Growing in tandem with the gaming industry is the payment services industry. Today, people want faster and cheaper payment solutions which are accessible across any mobile device. Casinos understand this and this is why they offer multiple payment options to carry out deposits and withdrawals.
Very often, the payment options available include debit and credit cards, e-wallets, voucher cards and, on occasion, an internet banking or wire transfer option. The advantage of cards is that almost everybody has them and uses them for their daily expenses. However, not everyone is happy with a gaming payment showing up on their statement, so instead, they opt for an e-wallet. This is a relatively newer product which is like a virtual bank account.
Online casinos normally demand that players withdraw their funds through the same method which was last used to deposit funds. This is, amongst other things, a way to prevent money laundering. Complying with this request is quite simple for most options, except with a voucher card. Users of these cards, which include Paysafecard, would normally need to make a wire transfer in order to withdraw funds.
A growing trend amongst the more recent casinos is to offer only the main payment providers. As a bare minimum, players who deposit by card can use Visa or Mastercard whilst those who use e-wallets can use Neteller or Skrill. Wire transfers for deposits are being replaced by online banking systems like Trustly. Casinos are carrying out these restrictions in order to boast that all their deposit methods provide instant transfers and that no fees are charged by the casino for transactions.Offer valid as of date published. T&Cs apply.