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Which Are the Most Popular Online Casino Payment Methods?

Which Are the Most Popular Online Casino Payment Methods?
The Siliconreview
23 November, 2020

Shopping around for a decent online casino doesn’t have to be difficult. There’s no shortage of options available, but there’s no need to spend hour after hour analyzing and scrutinizing each and every one of them.

Instead, the quickest and easiest way to find a quality online casino is to use real-life customer reviews and recommendations. Just as long as it’s approved by genuine gamers like you, it’s most likely a safe bet.

Nevertheless, there’s one factor of major importance to be taken into account, prior to signing up. It’s not the most enjoyable part of the process, but consulting a casino’s terms and conditions regarding deposits and withdrawals is mandatory. Luckily there are good casinos such as Buzzluck Casino, that offers to its gamblers plenty of payment options, as you can check on Buzzluck Casino Review.

Which Are the Most Popular Online Casino Payment Methods?

Different casinos support various different payment methods, which may or may not attach fees and commissions. Some payment methods are country or region-specific, whereas others are accepted all over the world.

Right now, the most popular (and safest) payment methods accepted by most online casinos are as follows:

Paysafecard

A quick and easy way to both deposit funds into your account and request withdrawals, Paysafecard also tends to attach much lower fees and commissions than other major credit and debit cards. It’s also one of the safest payment methods for all types of online transactions.

Neteller

It’s a similar story with Neteller, which in some parts of the world is one of the most popular online payment methods of all. Neteller is technically a virtual online wallet, though comes with the option of a physical card that can be used to withdraw money from ATMs or make purchases.

AstroPay

Hot on the heels of its counterpart above is AstroPay, which is quickly gaining traction in many key markets worldwide. One of the biggest selling points of AstroPay being how quick and easy it is to conduct all types of transactions, which are covered by a whole bunch of safety and security protocols.

Neosurf

Safety and security are also the name of the game with Neosurf, which uses cutting-edge encryption to keep customers’ private information safe. As an added bonus, Neosurf has one of the lowest minimum withdrawal requirements of any online payment method - just $1.00.

Web Money

The popularity of Web Money is growing worldwide, but is nonetheless a payment method focused primarily on the Russian audiences. So, if you’re planning on doing business with any Russian casinos and need some Russian Rubles to play with, this is the payment method for you!

Visa or MasterCard

Last but not least, major credit cards like Visa or MasterCard continue to be the number-one choice for the vast majority of players worldwide. Both of which are exceptionally safe and easy to use, though in some instances are subjects to transaction fees and commissions. Something to be on the lookout for, when consulting the terms and conditions of any casino you plan on signing up with.

Is There a Limit to Cash Withdrawals with Online Casinos?

Choosing a safe and convenient online payment method is one thing but this doesn’t mean the casino itself won’t impose certain limitations and restrictions.  In terms of limited cash withdrawals, the short answer is yes - all casinos across the board limit how much players can withdraw within a given time period.

For example, a casino may limit cumulative withdrawals to a maximum of $5,000 per month, or say $500 per day. No big deal for most casual gamers, but potentially problematic for high-rollers.

Likewise, most casinos also impose restrictions on the minimum amount you can request for withdrawal. It’s sometimes as low as $10 but can also be as high as $100 - something to take into account and consider, in accordance with your budget.

In addition to limitations like these, you’ll also want to take note of any fees or commissions that apply. In some instances, casinos impose percentage-based commissions on deposits and/or withdrawals, payable each time a transaction is processed. In others, withdrawals above a certain amount (say $500) are free, but lower withdrawal requests are payable.

If Unsure, Request Clarification

Rounding things off, never be afraid to reach out to an online casino directly for clarification. If anything about the transaction terms and conditions you come across is ambiguous or downright confusing, you’re taking a risk by signing up and handing over your money.