The most popular payment methods in the United States
With all the different payment methods available for an online casino, a lot of casino players ask βhow do online casinos pay youβ. Understanding which payment method is best for you may appear confusing, but there is no need to worry as we have provided a helpful guide to each type available and the various advantages each offer.
Obviously there are payment methods that are more popular than others, for example, depositing to online casinos with Visa is a very popular payment compared to something a bit more obscure like finding an online casino Venmo method.
Our comprehensive list of the most popular payment methods, weighs up the various pros and cons of each, looking at criteria like deposit times, processing fees, verification times, and security. This should help you make informed decisions so you can find which online casinos with fast withdrawal times are available.
- Credit and debit cards : Credit and debit cards have long been the preferred method for transactions, however, due to regulations, banking institutions were not too keen to process online casino payouts and we’ve seen a rise in different, more conventional methods for example online casinos that accept PayPal are on the rise. As such making a deposit or withdrawal is extremely secure but the time taken for this can be as much as 72 hours.
- E-Wallets : The popularity of E-Wallets arose because of the faster processing times than debit cards were able to manage. All of this means that the best online casinos now accept e-Wallet payment methods, and they are popular with users due to online casino withdrawal times being quicker than conventional banking options. The main e-Wallets are Skrill, Neteller, Paypal and Paysafe.
- Cryptocurrency : Crypto wallets are used to store crypto coins, which is a payment method that can be used to spend at online casinos. There are small transaction fees involved and the main cryptocurrencies accepted by casinos are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE) and Litecoin (LTC).
Average times for deposits and payouts at a US online casino
Many people are used to making payments instantly for goods with a Visa, Mastercard, or American Express but these methods actually take up to 72 hours to be processed fully. Store owners let you take the goods knowing they will be waiting several days for payment.
Online casinos also credit your online account instantly as a gesture of goodwill, however before you can withdraw any winnings, your deposit has to be fully processed by the banking system, which can cause a delay of up to 3 days.
For E-Wallets the processing time is a lot quicker. An online casino deposit through Skrill, Neteller or Paypal will typically clear within an hour, with the longest delay typically being 8 hours.
Cryptocurrency deposits and payments are instant. As soon as you send funds, they arrive at the recipient. It is easy to see why more people use this method than 5 years ago.
It is also worth noting that some casino operators do not process payments on weekends. This may delay your online casino payout up to 48 hours depending on the casino in question.
What payment verification means for you
Government legislation aimed at eliminating criminal money laundering means that every online casino customer has to verify who they are.
Casinos undertake sophisticated checks to verify customers and often this requires a full identity check. Players often see this as a casino trying to avoid paying, but it is required by law and failure to do so can lead to the online casino losing their license with the gaming jurisdiction.
You will be required to take high-resolution photographs of a form of ID, typically either your driving license, passport, or government-issued ID card along with a recent utility bill. This is in order to verify your name, date of birth, and place of residence.
You only need to do this once for each of the new u.s. online casinos you play at, so while it is initially a minor inconvenience, it will not disrupt regular play at your favorite online casino sites.
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Payment method FAQ: 5 things to avoid when making an online casino deposit
My bank card has been declined when I try to deposit, why is this?
If this is your first time depositing at any online casinos with debit card or credit card, you may find your bank is typically cautious. Banks understand that when fraudsters illegally obtain the details of someoneβs bank card typically there will be deposits to gambling sites in an attempt to launder the money.
As a result, when a bank sees this unusual activity (because you havenβt played at an online casino before) they may put a temporary block on your card. This might also become an issue if you’re visiting an online casino with Apple Pay too. Not to worry though, simply call up the bank and explain that it is you and they will authorize the payment.
You can avoid these issues by switching to an E-Wallet that understands that their accounts are regularly used for online casino deposits.
Do I need to use the same deposit and withdrawal method?
Absolutely you need to use the same method. Online casinos are blighted with attempts at fraud, the main one being money laundering. A fraudster will deposit to an online casino with Mastercard, with that card being a stolen credit card, and then attempt to withdraw those same funds to an E-Wallet leaving the casino out of pocket when the original credit card owner does a reverse of the online casino deposit.
As such, online casinos will only return funds to the method used to deposit with, so if you are having online casino withdrawal problems, this may be the reason why.
Can I deposit with my partnerβs credit card?
Depositing at online casinos that accept credit cardΒ whilst using another personβs card to deposit is not an option, even if you live at the same address and share the same surname. Online casinos will always refuse an online casino payout if they find the deposit was made with a card not owned by the person named on the casino account.
This is because the card holder can later say βI didnβt authorize thisβ and get the deposit reversed which leaves the online casino out of pocket. When you make an online casino deposit the terms and conditions will always state it needs to be made in the account holderβs name.
As with previous points, avoiding fraud is often the reason for an online casinoβs policies but it has the added benefit of protecting everyone should a fraudster obtain their card details.
I want faster deposits and withdrawals, should I make a Bitcoin account?
If you are inexperienced with cryptocurrencies, we cannot advise this to new users. Cryptocurrencies are considered extremely volatile investments where the actual dollar value of your account can fluctuate multiple times in a day.
