Best Banking Options for Online Casinos

A Guide to Best Payout Option for Online Casinos

Casinos offer many different methods of payout to their customers. There may be a big list of options available to customers to choose from, but you'll find how you can make the best pick from the many available in this blog. Each casino endeavors to offer the best quality and the most reliable banking option to its players. They ensure users that they can choose from a variety of options that will best suit their needs. To find out more about the different payout options, continue reading.

Best Casino Banking Options

Let's introduce you to the first category of payout; direct payment methods. This section subsumes easy and straightforward options that players can utilize. Additionally, the direct payment methods are safe and reliable to use because it does not involve any third parties or other interruptions. Here are some popular options in this category you can choose from:

Debit Cards: Maestro, Visa Electron
Credit Cards: Visa, MasterCard, American Express
Direct Bank Transfers
Bitcoin

Alternate Payment Methods

Alternate Payment Methods, commonly known as APMs, is a payment method that supports fast, reliable, and straightforward free online transactions. When you use APM, you don't necessarily have to share your credit card information or bank details with the casino. To use APM, you only need to have some amount in your bank account, which will be utilized to top up your APM and top up your account using any one of the casino's deposit options.

These include:

E-wallets: Skrill, PayU, iDeal, Neteller
Prepaid Vouchers: Neosurf, Paysafecard, Multibanco
Instant Bank Transfers: POLi, Klarna, Euteller, Trustly

Pay by Phone Deposit Method

As the name suggests, pay by phone charges online transactions to your phone, instead of making your payment there followed by the more traditional payment method, such as the credit/debit cards or prepaid cards. Apart from being simple and secure, this method is also fast and safe. At CoolCat, the pay by phone option is quite efficient. However, players cannot use it as a cash-out method.

Remember, the deposit and withdrawal options depend on the availability of the payment method in your country.

Payout Times at Casinos

Withdrawals at casinos are subjected to a waiting period of 1 day. The verification team takes this time to review all your documents and winnings. Once your payment is processed, it will show the complete status, and you will receive your cash within 12 hours to 5 business days, depending on the cash-out option you've chosen. Expert players prefer Neteller and Bitcoin as they are the fastest options. You'd be surprised to know that BTC takes less than 5 hours to process your withdrawal request, while Neteller may take up to 10 to 12 hours. Wire transfer and check take up to 5 business days.

Are These Payout Methods Safe and Secure?

The security teams at some of the best land-based casinos use approximately 20 dispatch codes, so you can imagine the number of codes and measures that an online casino will take to ensure the safety of its users' funds. They utilize high-quality and expensive security features to ensure their players have a smooth and secure transaction process without worrying about risking their financial and personal data.

For example, to guarantee that players are within the region where the casino can offer services, every new user must complete the verification process. This includes submitting utility bills that date back to the last six months from the time of verification. Make sure to provide accurate information if you wish to receive your funds without any hassle.