In addition to casino games, bonus promos and licensing, the top online casinos also have a plethora of payment methods in stock. This is a crucial detail since every player has a preferred payment provider for making deposits and withdrawals at the casinos. This is why a variety of online casino payment options is a must, to cater to the needs of all players.
In this article we have created a guide not only for the payment methods in Jumpman Slot Sites but for online casinos in general. We list the most popular payment providers you can come across at the casinos, explain the pros and cons of each one, as well as the payout time frame and potential fees for each one. Our goal is for you to get fully acquainted with each method and choose which one which best suits your needs for making monetary transactions at the casinos.
Payment Methods on MegaReelSites
Casino Payment Methods In Mega Reel Sites
When it comes to online gambling payment methods at Mega Reel slot sites players have a decent offer to choose from. In most cases the available payment methods are Visa, Master Card, Maestro, Paysafe Card, Pay by Mobile and PayPal. Players can deposit as little as £10 and there is no fee imposed on the deposit amount. The only deviation from this rule is for Pay by Mobile. With this payment method you can deposit £5, £10 or £20 per transaction, but each deposit comes with a £2,5 fee. Once the transaction is approved the funds instantly appear on your account.
When it comes to withdrawals the minimum amount is the same, set at £10. But you should be aware that all withdrawals, regardless of the online gambling payment methods you use, come with a £2,5 fee attached. So if you withdraw £50 from your account you will only receive £47.5 in real money.
If this is your first withdrawal at a Mega Reel slot site, you need to verify your account. This is done by sending in your documents like an ID, Utility Bill and a photo of the payment method used for deposits. All withdrawals remain pending on your account for up to 4 days and after that are processed to your chosen payment provider. The fastest way to get your winnings is by using PayPal, since the transfer of funds is instant. For other methods it can take 1 to 5 business days for your winnings to reach your account.
A guide to the best payment methods
In the next chapter of our article we will present and explain in detail the best payment methods for online casinos. They are based on the players’ preferences, popularity and by recommendations from our casino experts. Let’s see what they are.
Best Casino Payment Methods For Fast Transactions
These payment methods are the most popular in the industry for a number of reasons. The most important one is fast transactions. Each of these best casino payment methods provides instant transactions from one account to another, so you get your winnings instantly once they are sent by the casino.
Paypal
PayPal is a name which needs no introduction. It’s the most popular e-wallet in the world, used daily by millions of customers. Its popularity in the UK was quickly recognized by the Mega Reel slot sites, so they decided to add it in their portfolio. But PayPal is not too popular when it comes to online gambling. This is mainly due to country limitations and the fact that most players outside the UK prefer to use other e-wallets like Skrill and Neteller.
Neteller
Neteller was launched in 1999 and is owned by the Paysafe Group. This wallet was created as a competitor to Skrill and PayPal, quickly gaining popularity across the online gambling industry. The main advantage of this wallet is their Net+ virtual and physical cards. You can use these cards to make online payments, as well as withdraw money from the ATM. Users can deposit money to the wallet with a variety of methods, including debit cards and even Bitcoins. Compared to the other providers the fees on Neteller are a bit on the high side, but this detail doesn’t seem to mind the millions of daily users they have.
Skrill
Skrill was launched in 2001 and from the very start it became the favorite payment method for bookmakers all over the world. The wallet was available in over 120 world countries and users could choose from over 40 currencies. In 2015 Skrill was acquired by the Paysafe Group, ending the rivalry with Neteller. Even today Skrill is a very popular method for online gambling. Transactions from one account to another are instant and the fees are set at 2.5% per transaction. The fees change based on your level and you also unlock additional perks, like a higher points conversion.
Pay n Play
Pay N Play is a product that was launched by Trustly in 2015. With this product Trustly combined making deposits, withdrawals and account verification all into one. Instead of the player going through the verification process himself, Trustly does the work for him. They act as an intermediary and supply the operator with all KYC info. This makes the entire process much simpler and easier. Since Pay N Play was launched the number of deposits and withdrawals increased over the Trustly network, proving that this product is spot on.
Casino Payment Methods For Low Deposits
Online gambling can be very fun, but some players can easily get caught up in all the excitement and lose track of how much they deposit at the casinos. The best way to deal with this is to use payment methods for online casinos which have a low deposit limit. This way you won’t end up depositing large amounts of money and come to regret it later.
Pay by Phone
The Pay by Phone method is a convenient way to make a deposit and keep your gambling under control. You can make a deposit at the casino from the credit you have on your mobile phone or it can be added to your monthly bill. You can deposit £5, £10 or £20 per transaction, but the only downside is that the deposit comes with a £2,5 fee attached. It’s used by a big number of Jumpman fans, since with a £10 deposit you get a free spin on the Mega Reel.
Zimpler
Zimpler came online in 2016 in Sweden. It’s a mobile payment provider allowing players to easily make deposits at online casinos by using their mobile phone. The first step to Zimpler is to create an account with your mobile phone. A text is sent to your mobile number and you need to confirm it to create an account. You can make payments to Zimpler via a Bill or by Card. Once a payment is made the funds are instantly added to your casino account and you can play the casino games right away.
Pay for It
Pay for It is more or less identical to Pay by Phone. You can make a deposit at the casino without creating an account. All you need to do is enter your mobile number and the amount you want to deposit. The deposit is taken directly from your account or its added to your monthly phone bill. For now, this method is only available in the UK and the main reason why it’s so popular is that it gives its users anonymity. You don’t need to enter any personal details or keep a receipt from the transaction on your email.
