There are plenty of banking options that players have when they head to online gambling sites. Here are the most popular:
Are you wondering how to deposit and fund an online gambling account in the United States?
Our guide covers all the ways to put money into an online gambling account, possible deposit problems you might encounter at gambling sites, and tips for resolving deposit issues quickly.
Hopefully, after you gamble online for a while, you’ll have some winnings to cash out. This part of our guide will teach you what you need to know about getting your winnings back to your bank account, where they belong.
Gambling-friendly countries like the United Kingdom make it very easy for players to withdraw their winnings, as e-wallet services like PayPal and Neteller are available to their residents. As a result, cashing out is safe, quick and generally painless – once your e-wallet account has been verified, you won’t be forced to wait for weeks before your money arrives.
Consequently, most sites won’t bother sending you a check by courier (though it is an option at some venues), however, if you want you can usually request a traditional bank wire transfer or even a Western Union or Moneygram® cash transfer if you used one of those services when making a deposit.
The United States is a special case, as the country has very strict gambling regulations which differ from state to state, but despite that has a massive gambling market. As a result, American gamblers have limited choice in terms of available withdrawal options, especially since e-wallet transactions aren’t available for them. As a result, the most common cash out method is to receive a check via courier, which usually takes up to ten business days to deliver.
Another popular option is a Western Union or Moneygram® cash transfer, but keep in mind that this becomes available only if you made a deposit using the same channel. Bank wire transfers are also available through many sites and some specific casinos and poker rooms might even allow you to withdraw using a debit card – in that case, the money usually takes about five business days to arrive.
Our top-rated casinos listed at the top of this page typically accept most of the following banking options: credit or debit cards, Bitcoin and other cryptocurrencies, e-wallets like Paysafecard, prepaid cards, and cash transfers.
Some online casinos that offer Bitcoin cash outs can have your winnings back to you in as fast as 15 minutes with most BTC withdrawal requests processed the same day. Other cash out options are typically processed in 48-72 hours with check by courier requests taking more than a week to arrive.
While all of our recommended online casinos, poker rooms and sportsbooks prioritize your personal and financial safety, the safest banking method when making a first deposit and/or cashing out is some form of cryptocurrency like Bitcoin and then an e-wallet like Paypal or Paysafecard. These options offer high-levels of encryption that keep you safe from would-be bad actors.
When considering an online casino that doesn’t offer your preferred banking method, be sure to contact the site’s customer support team first to see what options you have before moving on to another gambling site. Chances are the customer support team will be able to work with you to find a banking method that is approved by the operator in your state or region.
This depends on where in the world you live. Regional and state laws dictate how online casino banking methods work, which are accepted and which are not allowed. You should follow the laws of your local jurisdiction. As laws change frequently, be sure to contact your online casino’s customer support team for clarity and/or consult a legal professional if you have any questions about the legality of online gambling in your area.