Find out which is the top casino payment option for you and understand the importance of security when managing your money at online casino sites in Asia
It is no secret that to achieve real money wins; you have to make a real money deposit at an online casino. Easier said than done! Although online casinos tend to be very simple, straightforward, and user-friendly, players still struggle with choosing a casino payment option that is right for them. Safety and the security of the entire process are also common thoughts.
The good news is that online gaming operators these days don’t lack reliable and cost-effective payment methods that help make depositing your money a simple process. To keep you updated on casino payments, our team has created a useful guide to help you move your money to and from the online casino.
Top Payment Methods for Players in Asia
Players in Asia are already used to having a wide variety of payment methods in their everyday lives. The majority of payment providers you use on a daily basis will also be available at online casinos, and who knows, you might even get more options than you think.
The most common deposit and withdrawal options at casinos are:
- Bank Cards
- Prepaid Cards & Vouchers
- Bank Wire Transfer
- E-Wallets
- Cryptos
Let’s explore them together!
Bank Cards
Bank cards include credit cards and debit cards by operators such as Visa, Mastercard, Maestro, AmEx and others. Even though they are well-represented, they are not the most popular choice among players. These transactions are often slower but highly reliable.
Prepaid Cards & Vouchers
Prepaid cards and vouchers are provided by companies such as AstroPay and Paysafecard. One of the main highlights of this method is an increased level of privacy. It is possible to purchase a voucher or a prepaid card at a kiosk or a gas station for cash, and you never have to hand out your banking details. The main disadvantages are expiry dates and the fact most of these options don’t support withdrawals.
Bank Wire Transfer
Instant bank wire, online banking, internet banking, traditional wire transfers – call them what you want, but most players will want to avoid using a bank wire of any kind. The reason why? Bank wires of all sorts often come with long cashout times and high fees attached to them. With so many alternatives out there, many players do not reply on this kind of transfer.
E-Wallets
Immediately after the first e-wallet hit the Asian market, it became an instant success, causing a real e-wallet boom. PhonePe, PayTM, MuchBetter, ecoPayz and other providers have set new standards for the online gaming industry, allowing cheap, time-effective, safe deposits and withdrawals. Many of them offer debit cards you can use at any ATM for a small fee, so the money doesn’t even have to touch your bank account.
Cryptos
A popular alternative to casino payments is cryptocurrency. These alternative coins are becoming all the rage over Asia. Choose Bitcoin, Ethereum, Litecoin or any other to enjoy safe, secure, and discreet payments without using your credit card or bank account. If you don’t have any, you can purchase some on crypto exchanges with the fiat currencies you already own!
How to Choose The Right Casino Payment Option?
By now, you have probably figured out that not all payment methods are created the same. To help you find the best payment method, various characteristics of a payment method must be seriously considered. Here is the list of things to focus on:
- Payment limits – not all methods support the same payment limits. Look for ones that could work with your budget and your gaming style.
- Payment times – speed is everything in the world of online gaming. Try to use methods promising instant withdrawals, or at least those with 48h transfer times.
- Fees and additional costs – make gaming cost-effective and avoid fees as much as possible. They might seem irrelevant, but they can affect your winnings.
- Mobile use – in this day and age, players prefer to enjoy their games on the go, so having a payment method that can be easily used on mobiles is convenient.
Before you get excited and choose your favorite casino payment option, you should know that not all methods listed on the casino site will always be available to you. If necessary, and to avoid confusion, ask customer support to provide you with a list of methods you can use.
How to Tell If a Casino is Safe?
Ah yes, safety – a concern that all sensible casino players think about. We all want to play at safe and reliable casinos, and we are happy to say you can easily tell goodies from the baddies.
Licence
The most reliable casinos in the industry will always have a license provided by a respected authority. Look for Curaçao seals of approval, typically displayed in the footer, to make sure your new favourite operator is doing it all by the book. Better safe than sorry!
SSL Protocols
And now for the technical part. A good casino will implement protection systems that prevent corrupt third parties from using your money or data. SSL is only one type of protection, but it is also the most basic one that can be found in the majority of online casino sites. An extra bonus point goes for 2FA practices for safer login!
Payment and Bonus Policies
Yes, these documents can be boring, but if you read them, you’ll get valuable insight into your responsibilities and rights and whether the casino will treat you fairly. Look for reasonable deposit turnover requirements, manageable bonus wagering, realistic payout times, and minimum fees, or at least fees your casino balance can handle.
Next: Ultimate Guide to Understanding Casino RTP and Volatility