Most online casinos these days do a very good job of providing an ample selection of payment options for funding your account. Having different choices not only helps to make things as convenient as possible for everyone, choice breeds and feeds competition between payment processors, too.
In most cases, when you want to deposit or withdraw from your online casino account, you probably have at least two or three choices of processing methods that will work for you—sometimes more. If you’re like most people, you probably choose the same banking option over and over out of sheer habit. We’re going to show you why you probably shouldn’t do that.
What we Usually Do
Most people will continue to use the first payment method they used when they signed up with a given casino and ignore any new processing options that may have been added. This can be a huge mistake. As you’re about to find out, not all online casino banking options are created equal. If you haven’t investigated new payment options in a while, you owe it to yourself to do so. You could be enjoying more secure transfers, increased privacy, better exchange rates, faster processing, and more!
What better time to shake things up a bit and try something new than the beginning of a new year?
To help make sure that you get 2022 started right, we’ve compiled a list of the best payment methods available to online casino players. These casino banking options are easy to use, fast, and provide excellent value for players all over the world.
3 of The Best Online Casino Payment Methods For 2022
Players have made it clear that they consider the best online casino payment methods to be the ones that offer the best combination of convenience, speed, and reliability. First, people don’t want to have to jump through hoops to move their own money around. Second, when someone decides to make a deposit with an online casino, they want to be able to play right away. Nobody wants to wait hours—or worse, days—for their deposit to be credited so they can play real-money games. And finally, when someone chooses to send money using any given payment method, they expect it to work the first time, every time.
And so, with that in mind, here are the best online casino payment methods available to players in 2022 (in no particular order). If you’re already using one or more of them, good for you. If you’re not, you should most certainly take the time to investigate and see if any of them can do a better job than the method(s) you are currently using.
In the meantime, you can enjoy the best online casinos with instant withdrawals or the fastest processing in your region:
MuchBetter is a relatively new payment processor. The service was founded in 2017 and currently functions mainly as an e-wallet and payment app that allows you to load and withdraw from your account in many different ways, with a variety of currencies, including cryptocurrencies such as Bitcoin. MuchBetter is not just any e-wallet system, though.
MuchBetter allows casino players to make both deposits and withdrawals quickly and easily. The benefits of MuchBetter don’t stop there, however. This payment processor’s services will come in handy in other areas of your life as well. Few payment processors have gone as far as MuchBetter has to make their system abundantly convenient and easy to use in so many different ways.
Once you’ve loaded money into your MuchBetter account, you can go about spending or transferring it in any number of ways. From truly useful and secure to novel and unique, if there’s one thing MuchBetter gives you, it’s plenty of choices. Here’s a quick rundown of all the ways you can use MuchBetter to move, manage, and spend your money:
MuchBetter allows you to make transfers directly to other MuchBetter users and businesses. You can do it directly through the app, or on the web with security verification sent to your mobile device. Transfers will be credited and available for use instantly.
Contactless Debit Cards And Devices
MuchBetter works with MasterCard to give you the ability to withdraw from your account at cash machines or pay for anything anywhere in the offline world where MasterCard is accepted. You can request or purchase any of the following items to conduct contactless transactions almost anywhere:
- MasterCard contactless debit card.
- MasterCard contactless key fob.
- Winwatch analogue watch with embedded contactless payment functionality.
- CashCuff shirts (yes, shirts!) with contactless payment technology embedded in the cuffs.
The bottom line is that MuchBetter will do just about anything you need a payment processor to do. When it comes to online casinos specifically, it is a lightning-fast and reliable way to deposit or withdraw funds. Very few payment options provide the versatility that MuchBetter users enjoy.
In some cases, it can also act as a bridge to allow you to use payment options that a casino doesn’t otherwise support. For example, if you want to deposit with Bitcoin at a casino that doesn’t take Bitcoin but does accept MuchBetter, you can load your MuchBetter account with Bitcoin and then use MuchBetter to deposit to the casino. You can do the same thing in reverse for withdrawals, too.