Boku
Boku is probably the best way to keep your gambling under control. You can deposit a maximum of £10 per transaction and a maximum of £30 every day. This is the perfect payment method for all players who want to try their luck at the casinos, without spending a lot of money. At the moment Boku is available in 6 countries and in the UK they are partnered with Vodafone, EE and O2. Simply enter the amount you want to deposit and your mobile number and you are charged in your monthly mobile bill.
What About Casino Bank Payment Methods?
Even though today Debit Card and E-wallets are the most popular payment methods in the industry, a big number of players still turn to casino bank payment methods for handling their monetary transactions. The reasons for this can be numerous. The casino may allow only bank transfer withdrawals or you may want to withdraw a massive amount in a single transaction. Whatever the reason is, bank transfers are heavily available across online casinos as means of payment.
Bank Wire
The main advantage to a Bank Wire is that there are no country limitations. You can deposit and withdraw to and from any online casino, regardless of the country on your address. Most e-wallets are limited to a number of world countries, so you may not be able to use them. With Bank Transfer this isn’t the case. The deposit and withdrawal process with this method for online casinos is the same as receiving or sending money to a person. All you need is the Swift and IBAN number and you can send your funds to any location in the world.
Instant Bank Transfer
The main advantage of the Instant Bank Transfer compared to the traditional Wire Transfer is that the speed of completing the operation is almost instant. The first step is to create an online bank account with a bank of your choice. To deposit or withdraw funds from the casino you need to enter your details and choose Instant Bank Transfer as a deposit or withdrawal method. After you confirm the transaction the transfer of funds should be instant or can take several hours depending on the bank in question.
Bank Cards
When we talk about Bank Card transactions we usually refer to cards issued by the bank on your name. This payment method is available at pretty much all online casinos and is the simplest to use. All you need is to enter the details from your Visa, Mastercard or Maestro Card and enter the amount you want to deposit. The funds are instantly added to your account and you can play the games right away. In most cases the funds arrive within 24 hours to your card or several days at the most.
The Rise Of Bitcoin Casinos
Online casinos were quick to recognize the popularity of Bitcoin in the world. We quickly saw a rise in Bitcoin casinos and today we can see crypto currencies added into the online casinos payment systems of many popular brands.
Bitcoin casinos offer players a number of advantages. The most notable one being complete anonymity. With Bitcoin or other crypto currencies, you won’t need to pay taxes on your money, report them to the bank or keep any data for the transactions you make. Also, many Bitcoin casinos offer players special and particularly attractive bonus promos, which are simply too good to pass on. Also you should note that being a decentralized currency Bitcoin is more resistant to deflation.
Today most Bitcoin casinos promote themselves as instant withdrawal casinos. This is true to some extent, but there is a big difference between a crypto-only and a crypto-friendly casino. Usually at crypto-only casinos withdrawals are processed within a few minutes, while at the rest you still have to go through the standard pending and withdrawal period.
How to pick the best payment method for you?
There isn’t one definitive answer to which is the best payment method for you. Some players want to get their winnings fast, others don’t want to share their details, while some don’t want to go through the hassle of setting up an extra account. Whatever the reasons are, every player usually comes up with one payment method that suits his needs the most and uses it on a regular basis to play at online casinos.
Before you decide on a payment provider it’s always a good idea to do some research. Make sure to weigh the pros and cons of each one first and only then make a decision. Some casinos ban certain methods from claiming bonus promotions, others impose fees, while some don’t allow withdrawals over the weekend.
Deposit methods and verification process
Once you start playing at online casinos for real money sooner or later you will be required to verify your account. At some operators this is done right after you create an account, while at others it’s initiated when you make your first withdrawal request. The KYC process is pretty simple and straightforward. You are required to send your ID to confirm your identity, a Utility Bill to confirm your address and a screenshot of your payment method to confirm that you are in fact the owner.
Account verification is done to prevent money laundering and other fraudulent activities at online casinos. If someone is to get a hold of your ID, he can easily create an account at the casino. But it’s nearly impossible to get a hold of your ID, utility bill and a card registered in your name. This is why the payment method needs to be verified, sometimes even with a bank statement of the transactions to prove that it’s really you playing at the casinos.
An Important Notice Regarding Credit Cards
As of the 14th of April, 2020, the UKGC decided to put a ban on Credit Cards being used for gambling in the UK. Credit Cards were also banned as a method for topping up E-wallet accounts. The move was made because of the pandemic, where it was predicted that people would gamble more, due to the fact that they were locked up in their homes for longer periods of time.
The move was made based on research that over 800,000 people in the UK use Credit Cards to play at the casinos. From this number over 175,000 are considered to have problems gambling. So to protect these players and keep the numbers from escalating even more the UKGC decided to completely ban Credit Cards from online gambling. The decision was greeted throughout the gambling world and is expected to minimize the risk of customers gambling with money which they basically can’t afford to lose.
A note for the high rollers
When it comes to high roller players moving big amounts of money to and from the casino is a must. High Rollers are welcomed by every online casino and provided with various perks based on their playing level. One of those perks is faster withdrawals and higher deposit and withdrawal limits. This being said, high rollers are advised to use bank transfer or E-wallets for making deposits at the casinos. This way you can make bigger deposits in a single transaction and cut down on fees. On the other hand, mobile payment providers are not suitable for higher deposits, because of the limits they bring.
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