A Quick Guide to Types of Payment Methods for Online Gambling

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If you want to win real money at an online casino in the US, you’ll first need to register an account and make a deposit. There are plenty of safe, secure, and swift banking options available to choose from, each with its own set of unique advantages.

 

While some offer speedy withdrawal times, others offer higher levels of security. The method that’s right for you will depend on your personal preferences, but we’ve listed the most popular options below to help you narrow it down.

 

Cryptocurrency

As cryptocurrency becomes a more popular way to pay online, several casinos in the US include it in their list of banking options.

 

You won’t find crypto payments at large chains like FanDuel, or even at sites regulated in the US. However, you can use various crypto payment options, such as Bitcoin, Litecoin, Ethereum, and Tether, at internationally regulated online casinos like SlotsLV. With its versatility, cryptocurrencies can be used to not only play 8 lucky charms slot machine, video poker, and table games, but also earn a higher welcome bonus and additional rewards on the platform.

 

When a casino does offer crypto payments, you can usually use it for both deposits and withdrawals. In addition, many crypto sites will offer exclusive crypto rewards packages for hitting certain achievements during your gameplay. You can boost your bankroll and fund your account with extra security and anonymity!

 

Debit/credit cards

Debit and credit cards are, without a doubt, the most widely available payment methods around. Cards like Visa and Mastercard are a mainstay of almost every US casino, and you can often use your Discover or American Express card too. As the most popular way to pay for any online service (not just casinos), it’s no surprise that debit and credit cards top our list of the best payment methods. Debit and credit cards are almost always available for both deposits and withdrawals.

 

PayPal

PayPal is a very popular e-wallet option that you can find at most trusted online casinos in the US. It works by saving your payment details in an external PayPal account, where you can log in and make instant deposits.

 

When you pay with PayPal, you save yourself the hassle of re-entering your details whenever you want to make a deposit. Though your details are saved, they are stored in your PayPal account rather than in the casino’s database, so you can rest assured that you’re not sacrificing safety for convenience.

 

Other E-wallets

Besides PayPal, there are a variety of other e-wallets you can use to make online payments. Though the options available may change from one casino to another, you can usually find at least one of the following: Apple Pay, Google Pay, Venmo, Skrill, and Neteller.

 

Bank transfer

A bank transfer is an excellent choice if you’re looking for a fast and secure way to make deposits. Widely available in the US, bank transfers can take just a few minutes to arrive in your casino account and a couple of business days for withdrawals to land in your bank account. All you need to make a bank transfer deposit is your account name and number, so you share as little personal information as possible.

 

ACH (eCheck)

Paying by ACH or eCheck is an option that’s exclusive to American bettors. The process is pretty much the same as a bank transfer, except your payment will be checked and cleared by an Automated Clearing House before it gets sent to the casino. This step adds an extra day to the deposit speed, so it can take a little longer for the funds to arrive in your casino account. However, it also means it’s one of the most secure payment options around.

 

Play+

Another payment option that’s available exclusively in the US, Play+, is a type of branded prepaid card that you can use at large casino chains like Caesars and BetMGM. It works somewhat like a loyalty card, so you won’t be able to use your Caesars Play+ card anywhere except Caesars itself.

 

One big perk of using a Play+ card is the withdrawal speed. Many casinos offer instant withdrawals to Play+ cards (after processing, of course.) Even e-wallets can take a couple of hours to arrive in your account, so Play+ is typically the fastest withdrawal option available.

 

Summary

Ultimately, US bettors have got a wide range of banking options to choose from. Alongside the safety measures that the payment provider offers, the casino you register with will protect your payments with firewalls and the latest SSL encryption technology. Therefore, you can rest assured that your deposits and withdrawals will be protected, whichever option you pick.

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