Live Casino Deposit methods

Among the most vital things when choosing an online casino deposit method is trust. If one doesn't believe that a specific payment system can meet their needs, one will be distressed when using it. Brilliant gamblers understand that this affects their gambling experiences. Therefore, they are extra cautious to select only the best ones from a large pool of payment systems available today. Top casino payment methods will make the process easy for gamblers. Knowing which payment method is essential before picking the best live casinos. Therefore, below is a list for players to compare payment options, which will make it a smooth and easy process.

Live Casino Deposit methods
Visa

Visa is now the world's second-biggest card payment company in the world. It allows electronic money transfers through the use of its debit and credit cards. It also operates an automated teller machine network and has introduced contactless technology. As you might already know, Visa is supported by virtually all major casinos. This means that any player looking for a live casino will be ready to play since a vast array of casinos will be open for them. Now players have a list of thousands of casinos to choose from. Below are the best live casinos recommended for players of any experience.

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MasterCard

MasterCard is an American corporation with its headquarters in New York. It is used throughout the world to process payments between banks. One of its innovations is the introduction of prepaid debit cards, for consumers who do not have a bank account.

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Bitcoin

With their rising popularity, it is no surprise that cryptos have become trendy nowadays, and one could rightly claim that cryptos are slowly taking over almost every industry. And this trend has also caught up with live casinos. One crypto that rules the live casino world is Bitcoin. 

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PayPal

PayPal is a well-known payment method all over the world. It is an American financial company with its headquarters in California. The company is mainly known as a payment processor for online auction sites and commercial enterprises. PayPal was founded in 1998, initially only used for Palm Pilot payments, and at the time was known as Confinity. It now has over 240 million registered users. 

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Paysafe Card

Paysafecard is a popular and arguably the most secure payment option for those who do not want to use their bank details to make online payments. It is a prepaid payment method offering a voucher and e-wallet system that can be used in a wide range of online casinos and online stores. A method that´s primary goal is to deposit and not withdraw since withdrawals are not possible with Paysafecard. 

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Apple Pay

Apple Pay is a mobile payment service that doubles up as a digital wallet. However, this payment service is exclusive to users with iOS devices, including iPhones, iPads, Macs, and Apple watches. The service supports both international and country-specific local payment schemes.

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Neteller

Neteller has become one of the top online e-wallet payment methods since it was developed in 1999. It provides the user with an anonymous payment method to deposit money with live casinos without exposing any personal bank account information or credit card details to any online retailers or gaming sites. With a vast global reach, Neteller has millions of customers that use its services every day. The speed and safety of this service are the main reasons that so many people put their trust in it each day. Neteller is one of the greatest payment methods in live casinos. Below is a complete list of the best live casinos accepting Neteller.

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Credit Cards

Live casinos have long overtaken physical casinos due to the increased convenience that they offer players. One such convenience is the ease of making deposits/payments. Credit cards are especially a popular deposit method in real money casino sites.

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ACH

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Roulette ranks among the oldest and most loved live casino games today. This classic table game features straightforward gameplay with enticing payouts from multiple side bets. But to enjoy maximum roulette entertainment, players need swift and secure payments. And that’s where Bitcoin roulette comes in. So, this guide is for you if you’re thinking of playing roulette with BTC. 

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How to Select the Best Live Casinos

The sharp rise of online casinos couldn’t have come at a better time. During this worrying pandemic period, gamblers dread visiting in-person betting venues. Instead, they are embracing the much safer and convenient Live dealer games in large numbers.

Choosing a Payment Option

Choosing a Payment Option

Making a live casino deposit, punters who play live casino games for real money have to deposit money into their gaming account at some point. Therefore, they need to find a way of loading funds into their accounts. An essential thing when selecting a casino deposit option is security.

If a system is unsafe, a player's funds may be stolen by hackers even before they begin gambling. In addition, their personal details might be disclosed to other parties without their consent. This could cause major complications later. For instance, a hacker may use a gambler's banking information to apply for online loans or make large purchases.

Nowadays, online live casino players have numerous payment options to choose from, each with its pros and cons. finding the right payment option calls for some considerations, some of which are highlighted below.