Of course the advantages over a bank are clearly there to see. Having an instant online casino payment method expedites transactions and can often allow you to take advantage of any online casino best payouts system, and if you play at multiple casino sites, this will be a huge benefit, but you should first educate yourself with the risks surrounding cryptocurrencies before making any such decision.
As a compromise you could consider an E-Wallet. There are several strong choices in the marketplace such as Moneybookers, Neteller, Paypal, EcoPayz, and InstaDebit.
They provide much faster processing times than conventional debit cards without the risk associated with an ultra fast cryptocurrency account
I made a deposit but didnβt qualify for a deposit bonus, why is this?
It is important you always read the terms and conditions of a deposit bonus before making your online casino deposit. Online casinos tend to prefer the more highly regulated online casino payment methods, and as such will encourage customers to use a traditional deposit method of credit or debit card by attaching a free spins bonus to them while excluding e-Wallets or cryptocurrencies.
If you are unable to deposit with a debit card, maybe you should consider an online casino in USA with no deposit bonus . This way you can still get a bonus while depositing with an alternate method which would not otherwise qualify.
It is also worth noting that a large majority of online casinos only allow 1 bonus per household. If you have a family member who also gambles, that may exclude you from receiving the same offer if you live together.
Tips for using online casino withdrawal methods
Send your documentation in before being asked
Most casinos will accept your identification before they ask for it. Getting your account whitelisted before you make your first deposit means that when it is time to make an online casino payout, you won’t be waiting around for verification. It also ensures that if there is any problem with your documentation, you can find this out before depositing, thus avoiding any annoyances as a result.
Avoid withdrawing over the weekend
Online casino withdrawal times are a lot faster during the week. Often casinos have reduced workforce in the payment department over the weekend, and coupled with the fact that more people play at a weekend than any other time, it can lead to long delays processing your payment. If you are able to do so, leave any withdrawal requests until the middle of the week. Tuesday to Thursday are the fastest days for getting an online casino payout into your bank account.
Avoid requesting multiple withdrawals
Β Payments teams will regularly batch together withdrawals into one payment in order to avoid banking fees. If you are a customer who regularly requests multiple withdrawals in a day then you may find the payments team delaying processing the first request in case you make additional requests that they can batch together. Your best bet is to keep funds in your account until you decide to finish playing for the day and then do one withdrawal.
Consider your next deposit when withdrawing
Before you make an online casino payout, think about the next time you will play at the website. Each withdrawal will typically involve fees, so in order to avoid these, you should consider keeping some funds in your account that you would otherwise deposit with next time.
Some casinos will absorb deposit and withdrawal fees as part of their customer service but many instead choose to pass those costs on to the user.
Casinos will have a page on their website where they list all the deposit and withdrawal options available along with any fees associated with those online casino deposit methods. If you are the kind of person who would rather not be paying fees, then try to keep funds in your online casino account and choose a deposit method that is the cheapest.
Finally note that different online casino payment methods will have different minimum deposit requirements, it is possible to find a US online casino low deposit method but some casinos might not offer this. If you are the type of person to make a $5 sports bet each weekend, you may be required to deposit $10 to do so. In this case keeping funds in your account would be the best option.
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What you need to know about payment delays
Occasionally it is not just the payments team who get involved with withdrawals. If a player is lucky enough to get a big jackpot win on a slot or has a lucky streak on a live blackjack table the withdrawals team will ask the casino product team to authorize the payment first.
This involves contacting the game provider to verify that the Random Number Generator (RNG) was functioning correctly on the slot, or in the case of a live blackjack game, that no manipulation was happening by the dealer involved.
These delays typically take 24 to 48 hours to be investigated and only occur when large wins are involved (typically $1500 or above) and are more likely to happen with new players than established players who have a history at the casino.
You may also find in the case of a progressive jackpot win, that the payout comes from the gameplay provider themselves rather than the casino, in which case you may be waiting several weeks for your online casino payout and may be required to provide bank details for a direct wire transfer.
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Conclusion
Nobody likes waiting for money owed to them. There are several online casino payment methods, each with their own advantages and disadvantages. It is up to you to decide what factors are important. Do you prefer an online casino with fast payouts, more secure payments, or ones with less fees involved?
If you are unsure what is right for you, you can always contact the customer service team of the casino and request details of the payment speeds and fees involved, so you can make an informed choice.
Online casino payment methods FAQ
π Why is my online casino quick to take my money but slow to payout?
Modern online casino players understand the importance of finding a casino that processes your online casino payout quickly. All online casinos have different online casino payment methods and their withdrawal times vary depending on the systems they use. If you visit Betastic you can find a full guide naming all new U.S. online casinos with how fast they are at processing payments.
Finding a good casino for you will ensure you donβt have any disruptions to your fun casino gameplay.
π Can I deposit safely at an online casino?
Betastic understands that how your money is kept safe is important for online casino players in the United States. Here at Betastic we have a full list of the best online casinos and which jurisdiction they are regulated in, so you can find out easily who ensures that your money is safe. Before you play at an online casino, make sure to read Betasticβs guides on who are the best casinos in the U.S.
π² How do I join an online casino?
Most online casinos make it quick and easy to join so you can start playing with them. Your first step should be to check Betastic for all the best online casinos in the United States and find an offer that is right for you including some with free spins . A generous first deposit offer makes all the difference when playing at your favorite online casino sites.
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