payment option is suited for you in terms of betting in online casinos. We have summarized the most related information concisely in this article.

Credit and debit cards

Card payments have long been the go-to way of depositing and withdrawing money and haven't lost their popularity. After all, nearly every adult German has more than one debit card on their bank account.

There are various credit card issuers accepted in online casinos, and they differ geographically. Most well-known would probably be Visa, Mastercard and American Express. Debit cards of almost any bank are also accepted at online casinos in Germany. It is however increasingly rare to find operators that take EC cards as a payment option.

The advantage of payments with cards is that almost everybody has access to them and such payments are usually free of charge to the player, i.e. completely free of charge. A disadvantage, nevertheless, is that it usually is not possible to withdraw with claims, especially with credit cards, as the connections of the online casinos are set for something else. In this case, however, you might choose a different kind of payment which works without difficulties.

Bank transfers

• Least of all in Germany, this form of online casino deposit and withdrawal is among the most favorite means.
• After all, there is not a single German who does not have a bank account.
• Thanks to modern technologies and online banking, even transfers between and from bank accounts currently work quickly and unproblematically.

Sometimes, there may be a few working days before payments are posted to the player's account, but this is occurring less and less frequently as the banks are falling into step with the times and making instant payments.

One of the disadvantages that some players may be aware of is the lack of anonymity of the player. This is because the bank has the ability to follow up on the account transactions and the bank account is usually also immediately linked to the player. Thus, if players wish to be entirely anonymous when making payments, they are forced to use other options such as e-wallets.

E-wallets

E-wallets are ideal for all the players looking for quick and safe transfers. The reason is that most of the e-wallet service providers make payments within a few seconds and in the majority of cases at no cost, i.e. completely free of charge to the player.

Payments are also deposited directly into the account of the player and therefore immediately available for remittance. And to add to it, payments are also considered extremely secure in that they are encrypted by the latest technologies and therefore are protected against fraud and theft on the part of third parties.

Cryptocurrencies

Crypto has been THE buzzword of late when it comes to online casinos. When cryptocurrencies soared, online casino operators too began looking for a fix to add them to their list of payment methods and quickly realized that they were searching for.

For some years now, there have been so-called crypto casinos accepting and even actively encouraging deposits and withdrawals in cryptocurrencies, at least Bitcoin, Litecoin, Ethereum, Dogecoin and some others. This is because those operators usually offer the opportunity to exchange euros directly to crypto and also offer their own exclusive bonuses reserved for crypto customers.

Cryptocurrencies at online casinos are particularly appealing to high rollers as they can deposit and, above all, wager larger sums without being required to meet the strict terms with which fiat money is subject.

Prepaid cards and vouchers

Prepaid vouchers and cards are still accepted as a form of payment in some German online casinos, as well. Opting for it, however, you have to remember that you are actually limited in deposits and withdrawal. That is because most prepaid cards bear a cap of 100 euros and you'll only receive a welcome bonus for this one deposit, that is.

In addition, payments cannot be made at all on prepaid vouchers and cards, so you must make sure that you choose an alternative payment method when withdrawing at the latest.

Conclusion on payment methods in online casinos

Just because there are so many different options, you have to learn about the individual payment service providers and what their advantages and disadvantages are before you make a decision.

The withdrawal and deposit terms also vary from online casino to online casino, as the operators themselves have the freedom to decide what restrictions they impose on the specific payment method or if they charge a commission on transactions. If you keep this in mind, nothing stops a good start at an online casino.