Traditional credit card payments processed by the casino itself are a great option. The benefit of credit cards is that most of them are established worldwide, so if currency needs to be converted, it’s done quickly and easily with minimal fees. Most credit cards offer minimal fees and some even offer benefits like travel rewards. The turnaround time with credit cards is typically among the quickest available because you already have an established relationship with the company, making identity verification much quicker. Another benefit is that credit cards also offer zero liability if subjected to fraud. The casino typically also offers another layer of protection by ensuring the transaction is safe and smart for all parties involved. Credit cards are a very viable option for those who value speed and convenience.
Another option available to customer’s is using a third party payment processing company. The primary benefit to using this method is that you are only sharing your information with one company, which can be used on many different websites. Acting similarly to a digital wallet, this method takes out the hassle of having to wait for bank wires. This method is also beneficial as the casinos typically have an existing relationship with the company, which speeds up processing time especially for payouts. These companies are typically also worldwide and are able to convert currency quickly and easily. They also offer one-touch service saving the customer time and money. Among the most popular of these services are Neteller, PayPal, and Skrill just to name a few. Another popular feature these providers offer is being able to transfer money between each other and to your bank instantly and online. If convenience and security of your information are important factors, a third party payment processor might be the best option.
The last option is direct bank wires. The benefit of bank wires is that the information shared doesn’t involve having to use your credit card information. It is typically also a cheaper option as far as fees. There are two major drawbacks however, there can be a waiting period for the bank to process the transaction and you are divulging your actual banking account information. The upside is that banks tend to be a bit more cautious when it comes to security. If the bank sees there are any security concerns whatsoever, they may reject the request. Also, there may be additional levels of verification required by both the bank and the casino. If the primary concern is saving money and not wanting to disclose your credit card number, a bank transfer is a good choice.
