The choice of payment methods is incredibly important as it determines the quality of your gambling experience. Your privacy, security of your finances, speed of any kind of payments and, finally, your comfort – it all depends on the picked method.
As experienced gamblers, we’ve tried almost each and every payment method and hope this review with the top list of reliable live casino banking options will help you to make the right choice.
Recommended Banking Methods For Playing Live Casinos
There are many live casino withdrawal options and deposit methods but not all may suit you personally. Based on our expertise in live gambling, we highlighted those methods that are considered to be the most versatile. So, everyone will be able to pick an appropriate option from our selection below.
Visa is absolutely deservedly the most popular payment method in many areas, including gambling, more details here. Here are the main features that favorably distinguish Visa from all other live casino payment options:
Widespreadness. Visa is a popular payment method in more than 200 countries, so it is not surprising that the vast majority of live casinos immediately add it to the list of offered deposit and cashout options. This allows gamblers to choose a casino without being tied to their location.
High-class security. Live casino websites that support Visa as a payment method guarantee SSL data encryption, fraud prevention tools, and two-factor authentication.
Another leading live casino banking method, PayPal, has gained the trust of gamblers thanks to the following:
Fast transactions. PayPal allows users to provide any transfer in a few clicks and save data from several cards or bank accounts.
High security. With PayPal, there is no need for card data disclosure (PayPal has access only to the account’s email address), and all information is SSL encrypted.
The number of crypto users is rapidly increasing weekly. So, many casinos simply cannot miss the chance to attract new clients who want to stake using the most popular digital currency – Bitcoin, which offers such benefits as:
Anonymity and security. The usage of virtual money assures personal and financial data confidentiality.
Transfer immediacy. Due to blockchain technology, any transaction provided with BTC is accelerated and simplified. Even though you have to wait a bit for the payment confirmation, the waiting period may be much less than that offered by traditional live casino withdrawal methods.
The second most-used virtual currency offers gambling fans the following advantages (we analyzed this method for casinos):
Global recognition. Using this cryptocurrency, you don’t need an intermediary, so you don’t need to deal with national banks. This greatly simplifies the process of depositing and withdrawing from any country.
Data security. If Ethereum is one of the available live casino banking options available on the platform, be sure that your privacy is a priority here.
All the advantages that we described for Bitcoin and Ethereum also characterize this currency. We can only add that today, there are a lot of sites that offer special bonuses available only for gamblers who use LTC for depositing.
This digital currency features worldwide accessibility, fast payments, and enhanced security. Though it’s a less common cryptocurrency and is not available at all casinos, it is a great alternative to BTC and ETH as it offers safe and comfortable gambling.
PaySafeCard is a top-notch international prepaid card that assures secure and convenient virtual transactions. Some reasons why it is one of the best live casino payment methods are as follows:
Simplicity. The user-friendly system allows users to get vouchers from different digital platforms or retailers, which accelerates the depositing process in casinos. Also, it is possible to limit your expenses to the voucher value to control the staking budget.
Privacy. As vouchers can be bought with cash or other methods without identity confirmation, users can provide safe, anonymous transfers.
All Types Of Live Casino Payment Methods
Before making a choice, it is reasonable to familiarize yourself with all available options. Let’s check out the main features of other popular live casino payment methods, also tested by our experienced team.
Credit & Debit Cards
This method has already become a basic payment option in the gambling industry. You’ll find at least one of the most popular credit/debit card brands (Visa, MasterCard, Maestro, American Express) in almost every casino except for those which work only with crypto. With a card, you can easily make any online payment just in a few clicks from anywhere in the world.
Many gamblers are switching to crypto as their main payment method. The first reason is that the virtual currency is not tied to either banks or government agencies, which means they have no influence on transactions provided with crypto. In addition, digital currencies ensure the anonymity of all users, which is great if you do not want to distribute your personal data online.
Bank Transfers & Checks
Although bank transfers and checks are often called outdated, many gamers still pick them as live casino banking methods. The most important advantage of this traditional payment method is that there is no need to share your payment information on the Internet. Moreover, it is attractive for high-rollers as banks allow providing high-limit transfers. Bank transfer live casino offer a secure and high-limit option for those players who prioritize privacy and larger betting limits.
This method is the best alternative to credit/debit cards. E-wallet acts as an intermediary between your bank and a casino. It is fast, simple, secure, and ensures financial data confidentiality. The best online wallets are Skrill, PayPal, and Neteller.
It is a perfect option for those who don’t want to share any financial details with the casino. A prepaid card (PaySafeCard, EcoPayz, etc.) is available for purchase on multiple virtual platforms. It is a card (voucher) with a determined value, which can be spent on gambling.
Phone And SMS
With the help of ApplePay (over 500 million users), GooglePay, MuchBetter, Zimpler, Boku, etc., you can provide transactions directly from your smartphone. These programs not only make transfers easier but can unify all payments to your gadget. A regular SMS can also be a live casino deposit method. Usually, all you need to confirm the operation is to enter the code from the SMS received from the payment gateway.
Things to Consider When Choosing a Live Casino Deposit and Withdrawal Methods
There is a multiplicity of modern live casino banking options, and it can be difficult to figure out what to look for in order to make a well-considered choice. Based on our experience, we’ve outlined three main factors you should consider when picking a banking method for gambling.
To avoid losing your money or getting scammed by cyber thieves, pay attention to such security features as SSL encryption, two-factor authentication, and fraud prevention systems. Also, consider the anonymity level of the chosen payment method.
Almost all methods charge a withdrawal transfer fee. Read the fee conditions before choosing to pick the most profitable option based on the amount you plan to withdraw.
If you always want to stay in the game without being distracted by anything, you need to choose the method with instant transfers. It is especially important when it comes to live casino deposit options because waiting even a few hours for the opportunity to place a bet can ruin the whole mood.
Pros & Cons Of Each Payment Option In Live Casino
Credit & Debit Cards
Fast processing, global recognition
Fast processing, global recognition
Anonymity, instant transfers
High volatility, not acceptable by all casinos
Bank Transfers & Checks
Security, suitable for large transactions
Additional fees, slow processing
Immediate payments, enhanced security
Privacy, conveniency, and fast processing
Usually not available for payouts
Phone and SMS
Simplicity, fast transactions
Limited payments, not anonymous
All live casino payment options described in the article have their pros and cons. Each of them is designed for a specific style and pace of the game. So in order to choose the option from which you will take the maximum, consider not only the characteristics of a particular method but also your desires and expectations from the game.
What Is The Fastest Payment Method At Live Casinos?
The fastest options are credit/debit cards, e-wallets, and cryptocurrency.
What To Take Into Account When Choosing A Banking Option For Deposit?
Pay attention to the security measures, processing period, and fees.
Which Banking Methods Are The Most Reliable And Secure?
Credit/debit cards, bank transfers, e-wallets, cryptocurrency, and prepaid cards are trusted methods.
Do Live Casino Payment Methods Charge A Withdrawal Fee?
Yes, most payment methods charge fees for payouts.
Can I Change My Payment Option At A Live Casino Over Time?
Of course, you can change options anytime you want in the cashier section.
My name is James Hamilton and I am a Chief Editor and Live Casino Expert at livecasinomate.com. Combining my degree in journalism with my passion for live casino gambling, I provide detailed live casino reviews and useful guides to those seeking trustworthy live online gambling websites and the finest live dealer games.
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