Live Casino Payments
Once you’ve visited a live casino website, you probably noticed there are a lot of different payment options. And if you haven’t noticed yet, you will notice after making a deposit for the first time. These options vary in different casinos and countries. Most online casinos offer multiple payment methods you can choose from.
Most of the live casinos offer standard methods like credit cards, direct debit or bank wire. But more and more casinos nowadays offer a lot of other payment options. Options that are famous in the country you live in, or options that are a newly accepted way of paying. A good example of a relatively new payment method is the use of cryptocurrencies.
On this page we will share information about the most common payment methods and the main differences. Keep in mind that all the live casinos mentioned on our website are safe, secure and fair. This also means that the payment methods you use in these casinos are 100% secure.
In general, there are 5 ways to make a money transaction:
- Credit/Debit cards
- Third party bank transfer
- Prepaid Cards & Vouchers
Each of these money transactions are legit and secure ways to deposit and withdraw at live casinos. They come with clear differences and there are a lot of available providers to use. So, we are going to help you with choosing the right one for you.
Recommended Payment Methods for Playing Live Casinos
As you know from us, we are fully dedicated to live casino gambling. We are committed to allow our readers to have the best experience possible. This extends to recommending the best payment methods for playing against a live dealer.
When it comes to the best payment methods personal preference is an important consideration. And with personal we don’t necessarily mean your needs because some players may not have access to certain methods, for example. Either way, beginners may find it hard to make a call, especially since real money betting can make newbies a bit nervous. After all, you want to be sure that your own cash is in safe hands. Below, you’ll find a list of the most popular online payment methods at live casinos.
The more common live casino payment methods have a distinct advantage, they are available at most of the online casino. However, our advice is to fit your choice of casino based on your preferred method, not the other way around. Having access to your winnings the way you prefer is incredibly important. Besides, the casinos we recommend should have no trouble accommodating your payment needs.
Looking for a live casino with a wide range of payment methods? We highly recommend playing at Betway Casino. They offer superb payment methods like Skrill, Neteller, Interac and Perfect Money among others.
Top 10 Live Casino Payment Methods
We created a list of the best payment methods for withdrawing money from the live casino.
- PaysafeCard – reliable prepaid voucher
- MuchBetter – e-wallet with instant to 48h processing time
- Bitcoin – high value cryptocurrency with 10-minute processing time
- Mastercard – very trustworthy credit/debit card
- Neteller – e-wallet without additional fee
- VISA – very trustworthy credit/debit card
- Skrill – e-wallet with instant to 48h processing time
- EcoPayz – e-wallet without additional fee
- Trustly – best possible bank transfer (up to 72h processing time)
- Paypal – popular e-wallet, highly trustworthy
At first sight, most of these payment methods may look quite similar. But when it comes to comparing different banking options, the devil is in the details. Make sure to familiarize yourself with the terms and conditions of the payment option before adopting it as your preferred one. Banking is the last place you want to find surprises when you are expecting your withdrawal.
Most of the payment methods have their own dedicated posts on our website. These posts can be a great resource to get to know the online banking services and how they relate to live casinos. If you have any questions such as how to withdraw from live casinos with these methods, that’s where can find answers.
Available payment methods
Like we said before, there are several ways to transfer money from your personal balance to your casino balance. Below we will explain these 4 methods and what you can expect from them. You can read these methods carefully and decide which meets your needs the best. All these methods are safe to use and most of the time instant payment methods. This means you get your money right away. So, you don’t need to wait for your money to be transferred to your casino account.
E-wallets are known to be one the fastest payment methods. That is why it is so popular and often used in the online gambling industry. Neteller and Skrill are probably the most used e-wallet providers among gamblers. Besides extremely fast transactions are your personal details never disclosed. Paypal is also a strong contender, but this e-wallet still isn’t available at most of the live casinos.
What is the name? E-wallets aren’t land-based. That is why the exchange of international currencies isn’t an issue. Ideal if you play at a live casino which doesn’t operate from your country. The only downside of using e-wallets is that bonuses are often excluded if players make a deposit with an e-wallet like Neteller or Skrill. So, this is something to keep in mind before making a deposit.
Full list of available e-wallets:
- Astropay Wallet
- Perfect Money
Although credit or debit cards are widely used payment methods, there are some downsides we would like to point out. The live casino could deny players to deposit and withdraw on the same card. This results in you having to choose another payment method like a bank transfer.
It can be much easier to keep track of your expenses and income if you choose the same method for both. Other than that, the withdrawal process of a credit card provider can be slow in comparison with the super-fast e-wallets. And the individual card providers could be restricted to your own country and charge fees for payments made abroad. On the positive side, you could benefit from loyalty points that are supplied by the credit card provider. And the well-known credit card companies are as safe as they could be.
