Before we can start discussing live casino banking, you need to know what’s out there. Most of you probably have at least a vague idea of what the best online payment methods are. After all, these aren’t used exclusively at online casino sites – most online vendors offer the same crop of services. Still, the best way of determining how to make live casino payments is by being aware of the pros and cons of all available methods. Below, you’ll find a fully filterable list that can be used to compare casino banking options. You can use it to find the perfect method for your needs and quickly find casinos that support said method.
Live Casinos is fully dedicated to allowing our readers to have the best experience possible with live casinos online. This extends to recommending top payment methods for online casinos, as you might expect. Just like everything else, though, personal preference will have to be an important consideration. We don’t necessarily just mean your tastes – some players may not have access to certain methods, for example. Either way, beginners may find it hard to make a call, especially since betting online with real money can make people nervous. After all, you want to be sure that your hard-earned cash is in safe hands. Below, you’ll find a list of the most popular online payment methods at live casinos.
The larger and more well-known live casino payment methods have a distinct advantage – they are available at most top casinos. However, our advice is to fit your choice of casino based on your preferred method, not the other way around. Having access to your bankroll the way you want to is incredibly important. Besides – the best casinos should have no trouble accommodating your payment needs.
When it comes to keeping your funds safe and easily transferable, nothing but the very best will do. Below, you’ll find a quick overview of the top banking methods for online casinos and some quick general info. You can conveniently see key details such as fees and average processing times for casino withdrawal requests. Moreover, you can see how many casinos the method is available at, allowing you to easily measure how widespread it is.
|Payment Method||Fee||Processing Time||Casinos|
|Free to 2.5% (Variable)||Instant||27 CASINOS||See casinos|
|Free to 2.5% (Variable)||Instant||26 CASINOS||See casinos|
|None||Instant||20 CASINOS||See casinos|
|None - 5%||Instant||8 CASINOS||See casinos|
|Varies||10 Minutes - 1 Hour||20 CASINOS||See casinos|
|None up to 1.5% (min. €0.80)||Instant||10 CASINOS||See casinos|
|None||Instant||9 CASINOS||See casinos|
|Free||Instant||15 CASINOS||See casinos|
|Instant||Instant to 24 Hours||16 CASINOS||See casinos|
|Variable||Instant||3 CASINOS||See casinos|
|Payment Method||Fee||Processing Time||Casinos|
|Free to 2.5% (Variable)||3 to 5 Business Days||26 CASINOS||See casinos|
|None - 5%||Instant - 48 Hours||8 CASINOS||See casinos|
|Varies||10 Minutes - 1 to 6 Hours||20 CASINOS||See casinos|
|Free to 2.5% (Variable)||1 to 5 Business Days||27 CASINOS||See casinos|
|Free||1 to 3 Business Days||15 CASINOS||See casinos|
|None up to 1.5% (min. €0.80)||Up to 72 hours||10 CASINOS||See casinos|
|None||Instant up to 48 Hours||9 CASINOS||See casinos|
|6 CASINOS||See casinos|
|$1.95||2-5 Business Days||6 CASINOS||See casinos|
|Instant||Instant - 24 Hours||16 CASINOS||See casinos|
At first glance, most of these payment methods may look quite similar. When it comes to comparing different banking options, though, the devil is in the details. Make sure to familiarize yourself with a services’ terms and conditions before adopting it as your go-to payment option. Banking is the last place you want to find surprises somewhere down the line.
The majority of these have their own dedicated page right here on LiveCasinos.com. These pages can be an excellent resource for getting to know online banking services and how they relate to live casinos. If you have some specific questions such as how to withdraw from live casinos with these methods, that’s where you’ll find answers.
Pay special attention to live casino withdrawals – both at the casino and the payment method itself. This is often where the biggest differences are, and also where the most annoying disadvantages are hidden. As a rule of thumb, if you’re happy with how casino withdrawals work for a particular method, deposits should be no issue at all.
So how does one decide if a given payment method is good or not? What separates the best live casino banking methods from the worst? Ultimately, it comes down to comparing these services one to another. As always, picking the perfect one is a balancing act of pros vs. cons, because each given method has its set of advantages and disadvantages. We can still highlight some features that you definitely need to pay attention to. In short, a good live casino payment method should be:
With that in mind, we’ve assembled a short list by grouping various methods into distinct categories such as payment cards or e-wallets. These share certain characteristics, so the list below can help you narrow down your search based on pros and cons.
