CNBNews

(December 10, 2020)--With the rise of technology in online casinos, there are even more payment methods available in 2021. Now gamblers have a wide array of payment options to choose from, varying from credit and debit cards, e-wallets, Bitcoins, and bank wire transfers. We all know that cards are the popular method nowadays, but you can choose from a plethora of more secure and reliable options. 

You’ll find fast and secure deposit and withdrawal options in almost all new casinos, so it’s safe to say that you won’t have to worry about your money ending up somewhere else, or your personal data getting stolen - at all.

Right here we have the payment methods for casinos in 2021 and it’s up to you to choose which one will you rely on.

Credit and Debit Cards

Credit and debit cards are still the most used method to deposit money to accounts or withdraw winnings. They are easy and practical for use, and all you have to do is: enter personal information, the card number, expiration date, and the CVV number located at the back.

Online casinos are accepting almost all cards out there, with Mastercard, Maestro, and Visa being the most-used. They are easily accessible since everyone has at least one of these types of cards, but the only disadvantage might be that not all banks in the world accept gambling payments. It’s important to note that the United Kingdom has banned the use of these cards for gambling, deeming them unsafe.

E-Wallets in 2021

E-wallets are slowly but surely going to conquer the payment market for casinos. They are easy and reliable to use for deposits and withdrawals, as you simply need to create an account on a specific e-wallet and connect it to your bank. All payments are finished in less than a day, making e-wallets very attractive to gambling markets.

The most popular e-wallets are EcoPayz, Skrill, and Neteller. They are all known for their security, practicality, and are available in many countries around the globe.

If you use any kind of e-wallet, you must pay attention to the fees they are charging. Many e-wallets tend to charge minimal fees on withdrawals, and some providers even offer loyalty programs, which come with various benefits for all members.

Bank Wire Transfers

Bank wire transfers are considered to be the safest method simply because of how strictly regulated they are. Most casinos, both online and land-based accept them as a payment method, with the only disadvantage being how long it takes for the whole process to be completed.

It might take up to seven days, and the bank charges fees that vary from the amount of the deposit or the withdrawal, but it's nonetheless a reliable method because your money is secured by the same regulations from the bank.

More gamblers are willing to use Instant Bank Transfer options offered by some banks in order to skip the whole waiting period - which of course, comes with premium fees.

Cryptocurrencies

More and more casinos are starting to accept cryptocurrencies as they are considered to be safe and practical. Casino operators are aware of the security that cryptocurrencies offer and they keep adding new options relatively quickly. 

Bitcoin payments can be fast and secure but they depend on the chosen wallet and the withdrawal terms at the chosen casino. 

Other used cryptocurrencies are Litecoin and Monero, usually accepted by casinos that operate out of European countries like Malta. It’s important to mention that cryptocurrencies offer extra layers of security, such as allowing some transactions to be completed while remaining totally anonymous.

Mobile Payments in 2021

We can agree that almost everyone has a smartphone in their hands, even for gambling and payments. Mobile software like iOS and Android have dozens of applications that are used for deposits and withdrawals. 

This payment works simply as you need to create an account, fill in the necessary information, and connect it to your bank account. 

These applications are considered safe and secure for use, as many of them are recommended by casino operators. Among the most popular methods on mobile, we can mention Payforit, Zimpler Casinos, and Boku Casinos.

Prepaid Cards and Vouchers in 2021

Prepaid cards like Paysafecard are considered as the leading payment method for gambling, most notably in the UK and other European countries. They have high-end security and anonymity, and don’t charge any fees. This card is not available in the US, but in the UK, it can be bought at physical locations. 

Vouchers such as NeoSurf are popular in many regions because they are flexible. You just need to purchase a voucher from any kiosk and use the 10-digit number when you make your deposit.

Sum Up

Here we have the safest, most used, and most secure payment methods available for both online and land-based casinos in 2021. Gamblers must be offered any of these methods so that they can safely deposit or withdraw any amount they desire. Nowadays, casino operators are implementing all possible payment options to satisfy the needs of their users and give them a reason to stay, so make sure the casino you choose has a wide array of payment options available!