Full list of available credit/debit cards:
- American Express
- Astropay Card
Without a doubt, the Bitcoin is the most famous cryptocurrency out there. There isn’t a day that goes by without Bitcoins in the news. Some people say it is the future, while others believe it is just temporarily. Who knows? We certainly don’t. But what we do know is that cryptocurrencies are massively increasing in popularity in the online gambling industry. This is not a surprise as it is a completely anonymous way of making a transaction. It is the main reason why cryptocurrencies like Bitcoin, Litecoin and Ethereum are becoming popular among live casino players.
When it comes to joint accounts, you may want to keep your live casino dealings private. Using cryptocurrency is the way to do this. And it is also the most secure and direct way of making a transaction. Withdrawals are being transferred to your account almost immediately. Normally without transfer fees. The downside (or is it the upside?) is that cryptocurrencies are subjected to fluctuations in value. So, if you are not a frequent gambler, the value of the coin might have dropped in the mean while. This could result in you losing money without playing.
On the other hand, it could work the other way around. You might get lucky and increase your balance. This is certainly possible as the value recently increased like crazy. Again. Anyway, if you want to play it safe, we recommend using any of the other payment methods. If you love to gamble a bit more, cryptocurrencies come with serious advantages. So, we would highly recommend using it.
Full list of available cryptocurrencies:
- Bitcoin Cash
Are you looking for a trustworthy Bitcoin casino with a superb live casino section? We highly recommend playing at 20Bet Casino. This live casino offers everything we love about online gambling!
The slowest way to a money transfer. Old-school and in our opinion not the best way to make a withdrawal. The main advantage is dealing from one account, without involving any subsidiaries or other providers. That is why a lot of gamblers still use bank transfers. And if you don’t mind waiting a week for the withdrawal to be transferred to your bank account, it could be a serious option. Although we do want to point out that additional processing fees could be added. This varies from bank to bank.
Full list of available bank transfers:
- Union Pay
Main differences between payment methods
Beneath, you find the most important aspects of differences between payments methods. To prevent disappointments or even disagreements with the live casino, we advise to be fully aware of the details of a payment method before you use it.
The first important difference is the transaction speed. As an enthusiastic online gambler, you want the money transactions to transfer as fast as possible. Timescales for payment do vary between financial providers and from live casino to live casino. There are two major factors that influence the speed: the period the live casino takes to process the money and processing time of the bank or financial provider.
E-wallets, for example, only take up to 24 hours to process a transaction, while a land-based bank or credit card company takes between 2 and 5 days. This doesn’t concern the deposit time by the way. This is normally processing immediately, because the live casino wants you to start playing. Unfortunately, holidays could negatively affect the transaction period as well if you choose a bank transfer.
Possible payment fees are also something to keep in mind. Some of the payment methods incur charges for money transactions. Do will think this is fair? Hell no, but it is a fact. Just make to be fully aware of these charges. For example, if you use Credit/Debit card to make a transaction, you will pay interest to the card provider.
Some of the live casinos charge up to 2% for withdrawals as well. Most of the times this is after a few withdrawals. It is something we will discuss in our live casino reviews. And sometimes if you decide to use Trustly, Mastercard, Visa or if you are a VIP customer, they will waver these fees. We don’t think it’s reasonable for a casino to charge fees though.
Availability of payment methods
As mentioned, the availability of payment methods can vary from live casino to live casino and from country to country. So, if you have a favorite such as the widely used iDeal or rapidly rising Bitcoin, make sure to select a live casino who offers this. For example, live casinos who accept PayPal are hard to find. Especially outside of the UK.
We come across a lot of different offers, especially looking at e-payment and pre-pay formats. So, we advise to check the payment methods before creating an account at a live casino. And to use our reviews to check-out the rules for the deposits and withdrawals. If you have any doubt about using a payment, feel free to contact us. We are happy to help you with the most suitable payment method for you.
Frequently Asked Questions about Payments
What is the best payment method for live dealer casinos?
This is personal and subjective. Therefore, it is hard to call one method ‘the best’. Your question should be which payment method fits your needs the best. If we must pick a favorite anyway, it would be one of the reliable e-wallets such as Skrill or Neteller. Not only do they provide instant deposits and withdrawals, but they are also more secure than card payments.
Why was my withdrawal declined?
Sorry to hear that! There can be several reasons for this inconvenience.
- You attempt to withdraw bonus funds and didn’t complete the wagering requirement yet
- Some live casinos implement a 1-turnover policy for all. However, contacting the customer service should allow you to withdraw funds
- The live casino suspects a breach in their terms and conditions. Again, you should probably contact the customer service.
- You are attempting to withdraw via a method other than the one you used to deposit. A lot of live casinos do not allow players to withdraw in different methods.
Do I need to pay tax on my withdrawals?
In general, no you don’t have to pay tax on your winnings. Most countries do not tax gambling winnings. If you are unsure about this, we advise to look up the gambling regulations and/or tax laws in your legal jurisdiction.