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Best Online Casino Payment Methods in 2016

While online casinos seek to provide customers with a variety of banking options, Microgaming casinos are reputed for offering a wide range of alternatives. MicrogamingCasinos.com.au is here to help gamblers understand various payment methods so that they make the right choice and avoid paying high fees wherever possible. Casinos have their own policies and terms and condition for deposits and withdrawals, which must be fully understood before you sign up at a casino. While some casinos offer similar options for deposits and withdrawal they vary in terms of fees and the time taken to process withdrawals. Don’t hesitate to check with the casino’s support staff if you have any questions before you sign up. We’ve compiled a list of the most popular and secure payment methods in 2014. 

Popular banking options for deposits and withdrawals

Credit Cards – They are the most popular casino banking option you will at most casinos that accept Visa and Master Card. There are some casinos that also accept American Express although this option is not common. Very few casinos permit withdrawals back to your credit card. Transactions involve a fee, which varies depending on the card issuer.

Debit Cards – This is one of the popular payment methods to transfer funds to eWallets. Players can also make speedy withdrawals without any additional fee charged by the casino or card issuer.

eWallets – Paypal, Neteller, Skrill and uKash are the among the popular eWallets and payment methods accepted at online casinos. However, Paypal is limited to a very few casinos. They are the ideal way for gamblers to have better control over their spending. Opening an account with a eWallet allows you to fund your casino account from your bank account or credit/debit cards.

Direct bank transfer – Using Direct Bank Transfer, players can transfer money from their bank account directly. This type of transfer works the same way online as it does offline without the hassles of visiting a bank. To deposit funds into your casino account, choose the ‘Direct Bank Transfer’ option in the cashier’s section, select the relevant country and follow the instructions. You will receive a reference number that can be used to complete the Direct Bank Transfer online or at your nearest bank. Transfers can take up to 72 hours to reflect a player’s casino account. In some cases, bank fees may be applicable.

Wire Transfer – Players who do not use, or are not comfortable using credit cards online, have an ideal alternative in wire transfers. This method allows you to transfer funds from your checking account to the casino’s account using a routing number. Most casinos charge a small fee for wire transfer services while there is a bank fee involved as well. 

Things to remember

Some online casinos do not permit customers to utilize the same payment method for deposits and withdrawals. Check withdrawals attract a small fee.

Make sure to submit any documents required by the casino. These will be used for identification purposes when you make your first withdrawal.

There is a higher rate of interest on deposits made by credit card, which depends on the card issuer’s policies.