Processing Fees
Most payment merchants usually charge a fee on all transactions made, including deposits. The amount charged varies depending on the payment service employed. However, some do not charge any fee on some transactions, such as making deposits. Players have to be clear about the nature of charges that come with utilizing any payment service.

Accessibility
Some payment methods are usually a preserve of a few individuals, such as punters who reside in certain countries. This implies that users who are not within the locations cannot access the payment service regardless of its benefits. In most instances, the accessibility of a payment service may be affected by jurisdictional factors, such as legal restrictions and geographical constraints.

Acceptability
Another essential consideration to make is whether the online casino accepts the payment option. Players have to limit their choices to payment methods that are accepted at their preferred online casino. However, that is usually not a problem nowadays since most online casinos accept multiple payment options.

Deposit Limits
Most payment methods usually limit the amounts players can transact at once or in a day. That includes both the minimum and maximum limits. When choosing a banking option, users should consider the amount they intend to deposit and select accordingly. For example, a banking option with a minimum deposit limit of $50 may not suit a punter who wants to deposit less than that amount.

Safety and Security
The safety and security offered by a live casino payment option is another essential consideration. A player's choices should be limited to only the payment providers that offer top-notch payment security and have a good reputation.

How to Know if a Payment Method is Safe

Firstly, one should never share their login/personal details with anyone. This means that they must also refrain from requesting other parties to make payments on their behalf. Secondly, players should research the online casino deposit methods they intend to use.

This enables them to read the reviews of other players and the experiences they've had with that particular system. All deposit methods recommended on Live CasinoRank are secure. Gamblers must be careful to guarantee the safety of their deposit accounts.

A user can check and consider several things to determine whether a payment system is safe.

  • The first one is the security protocols used. The security protocols used should be the latest and safest available.
  • Another consideration is the security and safety policy offered by the payment provider. The policy should reassure users that the provider offers desirable security, safety, and privacy features.

PCI Certificate
If an online casino payout method system has not fulfilled the Payment Card Industry Data Security Standards (PCI DSS) requirements, it might be insecure. Gamblers should avoid it at all costs.

Privacy Policies
The most secure casino deposit method comes with a private policy. The document stipulates the system's legal responsibilities, such as how they'll protect and use one's personal details. It also states what will happen should they fail to do what is expected of them. This assures gamblers of security and enables them to enjoy various casino games.

In addition, the authorization features should also be convincingly secure to ensure that scammers cannot enter any account without relevant authorization. The two-factor authentication feature is a good example of authorization protocol. This feature serves to alert users immediately whenever an attempt to access their accounts is made.

Choosing a Payment Option
Payouts of Winnings in Live Casinos

Payouts of Winnings in Live Casinos

After players deposit money into their account, they can use the funds to place wagers and possibly win money. If the wagers are successful, the casino usually deposits the players' winnings into their gaming accounts. The players can then use the winnings to place other bets or withdraw the payout.

The Withdrawal Process

Withdrawing the funds from a live casino can take a little longer than making deposits. The process starts with a player submitting a withdrawal request. In the withdrawal request, the players must specify the amount they wish to withdraw and the account to which the casino should send the funds.

In most casinos, not all deposit methods are usually available for withdrawal. Players who make deposits using payment methods not available for withdrawal have to choose a new payment option for their withdrawals. At times, that may require opening a new account with a payment service provider.

The casino then reviews the withdrawal request, which usually takes some time. The funds are released via the approved payment channel to the user's online banking account if everything checks out.

Bitcoin live casinos usually use a slightly different approach for withdrawals from e-wallets or traditional payment methods.

Payouts of Winnings in Live Casinos
Live Casino Payment Options

Live Casino Payment Options

As mentioned earlier, there are numerous live casino deposit methods available to players. Different gambling platforms accept various payment systems, depending on what they deem convenient for their members. Some are more popular due to:

  • Payment efficiency
  • Customer services
  • Transaction limits
  • Availability

Below are some of the most popular payment options across the globe.

