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Best Casino Banking Methods 2020


Casino banking is the foundation upon which all online casinos in the United States in 2020 are built. Casino banking allows players to deposit funds into their casino account and use it to wager on their favorite casino games, as well as withdraw winnings that they’ve made while gambling online. Quick, easy, and convenient banking is central to an enjoyable casino experience.

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HIGHLY-RATED CASINO BANKING OPTIONS

THIRD-PARTY E-WALLETS

Third-party e-wallets are some of the most popular ways to make deposits and withdrawals at online casinos in the USA. They offer players the ability to make near-instant and completely secure payments and withdrawals. Players who are concerned about the safety of their financial information love the fact that e-wallets keep their banking details safe. This means that they never have to give out their credit card details to anyone else than their chosen e-wallet service provider.

Each e-wallet has its own set of advantages, and players need to choose which one best suits their needs.

The most well-known as widely accepted e-wallet services are:

Image of casino banking e-wallet America

PAYPAL

PayPal is the largest and most popular e-wallet service in the world. Players who use Paypal can make easy withdrawals and deposits at online casinos. Most online stores will also accept Paypal. PayPal is one of the safest payment methods available to players.

SKRILL

Skrill, formerly known as Moneybookers, is similar to Neteller in most respects. It also allows players to use their accounts at a range of online stores

NETELLER

Neteller is very popular in the United States and many players use. Users can store multiple cards to use to pay on their profile at one time. Neteller allows players a whole range of options to fund their Neteller e-wallet, making it one of the most diverse options available.

EFTS

EFTs (or wire transfers) are not the most popular casino US deposit method. However, it used by many players who are concerned about the security of their banking details.

CASINO BANKING – CREDIT AND DEBIT CARDS

Credit and debit cards are still the most popular way to make online purchases, including deposits and withdrawals at casinos. Though not all cards are created equal, and players need to note a few differences between the two major card suppliers and how it affects them.

Image of casino banking credit cards United States

MASTERCARD

Mastercard users can make safe and secure deposits at casinos with ease. However, Mastercard has, in recent years, introduced restrictions on the withdrawal methods available at online casinos. Though, some casinos still allow Mastercard users to withdraw money, though these are in the minority. Players should not rely on their chosen casino to offer Mastercard withdrawals. If players choose to make a deposit with a Mastercard credit/debit card, they should have a different withdrawal method ready.

VISA

Players who use a Visa credit or debit card at an online casino have a wider range of banking options available to them. This doesn’t necessarily mean that Visa cards are better than Mastercards. Some players will prefer to use different methods to deposit and withdraw, and that means that Mastercard banking might even be their best bet.

American Express

American Express (or Amex) is a company that specializes in providing financial services. It is estimated that in the US at least 25% of all credit card transactions are made through American Express cards. It is due to the popularity of the card in the country that many casinos offer this banking option to players.

Bitcoin

Many players have probably heard of Bitcoin before. The cryptocurrency’s incredible rise in value over the last year, and the desire for players to make use of the virtual currency, led to many  casinos offering their players the chance to use Bitcoin as their preferred casino banking method.

CASINO BANKING SAFETY AND SECURITY

Every casino needs to take the utmost precautions to protect their players’ information.

The best way to do this is via encryption. The industry standard for encrypting all communication between the player and the casino is via 128-bit Secure Socket Layer (SSL) encryption.

Image of casino banking credit card safety USA

SSL encryption means that all information sent between the player and the online casino is ‘scrambled.’ This ensures yor data is safe. Even if they were to manage it, the encrypted information would be impossible to decrypt without the correct key.

The easiest way for players to ensure that their chosen casino uses encryption is by looking at the address bar in their browser. If it has a green lock before or after the URL, it means that the website is encrypted and players can calmly proceed with their planned transactions.

CASINO BANKING FAQ

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