Online gambling has exploded in popularity over the last decade. As more countries regulate and legalize online betting, the industry continues to grow rapidly. However, one concern for players new to internet gambling is how to safely and conveniently fund their accounts.
Choosing the right deposit method is key to having a positive experience. This guide compares the most popular Online Gambling Payment options for funding real money online casino, poker at 777casino, and sportsbook accounts based on criteria such as security, fees, processing time, and more.
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Security Should Be the Top Priority
While convenience and speed are nice bonuses in a payment method, safety should be the top consideration. You want assurance that your money and personal financial information are protected. Here are the most secure ways to fund online gambling accounts:
e-Wallets
Services like PayPal, Neteller, and Skrill lead the way when it comes to secure online money transfers. These internet wallet services add a protective intermediary layer between your bank account/credit card and the online gambling site. You simply link the eWallet to your bank or card, transfer money into it, and then use it to fund your betting account. This prevents you from having to send your financial details directly to the gambling site.
eWallets also utilize advanced encryption technology and two-factor authentication for account logins. That provides additional protection against your money or info getting into the wrong hands. As long as you choose a reputable brand and take measures to keep your login credentials safe, eWallets are extremely secure.
Prepaid Cards
Another wise option is using prepaid debit cards, either purchased in-store or online. These function similarly to gift cards in that you preload them with a set amount of money to spend.
You then enter the prepaid card details when making a deposit, rather than linking your actual bank account or credit card. Should the card details somehow get compromised, there’s no risk beyond the prepaid amount you loaded onto it.
Cryptocurrency
Blockchain-powered digital coins like Bitcoin introduce the latest evolution in secure online payments. Crypto transactions utilize advanced cryptography for protection and get recorded on decentralized networks rather than banking systems.
That makes tampering virtually impossible. While cryptocurrencies come with some volatility risks as an asset class, they provide unparalleled security for online gambling deposits and cash outs.
Convenience Is Also Key
We covered the safest ways to fund online betting accounts, but convenience is the next factor to consider. Seamless, hassle-free payment experiences enhance the customer journey. Here are the most convenient real money deposit options:
Debit Cards
Bank-issued debit cards are accepted at every legal online gambling site. They provide the convenience of instant deposits and fast cashouts. Enter your card details once and subsequent payments process quickly. Debit card transactions are free at most sites, although a few charge small fees. Reloading with additional funds just requires logging into your bank account.
Online Banking Transfers
Direct bank transfers are convenient in that you can move money straight from a bank account without needing a separate account or eWallet. Simply enter your banking login credentials at the gambling site. The funds then transfer directly in or out of the associated account. Processing depends on the country and bank but usually completes within 1-3 days.
PayNearMe
This unique service allows you to make cash deposits for online gambling at thousands of participating 7-Eleven, CVS Pharmacy, Family Dollar, and other retailers across the U.S. You simply bring cash to the store, have the clerk scan a barcode, and the money gets credited to your account. It’s an easy way to fund betting with cash.
Key Factors When Choosing Payment Methods
To recap, here are the most important factors to evaluate:
- Security – Solid protection against fraud or hacking
- Fees – Whether the payment method charges transaction fees
- Processing Time – Speed of deposits and withdrawals
- Acceptance – Which gambling sites support the payment option
- Limits – Maximum deposit and withdrawal amounts
- Convenience – Ease of funding your account
Evaluating your options across those key criteria makes selecting the best real money gambling deposit method for your needs easy.
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Most Secure eWallet Brands
Now that you know what to look for in a payment method, let’s compare some of the top eWallet brands for security and convenience when gambling online for real money:
- PayPal – This payment giant boasts over 300 million active user accounts globally. PayPal utilizes bank-grade security features like 128-bit SSL encryption and fraud prevention tools. Deposits are instant, and cashout times range from instant to 1 day. The major downside is that PayPal blocks payments for online gambling in many countries and charges higher fees.
- Neteller – Specializing in online gambling and eCommerce payments, Neteller offers fast deposits and withdrawals with robust security. Two-factor authentication, biometric logins, SSL encryption, and more help protect accounts. Fees run about 2.5% but are offset by excellent loyalty rewards. Neteller is accepted at most sites.
- Skrill – Previously known as Moneybookers, Skrill sees heavy use in internet gambling thanks to quick payments and minimal fees. Security features include encrypted communications, two-step verification, and more. Standard 1% fees apply. The Skrill wallet links directly to your bank account.
- EcoPayz – This payment provider has the advantage of no fees on deposits or withdrawals to/from online gambling sites. That’s coupled with solid security via SSL encryption and two-factor authentication. EcoPayz enjoys high acceptance rates across internet betting brands. Just takes 1-3 days for cashouts.
- Paysafecard – One of the most widely supported prepaid card options in online gambling. Buy a Paysafecard at hundreds of thousands of sales outlets, then enter the 16-digit code at sites to redeem the funds. Limits to €1,000 per card. Strictly for deposits, not withdrawals.
As you can see, all reputable eWallets provide advanced security to protect your money and data. It comes down to speed, fees, and availability when choosing between the top brands like PayPal, Skrill, Neteller, and EcoPayz.
Table Comparing Key Features of Top eWallet Services
| eWallet | Deposit Speed | Withdrawal Speed | Fees | Acceptance | Security Features |
| PayPal | Instant | Instant-1 day | 2.5%-5% | Medium | Encryption, Fraud Protection |
| Neteller | Instant | 1-24 hours | 2.5% | High | Authentication, Encryption |
| Skrill | Instant | 1-3 days | 1% | High | Encryption, Verification |
| EcoPayz | Instant | 1-3 days | 0% | Medium | Encryption, Authentication |
As shown in the table, all reputable eWallet brands provide robust security. The differentiators come down to processing times and how much they charge in fees.
The Importance of Legal, Regulated Gambling Sites
One final point about security and payments. Always verify that the online gambling site holds a valid operating license from a respected regulatory body before playing there. Trusted authorities like the United Kingdom Gambling Commission, Malta Gaming Authority, Gibraltar Regulatory Authority, and others require sites to employ strict measures to protect customer funds.
Sticking with provably fair, regulated internet gambling brands ensures a safe, secure betting experience no matter which deposit method you choose. However, applying due diligence by following the guidance in this post will lead you to the best payment options for funding accounts conveniently while minimizing risks.