When signing up at a new online casino, you usually want to check certain things like the variety of games available, customer support, and more often than not, their range of payout methods.
The online casino market offers players a wide variety of withdrawal methods. Payment options range from cheque and bank wire to PayPal and Bitcoin transfers. In addition, pay by mobile casinos allows players to deposit money using their phone bill or prepaid balance.
As each withdrawal method comes with its own benefits and drawbacks, it’s important to choose wisely. So, here are some tips on the quickest, more secure ways to withdraw your winnings.
E-Wallets: the Fastest Method
E-wallets have been used since the early days of online gambling. They’ve become one of the most popular withdrawal methods because they offer a fast and easy way to access your winnings. What makes E-wallets safe is the fact that your account balance and financial information are held in trust accounts. The registration process is hassle-free and only takes a few minutes. Also, there are shorter wait times – you’ll generally have to wait only for 2 hours. This makes it an ideal payment method for those who don’t want to wait around.
E-wallets are not only fast but they’re also more secure as you don’t have to share your financial information with multiple companies. Plus, since E-wallets are widely trusted in the online gambling community, they’re accepted by almost all online casinos, making one account useful everywhere.
Bank Transfer: the Classic Way
If you want the money to be deposited directly into your bank account without having to worry about too many details, then, a bank transfer is the way to go. In a nutshell, it’s a straightforward method of relocating your funds from one bank to another. While it’s not as fast as other withdrawal methods, it’s an easy way to get your winnings straight into your bank account. The only drawback is that you’ll have to wait about a week for the money to appear in your existing account.
As you provide your bank details directly to the casino without any middleman, bank transfers are also a safe way to conduct your casino banking transactions. Withdrawing is even easier – you just need your bank account number, SWIFT number, and depending on where you live, an IBAN number. Since this is a classic payment method, there are hundreds of online casinos where you can deposit via bank wire.
Other Catch-All Methods: Cards, Cheques and Money Orders
If the above-mentioned methods are not suitable for you, then, you usually have the option to receive a credit card deposit, cheque or money order. These options ensure that you have access to your winnings, but they usually take a bit more than other forms of withdrawals.Â
This is also the reason why many online casinos no longer use these methods. However, if you want to avoid the hassle of creating more casino accounts, then, one of these options may be the best suited for you.
Cryptocurrency Withdrawals
With the advent of online payment methods, the face of online banking is drastically changing. Cryptocurrency is the internet’s solution to a fast, secure and international currency. Today, the top online casinos offer cryptocurrency payout methods players who want to use crypto payouts can choose from Bitcoin, Litecoin, Ethereum, Dash or Bitcoin Cash. As all these cryptocurrencies are anonymous and secure, they are an easy way to ensure that your details remain private and secure.
MoneyGram
MoneyGram payouts are available at the top online casinos. This is a safe way to withdraw your winnings. On the downside, it does take a few days to process, and you need to physically pick it up at the MoneyGram office. However, it can be a great choice if you don’t prefer cryptos or don’t want to go through a bank.
MoneyGram transactions take up to 5 business days and the payments should be picked up within 10 working days. Players may have a weekly limit of MoneyGram payouts, and fees will be applied depending on the withdrawal amount.
No matter which method you choose to withdraw your winnings, it’s important to check the casino’s policies and processes before getting started. This way, you can ensure that you’ll get quick and easy access to your winnings, and you’re not risking your money as well as financial information.