A bank transfer electronically moves funds between bank accounts, often requiring manual input of details. It is a reliable method widely accepted in online casinos. Due to direct bank-to-bank transactions not needing extra accounts or third-party services, secure transactions and ease of use are the major advantages.
However, drawbacks include slower speeds, potentially higher fees (especially for international transfers), and susceptibility to errors from manual input. They may take several business days and incur higher fees.
Cryptocurrencies
Cryptocurrencies operate on decentralised digital ledgers, utilising blockchain technology for secure transactions. They are user-friendly payment methods, but initial setup might require technical know-how. Other noteworthy considerations are its volatile nature, which may lead to price fluctuations, and its limited acceptance as a casino deposit method. Some of the cryptocurrencies that you can expect to see at many top-notch crypto online casinos are:
- Bitcoin
- Dogecoin
- Ethereum
- Litecoin
- Solana
Cryptocurrencies are not as widespread as other popular payment methods, but they are increasingly being accepted as online casino banking options. Major reasons for this include swiftness, low transaction fees, and their decentralised nature. These make them ideal for those seeking seamless and anonymous transactions with their online casino account.
Mobile and Pay-by-Phone Payment Methods
Mobile payment methods enable a user to make a casino deposit, and sometimes withdrawal, via smartphones. They charge the amount to the user’s phone bill or from prepaid credit. These methods usually require only a phone number for transactions.
However, mobile and Pay by Phone methods usually lack withdrawal options, and that limits their overall utility at online casinos.
Apple Pay
Apple Pay is a mobile payment and digital wallet service by Apple Inc., allowing users to make casino deposits securely and conveniently through compatible Apple devices. Thanks to its Near Field Communication (NFC) technology, Apple Pay offers a very swift payment process, and that is why many online casinos accept it.
Google Pay
Google Pay is another major mobile payment and digital wallet platform. It is owned by Google, and it enables secure transactions through compatible Android devices. Similar to Apple Pay, this payment method uses Near Field Communication (NFC) technology to ensure all transactions are convenient, which makes it a reliable payment method accepted at select online casinos.
Boku
Boku allows users to make casino deposits via their mobile phone numbers. Specialising in pay-by-phone bill solutions, Boku allows swift and secure transactions, charging payments directly to the user’s phone bill or reducing them from prepaid credit.
Revolut
Revolut is a fintech company that offers digital banking services via its app thanks to its features like currency exchange, budgeting tools, and prepaid cards. Although it is widely used for international transactions, Revolut also serves as a reliable payment method at online casinos.