What are the most common payment methods for online gambling?

Is the online casino of your choice safe and what payment method will you use to deposit money with which you want to play? To play at an online casino in the Netherlands you need to choose a casino that holds a Dutch license.

Fortunately, there are many different payment methods you can use to deposit and withdraw money at an online casino. However, the abundance of possibilities also brings some headaches. Which method is best for you? Some caution is in order because sometimes there are some drawbacks to a method.

Popular payment methods at online casinos

The most widely used payment methods worldwide are credit and debit cards. The vast majority of people have and use cards in their daily lives and trust them as reputable banks have issued them. This is one of the reasons why so many people decide to fund their gambling accounts with a card.

Everyone knows what it is like to pay with a card. The most popular are Mastercard and Visa when it comes to credit cards. But perhaps it is better not to use the credit card at all. Because here you often have a larger spending limit you have to have quite a bit of self-discipline to avoid getting into trouble.

Therefore, a debit card is a better option because you can’t spend more than you have. Cards are generally secure, but with so many cyber attacks and public sensitive data breaches, people have good reason to be concerned about their financial and personal data security. Another disadvantage of using credit cards is the high fees that are sometimes charged.

iDEAL for Dutch players

The Dutch online gambling market has been regulated since October 2021. This means that Dutch players can legally gamble at online casinos with a Dutch license. In 2019, it was announced that the Netherlands would regulate. At the time, all online casinos were banned from accepting payments with iDEal. But now that the market is open again, iDEAL may be accepted again and Dutch players are embracing this trusted payment option. In the Netherlands iDEAL is by far the most popular payment option for online gambling.

eWallets are popular

The rise of eWallets as new alternative payment methods is understandable. More and more people are looking for the easiest and safest way to pay for online gambling. So it’s no surprise that iGaming enthusiasts are choosing eWallets as their preferred payment method. Funding and retrieving the money from these digital wallets is fast and easy, with no fees.

eWallets are most valued for their security. They are linked to your bank account, cards, whatever you decide to use to fund it, but no third party has access to what is behind the eWallet’s login screen. The most acclaimed are Skrill, Neteller and PayPal.

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MuchBetter also increasingly used

MuchBetter is a dedicated payment provider for the global gaming industry. Their goal is to enable world-class service for both players and online casinos. MuchBetter eWallet is a payment app. It is designed to allow players to make deposits and withdraw winnings in real time.

MuchBetter has one of the most advanced commercial systems that greatly reduce unnecessary transaction processing costs for online casino providers. Therefore, the list of MuchBetter casinos is growing daily!

Go for convenience and security

It completely depends on what your own preference is. eWallets are hugely convenient and you can use them anywhere in the world and don’t need readers or other devices. Just using your bank account through your app is also very possible. The downside then is that it may go out of your daily account and you may run into trouble at the end of the month. Because of this, it might be best to grab a separate account or eWallet for your play at an online casino. This way everything stays clear and you never get into trouble.