Casino Payment Methods - A List of the Most Popular Banking Options
If you’re planning to play and enjoy online gambling, there are several things you need to keep in mind. First, you need to check if the casino is licensed and reputable. Also, you need to consider the games to play. As they say, not all games are created and designed the same way. Some of these games are colorful and engaging to play and some require a bigger bankroll and some skills. On top of these common requirements, other concerns should also form part of your list. Just take the case of the casino payment methods. The available banking options may not be on your shortlist, but it’s equally important should always be considered.
Why Payments are Important
Before you can play, you need to set up first your account with an online casino. This account includes your important information like complete name, address, email, and mobile number. As part of the Know Your Customer (KYC) policy, it’s also important that you’re at least 18 years of age to create an account. For players based in the Philippines, the requirement is set at 21 years of age. Aside from this important information, you also need to set up your banking information. You will play using real money and withdraw funds in the future so you need to set up a facility to process the payments.
Also, you don’t want to work with a casino that takes days to complete your casino deposit or charge oppressive fees for your casino withdrawal. As a casino player, it’s always recommended to review the list of available casino payment methods before registering for an account.
Popular Casino Payment Methods You Can Use
Casinos accepting bets from Filipino players often accept the most popular and reliable casino payment methods. Described below are the most popular banking options that you can use for all your transactions:
When it comes to convenience, reliability, and security, you can’t go wrong with e-wallets. An e-wallet is a type of electronic card that you can use to send and receive funds through a computer or mobile device. You need to link your e-wallet to your bank account to make payments. In Philippine casinos, the most popular e-wallets to use are Neteller, Skrill, PayPal, and Paysafecard. To use these in casinos, you need to register first a free account and fund it. Once confirmed, you can now enjoy fast deposits and withdrawals in PayPal casino sites and Paysafecard casinos.
This is another popular type of e-wallet available online. However, this payments company allows you to request a physical card. It also offers a prepaid card account which is best for players who want to manage their expenses and bankroll.
Credit and debit cards
For the longest time, Visa and Mastercard are the most popular casino payment methods in the business. The popularity of these payment options is understandable, they offer a safe and secure way of sending funds online. However, your only concern with credit and debit cards is slower than usual processing times. In most casinos, withdrawals can take up to 5 days.
Bitcoin and other digital currencies
In most innovative online casinos, you can find support for digital currencies like bitcoin, ethereum, and litecoin. In a Bitcoin casino, you can enjoy a fast and private way to send and receive funds.
Keep in mind that in some casinos, not all of these payment methods are available. Also, they vary in terms of processing times and fees charged. For example, in a Neteller casino or Bitcoin casino, deposits are instant with minimal fees. The credit and debit cards, on the other hand, may offer a specific set of cashier policies. If you’re using your card for the first time, you may be asked to submit a scanned copy of the ID to verify your account. It’s your duty as a player to verify these details before playing in real money.
What are the most popular casino payment accounts that I can use in many Philippine casinos?
If you register in one of our recommended online casinos, you will find popular banking options that you can consider for all your transactions. Some of the most common options are Visa, Mastercard, PayPal, Skrill, and Neteller.
What payment option should I use when depositing if I want instant processing?
For instant processing of your deposits, you can check out the e-wallets like Skrill and Neteller.
Are there Philippine online casinos that accept Bitcoin or other digital currencies?
Yes. You can check out our updated list of recommended online casinos to find out the best casinos that accept cryptocurrencies for both deposits and withdrawals.