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Alternate Methods of Payment For Online Casinos 
 
 
If you live in a country like the UK its easy to purchase online with your bank, debit or credit cards as well deposit money into an online casino account or bookmaker. But there are reasons why you might not want to, such as you fear security breeches from the companies database, or you might be from a country like Norway. The Norwegian government, like the US government, have instructed card companies not to deposit money in online casinos for their citizens, unless of course they are the state owned online gambling sites. This crazy enactment of law applies even when these citizens are outside of their own country.

The good news is that there are other methods readily accepted and some do not involve a bank account in any way, so no trace of the money can be made to you or your nationality. Many of the methods involve fees however and there are so many online casinos and bookmakers out there, all with different options for deposit and withdrawl, that it can be hard to use you chosen method. So click here for reviews of operators that take each particular payment.

Credit, Debit Cards

In the UK its very popular to use debit cards for deposits and around the world credit cards are most popular. These are straight forward and generally fee free. However every online financial transaction gets given a code that describes what the money was for and the type of merchant. These are known as Merchant Category Codes (MCC). The code for gambling in general is 7995 and some card processors will not allow the transaction.

There are however some relatively new additions to the codes for state-run operations. 7800 is for state-run lotteries, 7801 is for online casinos games and 7802 is for bookmakers, betting and exchanges. Licensed and regulated operators can use these as well.


e-Wallets.

There are many of these now including Paypal, Neteller, Skrill, MyCitadel and ecoPayz all using multiple currencies. These e-Wallet banking methods let you quickly and easily deposit at online casinos without having to give the casino your credit card or bank details. One thing to consider is whether the online casino allows withdrawls back to the same wallet (because some don't), so do check. Also what are the fees as most operators will charge in the region of 2%.

Beware that Paypal spent 12 years not allowing deposits for any form of gambling and only came back to the market in September 2015. Now allowing them it does not offer payment protection so you can not get your money back if you happen to use an unscrupulous site in an unregulated place that refuses to pay you.

Cryptocurrencies

As a virtual currency these only ever exist digitally and offer anonymity. Bitcoin is the most famous but there are a dozen or so challengers like Litecoin and some of these are likely to gain popularity. However we only know of online casinos accepting Bitcoins.

Bank Transfer


Most online casinos will allow you to make deposits and withdrawals via a wire transfer from your bank account. This can be a good method for large deposits or withdrawals, though there is sometimes a small fee.

Prepaid Cards/Wallets

PaySafeCard and others like PayNearMe offer complete anonymity and and a very secure way to digitise your money. Hundreds of thousands of outlets in many countries around the world allow you to buy paysafecards with which you get a 16 digit pin that allows you to purchase online or deposit in a casino. Generally these are smaller amounts up to £250 or equivalent in other currencies. They also have an App which lets you manage your account and find outlets to purchase cards or places where you can use them.

Does not work with US pins for gambling though. Also there is a fee charged if you want to refund the money back to yourself and it is time consuming and you have to supply many details to get paid. So if you use this method be prepared to keep your money in the account for a time that allows you to win well or lose all as it is not a practical way to make multiple transfers.

Cash

Bookmakers have become online casinos as well as their traditional business. The big operators like Coral, Ladbrokes, Betfred, Willliam Hills and PaddyPower all allow you to use their shops like banks. With your account ID and password you can deposit cash immediately into your account as well as withdraw money from the shop, totally free. Once its in your account it can be used for anything the operators site allows such as casino games, bingo and slots.

Mobile Apps

Zimpler is a mobile account that you can set up in seconds on a smartphone using just your phone number to which they send a verification code. It does involve adding your card details but once done you can pay for anything or deposit money in a matter of seconds with your phone. Other mobile payment systems are available and will get more popular.

 

 
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