Most used payment methods to apply for online casino bonuses

Casino bonuses – perhaps the most beloved feature to be found on online gambling sites. Whether it’s free spins, extra cash, or a deposit match, any freebie is a welcome break from the constant spending. Although all users will be eligible for at least some type of bonus, there are exclusive offers that require special conditions to be met. In some instances, players can only claim a promo if they use a specified payment method..

Luckily, for every payment method out there, there’s a gambling site that supports it. This is especially the case with the more popular ones. It’s possible to claim an online casino bonus with Paysafecard and get loads of playtime without even registering your regular credit or debit cards. So, anyone who has a banking option they prefer should be able to find the operator that gives out freebies for using that payment method.

The role of payment methods in online casinos
There’s a lot of talk about different payment methods in the online gambling community. If you’re new to the hobby, you might be at a loss as to what all the fuss is about. In short, these different payment methods make gambling more accessible, and safe. Bear in mind that each operator has a minimum deposit policy, and you’ll need to add at least that amount of money in order to start playing.

Withdrawals are another thing. Choosing the right method can mean the difference between an instant cashout or a two-week wait. Depending on your chosen payment method, a casino may choose to award you with a bonus.

Overview of popular payment methods
If you are gambling online in Canada, you can expect operators to support the some or all of the following payment methods:

Bank Transfers

Exclusive bonuses tied to payment methods
Although banking options aim to improve accessibility, some of them make it easier for operators to process payments. They are faster, safer, and unburdened by red-tape. Therefore they can lead to a more enjoyable user experience. To that end, the operator might have exclusive promos that incentivize players to use those specific options. Here are the standard types:

Deposit match. A common type of bonus where a casino will offer a percentage of your deposit amount. For example, a 10% match for using a specific e-wallet.
Fixed bonus. You get a fixed amount of cash added to your account when you deposit using a particular method.
Free spins. Another super common bonus type, which you can use on specific slots.
Cashback offers. The casino gives back a percentage of your losses or deposits if you use a specific method of payment.

Advantages of credit/debit cards
This is a widely accepted payment method that you’ll find in pretty much every online casino. Chances are you already have an active bank account and a Visa/MasterCard card, so there’s no need for you to go through a complicated activation process.

The transactions are fairly quick, more so for deposits than withdrawals. Paying with credit/debit cards is a simple, straightforward process, and above all, highly safe and secure. What’s more, if there’s an issue with the transaction, you can request a chargeback at some casinos. This is an extra layer of protection that credit/debit cards offer.

Considering that this is by far the most popular transaction option, there’s usually no need for a casino to incentivize its players to use it. In fact, many sites use bonuses to get players to experiment with methods other than credit/debit cards.

Seamless transactions with e-wallets
A close second to credit and debit cards, brought by the advent of technology, are e-wallets. These digital services are analogous to standard bank accounts in many ways, but superior in terms of sheer transaction speed and convenience.

Most of these digital wallets have their own mobile apps, which you can use to make payments, track your transactions, and more. They’re designed to offer a seamless experience, using state-of-the-art tech. It’s hard to say which e-wallet is the undisputable best since they keep overtaking one another as technology progresses.

Depending on the casino, you might get a handy bonus for using one of these digital wallets. For instance, a US-casino has teamed up with Skrill, a popular payment method. It gives SC20 (Sweep Coins) to all those who buy $20 worth of Gold Coins using the Skrill payment method. Unlike regular online casinos, social casinos give out virtual currency to use on various games. It’s to highlight the fun, non-financially motivated aspect of gambling. This bonus is specifically designed for users who have never used Skrill before, and it can only be redeemed once per player.

Bank transfers: Secure and steady
If you don’t feel like experimenting with all the new confusing tech, you might opt for the good old bank transfer. This method offers a high level of security for the casino. They can verify your identity easier, and ensure they are compliant with internal and external AML and regulatory policies. The potential downside of this method is its reduced speed compared to some of the more modern options.

Since it’s not as popular as credit/debit cards and digital wallets, casinos may pair this method with a promotional offer, such as a cash bonus or free spins. These offers can take the shape of codes, such as the grand mondial bonus codes, which you can enter when making a deposit in order to claim the prize.

Cryptocurrency in online casinos
Crypto casinos seem to be on the rise. More and more wagerers see the benefits of blockchain tech, preferring its decentralized and anonymous nature. The transactions go through incredibly fast and it’s also one of the safest methods you can possibly use, thanks to blockchain tech.

Furthermore, due to the lack of any third-party involvement, cryptocurrencies are a great way to circumvent any country-based restrictions, since there’s no need for a local bank. This makes them a top pick for players who gamble on offshore sites. These offshore sites will commonly give a bigger match on deposit if someone uses cryptocurrency. This makes both their and players’ lives easier since cross-border payouts through legacy banking are a hassle.

All in all, it pays to be well-informed on the latest trends in the gambling industry. Choose a method that’s suited to your needs, try to experiment, and you might boost your winnings along the way.

The article Most used payment methods to apply for online casino bonuses first appeared in TravelDailyNews International.

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