Easy to use and widely available.
Withdrawals usually take a few days to process.
Fast, convenient, and completely secure.
You will have to open an account with the wallet service, which is an added step.
Secure and completely anonymous.
Volatile and prone to violently jumping up and down in value.
Can be used by everyone to make theoretically unlimited payments.
The slowest method by far – usually takes days to process a transaction.
Completely secure and separate from your other finances
Usually cannot be used for withdrawals.
Simple and available to almost everyone.
Generally slow and extremely limited.
Aside from hard cash and photos of our loved ones, something that we always keep in our wallets is a bank card. Paying with plastic instead of actual money has become a routine and so has making transactions online. It’s a short, harmless process that requires barely a minute of your time. As we all know, bank cards are issued by our bank. Depending on the bank and the status of your bank account, you will have a more or less powerful card. The two most popular card brands are Visa and MasterCard, but people also widely use American Express and Maestro among others.
The greatest convenience of cards is that they are an omnipresent payment method available at every online casino. People are very familiar with them and they feel safe using them. Unfortunately, credit and debit card frauds are one of the most common online hoaxes. There’s only so much that online casinos can do to prevent this.
Electronic wallets emerged as one of the best alternatives to credit and debit cards. Using e-wallets at online casinos is just as efficient, if not more, and does not require disclosing any financial details. Anonymity and the highest levels of protection are what turns players towards these digital systems of transferring money online. Furthermore, they are also widely available and easy to use. E-wallets perform outstandingly in their role as intermediaries between the source of funds of the user (bank, card etc.) and the live dealer casino. They all use heavy encryption protocols employed to safeguard all the transactions and financial details involved.
The most popular e-wallet is Neteller (available in more than 200 countries), PayPal (operates in more than 200 countries), and Skrill (also operates in around 200 countries at this point). In other words, you should have no trouble finding suitable e-wallets for live casinos, no matter where you live.
Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Dash, Monero – these are all digital currencies available on the global market. Invisible, impalpable money created inside the virtual world and destined never to leave it. Well, once it’s there, why not use it on live dealer casino games? You can, if you want to, as there are more and more casinos accepting this revolutionary concept of paying with cryptocurrencies for everything from goods to entertainment. The unique BlockChain infrastructure of cryptocurrencies ensures incredible security. Furthermore, they aren’t tied to banks or traditional financial institutions, making users completely anonymous. Some players have used this in the past to get around local gambling restrictions.
The Bitcoin system is the most famous and most used one by far. Bitcoin is a bit of a superstar at this point, and you’ve no doubt at least heard of it. It also highlights the drawbacks of using cryptocurrencies at online casinos. Namely, the currency is extremely unstable and prone to massive swings in value – both upwards and downwards.
Checks and old-school wire transfers are considered by most users to be very outdated at this point. Still, that doesn’t make them obsolete – not yet anyway. Some people still have trouble trusting their financial situation to a little piece of plastic – and that’s fine. Others aren’t too keen on throwing their financial information all over the internet by registering for this e-wallet or that service. This is a very valid concern as well. Either way, the traditional routes of wiring your money to the live casino’s account is completely viable. Some even accept checks, which can make your life even easier.
It goes without saying that these methods are by far the slowest. Bank transfers usually take several days to fully process, as do checks. They are also often subject to fees on the bank’s end. The upside is that bank transfers don’t have an upper limit on deposits or withdrawals, and casinos rarely impose them. This makes transfers especially attractive to high-rollers.
Instead of making you use your everyday bank card, the casinos will often offer you the opportunity to make use of prepaid cards. The name explains how they work – you purchase a card of a certain value and you spend that value on playing at a live dealer casino. By using such a method, the player does not share his/her financial details with the casino platform. Specific prepaid voucher options are so simple that they don’t even require you to have a credit card, or a bank account for that matter. Even more conveniently, most big-brand vouchers are available at thousands of shops in hundreds of countries.
Paysafecard and EcoPayz are some of the more popular voucher options, alongside AstroPay, for instance. The only thing one needs to keep in mind that most of the time withdrawals are not possible through this particular banking method. However, some tie-in services such as MyPaysafecard may actually allow you to withdraw. Still, we wouldn’t count on that as your go-to casino withdrawal method.
