Unless you are claiming a no deposit bonus, you will have to make a deposit with your own money to play real money casino games online. Later, when you want to collect any possible winnings, you’ll need to make a withdrawal. With a variety of payment methods around, it’s important to know more about them so that you can save time and pick the best option first.
Deposit Times - Most payment methods for making casino deposits are instant (within a few seconds). The exceptions are offline bank transfers, which can take one or days, and Bitcoin. The latter may take a few hours if the network is busy and the user sets a low gas fee.
Withdrawal Times - While deposits are instant, the same doesn’t apply to casino withdrawal times. Firstly, when a player makes a withdrawal request, it has to be processed by the operator. Depending on the site, this can be done within a few minutes, or the casino may have a mandatory 72 waiting period.
Once the withdrawal request has been processed, the cash is then sent to the player’s payment provider, and yet again, these times vary considerably. If you use an Ewallet such as PayPal, Neteller or Skrill, the payment is processed instantly, so your winnings appear in the e-wallet account within minutes. Bank transfers, online banking and card withdrawals tend to take a lot longer, so expect to wait between one and five business days for your cash.
Minimum and Maximum Limits - Something else to be aware of with payment methods is that there are different minimum and maximum deposit and withdrawal limits depending on both the casino you play at and the payment method you use.
High rollers typically favour bank transfers or card payment methods as these offer higher limits than the other banking options. At the other end of the spectrum, prepaid cards, such as Paysafecard and AstroPay, usually have the lowest maximum limits.
Bonus Exclusions - You may find that specific casino payment methods are excluded from claiming deposit bonuses. It’s unclear as to the reason for this, but it is something to consider. You can find out if a payment method is excluded by reading the terms and conditions of the casino bonus. Generally speaking, Ewallets such as Neteller and Skrill may have this issue.
Security - Each payment method that we list on BonusBets.com is proven to be safe, trustworthy and reliable. However, they all offer different ways to keep your information secure. For instance, card payments have your bank or card issuer monitoring transactions. With e-wallets, you don’t need to share any financial data with the casino. And, of course, the casino will utilise SSL data encryption software among its security protocols.