The most popular payment methods for gambling operators
6 June 2022Today, there are many different payment methods, but not all of them are suitable for cooperation with gambling operators. First of all, this is because the platforms must obtain an appropriate license, which will allow them to work together with the casino. We tried to highlight the top 5 most common systems, but you should understand that this list may vary depending on the region.
Top 5 most successful payment methods for online casinos
When creating our list of the most popular payment methods for online casinos, we tried to choose those multicurrency sites that operate in many countries. These payment methods have permission to cooperate with gambling operators and work legally.
The top 5 best payment methods for casinos include:
Each has its characteristics, advantages, and disadvantages, so these payment methods should be discussed separately.
Visa
Visa Inc. is one of the most popular payment systems that issues and services debit and credit bank cards. It successfully operates in more than 200 countries around the world. It competes successfully with Mastercard and UnionPay.
Visa successfully cooperates with various casinos. It allows everyone who wants to replenish the game account instantly. It usually takes only a few minutes and is not a big problem. Visa also will enable you to withdraw winnings to your debit or credit card. To simplify the process of data verification, deposits and withdrawals of money should occur through the same card.
In general, practice shows practically no problems with a visa. It is a successful system that has been in operation for more than a century, constantly being improved and improved. It has an excellent reputation and protection, which is why millions of users worldwide choose this particular system.
MasterCard
There is a lot of controversy over whether to use Mastercard for online casinos. Nevertheless, this payment system is one of the most successful globally, so it is simply impossible not to say this in the context of the gambling industry.
Mastercard operates in 210 countries worldwide and unites more than 22,000 different financial institutions. It specializes in issuing and servicing debit and credit bank cards. The clients of this payment system are millions of people around the world.
Over a year of work, Mastercard has developed its strategy for cooperation with online casinos. Money is credited to the game account instantly. This operation is as convenient and fast as possible, never causing any problems. As for the withdrawal of funds, Mastercard sets certain regional restrictions here. In addition, some users note that money is credited to the account within 5 days, which is much more than other payment systems.
Despite all the disadvantages of using a Mastercard card, this method remains quite popular. Many people receive income (for example, salary) on such cards and do not want to spend time and money transferring money to electronic wallets or other cards.
Skrill
Skrill is one of the most popular payment systems for gambling in Europe. It is valued for a high level of reliability and security and a low commission.
Skrill is an electronic payment system that allows you to send and receive money using just an email address. It will enable you to replenish your account as quickly and efficiently as possible in almost any casino. You can also withdraw your winnings directly to your card or bank account if you wish. This system is the most convenient and understandable for the average player.
You need to download the mobile application to your phone, attach several cards or accounts here, and then use the money in any place convenient for you, for example, gambling. Everything is as simple as possible here.
The money withdrawal takes 2–3 days for the first time since the system must verify all the data, and then the speed increases several times. As for the commission, 1–2%, depending on the transfer amount.
Neteller
Neteller operates in more than 200 countries worldwide, but it sets various restrictions for the CIS countries, so this system is usually used in Europe and the USA. Using this payment system to work with gambling operators is better than getting a real or virtual card. In this case, you will be able to deposit and withdraw money to your account.
As for the most important advantages of this system, many experts emphasize a high level of protection. It uses SSL encryption technology, which provides almost perfect personal data protection. In addition, it is constantly being reviewed by the regulators in the UK. There is no scam here. This payment system values its license and tries to prevent any attempts of fraudulent activities.
For the first time, the withdrawal of winnings can take 2–3 days, and then within a few hours. You do not have to wait several days each time until the money goes into your account.
PayPal
PayPal is rightfully considered one of the most popular payment systems in the US and many EU countries. It has a considerable number of users around the world. Recently, it has also allowed the use of cryptocurrencies to make payments.
Many consider PayPal to be one of the most advanced and feature-rich payment systems great for gambling. Firstly, this is because many users already use this system and do not need to replenish their accounts or spend money on commissions.
Secondly, it has an appropriate license, which allows you to cooperate with naming operators for free.
And thirdly, it offers one of the most favorable conditions for depositing and withdrawing money from a personal casino account. Quite good tariff plans for starting money have been developed here. So, for example, a one-time withdrawal will cost you only a few cents, but if you do it often, you can pay a monthly fee of $30. Money is credited to the casino account almost instantly, and you can receive your winnings to your PayPal account within 1–3 days.
PayPal tried to make it convenient for casino customers to perform various actions. Here everything is as fast, transparent, and straightforward as possible.
Conclusion
Of course, the list of payment methods that can be used for cooperation with gambling operators does not end there. For each region, this list may vary slightly. Nevertheless, the above payment methods are the undisputed leaders in their industry and are partners with the vast majority of licensed casinos worldwide.
Direct payment methods are good, but most platforms use gates, which described in a separate article. It lists more than 40+ payment gates that work with this industry.