Let’s not forgot our little handheld friends – our mobiles and tablets. After all, we spend more time with them than any other object in our surroundings. Since they can be used for multiple purposes, you should know that you can also use them for accessing live casino games. For the experience to be as enjoyable as possible, payment processors such as MuchBetter, Boku, Zimpler or Siru Mobile will make sure that your money reaches the casino account in record speed and that your withdrawals get credited in a timely fashion when requested, all through everyone’s favorite gadget.
That said, ApplePay and GooglePay are likely most users’ go-to methods for paying at online casinos via mobile. These can unify payments for your entire device, making transactions easier than ever. That said, this does pose a bit of security concern – especially for Android devices, which are somewhat notorious for posing safety risks.
Deposits at live casinos are generally instant, so you can immediately start playing. Withdrawals, however, are another matter entirely. Many things factor into how long casino withdrawals take, and your choice of method is one of them. By and large, e-wallets offer the quickest payments across the board – as far as the service operators are concerned, withdrawals can be instant. However, the same can’t be said for all live casinos. Some take a while to vet and confirm each withdrawal request, which can slow down the process considerably. Usually, though, the waiting times are no longer than a day or two.
It’s important to understand that casino withdrawal waiting times aren’t decided solely by the method. The casino’s policies can make a huge impact. In other words, make sure you familiarize yourself with the casino’s offer as well as your method of choice – especially if you want instant casino withdrawals.
No-one is intentionally going to make their service payment unsafe. All of these service providers do their best to protect user transactions and information. However, some methods are inherently safer than others. For example, pre-paid vouchers are incredibly secure by definition because they don’t expose your bank account in any way. Similarly, most cryptocurrencies are completely secure – even though their virtual nature may seem untrustworthy to some. All of these points are something you should consider before making your first live casino deposit.
Staying safe online is paramount, especially when we talk about online gambling with real money. However, remember that some of the responsibility is on you, the user. Simple tricks like two-factor authentication and staying away from shady links or websites can make a world of difference in keeping your hard-earned cash secure. Unless you make the necessary precautions, not even the safest methods will be enough to protect your information from unwanted attention.
Generally speaking, good methods for live casino payments have no fees, period. However, calculating the cost of using the service is not all that comes into play here. For instance, bank cards usually come with maintenance fees, which is something to keep in mind. Moreover, some methods allow you to convert currencies online, which is a useful feature if you’re not living in a country that uses Euros, US Dollars, or Pounds. Converting with a sub-par method can really dig into your profit margins. These are just some examples of things to pay attention to when picking a method.
Again, the casino’s side of things comes into play. Top casino operators never charge casino withdrawal fees, but it definitely happens in the industry. Worse yet, some operators hide these fees in the fine print, making it difficult to weed out bad casinos. Be sure to familiarize yourself with your live casino’s policies, which you can do with our live casino reviews.
An inconvenient part of live casino payments is that not all services operate globally. Moreover, some legal jurisdictions have special restrictions on certain methods. For instance, UK residents cannot use credit cards to pay for bets online since April 2020. This is why your current place of residence and geographical location come into play (again.) Moreover, some services are made specifically for a certain country or region. These can be excellent options for players who live there. There’s nothing like making tailor-made casino withdrawals that often come with extra perks and conveniences.
Though online payments have become a part of our everyday lives, a lot of people don’t yet understand how payments work at online casinos. Now, the process can be vastly different between methods, but it generally follows a similar pattern of verification, encryption, and authorization.
Most payments are processed through something called a payment gateway. For card payments, this is the system that communicates between the customer, the vendor, and the bank. Essentially, the gateway confirms that a user is requesting payment, that their card information is correct, and that they have funds available. After encryption and usually multiple confirmations from all parties, the payment is finally processed.
If the payment is made by a service such as Neteller, they’re the ones responsible for verifying all this info. Essentially, this means that every online payment is made using a sort of middle-man. This extends from card payments, to how PayPal works, and even cryptocurrencies (to a degree.) It’s a very important middleman, however, as this ensures the safety and clear and fast communication. To make things one step safer, the information that flows through payment gateways is heavily encrypted.
It’s important to keep in mind that fraud is the biggest danger when it comes to online payments, not theft. In other words, your biggest concern as a customer is to who you’re giving the money. Most payment gateways, e-wallets, and similar financial services have been operating for decades. This fact alone means these services have cutting-edge encryption that is practically impossible to get through. Moreover, these services (as well as online casinos, for that matter) are