Deposit methods vary between online casinos. All methods are listed for each casino so that you can see how to add money to your online casino account and start to gamble. Usually online casinos have more deposit methods than withdrawal methods. Make sure you check out the time it takes for funds deposited to be added to your account.
With the way that modern technology is changing the landscape for making money transactions, online casinos have to be receptive to this. Many of them are now accepting different forms of cryptocurrency, which is also changing at a rapid pace. Now, many are using Ethereum, which is done via a currency contract. It is undoubtedly a relatively new concept but has gained acceptance for online payments, because it tends to have more benefits for users, including the online casinos, as well as the players who want to play for money. It is also becoming more popular, so more casinos are beginning to accept it.
WeChat is a Chinese messaging, mobile payment, and social media app owned by Tencent, a giant Chinese technology company. The We Chat app boasts of over 1.1 billion active monthly users, according to recent data, falling slightly below WhatsApp and Facebook in the messaging category. WeChat started as a messaging app, but it has been transformed to provide users with a wide range of solutions, including social networking, official accounts, and making payments from small vendors such as grocery stores to prominent vendors such as betting casinos and supermarkets through the app or We Chat desktop version.
Paypal is one of the giants in online money transfer business and became the first known worldwide brand connected to the development of the internet evolution. Paypal was founded in December 1998 by 5 founders. Today two or at least one of them are also known worldwide, Peter Thiel and Elon Musk. Musk who later founded Tesla. Initially Paypal was offering security software for handheld devices but then the year after it was founded started to offer a money transfer service.
Mastercard is probably the second most famous credit card company in the world after VISA. Its history started in 1966 when a group of banks, mainly cailfornian banks, created the interbank card association. In 1979 it changed its name to what it is today, Mastercard. It is today traded on the New York Stock Exchange.
In simple words, Skrill is an online payment gateway that works like an e-wallet service to transfer funds internationally or domestically. It is said to be the nearest competitor of the other popular online payment gateway ‘PayPal.’ You can easily manage your funds with Skrill, as it renders safe deposits and withdrawals. The users can access and transfer their balance 24x7 globally through the Skrill app. The app is available on the Google Play Store and the Apple App Store for Android and iOS devices.
American Express is one of the most famous financial services institutions in the world. The companys most famous service or product is their card service the Amex. American Express has its root all the way back in 1850 when it was founded by Henry Wells William G. Fargo and John Warren Butterfield. Their business at the time was express mail. Its presence and business was so strong it enjoyed a monopoly position for years.
VISA is the most famous credit card in the world and the biggest except for China. VISA has 323 million cardholders. It has a 50% market share outside of China. VISA is actually not a credit card even though many say VISA card. It is a global funds transfer network and a brand that companies can get powered by. Companies like banks but also many others like airlines or grocery shops can provide VISA powered cards to their customers that can be used all over the world.
Some deposit methods have been used by online casinos for a very long time. One of these is Neteller. This is a process which consists of being able to transfer money electronically by using Neteller as the third party for the transaction. Most of the casinos will offer this because it has been one of the deposit methods for casinos for many years. As a result, a lot of clients who have used online casinos for years opted to use Neteller as their deposit option. At one time, they were the most prominent provider for depositing at online casinos.
If you want to see the most common and used payment methods you can also take a look at our payment options section. Credit cards and debit cards usually add money to your account instantly, same for prepaid cards and e-wallets. Bank transfers and wire transfers usually take longer, sometimes very long. Find the best way for you.
According to the statistic of the most popular deposit methods for online casinos in South Africa the top three are:
The process of depositing money in an online casino is different for different online casinos. In general there are two ways that stand out.
Depositing through an e-wallet. When depositing money to an online casino by e-wallet you first create an account with an e-wallet provider. Once you have deposited money on your e-wallet you can then transfer money into your online casino account.
Depositing by card directly. Most casinos (but not all) have agreements with credit and debit card providers like Visa, Mastercard, American Express, Diners and Maestro. If they do the casino will have the ability to process your payment directly without the extra step of going through an e-wallet as an intermediary.
For some online casinos the answer is yes, others will only accept deposits and withdrawals through e-wallet payment providers.
We are not a professional reviewer of international payment providers and e-wallets. What we do know is that Skrill, MoneyBookers and Neteller are popular ways of doing deposits to online casinos in the UK.
PayPal has agreements with online casinos in some countries but as far as we know the UK is not one of them. Please consider signing up for another e-wallet if you want to deposit money and play online casino in the UK