Playing online slots is something that has never been easier or more secure. Gone are the days or trekking miles to your nearest casino or even those days where online gambling sites were less than reputable. These days online casinos are a multibillion dollar industry and leading the way at all of these virtual casinos is the humble slot machine. Just like in their brick-and-mortar counterparts.
With this sort of success comes high levels of scrutiny so any remotely reputable online casino uses numerous methods to protect your money and your personal details. One of the key ways they do so is by offering a wide variety of secure payment options for customers to make use of.
When it comes to getting paid, as a general rule, you will get your winnings through the same method you use for payment – though some casinos may allow you to use a different method for payouts.
Deposit and Payout Options
Some of the many methods available at the better online casinos include:
- Credit, debit, and cheque cards:
- American Express
- Bank Transfer
- Wire Transfer
Which to Use?
So, with this many options available, which one should you use?
Well, it depends.
First, it’s worth noting that sometimes the choice isn’t up to you. In particular, where you live often limits the payment methods you can use. You may, for example, not be able to do a direct wire transfer to an online casino in a different country. You may also not have access to all the different e-wallet services so while PayPal may be available in your country, something like EcoCard may not be. Finally, because the legality of online gambling varies from place to place, some states and countries may not allow you to use your credit or debit card for online gambling purposes.
Putting that aside, which of the options available are your best bet for receiving payouts from online slots?
Ranked from best to worst:
- e-Wallets. These are the safest payment methods by a mile. Even if you stumble on a less reputable online casino, you will have a solid firewall between your private bank accounts and the casino. They’re easy to use and secure, but they may be more expensive to withdraw from than other methods – and sometimes slower too
- Credit/ Debit Cards. If you’re going to give your credit card details to an online casino, make sure that the casino is a reputable one and that they use some sort of decryption for all credit card transactions. This is easy enough, though, and the big benefit of using a bank card is that it is the quickest, most direct and usually cheapest method to receive your winnings into.
- Crypto. Cryptocurrencies like Bitcoin were basically made for online transactions, but the big drawback here is that cryptocurrencies are unregulated and can be extremely volatile. Not all casinos will accept them and you really have to know what you’re doing if you want to invest in and use crypto, in general.
Bank Transfers. Arguably the least secure and definitely the priciest and slowest way to receive your winnings through. Bank transfers should only be used if it’s the only viable option available to you.