When playing at online casinos you can choose from several providers for sending and receiving money, but what are the best digital wallets that can get your winnings to you fast?
For casino deposits, the transfer of funds is instant for pretty much all payment providers. However, when it comes to withdrawals the choice of payment provider can directly affect the withdrawal time frame.
For instance, if you use Bank Transfer or Credit/Debit cards for withdrawals, it will take considerably longer for the funds to arrive.
However, several alternatives are in place, one of which is e-wallets. The reason for this simply because the transfer of funds among e-wallet accounts is instant.
E-wallets are the most convenient option for online casino players. An e-wallet is a digital wallet you can fund via various sources, such as your credit or debit card. It acts as an intermediary between your bank account and the casino.
You can also safely withdraw funds from an online casino to your e-wallet, and then withdraw your cash directly from the e-wallet or to your credit card/bank account.
So let’s see what are the 5 best digital wallets for making casino withdrawals.
Neteller is one of the most popular digital wallets for making money transactions at online casinos. They were founded in 1999 and are part of the Paysafe group, along with several other prominent brands. They are available in over 180 countries and are very easy to use.
Once you create a Neteller account you will need to verify it by using their onsite application. You will need to take pictures of your ID card, as well as go through a facial recognition step.
This is to ensure that the account is not abused by another person using false data. You can deposit funds to your Neteller account by using Credit/Debit cards, Bank Transfer, Bitcoin and Skrill.
In order to make a withdrawal from an online casino to your Neteller e-wallet, all you need to do is enter the amount and your registered Neteller address. Once the funds are processed they will instantly arrive on your account.
Skrill is an established player in the digital wallets space. It was founded in 2001 and was originally based in London, UK.
When they first appeared on the market they were called MoneyBookers. From the start, they were focused on providing services for online bookmakers. But the company continued to grow over the years and soon enough Skrill was incorporated at pretty much all online casinos.
For a long time, they were the biggest competitor to Neteller and the Paysafe group. So in 2015 Skrill was bought by the Paysafe Group and today operates from their ranks.
Creating a Skrill account is very easy. Once you enter your personal details you will need to upload pics of your ID card or you can use their mobile app.
You will also need to pass face recognition in order to prove that the account truly belongs to you. After that, you can fund your account with one of the many payment methods and you can use Skrill for instant withdrawals from online casinos.
To this day, PayPal remains one of the most popular e-wallets in the world thanks to the popularity of eBay, as well as the ease of use by the wallet itself.
The company was founded in 1998 under the name Confinity. It was acquired in 2000 by X.com, owned by Elon Musk. It was renamed to PayPal in 2001 and continued to grow in popularity ever since.
But, even though the company is widely popular it’s not very easy to find a large number of PayPal casinos. This has to do with the terms which PayPal imposes, as well as the fact that it’s banned or can be partially used in a large number of countries.
But at those casinos which do accept PayPayl, payments are very easy to handle. Just enter the amount you want to withdraw, as well as your PayPal email address.
Ecopayz was founded back in the year 2000 and is today available in 159 countries, with over 45 currencies on offer in its digital wallets.
They have an interesting service for depositing funds at online casinos. Ecopayz users can create a virtual EcoCard which they can use to make deposits.
The card is linked directly to your account, so you won’t need to reveal your email and password in order to make deposits.
To make casino withdrawals to Ecopayz you will need to choose the amount you want to withdraw and you will need to enter your registered email address.
This way once the casino sends the funds to your account it will only take a few minutes for them to arrive, making it virtually an instant payment method.
You can also apply for their Master Card Eco Card and cash out funds directly on the ATM.
Crypto Digital Wallets
With the rise of Cryptocurrencies in the world we also saw a rise of online casinos which accept Bitcoin or other currencies for playing.
Today there are a lot of crypto wallets which you can use and they all work pretty much the same way.
When you make a withdrawal from an online casino using some cryptocurrency all you need to do is enter your wallet address and the amount you want to deposit.
Usually, withdrawals to these wallets are processed immediately as it takes a very short time for the transaction to be confirmed on the network.