Best online casino payment methods for 2023

Best online casino payment methods for 2023

Added:
Best online casino payment methods for 2023

Top secure online casino payment methods operators use to attract players and facilitate payment processes. Check the available options to find the right fit.

Are you facing the dilemma of choosing the best online casino payment methods for 2023? Actually, anyone could get carried away by the wide variety of available options. In the scope of this article, we’re going to elaborate on payment types for online casinos by helping you narrow down your choices and finally pick the most suitable ones.

Visa
Established in: 1958
Products: Credit Card, Debit Card, Voucher, Gift Card
Message
Mastercard
Established in: 1966
Products: Consumer credit, Consumer debit, Prepaid cards
Message
Neteller
Established in: 1999
Products: E-Wallet
Message
Skrill
Established in: 2001
Products: E-Wallet
Message
PayPal
Established in: 1998
Products: E-Wallet
Message
Trustly
Established in: 2008
Products: Bank transfers
Message
iDEAL
Established in: 2005
Products: Bank transfers
Message
Bitcoin
Established in: 2008
Products: Cryptocurrency
Message

Payment methods for online casinos: main criteria

Sometimes you need to make a case-specific choice of casino payment solutions by trying to find the right fit. However, there are also certain benchmarking criteria to consider. Whichever option you choose, make sure they facilitate the processes for players. Wear your players’ shoes and go in line with their priorities. In fact, players are often guided by the following criteria:

Safety of financial assets

It’s no secret that players put safety first. We can even say that your online gambling platform is as good as its payment systems are secure. When making online deposits, players need to feel assured their data remains confidential.

The security of online transactions is ensured by the Transport Layer Security (TLS) protocol. Formerly known as SSL, the TLS protocol ensures privacy when the Browser retrieves data from the server. As an operator, you should make sure to keep this in mind before integrating payment types into your platform or choosing iGaming B2B providers.

Deposit and withdrawal time

When searching for an iGaming platform, players usually take notice of deposit and withdrawal durations. As an operator, select payment types that facilitate not only fast deposits but also fast withdrawals. The matter is that most operators often ensure fast deposits, while the withdrawal process takes time. So, if you want to deliver a customer-centric service and beat the competition, keep your focus on this aspect.

Bonus availability

Some operators limit the availability of bonuses, including the welcome bonus for punters who use certain payment systems. Although operators may have their own reasons for doing so, this approach creates a set of inconveniences for players. 

Another obstacle along the way is the high benchmarks for minimum deposit and withdrawal amounts. Some players may feel uncomfortable depositing large amounts of money and wagering until they reach the minimum withdrawable amount, let alone the fact that they never know if they’re going to win. So, it’s out of suspicion that balancing these points will work out in your favour.

Transaction fees

Banks and operators often charge high transaction fees while punters prefer services with low commissions. Although the amount is often kept at the minimum, a commission withdrawn from every transaction can be annoying. In case charging transaction fees is inevitable, it’d be fair play to elaborate on this in your terms.

Most used online casino payment methods

Operators, iGaming software suppliers and players crave for the utmost security and usability of payment options based on the aforementioned criteria and the growing popularity of hyper-innovative financial technologies. So, it’s obvious that you should be well-versed in the specifications of each payment system.

It’s also pretty important to hold a merchant account. The latter will allow you to accept deposits from popular payment systems such as debit cards, electronic wallets, also through payment services applied in the banking industry, such as Trustly, iDEAL etc.

Credit cards

payment methods casinoOne of the common payment systems that is also used for transactions in the iGaming industry is the credit card. Even though this payment option is a classic, it’s becoming less acceptable for regulated markets. Some licensing jurisdictions ban gambling with credit cards. Because credit cards are intended to hold borrowed money such as loans or cash advances, the concept starts conflicting with responsible gambling procedures.

Despite this, credit cards are still considered a popular payment option for casino transactions. So, if this payment system is nonetheless applicable in your situation, the low-interest fee can be its main advantage. Below are the most reliable credit card companies:

  • Visa
  • Mastercard
  • Maestro
  • American Express
  • Union Pay

Debit cards

In contrast to credit cards, debit cards are intended to keep the money that the customer has at his/her disposal, so its holders can withdraw the needed amount right away with zero transaction fees. World-famous companies issuing debit cards are as follows:

  • Visa
  • Maestro
  • Electron
  • Mastercard

Electronic wallets

One of the fastest and easy-to-use payment solutions are e-wallets. In fact, this payment type outranks the turnaround times of its rivals. What’s more, players can enjoy low transaction fees when deposits are processed with electronic wallets. Another significant advantage of this payment system is its security.

Note: According to research by Yap and NG in 2019, Malaysia, the use of e-wallets facilitates online transactions while maintaining the confidentiality of payment data.

