Deposit and withdrawal are two essential factors that one must consider when opting to play in online casinos. Understanding multiple payment systems is therefore necessary, as this allows clients to select the most ideal one that can cater to their needs. This includes popular card systems, e-wallets, as well as those usually for western union betting sites, depending on what is available at the site. In addition, every system also has its own features, timing, and potential transaction fee.
This is the perfect tutorial for those who are eager to play online but do not know where and how to fund their gaming account.
Before we begin, one thing is important to mention: Responsible Gambling. Briefly, when gambling for cash, it's essential to gamble responsibly. Play only with that money which you can lose, and don't gamble by emotions. This is the perfect way to avoid unnecessary spending.
Now, let's discuss why it's advisable to examine payment options in detail.
Why Check Payment Methods
There are several reasons why it's not only necessary—but vital—to consider available payments before you make your choice. Only after you've made this assessment can you choose the best.
- Security: Number one and most critical consideration. Choose only secure systems with open policy. If that's not the case, better to find someone else.
- Transfer Speed: The deposits are normally instant, but the withdrawals are variable. If you are interested in getting paid within a quick time, you should consider inspecting the target processing time. For example, the bank transfer tends to take longer.
- Fees: Some payment options may charge commission fees, especially for the withdrawals. NetBet Casino does not incur any additional fee for the transactions, whereby any charges are only on the method you are using.
- Bonuses: Another factor that is sometimes forgotten is that some methods might not qualify you for promotional bonuses. It goes for both welcome bonuses and regular promotions. For instance, this could be true with Neteller or Skrill. That's why we highly suggest checking the Terms and Conditions prior to accepting any bonus.
Payment Methods for Deposits and Withdrawals
Having explained why you are reviewing your payment options, let us discuss each system separately—mentioning their features, pros, and cons—so that you can select one that best fits your online gaming experience.
Visa and Mastercard Credit Cards
Visa and Mastercard cards are far and away the most popular payment methods at online casinos. The reason is simple—most cards in your wallet likely belong to either the Visa or Mastercard network. Even prepaid cards like PostePay fall under this umbrella. In contrast, Amex and Maestro are accepted less frequently.
The minimum deposit is $10, to a maximum of $50,000 ($10,000 by PostePay). Deposits are instantaneous, and withdrawals are paid in three to five business days. Perhaps the only drawback here is the delay, plus the fact that one has to input many banking and personal details—perhaps not desirable for some players. Deposits and withdrawals are free.
PayPal
PayPal is most likely the best-known e-wallet option. Widespread use for online purchases as well as for casino and betting site play is the reason why it's so popular.
It has top-class security—transfers demand no more than the email that comes with your PayPal account. Transfers in and out incur no additional charges. The limits are a maximum of $10 to $50,000 for deposits and withdrawals. Withdrawals take usually two days, but deposits are instant.
Skrill and Neteller
In addition to PayPal, Neteller and Skrill are two of the most popular e-wallets available in Italy and all across Europe. Deposits range from a minimum of $10 to a maximum of $10,000. The transactions are instant and free of charge. Withdrawals take two working days and without any extra fees.
However, if you would like to get a bonus when applying either of these methods, be sure to read the Terms and Conditions. As I've mentioned before, some of these offers might not apply when applying these sites.
Bank Transfer
Transfers may take up to 10 days for both deposits and withdrawals. The main advantage is the absence of a maximum transaction limit.
Apple Pay
The final method we’ll cover is Apple Pay—the digital wallet for iOS users. It offers great convenience as everything can be managed via the app, and it boasts fast processing times. Withdrawals take about two business days and are completely free. Deposits are processed in seconds.