Credit Cards and Debit Cards

Credit and debit cards look almost identical and are used similarly. The key difference between the two is from where the funds are drawn. Debit cards draw the funds from the user's account and only work when the user has funds in their account. On the other hand, credit cards let the user borrow the funds from the card issuer, which he/she will repay later with interest.

One of the perks of using credit and debit cards is that most are accepted internationally and in almost all live casinos. They are also significantly safe and secure payment options, trusted by millions globally. They are also quite convenient in that they link to the user's bank account. That means. That means no need to transfer funds from one account to another before finally making payments.

These banking methods are popular for players to use for depositing cash into their live casino accounts. They are fast, safe, and ideal for those who wish to begin betting as soon as they load their accounts.

Some of the top credit and debit card brands are:

Prepaid Cards

Prepaid cards work in an almost similar way to credit or debit cards. The only main difference is that prepaid cards are usually not linked to the user's bank account. The user must first load funds into the card and spend only up to the amount loaded.

Some popular prepaid cards are:

  • Brinks Prepaid MasterCard
  • PayPal Prepaid MasterCard
  • Caxton MasterCard Currency Card
  • Playcard Prepaid MasterCard

Some of the benefits of prepaid cards are that they are easy to use, help reduce the risk of overspending, and are generally a secure payment method. Payments made through prepaid cards are also typically instant.

E-Wallets

E-wallets are the most popular live casino payment method available to live casino players. Generally, e-wallets are online banking services that enable users to make payments via a computer or smart device. Users usually have to load money into their e-wallet accounts to be able to make payments.

The most popular e-wallets used in live casinos are:

One of the main reasons putters prefer e-wallets is for their convenience. Users need only a smartphone or computer to access funds and make payments at any time and from anywhere in the world. E-wallets' popularity has also made it such that nearly all major live casinos accept e-wallet payments. Payments made via this method are usually processed instantly.

Paypal
PayPal is one of the most popular methods and is a secure deposit method for gambling enthusiasts. Most live casinos accept it because it has many perks, including the fact that it caters to the needs of players worldwide. Besides, those using this deposit method to fund their online gambling accounts can also withdraw their payouts through it. This offers convenience.

Bank Transfers

Bank transfers or wire transfers allow players to move finances from their bank accounts to the online gambling platform's account. Bank transfers generally occur when users make payments to live casinos directly from their bank accounts. Several communication services facilitate international direct bank transfers. SWIFT and Fedwire are among the most used communication services. Among the top benefits of direct live bank transfers in a casino is that players do not need to transfer their funds to a different account to make payments. Cutting the chain means improved safety and security.

The payment method also allows users to make payments of relatively large amounts at a go. However, there are two significant downsides to direct bank transfers. First, payments usually take a bit longer to be processed compared to other methods. Secondly, there are transaction costs involved in the process. It is also depending on the gambler's bank and the amount of cash they wish to transfer.

Cryptocurrency

Cryptocurrencies are quickly taking their place among world currencies and accepted means of payment. Coins such as Ethereum and Bitcoin have enjoyed periods of exponential growth over the last few years. These currencies are now beginning to make an entry into online casino gaming. Selected casinos are now accepting cryptos as a means of making deposits.

Virtual monies are, like most other currencies, weighed against the dollar. Due to their tremendous value, casino deposits via cryptos involve only a small fraction of the currency. Their most significant strength is that they are not restricted to a specific country. This alone makes them frontrunners for the money of the future.

Bitcoin
The increase in the use of Bitcoin (BTC) has prompted many live casinos to accept it as a deposit method. This virtual currency is also ideal for withdrawing payouts at various betting platforms.

Live Casino Payment Options
The Best Payment Methods for Live Casinos

The Best Payment Methods for Live Casinos

Ranking the best payment methods for live casinos requires much research work and consideration to ensure that the rankings are accurate.

