Taking a look at your options when it comes to online casinos can frankly be overwhelming. Not only are there so many casinos to choose from, so many games to play, so many different bonuses and deals – but so many different banking options too. When you’re faced with a list of payment providers as long as your arm it can be overwhelming to try and pick one. That’s why we decided it was a good idea to take everyone through it step by step, in weighing up your different banking options.
Then, after you feel confident with your newly gained knowledge of what each option has to offer, your next step is to check out AussieCodes and read all about their take on different payment methods.
Check Out the Banking Options at The Casino
Most online casinos will have more than one banking option for their customers to choose from. Casinos may have regionalized choices, such as WePay or Stripe in the US or WePay, or PayID in Australia.
There are also ever-present operators such as Visa and Mastercard for debit and credit card options. Other casinos have readily adopted crypto banking options and may take Bitcoin, Ethereum, Tether, or other stablecoins and altcoins.
Count Your Existing Banking Choices
After you’ve taken a look at the casino’s banking options, you can consider what you already have available to you. Unless you want to jump through multiple hoops and wait a while, you will want to align an existing banking option you already have with what is available at the casino. Don’t make things harder for yourself unless it’s necessary!
Compare The Matching Banking Options
Now that you have your matching banking options at a casino, you can start the process of comparing them to find out which one is best. If you like, you can draw up a table with your banking option on the left, followed by a column of its pros and then a column of its cons. Give yourself enough room to write down several pros and cons for each method.
Consider Any Fees
Some banking options will come with an attached or inbuilt fee each time you transfer. This can quickly add up if you make several transactions. Look for banking options that will result in very minimal fees, or, preferably, no fees at all! You might also think about minimizing the amount of transactions you’ll make to minimize fees if they are a flat rate. If you like to make larger deposits, you will be more affected by a percentage-wise fee on top of transactions, which could go towards something more important!
Consider Transfer Times
While transfer times have decreased over time across all banking options, you might find that some banking options are considerably slower than others. For some payment systems, there is also a delay on first-time payments to a new payee, so remember to keep this in mind. This is a known concern when using systems like PayID.
Consider Banking-dependent Bonuses
Some casinos will offer bonuses when you choose to use a particular banking method. For instance, you might come across a match deal if you are depositing your funds in crypto.
Usually, you can stack these banking bonuses with other bonuses, to get even more out of your play. Give a lot of weight to the banking-dependent bonus – so long as the terms and conditions are viable. Examine whether it’ll be possible for you to make good on the terms of the bonus, including whether you can meet the wagering requirement (the cash value of the play-through needed to cash out).
Consider Where You’d Prefer to Cash Out
Typically, when you deposit into a casino via your preferred banking method, you’ll also need to use this exact method again when you cash out after a win. This particular nuance can take new customers by surprise. Particularly if you are engaging in crypto gambling, price fluctuations can mean that you might wind up cashing out far less in real-money terms than you expected.
Pick Your Leading Choice and See How It Goes!
The only way that you will truly know if a banking choice will work for you is to give it a go and see how it all works out! If you do end up having some hiccups along the way, it’s not a big problem. You can feel safe in the knowledge that you can switch banking methods or casinos in the future. While you may have put some money down now, simply play it out and hope that you get a great win – and no more issues next time.
