The Best Payout Methods Nowadays?

Hey guys,

I have seen that there are many types of payment methods available in online gambling nowadays, and I was wondering which ones are the safest, most user-friendly, and have a good payout speed.

What are your experiences with certain payment methods? Which one you prefer and can you recommend it?

I would like to hear your opinions/thoughts!

Greatz, 

Jonas

Honestly, I quite like the ewallets. For example skrill or neteller. It's fast, the withdrawals are usually fast, but you don't need to provide your casino with your banking details, you don't need to send them pictures of your credit cards. It feels safer to me.

Of course, cryptocurrencies are another possibility, but you need to take into account that if you deposit and win cryptocurrencies, the currencies tend to change their value a lot so one day, your winning can worth 10k eur and a week later, after they verify your account and approve your withdrawal, in can be 8.5k eur + if you win less, let's say 100 eur and want to withdraw it, then you usually have to convert it to bitcoin and then convert the bitcoin to eur. The fees are quite high for all of the mentioned actions.

Okay, thanks! What I really want is to be able to work in a safe way. So indeed, as you said, not giving too much personal information/data towards your bank (like pictures of credit cards, e.g.). 

Then Neteller or Skrill seems the best option. These are also supported by most online casinos I assume?

Yes, many casinos support them. Even PayPal, but it's not so common payment method in casinos.

Okay, thanks for the suggestion!

Does anyone have experience using PayPal for online casinos? I am particularly interested in the deposits and the speed of the withdrawals. In another article, I saw that PayPal withdrawals are immediately credited to your bank account. Is this correct?

It depends on the casino. They won't be instant when you register there as a new player, but once it's verified, some casinos actually approve the withdrawals automatically if you don't play with a bonus. In that case, they still usually check if you played with the bonus according to their terms and conditions.

Clear, I also heard somewhere that a major disadvantage of using PayPal is that you have to pay a transaction fee. How high are these fees in general?

Honestly, I don't know much about the PayPal fees. I use it to buy stuff online and I don't have any fees there, but they can have different policy for gambling.

Great! PayPal sounds like a good option when it depends on withdrawals en deposits. But when we take a look at Skrill, I'm curious about the ins & outs. In short, what are the best advantages and disadvantages that distinguish them from PayPal?

It believe it's all about the country where you live. In some countries, the payment providers are forbidden or their services are limited / regulated. In my opinion, the best service is always the one that has easily accessible customer service that reacts considerably quickly.

Yes, it's the same with PayPal, you can't use it everywhere. I believe even in some states of the US you cannot. In Europe, Skrill is functioning well and safely to your knowledge?

I'm not sure about Skrill. There was a thread about it right here: https://casino.guru/forum/general-gambling-discussion/skrill--gambling--money

I always thought it's a good option, but there seem to be some issues with it (at least in some countries). I mean - issues when you try to use it for gambling.

Sorry to interrupt, but I have little experience with the Skrill payment system. I am for this payment method. I consider it to be the safest. I mainly use this payment system. Deposits are credited instantly. Withdrawal within three days. There is no commission between the casino and Skrill. When withdrawing from Skrill to a card, I think the commission is a little too high. 7.5% is for gambling. I have never had any problems with Skrill crediting.

Okay, thanks for the referral!

Sounds good! Do you use it mainly as a payment method for online casinos or sports betting?

Yes. I use this payment method to play casino slots that use Real Time Gaming software. This is Grande Vegas. Golden Euro. Fair Go casino.

Thanks for sharing the experience. Honestly, I think 7.5% is really high. If you win any bigger amounts, it's not really worth it using it. Just imagine you win 10 000 eur and you pay 750 eur on fees...

Interesting! Thanks for sharing your insights!

I think so too. There is an option not to transfer money to the card. Skrill offers its card.