We live in the golden age of technology, and this means there are many ways to pay for the items you buy and many ways to put money into online accounts. Some of the top payment methods for online casinos may be relatively new, but the important thing is that they are safe, secure and fast.
In this guide, we’re going through five of the best methods you can use to pay to play slot or table games. Many people have developed their own preferred methods, whether you use an eWallet, dabble in cryptocurrency, or stick to some of the more “old fashioned” methods of making payments.
Top online casino payment methods in 2023
Interac
Interac is a safe and secure way for Canadians with online banking to put money in their gambling accounts. Interac provides instant deposits through Canadian online banking and the networks between those banks. It’s a very safe option for gamers, and as long as you are using one of the 26 licensed gaming operators in the country, you can rest assured that your money will be looked after. It’s also an easy way to make withdrawals if you manage to win.
Visa and MasterCard debit cards
In the modern age, there is no denying that debit cards do have some downsides, but most people still have them and use them on a regular basis. Whether you are still using your PIN number or using a contactless card, debit cards are still a long way from disappearing and they are still a very reliable way to make a deposit into your online casino account.
There are a lot of bank accounts that issue these accounts and give you rewards in the process, such as a percentage cashback. This is another benefit of using a debit card. They’re not the quickest way to do things though.
Cryptocurrency
Cryptocurrency use is growing at an incredible rate and the fact that it is very fast to make transactions is one of the main benefits. You can withdraw any winnings without having to wait for the bank to process the transaction. Blockchain is one of the ways that technology has moved on, and as new blockchain technologies are developed, there will be even more developments.
A lot of the biggest online casinos have started to accept cryptocurrencies. So, if you hold mainstream crypto such as Bitcoin, you can probably make a quick transaction and start gambling in no time. Some casinos convert the balance into traditional currencies while others allow you to gamble using crypto itself.
PayPal and other eWallets
PayPal is the best known eWallet, even after all these years. It’s an option to make deposits into your gambling account, but it has some downsides, one of which is that it can be difficult to make transactions quickly. There are often some delays when using PayPal to deposit, but the main delays occur when making a withdrawal. Withdrawals can take a lot of time, meaning you might not be able to spend your winnings as quickly.
Google Pay / Apple Pay
Google Pay and Apple Pay have also become very popular. Around the world there are over 500 million users of Apple Pay. This method can be used for making contactless payments in person, as well as for paying for things online. This means you can link your Apple Pay account to your online casino account and deposit money quickly.
Apple Pay and Google Pay are becoming extremely mainstream due to the fact that they are so convenient. When using one of them, you don’t have to carry your debit or credit card with you all the time.
The future of gambling payment methods
Nobody knows exactly what the future is going to hold when it comes to payments, but generally speaking, things are becoming much more secure and convenient, and this means that making payments should also be a lot simpler.
Blockchain technology will definitely play a part in the payment methods of the future. Online casinos are using methods such as Interac for extra safety too, and the days of everyone just using their credit or debit cards for virtually all payments are long gone. eWallets and cryptocurrencies are now concepts that almost everybody is familiar with.
Whatever happens in the world of online casinos, the best brands are always likely to continue to push the boundaries and make life easier for their users.
