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A complete guide to online casino payment methods 2021

Gone are the days when people used to gamble and play their favorite games at brick-and-mortar casinos. We live in an era of online gambling. Similarly, the high-street betting chains are vacant as more and more people are trying out online sports betting.

There are many NJ online casinos that accept PayPal, so, no need to worry if you do not have a credit card to play your favorite table games.

As we are in trying times, online gambling is on the rise. Regardless of you where you are in this world, the sportsbooks and online casinos are ready to serve you. But how do online casinos provide you with seamless services? Easy, the vast array of online payment methods makes it possible for them.

What are the different types of payment methods for online casinos?

The versatility of withdrawal and deposit methods allows worldwide-players to find a suitable provider that entertains them a great deal.

That being said, we are here to help you choose the payment method that best serves your particular gambling needs:

Debit and credit cards

 Payment through debit and credit cards is the most popular method in the United States and Europe. More than 49% of the people in Europe pay for games using their credit and debit cards. Most sportsbooks and leading online casinos in the industry use Master card, Visa, and Maestro.

The best benefit of using a debit card is the accessibility that comes with it. However, there’s one disadvantage that many new banks do not allow online gambling payments now.

E-wallet (PayPal)

PayPal is the first kind of PayPal that has allowed individuals to send money to a company or a person. It is still the top choice of payment for many online betting and gambling websites. There are many NJ online casinos that accept PayPal, so, no need to worry if you do not have a credit card to play your favorite table games.

In fact, online gambling transactions accounted for more than 8% of PayPal’s entire revenue in the year 2002.

As of now, PayPal is an international business and processes all kinds of payments in more than 100 countries.

Vouchers and pre-paid cards

Paysafecard is one of the leading prepaid cards in the online gambling business, especially in Europe and UK. Due to its high security, almost every online casino on the internet accepts payments through this card. The fee is minimal and you can process the payment directly, as opposed to using a credit card.

Even though Paysafecard does not work in the United States, you can still buy using a different location and deposit money for your favorite table game electronically.

Bank wire transfers

Bookies and iGame operators accept bank wire transfers because they have strict requirements and guarantee secure payments.

They are subject to KYC (Know your customer) procedures. This reduces the risk of all KYC-related and money laundering problems.

However, this payment method takes time, so, you will have to wait 7 days to complete your payment process. Moreover, you would also have to pay additional bank charges that vary as per the amount of the withdrawn amount.

Conclusion

As you see, online casino payment methods vary greatly, depending on the country and location. However, all methods are safe to be used by online gamblers.