One of the most important factors of online gambling is the payment methods that one casino provides. It is crucial for players to be able to deposit and withdraw their money and their potential winnings safely and securely. There are many payment methods available on the market, so it is important to review them carefully. Some of them are only available for deposit, and some are only for withdrawals. Some transactions might take longer than others, depending on the chosen payment method. And as with everything else, some are more convenient than others.
Because of the high number of options, some players might find it difficult to determine which category suits them best. Do not worry anymore, we have got you covered!
We have selected some of the most popular online casino payment methods available on the Irish market, their advantages, and disadvantages. Hopefully, this guide will answer your questions and help you decide which online payment method is the best for you.
E-wallets
Over the last two decades, e-wallets have gained significant popularity as a payment method. They are powered by software that provides a high level of security and keeps the player’s personal information safe. Additionally, e-wallets employ advanced encryption techniques during fund transfers for heightened security.
Essentially, e-wallets function as electronic money systems easily accessible through desktop computers or smartphones. Think of them as virtual debit or credit cards connecting to the original banking service via a third party. While e-wallets are recognised for their security and widespread acceptance in Irish casinos, they do have the drawback of slightly slower withdrawals compared to other payment methods.
An example of a popular e-wallet is Skrill. Skrill was deputed in 2001 and since then it has been known as one of the most secure e-wallets accepted in Irish online casinos.
Other popular e-wallets are PayPal, MuchBetter and Neteller.
Debit Cards and Bank Transfer
Debit cards and bank transfers stand as fundamental payment methods in online casinos. Widely embraced, they typically involve minimal or no fees and are compatible with various casino promotions. Notable examples of debit cards are VISA and Mastercard, which are available across almost every online casino.
Despite their widespread use, there are also some disadvantages associated with these methods. Some of them are potential withdrawal delays and the absence of anonymity, which can be significant considerations for certain gamblers.
Cryptocurrencies
One of the latest additions to the payment methods landscape is cryptocurrency. Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, are becoming more and more common and finding their way into various sectors. Crypto stands out in the online gambling world because it is known as one of the most secure and fast payment methods. Additionally, crypto transactions do not have fees. Cryptocurrencies do not have dedicated accounts but require a crypto digital wallet for storage.
Some of the disadvantages include limited acceptance and their fluctuating value, making them less widely adopted as a primary payment method in many casinos.
Prepaid Payment Options
Prepaid cards and vouchers are very similar to debit cards with only one main difference – the amount of funds in the prepaid card or the voucher acts as a limit.
Their main advantage is that they are not connected to a bank account which means that it has the highest degree of protection if you use it for deposits. The transactions are also fast and provide anonymity to the player. Prepaid cards and vouchers, however, can not be used for withdrawals and may have fees.
Some of the more popular prepaid cards include Paysafecard, EntroPay and CashtoCode.
Alternative Payment Methods
You might be surprised to see that we have included Apple Pay and Google Pay in this part of the review. Yes, these two payment options are digital wallets, but they function a little differently.
The main difference is that you can add multiple cards and even cards that are from other e-wallets. For example, Revolut is also an e-wallet, but you can add your Revolut card to your Apple Pay and use it as your primary payment method when playing online casinos.
These alternative methods are widely accepted so you will rarely see a casino not offering them. They are also secure and have several methods for identification.
Best Online Casinos for Each Payment Method
We have come to the point of highlighting the top gambling sites in Ireland concerning online casino banking methods. The team of experts at Irish Online Casino has meticulously researched and rated licensed casinos based on various criteria. It’s crucial to emphasise that reliable and approved methods are just one aspect of the evaluation. Other vital considerations include deposit conditions for different methods and the possibility of withdrawals when the nature of a method allows.
The withdrawal time is another critical aspect addressed by these casinos. Once a withdrawal request is made, it undergoes verification by the casino, with the processing time specified in the withdrawal policy section of the Terms and Conditions page. Upon approval, the duration for the money to reach your bank account varies based on the chosen withdrawal method.
Irishonlinecasino.ie has curated a selection of top options, including 888casino, LeoVegas, Mr Green Casino, and Spin Casino. These fully licensed platforms offer a diverse range of payment options, including VISA, MasterCard, popular e-wallets, and bank transfers. Each recommended casino features a dedicated payment methods page, clarifying which options are for deposits only and which cater to both deposits and withdrawals.
To be more specific, 888casino is rated the best for mobile banking, Mr Green is rated best for card payments, CyberBet is rated best for cryptocurrencies and Palm Slots is rated best for e-wallets.
Disclaimer: Gambling involves an element of financial risk and may be addictive. Please play responsibly and at your own risk. This post contains material that may not be legal in your country. Please play subject to applicable law.