Where does MuchBetter Work?
You can enjoy MuchBetter services in most countries, except in USA.
Trustly allows players all over the world to deposit and withdraw from online casino accounts directly through their own existing bank accounts. In fact, the service works without requiring the user to download an app or even sign up for an account. Best of all, there are no fees for using Trustly to make payments.
One of the biggest benefits that Trustly users enjoy in some areas is the ability to “pay and play”. Because Trustly works directly with a player’s bank account, some casinos will accept their approved payment as proof of identity. With these pay and play casinos, players can deposit and play instantly without the need to fill out forms and sign up for a casino account.
Instead, the casinos will use the information provided by Trustly to automatically create an account, accept the player’s deposit, and let them jump right into their favourite games. It couldn’t get any easier. You can literally sign up and deposit at a new casino all at once in under two minutes. All you have to do is make that first deposit with Trustly and the casino will take care of the rest and tell you everything you’ll need to sign in later and continue using your account.
Even if you’re not in an area where you can take advantage of pay and play casinos, Trustly is still incredibly fast and convenient. As we said, you don’t need to sign up for anything or download any apps. All you have to do is select Trustly as your method of deposit or withdrawal at an online casino and follow the on-screen prompts. Transfers occur directly to or from your selected bank account and are credited instantly.
Where does Trustly work?
You can take advantage of Trustly services if you are located in several European countries, including UK, but Pay N Play is exclusively enabled in the Scandinavian region.
3# Bitcoin (BTC)
Bitcoin (often referred to as BTC) is, without a doubt, the most popular and valuable cryptocurrency in the world today. Transactions conducted through Bitcoin are reliable, relatively fast, anonymous, and free from any local or international banking regulations.
The one drawback to Bitcoin is that transactions will be slower than the payment methods we’ve listed above. That disadvantage, however, is more than made up for by the sheer security and versatility that Bitcoin provides. There simply is no other payment option that will literally allow anyone, anywhere to send any amount of money wherever they want to send it.
Transactions Completed within 15 mins
Most Bitcoin transfers will be credited to an online casino account within about 15 minutes or less. The exact amount of time can vary, though. Depending on how busy the Bitcoin network is at the time you try to move your funds and how the casino verifies BTC payments, your deposits and withdrawals could be credited within anywhere from five minutes to one hour.
Send & Receive Money Everywhere, Anytime
On the positive side, the biggest benefit of using BTC is that it will allow you to do whatever you want with your money and, if you are so inclined, you can do it anonymously. Bitcoin transactions aren’t tied to any name or address and they can’t be stopped or restricted by any government’s banking regulations.
BTC as a Bridge
Bitcoin can also function as a tool for currency conversion or a bridge between other payment methods. If, for instance, you want to play at a casino that doesn’t work with your local currency but does accept BTC, you can deposit and withdraw easily and then sell your Bitcoin later for whichever fiat currency you prefer.
You might also use Bitcoin to fund one of a number of e-wallet providers (such as MuchBetter) and then either send your funds to a casino in the required currency or withdraw them from a cash machine using the e-wallet debit card.
Where does BTC Work?
You can use cryptocurrencies for gambling in most countries in the world, but where this payment method shines is in USA and Australia. There, processing gambling transactions is more complicated and withdrawals will probably take longer if you use other payment methods. BTC and other altcoins simplify the process, allowing you to receive your winnings within a couple of minutes.
Find The Best Value For You
Players in different places will have different needs when it comes to payment processors. You may be able to find everything you need in one place, or you may find that combining the features of two or more processors will do a better job of getting your money from point A to point B.
We can’t tell you which solution will work best for you, but we encourage you to investigate the three online casino payment methods we’ve listed above. All three have proven to be reliable, safe, and fast throughout 2020. We have no doubt that they will continue their reign as the best payment methods in 2022.
If you have any questions, feel free to look through our payment processor reviews and guides. They’ll tell you everything you need to know about how to use any particular processor as well as where to find casinos that accept each one.