The system allows players to feel at ease about their data by keeping their bank account info detached from the casino account. In line with the advantages, this payment system also has limitations. Because of the high interest rates, some operators restrict or exclude bonuses for e-wallet users. As an operator, why not consider offering bonuses and promotions to e-wallet users to stay ahead of the competition? Here are examples of most used e-wallets:

  • Paysafecard  
  • QIWI
  • Neteller
  • PayPal
  • Ecopayz
  • WebMoney
  • Skrill

Mobile payments

Should your players be searching for a facilitated medium to make payments on the go, mobile payments can be what they need. All they need to do is to attach their phone number to the payment system, input the security code and confirm the deposits with a fingerprint. Below, you can find the list of major mobile operators.

  • MTS
  • Tele2
  • Beeline
  • Megafon

Virtual currencies

Cryptocurrencies conclude the list of the popular payment solutions. In contrast to the above-mentioned four payment varieties applied in the financial banking sector, cryptocurrency payments are maintained in and processed through crypto wallets, so they can be withdrawn quickly from anywhere and ensure minimal or no transaction fees.

Note: There are three types of crypto wallets – paper wallets, hardware wallets and online wallets. Though each wallet type has its advantages and disadvantages, online wallets are becoming mainstream due to convenience, as well as security provided by two-factor authentication. As opposed to standard wallets which hold money, crypto wallets don’t keep digital assets. Instead, they keep the public and private keys to the blockchain network.

Thanks to their cryptographic nature, digital currencies stored in the blockchain database attract players with decentralization and anonymity. There is a wide range of virtual currencies used as payment solutions in crypto casinos. If we analyze the security level of digital money as the most decentralized one among online casino payment methods bitcoin will definitely lead the list.

best bitcoin casino affiliate programs to join

There is a lot of buzz around bitcoin casinos due to the consistent online casino marketing operations. These marketing campaigns also include bitcoin casino affiliate programs for affiliates to join and spread the word about bitcoin-powered casinos. 

But the buzz is also going on around other cryptocurrencies which reassures us that this hyper-innovative fin-tech solution is going to further expand its boundaries in the years to come. Below, explore some major virtual currencies:

  • Bitcoin 
  • Etherium
  • Litecoin
  • Dogecoin
  • Binance
  • Ripple
  • Cordano

Other online casino payment methods

Even though the aforementioned payment systems are more popular, other payment systems should not be left out of the game. Let’s dive deeper and explore them.

Vouchers or prepaid cards

As an operator, you can also get to know more about vouchers or prepaid cards – an anonymous and secure payment medium most players love. The process of obtaining and using this payment solution is as simple as purchasing them, loading them with funds and making online deposits.

The only disadvantage players may encounter is the restriction on bonuses. The underlying reason is that sometimes operators themselves have to pay high commissions to integrate these payment solutions. So, think for yourself, is this a good chance to beat the competition? Here are some popular types of vouchers or prepaid cards.

  • Visa Prepaid
  • MasterCard Prepaid
  • Neosurf
  • Paysafecard
  • American Express Prepaid

Bank transfers

Another secure payment alternative used for iGaming transactions is bank transfers. Especially noteworthy is the fact that bank transfers are implemented by adhering to stringent KYC policies. This is an important factor that serves the greater good helping prevent financial crimes such as tax evasion, money laundering and terrorism financing.

Another advantage of this payment system is the fast deposit. The withdrawal process, however, is slow and transaction fees differ significantly from operator to operator. Here are a number of secure bank transfer services through which the process is facilitated.

  • Trustly 
  • Wire Transfer
  • iDEAL 
  • Giropay 
  • Instadebit

Each of the mentioned bank transfer services has its own approach to ensuring security and data privacy. However, the bank acts as an intermediary while processing payments requested by any of the services.  

Types of online casinos based on payment options

Payment solutions have become so diverse and sophisticated that iGaming operators are now differentiated according to the money they accept. In particular, we can witness the emergence of fiat, crypto-centric, as well as mixed types of operators. As the names suggest, fiat operators accept fiat payments, crypto-centric operators accept crypto and mixed operators accept both. 


If you’re someone who plans to launch and operate an online gambling service, make sure to explore top casino payment solution providers. Modern payment solutions are sophisticated enough to facilitate both real money and cryptocurrency transactions. Each payment system has its pros and cons and sometimes you just need to find the right fit. Players are looking for licensed operators that can facilitate secure payments, low transaction fees, fast and hassle-free deposits and withdrawals. In addition, players will look for bonuses available in case of depositing and wagering with a specific payment system. 

Long story short, a tip from the warm family at AffPapa is to consistently go above and beyond to address the needs of your players, which will put you ahead of the competition and let you further enjoy the fruitful journey. 

  • FA suspends betting for former Scottish International player FA suspends betting for former Scottish International player
  • CPA Club Connect being organized prior to SIGMA Dubai CPA Club Connect being organized prior to SIGMA Dubai