Best Payment Methods for Gambling

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Online gambling is one of the best stimulants to the evolution of online payment options. Now gamers across the world have access to countless options that allow easy, fast, and secure transactions. But which options are the best for you? An analysis of the top available options in functionality and number of users leaves three best payment methods that you can use:

  • Pay N Play
  • Skrill
  • Neteller

Here is a review of each of these options, including their pros and cons.

  • Pay N Play Casinos

The Pay N Play payment method took the world by storm when it was launched because of its elimination of the need for registration. Yes, that’s right, when you use this method, you don’t need to register in casinos before playing. It takes away the hustle of usernames, passwords, personal details, bank details, confirmation of address with a utility bill and many other problems gamers face at registration. All you have to do is to deposit and play; no questions asked.

Once you create your Pay N Play account on Trustly and you are set to enjoy fast and secure deposits and withdrawals. The online casino links to your BankID and allows you to deposit, play and withdraw without setting up an account.

Types of Pay N Play Casinos

There are two types of casinos that accept the Pay N Play method: pure and hybrid.

Pure Pay N Play Casinos

A player can instantly play in these online casinos with no need to register. All you need is to enter your BankID, bank and amount to transfer and you are ready to play.

Hybrid Pay N Play Casinos

On the other hand, hybrid Pay N Play casinos have the Pay N Play payment method as one of the options besides other payment methods like bank transfers, Visa, Mastercard, Neteller, Skrill and others. You will have to register normally in these casinos. You can use the Pay N Play method once you have an account set up with the casino.

Where to Play

Among the many online casinos, 888 Casino, Betfair, and King Billy are the top three Pay N Play casinos. You can have a look at the complete list of the best Pay N Play casinos 2020.

Pros

  • Removes the hassle of registration
  • Fast deposits and withdrawals
  • Very safe
  • Available on some of the best gambling platforms
  • Available on mobile
  • Minimizes the bounce rate for bookmakers while allowing KYC compliance

Cons

  • No welcome bonuses and bonus spins
  • The number of online casinos with this option is still low
  • Available in only a few countries

Neteller

If you have been doing online transactions, then you probably have come across Neteller. The payment method has been online since 1999 when it was launched in Canada, although it later moved to the Isle of Man in 2004. The owners, Optimal Payment Plc, have been successful at keeping it as one of the best eWallets over the years. It is no wonder it has the trust of most gamblers.

You will need to register with your personal details, a process that is straightforward and instantaneous. You also have to verify your account with a national ID card besides proof of address using a utility bill for you to unlock higher transaction limits.

It is a safe and secure method that you can use to deposit and withdraw money. Besides gambling, it can be used in a variety of many other eCommerce transactions.

Where is it Accepted

Most online casinos accept this payment option. Betsson, 1XBit, and Betsafe are some of the best online casinos accepting Neteller. You can have a look at this list of the best online Neteller casinos 2020.

Pros

  • Simplistic
  • Fast transactions
  • Easy deposits and withdrawals
  • Accepted by most casinos
  • Safe and secure with transactions having a 128bit encryption
  • Reliable

Cons

  • Higher transaction charges that range between 1% to 5%
  • Processing time may be slow and range from 3 to 7 working days in some cases

Skrill

The other established method when it comes to online gambling payment methods is Skrill, which was formerly referred to as Moneybookers. Optimal Payment Plc, which owns Neteller, bought Skrill in 2015 at a gigantic 1.1-billion euros. It is one of the best options that you can use when it comes to online transactions.

It has two services for you to choose from: a digital wallet and a prepaid Mastercard. Skrill allows impressive convenience in not only online gambling but also other online transactions, which is the reason for the more than 36 million users.

You have to register, link a bank to your account, and verify your account before you can transfer funds into it. After that, you are free to deposit and withdraw money from online casinos anywhere in the world. It has one of the easiest to use designs, and finding your way around it will not be much of a challenge.

An exciting feature of Skrill is the one-tap feature that allows you to do your deposits and withdrawals with one touch. It is available for users of mobile casinos where the app stores the sign-data of your Skrill, which allows you to transact with just a touch of a button.

Skrill Casinos

With more than 500 casinos accepting Skrill, you will be spoiled for choice. Some of the best are 888 casinos, Betfair and King Billy. Click here to access the Skrill casino list to find out the other best online casinos that accept this method.

Pros

  • Bank details are never shared with the online casino thus protecting you from fraudsters
  • Efficient and fast one-tap feature
  • Available in many casinos all around the world
  • High level of privacy as your casino transactions won’t show up on your bank statements
  • Easy cash management
  • Quick processing time
  • Fewer charges on transactions

Cons

  • Not all online casinos accept Skrill
  • Most skrill deposits don’t earn you bonuses on online casinos

Conclusion

The right payment method will make online gambling easy and enjoyable. It will allow you to have the money ready in your casino account at the right time and able to access your winnings when you need them most. You can opt for the magical Pay N Play method that removes the need to register at the online casino. Neteller and Skrill are the other established options offering fast, easy, and reliable transactions.