Technological advances have helped to create new banking solutions. The best casinos now offer a large selection of very affordable payment methods. We live in an age where players can safely choose the best banking option and the one that best suits their needs.
Direct bank transfers are safe and secure. As in the past, they are now the most accepted form of payment. Funds are transferred directly from the player’s bank accounts to their wallet at the online casino of their choice.
Visa / Mastercard
Credit cards, such as Visa and Mastercard, are also a fast and secure option available at online casinos. Using a credit card is express and reliable. Players enter their card details in the payment section and select the amount they would like to deposit into their accounts.
Cryptocurrencies are a hot topic at the moment and almost all online casinos allow players to use bitcoin as payment. Cryptocurrencies are some of the safest payments you can choose.
There is no denying that the hugely popular Paypal is very easy to use. Paypal is a secure online wallet that offers safe transactions to those using its services.
Almost all online casinos use Neteller. It is a fast, reliable and secure service. This payment option can be used in over 150 countries worldwide.
There are many other popular payment methods. If you have any questions about payments, we always recommend that you contact the customer support at the casino you plan to use.
When it comes to playing at any online casino, players need to make sure that the company is fully licensed. If the online casino is legitimate, it will have no problem providing players with information about this. Be careful not to fall victim to a casino that operates despite being unlicensed. Most of the operators will display all their licenses at the very bottom of the page and this information should be easy to spot. However, if you don’t see anything like this, you can contact the customer service team for more information on this.
In order for an online casino to be licensed, it must pay an application and license fee. The fees can be up to $100,000. Each country, especially the US, has separate regulations for casino operations. Obtaining a licence or maintaining a casino is not cheap. All responsible and safe casinos follow all local laws, jurisdictions and licenses to protect customers. Below is a list of the countries that most commonly license gambling entities:
Probably one of the most well-known licensing areas is Gibraltar. It requires a high-level business plan, as well as proof from casinos that they are really able to pay players. Gibraltar licenses many online casinos around the world. All companies go through rigorous tests and audits. They take security and fair play very seriously there.
Malta Gaming Authority is also known as MGA. This is the body that controls all things related to gambling in Malta. The MGA controls both land-based casinos and online gambling companies. The country keeps taxes low to encourage new operators to apply for a license. The Malta Gaming Authority also provides licenses for online casinos around the world. Their main aim is to protect players (especially minors), ensure safe gaming conditions and fair play.
Kahnawake is a licensing company based in Canada. Kahnawake, has been in operation since 1996. All casinos applying for a licence are required to pay a fee of $40,000 for the first licence and this must be renewed annually at an additional cost of $10,000. A software inspection fee is also added to this amount. The cost is $15,000 and the inspection ensures that all games are trustworthy and that the casino operates honestly and to the highest standard.
The Curacao licensing agency also specialises in remote licensing. All gambling companies that state on their website that they have such a license undergo rigorous and frequent audits and tests. The agency’s location allows for low taxes.