Furthermore, only the banking options that have been proven safe can be featured in the ranking. It depends on a particular gambler and what's most suitable for them at a given moment. One has to consider several factors before selecting the payment system to use at the gambling platform they prefer. CasinoRank that a lot into consideration when reviewing deposit methods, some of these are as follows:

How Payment Options are Reviewed and Rated

  • Accessibility- Accessibility is a key consideration when rating a live casino payment method as it directly affects the number of punters who can use it. The ratings also consider users' opinions, which could be low if the general mood among users is negative. Generally, the more accessible a payment option is, the higher it ranks.
  • Processing time- One should consider this element before choosing the best deposit method to fund their live casino accounts. While some options have a processing time of only a few seconds, others require two or three days for the money to reflect in the player's casino account. If the gambler wants to bet as soon as possible, it's prudent to opt for the fastest live casino deposit system.
  • Security- Security is always a top consideration for anyone looking for a payment method and should thus affect ranking. Determining how secure a payment method is, involves considering the number and functionality of the security features. The ranking also considers the willingness and efforts made by the payment provider to improve security continuously.
  • Popularity amongst providers- How popular a payment option is among providers is another essential ranking factor. Finding that information requires considering the number of live online casinos that offer the payment option. The more the number of casinos that offer the banking method is, the higher the rankings.
  • Privacy- Privacy is always essential when it comes to making payments to live casinos. Payment providers should put in all effort to ensure that all users' banking information and personal details remain confidential at all times.
  • Customer Support- The quality of customer service is another essential ranking factor. Top ranking payment providers offer friendly but professional assistance at all times and respond to queries and comments timely. The available channels for reaching customer service also matter a lot.
  • Company Website Encryption- The security features employed by a payment company website are a fundamental ranking factor. That is because a compromise of the website can lead to further complications and affect user experience. Ideally, the company website should be encrypted with reliable security certificates such as SSL.
  • Location- Players must think about their country of residence before they decide on the live casino deposit method to use. Various jurisdictions have different laws regarding gambling and the use of some payment platforms. Also, some systems may prevent users from accessing their services due to their locations.
  • Preferences- A live casino deposit method may be the best one for a specific gambler because they prefer it. This could be because it has incredible features such as accessibility and reliability.
The Best Payment Methods for Live Casinos
Responsible Gambling

Responsible Gambling

For those who wish to read more about responsible gaming or need help with addiction, please visit these websites below. Gambling addictions can be hard to spot, so please make sure to always gamble responsibly.

Responsible Gambling

FAQ

Live Casino Deposit Methods FAQs

Depositing and withdrawing from live casinos are some of the players' most sensitive activities. Here are answers to some frequently asked questions that players do not need to await customer support to help them with.

Do I Have to Pay Tax on My Casino Payments?

The answer is no. Most jurisdictions consider live casino gaming to be a leisure activity and do not tax. Some jurisdictions, however, require people to declare any winnings when filing their casino returns.

What is the Best Payment Method for Live Dealer Casinos?

Credit cards are the most convenient method for many players when playing in live casinos. It is fast and allows them to play even when they don't have ready cash. However, it is advisable for players looking to avoid problem gambling to avoid paying with credit cards.

E-wallets are a great alternative. They are also swift, cheap, and allow players to easily convert their cash between currencies.

Why is My Casino Deposit Declined?

This usually happens when the player enters the wrong details during the deposit process. It may also result from reaching a deposit limit in casinos that have a daily limit. Another cause may be that the player's card/preferred payment method does not have a sufficient balance.

Why Was My Casino Withdrawal Declined?

Usually, the casino communicates with the bank when a withdrawal is requested. One reason why a withdrawal may be declined is trying to withdraw the casino balance rather than winnings. Also, withdrawing winnings from most bonuses without meeting the wagering requirement may lead to a denied request.

Can I Make SMS Payments at Casinos?

Yes, most live casinos allow mobile payments, including SMS. It is, however, advisable to check whether a casino accepts the method before signing up. Also, some casinos only accept SMS payments in a particular currency; it is important to check on that too.

Is There an Online Casino with Amazon Pay?

Yes, there are online casinos that accept Amazon pay. Players can check these casinos on the specific casino menu where accepted payment methods are typically listed.
For players looking to use the method for both deposits and withdrawals, it is important to note that the method is slower than other e-wallets. Payouts take between two and five days. Some players have also expressed dissatisfaction with the fact that the method leaves a record of payments on their accounts.