Special Report: Top Online Casino Payment Methods for 2015Published February 21, 2015 by Amir G
Credit cards or e-wallets? Online Casino Reports checks which online casino payment methods are the most popular with players in 2015 and how does their popularity diverge between different countries.
One of the main concerns for online casino players is the funding of their bankroll - looking for the best and most safe ways to deposit and withdraw credits from their accounts. Some online casinos let their players choose between dozens of different payment methods, and while abundance is always blessed, this can sometimes lead to confusion.
In order to make some order in the mess, this article takes a look at the online casino payment methods which are thought to be the most popular nowadays, trying to explain their popularity. The article also looks at the divergence between the methods' popularity in four major countries. We thank Crazy Vegas Casino and Golden Riviera Casino for providing us with the info used to write this article.
Most Popular Payment Methods: Visa, Mastercard
The info we have shows that the majority of online casino players prefer to use their credit and debit cards: Visa, Mastercard, Visa Electron + Maestro and Entropay reign atop the list of the most popular payment methods. Web wallet follow only from the fifth place, with Citadel Direct, EcoCard, InstaDebit, Skrill, Neteller and UseMyBank.
Credit Cards – Swiftness, Tradition and Fees
Why are credit cards so popular? The easy answer that comes to mind is simply tradition. This can be attributed to the relative ease that people find in using their day-to-day credit cards for their online casino ventures too, instead of signing up, identifying themselves and going through the whole process with an online payment solution like an e-wallet.
Aside from being at the ready for immediate usage, credit cards possess another advantage which has to do with fees: these are usually low and at some places they do not exist at all. As we've seen in the charts, Visa enjoys its long and high standing as the world's premier credit cards, and there are online casinos and other online betting sites which offer special privileges for those using the card.
E-wallet Advantages – More Privacy, Longer Cashouts
The popularity of e-wallets has seen a notable surge in the last few years, as mobiles and digitized payments grew. Alongside credit cards, e-wallets are the second most common payment methods used at online casinos.
A strong drawing point for e-wallets is the privacy that they offer players. Serving as an intermediary, players' banking information is kept private and not shared with online casinos during the transactions. While sharing that info with licensed and regulated online casinos shouldn't ever be hazardous, e-wallets cater to the players who prefer to not share that info.
But it is not only privacy that draws players to e-wallets. Some online casinos reward those who deposit using popular e-wallets such as Skrill and Neteller. Usually e-wallet deposits are processed instantly, but it is the withdrawing process where credit cards have the edge, as online casinos can take up to a few days to process and authorize a withdrawal processed with an e-wallet.
Top Payment Methods by Country
The info received from Crazy Vegas and Golden Riviera casinos gives us an interesting picture showing the differences and the likenesses with online casino deposit and withdrawal methods in four major countries. Visa and Mastercard are the top rated payment methods in Australia, Germany and Canada, while the Netherlands sticks to e-wallets Neteller and Moneybookers as credit cards are less popular with the Dutch.
To sum it up, for 2015 we can say that credit cards and trusted e-wallets are the most popular and safest online casino payment methods, with credit cards having the slight edge. Both payment methods have their advantages and disadvantages for some players, but at the end these are the methods the general population of players want to use in an online casino.