We want to welcome you to the best online casino payment methods guide for 2020 – your one-stop shop for discovering the methods to deposit to online casinos in 2020. In this brief guide, we are going to run you through everything a new bettor needs to know about mobile deposit payment methods as well as taking you through a sequential process on how to make payment using these methods. Finally, we’re glad to answer some of the frequently asked questions on mobile casino depositing by providing accurate answers.
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- 1 Our Top Mobile Casino Payment Methods for 2020
- 1.1 Boku – The Most Popular Mobile Payment Option
- 1.2 PayPal – The Most International Mobile-Friendly Payment Option
- 1.3 VISA Credit/Debit Cards – The Most Common Payment Option Online
- 1.4 Skrill – Europe’s Best & Most Popular eWallet
- 1.5 Neteller – A Sister Company to Skrill
- 1.6 Bitcoin – The New Cryptocurrency Causing Ripples on the Internet!
Our Top Mobile Casino Payment Methods for 2020
Boku – The Most Popular Mobile Payment Option
Boku is regarded as the best and most popular pay by phone bill method accepted across multiple casinos. It’s the best-ranked option used for making both deposits and withdrawals, and you are bound to run into it at one point as you bet online.
One of the reasons why Boku is frontmost among mobile players is because it is fast and easy to use. Unlike other options that take a few minutes to process your transaction, Boku processes both deposits and withdrawals instantly, enabling you to start betting on the move in a matter of moments and withdraw your winnings within the shortest time.
Additionally, making deposits using Boku is totally safe and secure, as no personal information is shared with the online casino plus you have to confirm that you want to make the payment once you receive a confirmation SMS before the transaction is processed.
Lastly, some players might argue that this is a limitation, but if you value responsible gambling, you’ll agree that a €30 limit set on deposits made through Boku is a big plus. It will not only force you to bet wisely, but it also prevents gambling from becoming compulsive.
To make your initial deposit using Boku, simply click on the ‘Banking’ option and select Boku as the payment method. Next, enter your mobile phone number, the amount you wish to deposit and click on deposit to complete the first step of depositing.
Boku sends a message that requires you to confirm that you want to go ahead with the transaction and if you agree, the deposit will instantly be credited to your account!
PayPal – The Most International Mobile-Friendly Payment Option
Unquestionably, PayPal can be regarded as the largest and best known eWallet on the internet. A quick Google search of PayPal will reveal about 1,260,000,000 results, in approximately 0.58 seconds – which indicates how widespread this payment method is. In fact, PayPal is responsible for almost 50% of all the transactions made on the internet at its peak.
The idea behind PayPal is very simple and straightforward- instead of using your credit/debit card while making transactions online, which can put your financial details at risk, PayPal allows you to link your debit/credit or bank account after creating an account with them. Through this, you can deposit your funds to their platform, i.e., PayPal account, then make all the necessary transactions without revealing any sensitive information.
Online, the services offered by PayPal are invaluable. The convenience and ease of processing gambling volcanic cash slot transactions through PayPal are indisputable, while the security is unrivalled thanks to the very strict policies they have.
Once you are logged into your account, just click on the banking/deposit button and select PayPal as your preferred method of depositing. Enter your PayPal email address, password and click on the deposit button to complete your transaction.
Immediately the transaction is complete, PayPal will send you an email with a receipt of the transaction for transparency.
VISA Credit/Debit Cards – The Most Common Payment Option Online
Despite having so many casino deposit options to choose from, the majority of which are far much more convenient than debit/credit cards, most of the players still prefer to use these two options. Most of the British banks VISA debit & credit cards.
This means that millions of people across the UK have VISA cards somewhere in their wallets, a factor that makes VISA most preferred and easy to use payment method in gambling industry.
While VISA deposits are usually time-consuming – you have to enter your number physically, then call your bank to get a code sent to your account physically before finally being able to make the payment – they tend to be more secure and instant once you’ve completed this process.
Just like the other methods of payment, to make your deposit using VISA, you just have to click on the banking/deposit option, choose VISA as your preferred method and boom! You are set to start playing ASAP.
*PS: There are countries that don’t support payments made to online casinos. Therefore, you might have a problem using VISA, and you’ll be forced to use the other payment options on this list.
Skrill – Europe’s Best & Most Popular eWallet
Skrill is an eWallet – and has so many similarities with PayPal – that offers you an extra set of protection between your bank and the online platform that you are making the payment to. To use it, you have to make a deposit from your account to Skrill after which you can upload your funds to the gambling platform.
When compared to PayPal, the popularity of Skrill surpasses it by millions of bettors. This mainly because it started off in the industry offering gambling services before PayPal could start. The result is more online gambling platforms have integrated it as a payment method as compared to PayPal. Furthermore, transactions – both deposits and withdrawals – made through Skrill are much faster when compared to PayPal, and the limits are also very friendly.
To make a deposit through Skrill, you simply have to log into your account, select it as a payment option, enter your Skrill details (email and password), authorize the transaction, then click on deposit to complete the process.
*Any deposit made through Skrill is instant, while all withdrawals take between 12-24 hours depending on the online betting platform you are playing from.
Neteller – A Sister Company to Skrill
This eWallet was founded in the mid-1990’s and is considered as one of the founding fathers offering online payment solutions. Despite being one of the oldest online payment platform and it’s still going strong with offering these services.
One of the biggest advantages of using Neteller is that there are NO FEES associated with the transactions. This is a policy that they started the company with and have by far remained to compromise it.
Besides this, Neteller offers all its services in a much similar manner like all the other eWallets – with the main advantage being security and fast processing speed. Signing up for a Neteller account is a very quick and seamless process, too.
To make your transaction, simply log into your casino account, click on the deposit/banking button, select Neteller as the payment option, enter the amount you wish to deposit, authorize the transaction and finalize it by clicking on the deposit button.
*In 2015, Paysafe Group, the owners of Neteller purchased Skrill at a value of €1.1 Billion and introduced all the services to the sister company.
Bitcoin – The New Cryptocurrency Causing Ripples on the Internet!
Have you ever imagined at one point that there could be a payment method which would allow you to make and receive payments without revealing your identity? This is what Bitcoin is doing and not so many people are happy about it!
Bitcoin is the new cryptocurrency that’s causing ripples on the internet. Using the state of the art blockchain technology, this internet money promises its users anonymous transactions, and as such it has found favour with so many bettors and gamblers.
In addition to anonymity, the other benefit that comes with Bitcoin is that there are virtually zero fees imposed on the transactions – both deposits and withdrawals. While others might argue about the €10 transaction fee is too high – it’s worth noting that it’s only meant to quicken the transaction.
Lastly, there’s the fast processing time frame that Bitcoin offers. As already mentioned above, most of the payment methods take between 12 hours to 5 working days to process your transactions. However, for Bitcoin, you can have your deposits processed instantly and winnings available in less than 10 minutes. This, combined with anonymity is, perhaps, the reason why most bettors prefer using Bitcoin.
So why are some people not yet embracing Bitcoin as a payment method? The most probable reason is that of the process of depositing and withdrawing. Some consider it very complicated, and yet it’s as simple and straightforward as other options.
To deposit, you need what we refer to as a Bitcoin wallet – which is used to hold and store all of your coins. Each wallet usually has a unique address, and it’s this address that you need while carrying out your transactions at the site.
Log into your Bitcoin casino account, select Bitcoin as a payment option, and paste your Bitcoin wallet address to complete the transaction. Withdrawing is much similar to the depositing process – you copy your BTC wallet address, enter it into the BTC field once prompted by the casino and click on the withdraw button to complete your transaction.